Tour v364
TLT
iShares 20+ Year Treasury Bond ETF
$84.14 -0.45%
(7/20 10:00) ◀
|
Monday, July 20, 2026 (11:00am)
January 2026
|
▶ (7/20 12:00)
◀ 7/20 11:00 ▶

Option Volume

Detail
ℹ
Current (07/20 11:00am) 83,801
Calls: 63,317 (76%)
Puts: 20,484 (24%)
Prior (07/17) 145,984
Calls: 106,206 (73%)
Puts: 39,778 (27%)
Current vs Prior -42.60%
Calls: -40.38% (Calls)
Puts: -48.50% (Puts)
Prior 7-Day Total 2,904,107
Calls: 1,921,484 (66%)
Puts: 982,623 (34%)
Prior 7-Day Average 414,872
Calls: 274,497 (66%)
Puts: 140,374 (34%)
Current vs Prior 7-Day Avg -79.80%
Calls: -76.93%
Puts: -85.41%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (07/20 11:00am) $12.58M
Calls: $11.50M (91%)
Puts: $1.08M (9%)
Prior (07/17) $12.47M
Calls: $11.31M (91%)
Puts: $1.16M (9%)
Current vs Prior +0.87%
Calls: +1.69%
Puts: -7.12%
Prior 7-Day Total $394.15M
Calls: $333.73M (85%)
Puts: $60.42M (15%)
Prior 7-Day Average $56.31M
Calls: $47.68M (85%)
Puts: $8.63M (15%)
Current vs Prior 7-Day Avg -77.66%
Calls: -75.88%
Puts: -87.51%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/20 11:00am) 0.32
Prior (07/17) 0.37
Current vs Prior -13.62%
Prior 7-Day Average 0.51
Current vs Prior 7-Day Avg -37.14%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (07/20 11:00am) 1,656,598
Calls: 1,019,985 (62%)
Puts: 636,613 (38%)
Prior (07/17) 2,615,715
Calls: 1,602,016 (61%)
Puts: 1,013,699 (39%)
Current vs Prior -36.67%
Prior 7-Day Total 18,359,437
Calls: 10,498,734 (57%)
Puts: 7,860,703 (43%)
Prior 7-Day Average 2,622,776
Calls: 1,499,819 (57%)
Puts: 1,122,957 (43%)
Current vs Prior 7-Day Avg -36.84%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (07/20) | Next (07/22)Expiry (07/24) | Next (07/31)Expiry (07/20) | Next (08/21)
Current 0.64% | 0.92%1.14% | 1.66%0.64% | 2.59%
Prior 0.85% | 1.05%0.60% | 1.23%0.60% | 2.97%
Current vs Prior -24.66% | -13.09%+89.10% | +35.22%+6.36% | -12.76%
Prior 7-Day Avg 0.92% | 1.13%0.93% | 1.48%0.94% | 3.15%
Current vs 7-Day Avg -29.91% | -19.08%+22.97% | +12.27%-31.42% | -17.71%
Prior 7-Day Eod 0.85% | 1.05%0.66% | 1.27%0.66% | 2.97%
Current vs 7-Day Eod -24.66% | -13.09%+72.20% | +31.43%-3.14% | -12.76%
Sentiment BULLISHBEARISHBEARISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 16.67% | 5.30%
Calls: 16.67% | 6.06%
Puts: 16.67% | 4.55%
Prior 9.25% | 4.88%
Calls: 4.76% | 6.25%
Puts: 13.73% | 3.51%
Current vs Prior +80.22% | +8.61%
Prior 7-Day Avg 6.28% | 3.16%
Calls: 5.72% | 2.78%
Puts: 6.84% | 3.53%
Current vs 7-Day Avg +165.33% | +67.95%
Liquidity Pricy
+
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🤖 AI Insights

