Tour v372
TLT
iShares 20+ Year Treasury Bond ETF
$83.64 -0.30%
(7/21 12:00) ◀
|
Tuesday, July 21, 2026 (1:00pm)
January 2026
|
▶ (7/21 14:00)
◀ 7/21 13:00 ▶

Option Volume

Detail
ℹ
Current (07/21 1:00pm) 162,594
Calls: 120,823 (74%)
Puts: 41,771 (26%)
Prior (07/20) 193,297
Calls: 143,254 (74%)
Puts: 50,043 (26%)
Current vs Prior -15.88%
Calls: -15.66% (Calls)
Puts: -16.53% (Puts)
Prior 7-Day Total 2,661,631
Calls: 1,801,063 (68%)
Puts: 860,568 (32%)
Prior 7-Day Average 380,233
Calls: 257,294 (68%)
Puts: 122,938 (32%)
Current vs Prior 7-Day Avg -57.24%
Calls: -53.04%
Puts: -66.02%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (07/21 1:00pm) $30.33M
Calls: $28.12M (93%)
Puts: $2.21M (7%)
Prior (07/20) $28.04M
Calls: $25.41M (91%)
Puts: $2.63M (9%)
Current vs Prior +8.17%
Calls: +10.67%
Puts: -15.92%
Prior 7-Day Total $370.39M
Calls: $316.65M (85%)
Puts: $53.74M (15%)
Prior 7-Day Average $52.91M
Calls: $45.24M (85%)
Puts: $7.68M (15%)
Current vs Prior 7-Day Avg -42.68%
Calls: -37.84%
Puts: -71.19%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/21 1:00pm) 0.35
Prior (07/20) 0.35
Current vs Prior -1.03%
Prior 7-Day Average 0.48
Current vs Prior 7-Day Avg -28.24%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (07/21 1:00pm) 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 17,375,257
Calls: 10,057,018 (58%)
Puts: 7,318,239 (42%)
Prior 7-Day Average 2,482,179
Calls: 1,436,716 (58%)
Puts: 1,045,462 (42%)
Current vs Prior 7-Day Avg -31.24%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (07/22) | Next (07/24)Expiry (07/24) | Next (07/31)Expiry (08/21) | Next (--)
Current 0.81% | 1.10%1.10% | 1.66%2.64% | --
Prior 0.95% | 1.22%1.22% | 1.73%0.62% | 2.62%
Current vs Prior -14.75% | -9.53%-9.53% | -3.85%+326.25% | --
Prior 7-Day Avg 0.91% | 1.14%0.96% | 1.50%0.82% | 3.04%
Current vs 7-Day Avg -10.79% | -3.69%+14.46% | +10.64%+221.76% | --
Prior 7-Day Eod 0.95% | 1.22%1.22% | 1.72%0.60% | 2.65%
Current vs 7-Day Eod -14.75% | -9.53%-9.53% | -3.18%+343.34% | --
Sentiment BULLISHBULLISHBEARISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 5.51% | 3.38%
Calls: 3.70% | 4.76%
Puts: 7.32% | 2.00%
Prior 4.68% | 2.12%
Calls: 5.66% | 1.54%
Puts: 3.70% | 2.70%
Current vs Prior +17.74% | +59.43%
Prior 7-Day Avg 6.45% | 3.14%
Calls: 5.98% | 2.76%
Puts: 6.91% | 3.53%
Current vs 7-Day Avg -14.52% | +7.50%
Liquidity Acceptable
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🤖 AI Insights

Strong bullish conviction with 93% of dollar volume in calls ($28.12M) vs puts ($2.21M). Extreme bullish P/C ratio of 0.35 - heavy call buying (120,823 calls vs 41,771 puts). Call-heavy open interest (1,065,902 calls vs 640,956 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
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 311 of results (avg 3.0%, best 0.6%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$82.50Aug 211.651.66$1.650.6%--0.6978
$70.00Jul 3113.7013.80$13.750.7%11.0029
$70.00Jul 2213.6013.70$13.650.7%741.00--
$71.00Jul 2212.6012.70$12.650.8%741.00--
$72.00Aug 311.7011.80$11.750.9%--1.0018
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$84.50Jul 311.011.02$1.021.0%1590.723.6K
$93.00Aug 79.509.60$9.551.0%--0.9949
$85.00Aug 211.851.87$1.861.1%1.5K0.7334.8K
$92.50Aug 79.009.10$9.051.1%--0.9911
$91.50Aug 78.008.10$8.051.2%--0.9936

