Tour v365
TLT
iShares 20+ Year Treasury Bond ETF
$83.87 -0.77%
(7/20 12:00) ◀
|
Monday, July 20, 2026 (1:00pm)
January 2026
|
▶ (7/20 14:00)
◀ 7/20 13:00 ▶

Option Volume

Detail
ℹ
Current (07/20 1:00pm) 193,297
Calls: 143,254 (74%)
Puts: 50,043 (26%)
Prior (07/17) 237,492
Calls: 178,961 (75%)
Puts: 58,531 (25%)
Current vs Prior -18.61%
Calls: -19.95% (Calls)
Puts: -14.50% (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 -53.41%
Calls: -47.81%
Puts: -64.35%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (07/20 1:00pm) $28.04M
Calls: $25.41M (91%)
Puts: $2.63M (9%)
Prior (07/17) $39.48M
Calls: $36.93M (94%)
Puts: $2.55M (6%)
Current vs Prior -28.99%
Calls: -31.21%
Puts: +3.15%
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 -50.21%
Calls: -46.71%
Puts: -69.53%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/20 1:00pm) 0.35
Prior (07/17) 0.33
Current vs Prior +6.81%
Prior 7-Day Average 0.51
Current vs Prior 7-Day Avg -32.12%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (07/20 1:00pm) 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 0.62% | 0.94%1.18% | 1.72%0.62% | 2.63%
Prior 0.85% | 1.05%0.60% | 1.23%0.60% | 2.97%
Current vs Prior -27.22% | -10.55%+95.62% | +39.53%+2.75% | -11.27%
Prior 7-Day Avg 0.92% | 1.13%0.93% | 1.48%0.94% | 3.15%
Current vs 7-Day Avg -32.29% | -16.71%+27.21% | +15.84%-33.75% | -16.31%
Prior 7-Day Eod 0.85% | 1.05%0.66% | 1.27%0.66% | 2.97%
Current vs 7-Day Eod -27.22% | -10.55%+78.15% | +35.62%-6.43% | -11.27%
Sentiment BULLISHBEARISHBEARISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 16.12% | 3.71%
Calls: 18.92% | 4.08%
Puts: 13.33% | 3.33%
Prior 9.25% | 4.88%
Calls: 4.76% | 6.25%
Puts: 13.73% | 3.51%
Current vs Prior +74.27% | -23.98%
Prior 7-Day Avg 6.28% | 3.16%
Calls: 5.72% | 2.78%
Puts: 6.84% | 3.53%
Current vs 7-Day Avg +156.57% | +17.56%
Liquidity Acceptable
+
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🤖 AI Insights

Strong bullish conviction with 91% of dollar volume in calls ($25.41M) vs puts ($2.63M). Extreme bullish P/C ratio of 0.35 - heavy call buying (143,254 calls vs 50,043 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 NEUTRAL
Prior BULLISH
7-Day Avg BULLISH
Sentiment Timeline (Today)
TimeSmart MoneyRetailOverall
13:00BULLISHBULLISHBULLISH
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 314 of results (avg 3.0%, best 0.7%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$83.00Aug 211.461.47$1.470.7%3780.647.7K
$70.00Jul 2413.8513.95$13.900.7%41.004
$83.00Aug 141.351.36$1.360.7%420.66265
$83.50Aug 281.281.29$1.290.8%220.53193
$83.50Aug 211.141.15$1.150.9%130.54--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$100.00Jul 2016.0516.20$16.130.9%181.00--
$84.00Aug 211.051.06$1.060.9%1.9K0.5650.7K
$99.00Jul 2015.0515.20$15.131.0%171.00--
$98.00Jul 2014.0514.20$14.131.1%431.00--
$97.00Jul 2013.0513.20$13.131.1%431.00--

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 137 found (avg $0.33, cheapest $0.06)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$84.50Jul 220.050.06$0.0616.7%7340.163.8K
$85.00Jul 240.050.06$0.0616.7%1.1K0.1238.2K
$88.00Aug 140.050.06$0.0616.7%5100.05915
$89.00Aug 210.050.06$0.0616.7%1870.0447.7K
$89.50Aug 280.050.06$0.0616.7%10.04136
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$82.50Jul 270.050.06$0.0616.7%750.10176
$80.00Aug 70.050.06$0.0616.7%4520.063.2K
$79.00Aug 140.050.06$0.0616.7%10.05936
$78.00Aug 280.050.06$0.0616.7%20.04344
$82.00Jul 290.060.07$0.0714.3%6080.10634

