Tour v452
TLT
iShares 20+ Year Treasury Bond ETF
$84.25 +0.59%
(7/28 15:00) ◀
|
Tuesday, July 28, 2026 (3:15pm)
January 2026
|
▶ (7/28 16:00)
◀ 7/28 15:15 ▶

Option Volume

Detail
ℹ
Current (07/28) 324,239
Calls: 239,475 (74%)
Puts: 84,764 (26%)
Prior (07/27) 420,199
Calls: 332,890 (79%)
Puts: 87,309 (21%)
Current vs Prior -22.84%
Calls: -28.06% (Calls)
Puts: -2.91% (Puts)
Prior 7-Day Total 1,937,432
Calls: 1,314,363 (68%)
Puts: 623,069 (32%)
Prior 7-Day Average 322,905
Calls: 187,766 (68%)
Puts: 89,009 (32%)
Current vs Prior 7-Day Avg +0.41%
Calls: +27.54%
Puts: -4.77%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (07/28) $16.14M
Calls: $13.82M (86%)
Puts: $2.32M (14%)
Prior (07/27) $38.79M
Calls: $33.81M (87%)
Puts: $4.97M (13%)
Current vs Prior -58.40%
Calls: -59.13%
Puts: -53.40%
Prior 7-Day Total $203.59M
Calls: $165.94M (82%)
Puts: $37.65M (18%)
Prior 7-Day Average $33.93M
Calls: $23.71M (82%)
Puts: $5.38M (18%)
Current vs Prior 7-Day Avg -52.44%
Calls: -41.71%
Puts: -56.91%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/28) 0.35
Prior (07/27) 0.26
Current vs Prior +34.96%
Prior 7-Day Average 0.53
Current vs Prior 7-Day Avg -33.79%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (07/28) 1,976,544
Calls: 1,217,029 (62%)
Puts: 759,515 (38%)
Prior (07/27) 1,489,315
Calls: 881,756 (59%)
Puts: 607,559 (41%)
Current vs Prior +32.71%
Prior 7-Day Total 8,161,205
Calls: 4,759,462 (58%)
Puts: 3,401,743 (42%)
Prior 7-Day Average 1,360,200
Calls: 793,243 (58%)
Puts: 566,957 (42%)
Current vs Prior 7-Day Avg +45.31%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (07/29) | Next (07/31)Expiry (07/31) | Next (08/07)Expiry (08/21) | Next (09/18)
Current 0.87% | 1.15%1.15% | 1.69%2.29% | 3.63%
Prior 0.98% | 1.27%1.27% | 1.80%2.39% | 3.74%
Current vs Prior -11.50% | -9.03%-9.04% | -6.52%-4.07% | -2.82%
Prior 7-Day Avg 0.91% | 1.16%1.15% | 1.73%2.28% | 3.73%
Current vs 7-Day Avg -4.55% | -0.33%+0.36% | -2.46%+0.28% | -2.69%
Prior 7-Day Eod 0.98% | 1.27%1.27% | 1.80%2.39% | 3.74%
Current vs 7-Day Eod -11.50% | -9.03%-9.04% | -6.52%-4.07% | -2.82%
Sentiment BULLISHBULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 2.74% | 2.06%
Calls: 2.70% | 1.96%
Puts: 2.78% | 2.17%
Prior 2.44% | 1.89%
Calls: 2.44% | 1.82%
Puts: 2.44% | 1.96%
Current vs Prior +12.30% | +8.99%
Prior 7-Day Avg 9.16% | 11.87%
Calls: 10.30% | 8.37%
Puts: 8.02% | 15.37%
Current vs 7-Day Avg -70.09% | -82.64%
Liquidity Good
+
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🤖 AI Insights

Strong bullish conviction with 86% of dollar volume in calls ($13.82M) vs puts ($2.32M). Light premium activity with dollar volume down 58% vs prior. Extreme bullish P/C ratio of 0.35 - heavy call buying (239,475 calls vs 84,764 puts). P/C ratio rising 35% - increased hedging/bearish positioning.

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 318 of results (avg 3.0%, best 0.7%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$70.00Jul 3114.2014.30$14.250.7%--1.0042
$83.50Aug 281.351.36$1.360.7%1190.621.1K
$72.00Aug 312.2012.30$12.250.8%--1.0047
$73.00Aug 311.2011.30$11.250.9%--1.0061
$84.00Aug 281.051.06$1.060.9%6.3K0.517.5K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$93.50Aug 79.509.60$9.551.0%--0.9979
$84.50Aug 140.930.94$0.941.1%780.61908
$93.00Aug 79.009.10$9.051.1%--0.9949
$93.00Aug 149.009.10$9.051.1%20.9941
$85.50Aug 281.761.78$1.771.1%1260.72432