Strong bullish conviction with 91% of dollar volume in calls ($11.50M) vs puts ($1.08M). Below-average activity with volume down 43% vs prior. Extreme bullish P/C ratio of 0.32 - heavy call buying (63,317 calls vs 20,484 puts). Call-heavy open interest (1,019,985 calls vs 636,613 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
Sentiment Timeline (Today)
TimeSmart MoneyRetailOverall
11:00BULLISHBULLISHBULLISH
10:00BULLISHBULLISHBULLISH

📈 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 290 of results (avg 2.9%, best 0.5%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$83.00Aug 141.551.56$1.560.6%420.71265
$69.00Aug 2115.2015.30$15.250.7%--1.00134
$70.00Jul 3114.2014.30$14.250.7%61.0021
$70.00Jul 2414.1514.25$14.200.7%41.004
$70.00Jul 2014.1014.20$14.150.7%1091.00--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$95.00Aug 711.0011.05$11.030.5%--0.9910
$97.00Jul 2012.8012.90$12.850.8%371.00--
$96.00Aug 2112.0012.10$12.050.8%--0.99136
$96.00Jul 2011.8011.90$11.850.8%311.00--
$95.00Aug 2111.0011.10$11.050.9%--0.99137

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 140 found (avg $0.33, cheapest $0.06)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$85.50Jul 270.050.06$0.0616.7%10.11584
$87.00Aug 30.050.06$0.0616.7%50.07--
$87.50Aug 70.050.06$0.0616.7%--0.061.3K
$88.50Aug 140.050.06$0.0616.7%--0.053.3K
$89.50Aug 210.050.06$0.0616.7%110.04--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$83.50Jul 220.050.06$0.0616.7%7170.164.1K
$81.00Aug 30.050.06$0.0616.7%6750.06--
$79.00Aug 210.050.06$0.0616.7%170.0411.7K
$78.00Aug 280.050.06$0.0616.7%20.04344
$80.00Aug 140.060.07$0.0714.3%--0.061.8K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 210 found (avg delta 0.89, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$70.00Jul 2014.1014.20$14.150.7%1091.00--
$71.00Jul 2013.1013.20$13.150.8%1791.00--
$72.00Jul 2012.1012.20$12.150.8%1631.00--
$73.00Jul 2011.1011.20$11.150.9%821.00--
$74.00Jul 2010.1010.20$10.151.0%431.00--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$86.00Jul 221.841.88$1.862.2%--1.0090
$87.00Jul 242.822.88$2.852.1%--1.0030
$88.00Jul 243.803.90$3.852.6%--1.00965
$99.00Jul 2014.8014.95$14.881.0%131.00--
$100.00Jul 2015.8015.95$15.880.9%131.00--

Most actively traded options today. High liquidity = easy entry/exit. 297 active (total vol 83.7K, top 6.1K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$80.00Jul 314.254.30$4.281.2%6.1K0.97220
$79.50Jul 314.754.80$4.781.0%5.3K0.985
$88.00Aug 30.020.04$0.0366.7%4.8K0.04--
$86.00Jul 310.090.10$0.1010.0%4.4K0.1237.7K
$80.00Jul 294.204.25$4.221.2%4.0K0.98201
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$81.50Jul 240.010.02$0.0250.0%2.2K0.036.4K
$82.50Jul 220.000.01$0.01100.0%1.2K0.022.1K
$84.00Jul 220.160.17$0.175.9%1.0K0.401.6K
$81.00Jul 240.000.01$0.01100.0%1.0K0.014.5K
$78.00Aug 70.010.02$0.0250.0%1.0K0.01913