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 146 found (avg $0.33, cheapest $0.06)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$84.00Jul 220.050.06$0.0616.7%1.2K0.211.4K
$85.50Jul 290.050.06$0.0616.7%3.0K0.09177
$86.00Jul 310.050.06$0.0616.7%2890.0837.7K
$86.00Aug 30.050.06$0.0616.7%10.07146
$87.00Aug 70.050.06$0.0616.7%320.062.0K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$80.50Aug 30.050.06$0.0616.7%560.06--
$79.00Aug 140.050.06$0.0616.7%--0.05936
$82.50Jul 270.060.07$0.0714.3%60.13238
$82.00Jul 290.060.07$0.0714.3%80.101.2K
$81.50Jul 310.060.07$0.0714.3%3.0K0.094.7K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 226 found (avg delta 0.89, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$70.00Jul 2213.6013.70$13.650.7%741.00--
$71.00Jul 2212.6012.70$12.650.8%741.00--
$72.00Jul 2211.6011.70$11.650.9%771.00--
$73.00Jul 2210.6010.70$10.650.9%901.00--
$74.00Jul 229.609.70$9.651.0%881.00--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$86.00Jul 242.332.39$2.362.5%611.0054
$86.50Jul 242.832.89$2.862.1%31.005
$87.00Jul 243.303.40$3.353.0%21.005
$88.00Jul 244.304.40$4.352.3%--1.00965
$87.50Jul 313.803.90$3.852.6%--1.0010

Most actively traded options today. High liquidity = easy entry/exit. 367 active (total vol 162.3K, top 28.6K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$80.00Jul 313.753.85$3.802.6%28.6K0.974.5K
$79.50Jul 314.204.35$4.283.5%28.5K0.984.2K
$85.00Aug 210.410.42$0.422.4%14.1K0.2753.9K
$87.00Aug 210.110.12$0.128.3%6.4K0.0943.0K
$85.00Jul 290.090.10$0.1010.0%3.6K0.153.6K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$83.50Jul 220.110.12$0.128.3%3.4K0.385.1K
$83.00Jul 240.090.10$0.1010.0%3.2K0.212.6K
$81.50Jul 310.060.07$0.0714.3%3.0K0.094.7K
$84.00Aug 211.181.20$1.191.7%2.0K0.5952.4K
$83.00Aug 210.700.71$0.711.4%1.9K0.4357.7K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 71 strikes (avg 150.6%, max 434.2%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$71.00Jul 22Aug 21109.0%20.4%434.2%16452
$70.00Jul 22Aug 21117.5%22.0%433.3%436126
$75.00Jul 22Aug 2175.5%16.0%372.3%10374
$76.00Jul 22Aug 2167.2%15.3%339.6%6296
$92.00Jul 22Aug 2866.2%15.2%335.8%--701
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$79.00Jul 22Aug 2842.4%11.3%274.3%--695
$70.00Jul 24Aug 2870.8%19.9%255.6%3675
$80.00Jul 22Aug 2834.1%10.5%223.7%37978
$80.50Jul 22Aug 2829.9%10.2%191.9%8917
$74.00Jul 24Aug 2150.5%17.7%185.3%--1.5K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 80 found (best R:R 9.00, avg 1.86)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$84.50$85.00Jul 31$0.10$0.40$0.104.00$84.60
$85.00$85.50Aug 14$0.10$0.40$0.104.00$85.10
$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$85.00Aug 3$0.11$0.39$0.113.55$84.61
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$82.00$81.00Aug 5$0.10$0.90$0.109.00$81.90
$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
$83.00$82.50Jul 31$0.11$0.39$0.113.55$82.89
$82.50$82.00Aug 7$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. 104 found (best R:R 4.26, avg 1.35)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$82.00$83.00Aug 5$0.81$0.81$0.194.26$82.81
$82.50$83.00Jul 31$0.40$0.40$0.104.00$82.90
$82.50$83.00Aug 3$0.39$0.39$0.113.55$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
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$85.00$84.50Jul 31$0.40$0.40$0.104.00$84.60
$85.50$85.00Aug 21$0.40$0.40$0.104.00$85.10
$84.50$84.00Jul 24$0.39$0.39$0.113.55$84.11
$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

