TLT - Options Database

TLT

iShares 20+ Year Treasury Bond ETF

$80.94 +0.29%

(9/16 15:01) ◀

Wednesday, September 16, 2026 (3:18pm)

▶ (9/16 15:24)

◀ 9/16 15:18 ▶

Option Volume

Detail

ℹ

Current (09/16) 785,189

Calls: 559,443 (71%)

Puts: 225,746 (29%)

Prior (09/15) 545,535

Calls: 348,841 (64%)

Puts: 196,694 (36%)

Current vs Prior +43.93%

Calls: +60.37% (Calls)

Puts: +14.77% (Puts)

Prior 7-Day Total 4,013,692

Calls: 2,354,645 (59%)

Puts: 1,659,047 (41%)

Prior 7-Day Average 573,384

Calls: 336,377 (59%)

Puts: 237,006 (41%)

Current vs Prior 7-Day Avg +36.94%

Calls: +66.31%

Puts: -4.75%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (09/16) $43.20M

Calls: $34.45M (80%)

Puts: $8.76M (20%)

Prior (09/15) $74.18M

Calls: $39.66M (53%)

Puts: $34.52M (47%)

Current vs Prior -41.76%

Calls: -13.15%

Puts: -74.64%

Prior 7-Day Total $351.43M

Calls: $166.77M (47%)

Puts: $184.66M (53%)

Prior 7-Day Average $50.20M

Calls: $23.82M (47%)

Puts: $26.38M (53%)

Current vs Prior 7-Day Avg -13.94%

Calls: +44.59%

Puts: -66.80%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (09/16) 0.40

Prior (09/15) 0.56

Current vs Prior -28.44%

Prior 7-Day Average 0.66

Current vs Prior 7-Day Avg -39.31%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (09/16) 4,218,800

Calls: 2,620,787 (62%)

Puts: 1,598,013 (38%)

Prior (09/15) 3,281,401

Calls: 1,867,551 (57%)

Puts: 1,413,850 (43%)

Current vs Prior +28.57%

Prior 7-Day Total 23,959,520

Calls: 13,852,695 (58%)

Puts: 10,106,825 (42%)

Prior 7-Day Average 3,422,788

Calls: 1,978,956 (58%)

Puts: 1,443,832 (42%)

Current vs Prior 7-Day Avg +23.26%

Sentiment BEARISH

Expected Move

Detail

ℹ

3DTEWKMO Expiry (09/16) | Next (09/18)Expiry (09/18) | Next (09/25)Expiry (09/16) | Next (10/16)

Current 0.79% | 1.26%1.26% | 1.87%0.79% | 3.50%

Prior 1.18% | 1.62%1.62% | 2.22%1.18% | 3.77%

Current vs Prior -32.82% | -22.36%-22.36% | -15.88%-32.83% | -7.17%

Prior 7-Day Avg 1.00% | 1.49%1.23% | 1.93%1.63% | 3.63%

Current vs 7-Day Avg -20.56% | -15.31%+2.37% | -3.41%-51.36% | -3.63%

Prior 7-Day Eod 0.97% | 1.39%1.62% | 2.22%1.18% | 3.77%

Current vs 7-Day Eod -18.76% | -9.48%-22.36% | -15.88%-32.83% | -7.17%

Sentiment BULLISHBULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 10.38% | 3.54%

Calls: 14.89% | 1.52%

Puts: 5.88% | 5.56%

Prior 3.12% | 5.42%

Calls: 2.08% | 4.48%

Puts: 4.17% | 6.35%

Current vs Prior +232.69% | -34.69%

Prior 7-Day Avg 6.86% | 3.51%

Calls: 9.29% | 3.76%

Puts: 5.87% | 3.55%

Current vs 7-Day Avg +51.22% | +0.85%

Liquidity Acceptable

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🤖 AI Insights

Strong bullish conviction with 80% of dollar volume in calls ($34.45M) vs puts ($8.76M). Extreme bullish P/C ratio of 0.40 - heavy call buying (559,443 calls vs 225,746 puts). P/C ratio dropping 28% - sentiment shifting bullish. Call-heavy open interest (2,620,787 calls vs 1,598,013 puts) suggests bullish 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 BEARISH

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

🎯

Tightest Spreads

💰

Best Value <$1

📊

High Delta

⚖️

Ratio Spreads

🛡️

Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 361 of results (avg 3.1%, best 0.6%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$68.00	Sep 16	12.90	13.00	$12.95	0.8%	63	1.00	23
$69.00	Sep 16	11.90	12.00	$11.95	0.8%	63	1.00	23
$70.00	Sep 16	10.90	11.00	$10.95	0.9%	64	1.00	42
$79.50	Oct 23	2.16	2.18	$2.17	0.9%	141	0.69	230
$65.00	Sep 30	16.00	16.15	$16.08	0.9%	--	1.00	73

