Tour v419
TLT
iShares 20+ Year Treasury Bond ETF
$83.81 +0.67%
7/27 15:13

Option Volume

Detail
Current (07/27) 376,754
Calls: 295,026 (78%)
Puts: 81,728 (22%)
Prior (07/24) 378,978
Calls: 283,548 (75%)
Puts: 95,430 (25%)
Current vs Prior -0.59%
Calls: +4.05% (Calls)
Puts: -14.36% (Puts)
Prior 7-Day Total 1,938,203
Calls: 1,315,797 (68%)
Puts: 622,406 (32%)
Prior 7-Day Average 323,033
Calls: 187,971 (68%)
Puts: 88,915 (32%)
Current vs Prior 7-Day Avg +16.63%
Calls: +56.95%
Puts: -8.08%
Sentiment BULLISH

Dollar Volume

Detail
Current (07/27) $35.55M
Calls: $31.10M (87%)
Puts: $4.45M (13%)
Prior (07/24) $32.38M
Calls: $24.57M (76%)
Puts: $7.81M (24%)
Current vs Prior +9.79%
Calls: +26.58%
Puts: -43.05%
Prior 7-Day Total $227.93M
Calls: $191.42M (84%)
Puts: $36.51M (16%)
Prior 7-Day Average $37.99M
Calls: $27.35M (84%)
Puts: $5.22M (16%)
Current vs Prior 7-Day Avg -6.41%
Calls: +13.75%
Puts: -14.74%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (07/27) 0.28
Prior (07/24) 0.34
Current vs Prior -17.69%
Prior 7-Day Average 0.53
Current vs Prior 7-Day Avg -48.14%
Sentiment BULLISH

Open Interest

Detail
Current (07/27) 1,886,989
Calls: 1,123,296 (60%)
Puts: 763,693 (40%)
Prior (07/24) 1,368,305
Calls: 770,245 (56%)
Puts: 598,060 (44%)
Current vs Prior +37.91%
Prior 7-Day Total 8,794,842
Calls: 5,269,435 (60%)
Puts: 3,525,407 (40%)
Prior 7-Day Average 1,465,807
Calls: 878,239 (60%)
Puts: 587,567 (40%)
Current vs Prior 7-Day Avg +28.73%
Sentiment BEARISH

Expected Move

Detail
Expiry (07/27) | Next (07/29)Expiry (07/31) | Next (08/07)Expiry (08/21) | Next (09/18)
Current 0.62% | 0.99%1.26% | 1.80%2.37% | 3.75%
Prior 0.86% | 1.20%1.44% | 1.95%2.53% | 3.95%
Current vs Prior -28.26% | -17.55%-12.25% | -7.41%-6.32% | -5.20%
Prior 7-Day Avg 0.89% | 1.12%1.05% | 1.64%2.00% | 3.60%
Current vs 7-Day Avg -30.33% | -11.87%+20.84% | +9.96%+18.92% | +3.94%
Prior 7-Day Eod 0.86% | 1.20%1.44% | 1.95%2.53% | 3.95%
Current vs 7-Day Eod -28.26% | -17.55%-12.25% | -7.41%-6.32% | -5.20%
Sentiment BULLISHBULLISHBULLISH

Relative Spread

Detail
Expiry | Next
Current 14.69% | 2.46%
Calls: 9.38% | 2.13%
Puts: 20.00% | 2.78%
Prior 11.37% | 7.00%
Calls: 9.09% | 4.00%
Puts: 13.64% | 10.00%
Current vs Prior +29.20% | -64.86%
Prior 7-Day Avg 10.29% | 12.37%
Calls: 10.69% | 9.11%
Puts: 9.90% | 15.63%
Current vs 7-Day Avg +42.69% | -80.11%
Liquidity Good
+
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🤖 AI Insights

Strong bullish conviction with 87% of dollar volume in calls ($31.10M) vs puts ($4.45M). Extreme bullish P/C ratio of 0.28 - heavy call buying (295,026 calls vs 81,728 puts). Rising open interest (up 38%) indicates new positions being established.

