TLT - Options Database

TLT

iShares 20+ Year Treasury Bond ETF

$81.66 -0.18%

(9/22 15:00) ◀

Tuesday, September 22, 2026 (3:17pm)

▶ (9/22 16:01)

◀ 9/22 15:17 ▶

Option Volume

Detail

ℹ

Current (09/22) 213,263

Calls: 144,678 (68%)

Puts: 68,585 (32%)

Prior (09/21) 280,157

Calls: 211,308 (75%)

Puts: 68,849 (25%)

Current vs Prior -23.88%

Calls: -31.53% (Calls)

Puts: -0.38% (Puts)

Prior 7-Day Total 3,152,613

Calls: 2,102,208 (67%)

Puts: 1,050,405 (33%)

Prior 7-Day Average 525,435

Calls: 300,315 (67%)

Puts: 150,057 (33%)

Current vs Prior 7-Day Avg -59.41%

Calls: -51.82%

Puts: -54.29%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (09/22) $8.38M

Calls: $5.78M (69%)

Puts: $2.60M (31%)

Prior (09/21) $11.88M

Calls: $9.64M (81%)

Puts: $2.24M (19%)

Current vs Prior -29.46%

Calls: -40.00%

Puts: +15.86%

Prior 7-Day Total $225.23M

Calls: $127.20M (56%)

Puts: $98.03M (44%)

Prior 7-Day Average $37.54M

Calls: $18.17M (56%)

Puts: $14.00M (44%)

Current vs Prior 7-Day Avg -77.68%

Calls: -68.18%

Puts: -81.46%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (09/22) 0.47

Prior (09/21) 0.33

Current vs Prior +45.49%

Prior 7-Day Average 0.50

Current vs Prior 7-Day Avg -6.00%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (09/22) 2,729,840

Calls: 1,811,446 (66%)

Puts: 918,394 (34%)

Prior (09/21) 2,397,110

Calls: 1,557,213 (65%)

Puts: 839,897 (35%)

Current vs Prior +13.88%

Prior 7-Day Total 21,289,563

Calls: 13,128,454 (62%)

Puts: 8,161,109 (38%)

Prior 7-Day Average 3,548,260

Calls: 2,188,075 (62%)

Puts: 1,360,184 (38%)

Current vs Prior 7-Day Avg -23.07%

Sentiment BEARISH

Expected Move

Detail

ℹ

3DTEWKMO Expiry (09/23) | Next (09/25)Expiry (09/25) | Next (10/02)Expiry (10/16) | Next (11/20)

Current 0.89% | 1.24%1.24% | 1.92%2.56% | 4.36%

Prior 1.05% | 1.32%1.32% | 2.00%0.62% | 2.64%

Current vs Prior -14.97% | -6.32%-6.32% | -4.10%+310.49% | +65.10%

Prior 7-Day Avg 0.90% | 1.28%1.21% | 1.88%0.88% | 3.30%

Current vs 7-Day Avg -0.50% | -3.42%+2.12% | +2.51%+189.26% | +32.25%

Prior 7-Day Eod 1.05% | 1.32%1.32% | 2.00%0.62% | 2.64%

Current vs 7-Day Eod -14.97% | -6.32%-6.32% | -4.10%+310.49% | +65.10%

Sentiment BULLISHBULLISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 4.00% | 1.99%

Calls: 3.23% | 2.13%

Puts: 4.76% | 1.85%

Prior 3.44% | 1.88%

Calls: 4.17% | 1.64%

Puts: 2.70% | 2.13%

Current vs Prior +16.28% | +5.85%

Prior 7-Day Avg 8.13% | 3.11%

Calls: 9.79% | 2.79%

Puts: 6.48% | 3.44%

Current vs 7-Day Avg -50.81% | -36.05%

Liquidity Good

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Moderately bullish flow with 69% call dollar volume ($5.78M). Extreme bullish P/C ratio of 0.47 - heavy call buying (144,678 calls vs 68,585 puts). P/C ratio rising 45% - increased hedging/bearish positioning. Call-heavy open interest (1,811,446 calls vs 918,394 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 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

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Tightest Spreads

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Best Value <$1

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High Delta

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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 285 of results (avg 2.9%, best 0.6%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$80.50	Oct 23	1.70	1.71	$1.71	0.6%	11	0.68	434
$80.50	Oct 16	1.56	1.57	$1.57	0.6%	248	0.70	294
$81.00	Oct 30	1.54	1.55	$1.55	0.6%	90	0.58	1.5K
$81.00	Oct 23	1.37	1.38	$1.38	0.7%	61	0.59	1.2K
$70.00	Sep 25	11.65	11.75	$11.70	0.9%	--	1.00	26