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$97.00	Sep 16	16.00	16.10	$16.05	0.6%	126	1.00	--
$96.00	Sep 16	15.00	15.10	$15.05	0.7%	84	1.00	--
$95.00	Sep 16	14.00	14.10	$14.05	0.7%	42	1.00	--
$94.00	Sep 16	13.00	13.10	$13.05	0.8%	52	1.00	--
$93.00	Sep 16	12.00	12.10	$12.05	0.8%	51	1.00	--

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 156 found (avg $0.34, cheapest $0.11)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$81.00	Sep 16	0.10	0.11	$0.11	9.1%	28.7K	0.43	10.8K
$82.00	Sep 18	0.06	0.07	$0.07	14.3%	58.6K	0.14	109.4K
$80.50	Sep 16	0.43	0.50	$0.47	14.9%	459	0.90	1.0K
$81.50	Sep 18	0.15	0.16	$0.16	6.3%	43.5K	0.28	40.2K
$82.50	Sep 21	0.05	0.06	$0.06	16.7%	9.1K	0.10	5.1K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$81.00	Sep 16	0.16	0.17	$0.17	5.9%	21.1K	0.57	6.4K
$80.00	Sep 18	0.07	0.08	$0.08	12.5%	26.7K	0.15	65.8K
$80.50	Sep 18	0.17	0.18	$0.18	5.6%	16.2K	0.30	13.8K
$79.50	Sep 21	0.05	0.06	$0.06	16.7%	75	0.10	229
$81.50	Sep 16	0.53	0.60	$0.56	12.5%	2.1K	0.92	2.1K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 264 found (avg delta 0.89, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$68.00	Sep 16	12.90	13.00	$12.95	0.8%	63	1.00	23
$69.00	Sep 16	11.90	12.00	$11.95	0.8%	63	1.00	23
$70.00	Sep 16	10.90	11.00	$10.95	0.9%	64	1.00	42
$71.00	Sep 16	9.90	10.00	$9.95	1.0%	56	1.00	22
$72.00	Sep 16	8.90	9.00	$8.95	1.1%	27	1.00	49

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$84.00	Sep 18	3.00	3.10	$3.05	3.3%	83	1.00	5.7K
$85.00	Sep 18	4.00	4.10	$4.05	2.5%	267	1.00	3.9K
$86.00	Sep 18	5.00	5.10	$5.05	2.0%	21	1.00	6.0K
$87.00	Sep 18	6.00	6.10	$6.05	1.7%	153	1.00	3.1K
$88.00	Sep 18	7.00	7.10	$7.05	1.4%	6	1.00	5

Most actively traded options today. High liquidity = easy entry/exit. 463 active (total vol 782.1K, top 58.6K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.00	Sep 18	0.06	0.07	$0.07	14.3%	58.6K	0.14	109.4K
$81.50	Sep 16	0.01	0.02	$0.02	50.0%	46.2K	0.08	7.6K
$82.00	Sep 16	0.00	0.01	$0.01	100.0%	45.9K	0.03	4.3K
$81.50	Sep 18	0.15	0.16	$0.16	6.3%	43.5K	0.28	40.2K
$83.00	Oct 16	0.35	0.37	$0.36	5.6%	33.5K	0.22	125.8K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$80.00	Sep 16	0.00	0.01	$0.01	100.0%	32.6K	0.03	6.7K
$80.00	Sep 18	0.07	0.08	$0.08	12.5%	26.7K	0.15	65.8K
$80.50	Sep 16	0.01	0.02	$0.02	50.0%	23.3K	0.10	9.2K
$81.00	Sep 16	0.16	0.17	$0.17	5.9%	21.1K	0.57	6.4K
$81.00	Sep 18	0.35	0.37	$0.36	5.6%	18.3K	0.52	78.1K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 2 strikes (avg 288.2%, max 288.2%)

CALLS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$81.00	Sep 16	Oct 30	39.9%	10.3%	288.2%	30.2K	12.5K

PUTS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$81.00	Sep 16	Oct 30	39.9%	10.3%	288.2%	22.1K	9.5K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 91 found (best R:R 1.38, avg 2.02)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$83.00	$84.00	Oct 16	$0.15	$0.85	$0.15	22%	5.67	$83.15
$82.50	$83.00	Oct 23	$0.13	$0.37	$0.13	30%	2.85	$82.63
$80.50	$81.00	Sep 18	$0.31	$0.19	$0.31	70%	0.61	$80.81
$80.50	$81.00	Sep 21	$0.30	$0.20	$0.30	67%	0.67	$80.80
$80.50	$81.00	Sep 25	$0.29	$0.21	$0.29	63%	0.72	$80.79

