Tour v364
TLT
iShares 20+ Year Treasury Bond ETF
$84.00 -0.62%
(7/20 11:00) ◀
|
Monday, July 20, 2026 (12:00pm)
January 2026
|
▶ (7/20 13:00)
◀ 7/20 12:00 ▶

Option Volume

Detail
ℹ
Current (07/20 12:00pm) 140,649
Calls: 102,855 (73%)
Puts: 37,794 (27%)
Prior (07/17) 181,947
Calls: 131,162 (72%)
Puts: 50,785 (28%)
Current vs Prior -22.70%
Calls: -21.58% (Calls)
Puts: -25.58% (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 -66.10%
Calls: -62.53%
Puts: -73.08%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (07/20 12:00pm) $18.22M
Calls: $16.42M (90%)
Puts: $1.80M (10%)
Prior (07/17) $20.98M
Calls: $18.95M (90%)
Puts: $2.03M (10%)
Current vs Prior -13.15%
Calls: -13.33%
Puts: -11.42%
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 -67.64%
Calls: -65.56%
Puts: -79.14%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/20 12:00pm) 0.37
Prior (07/17) 0.39
Current vs Prior -5.10%
Prior 7-Day Average 0.51
Current vs Prior 7-Day Avg -28.60%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (07/20 12:00pm) 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 0.18% | 0.57%0.81% | 1.36%0.18% | 2.27%
Prior 0.85% | 1.05%0.60% | 1.23%0.60% | 2.97%
Current vs Prior -79.04% | -45.73%+34.16% | +10.29%-70.40% | -23.43%
Prior 7-Day Avg 0.92% | 1.13%0.93% | 1.48%0.94% | 3.15%
Current vs 7-Day Avg -80.50% | -49.47%-12.76% | -8.43%-80.92% | -27.78%
Prior 7-Day Eod 0.85% | 1.05%0.66% | 1.27%0.66% | 2.97%
Current vs 7-Day Eod -79.04% | -45.73%+22.17% | +7.20%-73.05% | -23.43%
Sentiment BULLISHBEARISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 13.39% | 4.17%
Calls: 12.50% | 4.00%
Puts: 14.29% | 4.35%
Prior 9.25% | 4.88%
Calls: 4.76% | 6.25%
Puts: 13.73% | 3.51%
Current vs Prior +44.76% | -14.55%
Prior 7-Day Avg 6.28% | 3.16%
Calls: 5.72% | 2.78%
Puts: 6.84% | 3.53%
Current vs 7-Day Avg +113.12% | +32.14%
Liquidity Acceptable
+
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🤖 AI Insights

Strong bullish conviction with 90% of dollar volume in calls ($16.42M) vs puts ($1.80M). Extreme bullish P/C ratio of 0.37 - heavy call buying (102,855 calls vs 37,794 puts). Call-heavy open interest (1,019,985 calls vs 636,613 puts) suggests bullish positioning. Declining open interest (down 37%) indicates positions being closed.

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 BULLISH
Prior BULLISH
7-Day Avg BULLISH
Sentiment Timeline (Today)
TimeSmart MoneyRetailOverall
12:00BULLISHBULLISHBULLISH
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 295 of results (avg 2.8%, best 0.6%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$83.00Aug 281.681.69$1.690.6%--0.65126
$70.00Jul 3114.0514.15$14.100.7%61.0021
$70.00Jul 2414.0014.10$14.050.7%41.004
$70.00Jul 2013.9514.05$14.000.7%1091.00--
$71.00Jul 2012.9513.05$13.000.8%1791.00--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$99.00Jul 2014.9515.05$15.000.7%131.00--
$98.00Jul 2013.9514.05$14.000.7%371.00--
$84.50Aug 281.311.32$1.320.8%950.60418
$97.00Jul 2012.9513.05$13.000.8%371.00--
$96.00Jul 2011.9512.05$12.000.8%1021.00--