Smart Money BULLISH
Retail Flow BULLISH
Overall BULLISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BULLISH
7-Day Avg BULLISH
Current BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BULLISH
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 329 of results (avg 3.2%, best 0.6%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$70.00Jul 3113.8013.90$13.850.7%141.0040
$70.00Jul 2713.7513.85$13.800.7%1861.00--
$83.00Aug 211.281.29$1.290.8%8680.648.9K
$71.00Jul 2712.7512.85$12.800.8%2031.00--
$72.00Jul 2711.7511.85$11.800.8%2361.002
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$100.00Jul 2716.1516.25$16.200.6%1131.00--
$99.00Jul 2715.1515.25$15.200.7%1581.00--
$98.00Jul 2714.1514.25$14.200.7%691.00--
$97.00Jul 2713.1513.25$13.200.8%501.00--
$95.00Jul 2711.1511.25$11.200.9%711.00--

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 142 found (avg $0.33, cheapest $0.06)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$84.50Jul 290.050.06$0.0616.7%2.4K0.169.1K
$85.00Jul 310.050.06$0.0616.7%8060.1218.6K
$85.50Aug 50.050.06$0.0616.7%8040.09144
$87.50Aug 140.050.06$0.0616.7%360.057.8K
$88.50Aug 210.050.06$0.0616.7%1110.0594
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$82.50Jul 310.050.06$0.0616.7%9980.1114.0K
$81.00Aug 70.050.06$0.0616.7%2490.071.7K
$80.00Aug 140.050.06$0.0616.7%560.061.5K
$79.50Aug 210.050.06$0.0616.7%--0.0511.8K
$78.50Aug 280.050.06$0.0616.7%80.04433

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 255 found (avg delta 0.91, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$72.00Aug 311.8011.95$11.881.3%--1.0047
$73.00Aug 310.8010.95$10.881.4%--1.0061
$74.00Aug 39.809.95$9.881.5%--1.0029
$75.00Aug 38.808.95$8.881.7%--1.0048
$76.00Aug 37.807.90$7.851.3%--1.0041
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$85.00Jul 271.141.25$1.199.2%361.00--
$85.50Jul 271.661.75$1.715.3%51.00--
$86.00Jul 272.152.25$2.204.5%211.00--
$86.50Jul 272.662.75$2.713.3%161.00--
$87.00Jul 273.153.25$3.203.1%221.001

Most actively traded options today. High liquidity = easy entry/exit. 401 active (total vol 376.6K, top 42.6K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$84.00Jul 310.310.32$0.323.1%42.6K0.4335.5K
$80.50Jul 313.303.45$3.384.4%33.4K0.99210
$81.00Jul 312.822.89$2.862.4%24.0K0.97274
$84.00Jul 290.180.19$0.195.3%21.7K0.397.3K
$84.50Aug 50.180.19$0.195.3%15.2K0.241.3K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$83.00Jul 310.110.12$0.128.3%10.9K0.2012.9K
$84.00Jul 290.350.36$0.362.8%6.6K0.611.3K
$83.50Jul 270.000.01$0.01100.0%6.4K0.065.4K
$84.00Jul 310.450.47$0.464.3%5.7K0.5714.5K
$83.50Jul 310.230.24$0.244.2%4.3K0.366.7K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 77 strikes (avg 996.2%, max 2398.4%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$74.00Jul 27Aug 21439.6%17.6%2398.4%50020
$73.00Jul 27Aug 21482.8%19.4%2391.7%30526
$72.00Jul 27Aug 21526.2%21.2%2386.6%23649
$71.00Jul 27Aug 21569.9%23.0%2381.5%20399
$70.00Jul 27Aug 21614.0%24.8%2377.5%186182
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$96.00Jul 27Aug 21469.4%22.3%2002.1%110136
$94.00Jul 27Aug 21404.1%19.4%1988.4%41212
$95.00Jul 27Aug 21437.1%21.0%1985.5%71138
$93.00Jul 27Aug 21370.5%17.9%1967.4%70139
$79.00Jul 27Sep 4226.0%11.2%1913.3%4322