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.00	Oct 16	1.15	1.16	$1.15	0.9%	1.4K	0.60	37.0K
$97.00	Oct 16	15.50	15.65	$15.58	1.0%	--	0.99	121
$82.00	Oct 7	0.99	1.00	$1.00	1.0%	8	0.63	--
$83.00	Oct 30	1.97	1.99	$1.98	1.0%	2	0.69	1.6K
$81.50	Oct 23	0.97	0.98	$0.98	1.0%	120	0.52	878

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 132 found (avg $0.35, cheapest $0.09)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.00	Sep 23	0.08	0.09	$0.09	11.1%	6.1K	0.26	9.7K
$81.50	Sep 23	0.30	0.31	$0.31	3.2%	1.9K	0.62	3.5K
$82.50	Sep 25	0.10	0.11	$0.11	9.1%	939	0.20	11.3K
$83.00	Sep 28	0.06	0.07	$0.07	14.3%	71	0.12	1.3K
$82.00	Sep 25	0.22	0.23	$0.23	4.3%	4.6K	0.36	34.6K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$81.50	Sep 23	0.13	0.14	$0.14	7.1%	4.3K	0.38	3.1K
$81.00	Sep 25	0.11	0.12	$0.12	8.3%	1.5K	0.22	41.0K
$82.00	Sep 23	0.41	0.43	$0.42	4.8%	993	0.74	2.4K
$80.50	Sep 28	0.07	0.08	$0.08	12.5%	469	0.14	1.2K
$81.00	Sep 28	0.15	0.16	$0.16	6.3%	152	0.26	2.1K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 206 found (avg delta 0.89, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$72.00	Sep 28	9.65	9.80	$9.73	1.5%	3	1.00	--
$73.00	Sep 28	8.65	8.80	$8.73	1.7%	3	1.00	--
$76.00	Sep 28	5.65	5.80	$5.73	2.6%	--	1.00	29
$79.00	Sep 28	2.68	2.77	$2.73	3.3%	--	1.00	19
$70.00	Sep 30	11.65	11.80	$11.73	1.3%	--	1.00	185

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$83.00	Sep 23	1.31	1.38	$1.35	5.2%	97	1.00	477
$83.50	Sep 23	1.82	1.89	$1.86	3.8%	4	1.00	--
$84.00	Sep 23	2.31	2.38	$2.34	3.0%	6	1.00	--
$87.00	Sep 23	5.30	5.40	$5.35	1.9%	6	1.00	2
$86.00	Sep 25	4.30	4.40	$4.35	2.3%	1	1.00	--

Most actively traded options today. High liquidity = easy entry/exit. 352 active (total vol 213.0K, top 31.0K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$83.00	Oct 16	0.37	0.38	$0.38	2.6%	31.0K	0.26	205.9K
$84.50	Oct 16	0.13	0.14	$0.14	7.1%	13.1K	0.11	205
$83.00	Sep 25	0.04	0.05	$0.05	20.0%	11.0K	0.10	18.9K
$82.00	Sep 23	0.08	0.09	$0.09	11.1%	6.1K	0.26	9.7K
$83.00	Sep 30	0.11	0.12	$0.12	8.3%	5.5K	0.16	35.4K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$81.00	Sep 30	0.22	0.23	$0.23	4.3%	9.2K	0.29	13.1K
$80.00	Oct 5	0.16	0.17	$0.17	5.9%	6.4K	0.19	--
$81.00	Oct 16	0.66	0.67	$0.67	1.5%	4.6K	0.43	57.2K
$81.50	Sep 23	0.13	0.14	$0.14	7.1%	4.3K	0.38	3.1K
$82.00	Sep 25	0.53	0.54	$0.54	1.9%	4.2K	0.64	3.8K

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 25.9%, max 25.9%)

CALLS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$81.50	Sep 23	Oct 23	11.8%	9.4%	25.9%	2.3K	7.4K