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 71 strikes (avg 424.9%, max 1138.6%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$71.00Jul 20Aug 21256.6%20.7%1138.6%50534
$70.00Jul 20Aug 21276.0%22.3%1136.6%109126
$75.00Jul 20Aug 21180.4%16.5%996.6%7274
$76.00Jul 20Aug 21161.7%14.8%994.6%11996
$93.00Jul 20Aug 28157.7%14.8%964.8%1957
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$80.00Jul 20Aug 28116.0%10.6%997.7%351.4K
$96.00Jul 20Aug 21201.4%19.2%949.1%31136
$95.00Jul 20Aug 21187.1%17.9%946.7%31137
$79.00Jul 20Aug 28105.5%11.2%844.4%2727
$90.00Jul 20Aug 21111.0%13.1%749.1%71.0K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 69 found (best R:R 5.67, avg 1.86)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$85.00$86.00Aug 3$0.17$0.83$0.174.88$85.17
$85.50$86.00Aug 14$0.10$0.40$0.104.00$85.60
$86.00$86.50Aug 28$0.10$0.40$0.104.00$86.10
$84.50$85.00Jul 24$0.11$0.39$0.113.55$84.61
$85.00$85.50Jul 31$0.11$0.39$0.113.55$85.11
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$83.00$82.00Aug 3$0.15$0.85$0.155.67$82.85
$84.00$83.50Jul 22$0.11$0.39$0.113.55$83.89
$83.50$83.00Jul 31$0.11$0.39$0.113.55$83.39
$83.00$82.50Aug 7$0.11$0.39$0.113.55$82.89
$82.50$82.00Aug 28$0.11$0.39$0.113.55$82.39

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 95 found (best R:R 18.23, avg 1.77)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$81.00$83.50Jul 27$2.34$2.34$0.1614.63$83.34
$82.00$83.50Jul 29$1.32$1.32$0.187.33$83.32
$83.50$84.00Jul 22$0.39$0.39$0.113.55$83.89
$83.00$83.50Jul 31$0.39$0.39$0.113.55$83.39
$82.50$83.00Aug 14$0.39$0.39$0.113.55$82.89
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$87.50$85.00Jul 29$2.37$2.37$0.1318.23$85.13
$87.00$86.00Aug 21$0.88$0.88$0.127.33$86.12
$85.50$85.00Jul 31$0.40$0.40$0.104.00$85.10
$85.00$84.50Jul 24$0.39$0.39$0.113.55$84.61
$85.50$85.00Aug 7$0.39$0.39$0.113.55$85.11

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 15 found (avg debit $0.14, cheapest $0.06)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$81.50Jul 20Jul 24$0.0658.0%15.7%
$83.50Jul 20Jul 22$0.0717.3%10.0%
$79.00Jul 20Jul 29$0.08105.5%16.3%
$84.50Jul 20Jul 22$0.1010.9%9.2%
$71.00Jul 20Aug 21$0.12256.6%20.7%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$84.50Jul 20Jul 22$0.0810.9%9.2%
$84.00Jul 20Jul 22$0.1310.7%8.8%
$95.00Jul 20Aug 7$0.18187.1%20.9%
$88.50Jul 20Aug 7$0.1986.3%13.2%
$90.00Jul 20Aug 7$0.20111.0%15.6%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 188 found (cheapest 0.26% of stock, avg 4.65%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$84.00Jul 20$0.18$0.04$0.22$83.78$84.220.26%
$84.50Jul 20$0.01$0.36$0.37$84.13$84.870.44%
$84.00Jul 22$0.33$0.17$0.50$83.50$84.500.59%
$84.50Jul 22$0.11$0.44$0.55$83.95$85.050.65%
$83.50Jul 20$0.65$0.01$0.66$82.84$84.160.78%
$84.00Jul 24$0.45$0.26$0.71$83.29$84.710.84%
$84.50Jul 24$0.20$0.51$0.71$83.79$85.210.84%
$83.50Jul 22$0.72$0.06$0.78$82.72$84.280.93%
$84.50Jul 27$0.25$0.55$0.80$83.70$85.300.95%
$84.00Jul 27$0.51$0.30$0.81$83.19$84.810.96%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 198 found (cheapest 0.06% of stock, avg 0.75%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$84.50$84.00Jul 20$0.01$0.04$0.05$83.95$84.55
$85.00$83.00Jul 22$0.04$0.02$0.06$82.94$85.06
$86.00$82.50Jul 24$0.03$0.03$0.06$82.44$86.06
$85.50$82.50Jul 24$0.05$0.03$0.08$82.42$85.58
$86.00$83.00Jul 24$0.03$0.05$0.08$82.92$86.08
$86.00$82.50Jul 27$0.04$0.05$0.09$82.41$86.09
$85.00$83.50Jul 22$0.04$0.06$0.10$83.40$85.10
$85.50$83.00Jul 24$0.05$0.05$0.10$82.90$85.60
$86.50$82.00Jul 29$0.05$0.05$0.10$81.90$86.60
$85.50$82.50Jul 27$0.06$0.05$0.11$82.39$85.61

