TLT - Options Database

TLT

iShares 20+ Year Treasury Bond ETF

$81.73 +1.05%

(9/17 15:00) ◀

Thursday, September 17, 2026 (3:17pm)

▶ (9/17 16:01)

◀ 9/17 15:17 ▶

Option Volume

Detail

ℹ

Current (09/17) 525,455

Calls: 361,554 (69%)

Puts: 163,901 (31%)

Prior (09/16) 804,915

Calls: 572,615 (71%)

Puts: 232,300 (29%)

Current vs Prior -34.72%

Calls: -36.86% (Calls)

Puts: -29.44% (Puts)

Prior 7-Day Total 4,298,280

Calls: 2,583,504 (60%)

Puts: 1,714,776 (40%)

Prior 7-Day Average 716,380

Calls: 369,072 (60%)

Puts: 244,968 (40%)

Current vs Prior 7-Day Avg -26.65%

Calls: -2.04%

Puts: -33.09%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (09/17) $50.25M

Calls: $16.90M (34%)

Puts: $33.35M (66%)

Prior (09/16) $43.67M

Calls: $34.31M (79%)

Puts: $9.36M (21%)

Current vs Prior +15.07%

Calls: -50.75%

Puts: +256.37%

Prior 7-Day Total $356.80M

Calls: $176.51M (49%)

Puts: $180.30M (51%)

Prior 7-Day Average $59.47M

Calls: $25.22M (49%)

Puts: $25.76M (51%)

Current vs Prior 7-Day Avg -15.50%

Calls: -32.99%

Puts: +29.49%

Sentiment BEARISH

Put/Call Ratio

Detail

ℹ

Current (09/17) 0.45

Prior (09/16) 0.41

Current vs Prior +11.74%

Prior 7-Day Average 0.67

Current vs Prior 7-Day Avg -32.32%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (09/17) 4,167,727

Calls: 2,664,673 (64%)

Puts: 1,503,054 (36%)

Prior (09/16) 4,218,800

Calls: 2,620,787 (62%)

Puts: 1,598,013 (38%)

Current vs Prior -1.21%

Prior 7-Day Total 20,928,391

Calls: 12,157,708 (58%)

Puts: 8,770,683 (42%)

Prior 7-Day Average 3,488,065

Calls: 2,026,284 (58%)

Puts: 1,461,780 (42%)

Current vs Prior 7-Day Avg +19.49%

Sentiment BEARISH

Expected Move

Detail

ℹ

3DTEWKMO Expiry (09/18) | Next (09/21)Expiry (09/18) | Next (09/25)Expiry (09/18) | Next (10/16)

Current 0.88% | 1.06%0.88% | 1.53%0.88% | 3.08%

Prior 0.75% | 1.25%1.25% | 1.88%0.75% | 3.51%

Current vs Prior +16.83% | -14.74%-29.44% | -18.60%+16.83% | -12.17%

Prior 7-Day Avg 0.97% | 1.48%1.22% | 1.94%1.42% | 3.62%

Current vs 7-Day Avg -9.27% | -28.13%-28.04% | -21.27%-37.82% | -14.90%

Prior 7-Day Eod 0.75% | 1.25%1.25% | 1.88%0.75% | 3.51%

Current vs 7-Day Eod +16.83% | -14.74%-29.44% | -18.60%+16.83% | -12.17%

Sentiment BEARISHBULLISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 2.78% | 2.30%

Calls: 2.70% | 2.22%

Puts: 2.86% | 2.38%

Prior 6.20% | 2.08%

Calls: 7.14% | 1.61%

Puts: 5.26% | 2.56%

Current vs Prior -55.16% | +10.58%

Prior 7-Day Avg 8.16% | 3.37%

Calls: 9.98% | 3.39%

Puts: 6.33% | 3.35%

Current vs 7-Day Avg -65.92% | -31.75%

Liquidity Good

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🤖 AI Insights

Moderately bearish flow with 66% put dollar volume ($33.35M). Extreme bullish P/C ratio of 0.45 - heavy call buying (361,554 calls vs 163,901 puts). Call-heavy open interest (2,664,673 calls vs 1,503,054 puts) suggests bullish positioning.

