Tour v394
TLT
iShares 20+ Year Treasury Bond ETF
$83.17 -0.32%
$83.20 (+0.04%)🌙
as of 07/23 07:12 PM
(7/23 16:19) ◀
|
Thursday, July 23, 2026 (7:12pm)
January 2026
|
▶
◀ 7/23 19:12

Option Volume

Detail
ℹ
Current (07/23) 403,234
Calls: 178,223 (44%)
Puts: 225,011 (56%)
Prior (07/22) 182,606
Calls: 111,016 (61%)
Puts: 71,590 (39%)
Current vs Prior +120.82%
Calls: +60.54% (Calls)
Puts: +214.31% (Puts)
Prior 7-Day Total 2,249,593
Calls: 1,477,215 (66%)
Puts: 772,378 (34%)
Prior 7-Day Average 321,370
Calls: 211,030 (66%)
Puts: 110,339 (34%)
Current vs Prior 7-Day Avg +25.47%
Calls: -15.55%
Puts: +103.93%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (07/23) $25.90M
Calls: $14.09M (54%)
Puts: $11.81M (46%)
Prior (07/22) $12.50M
Calls: $7.36M (59%)
Puts: $5.14M (41%)
Current vs Prior +107.18%
Calls: +91.39%
Puts: +129.81%
Prior 7-Day Total $263.01M
Calls: $213.96M (81%)
Puts: $49.05M (19%)
Prior 7-Day Average $37.57M
Calls: $30.57M (81%)
Puts: $7.01M (19%)
Current vs Prior 7-Day Avg -31.06%
Calls: -53.89%
Puts: +68.55%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/23) 1.26
Prior (07/22) 0.64
Current vs Prior +95.78%
Prior 7-Day Average 0.56
Current vs Prior 7-Day Avg +123.79%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (07/23) 1,383,513
Calls: 803,691 (58%)
Puts: 579,822 (42%)
Prior (07/22) 1,318,931
Calls: 749,581 (57%)
Puts: 569,350 (43%)
Current vs Prior +4.90%
Prior 7-Day Total 11,457,484
Calls: 6,901,840 (60%)
Puts: 4,555,644 (40%)
Prior 7-Day Average 1,636,783
Calls: 985,977 (60%)
Puts: 650,806 (40%)
Current vs Prior 7-Day Avg -15.47%
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% | 1.05%0.83% | 1.58%2.71% | 4.11%
Prior 1.05% | 1.13%1.05% | 1.67%2.79% | 3.95%
Current vs Prior -21.34% | -7.15%-21.34% | -5.45%-3.12% | +3.97%
Prior 7-Day Avg 0.89% | 1.08%0.95% | 1.50%1.34% | 3.23%
Current vs 7-Day Avg -6.28% | -3.11%-12.23% | +5.22%+101.42% | +27.15%
Prior 7-Day Eod 0.83% | 1.06%1.05% | 1.67%2.79% | 3.95%
Current vs 7-Day Eod +0.00% | -1.14%-21.34% | -5.45%-3.12% | +3.97%
Sentiment BULLISHBULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 2.84% | 2.25%
Calls: 3.13% | 2.38%
Puts: 2.56% | 2.13%
Prior 26.75% | 54.73%
Calls: 37.50% | 38.03%
Puts: 16.00% | 71.43%
Current vs Prior -89.38% | -95.89%
Prior 7-Day Avg 8.93% | 10.45%
Calls: 10.64% | 8.82%
Puts: 9.23% | 14.80%
Current vs 7-Day Avg -68.20% | -78.46%
Liquidity Good
+
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🤖 AI Insights

Massive premium surge with dollar volume up 107% vs prior. Unusually high activity with volume up 121% vs prior - elevated interest. Bearish P/C ratio of 1.26 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 257 of results (avg 4.1%, best 1.1%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$70.00Jul 3113.2013.35$13.271.1%61.00--
$70.00Aug 2113.2013.35$13.271.1%2961.00149
$70.00Jul 2413.1513.30$13.231.1%11.004
$82.00Aug 211.671.69$1.681.2%6720.69756
$71.00Aug 2112.2012.35$12.271.2%2821.0063
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$84.00Aug 211.481.50$1.491.3%2.7K0.6551.1K
$94.00Aug 2110.9511.10$11.021.4%10.99--
$84.00Aug 141.401.42$1.411.4%340.671.8K
$84.50Aug 281.901.93$1.921.6%110.69571
$84.50Aug 211.831.86$1.851.6%890.72198

