Tour v365
TLT
iShares 20+ Year Treasury Bond ETF
$83.89 -0.75%
$83.92 (+0.04%)🌙
as of 07/20 04:00 PM
(7/20 15:12) ◀
|
Monday, July 20, 2026 (4:00pm)
January 2026
|
▶ (7/20 19:10)
◀ 7/20 16:00 ▶

Option Volume

Detail
ℹ
Current (07/20 4:00pm) 300,890
Calls: 221,072 (73%)
Puts: 79,818 (27%)
Prior (07/17) 407,450
Calls: 322,087 (79%)
Puts: 85,363 (21%)
Current vs Prior -26.15%
Calls: -31.36% (Calls)
Puts: -6.50% (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 -27.47%
Calls: -19.46%
Puts: -43.14%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (07/20 4:00pm) $45.82M
Calls: $41.42M (90%)
Puts: $4.40M (10%)
Prior (07/17) $63.65M
Calls: $60.04M (94%)
Puts: $3.61M (6%)
Current vs Prior -28.01%
Calls: -31.01%
Puts: +21.96%
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 -18.62%
Calls: -13.12%
Puts: -49.00%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/20 4:00pm) 0.36
Prior (07/17) 0.27
Current vs Prior +36.23%
Prior 7-Day Average 0.51
Current vs Prior 7-Day Avg -29.85%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (07/20 4:00pm) 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% | 0.95%1.22% | 1.73%0.62% | 2.62%
Prior 0.85% | 1.05%0.60% | 1.23%0.60% | 2.97%
Current vs Prior +11.95% | +15.47%+101.51% | +40.47%+2.73% | -11.69%
Prior 7-Day Avg 0.92% | 1.13%0.93% | 1.48%0.94% | 3.15%
Current vs 7-Day Avg +4.15% | +7.51%+31.04% | +16.63%-33.76% | -16.70%
Prior 7-Day Eod 0.85% | 1.05%0.66% | 1.27%0.66% | 2.97%
Current vs 7-Day Eod +11.95% | +15.47%+83.50% | +36.53%-6.44% | -11.69%
Sentiment BEARISHBEARISHBEARISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 4.68% | 2.12%
Calls: 5.66% | 1.54%
Puts: 3.70% | 2.70%
Prior 9.25% | 4.88%
Calls: 4.76% | 6.25%
Puts: 13.73% | 3.51%
Current vs Prior -49.41% | -56.56%
Prior 7-Day Avg 6.28% | 3.16%
Calls: 5.72% | 2.78%
Puts: 6.84% | 3.53%
Current vs 7-Day Avg -25.51% | -32.82%
Liquidity Good
+
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🤖 AI Insights

Strong bullish conviction with 90% of dollar volume in calls ($41.42M) vs puts ($4.40M). Extreme bullish P/C ratio of 0.36 - heavy call buying (221,072 calls vs 79,818 puts). P/C ratio rising 36% - increased hedging/bearish positioning. 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
16:00BULLISHBULLISHBULLISH
15:00BULLISHBULLISHBULLISH
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 321 of results (avg 3.4%, best 0.9%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$84.00Aug 281.041.05$1.051.0%470.46413
$69.00Aug 2114.9515.10$15.021.0%--1.00134
$82.50Aug 281.971.99$1.981.0%--0.7133
$70.00Jul 3113.9514.10$14.021.1%141.0021
$70.00Aug 2113.9514.10$14.021.1%181.00126
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$100.00Jul 2016.0016.15$16.080.9%181.00--
$84.00Aug 211.021.03$1.021.0%3.0K0.5550.7K
$99.00Jul 2015.0015.15$15.081.0%171.00--
$98.00Jul 2014.0014.15$14.081.1%431.00--
$97.00Jul 2013.0013.15$13.081.1%431.00--

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 134 found (avg $0.33, cheapest $0.06)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$84.50Jul 220.050.06$0.0616.7%1.7K0.173.8K
$88.00Aug 140.050.06$0.0616.7%5200.05915
$89.00Aug 210.050.06$0.0616.7%2680.0447.7K
$89.50Aug 280.050.06$0.0616.7%10.04136
$85.00Jul 240.060.07$0.0714.3%1.5K0.1438.2K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$82.50Jul 270.050.06$0.0616.7%1100.10176
$82.00Jul 290.050.06$0.0616.7%6480.08634
$81.50Jul 310.050.06$0.0616.7%1.8K0.073.5K
$80.00Aug 70.050.06$0.0616.7%1.5K0.063.2K
$78.00Aug 280.050.06$0.0616.7%20.04344

