TLT - Options Database

TLT

iShares 20+ Year Treasury Bond ETF

$81.17 -0.75%

(9/18 15:00) ◀

Friday, September 18, 2026 (3:25pm)

▶ (9/18 16:00)

◀ 9/18 15:25 ▶

Option Volume

Detail

ℹ

Current (09/18) 393,848

Calls: 194,738 (49%)

Puts: 199,110 (51%)

Prior (09/17) 525,455

Calls: 361,554 (69%)

Puts: 163,901 (31%)

Current vs Prior -25.05%

Calls: -46.14% (Calls)

Puts: +21.48% (Puts)

Prior 7-Day Total 4,823,735

Calls: 2,945,058 (61%)

Puts: 1,878,677 (39%)

Prior 7-Day Average 689,105

Calls: 420,722 (61%)

Puts: 268,382 (39%)

Current vs Prior 7-Day Avg -42.85%

Calls: -53.71%

Puts: -25.81%

Sentiment BEARISH

Dollar Volume

Detail

ℹ

Current (09/18) $15.82M

Calls: $7.53M (48%)

Puts: $8.29M (52%)

Prior (09/17) $50.25M

Calls: $16.90M (34%)

Puts: $33.35M (66%)

Current vs Prior -68.52%

Calls: -55.43%

Puts: -75.15%

Prior 7-Day Total $407.06M

Calls: $193.41M (48%)

Puts: $213.65M (52%)

Prior 7-Day Average $58.15M

Calls: $27.63M (48%)

Puts: $30.52M (52%)

Current vs Prior 7-Day Avg -72.79%

Calls: -72.74%

Puts: -72.84%

Sentiment BEARISH

Put/Call Ratio

Detail

ℹ

Current (09/18) 1.02

Prior (09/17) 0.45

Current vs Prior +125.55%

Prior 7-Day Average 0.64

Current vs Prior 7-Day Avg +60.06%

Sentiment BEARISH

Open Interest

Detail

ℹ

Current (09/18) 4,307,168

Calls: 2,809,593 (65%)

Puts: 1,497,575 (35%)

Prior (09/17) 4,167,727

Calls: 2,664,673 (64%)

Puts: 1,503,054 (36%)

Current vs Prior +3.35%

Prior 7-Day Total 25,096,118

Calls: 14,822,381 (59%)

Puts: 10,273,737 (41%)

Prior 7-Day Average 3,585,159

Calls: 2,117,483 (59%)

Puts: 1,467,676 (41%)

Current vs Prior 7-Day Avg +20.14%

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 0.65% | 0.89%0.65% | 1.48%0.65% | 3.18%

Prior 0.88% | 1.06%0.88% | 1.53%0.88% | 3.08%

Current vs Prior -25.88% | -16.67%-25.87% | -3.33%-25.87% | +3.09%

Prior 7-Day Avg 0.96% | 1.42%1.18% | 1.88%1.34% | 3.55%

Current vs 7-Day Avg -31.85% | -37.60%-44.43% | -21.51%-51.28% | -10.37%

Prior 7-Day Eod 0.88% | 1.06%0.88% | 1.53%0.88% | 3.08%

Current vs 7-Day Eod -25.88% | -16.67%-25.87% | -3.33%-25.87% | +3.09%

Sentiment BULLISHBULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 12.57% | 4.06%

Calls: 9.52% | 3.13%

Puts: 15.63% | 5.00%

Prior 2.78% | 2.30%

Calls: 2.70% | 2.22%

Puts: 2.86% | 2.38%

Current vs Prior +352.16% | +76.52%

Prior 7-Day Avg 7.39% | 3.22%

Calls: 8.94% | 3.22%

Puts: 5.84% | 3.21%

Current vs 7-Day Avg +70.09% | +26.20%

Liquidity Acceptable

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Light premium activity with dollar volume down 69% vs prior. Slightly bearish P/C ratio of 1.02. P/C ratio rising 126% - increased hedging/bearish positioning. Call-heavy open interest (2,809,593 calls vs 1,497,575 puts) suggests bullish positioning.