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 143 found (avg $0.37, cheapest $0.06)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$85.50Aug 30.050.06$0.0616.7%840.07332
$86.00Aug 50.050.06$0.0616.7%640.07229
$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
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$80.50Aug 30.050.06$0.0616.7%2730.07960
$79.00Aug 140.050.06$0.0616.7%810.05--
$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%7370.143.8K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 184 found (avg delta 0.85, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$72.00Aug 311.2011.35$11.271.3%61.0018
$73.00Aug 310.2010.35$10.271.5%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 241.761.85$1.815.0%6.7K1.006.6K
$86.00Jul 242.742.86$2.804.3%1081.0033
$87.00Jul 243.703.90$3.805.3%31.00--
$87.50Jul 244.204.40$4.304.7%11.00--

Most actively traded options today. High liquidity = easy entry/exit. 427 active (total vol 403.2K, top 52.0K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$84.00Jul 310.230.24$0.244.2%13.2K0.288.3K
$84.00Aug 210.610.63$0.623.2%11.8K0.3524.1K
$85.00Aug 210.330.34$0.342.9%10.8K0.2263.6K
$83.50Jul 240.080.10$0.0922.2%7.1K0.292.3K
$84.00Aug 50.270.29$0.287.1%5.9K0.28136
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$81.00Aug 210.260.28$0.277.4%52.0K0.2010.2K
$80.00Aug 210.130.15$0.1414.3%51.4K0.1117.0K
$79.50Aug 210.100.11$0.119.1%11.6K0.09202
$83.00Aug 210.900.93$0.923.3%11.3K0.5158.1K
$81.50Aug 210.370.38$0.382.6%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. 58 strikes (avg 135.4%, max 471.6%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$70.00Jul 24Aug 21127.2%22.2%471.6%297153
$90.50Jul 24Aug 2865.7%14.8%345.4%2031.3K
$78.00Jul 24Sep 452.7%11.9%343.6%2823
$90.00Jul 24Aug 2861.9%14.0%342.0%515.8K
$89.50Jul 24Sep 458.0%13.2%337.4%1041.5K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$88.00Jul 24Aug 2145.9%12.9%256.2%2.4K4.3K
$87.50Jul 24Sep 441.8%12.1%246.7%16--
$80.00Jul 24Sep 434.0%10.6%220.7%163--
$87.00Jul 24Aug 2837.6%11.9%217.3%203--
$86.00Jul 24Aug 2828.9%11.6%150.6%23933

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 90 found (best R:R 4.00, avg 1.76)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$85.00$85.50Aug 21$0.10$0.40$0.104.00$85.10
$85.50$86.00Sep 4$0.10$0.40$0.104.00$85.60
$83.50$84.00Jul 27$0.11$0.39$0.113.55$83.61
$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
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 21$0.11$0.39$0.113.55$81.39
$81.50$81.00Aug 28$0.11$0.39$0.113.55$81.39
$81.00$80.50Sep 4$0.11$0.39$0.113.55$80.89

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 117 found (best R:R 19.00, avg 1.45)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$78.00$80.00Aug 28$1.90$1.90$0.1019.00$79.90
$82.00$82.50Jul 31$0.40$0.40$0.104.00$82.40
$82.00$82.50Aug 3$0.40$0.40$0.104.00$82.40
$82.00$82.50Aug 5$0.40$0.40$0.104.00$82.40
$81.50$82.00Aug 14$0.40$0.40$0.104.00$81.90
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$86.00$85.00Aug 28$0.84$0.84$0.165.25$85.16
$84.00$83.50Jul 27$0.39$0.39$0.113.55$83.61
$84.50$84.00Aug 7$0.38$0.38$0.123.17$84.12
$85.00$84.50Aug 21$0.38$0.38$0.123.17$84.62
$85.00$84.50Aug 28$0.37$0.37$0.132.85$84.63

