Tour v372
TLT
iShares 20+ Year Treasury Bond ETF
$83.62 -0.33%
(7/20 19:10) ◀
|
Tuesday, July 21, 2026 (10:00am)
January 2026
|
▶ (7/21 11:00)
◀ 7/21 10:00 ▶

Option Volume

Detail
ℹ
Current (07/21 10:00am) 34,490
Calls: 17,188 (50%)
Puts: 17,302 (50%)
Prior (07/20) 38,669
Calls: 26,847 (69%)
Puts: 11,822 (31%)
Current vs Prior -10.81%
Calls: -35.98% (Calls)
Puts: +46.35% (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 -91.69%
Calls: -93.74%
Puts: -87.67%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (07/21 10:00am) $1.85M
Calls: $1.21M (66%)
Puts: $636.4K (34%)
Prior (07/20) $2.21M
Calls: $1.88M (85%)
Puts: $333.6K (15%)
Current vs Prior -16.57%
Calls: -35.60%
Puts: +90.76%
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 -96.72%
Calls: -97.46%
Puts: -92.63%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/21 10:00am) 1.01
Prior (07/20) 0.44
Current vs Prior +128.60%
Prior 7-Day Average 0.51
Current vs Prior 7-Day Avg +95.61%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (07/21 10:00am) 1,706,858
Calls: 1,065,902 (62%)
Puts: 640,956 (38%)
Prior (07/20) 1,656,598
Calls: 1,019,985 (62%)
Puts: 636,613 (38%)
Current vs Prior +3.03%
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 -34.92%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (07/22) | Next (07/24)Expiry (07/24) | Next (07/31)Expiry (08/21) | Next (--)
Current 0.86% | 1.14%1.14% | 1.69%2.67% | --
Prior 0.85% | 1.05%0.60% | 1.23%0.60% | 2.97%
Current vs Prior +1.08% | +7.89%+88.28% | +37.03%+341.96% | --
Prior 7-Day Avg 0.92% | 1.13%0.93% | 1.48%0.94% | 3.15%
Current vs 7-Day Avg -5.96% | +0.45%+22.44% | +13.77%+184.94% | --
Prior 7-Day Eod 0.85% | 1.05%1.22% | 1.72%0.60% | 2.65%
Current vs 7-Day Eod +1.08% | +7.89%-6.56% | -1.77%+347.45% | --
Sentiment BEARISHBEARISHBEARISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 4.06% | 3.08%
Calls: 3.57% | 2.38%
Puts: 4.55% | 3.77%
Prior 9.25% | 4.88%
Calls: 4.76% | 6.25%
Puts: 13.73% | 3.51%
Current vs Prior -56.11% | -36.89%
Prior 7-Day Avg 6.28% | 3.16%
Calls: 5.72% | 2.78%
Puts: 6.84% | 3.53%
Current vs 7-Day Avg -35.38% | -2.40%
Liquidity Acceptable
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🤖 AI Insights

Moderately bullish flow with 66% call dollar volume ($1.21M). Slightly bearish P/C ratio of 1.01. P/C ratio rising 129% - increased hedging/bearish positioning. Call-heavy open interest (1,065,902 calls vs 640,956 puts) suggests bullish positioning.

Smart Money BULLISH
Retail Flow NEUTRAL
Overall MIXED
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BULLISH
7-Day Avg BULLISH
Current NEUTRAL
Prior BULLISH
7-Day Avg NEUTRAL
Current NEUTRAL
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
10:00BULLISHNEUTRALMIXED

📈 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 280 of results (avg 3.0%, best 0.6%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$82.50Aug 211.631.64$1.630.6%--0.6878
$83.00Aug 281.441.45$1.440.7%150.58130
$70.00Jul 3113.6513.75$13.700.7%--1.0029
$72.00Aug 311.6511.75$11.700.9%--1.0018
$83.50Aug 281.151.16$1.150.9%240.49183
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$84.00Aug 211.201.21$1.210.8%2630.5952.4K
$84.00Aug 30.920.93$0.931.1%--0.6299
$96.00Aug 2112.5012.65$12.581.2%--0.99136
$85.50Aug 282.302.33$2.321.3%--0.77424
$95.00Aug 711.5011.65$11.581.3%--0.9910

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
$85.50Jul 290.050.06$0.0616.7%10.09177
$86.00Jul 310.050.06$0.0616.7%2430.0837.7K
$87.00Aug 70.050.06$0.0616.7%120.062.0K
$88.50Aug 210.050.06$0.0616.7%10.0547
$89.50Aug 280.050.06$0.0616.7%--0.04136
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$81.00Jul 310.050.06$0.0616.7%110.073.4K
$80.00Aug 50.050.06$0.0616.7%10.06--
$79.00Aug 140.050.06$0.0616.7%--0.05936
$80.00Aug 70.060.07$0.0714.3%6020.074.6K
$78.00Aug 280.060.07$0.0714.3%--0.05346