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 150 found (avg $0.32, cheapest $0.06)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$85.50Aug 30.050.06$0.0616.7%5820.10880
$86.00Aug 50.050.06$0.0616.7%520.09628
$87.00Aug 100.050.06$0.0616.7%200.072.5K
$88.00Aug 140.050.06$0.0616.7%30.055.1K
$88.50Aug 210.050.06$0.0616.7%180.05175
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$82.50Aug 30.050.06$0.0616.7%1890.102.1K
$81.00Aug 120.050.06$0.0616.7%3140.06--
$80.00Aug 210.050.06$0.0616.7%5980.0560.2K
$79.00Aug 280.050.06$0.0616.7%--0.04620
$78.00Sep 40.050.06$0.0616.7%10.04326

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 239 found (avg delta 0.89, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$72.00Aug 312.2012.30$12.250.8%--1.0047
$73.00Aug 311.2011.30$11.250.9%--1.0061
$74.00Aug 310.2010.30$10.251.0%--1.0029
$75.00Aug 39.209.30$9.251.1%--1.0048
$76.00Aug 38.208.30$8.251.2%--1.0041
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$86.00Jul 291.741.79$1.772.8%71.00--
$86.50Jul 292.242.29$2.272.2%51.003
$88.00Jul 293.703.85$3.784.0%71.00--
$87.50Jul 313.203.35$3.284.6%--1.0010
$95.00Aug 710.9511.10$11.021.4%--0.9910

Most actively traded options today. High liquidity = easy entry/exit. 387 active (total vol 324.2K, top 33.2K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$84.00Jul 290.360.37$0.372.7%33.2K0.698.9K
$85.00Jul 290.030.04$0.0425.0%21.6K0.1213.8K
$85.00Jul 310.090.10$0.1010.0%19.0K0.2018.5K
$84.50Jul 310.230.24$0.244.2%13.8K0.3910.2K
$84.50Aug 140.510.52$0.521.9%11.0K0.401.2K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$83.50Jul 290.030.04$0.0425.0%23.7K0.124.2K
$84.00Jul 310.210.22$0.224.5%10.2K0.3713.9K
$84.00Aug 50.450.47$0.464.3%5.6K0.49558
$80.00Aug 50.000.01$0.01100.0%4.5K0.011.2K
$84.00Jul 290.100.11$0.119.1%4.5K0.316.7K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 74 strikes (avg 158.7%, max 394.8%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$75.00Jul 29Aug 2183.4%16.9%394.8%30113
$74.00Jul 29Aug 2192.1%18.7%393.3%32431
$73.00Jul 29Aug 21100.7%20.5%392.1%13568
$72.00Jul 29Aug 21109.5%22.3%391.0%55598
$71.00Jul 29Aug 21118.3%24.1%390.2%540105
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$79.00Jul 29Sep 449.2%11.8%316.6%25429
$80.00Jul 29Sep 440.6%10.8%277.6%51.9K
$80.50Jul 29Sep 436.3%10.2%253.9%334.6K
$70.00Jul 31Aug 2874.4%22.9%225.5%--645
$81.00Jul 29Sep 431.9%10.1%216.2%365.5K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 72 found (best R:R 5.67, avg 1.73)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$85.00$86.00Aug 12$0.16$0.84$0.165.25$85.16
$85.00$85.50Aug 14$0.11$0.39$0.113.55$85.11
$85.50$86.00Aug 28$0.12$0.38$0.123.17$85.62
$85.50$86.00Sep 4$0.13$0.37$0.132.85$85.63
$84.50$85.00Jul 31$0.14$0.36$0.142.57$84.64
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$83.00$82.00Aug 12$0.15$0.85$0.155.67$82.85
$83.50$83.00Aug 3$0.11$0.39$0.113.55$83.39
$83.00$82.50Aug 14$0.11$0.39$0.113.55$82.89
$84.00$83.50Jul 31$0.12$0.38$0.123.17$83.88
$83.50$83.00Aug 5$0.12$0.38$0.123.17$83.38

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 96 found (best R:R 88.29, avg 2.31)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$82.00$82.50Sep 4$0.39$0.39$0.113.55$82.39
$83.50$84.00Aug 3$0.38$0.38$0.123.17$83.88
$82.50$83.00Aug 21$0.38$0.38$0.123.17$82.88
$83.50$84.00Jul 31$0.37$0.37$0.132.85$83.87
$83.00$83.50Aug 14$0.37$0.37$0.132.85$83.37
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$100.00$87.50Sep 4$12.36$12.36$0.1488.29$87.64
$87.50$86.00Sep 4$1.34$1.34$0.168.38$86.16
$85.50$85.00Aug 14$0.40$0.40$0.104.00$85.10
$86.00$85.50Aug 28$0.40$0.40$0.104.00$85.60
$85.00$84.50Aug 5$0.39$0.39$0.113.55$84.61