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 13 found (avg debit $0.13, cheapest $0.05)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$82.50Jul 24Jul 27$0.0513.3%8.4%
$79.00Jul 24Jul 29$0.0643.4%17.1%
$77.00Jul 24Aug 14$0.0761.9%15.1%
$78.00Jul 24Aug 7$0.0752.7%14.5%
$83.50Jul 24Jul 27$0.0912.0%9.0%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$83.50Jul 24Jul 27$0.0812.0%9.0%
$83.00Jul 24Jul 27$0.0911.0%8.1%
$86.50Jul 31Aug 7$0.2214.5%13.1%
$87.50Jul 24Aug 14$0.2341.8%13.2%
$88.00Jul 24Aug 21$0.2345.9%12.9%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 157 found (cheapest 0.50% of stock, avg 3.25%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$83.00Jul 24$0.32$0.10$0.42$82.58$83.420.50%
$83.50Jul 24$0.09$0.37$0.46$83.04$83.960.55%
$83.00Jul 27$0.42$0.19$0.61$82.39$83.610.73%
$83.50Jul 27$0.18$0.45$0.63$82.87$84.130.76%
$82.50Jul 24$0.75$0.03$0.78$81.72$83.280.94%
$84.00Jul 24$0.03$0.81$0.84$83.16$84.841.01%
$83.50Jul 29$0.31$0.55$0.86$82.64$84.361.03%
$82.50Jul 27$0.80$0.07$0.87$81.63$83.371.05%
$83.00Jul 29$0.56$0.31$0.87$82.13$83.871.05%
$84.00Jul 27$0.07$0.84$0.91$83.09$84.911.09%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 229 found (cheapest 0.07% of stock, avg 0.82%)

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
$83.50$82.50Jul 24$0.09$0.03$0.12$82.38$83.62
$85.00$82.00Jul 29$0.04$0.08$0.12$81.88$85.12
$85.50$80.00Aug 5$0.07$0.05$0.12$79.88$85.62

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 48 found (best R:R 4.00, avg credit $0.34)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
82/8283/84Aug 5$0.40$0.104.00$82.10$83.40
82/8283/84Aug 28$0.40$0.104.00$81.60$83.40
83/8484/84Aug 5$0.39$0.113.55$83.11$84.39
82/8384/84Aug 7$0.39$0.113.55$82.61$83.89
81/8282/83Aug 21$0.39$0.113.55$81.11$82.89
81/8283/84Sep 4$0.39$0.113.55$81.11$83.39
82/8283/84Aug 21$0.38$0.123.17$81.62$83.38
82/8284/84Sep 4$0.38$0.123.17$81.62$83.88
83/8485/86Sep 4$0.38$0.123.17$83.12$85.38
82/8283/84Aug 14$0.37$0.132.85$81.63$83.37

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 77 found (best R:R 19.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$82.00$82.50$83.00Jul 24$0.05$0.459.00
$83.50$84.00$84.50Jul 24$0.05$0.459.00
$81.50$82.00$82.50Jul 31$0.05$0.459.00
$81.50$82.00$82.50Aug 3$0.05$0.459.00
$82.50$83.00$83.50Aug 14$0.05$0.459.00
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$79.00$80.00$81.00Aug 14$0.05$0.9519.00
$82.00$82.50$83.00Jul 24$0.05$0.459.00
$82.00$82.50$83.00Aug 3$0.05$0.459.00
$83.00$83.50$84.00Aug 3$0.05$0.459.00
$82.00$82.50$83.00Aug 7$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. 146 found (best net $-0.03, 133 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$76.00$79.501:2Jul 31-$0.38$3.12
$89.00$92.001:2Aug 14$0.00$3.00
$93.00$96.001:2Jul 31-$0.01$2.99
$92.00$95.001:2Aug 28-$0.01$2.99
$96.00$98.001:2Aug 21$0.00$2.00
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$91.00$87.001:2Aug 7-$0.03$3.97
$75.00$72.001:2Aug 21$0.00$3.00
$77.00$75.001:2Aug 28-$0.01$1.99
$87.50$85.501:2Sep 4-$0.26$1.74
$79.00$78.001:2Jul 31$0.00$1.00

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 64 found (best yield 1.23%, avg 0.34%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$83.50Sep 4$1.020.430.4%1.23%1.62%113--
$83.50Aug 28$0.970.440.4%1.17%1.56%321346
$83.50Aug 21$0.810.420.4%0.97%1.37%5185.9K
$84.00Sep 4$0.810.371.0%0.97%1.97%273--
$84.00Aug 28$0.760.371.0%0.91%1.91%2.2K4.5K
$83.50Aug 14$0.670.410.4%0.81%1.20%710375
$84.50Sep 4$0.630.311.6%0.76%2.36%155--
$84.00Aug 21$0.610.351.0%0.73%1.73%11.8K24.1K
$84.50Aug 28$0.580.311.6%0.70%2.30%5.3K4.3K
$83.50Aug 7$0.510.400.4%0.61%1.01%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 178,223
Total Puts 225,011
Put/Call Ratio 1.26
Net Difference -46,788

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 1,477,215
Total Puts 772,378
Average Put/Call Ratio 0.56
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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