Tour v394
TLT
iShares 20+ Year Treasury Bond ETF
$83.17 -0.32%
$83.21 (+0.05%)🌙
as of 07/23 04:05 PM
(7/23 15:43) ◀
|
Thursday, July 23, 2026 (4:05pm)
January 2026
|
▶ (7/23 16:19)
◀ 7/23 16:05 ▶

Option Volume

Detail
ℹ
Current (07/23) 402,348
Calls: 177,519 (44%)
Puts: 224,829 (56%)
Prior (07/22) 182,606
Calls: 111,016 (61%)
Puts: 71,590 (39%)
Current vs Prior +120.34%
Calls: +59.90% (Calls)
Puts: +214.05% (Puts)
Prior 7-Day Total 1,847,245
Calls: 1,299,696 (70%)
Puts: 547,549 (30%)
Prior 7-Day Average 307,874
Calls: 185,670 (70%)
Puts: 78,221 (30%)
Current vs Prior 7-Day Avg +30.69%
Calls: -4.39%
Puts: +187.43%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (07/23) $25.96M
Calls: $14.16M (55%)
Puts: $11.80M (45%)
Prior (07/22) $12.50M
Calls: $7.36M (59%)
Puts: $5.14M (41%)
Current vs Prior +107.65%
Calls: +92.29%
Puts: +129.64%
Prior 7-Day Total $237.05M
Calls: $199.80M (84%)
Puts: $37.25M (16%)
Prior 7-Day Average $39.51M
Calls: $28.54M (84%)
Puts: $5.32M (16%)
Current vs Prior 7-Day Avg -34.29%
Calls: -50.39%
Puts: +121.80%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/23) 1.27
Prior (07/22) 0.64
Current vs Prior +96.40%
Prior 7-Day Average 0.45
Current vs Prior 7-Day Avg +183.27%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (07/23) 1,780,044
Calls: 1,119,020 (63%)
Puts: 661,024 (37%)
Prior (07/22) 1,318,931
Calls: 749,581 (57%)
Puts: 569,350 (43%)
Current vs Prior +34.96%
Prior 7-Day Total 9,677,440
Calls: 5,782,820 (60%)
Puts: 3,894,620 (40%)
Prior 7-Day Average 1,612,906
Calls: 963,803 (60%)
Puts: 649,103 (40%)
Current vs Prior 7-Day Avg +10.36%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (07/24) | Next (07/27)Expiry (07/24) | Next (07/31)Expiry (08/21) | Next (09/18)
Current 0.83% | 1.06%0.83% | 1.59%2.71% | 4.10%
Prior 1.05% | 1.13%1.05% | 1.67%2.79% | 3.95%
Current vs Prior -21.34% | -6.08%-21.34% | -4.73%-3.12% | +3.67%
Prior 7-Day Avg 0.89% | 1.08%0.95% | 1.50%1.34% | 3.23%
Current vs 7-Day Avg -6.28% | -1.99%-12.23% | +6.03%+101.42% | +26.77%
Prior 7-Day Eod 1.05% | 1.13%1.05% | 1.67%2.79% | 3.95%
Current vs 7-Day Eod -21.34% | -6.08%-21.34% | -4.73%-3.12% | +3.67%
Sentiment BULLISHBULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 2.90% | 2.27%
Calls: 3.03% | 2.27%
Puts: 2.78% | 2.27%
Prior 26.75% | 54.73%
Calls: 37.50% | 38.03%
Puts: 16.00% | 71.43%
Current vs Prior -89.16% | -95.85%
Prior 7-Day Avg 9.94% | 11.81%
Calls: 10.64% | 8.82%
Puts: 9.23% | 14.80%
Current vs 7-Day Avg -70.82% | -80.78%
Liquidity Good
+
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🤖 AI Insights

Massive premium surge with dollar volume up 108% vs prior. Unusually high activity with volume up 120% vs prior - elevated interest. Bearish P/C ratio of 1.27 indicates protective positioning. P/C ratio rising 96% - increased hedging/bearish positioning.