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 139 found (avg $0.31, cheapest $0.06)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$85.50Jul 270.050.06$0.0616.7%110.10584
$86.00Jul 290.050.06$0.0616.7%580.092.7K
$86.50Jul 310.050.06$0.0616.7%1130.071.8K
$87.50Aug 70.050.06$0.0616.7%10.061.3K
$88.00Aug 140.050.06$0.0616.7%5100.05915
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$82.00Jul 290.050.06$0.0616.7%6080.08634
$81.50Jul 310.050.06$0.0616.7%5960.073.5K
$80.00Aug 70.050.06$0.0616.7%4520.053.2K
$78.00Aug 280.050.06$0.0616.7%20.04344
$84.00Jul 200.060.07$0.0714.3%1.6K0.486.1K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 220 found (avg delta 0.90, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$70.00Jul 2013.9514.05$14.000.7%1091.00--
$71.00Jul 2012.9513.05$13.000.8%1791.00--
$72.00Jul 2011.9512.05$12.000.8%1631.00--
$73.00Jul 2010.9511.05$11.000.9%821.00--
$74.00Jul 209.9510.05$10.001.0%451.00--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$85.50Jul 221.461.52$1.494.0%311.0016
$86.00Jul 221.972.02$2.002.5%--1.0090
$87.00Jul 242.973.05$3.012.7%--1.0030
$88.00Jul 243.954.05$4.002.5%--1.00965
$87.50Jul 293.453.55$3.502.9%--1.0010

Most actively traded options today. High liquidity = easy entry/exit. 337 active (total vol 140.5K, top 12.7K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$87.00Aug 210.130.14$0.147.1%12.7K0.1130.8K
$80.00Jul 314.104.20$4.152.4%10.9K0.97220
$79.50Jul 314.604.70$4.652.2%10.0K0.985
$86.00Aug 210.260.27$0.273.7%6.4K0.1973.2K
$88.00Aug 30.020.03$0.0333.3%4.8K0.03--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$84.00Jul 220.220.23$0.234.3%4.5K0.491.6K
$81.00Aug 30.060.07$0.0714.3%3.3K0.07--
$82.00Aug 210.300.31$0.313.2%3.2K0.2236.4K
$81.50Jul 240.010.02$0.0250.0%2.2K0.036.4K
$81.00Jul 240.010.02$0.0250.0%2.1K0.034.5K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 75 strikes (avg 525.2%, max 1276.8%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$71.00Jul 20Aug 21283.0%20.6%1276.8%50534
$70.00Jul 20Aug 21304.5%22.2%1274.6%127126
$75.00Jul 20Aug 21198.2%16.3%1118.9%7774
$93.00Jul 20Aug 28177.7%15.0%1085.0%1957
$76.00Jul 20Aug 21177.3%15.6%1035.1%12296
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$96.00Jul 20Aug 21226.3%19.3%1070.6%102136
$95.00Jul 20Aug 21210.4%18.2%1057.4%102137
$94.00Jul 20Aug 21194.2%16.8%1056.5%8212
$93.00Jul 20Aug 21177.7%16.6%973.3%8140
$92.00Jul 20Aug 21160.9%15.1%963.1%16257

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 65 found (best R:R 6.14, avg 1.70)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$85.00$86.00Aug 3$0.14$0.86$0.146.14$85.14
$84.50$85.00Jul 27$0.11$0.39$0.113.55$84.61
$85.50$86.00Aug 28$0.12$0.38$0.123.17$85.62
$85.00$85.50Aug 14$0.13$0.37$0.132.85$85.13
$84.50$85.00Jul 29$0.14$0.36$0.142.57$84.64
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$83.00$82.00Aug 3$0.18$0.82$0.184.56$82.82
$83.50$83.00Jul 27$0.10$0.40$0.104.00$83.40
$83.50$83.00Jul 29$0.11$0.39$0.113.55$83.39
$83.50$83.00Jul 31$0.12$0.38$0.123.17$83.38
$83.00$82.50Aug 7$0.12$0.38$0.123.17$82.88

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 88 found (best R:R 21.00, avg 1.75)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$73.00$84.00Aug 3$10.50$10.50$0.5021.00$83.50
$82.00$83.50Jul 29$1.30$1.30$0.206.50$83.30
$83.00$83.50Jul 27$0.40$0.40$0.104.00$83.40
$82.00$82.50Aug 21$0.40$0.40$0.104.00$82.40
$82.50$83.00Aug 14$0.39$0.39$0.113.55$82.89
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$87.00$86.00Aug 21$0.90$0.90$0.109.00$86.10
$88.00$84.00Aug 3$3.53$3.53$0.477.51$84.47
$86.00$85.00Aug 21$0.78$0.78$0.223.55$85.22
$86.00$85.50Aug 28$0.39$0.39$0.113.55$85.61
$85.50$85.00Aug 14$0.38$0.38$0.123.17$85.12