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 233 found (avg delta 0.90, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$80.00Jul 273.854.00$3.933.8%51.0069
$80.50Jul 273.353.50$3.434.4%21.002
$72.00Aug 311.9012.05$11.981.3%181.00--
$73.00Aug 310.9011.05$10.981.4%291.00--
$75.00Aug 78.909.05$8.981.7%--1.0081
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$84.50Jul 200.610.66$0.647.8%9131.006.2K
$85.00Jul 201.111.16$1.144.4%371.00340
$85.50Jul 201.611.67$1.643.7%431.00136
$87.00Jul 203.053.20$3.134.8%61.00--
$87.50Jul 203.553.70$3.634.1%101.00--

Most actively traded options today. High liquidity = easy entry/exit. 372 active (total vol 193.1K, top 16.7K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$87.00Aug 210.120.13$0.137.7%16.7K0.1030.8K
$80.00Jul 313.954.05$4.002.5%14.2K0.97220
$79.50Jul 314.454.55$4.502.2%13.3K0.985
$80.00Jul 293.904.00$3.952.5%11.3K0.98201
$80.50Jul 293.403.55$3.474.3%11.3K0.971
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$84.00Jul 220.290.30$0.303.3%5.2K0.591.6K
$82.00Aug 210.330.34$0.342.9%3.6K0.2436.4K
$81.00Aug 30.060.07$0.0714.3%3.3K0.08--
$84.00Jul 200.140.16$0.1513.3%2.9K0.786.1K
$81.50Jul 240.010.02$0.0250.0%2.4K0.036.4K

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 608.6%, max 1477.1%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$71.00Jul 20Aug 21321.0%20.4%1477.1%50534
$70.00Jul 20Aug 21345.7%22.0%1474.6%127126
$75.00Jul 20Aug 21224.0%16.0%1297.3%7774
$93.00Jul 20Aug 28206.2%15.2%1252.5%1957
$76.00Jul 20Aug 21200.0%15.4%1201.3%12296
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$96.00Jul 20Aug 21261.7%19.6%1234.5%145136
$94.00Jul 20Aug 21225.1%17.0%1225.4%71212
$95.00Jul 20Aug 21243.6%18.4%1222.7%145137
$93.00Jul 20Aug 21206.2%15.7%1211.0%71140
$92.00Jul 20Aug 21187.0%15.4%1114.3%16257

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 69 found (best R:R 7.33, avg 1.75)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$85.00$86.00Aug 3$0.12$0.88$0.127.33$85.12
$84.50$85.00Jul 29$0.12$0.38$0.123.17$84.62
$85.00$85.50Aug 14$0.12$0.38$0.123.17$85.12
$85.50$86.00Aug 28$0.12$0.38$0.123.17$85.62
$84.00$84.50Jul 22$0.13$0.37$0.132.85$84.13
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$83.00$82.00Aug 3$0.20$0.80$0.204.00$82.80
$82.50$82.00Aug 7$0.10$0.40$0.104.00$82.40
$82.50$82.00Aug 14$0.11$0.39$0.113.55$82.39
$83.50$83.00Jul 27$0.12$0.38$0.123.17$83.38
$82.50$82.00Aug 21$0.12$0.38$0.123.17$82.38

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 94 found (best R:R 40.67, avg 1.94)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$73.00$83.00Aug 3$9.76$9.76$0.2440.67$82.76
$82.50$83.00Aug 7$0.39$0.39$0.113.55$82.89
$82.00$82.50Aug 21$0.39$0.39$0.113.55$82.39
$83.00$83.50Jul 27$0.38$0.38$0.123.17$83.38
$82.00$82.50Aug 28$0.38$0.38$0.123.17$82.38
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$88.00$85.00Aug 3$2.84$2.84$0.1617.75$85.16
$85.00$84.50Jul 29$0.40$0.40$0.104.00$84.60
$85.50$85.00Aug 14$0.40$0.40$0.104.00$85.10
$86.00$85.50Aug 28$0.40$0.40$0.104.00$85.60
$85.50$85.00Aug 21$0.39$0.39$0.113.55$85.11