Smart Money BEARISH

Retail Flow BULLISH

Overall BULLISH

Dollar Volume

Option Volume

Put/Call Ratio

Open Interest

Expected Move

Current BEARISH

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 311 of results (avg 3.1%, best 0.6%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$81.00	Oct 30	1.66	1.67	$1.67	0.6%	176	0.59	1.8K
$81.00	Oct 16	1.37	1.38	$1.38	0.7%	5.7K	0.61	37.2K
$70.00	Sep 30	11.80	11.90	$11.85	0.8%	--	1.00	185
$70.00	Oct 2	11.80	11.90	$11.85	0.8%	91	1.00	123
$82.00	Oct 30	1.10	1.11	$1.11	0.9%	1.4K	0.45	3.7K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$93.00	Sep 18	11.20	11.30	$11.25	0.9%	22	1.00	15
$98.00	Oct 16	16.35	16.50	$16.43	0.9%	--	0.99	114
$97.00	Oct 16	15.35	15.50	$15.43	1.0%	--	0.99	121
$92.00	Sep 18	10.20	10.30	$10.25	1.0%	11.5K	1.00	4.6K
$96.00	Oct 16	14.35	14.50	$14.43	1.0%	1	0.99	86

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 136 found (avg $0.33, cheapest $0.10)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.00	Sep 18	0.10	0.11	$0.11	9.1%	36.5K	0.32	109.3K
$82.50	Sep 21	0.05	0.06	$0.06	16.7%	426	0.15	12.5K
$82.00	Sep 21	0.18	0.19	$0.19	5.3%	4.6K	0.36	1.5K
$81.50	Sep 18	0.36	0.37	$0.37	2.7%	19.6K	0.70	49.9K
$83.00	Sep 23	0.05	0.06	$0.06	16.7%	1.4K	0.11	9.5K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$81.50	Sep 18	0.09	0.10	$0.10	10.0%	10.0K	0.30	7.7K
$81.00	Sep 21	0.05	0.06	$0.06	16.7%	491	0.15	3.1K
$81.50	Sep 21	0.17	0.18	$0.18	5.6%	823	0.37	1.1K
$82.00	Sep 18	0.34	0.35	$0.35	2.9%	9.5K	0.69	105.8K
$80.50	Sep 23	0.05	0.06	$0.06	16.7%	471	0.11	1.5K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 231 found (avg delta 0.89, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$70.00	Oct 2	11.80	11.90	$11.85	0.8%	91	1.00	123
$71.00	Oct 2	10.80	10.90	$10.85	0.9%	164	1.00	--
$72.00	Oct 2	9.75	9.90	$9.82	1.5%	44	1.00	--
$73.00	Oct 2	8.80	8.95	$8.88	1.7%	1	1.00	--
$76.00	Oct 2	5.80	5.95	$5.88	2.6%	193	1.00	1

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$83.00	Sep 18	1.23	1.27	$1.25	3.2%	22.1K	1.00	16.8K
$83.50	Sep 18	1.70	1.78	$1.74	4.6%	1.9K	1.00	505
$84.00	Sep 18	2.20	2.29	$2.25	4.0%	12.2K	1.00	4.9K
$85.00	Sep 18	3.20	3.30	$3.25	3.1%	8.2K	1.00	3.2K
$86.00	Sep 18	4.20	4.30	$4.25	2.4%	15.1K	1.00	6.0K

Most actively traded options today. High liquidity = easy entry/exit. 441 active (total vol 524.7K, top 55.9K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.00	Oct 16	0.80	0.82	$0.81	2.5%	55.9K	0.43	52.7K
$83.00	Oct 16	0.44	0.45	$0.45	2.2%	54.5K	0.28	151.6K
$82.00	Sep 18	0.10	0.11	$0.11	9.1%	36.5K	0.32	109.3K
$83.00	Oct 23	0.55	0.57	$0.56	3.6%	27.4K	0.31	1.1K
$81.50	Sep 18	0.36	0.37	$0.37	2.7%	19.6K	0.70	49.9K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$83.00	Sep 18	1.23	1.27	$1.25	3.2%	22.1K	1.00	16.8K
$86.00	Sep 18	4.20	4.30	$4.25	2.4%	15.1K	1.00	6.0K
$84.00	Sep 18	2.20	2.29	$2.25	4.0%	12.2K	1.00	4.9K
$92.00	Sep 18	10.20	10.30	$10.25	1.0%	11.5K	1.00	4.6K
$81.50	Sep 18	0.09	0.10	$0.10	10.0%	10.0K	0.30	7.7K

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 25.4%, max 25.4%)

CALLS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$81.50	Sep 18	Oct 23	11.4%	9.1%	25.4%	19.8K	53.2K