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$81.00	$80.00	Oct 30	$0.42	$0.58	$0.42	54%	1.38	$80.58
$80.50	$80.00	Oct 23	$0.18	$0.32	$0.18	47%	1.78	$80.32
$81.00	$80.00	Oct 16	$0.42	$0.58	$0.42	53%	1.38	$80.58
$80.00	$79.00	Oct 30	$0.30	$0.70	$0.30	40%	2.33	$79.70
$79.00	$78.00	Oct 30	$0.20	$0.80	$0.20	29%	4.00	$78.80

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 53 found (best R:R 0.72, avg 0.46)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$81.00	$82.00	Sep 30	$0.42	$0.42	$0.58	51%	0.72	$81.42
$81.00	$82.00	Oct 16	$0.43	$0.43	$0.57	53%	0.75	$81.43
$82.00	$83.00	Oct 16	$0.29	$0.29	$0.71	66%	0.41	$82.29
$81.00	$82.00	Oct 30	$0.45	$0.45	$0.55	53%	0.82	$81.45
$82.00	$83.00	Oct 30	$0.34	$0.34	$0.66	63%	0.52	$82.34

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$80.00	$79.00	Sep 30	$0.18	$0.18	$0.82	71%	0.22	$79.82
$80.50	$80.00	Sep 25	$0.15	$0.15	$0.35	63%	0.43	$80.35
$80.00	$79.50	Sep 28	$0.10	$0.10	$0.40	73%	0.25	$79.90
$80.50	$80.00	Sep 21	$0.11	$0.11	$0.39	67%	0.28	$80.39
$78.00	$77.00	Oct 16	$0.11	$0.11	$0.89	83%	0.12	$77.89

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $0.21, cheapest $0.19)

CALLS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$81.00	Sep 16	Sep 18	$0.24	39.9%	15.1%

PUTS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$81.00	Sep 16	Sep 18	$0.19	39.9%	15.1%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 209 found (cheapest 0.35% of stock, avg 4.28%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$81.00	Sep 16	$0.11	$0.17	$0.28	$80.72	$81.28	0.35%
$80.50	Sep 16	$0.47	$0.02	$0.49	$80.01	$80.99	0.61%
$81.50	Sep 16	$0.02	$0.56	$0.58	$80.92	$82.08	0.72%
$81.00	Sep 18	$0.35	$0.36	$0.71	$80.29	$81.71	0.88%
$80.50	Sep 18	$0.66	$0.18	$0.84	$79.66	$81.34	1.04%
$81.50	Sep 18	$0.16	$0.68	$0.84	$80.66	$82.34	1.04%
$81.00	Sep 21	$0.42	$0.42	$0.84	$80.16	$81.84	1.04%
$81.50	Sep 21	$0.22	$0.72	$0.94	$80.56	$82.44	1.16%
$80.50	Sep 21	$0.72	$0.23	$0.95	$79.55	$81.45	1.17%
$80.00	Sep 16	$0.95	$0.01	$0.96	$79.04	$80.96	1.19%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 236 found (cheapest 0.05% of stock, avg 0.95%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$81.50	$80.50	Sep 16	$0.02	$0.02	$0.04	$80.46	$81.54
$82.50	$79.50	Sep 18	$0.04	$0.04	$0.08	$79.42	$82.58
$83.00	$79.50	Sep 21	$0.04	$0.06	$0.10	$79.40	$83.10
$82.00	$79.50	Sep 18	$0.07	$0.04	$0.11	$79.39	$82.11
$83.00	$79.00	Sep 23	$0.06	$0.06	$0.12	$78.88	$83.12
$82.50	$79.50	Sep 21	$0.06	$0.06	$0.12	$79.38	$82.62
$82.50	$80.00	Sep 18	$0.04	$0.08	$0.12	$79.88	$82.62
$84.00	$78.00	Sep 30	$0.07	$0.07	$0.14	$77.86	$84.14
$82.00	$80.00	Sep 18	$0.07	$0.08	$0.15	$79.85	$82.15
$83.00	$78.50	Sep 25	$0.10	$0.05	$0.15	$78.35	$83.15