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 13 found (avg debit $0.12, cheapest $0.06)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$80.50Jul 29Jul 31$0.0636.3%21.3%
$82.50Jul 29Jul 31$0.0618.5%14.4%
$85.00Jul 29Jul 31$0.0613.9%11.2%
$83.00Jul 29Jul 31$0.0716.9%12.8%
$81.00Jul 29Jul 31$0.0831.9%18.7%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$83.50Jul 29Jul 31$0.0614.0%11.6%
$84.50Jul 29Jul 31$0.1011.5%11.1%
$84.00Jul 29Jul 31$0.1111.5%10.8%
$88.00Jul 29Aug 3$0.2734.7%15.1%
$87.50Jul 31Aug 7$0.2717.9%14.3%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 215 found (cheapest 0.56% of stock, avg 4.63%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$84.50Jul 29$0.11$0.36$0.47$84.03$84.970.56%
$84.00Jul 29$0.37$0.11$0.48$83.52$84.480.57%
$84.50Jul 31$0.24$0.46$0.70$83.80$85.200.83%
$84.00Jul 31$0.51$0.22$0.73$83.27$84.730.87%
$83.50Jul 29$0.78$0.04$0.82$82.68$84.320.97%
$85.00Jul 29$0.04$0.80$0.84$84.16$85.841.00%
$84.00Aug 3$0.51$0.40$0.91$83.09$84.911.08%
$85.00Jul 31$0.10$0.83$0.93$84.07$85.931.10%
$84.50Aug 3$0.25$0.71$0.96$83.54$85.461.14%
$83.50Jul 31$0.88$0.10$0.98$82.52$84.481.16%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 215 found (cheapest 0.07% of stock, avg 0.65%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$86.00$82.50Jul 31$0.03$0.03$0.06$82.44$86.06
$85.00$83.50Jul 29$0.04$0.04$0.08$83.42$85.08
$85.50$82.50Jul 31$0.05$0.03$0.08$82.42$85.58
$86.00$83.00Jul 31$0.03$0.05$0.08$82.92$86.08
$85.50$83.00Jul 31$0.05$0.05$0.10$82.90$85.60
$86.00$82.50Aug 3$0.04$0.06$0.10$82.40$86.10
$86.50$82.00Aug 5$0.05$0.05$0.10$81.90$86.60
$86.00$82.00Aug 5$0.06$0.05$0.11$81.89$86.11
$85.50$82.50Aug 3$0.06$0.06$0.12$82.38$85.62
$86.50$81.50Aug 7$0.07$0.05$0.12$81.38$86.62

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 10 found (best R:R 3.55, avg credit $0.37)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
83/8484/84Aug 10$0.39$0.113.55$83.11$84.39
82/8284/84Sep 4$0.38$0.123.17$82.12$84.38
83/8484/84Aug 5$0.37$0.132.85$83.13$84.37
84/8484/85Aug 10$0.35$0.152.33$83.65$84.85
84/8484/85Aug 5$0.33$0.171.94$83.67$84.83
83/8484/85Aug 10$0.29$0.211.38$83.21$84.79
82/8384/85Aug 12$0.55$0.451.22$82.45$84.55
83/8484/85Aug 5$0.26$0.241.08$83.24$84.76
83/8485/86Aug 12$0.51$0.491.04$83.49$85.51
82/8385/86Aug 12$0.31$0.690.45$82.69$85.31

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 89 found (best R:R 19.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$75.00$76.00$77.00Aug 14$0.05$0.9519.00
$81.00$82.00$83.00Aug 12$0.06$0.9415.67
$78.00$79.00$80.00Aug 14$0.06$0.9415.67
$84.50$85.00$85.50Jul 29$0.05$0.459.00
$85.00$86.00$87.00Aug 12$0.10$0.909.00
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$81.00$82.00$83.00Aug 12$0.09$0.9110.11
$83.00$83.50$84.00Jul 29$0.05$0.459.00
$82.50$83.00$83.50Aug 5$0.05$0.459.00
$83.00$83.50$84.00Aug 14$0.05$0.459.00
$85.00$85.50$86.00Aug 14$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. 137 found (best net $--, 129 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$96.00$100.001:2Aug 14-$0.01$3.99
$93.00$97.001:2Sep 4-$0.01$3.99
$76.00$80.001:2Aug 3-$0.31$3.69
$97.00$100.001:2Aug 28$0.00$3.00
$97.00$100.001:2Jul 31-$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. 55 found (best yield 1.01%, avg 0.28%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$84.50Sep 4$0.850.420.3%1.01%1.31%12863
$84.50Aug 28$0.790.430.3%0.94%1.23%3.4K8.2K
$84.50Aug 21$0.650.420.3%0.77%1.07%1.3K1.5K
$85.00Sep 4$0.640.350.9%0.76%1.65%91382
$85.00Aug 28$0.580.350.9%0.69%1.58%620949
$84.50Aug 14$0.510.400.3%0.61%0.90%11.0K1.2K
$85.50Sep 4$0.480.281.5%0.57%2.05%8667
$85.00Aug 21$0.450.330.9%0.53%1.42%8.1K63.8K
$85.50Aug 28$0.420.281.5%0.50%1.98%394.5K
$84.50Aug 10$0.370.380.3%0.44%0.74%802--

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 239,475
Total Puts 84,764
Put/Call Ratio 0.35
Net Difference 154,711

Prior's Put/Call Breakdown

Total Calls 332,890
Total Puts 87,309
Put/Call Ratio 0.26
Net Difference 245,581

Prior 7-Day Put/Call Summary

Total Calls 1,314,363
Total Puts 623,069
Average Put/Call Ratio 0.53
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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