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 198 found (avg delta 0.88, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$70.00Jul 2213.5513.70$13.631.1%511.00--
$71.00Jul 2212.5512.70$12.631.2%511.00--
$72.00Jul 2211.5511.70$11.631.3%591.00--
$73.00Jul 2210.5510.70$10.631.4%591.00--
$74.00Jul 229.559.70$9.631.6%341.00--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$86.00Jul 242.352.41$2.382.5%--1.0054
$88.00Jul 244.354.45$4.402.3%--1.00965
$87.50Jul 313.853.95$3.902.6%--1.0010
$93.50Aug 710.0010.15$10.071.5%--0.9979
$95.00Aug 711.5011.65$11.581.3%--0.9910

Most actively traded options today. High liquidity = easy entry/exit. 247 active (total vol 34.5K, top 3.0K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$84.00Aug 280.900.91$0.911.1%3.0K0.42389
$85.00Aug 210.400.41$0.412.4%9050.2753.9K
$87.50Jul 290.010.02$0.0250.0%7510.024.8K
$84.50Jul 220.010.02$0.0250.0%7160.064.3K
$84.00Jul 240.180.19$0.195.3%6460.337.8K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$81.50Jul 310.070.08$0.0812.5%3.0K0.104.7K
$83.00Jul 240.110.12$0.128.3%2.0K0.232.6K
$83.50Jul 220.150.16$0.166.3%1.0K0.415.1K
$84.50Jul 220.860.93$0.907.8%8540.941.1K
$82.50Jul 220.010.02$0.0250.0%7170.053.2K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 70 strikes (avg 134.2%, max 408.1%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$71.00Jul 22Aug 21103.2%20.3%408.1%5152
$70.00Jul 22Aug 21111.3%21.9%407.2%51126
$75.00Jul 22Aug 2171.4%15.9%349.2%3474
$92.00Jul 22Aug 2863.0%14.4%336.1%--701
$76.00Jul 22Aug 2163.6%15.2%318.0%596
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$79.00Jul 22Aug 2840.0%11.3%255.4%--695
$70.00Jul 24Aug 2869.2%19.8%249.1%--675
$80.00Jul 22Aug 2832.1%10.4%207.1%26978
$74.00Jul 24Aug 2149.3%17.6%180.3%--1.5K
$80.50Jul 22Aug 2828.1%10.1%176.9%3917

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 78 found (best R:R 12.33, avg 1.92)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$85.50$86.00Aug 28$0.10$0.40$0.104.00$85.60
$84.00$84.50Jul 24$0.11$0.39$0.113.55$84.11
$84.50$85.00Jul 31$0.11$0.39$0.113.55$84.61
$84.50$85.00Aug 3$0.11$0.39$0.113.55$84.61
$85.00$85.50Aug 21$0.11$0.39$0.113.55$85.11
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$82.00$80.00Aug 5$0.15$1.85$0.1512.33$81.85
$83.00$82.50Jul 29$0.10$0.40$0.104.00$82.90
$82.50$82.00Aug 3$0.10$0.40$0.104.00$82.40
$82.00$81.50Aug 14$0.10$0.40$0.104.00$81.90
$83.00$82.50Jul 31$0.11$0.39$0.113.55$82.89

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 101 found (best R:R 41.86, avg 1.74)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$76.00$82.00Aug 3$5.86$5.86$0.1441.86$81.86
$82.00$83.00Jul 27$0.89$0.89$0.118.09$82.89
$82.00$82.50Aug 14$0.39$0.39$0.113.55$82.39
$81.50$82.00Aug 28$0.39$0.39$0.113.55$81.89
$83.00$83.50Jul 22$0.38$0.38$0.123.17$83.38
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$85.50$85.00Aug 21$0.40$0.40$0.104.00$85.10
$85.00$84.00Aug 3$0.78$0.78$0.223.55$84.22
$85.00$84.50Aug 7$0.39$0.39$0.113.55$84.61
$84.50$84.00Jul 27$0.38$0.38$0.123.17$84.12
$85.50$85.00Aug 28$0.38$0.38$0.123.17$85.12