PUTS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$81.50	Sep 18	Oct 23	11.4%	9.1%	25.4%	10.1K	8.5K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 75 found (best R:R 1.17, avg 2.09)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$83.00	$83.50	Oct 23	$0.13	$0.37	$0.13	31%	2.85	$83.13
$81.50	$82.00	Sep 18	$0.26	$0.24	$0.26	70%	0.92	$81.76
$83.00	$83.50	Oct 9	$0.10	$0.40	$0.10	25%	4.00	$83.10
$84.00	$85.00	Oct 16	$0.11	$0.89	$0.11	17%	8.09	$84.11
$83.50	$84.00	Oct 23	$0.11	$0.39	$0.11	25%	3.55	$83.61

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$82.00	$81.00	Oct 16	$0.46	$0.54	$0.46	58%	1.17	$81.54
$81.00	$80.00	Oct 30	$0.31	$0.69	$0.31	43%	2.23	$80.69
$82.00	$81.00	Oct 30	$0.46	$0.54	$0.46	56%	1.17	$81.54
$81.00	$80.50	Oct 23	$0.16	$0.34	$0.16	42%	2.12	$80.84
$79.00	$78.00	Oct 30	$0.12	$0.88	$0.12	20%	7.33	$78.88

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 43 found (best R:R 0.72, avg 0.41)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$82.00	$83.00	Oct 30	$0.42	$0.42	$0.58	55%	0.72	$82.42
$82.00	$83.00	Sep 30	$0.33	$0.33	$0.67	56%	0.49	$82.33
$82.00	$82.50	Sep 21	$0.13	$0.13	$0.37	64%	0.35	$82.13
$83.00	$84.00	Sep 30	$0.13	$0.13	$0.87	78%	0.15	$83.13
$82.00	$82.50	Oct 2	$0.20	$0.20	$0.30	59%	0.67	$82.20

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$81.50	$81.00	Sep 21	$0.12	$0.12	$0.38	63%	0.32	$81.38
$81.00	$80.00	Sep 30	$0.18	$0.18	$0.82	70%	0.22	$80.82
$81.00	$80.50	Sep 28	$0.10	$0.10	$0.40	72%	0.25	$80.90
$81.50	$81.00	Sep 23	$0.14	$0.14	$0.36	60%	0.39	$81.36
$81.00	$80.50	Oct 2	$0.15	$0.15	$0.35	63%	0.43	$80.85

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 3 found (avg debit $0.08, cheapest $0.08)

CALLS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$82.00	Sep 18	Sep 21	$0.08	11.6%	8.7%

PUTS (2)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$81.50	Sep 18	Sep 21	$0.08	11.4%	8.1%
$82.00	Sep 18	Sep 21	$0.07	11.6%	8.7%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 191 found (cheapest 0.56% of stock, avg 4.10%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$82.00	Sep 18	$0.11	$0.35	$0.46	$81.54	$82.46	0.56%
$81.50	Sep 18	$0.37	$0.10	$0.47	$81.03	$81.97	0.58%
$82.00	Sep 21	$0.19	$0.42	$0.61	$81.39	$82.61	0.75%
$81.50	Sep 21	$0.45	$0.18	$0.63	$80.87	$82.13	0.77%
$82.50	Sep 18	$0.03	$0.76	$0.79	$81.71	$83.29	0.97%
$82.00	Sep 23	$0.30	$0.51	$0.81	$81.19	$82.81	0.99%
$81.00	Sep 18	$0.79	$0.03	$0.82	$80.18	$81.82	1.00%
$82.50	Sep 21	$0.06	$0.78	$0.84	$81.66	$83.34	1.03%
$81.50	Sep 23	$0.56	$0.28	$0.84	$80.66	$82.34	1.03%
$81.00	Sep 21	$0.85	$0.06	$0.91	$80.09	$81.91	1.11%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 203 found (cheapest 0.07% of stock, avg 0.75%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$83.50	$80.00	Sep 23	$0.03	$0.03	$0.06	$79.94	$83.56
$82.50	$81.00	Sep 18	$0.03	$0.03	$0.06	$80.94	$82.56
$84.00	$79.50	Sep 28	$0.04	$0.05	$0.09	$79.41	$84.09
$83.50	$80.50	Sep 23	$0.03	$0.06	$0.09	$80.41	$83.59
$83.00	$80.00	Sep 23	$0.06	$0.03	$0.09	$79.91	$83.09
$83.50	$79.50	Sep 25	$0.06	$0.04	$0.10	$79.40	$83.60
$82.50	$81.00	Sep 21	$0.06	$0.06	$0.12	$80.88	$82.62
$83.00	$80.50	Sep 23	$0.06	$0.06	$0.12	$80.38	$83.12
$83.50	$80.00	Sep 25	$0.06	$0.06	$0.12	$79.88	$83.62
$84.00	$79.00	Sep 30	$0.07	$0.05	$0.12	$78.88	$84.12

