Tour v365
TLT
iShares 20+ Year Treasury Bond ETF
$83.86 -0.79%
(7/20 13:00) ◀
|
Monday, July 20, 2026 (2:00pm)
January 2026
|
▶ (7/20 15:00)
◀ 7/20 14:00 ▶

Option Volume

Detail
ℹ
Current (07/20 2:00pm) 214,881
Calls: 155,107 (72%)
Puts: 59,774 (28%)
Prior (07/17) 279,160
Calls: 213,027 (76%)
Puts: 66,133 (24%)
Current vs Prior -23.03%
Calls: -27.19% (Calls)
Puts: -9.62% (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 -48.21%
Calls: -43.49%
Puts: -57.42%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (07/20 2:00pm) $29.21M
Calls: $26.16M (90%)
Puts: $3.05M (10%)
Prior (07/17) $52.40M
Calls: $49.46M (94%)
Puts: $2.94M (6%)
Current vs Prior -44.26%
Calls: -47.10%
Puts: +3.63%
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 -48.12%
Calls: -45.12%
Puts: -64.70%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/20 2:00pm) 0.39
Prior (07/17) 0.31
Current vs Prior +24.14%
Prior 7-Day Average 0.51
Current vs Prior 7-Day Avg -25.11%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (07/20 2:00pm) 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 0.61% | 0.94%1.20% | 1.73%0.61% | 2.65%
Prior 0.85% | 1.05%0.60% | 1.23%0.60% | 2.97%
Current vs Prior -28.61% | -10.54%+99.60% | +40.52%+0.80% | -10.86%
Prior 7-Day Avg 0.92% | 1.13%0.93% | 1.48%0.94% | 3.15%
Current vs 7-Day Avg -33.58% | -16.70%+29.80% | +16.67%-35.01% | -15.92%
Prior 7-Day Eod 0.85% | 1.05%0.66% | 1.27%0.66% | 2.97%
Current vs 7-Day Eod -28.61% | -10.54%+81.77% | +36.58%-8.21% | -10.86%
Sentiment BULLISHBEARISHBEARISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 22.77% | 3.70%
Calls: 14.29% | 4.17%
Puts: 31.25% | 3.23%
Prior 9.25% | 4.88%
Calls: 4.76% | 6.25%
Puts: 13.73% | 3.51%
Current vs Prior +146.16% | -24.18%
Prior 7-Day Avg 6.28% | 3.16%
Calls: 5.72% | 2.78%
Puts: 6.84% | 3.53%
Current vs 7-Day Avg +262.41% | +17.25%
Liquidity Acceptable
+
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🤖 AI Insights

Strong bullish conviction with 90% of dollar volume in calls ($26.16M) vs puts ($3.05M). Extreme bullish P/C ratio of 0.39 - heavy call buying (155,107 calls vs 59,774 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
14:00BULLISHBULLISHBULLISH
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 317 of results (avg 2.9%, best 0.6%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$83.00Aug 281.591.60$1.600.6%410.62126
$70.00Jul 3113.9014.00$13.950.7%61.0021
$70.00Jul 2413.8513.95$13.900.7%41.004
$83.00Aug 141.351.36$1.360.7%470.65265
$83.50Aug 281.281.29$1.290.8%220.53193
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$100.00Jul 2016.1016.20$16.150.6%181.00--
$84.00Aug 211.061.07$1.070.9%2.0K0.5650.7K
$99.00Jul 2015.0515.20$15.131.0%171.00--
$98.00Jul 2014.0514.20$14.131.1%431.00--
$85.00Aug 281.741.76$1.751.1%1010.68550