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 248 found (avg delta 0.90, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$72.00Aug 311.9512.10$12.021.2%181.00--
$73.00Aug 310.9511.10$11.021.4%291.00--
$76.00Aug 37.958.10$8.031.9%141.00--
$77.00Aug 36.957.10$7.032.1%21.00--
$75.00Aug 78.959.10$9.021.7%--1.0081
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$85.00Jul 201.021.14$1.0811.1%1661.00340
$85.50Jul 201.521.64$1.587.6%661.00136
$86.00Jul 202.022.14$2.085.8%481.003
$86.50Jul 202.522.64$2.584.7%171.00--
$87.00Jul 203.003.15$3.084.9%191.00--

Most actively traded options today. High liquidity = easy entry/exit. 410 active (total vol 300.7K, top 22.3K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$80.00Jul 314.004.15$4.083.7%22.3K0.97220
$79.50Jul 314.454.65$4.554.4%21.4K0.985
$80.00Jul 293.954.10$4.033.7%19.2K0.98201
$80.50Jul 293.453.60$3.534.2%19.2K0.971
$87.00Aug 210.120.13$0.137.7%16.8K0.1030.8K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$84.00Jul 220.260.27$0.273.7%5.8K0.551.6K
$82.00Aug 210.320.33$0.333.0%4.7K0.2436.4K
$84.00Jul 200.080.12$0.1040.0%4.3K0.916.1K
$81.00Aug 30.060.07$0.0714.3%3.6K0.07--
$84.50Jul 240.670.70$0.694.3%3.3K0.7419.8K

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 1661.6%, max 3892.2%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$71.00Jul 20Aug 21817.4%20.5%3892.2%53534
$70.00Jul 20Aug 21880.3%22.1%3886.5%157126
$75.00Jul 20Aug 21570.7%16.2%3432.7%8774
$93.00Jul 20Aug 28523.3%15.2%3350.2%1957
$77.00Jul 20Aug 21449.1%13.7%3189.4%53252
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$96.00Jul 20Aug 21664.5%19.5%3298.9%145136
$95.00Jul 20Aug 21618.3%18.4%3266.7%145137
$94.00Jul 20Aug 21571.3%17.0%3262.6%72212
$93.00Jul 20Aug 21523.3%15.7%3239.8%72140
$92.00Jul 20Aug 21474.4%15.3%2994.3%16257

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 72 found (best R:R 6.14, avg 1.78)