Smart Money BULLISH
Retail Flow BEARISH
Overall BEARISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BULLISH
7-Day Avg BULLISH
Current BEARISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BEARISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current NEUTRAL
Prior BULLISH
7-Day Avg BULLISH

📈 Options Analysis

🎯 Tightest Spreads
💰 Best Value Under $1
📊 High Delta (ITM)
🔥 High Volume
⏰ Backwardation
📈 Debit Spreads
📉 Credit Spreads
📅 Calendar Spreads
⚡ Straddles
🔀 Strangles
🦅 Iron Condors
🦋 Butterflies
⚖️ Ratio Spreads
🛡️ Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 321 of results (avg 3.6%, best 0.5%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$82.00Aug 281.841.85$1.850.5%820.6738
$82.00Aug 141.571.58$1.580.6%5740.72538
$82.50Aug 281.521.53$1.530.7%1880.5934
$82.50Aug 141.221.23$1.230.8%9730.6125
$83.00Aug 281.231.24$1.230.8%3250.50176
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$84.50Aug 281.891.91$1.901.1%110.69571
$84.50Aug 211.821.84$1.831.1%890.72198
$83.50Aug 30.840.85$0.851.2%1420.61316
$83.00Aug 140.810.82$0.821.2%4200.515.6K
$85.00Aug 282.262.29$2.281.3%4520.75783

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 155 found (avg $0.35, cheapest $0.06)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$85.50Aug 30.050.06$0.0616.7%840.07332
$86.50Aug 70.050.06$0.0616.7%1570.064.6K
$87.50Aug 140.050.06$0.0616.7%900.057.6K
$88.50Aug 210.050.06$0.0616.7%170.0448
$89.50Aug 280.050.06$0.0616.7%20.04553
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$80.50Aug 30.050.06$0.0616.7%2730.07960
$79.00Aug 140.050.06$0.0616.7%810.05936
$82.50Jul 270.060.07$0.0714.3%1.7K0.17441
$80.00Aug 70.060.07$0.0714.3%990.075.2K
$82.00Jul 290.070.08$0.0812.5%7370.133.8K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 233 found (avg delta 0.87, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$72.00Aug 311.2011.40$11.301.8%61.0018
$73.00Aug 310.2010.40$10.301.9%321.0029
$74.00Aug 39.209.35$9.271.6%81.0021
$75.00Aug 38.208.40$8.302.4%461.002
$76.00Aug 37.207.40$7.302.7%261.0014
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$84.50Jul 241.261.35$1.316.9%8141.0015.7K
$85.00Jul 241.751.85$1.805.6%6.7K1.006.6K
$86.00Jul 242.742.85$2.803.9%1081.0033
$87.00Jul 243.703.85$3.784.0%31.003
$87.50Jul 244.204.35$4.283.5%11.001

Most actively traded options today. High liquidity = easy entry/exit. 426 active (total vol 402.3K, top 52.0K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$84.00Jul 310.240.25$0.254.0%13.2K0.298.3K
$84.00Aug 210.620.63$0.631.6%11.8K0.3524.1K
$85.00Aug 210.330.34$0.342.9%10.8K0.2263.6K
$83.50Jul 240.090.10$0.1010.0%7.0K0.292.3K
$84.00Aug 50.280.29$0.293.4%5.9K0.28136
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$81.00Aug 210.260.27$0.273.7%52.0K0.2010.2K
$80.00Aug 210.140.15$0.156.7%51.4K0.1217.0K
$79.50Aug 210.100.11$0.119.1%11.6K0.09202
$83.00Aug 210.900.92$0.912.2%11.3K0.5158.1K
$81.50Aug 210.360.38$0.375.4%9.4K0.26776