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 20 found (avg debit $0.15, cheapest $0.06)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$81.50Jul 20Jul 24$0.0667.5%14.5%
$79.00Jul 20Jul 29$0.07128.3%15.6%
$83.00Jul 20Jul 22$0.0828.6%10.8%
$71.00Jul 20Aug 21$0.10321.0%20.4%
$72.00Jul 20Aug 3$0.10296.5%28.5%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$83.50Jul 20Jul 22$0.1014.3%9.6%
$84.00Jul 20Jul 22$0.1511.1%9.3%
$92.00Jul 20Aug 21$0.19187.0%15.4%
$93.00Jul 20Aug 7$0.19206.2%18.3%
$88.50Jul 20Aug 7$0.20115.8%14.0%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 208 found (cheapest 0.21% of stock, avg 4.54%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$84.00Jul 20$0.03$0.15$0.18$83.82$84.180.21%
$83.50Jul 20$0.37$0.01$0.38$83.12$83.880.45%
$84.00Jul 22$0.19$0.30$0.49$83.51$84.490.58%
$83.50Jul 22$0.49$0.11$0.60$82.90$84.100.72%
$84.50Jul 20$0.01$0.64$0.65$83.85$85.150.78%
$84.00Jul 24$0.30$0.39$0.69$83.31$84.690.82%
$84.50Jul 22$0.06$0.67$0.73$83.77$85.230.87%
$83.50Jul 24$0.60$0.18$0.78$82.72$84.280.93%
$84.00Jul 27$0.36$0.43$0.79$83.21$84.790.94%
$84.50Jul 24$0.13$0.72$0.85$83.65$85.351.01%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 201 found (cheapest 0.05% of stock, avg 0.76%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$84.00$83.50Jul 20$0.03$0.01$0.04$83.46$84.04
$85.00$83.00Jul 22$0.02$0.04$0.06$82.94$85.06
$85.50$82.00Jul 24$0.03$0.03$0.06$81.94$85.56
$85.50$82.50Jul 24$0.03$0.04$0.07$82.43$85.57
$85.00$82.00Jul 24$0.06$0.03$0.09$81.91$85.09
$85.50$82.00Jul 27$0.05$0.04$0.09$81.91$85.59
$84.50$83.00Jul 22$0.06$0.04$0.10$82.90$84.60
$85.00$82.50Jul 24$0.06$0.04$0.10$82.40$85.10
$86.00$81.50Jul 29$0.05$0.05$0.10$81.40$86.10
$85.50$83.00Jul 24$0.03$0.08$0.11$82.89$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 $0.39)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
82/8284/84Aug 28$0.39$0.113.55$82.11$83.89
82/8384/84Aug 28$0.39$0.113.55$82.61$84.39
83/8484/85Aug 28$0.39$0.113.55$83.11$84.89
82/8284/84Aug 28$0.35$0.152.33$82.15$84.35
82/8384/85Aug 28$0.35$0.152.33$82.65$84.85
83/8484/84Jul 27$0.31$0.191.63$83.19$84.31
82/8284/85Aug 28$0.31$0.191.63$82.19$84.81
82/8384/85Aug 3$0.56$0.441.27$82.44$84.56
83/8485/86Aug 3$0.54$0.461.17$83.46$85.54
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. 74 found (best R:R 19.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$77.00$78.00$79.00Aug 14$0.05$0.9519.00
$79.00$80.00$81.00Aug 14$0.08$0.9211.50
$85.00$86.00$87.00Aug 3$0.09$0.9110.11
$83.00$83.50$84.00Jul 31$0.05$0.459.00
$83.00$83.50$84.00Aug 21$0.05$0.459.00
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$80.00$81.00$82.00Aug 3$0.06$0.9415.67
$82.50$83.00$83.50Jul 22$0.05$0.459.00
$82.50$83.00$83.50Jul 31$0.05$0.459.00
$83.00$83.50$84.00Aug 14$0.05$0.459.00
$82.50$83.00$83.50Aug 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. 133 found (best net $--, 119 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
$76.00$74.001:2Jul 24-$0.01$1.99

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 53 found (best yield 1.20%, avg 0.34%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$84.00Aug 28$1.010.460.2%1.20%1.36%43413
$84.00Aug 21$0.870.450.2%1.04%1.19%2.4K23.1K
$84.50Aug 28$0.780.390.8%0.93%1.68%734.1K
$84.00Aug 14$0.750.440.2%0.89%1.05%645638
$84.50Aug 21$0.650.370.8%0.78%1.53%261--
$84.00Aug 7$0.630.430.2%0.75%0.91%7599
$85.00Aug 28$0.590.321.4%0.70%2.05%70703
$84.00Aug 3$0.560.440.2%0.67%0.82%15--
$84.00Jul 31$0.550.470.2%0.66%0.81%3775.7K
$84.50Aug 14$0.530.350.8%0.63%1.38%9962

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 143,254
Total Puts 50,043
Put/Call Ratio 0.35
Net Difference 93,211

Prior's Put/Call Breakdown

Total Calls 178,961
Total Puts 58,531
Put/Call Ratio 0.33
Net Difference 120,430

Prior 7-Day Put/Call Summary

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

Price — Past 7 Days

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