PUTS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$81.50	Sep 23	Oct 23	11.8%	9.4%	25.9%	4.5K	3.9K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 74 found (best R:R 2.13, avg 2.04)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$81.00	$82.00	Sep 30	$0.57	$0.43	$0.57	71%	0.75	$81.57
$82.00	$82.50	Sep 25	$0.12	$0.38	$0.12	36%	3.17	$82.12
$82.50	$83.00	Oct 16	$0.14	$0.36	$0.14	33%	2.57	$82.64
$82.50	$83.00	Oct 9	$0.12	$0.38	$0.12	30%	3.17	$82.62
$83.00	$83.50	Oct 16	$0.11	$0.39	$0.11	26%	3.55	$83.11

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$81.00	$80.00	Oct 30	$0.32	$0.68	$0.32	44%	2.13	$80.68
$82.00	$81.00	Oct 30	$0.48	$0.52	$0.48	57%	1.08	$81.52
$82.00	$81.50	Oct 16	$0.26	$0.24	$0.26	60%	0.92	$81.74
$80.50	$80.00	Oct 23	$0.13	$0.37	$0.13	35%	2.85	$80.37
$82.00	$81.50	Oct 23	$0.26	$0.24	$0.26	58%	0.92	$81.74

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 43 found (best R:R 0.35, avg 0.43)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$82.00	$83.00	Sep 30	$0.26	$0.26	$0.74	60%	0.35	$82.26
$82.00	$83.00	Oct 7	$0.28	$0.28	$0.72	62%	0.39	$82.28
$82.00	$83.00	Oct 30	$0.38	$0.38	$0.62	57%	0.61	$82.38
$83.00	$84.00	Oct 7	$0.12	$0.12	$0.88	81%	0.14	$83.12
$82.50	$83.00	Oct 2	$0.11	$0.11	$0.39	74%	0.28	$82.61

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$81.00	$80.00	Sep 30	$0.16	$0.16	$0.84	71%	0.19	$80.84
$81.00	$80.00	Oct 7	$0.28	$0.28	$0.72	59%	0.39	$80.72
$81.50	$81.00	Sep 23	$0.10	$0.10	$0.40	62%	0.25	$81.40
$81.00	$80.50	Oct 2	$0.16	$0.16	$0.34	62%	0.47	$80.84
$80.00	$79.00	Oct 7	$0.12	$0.12	$0.88	79%	0.14	$79.88

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $0.15, cheapest $0.13)

CALLS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$81.50	Sep 23	Sep 25	$0.16	11.8%	11.6%

PUTS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$81.50	Sep 23	Sep 25	$0.13	11.8%	11.6%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 170 found (cheapest 0.55% of stock, avg 4.08%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$81.50	Sep 23	$0.31	$0.14	$0.45	$81.05	$81.95	0.55%
$82.00	Sep 23	$0.09	$0.42	$0.51	$81.49	$82.51	0.62%
$81.50	Sep 25	$0.47	$0.27	$0.74	$80.76	$82.24	0.91%
$81.00	Sep 23	$0.71	$0.04	$0.75	$80.25	$81.75	0.92%
$82.00	Sep 25	$0.23	$0.54	$0.77	$81.23	$82.77	0.94%
$81.50	Sep 28	$0.52	$0.32	$0.84	$80.66	$82.34	1.03%
$82.00	Sep 28	$0.28	$0.57	$0.85	$81.15	$82.85	1.04%
$82.50	Sep 23	$0.03	$0.85	$0.88	$81.62	$83.38	1.08%
$81.00	Sep 25	$0.83	$0.12	$0.95	$80.05	$81.95	1.16%
$82.50	Sep 25	$0.11	$0.91	$1.02	$81.48	$83.52	1.25%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 197 found (cheapest 0.09% of stock, avg 0.79%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$82.50	$81.00	Sep 23	$0.03	$0.04	$0.07	$80.93	$82.57
$83.50	$80.00	Sep 28	$0.04	$0.04	$0.08	$79.92	$83.58
$83.50	$80.50	Sep 25	$0.03	$0.05	$0.08	$80.42	$83.58
$84.00	$79.00	Oct 2	$0.05	$0.05	$0.10	$78.90	$84.10
$83.00	$80.50	Sep 25	$0.05	$0.05	$0.10	$80.40	$83.10
$84.00	$80.00	Sep 30	$0.04	$0.07	$0.11	$79.89	$84.11
$83.00	$80.00	Sep 28	$0.07	$0.04	$0.11	$79.89	$83.11
$84.00	$79.00	Oct 5	$0.06	$0.06	$0.12	$78.88	$84.12
$83.50	$80.50	Sep 28	$0.04	$0.08	$0.12	$80.38	$83.62
$84.00	$79.50	Oct 2	$0.05	$0.08	$0.13	$79.37	$84.13