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 14 found (best R:R 1.17, avg credit $0.30)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
80/80	82/83	Oct 9	$0.27	$0.23	36%	1.17	$80.23	$82.77
80/80	84/84	Oct 23	$0.25	$0.25	40%	1.00	$80.25	$83.75
80/80	84/84	Oct 23	$0.21	$0.29	47%	0.72	$79.79	$83.71
80/80	83/84	Oct 23	$0.27	$0.23	35%	1.17	$80.23	$83.27
80/80	83/84	Oct 9	$0.22	$0.28	44%	0.79	$80.28	$83.22
80/80	83/84	Oct 23	$0.23	$0.27	41%	0.85	$79.77	$83.23
80/81	82/83	Sep 28	$0.21	$0.29	43%	0.72	$80.79	$82.71
78/79	84/85	Oct 30	$0.29	$0.71	58%	0.41	$78.71	$84.29
78/79	83/84	Oct 30	$0.39	$0.61	48%	0.64	$78.61	$83.39
79/80	84/85	Oct 30	$0.37	$0.63	48%	0.59	$79.63	$84.37

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 100 found (best R:R 2.12, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$80.00	$81.00	$82.00	Oct 16	$0.16	$0.84	36%	5.25
$79.00	$80.00	$81.00	Oct 30	$0.10	$0.90	26%	9.00
$79.00	$80.00	$81.00	Sep 30	$0.10	$0.90	24%	9.00
$81.00	$81.50	$82.00	Sep 18	$0.16	$0.34	59%	2.12
$80.00	$81.00	$82.00	Sep 30	$0.23	$0.77	43%	3.35

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$81.50	$82.00	$82.50	Sep 18	$0.16	$0.34	64%	2.12
$80.00	$81.00	$82.00	Sep 30	$0.21	$0.79	43%	3.76
$81.00	$81.50	$82.00	Sep 21	$0.12	$0.38	49%	3.17
$81.50	$82.00	$82.50	Sep 21	$0.12	$0.38	49%	3.17
$80.50	$81.00	$81.50	Sep 18	$0.05	$0.45	28%	9.00

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 $-1.91, 120 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$70.00	$75.00	1:2	Sep 30	-$1.91	$3.09
$70.00	$75.00	1:2	Oct 30	-$1.97	$3.03
$80.00	$81.00	1:2	Sep 30	-$0.30	$0.70
$81.00	$81.50	1:2	Sep 21	-$0.05	$0.45
$81.00	$82.00	1:2	Oct 16	-$0.24	$0.76

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$95.00	$90.00	1:2	Oct 23	-$3.47	$1.53
$90.00	$87.00	1:2	Sep 30	-$2.25	$0.75
$87.00	$85.00	1:2	Sep 30	-$1.25	$0.75
$84.00	$83.00	1:2	Sep 23	-$0.27	$0.73
$84.00	$83.00	1:2	Sep 30	-$0.44	$0.56

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 47 found (best yield 1.35%, avg 0.37%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$82.00	Oct 30	$1.10	0.45	0.3%	1.35%	1.68%	1.4K	3.7K
$83.00	Oct 30	$0.68	0.33	1.6%	0.83%	2.39%	264	2.3K
$82.00	Oct 23	$0.94	0.44	0.3%	1.15%	1.48%	809	1.6K
$82.50	Oct 23	$0.73	0.37	0.9%	0.89%	1.84%	553	2.5K
$83.00	Oct 23	$0.55	0.31	1.6%	0.67%	2.23%	27.4K	1.1K
$82.00	Oct 16	$0.80	0.43	0.3%	0.98%	1.31%	55.9K	52.7K
$84.00	Oct 30	$0.41	0.22	2.8%	0.50%	3.28%	841	2.7K
$83.50	Oct 23	$0.42	0.25	2.2%	0.51%	2.68%	503	393
$83.00	Oct 16	$0.44	0.28	1.6%	0.54%	2.09%	54.5K	151.6K
$82.00	Oct 9	$0.66	0.42	0.3%	0.81%	1.14%	729	5.3K

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 361,554

Total Puts 163,901

Put/Call Ratio 0.45

Net Difference 197,653

Prior's Put/Call Breakdown

Total Calls 572,615

Total Puts 232,300

Put/Call Ratio 0.41

Net Difference 340,315

Prior 7-Day Put/Call Summary

Total Calls 2,583,504

Total Puts 1,714,776

Average Put/Call Ratio 0.67

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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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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