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 69 found (best R:R 4.00, avg 1.72)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$84.50$85.00Aug 7$0.10$0.40$0.104.00$84.60
$85.00$85.50Aug 21$0.11$0.39$0.113.55$85.11
$85.50$86.00Sep 4$0.11$0.39$0.113.55$85.61
$84.00$84.50Jul 29$0.13$0.37$0.132.85$84.13
$84.50$85.00Aug 14$0.13$0.37$0.132.85$84.63
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$82.50$82.00Aug 14$0.10$0.40$0.104.00$82.40
$83.00$82.50Aug 3$0.11$0.39$0.113.55$82.89
$83.00$82.00Aug 10$0.23$0.77$0.233.35$82.77
$83.50$83.00Jul 31$0.12$0.38$0.123.17$83.38
$83.00$82.50Aug 5$0.12$0.38$0.123.17$82.88

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 96 found (best R:R 4.00, avg 1.36)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$82.00$82.50Aug 21$0.40$0.40$0.104.00$82.40
$81.50$82.00Aug 28$0.39$0.39$0.113.55$81.89
$83.00$83.50Jul 31$0.38$0.38$0.123.17$83.38
$83.00$83.50Aug 3$0.38$0.38$0.123.17$83.38
$82.50$83.00Aug 14$0.38$0.38$0.123.17$82.88
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$86.00$85.00Sep 4$0.80$0.80$0.204.00$85.20
$87.00$86.50Sep 4$0.40$0.40$0.104.00$86.60
$85.00$84.50Aug 14$0.38$0.38$0.123.17$84.62
$85.50$85.00Aug 28$0.38$0.38$0.123.17$85.12
$84.50$84.00Jul 29$0.37$0.37$0.132.85$84.13

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 15 found (avg debit $0.20, cheapest $0.06)

CALLS (4)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$83.00Jul 27Jul 29$0.0647.6%11.4%
$74.00Jul 27Aug 3$0.08439.6%33.4%
$83.50Jul 27Jul 29$0.1521.6%10.5%
$84.00Jul 27Jul 29$0.1815.5%10.7%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$83.50Jul 27Jul 29$0.1321.6%10.5%
$84.00Jul 27Jul 29$0.1615.5%10.7%
$93.00Jul 27Aug 7$0.23370.5%23.6%
$94.00Jul 27Aug 21$0.23404.1%19.4%
$95.00Jul 27Aug 7$0.23437.1%27.7%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 221 found (cheapest 0.25% of stock, avg 4.52%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$84.00Jul 27$0.01$0.20$0.21$83.79$84.210.25%
$83.50Jul 27$0.32$0.01$0.33$83.17$83.830.39%
$84.00Jul 29$0.19$0.36$0.55$83.45$84.550.66%
$83.50Jul 29$0.47$0.14$0.61$82.89$84.110.73%
$84.50Jul 27$0.01$0.71$0.72$83.78$85.220.86%
$84.00Jul 31$0.32$0.46$0.78$83.22$84.780.93%
$84.50Jul 29$0.06$0.73$0.79$83.71$85.290.94%
$83.00Jul 27$0.81$0.01$0.82$82.18$83.820.98%
$83.50Jul 31$0.60$0.24$0.84$82.66$84.341.00%
$83.00Jul 29$0.87$0.05$0.92$82.08$83.921.10%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 205 found (cheapest 0.02% of stock, avg 0.75%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$84.00$83.50Jul 27$0.01$0.01$0.02$83.48$84.02
$85.00$83.00Jul 29$0.03$0.05$0.08$82.92$85.08
$85.50$82.00Jul 31$0.04$0.04$0.08$81.92$85.58
$85.50$81.50Aug 3$0.04$0.04$0.08$81.42$85.58
$85.00$82.00Jul 31$0.06$0.04$0.10$81.90$85.10
$85.50$82.50Jul 31$0.04$0.06$0.10$82.40$85.60
$84.50$83.00Jul 29$0.06$0.05$0.11$82.89$84.61
$85.00$81.50Aug 3$0.07$0.04$0.11$81.39$85.11
$85.50$82.00Aug 3$0.04$0.07$0.11$81.89$85.61
$85.00$82.50Jul 31$0.06$0.06$0.12$82.38$85.12