Smart Money BEARISH

Retail Flow NEUTRAL

Overall BEARISH

Dollar Volume

Option Volume

Put/Call Ratio

Open Interest

Expected Move

Current BEARISH

Prior BEARISH

7-Day Avg BEARISH

Current NEUTRAL

Prior BULLISH

7-Day Avg NEUTRAL

Current NEUTRAL

Prior BULLISH

7-Day Avg NEUTRAL

Current BULLISH

Prior BULLISH

7-Day Avg NEUTRAL

Current NEUTRAL

Prior BULLISH

7-Day Avg BULLISH

📈 Options Analysis

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💰 Best Value Under $1

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🔥 High Volume

⏰ Backwardation

📈 Debit Spreads

📉 Credit Spreads

📅 Calendar Spreads

⚡ Straddles

🔀 Strangles

🦅 Iron Condors

🦋 Butterflies

⚖️ Ratio Spreads

🛡️ Covered Calls

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Tightest Spreads

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Best Value <$1

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Ratio Spreads

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Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 316 of results (avg 3.0%, best 0.6%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$80.00	Oct 23	1.81	1.82	$1.82	0.5%	92	0.67	355
$80.50	Oct 23	1.48	1.49	$1.49	0.7%	39	0.58	444
$81.00	Oct 30	1.36	1.37	$1.37	0.7%	532	0.50	1.6K
$80.50	Oct 9	1.20	1.21	$1.21	0.8%	918	0.61	781
$81.00	Oct 23	1.19	1.20	$1.19	0.8%	713	0.49	1.2K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$95.00	Sep 18	13.75	13.85	$13.80	0.7%	3	1.00	--
$93.00	Sep 18	11.75	11.85	$11.80	0.8%	23	1.00	15
$92.00	Sep 18	10.75	10.85	$10.80	0.9%	23	1.00	4.6K
$97.00	Oct 16	15.95	16.10	$16.02	0.9%	--	0.99	121
$82.00	Sep 30	1.05	1.06	$1.06	0.9%	481	0.69	6.8K

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 126 found (avg $0.36, cheapest $0.21)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$81.00	Sep 18	0.20	0.22	$0.21	9.5%	11.8K	0.85	54.1K
$81.50	Sep 21	0.08	0.09	$0.09	11.1%	6.1K	0.27	2.9K
$81.00	Sep 21	0.31	0.32	$0.32	3.1%	2.0K	0.63	7.2K
$82.00	Sep 23	0.09	0.10	$0.10	10.0%	2.1K	0.19	3.1K
$81.50	Sep 23	0.22	0.23	$0.23	4.3%	2.0K	0.36	1.6K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$81.50	Sep 18	0.29	0.34	$0.32	15.6%	8.8K	1.00	11.3K
$81.00	Sep 21	0.12	0.13	$0.13	7.7%	3.3K	0.37	3.1K
$80.50	Sep 23	0.10	0.11	$0.11	9.1%	1.8K	0.22	1.6K
$81.50	Sep 21	0.39	0.41	$0.40	5.0%	1.8K	0.73	1.4K
$80.00	Sep 25	0.08	0.09	$0.09	11.1%	503	0.14	9.9K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 240 found (avg delta 0.90, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$72.00	Sep 21	9.15	9.25	$9.20	1.1%	--	1.00	70
$74.00	Sep 21	7.15	7.25	$7.20	1.4%	--	1.00	70
$76.00	Sep 21	5.15	5.25	$5.20	1.9%	--	1.00	30
$77.00	Sep 21	4.15	4.25	$4.20	2.4%	2	1.00	2
$78.00	Sep 21	3.15	3.25	$3.20	3.1%	--	1.00	95

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$81.50	Sep 18	0.29	0.34	$0.32	15.6%	8.8K	1.00	11.3K
$82.00	Sep 18	0.81	0.86	$0.84	6.0%	5.5K	1.00	104.9K
$82.50	Sep 18	1.28	1.36	$1.32	6.1%	136	1.00	3.1K
$83.00	Sep 18	1.76	1.83	$1.80	3.9%	128	1.00	8.7K
$83.50	Sep 18	2.26	2.36	$2.31	4.3%	12	1.00	500

Most actively traded options today. High liquidity = easy entry/exit. 395 active (total vol 393.1K, top 35.7K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$83.00	Oct 16	0.32	0.33	$0.33	3.0%	20.5K	0.22	206.8K
$82.00	Sep 25	0.17	0.18	$0.18	5.6%	14.6K	0.25	15.3K
$81.50	Sep 18	0.00	0.01	$0.01	100.0%	11.8K	0.06	40.3K
$81.00	Sep 18	0.20	0.22	$0.21	9.5%	11.8K	0.85	54.1K
$82.00	Sep 30	0.31	0.32	$0.32	3.1%	11.6K	0.31	62.2K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$77.00	Oct 16	0.10	0.11	$0.11	9.1%	35.7K	0.08	75.4K
$79.00	Oct 16	0.31	0.32	$0.32	3.1%	34.4K	0.22	123.2K
$81.00	Sep 18	0.01	0.02	$0.02	50.0%	31.2K	0.15	69.5K
$81.50	Sep 18	0.29	0.34	$0.32	15.6%	8.8K	1.00	11.3K
$81.50	Sep 25	0.60	0.61	$0.61	1.6%	8.2K	0.60	5.4K