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 18 found (best R:R 0.79, avg credit $0.30)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
78/79	83/84	Oct 23	$0.22	$0.28	48%	0.79	$78.78	$83.22
79/80	82/82	Oct 9	$0.26	$0.24	39%	1.08	$79.24	$82.26
78/79	82/83	Oct 23	$0.24	$0.26	43%	0.92	$78.76	$82.74
79/80	82/82	Oct 2	$0.23	$0.27	44%	0.85	$79.27	$82.23
79/80	83/84	Oct 23	$0.24	$0.26	42%	0.92	$79.26	$83.24
80/80	82/82	Oct 2	$0.27	$0.23	36%	1.17	$79.73	$82.27
79/80	82/83	Oct 23	$0.26	$0.24	37%	1.08	$79.24	$82.76
80/80	82/82	Sep 28	$0.21	$0.29	46%	0.72	$79.79	$82.21
80/80	82/82	Sep 21	$0.22	$0.28	36%	0.79	$80.28	$81.72
77/78	82/83	Oct 16	$0.40	$0.60	50%	0.67	$77.60	$82.40

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 111 found (best R:R 70.43, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$79.00	$80.00	$81.00	Oct 16	$0.12	$0.88	30%	7.33
$80.50	$81.00	$81.50	Sep 16	$0.27	$0.23	82%	0.85
$80.00	$80.50	$81.00	Sep 16	$0.12	$0.38	52%	3.17
$81.00	$81.50	$82.00	Sep 16	$0.08	$0.42	40%	5.25
$78.00	$79.00	$80.00	Oct 16	$0.10	$0.90	25%	9.00

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$65.00	$70.00	$75.00	Oct 30	$0.07	$4.93	6%	70.43
$80.50	$81.00	$81.50	Sep 16	$0.24	$0.26	82%	1.08
$79.00	$80.00	$81.00	Sep 30	$0.17	$0.83	36%	4.88
$80.00	$80.50	$81.00	Sep 16	$0.14	$0.36	54%	2.57
$80.00	$80.50	$81.00	Sep 18	$0.08	$0.42	37%	5.25

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 159 found (best net $-1.12, 148 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$70.00	$75.00	1:2	Sep 30	-$1.12	$3.88
$70.00	$75.00	1:2	Oct 30	-$1.30	$3.70
$76.00	$78.00	1:2	Sep 21	-$1.02	$0.98
$76.00	$78.00	1:2	Sep 23	-$1.07	$0.93
$70.00	$74.00	1:2	Oct 16	-$3.12	$0.88

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$92.00	$87.00	1:2	Oct 23	-$1.20	$3.80
$83.00	$82.00	1:2	Sep 21	-$0.20	$0.80
$83.00	$82.00	1:2	Sep 23	-$0.27	$0.73
$82.00	$81.00	1:2	Sep 30	-$0.07	$0.93
$82.00	$81.50	1:2	Sep 16	-$0.06	$0.44

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 68 found (best yield 1.69%, avg 0.44%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$81.00	Oct 30	$1.37	0.47	0.1%	1.69%	1.77%	1.4K	1.7K
$82.00	Oct 30	$0.92	0.37	1.3%	1.14%	2.45%	1.8K	1.5K
$81.00	Oct 23	$1.21	0.47	0.1%	1.49%	1.57%	347	1.4K
$81.50	Oct 23	$0.97	0.41	0.7%	1.20%	1.89%	1.1K	2.8K
$83.00	Oct 30	$0.58	0.27	2.5%	0.72%	3.26%	687	2.1K
$82.00	Oct 23	$0.76	0.35	1.3%	0.94%	2.25%	118	1.6K
$81.00	Oct 16	$1.07	0.47	0.1%	1.32%	1.40%	7.2K	37.5K
$82.50	Oct 23	$0.59	0.30	1.9%	0.73%	2.66%	1.2K	1.3K
$82.00	Oct 16	$0.64	0.34	1.3%	0.79%	2.10%	20.6K	44.1K
$83.00	Oct 23	$0.46	0.24	2.5%	0.57%	3.11%	153	1.1K

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 559,443

Total Puts 225,746

Put/Call Ratio 0.40

Net Difference 333,697

Prior's Put/Call Breakdown

Total Calls 348,841

Total Puts 196,694

Put/Call Ratio 0.56

Net Difference 152,147

Prior 7-Day Put/Call Summary

Total Calls 2,354,645

Total Puts 1,659,047

Average Put/Call Ratio 0.66

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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Option Volume

Dollar Volume

Put/Call Ratio

Open Interest

Expected Move

Relative Spread

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📈 Options Analysis

Current 5-Minute Volume Snapshots

Prior's 5-Minute Volume Snapshots

Current Put/Call Breakdown

Prior's Put/Call Breakdown

Prior 7-Day Put/Call Summary

Daily Put/Call History (Last 7 Days)

Upcoming Earnings - 2 Weeks Prior

Upcoming Earnings - 1 Week Prior

Earnings This Week

Earnings - Day Before / Day After

Options Activity Around Earnings

Chart Title

Price — Past 7 Days

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