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 15 found (best R:R 3.55, avg credit $0.35)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
82/8384/84Aug 5$0.39$0.113.55$82.61$83.89
82/8284/84Sep 4$0.39$0.113.55$81.61$83.89
82/8284/84Aug 28$0.38$0.123.17$82.12$83.88
82/8284/84Sep 4$0.37$0.132.85$82.13$84.37
82/8384/85Sep 4$0.37$0.132.85$82.63$84.87
83/8484/84Aug 5$0.36$0.142.57$83.14$84.36
83/8485/86Sep 4$0.36$0.142.57$83.14$85.36
82/8284/84Sep 4$0.35$0.152.33$81.65$84.35
82/8284/85Sep 4$0.33$0.171.94$82.17$84.83
82/8385/86Sep 4$0.33$0.171.94$82.67$85.33

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 78 found (best R:R 15.67, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$85.00$86.00$87.00Aug 10$0.06$0.9415.67
$83.50$84.00$84.50Aug 14$0.05$0.459.00
$84.50$85.00$85.50Aug 21$0.05$0.459.00
$79.50$80.00$80.50Aug 28$0.05$0.459.00
$84.00$84.50$85.00Aug 28$0.05$0.459.00
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$89.00$90.00$91.00Aug 21$0.07$0.9313.29
$82.50$83.00$83.50Aug 14$0.05$0.459.00
$83.00$83.50$84.00Aug 21$0.05$0.459.00
$83.00$83.50$84.00Aug 28$0.05$0.459.00
$84.00$84.50$85.00Aug 28$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. 134 found (best net $--, 121 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$73.00$78.001:2Jul 29-$0.83$4.17
$96.00$100.001:2Aug 28$0.00$4.00
$96.00$100.001:2Aug 14-$0.01$3.99
$97.00$100.001:2Jul 31-$0.01$2.99
$97.00$100.001:2Aug 7-$0.01$2.99
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$75.00$70.001:2Aug 28$0.00$5.00
$75.00$70.001:2Jul 31-$0.01$4.99
$75.00$70.001:2Aug 7-$0.01$4.99
$75.00$70.001:2Aug 14-$0.01$4.99
$77.00$75.001:2Jul 31-$0.01$1.99

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 54 found (best yield 1.11%, avg 0.31%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$84.00Sep 4$0.930.430.2%1.11%1.34%77315
$84.00Aug 28$0.870.440.2%1.04%1.26%2.7K7.5K
$84.00Aug 21$0.710.430.2%0.85%1.07%2.7K31.9K
$84.50Sep 4$0.710.360.8%0.85%1.67%707156
$84.50Aug 28$0.650.370.8%0.78%1.60%1.5K8.6K
$84.00Aug 14$0.580.420.2%0.69%0.92%3.6K1.4K
$85.00Sep 4$0.540.301.4%0.64%2.06%127245
$84.50Aug 21$0.510.340.8%0.61%1.43%1711.5K
$85.00Aug 28$0.480.301.4%0.57%1.99%442836
$84.00Aug 10$0.450.400.2%0.54%0.76%1.0K--

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 295,026
Total Puts 81,728
Put/Call Ratio 0.28
Net Difference 213,298

Prior's Put/Call Breakdown

Total Calls 283,548
Total Puts 95,430
Put/Call Ratio 0.34
Net Difference 188,118

Prior 7-Day Put/Call Summary

Total Calls 1,315,797
Total Puts 622,406
Average Put/Call Ratio 0.53
Ratio Trend Falling

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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