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 148.8%, max 148.8%)

CALLS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$81.00	Sep 18	Oct 30	24.3%	9.8%	148.8%	12.3K	55.7K

PUTS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$81.00	Sep 18	Oct 30	24.3%	9.8%	148.8%	31.6K	72.8K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 76 found (best R:R 0.67, avg 2.13)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$80.50	$81.00	Sep 25	$0.33	$0.17	$0.33	73%	0.52	$80.83
$80.50	$81.00	Sep 28	$0.32	$0.18	$0.32	71%	0.56	$80.82
$84.00	$85.00	Oct 30	$0.13	$0.87	$0.13	18%	6.69	$84.13
$82.50	$83.00	Oct 23	$0.13	$0.37	$0.13	30%	2.85	$82.63
$82.00	$82.50	Sep 28	$0.10	$0.40	$0.10	27%	4.00	$82.10

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$81.50	$81.00	Sep 18	$0.30	$0.20	$0.30	100%	0.67	$81.20
$82.00	$81.00	Oct 30	$0.54	$0.46	$0.54	62%	0.85	$81.46
$81.00	$80.00	Oct 30	$0.40	$0.60	$0.40	51%	1.50	$80.60
$81.00	$80.50	Oct 23	$0.21	$0.29	$0.21	52%	1.38	$80.79
$81.00	$80.00	Oct 16	$0.39	$0.61	$0.39	52%	1.56	$80.61

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 44 found (best R:R 0.25, avg 0.41)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$82.00	$83.00	Sep 30	$0.20	$0.20	$0.80	69%	0.25	$82.20
$82.00	$83.00	Oct 16	$0.28	$0.28	$0.72	65%	0.39	$82.28
$81.50	$82.00	Oct 2	$0.19	$0.19	$0.31	60%	0.61	$81.69
$82.00	$83.00	Oct 30	$0.33	$0.33	$0.67	62%	0.49	$82.33
$83.00	$84.00	Oct 16	$0.16	$0.16	$0.84	78%	0.19	$83.16

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$81.00	$80.50	Sep 21	$0.10	$0.10	$0.40	63%	0.25	$80.90
$81.00	$80.50	Sep 23	$0.16	$0.16	$0.34	58%	0.47	$80.84
$80.00	$79.00	Sep 30	$0.12	$0.12	$0.88	79%	0.14	$79.88
$80.50	$80.00	Sep 25	$0.10	$0.10	$0.40	73%	0.25	$80.40
$81.00	$80.00	Sep 30	$0.30	$0.30	$0.70	55%	0.43	$80.70

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

No setups found for this strategy

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 198 found (cheapest 0.28% of stock, avg 4.18%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$81.00	Sep 18	$0.21	$0.02	$0.23	$80.77	$81.23	0.28%
$81.50	Sep 18	$0.01	$0.32	$0.33	$81.17	$81.83	0.41%
$81.00	Sep 21	$0.32	$0.13	$0.45	$80.55	$81.45	0.55%
$81.50	Sep 21	$0.09	$0.40	$0.49	$81.01	$81.99	0.60%
$80.50	Sep 18	$0.70	$0.01	$0.71	$79.79	$81.21	0.87%
$81.00	Sep 23	$0.47	$0.27	$0.74	$80.26	$81.74	0.91%
$80.50	Sep 21	$0.73	$0.03	$0.76	$79.74	$81.26	0.94%
$81.50	Sep 23	$0.23	$0.53	$0.76	$80.74	$82.26	0.94%
$82.00	Sep 18	$0.01	$0.84	$0.85	$81.15	$82.85	1.05%
$82.00	Sep 21	$0.03	$0.82	$0.85	$81.15	$82.85	1.05%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 184 found (cheapest 0.04% of stock, avg 0.87%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$81.50	$81.00	Sep 18	$0.01	$0.02	$0.03	$80.97	$81.53
$82.00	$80.50	Sep 21	$0.03	$0.03	$0.06	$80.44	$82.06
$83.50	$79.00	Sep 28	$0.04	$0.04	$0.08	$78.92	$83.58
$82.50	$80.00	Sep 23	$0.04	$0.05	$0.09	$79.91	$82.59
$83.00	$79.50	Sep 25	$0.05	$0.05	$0.10	$79.40	$83.10
$83.00	$79.00	Sep 28	$0.07	$0.04	$0.11	$78.89	$83.11
$83.50	$79.50	Sep 28	$0.04	$0.07	$0.11	$79.39	$83.61
$84.00	$79.00	Sep 30	$0.05	$0.07	$0.12	$78.88	$84.12
$83.00	$79.50	Sep 28	$0.07	$0.07	$0.14	$79.36	$83.14
$81.50	$80.50	Sep 21	$0.09	$0.03	$0.12	$80.38	$81.62