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 70 strikes (avg 190.3%, max 509.7%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$70.00Jul 24Aug 21121.6%22.2%447.2%297153
$96.00Jul 24Aug 28100.8%19.5%415.9%--959
$95.00Jul 24Aug 2894.2%18.3%415.8%11.3K
$75.00Jul 24Aug 2176.9%15.9%384.2%135183
$93.00Jul 24Aug 2880.6%16.8%378.2%--772
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$70.00Jul 24Aug 28121.6%19.9%509.7%1677
$74.00Jul 24Aug 2185.7%17.6%386.6%--1.5K
$76.00Jul 24Aug 2868.0%14.3%376.3%--247
$77.00Jul 24Aug 2859.2%13.0%354.7%54559
$78.00Jul 24Sep 450.4%11.9%324.3%1361.3K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 89 found (best R:R 4.00, avg 1.68)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$84.50$85.00Aug 14$0.10$0.40$0.104.00$84.60
$85.00$85.50Aug 21$0.10$0.40$0.104.00$85.10
$84.00$84.50Jul 31$0.11$0.39$0.113.55$84.11
$84.00$84.50Aug 3$0.11$0.39$0.113.55$84.11
$85.00$85.50Aug 28$0.11$0.39$0.113.55$85.11
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$82.50$82.00Jul 31$0.10$0.40$0.104.00$82.40
$82.00$81.50Aug 7$0.11$0.39$0.113.55$81.89
$81.50$81.00Aug 28$0.11$0.39$0.113.55$81.39
$83.00$82.50Jul 27$0.12$0.38$0.123.17$82.88
$82.50$82.00Aug 3$0.13$0.37$0.132.85$82.37

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 115 found (best R:R 15.67, avg 1.41)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$78.00$80.00Aug 28$1.88$1.88$0.1215.67$79.88
$82.00$82.50Aug 3$0.40$0.40$0.104.00$82.40
$81.50$82.00Aug 14$0.39$0.39$0.113.55$81.89
$82.50$83.00Jul 27$0.38$0.38$0.123.17$82.88
$82.00$82.50Aug 5$0.38$0.38$0.123.17$82.38
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$84.50$84.00Aug 5$0.40$0.40$0.104.00$84.10
$84.00$83.50Jul 27$0.39$0.39$0.113.55$83.61
$84.50$84.00Aug 7$0.39$0.39$0.113.55$84.11
$85.00$84.50Aug 21$0.39$0.39$0.113.55$84.61
$85.00$84.50Aug 28$0.38$0.38$0.123.17$84.62

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 14 found (avg debit $0.10, cheapest $0.06)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$79.00Jul 24Jul 29$0.0641.5%17.0%
$82.00Jul 24Jul 27$0.0614.0%9.5%
$74.00Jul 24Jul 31$0.0785.7%30.4%
$75.00Jul 24Jul 31$0.0776.9%27.3%
$76.00Jul 24Jul 31$0.0768.0%24.2%
PUTS (4)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$83.50Jul 24Jul 27$0.0811.8%8.8%
$83.00Jul 24Jul 27$0.0910.6%8.0%
$88.00Jul 24Aug 3$0.2343.9%15.9%
$86.50Jul 31Aug 7$0.2714.4%13.1%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 216 found (cheapest 0.52% of stock, avg 4.67%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$83.00Jul 24$0.33$0.10$0.43$82.57$83.430.52%
$83.50Jul 24$0.10$0.36$0.46$83.04$83.960.55%
$83.00Jul 27$0.44$0.19$0.63$82.37$83.630.76%
$83.50Jul 27$0.19$0.44$0.63$82.87$84.130.76%
$82.50Jul 24$0.74$0.03$0.77$81.73$83.270.93%
$84.00Jul 24$0.03$0.81$0.84$83.16$84.841.01%
$83.00Jul 29$0.56$0.30$0.86$82.14$83.861.03%
$83.50Jul 29$0.31$0.55$0.86$82.64$84.361.03%
$82.50Jul 27$0.82$0.07$0.89$81.61$83.391.07%
$84.00Jul 27$0.07$0.83$0.90$83.10$84.901.08%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 229 found (cheapest 0.07% of stock, avg 0.84%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$84.00$82.50Jul 24$0.03$0.03$0.06$82.44$84.06
$84.50$82.00Jul 27$0.03$0.03$0.06$81.94$84.56
$85.00$81.50Jul 29$0.04$0.04$0.08$81.42$85.08
$84.00$82.00Jul 27$0.07$0.03$0.10$81.90$84.10
$84.50$82.50Jul 27$0.03$0.07$0.10$82.40$84.60
$85.50$81.00Jul 31$0.05$0.05$0.10$80.90$85.60
$84.50$81.50Jul 29$0.07$0.04$0.11$81.39$84.61
$85.00$82.00Jul 29$0.04$0.08$0.12$81.88$85.12
$83.50$82.50Jul 24$0.10$0.03$0.13$82.37$83.63
$84.00$83.00Jul 24$0.03$0.10$0.13$82.87$84.13