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 24 found (avg debit $0.14, cheapest $0.05)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$70.00Jul 20Jul 24$0.05304.5%62.7%
$75.00Jul 20Jul 24$0.05198.2%40.8%
$81.50Jul 20Jul 24$0.0761.8%15.2%
$84.50Jul 20Jul 22$0.0715.4%9.5%
$83.50Jul 20Jul 22$0.0916.0%9.2%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$84.50Jul 20Jul 22$0.0515.4%9.5%
$83.50Jul 20Jul 22$0.0716.0%9.2%
$84.00Jul 20Jul 22$0.169.4%8.5%
$90.00Jul 20Aug 7$0.18126.0%14.8%
$91.00Jul 20Aug 7$0.18143.6%16.7%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 195 found (cheapest 0.18% of stock, avg 4.65%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$84.00Jul 20$0.08$0.07$0.15$83.85$84.150.18%
$84.00Jul 22$0.25$0.23$0.48$83.52$84.480.57%
$84.50Jul 20$0.01$0.50$0.51$83.99$85.010.61%
$83.50Jul 20$0.51$0.01$0.52$82.98$84.020.62%
$84.50Jul 22$0.08$0.55$0.63$83.87$85.130.75%
$83.50Jul 22$0.60$0.08$0.68$82.82$84.180.81%
$84.00Jul 24$0.37$0.31$0.68$83.32$84.680.81%
$84.50Jul 24$0.16$0.61$0.77$83.73$85.270.92%
$84.00Jul 27$0.43$0.36$0.79$83.21$84.790.94%
$83.50Jul 24$0.71$0.15$0.86$82.64$84.361.02%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 200 found (cheapest 0.07% of stock, avg 0.75%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$85.00$83.00Jul 22$0.03$0.03$0.06$82.94$85.06
$86.00$82.00Jul 27$0.03$0.04$0.07$81.93$86.07
$85.50$82.50Jul 24$0.04$0.04$0.08$82.42$85.58
$86.00$82.50Jul 27$0.03$0.05$0.08$82.42$86.08
$85.50$82.00Jul 27$0.06$0.04$0.10$81.90$85.60
$86.50$82.00Jul 29$0.04$0.06$0.10$81.90$86.60
$84.50$83.00Jul 22$0.08$0.03$0.11$82.89$84.61
$85.00$83.50Jul 22$0.03$0.08$0.11$83.39$85.11
$85.00$82.50Jul 24$0.07$0.04$0.11$82.39$85.11
$85.50$83.00Jul 24$0.04$0.07$0.11$82.89$85.61

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 14 found (best R:R 3.55, avg credit $0.35)

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
83/8484/84Jul 29$0.34$0.162.13$83.16$84.34
83/8484/84Jul 27$0.32$0.181.78$83.18$84.32
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$0.58$0.421.38$82.42$84.58
84/8484/85Jul 27$0.28$0.221.27$83.72$84.78

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 78 found (best R:R 19.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$79.00$80.00$81.00Aug 21$0.05$0.9519.00
$80.50$82.00$83.50Jul 29$0.15$1.359.00
$85.00$86.00$87.00Aug 3$0.10$0.909.00
$82.50$83.00$83.50Aug 14$0.05$0.459.00
$84.00$84.50$85.00Aug 14$0.05$0.459.00
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$86.00$87.00$88.00Aug 21$0.05$0.9519.00
$82.50$83.00$83.50Aug 7$0.05$0.459.00
$83.50$84.00$84.50Aug 7$0.05$0.459.00
$85.00$85.50$86.00Aug 14$0.05$0.459.00
$82.00$82.50$83.00Aug 21$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. 134 found (best net $--, 115 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
$74.00$70.001:2Jul 24-$0.01$3.99
$80.00$78.001:2Aug 3$0.00$2.00

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 57 found (best yield 1.27%, avg 0.36%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$84.00Aug 28$1.070.470.0%1.27%1.27%12413
$84.00Aug 21$0.930.470.0%1.11%1.11%94523.1K
$84.50Aug 28$0.830.410.6%0.99%1.58%674.1K
$84.00Aug 14$0.810.470.0%0.96%0.96%2638
$84.50Aug 21$0.700.390.6%0.83%1.43%160--
$84.00Aug 7$0.690.470.0%0.82%0.82%5599
$85.00Aug 28$0.630.341.2%0.75%1.94%21703
$84.00Jul 31$0.620.510.0%0.74%0.74%2385.7K
$84.00Aug 3$0.620.470.0%0.74%0.74%15--
$84.50Aug 14$0.580.380.6%0.69%1.29%8962

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 102,855
Total Puts 37,794
Put/Call Ratio 0.37
Net Difference 65,061

Prior's Put/Call Breakdown

Total Calls 131,162
Total Puts 50,785
Put/Call Ratio 0.39
Net Difference 80,377

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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