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 18 found (avg debit $0.13, cheapest $0.06)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$84.50Jul 22Jul 24$0.0611.7%11.2%
$70.00Jul 22Jul 31$0.07111.3%39.1%
$72.00Jul 22Aug 3$0.0795.2%29.0%
$73.00Jul 22Aug 3$0.0787.2%26.5%
$76.00Jul 22Jul 31$0.0763.6%22.3%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$83.00Jul 22Jul 24$0.0811.1%10.8%
$84.00Jul 22Jul 24$0.0910.4%10.5%
$83.50Jul 22Jul 24$0.1010.5%10.2%
$88.00Jul 24Aug 7$0.2322.5%13.7%
$87.50Jul 31Aug 7$0.2313.3%13.1%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 180 found (cheapest 0.53% of stock, avg 4.53%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$83.50Jul 22$0.28$0.16$0.44$83.06$83.940.53%
$84.00Jul 22$0.07$0.44$0.51$83.49$84.510.61%
$83.50Jul 24$0.42$0.26$0.68$82.82$84.180.81%
$83.00Jul 22$0.66$0.04$0.70$82.30$83.700.84%
$84.00Jul 24$0.19$0.53$0.72$83.28$84.720.86%
$83.50Jul 27$0.48$0.31$0.79$82.71$84.290.94%
$84.00Jul 27$0.24$0.57$0.81$83.19$84.810.97%
$83.00Jul 24$0.78$0.12$0.90$82.10$83.901.08%
$84.50Jul 22$0.02$0.90$0.92$83.58$85.421.10%
$83.00Jul 27$0.83$0.16$0.99$82.01$83.991.18%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 203 found (cheapest 0.05% of stock, avg 0.77%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$84.50$82.50Jul 22$0.02$0.02$0.04$82.46$84.54
$84.50$83.00Jul 22$0.02$0.04$0.06$82.94$84.56
$85.00$82.00Jul 24$0.03$0.03$0.06$81.94$85.06
$85.50$82.00Jul 27$0.03$0.04$0.07$81.93$85.57
$85.00$82.50Jul 24$0.03$0.05$0.08$82.42$85.08
$84.00$82.50Jul 22$0.07$0.02$0.09$82.41$84.09
$85.00$82.00Jul 27$0.05$0.04$0.09$81.91$85.09
$86.00$81.50Jul 29$0.04$0.05$0.09$81.41$86.09
$84.00$83.00Jul 22$0.07$0.04$0.11$82.89$84.11
$84.50$82.00Jul 24$0.08$0.03$0.11$81.89$84.61

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 21 found (best R:R 4.00, avg credit $0.33)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
82/8384/84Aug 3$0.40$0.104.00$82.60$83.90
83/8484/84Aug 3$0.39$0.113.55$83.11$84.39
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$0.36$0.142.57$82.14$84.36
82/8384/84Jul 29$0.35$0.152.33$82.65$83.85
82/8284/84Aug 3$0.35$0.152.33$82.15$83.85
82/8284/84Aug 28$0.35$0.152.33$81.65$83.85
82/8384/85Aug 28$0.35$0.152.33$82.65$84.85

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 65 found (best R:R 15.67, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$75.00$76.00$77.00Aug 7$0.06$0.9415.67
$81.50$82.00$82.50Jul 29$0.05$0.459.00
$82.00$82.50$83.00Aug 7$0.05$0.459.00
$82.50$83.00$83.50Aug 14$0.05$0.459.00
$83.50$84.00$84.50Aug 14$0.05$0.459.00
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$80.00$81.00$82.00Aug 3$0.07$0.9313.29
$84.00$84.50$85.00Jul 24$0.05$0.459.00
$82.00$82.50$83.00Aug 7$0.05$0.459.00
$84.50$85.00$85.50Aug 7$0.05$0.459.00
$84.50$85.00$85.50Aug 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. 129 found (best net $--, 118 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. 50 found (best yield 1.08%, avg 0.30%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$84.00Aug 28$0.900.420.5%1.08%1.53%3.0K389
$84.00Aug 21$0.760.410.5%0.91%1.36%30324.7K
$84.50Aug 28$0.690.351.1%0.83%1.88%804.2K
$84.00Aug 14$0.630.400.5%0.75%1.21%831.1K
$84.50Aug 21$0.560.341.1%0.67%1.72%106247
$85.00Aug 28$0.520.291.6%0.62%2.27%23567
$84.00Aug 7$0.510.390.5%0.61%1.06%93721
$84.50Aug 14$0.440.311.1%0.53%1.58%55974
$84.00Aug 3$0.430.380.5%0.51%0.97%7744
$84.00Jul 31$0.420.410.5%0.50%0.96%4816.7K

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 17,188
Total Puts 17,302
Put/Call Ratio 1.01
Net Difference -114

Prior's Put/Call Breakdown

Total Calls 26,847
Total Puts 11,822
Put/Call Ratio 0.44
Net Difference 15,025

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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