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 28 found (best R:R 3.55, avg credit $0.34)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
83/8484/84Aug 5$0.39$0.113.55$83.11$84.39
82/8283/84Aug 28$0.39$0.113.55$81.61$83.39
82/8284/84Sep 4$0.39$0.113.55$81.61$83.89
83/8485/86Sep 4$0.39$0.113.55$83.11$85.39
81/8283/84Sep 4$0.38$0.123.17$81.12$83.38
82/8284/84Sep 4$0.38$0.123.17$82.12$84.38
82/8384/85Sep 4$0.38$0.123.17$82.62$84.88
82/8284/84Aug 28$0.37$0.132.85$81.63$83.87
82/8284/84Aug 28$0.36$0.142.57$82.14$84.36
81/8284/84Sep 4$0.36$0.142.57$81.14$83.86

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 74 found (best R:R 19.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$78.00$79.00$80.00Aug 21$0.05$0.9519.00
$73.00$74.00$75.00Aug 3$0.06$0.9415.67
$69.00$70.00$71.00Aug 21$0.06$0.9415.67
$76.00$77.00$78.00Aug 21$0.07$0.9313.29
$81.50$82.00$82.50Aug 3$0.05$0.459.00
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$82.00$82.50$83.00Jul 24$0.05$0.459.00
$82.50$83.00$83.50Aug 5$0.05$0.459.00
$82.00$82.50$83.00Aug 7$0.05$0.459.00
$82.00$82.50$83.00Aug 14$0.05$0.459.00
$83.00$83.50$84.00Aug 21$0.05$0.459.00

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 143 found (best net $--, 135 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$93.00$95.001:2Aug 28-$0.01$1.99
$81.50$83.001:2Sep 4-$0.34$1.16
$87.00$88.001:2Aug 5$0.00$1.00
$93.00$94.001:2Aug 14$0.00$1.00
$97.00$98.001:2Aug 21$0.00$1.00
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$75.00$70.001:2Aug 14$0.00$5.00
$75.00$70.001:2Jul 31-$0.01$4.99
$75.00$70.001:2Aug 7-$0.01$4.99
$74.00$70.001:2Jul 24-$0.01$3.99
$76.00$74.001:2Jul 24-$0.01$1.99

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 65 found (best yield 1.25%, avg 0.34%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$83.50Sep 4$1.040.430.4%1.25%1.65%113--
$83.50Aug 28$0.980.440.4%1.18%1.58%321346
$83.50Aug 21$0.820.430.4%0.99%1.38%5185.9K
$84.00Sep 4$0.820.371.0%0.99%1.98%273--
$84.00Aug 28$0.760.371.0%0.91%1.91%2.2K4.5K
$83.50Aug 14$0.680.410.4%0.82%1.21%710375
$84.50Sep 4$0.640.311.6%0.77%2.37%155--
$84.00Aug 21$0.620.351.0%0.75%1.74%11.8K24.1K
$84.50Aug 28$0.580.311.6%0.70%2.30%5.3K4.3K
$83.50Aug 7$0.520.400.4%0.63%1.02%144443

Current 5-Minute Volume Snapshots

Time (HH:MM) Total Volume Call Volume Put Volume Volume Change
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Prior's 5-Minute Volume Snapshots

Time (HH:MM) Total Volume Call Volume Put Volume Volume Change
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Current Put/Call Breakdown

Total Calls 177,519
Total Puts 224,829
Put/Call Ratio 1.27
Net Difference -47,310

Prior's Put/Call Breakdown

Total Calls 111,016
Total Puts 71,590
Put/Call Ratio 0.64
Net Difference 39,426

Prior 7-Day Put/Call Summary

Total Calls 1,299,696
Total Puts 547,549
Average Put/Call Ratio 0.45
Ratio Trend Rising

Daily Put/Call History (Last 7 Days)

Date Calls Puts Ratio Net Diff
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Upcoming Earnings - 2 Weeks Prior

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Upcoming Earnings - 1 Week Prior

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Earnings This Week

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Earnings - Day Before / Day After

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Options Activity Around Earnings

Ticker Earnings Date Days Away Call Volume Put Volume IV Rank
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Chart Title

Price — Past 7 Days

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