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 15 found (best R:R 0.85, avg credit $0.31)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
79/80	83/84	Oct 23	$0.23	$0.27	46%	0.85	$79.27	$83.23
80/80	82/83	Oct 9	$0.24	$0.26	43%	0.92	$79.76	$82.74
79/80	82/83	Oct 23	$0.25	$0.25	40%	1.00	$79.25	$82.75
80/80	82/82	Oct 2	$0.24	$0.26	41%	0.92	$79.76	$82.24
80/80	82/82	Oct 9	$0.27	$0.23	35%	1.17	$79.73	$82.27
80/80	82/82	Sep 28	$0.21	$0.29	44%	0.72	$80.29	$82.21
77/78	83/84	Oct 30	$0.33	$0.67	55%	0.49	$77.67	$83.33
77/78	84/85	Oct 30	$0.24	$0.76	64%	0.32	$77.76	$84.24
78/79	83/84	Oct 16	$0.30	$0.70	56%	0.43	$78.70	$83.30
78/79	83/84	Oct 30	$0.39	$0.61	47%	0.64	$78.61	$83.39

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 98 found (best R:R 0.72, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$81.00	$81.50	$82.00	Sep 18	$0.20	$0.30	82%	1.50
$80.50	$81.00	$81.50	Sep 18	$0.29	$0.21	91%	0.72
$78.00	$79.00	$80.00	Oct 16	$0.09	$0.91	26%	10.11
$80.00	$81.00	$82.00	Sep 30	$0.26	$0.74	48%	2.85
$79.00	$80.00	$81.00	Oct 16	$0.16	$0.84	34%	5.25

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$80.50	$81.00	$81.50	Sep 18	$0.29	$0.21	97%	0.72
$81.00	$81.50	$82.00	Sep 18	$0.22	$0.28	85%	1.27
$65.00	$70.00	$75.00	Oct 30	$0.06	$4.94	5%	82.33
$80.50	$81.00	$81.50	Sep 21	$0.17	$0.33	63%	1.94
$79.00	$80.00	$81.00	Sep 30	$0.18	$0.82	36%	4.56

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 132 found (best net $-1.25, 113 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$70.00	$75.00	1:2	Sep 25	-$1.25	$3.75
$70.00	$75.00	1:2	Sep 30	-$1.33	$3.67
$70.00	$75.00	1:2	Oct 30	-$1.39	$3.61
$70.00	$74.00	1:2	Oct 16	-$3.29	$0.71
$80.00	$81.00	1:2	Sep 30	-$0.06	$0.94

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$83.00	$82.00	1:2	Sep 30	-$0.25	$0.75
$81.00	$80.00	1:2	Oct 16	-$0.17	$0.83
$82.00	$81.00	1:2	Oct 16	-$0.37	$0.63
$87.00	$85.00	1:2	Sep 30	-$1.80	$0.20
$82.00	$81.50	1:2	Sep 23	-$0.17	$0.33

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 44 found (best yield 1.08%, avg 0.35%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$82.00	Oct 30	$0.88	0.38	1.0%	1.08%	2.11%	1.3K	3.8K
$81.50	Oct 23	$0.94	0.43	0.4%	1.16%	1.56%	234	3.8K
$83.00	Oct 30	$0.55	0.27	2.2%	0.68%	2.93%	1.0K	2.5K
$82.00	Oct 23	$0.73	0.36	1.0%	0.90%	1.92%	208	1.8K
$82.50	Oct 23	$0.55	0.30	1.6%	0.68%	2.32%	177	2.6K
$82.00	Oct 16	$0.60	0.35	1.0%	0.74%	1.76%	8.2K	90.1K
$83.00	Oct 23	$0.42	0.24	2.2%	0.52%	2.77%	149	26.4K
$84.00	Oct 30	$0.33	0.18	3.5%	0.41%	3.89%	199	3.3K
$81.50	Oct 9	$0.65	0.41	0.4%	0.80%	1.21%	125	7.8K
$83.50	Oct 23	$0.31	0.20	2.9%	0.38%	3.25%	87	767

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 194,738

Total Puts 199,110

Put/Call Ratio 1.02

Net Difference -4,372

Prior's Put/Call Breakdown

Total Calls 361,554

Total Puts 163,901

Put/Call Ratio 0.45

Net Difference 197,653

Prior 7-Day Put/Call Summary

Total Calls 2,945,058

Total Puts 1,878,677

Average Put/Call Ratio 0.64

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

🤖 AI Insights

📈 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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