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 135 found (avg $0.34, cheapest $0.06)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$85.00Jul 240.050.06$0.0616.7%1.2K0.1238.2K
$88.00Aug 140.050.06$0.0616.7%5200.05915
$88.50Aug 210.050.06$0.0616.7%110.05--
$89.50Aug 280.050.06$0.0616.7%10.04136
$87.00Aug 70.060.07$0.0714.3%640.072.0K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$82.50Jul 270.050.06$0.0616.7%750.10176
$80.00Aug 70.050.06$0.0616.7%1.5K0.063.2K
$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. 236 found (avg delta 0.90, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$77.00Jul 226.806.95$6.882.2%--1.0032
$78.00Jul 225.805.95$5.882.6%--1.0014
$80.00Jul 223.803.95$3.883.9%21.00--
$80.50Jul 223.303.45$3.384.4%51.00--
$81.00Jul 222.852.90$2.881.7%41.0014
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$85.00Jul 201.131.17$1.153.5%371.00340
$85.50Jul 201.631.67$1.652.4%431.00136
$86.00Jul 202.122.18$2.152.8%151.003
$87.00Jul 203.053.20$3.134.8%91.00--
$87.50Jul 203.553.70$3.634.1%131.00--

Most actively traded options today. High liquidity = easy entry/exit. 382 active (total vol 214.7K, top 16.8K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$87.00Aug 210.120.13$0.137.7%16.8K0.1030.8K
$80.00Jul 313.954.05$4.002.5%14.5K0.97220
$79.50Jul 314.404.55$4.473.4%13.6K0.985
$80.00Jul 293.904.00$3.952.5%11.3K0.98201
$80.50Jul 293.403.50$3.452.9%11.3K0.971
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$84.00Jul 220.300.31$0.313.2%5.4K0.591.6K
$82.00Aug 210.340.35$0.352.9%4.2K0.2436.4K
$84.00Jul 200.130.18$0.1631.2%3.5K0.836.1K
$81.00Aug 30.070.08$0.0812.5%3.3K0.08--
$84.50Jul 240.720.75$0.744.1%2.8K0.7619.8K

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 748.9%, max 1794.6%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$71.00Jul 20Aug 21385.9%20.4%1794.6%50734
$70.00Jul 20Aug 21415.6%22.0%1791.6%129126
$75.00Jul 20Aug 21269.1%16.0%1577.8%7774
$93.00Jul 20Aug 28248.5%15.3%1528.2%1957
$76.00Jul 20Aug 21240.3%15.4%1462.2%12296
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$96.00Jul 20Aug 21315.3%19.6%1506.6%145136
$94.00Jul 20Aug 21271.2%17.0%1496.0%72212
$95.00Jul 20Aug 21293.5%18.4%1492.5%145137
$93.00Jul 20Aug 21248.5%15.7%1479.0%72140
$92.00Jul 20Aug 21225.4%15.4%1362.6%16257

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 71 found (best R:R 6.69, avg 1.73)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$85.00$86.00Aug 3$0.13$0.87$0.136.69$85.13
$85.00$85.50Aug 7$0.10$0.40$0.104.00$85.10
$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
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$83.00$82.00Aug 3$0.20$0.80$0.204.00$82.80
$83.50$83.00Jul 24$0.11$0.39$0.113.55$83.39
$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. 98 found (best R:R 24.00, avg 1.72)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$82.00$83.00Jul 27$0.90$0.90$0.109.00$82.90
$82.00$83.00Aug 3$0.85$0.85$0.155.67$82.85
$82.00$82.50Aug 14$0.40$0.40$0.104.00$82.40
$82.00$82.50Aug 21$0.39$0.39$0.113.55$82.39
$83.00$83.50Jul 24$0.38$0.38$0.123.17$83.38
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$88.00$85.00Aug 3$2.88$2.88$0.1224.00$85.12
$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
$85.00$84.50Jul 29$0.39$0.39$0.113.55$84.61
$85.50$85.00Aug 21$0.38$0.38$0.123.17$85.12