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 10 found (best R:R 3.55, avg credit $0.38)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
82/8384/84Aug 28$0.39$0.113.55$82.61$84.39
83/8484/85Aug 28$0.38$0.123.17$83.12$84.88
82/8284/84Aug 28$0.36$0.142.57$82.14$84.36
82/8384/85Aug 28$0.35$0.152.33$82.65$84.85
84/8484/85Jul 29$0.32$0.181.78$83.68$84.82
82/8284/85Aug 28$0.32$0.181.78$82.18$84.82
82/8384/85Aug 3$0.59$0.411.44$82.41$84.59
84/8484/85Jul 27$0.28$0.221.27$83.72$84.78
83/8485/86Aug 3$0.52$0.481.08$83.48$85.52
82/8385/86Aug 3$0.32$0.680.47$82.68$85.32

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 69 found (best R:R 19.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$76.00$77.00$78.00Aug 21$0.05$0.9519.00
$84.50$85.00$85.50Jul 22$0.05$0.459.00
$83.00$83.50$84.00Aug 14$0.05$0.459.00
$84.00$84.50$85.00Aug 14$0.05$0.459.00
$83.50$84.00$84.50Aug 28$0.05$0.459.00
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$92.00$93.00$94.00Aug 21$0.06$0.9415.67
$86.00$87.00$88.00Aug 21$0.09$0.9110.11
$84.50$85.00$85.50Jul 22$0.05$0.459.00
$81.00$82.00$83.00Aug 3$0.10$0.909.00
$82.50$83.00$83.50Aug 7$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 $--, 121 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$96.00$100.001:2Aug 28$0.00$4.00
$96.00$100.001:2Aug 14-$0.01$3.99
$97.00$100.001:2Jul 24-$0.01$2.99
$97.00$100.001:2Jul 31-$0.01$2.99
$97.00$100.001:2Aug 7-$0.01$2.99
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$75.00$70.001:2Aug 14$0.00$5.00
$75.00$70.001:2Jul 31-$0.01$4.99
$75.00$70.001:2Aug 7-$0.01$4.99
$95.00$90.001:2Jul 20-$0.85$4.15
$74.00$70.001:2Jul 24-$0.01$3.99

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 49 found (best yield 1.06%, avg 0.30%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$84.50Aug 28$0.890.420.4%1.06%1.49%674.1K
$84.50Aug 21$0.760.410.4%0.90%1.33%137--
$85.00Aug 28$0.680.361.0%0.81%1.83%13703
$84.50Aug 14$0.640.400.4%0.76%1.19%4962
$85.00Aug 21$0.560.341.0%0.67%1.69%3.9K46.4K
$84.50Aug 7$0.520.390.4%0.62%1.05%10504
$85.50Aug 28$0.520.291.6%0.62%2.23%504.3K
$85.00Aug 14$0.450.321.0%0.53%1.56%2412.7K
$84.50Jul 31$0.440.410.4%0.52%0.95%2.6K2.4K
$85.50Aug 21$0.400.271.6%0.48%2.09%250--

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 63,317
Total Puts 20,484
Put/Call Ratio 0.32
Net Difference 42,833

Prior's Put/Call Breakdown

Total Calls 106,206
Total Puts 39,778
Put/Call Ratio 0.37
Net Difference 66,428

Prior 7-Day Put/Call Summary

Total Calls 1,921,484
Total Puts 982,623
Average Put/Call Ratio 0.51
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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Chart Title

Price — Past 7 Days

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