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$0.10$0.40$0.104.00$84.60
$85.00$85.50Aug 7$0.10$0.40$0.104.00$85.10
$85.50$86.00Aug 21$0.11$0.39$0.113.55$85.61
$85.00$85.50Aug 14$0.12$0.38$0.123.17$85.12
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$83.00$82.00Aug 3$0.19$0.81$0.194.26$82.81
$82.00$81.50Aug 28$0.10$0.40$0.104.00$81.90
$83.50$83.00Jul 27$0.11$0.39$0.113.55$83.39
$82.50$82.00Aug 14$0.11$0.39$0.113.55$82.39
$82.50$82.00Aug 21$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 9.00, avg 1.45)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$82.00$83.00Aug 3$0.87$0.87$0.136.69$82.87
$82.50$83.00Aug 7$0.40$0.40$0.104.00$82.90
$82.00$82.50Aug 21$0.40$0.40$0.104.00$82.40
$83.00$83.50Jul 27$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
$86.00$85.00Aug 3$0.90$0.90$0.109.00$85.10
$86.00$85.50Aug 21$0.40$0.40$0.104.00$85.60
$85.50$85.00Aug 14$0.39$0.39$0.113.55$85.11
$85.00$84.50Jul 29$0.38$0.38$0.123.17$84.62
$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. 20 found (avg debit $0.14, cheapest $0.05)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$70.00Jul 20Jul 24$0.05880.3%63.6%
$75.00Jul 20Jul 24$0.05570.7%41.3%
$79.00Jul 20Jul 29$0.07327.5%15.8%
$81.50Jul 20Jul 24$0.07172.8%15.0%
$71.00Jul 20Aug 21$0.09817.4%20.5%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$83.50Jul 20Jul 22$0.0837.9%9.7%
$84.00Jul 20Jul 22$0.1713.9%9.7%
$95.00Jul 20Aug 7$0.17618.3%21.5%
$96.00Jul 20Aug 21$0.17664.5%19.5%
$89.00Jul 20Aug 7$0.20320.2%14.2%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 220 found (cheapest 0.13% of stock, avg 4.52%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$84.00Jul 20$0.01$0.10$0.11$83.89$84.110.13%
$83.50Jul 20$0.42$0.01$0.43$83.07$83.930.51%
$84.00Jul 22$0.21$0.27$0.48$83.52$84.480.57%
$84.50Jul 20$0.01$0.58$0.59$83.91$85.090.70%
$83.50Jul 22$0.53$0.09$0.62$82.88$84.120.74%
$84.50Jul 22$0.06$0.62$0.68$83.82$85.180.81%
$84.00Jul 24$0.34$0.37$0.71$83.29$84.710.85%
$84.00Jul 27$0.39$0.41$0.80$83.20$84.800.95%
$83.50Jul 24$0.65$0.18$0.83$82.67$84.330.99%
$84.50Jul 24$0.15$0.69$0.84$83.66$85.341.00%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 196 found (cheapest 0.06% of stock, avg 0.77%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$85.00$83.00Jul 22$0.02$0.03$0.05$82.95$85.05
$85.50$82.50Jul 24$0.03$0.04$0.07$82.43$85.57
$84.50$83.00Jul 22$0.06$0.03$0.09$82.91$84.59
$85.50$82.00Jul 27$0.05$0.04$0.09$81.91$85.59
$86.00$81.50Jul 29$0.05$0.04$0.09$81.41$86.09
$85.00$83.50Jul 22$0.02$0.09$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$0.03$0.08$0.11$82.89$85.61
$85.50$82.50Jul 27$0.05$0.06$0.11$82.39$85.61
$86.00$82.00Jul 29$0.05$0.06$0.11$81.89$86.11

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 14 found (best R:R 3.55, avg credit $0.36)

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$0.37$0.132.85$81.63$83.87
82/8284/84Aug 28$0.37$0.132.85$82.13$84.37
82/8284/84Aug 28$0.34$0.162.13$81.66$84.34
82/8384/85Aug 28$0.34$0.162.13$82.66$84.84
82/8284/85Aug 28$0.32$0.181.78$82.18$84.82
83/8484/84Jul 27$0.31$0.191.63$83.19$84.31
84/8484/85Jul 27$0.29$0.211.38$83.71$84.79
82/8284/85Aug 28$0.29$0.211.38$81.71$84.79

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 77 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
$84.50$85.00$85.50Aug 14$0.05$0.459.00
$83.00$83.50$84.00Aug 21$0.05$0.459.00
$84.00$84.50$85.00Aug 21$0.05$0.459.00
$85.00$86.00$87.00Aug 3$0.11$0.898.09
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$82.50$83.00$83.50Jul 22$0.05$0.459.00
$84.50$85.00$85.50Jul 27$0.05$0.459.00
$82.00$82.50$83.00Aug 7$0.05$0.459.00
$84.50$85.00$85.50Aug 21$0.05$0.459.00
$82.50$83.00$83.50Aug 28$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 $--, 123 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. 54 found (best yield 1.24%, avg 0.35%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$84.00Aug 28$1.040.460.1%1.24%1.37%47413
$84.00Aug 21$0.900.460.1%1.07%1.20%4.0K23.1K
$84.50Aug 28$0.800.400.7%0.95%1.68%1074.1K
$84.00Aug 14$0.770.450.1%0.92%1.05%645638
$84.50Aug 21$0.670.380.7%0.80%1.53%356--
$84.00Aug 7$0.650.450.1%0.77%0.91%168599
$85.00Aug 28$0.610.331.3%0.73%2.05%251703
$84.00Jul 31$0.580.480.1%0.69%0.82%1.5K5.7K
$84.00Aug 3$0.580.450.1%0.69%0.82%827--
$84.50Aug 14$0.550.360.7%0.66%1.38%16962

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 221,072
Total Puts 79,818
Put/Call Ratio 0.36
Net Difference 141,254

Prior's Put/Call Breakdown

Total Calls 322,087
Total Puts 85,363
Put/Call Ratio 0.27
Net Difference 236,724

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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