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 22 found (avg debit $0.14, cheapest $0.05)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$70.00Jul 20Jul 24$0.05415.6%62.7%
$83.00Jul 20Jul 22$0.0534.0%10.8%
$81.50Jul 20Jul 24$0.0680.7%14.5%
$75.00Jul 20Jul 24$0.08269.1%40.6%
$72.00Jul 20Aug 3$0.10356.4%28.6%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$83.50Jul 20Jul 22$0.1016.7%9.6%
$84.00Jul 20Jul 22$0.1511.5%9.5%
$90.00Jul 20Aug 7$0.18177.4%15.2%
$91.00Jul 20Aug 7$0.18201.7%17.1%
$94.00Jul 20Aug 21$0.18271.2%17.0%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 211 found (cheapest 0.21% of stock, avg 4.52%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$84.00Jul 20$0.02$0.16$0.18$83.82$84.180.21%
$83.50Jul 20$0.35$0.01$0.36$83.14$83.860.43%
$84.00Jul 22$0.18$0.31$0.49$83.51$84.490.58%
$83.50Jul 22$0.48$0.11$0.59$82.91$84.090.70%
$84.50Jul 20$0.01$0.66$0.67$83.83$85.170.80%
$84.00Jul 24$0.31$0.40$0.71$83.29$84.710.85%
$84.50Jul 22$0.05$0.68$0.73$83.77$85.230.87%
$84.00Jul 27$0.36$0.44$0.80$83.20$84.800.95%
$83.50Jul 24$0.61$0.20$0.81$82.69$84.310.97%
$83.00Jul 20$0.86$0.01$0.87$82.13$83.871.04%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 198 found (cheapest 0.04% of stock, avg 0.77%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$84.00$83.50Jul 20$0.02$0.01$0.03$83.47$84.03
$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
$84.50$83.00Jul 22$0.05$0.04$0.09$82.91$84.59
$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
$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$82.50Jul 27$0.05$0.06$0.11$82.39$85.61

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 9 found (best R:R 3.55, avg credit $0.40)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
82/8384/84Aug 28$0.39$0.113.55$82.61$84.39
83/8484/85Aug 28$0.39$0.113.55$83.11$84.89
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
82/8284/85Aug 28$0.32$0.181.78$82.18$84.82
83/8484/84Jul 27$0.30$0.201.50$83.20$84.30
83/8485/86Aug 3$0.57$0.431.33$83.43$85.57
82/8384/85Aug 3$0.55$0.451.22$82.45$84.55
82/8385/86Aug 3$0.33$0.670.49$82.67$85.33

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 76 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
$76.00$77.00$78.00Jul 20$0.06$0.9415.67
$78.00$79.00$80.00Aug 14$0.07$0.9313.29
$85.00$86.00$87.00Aug 3$0.09$0.9110.11
$83.00$83.50$84.00Jul 31$0.05$0.459.00
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$87.00$88.00$89.00Aug 21$0.05$0.9519.00
$82.50$83.00$83.50Jul 22$0.05$0.459.00
$82.50$83.00$83.50Jul 31$0.05$0.459.00
$82.00$82.50$83.00Aug 7$0.05$0.459.00
$83.00$83.50$84.00Aug 14$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. 52 found (best yield 1.20%, avg 0.35%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$84.00Aug 28$1.010.450.2%1.20%1.37%44413
$84.00Aug 21$0.880.450.2%1.05%1.22%2.7K23.1K
$84.50Aug 28$0.780.390.8%0.93%1.69%874.1K
$84.00Aug 14$0.750.440.2%0.89%1.06%645638
$84.50Aug 21$0.650.370.8%0.78%1.54%278--
$84.00Aug 7$0.630.430.2%0.75%0.92%30599
$85.00Aug 28$0.590.321.4%0.70%2.06%82703
$84.00Aug 3$0.560.440.2%0.67%0.83%594--
$84.00Jul 31$0.550.470.2%0.66%0.82%1.3K5.7K
$84.50Aug 14$0.530.350.8%0.63%1.40%14962

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 155,107
Total Puts 59,774
Put/Call Ratio 0.39
Net Difference 95,333

Prior's Put/Call Breakdown

Total Calls 213,027
Total Puts 66,133
Put/Call Ratio 0.31
Net Difference 146,894

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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