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 9 found (best R:R 0.72, avg credit $0.30)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
80/80	82/83	Oct 5	$0.21	$0.29	46%	0.72	$80.29	$82.71
80/80	83/84	Oct 16	$0.24	$0.26	40%	0.92	$80.26	$83.24
80/80	82/83	Oct 9	$0.24	$0.26	40%	0.92	$80.26	$82.74
80/80	82/83	Oct 16	$0.27	$0.23	33%	1.17	$80.23	$82.77
78/79	84/85	Oct 30	$0.28	$0.72	59%	0.39	$78.72	$84.28
78/79	83/84	Oct 30	$0.38	$0.62	49%	0.61	$78.62	$83.38
79/80	84/85	Oct 30	$0.36	$0.64	49%	0.56	$79.64	$84.36
79/80	83/84	Oct 30	$0.46	$0.54	39%	0.85	$79.54	$83.46
79/80	83/84	Oct 7	$0.24	$0.76	60%	0.32	$79.76	$83.24

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 84 found (best R:R 2.23, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$81.00	$82.00	$83.00	Sep 30	$0.31	$0.69	54%	2.23
$78.00	$79.00	$80.00	Oct 30	$0.07	$0.93	21%	13.29
$80.00	$81.00	$82.00	Oct 30	$0.13	$0.87	30%	6.69
$80.50	$81.00	$81.50	Sep 23	$0.06	$0.44	35%	7.33
$80.00	$81.00	$82.00	Sep 30	$0.28	$0.72	50%	2.57

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$80.00	$81.00	$82.00	Sep 30	$0.27	$0.73	50%	2.70
$81.00	$82.00	$83.00	Sep 30	$0.31	$0.69	54%	2.23
$79.00	$80.00	$81.00	Sep 30	$0.11	$0.89	26%	8.09
$80.50	$81.00	$81.50	Sep 23	$0.07	$0.43	35%	6.14
$81.00	$81.50	$82.00	Sep 23	$0.18	$0.32	61%	1.78

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 130 found (best net $-1.73, 112 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$70.00	$75.00	1:2	Sep 30	-$1.73	$3.27
$70.00	$75.00	1:2	Oct 30	-$1.77	$3.23
$70.00	$75.00	1:2	Sep 25	-$1.76	$3.24
$80.00	$81.00	1:2	Sep 30	-$0.10	$0.90
$73.00	$76.00	1:2	Sep 28	-$2.73	$0.27

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$87.00	$85.00	1:2	Sep 30	-$1.35	$0.65
$84.00	$83.00	1:2	Sep 30	-$0.46	$0.54
$82.50	$82.00	1:2	Sep 25	-$0.17	$0.33
$82.00	$81.50	1:2	Sep 28	-$0.07	$0.43
$82.50	$82.00	1:2	Sep 28	-$0.20	$0.30

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 49 found (best yield 1.22%, avg 0.33%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$82.00	Oct 30	$1.00	0.43	0.4%	1.22%	1.64%	307	3.8K
$83.00	Oct 30	$0.61	0.31	1.6%	0.75%	2.39%	2.1K	2.7K
$82.00	Oct 23	$0.84	0.42	0.4%	1.03%	1.45%	21	3.8K
$82.50	Oct 23	$0.64	0.35	1.0%	0.78%	1.81%	90	2.6K
$83.00	Oct 23	$0.48	0.28	1.6%	0.59%	2.23%	5.0K	26.6K
$84.00	Oct 30	$0.36	0.21	2.9%	0.44%	3.31%	293	4.8K
$82.00	Oct 16	$0.70	0.41	0.4%	0.86%	1.27%	2.9K	96.6K
$82.50	Oct 16	$0.51	0.33	1.0%	0.62%	1.65%	500	147
$83.50	Oct 23	$0.35	0.23	2.2%	0.43%	2.68%	130	1.5K
$83.00	Oct 16	$0.37	0.26	1.6%	0.45%	2.09%	31.0K	205.9K

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 144,678

Total Puts 68,585

Put/Call Ratio 0.47

Net Difference 76,093

Prior's Put/Call Breakdown

Total Calls 211,308

Total Puts 68,849

Put/Call Ratio 0.33

Net Difference 142,459

Prior 7-Day Put/Call Summary

Total Calls 2,102,208

Total Puts 1,050,405

Average Put/Call Ratio 0.50

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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