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 20 found (avg debit $0.10, cheapest $0.05)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$80.00Jul 22Jul 24$0.0534.1%20.6%
$80.50Jul 22Jul 24$0.0529.9%18.0%
$82.00Jul 22Jul 24$0.0516.9%12.3%
$82.50Jul 22Jul 24$0.0512.4%11.2%
$84.50Jul 22Jul 24$0.0511.9%10.5%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$83.00Jul 22Jul 24$0.0710.9%10.5%
$84.00Jul 22Jul 24$0.099.7%10.2%
$83.50Jul 22Jul 24$0.129.5%10.0%
$88.00Jul 24Aug 3$0.2322.8%13.5%
$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. 207 found (cheapest 0.47% of stock, avg 4.39%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$83.50Jul 22$0.27$0.12$0.39$83.11$83.890.47%
$84.00Jul 22$0.06$0.41$0.47$83.53$84.470.56%
$83.50Jul 24$0.42$0.24$0.66$82.84$84.160.79%
$84.00Jul 24$0.18$0.50$0.68$83.32$84.680.81%
$83.00Jul 22$0.69$0.03$0.72$82.28$83.720.86%
$83.50Jul 27$0.49$0.29$0.78$82.72$84.280.93%
$84.00Jul 27$0.24$0.54$0.78$83.22$84.780.93%
$84.50Jul 22$0.02$0.86$0.88$83.62$85.381.05%
$83.00Jul 24$0.78$0.10$0.88$82.12$83.881.05%
$84.50Jul 24$0.07$0.89$0.96$83.54$85.461.15%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 216 found (cheapest 0.06% of stock, avg 0.75%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$84.50$83.00Jul 22$0.02$0.03$0.05$82.95$84.55
$85.00$82.50Jul 24$0.03$0.04$0.07$82.43$85.07
$85.50$82.00Jul 27$0.03$0.04$0.07$81.93$85.57
$84.00$83.00Jul 22$0.06$0.03$0.09$82.91$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
$85.50$82.50Jul 27$0.03$0.07$0.10$82.40$85.60
$84.50$82.50Jul 24$0.07$0.04$0.11$82.39$84.61
$85.50$81.50Jul 29$0.06$0.05$0.11$81.39$85.61
$86.00$82.00Jul 29$0.04$0.07$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 $0.39)

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$0.37$0.132.85$81.63$83.87
82/8384/84Jul 29$0.36$0.142.57$82.64$83.86
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
81/8283/84Aug 5$0.68$0.322.13$81.32$83.68
82/8284/84Aug 28$0.33$0.171.94$81.67$84.33
82/8284/85Aug 28$0.31$0.191.63$82.19$84.81

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 75 found (best R:R 15.67, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$80.00$81.00$82.00Aug 5$0.06$0.9415.67
$85.00$86.00$87.00Aug 5$0.06$0.9415.67
$82.50$83.00$83.50Jul 22$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
$94.00$95.00$96.00Aug 21$0.06$0.9415.67
$86.00$87.00$88.00Aug 21$0.07$0.9313.29
$84.00$84.50$85.00Jul 22$0.05$0.459.00
$82.00$82.50$83.00Jul 29$0.05$0.459.00
$82.00$82.50$83.00Aug 7$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. 140 found (best net $--, 130 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 1.09%, avg 0.30%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$84.00Aug 28$0.910.430.4%1.09%1.52%3.3K389
$84.00Aug 21$0.770.410.4%0.92%1.35%1.2K24.7K
$84.50Aug 28$0.700.361.0%0.84%1.87%834.2K
$84.00Aug 14$0.650.400.4%0.78%1.21%1351.1K
$84.50Aug 21$0.570.341.0%0.68%1.71%261247
$85.00Aug 28$0.530.291.6%0.63%2.26%165567
$84.00Aug 7$0.510.390.4%0.61%1.04%118721
$84.00Aug 5$0.460.380.4%0.55%0.98%13--
$84.50Aug 14$0.460.321.0%0.55%1.58%64974
$84.00Jul 31$0.430.410.4%0.51%0.94%1.8K6.7K

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 120,823
Total Puts 41,771
Put/Call Ratio 0.35
Net Difference 79,052

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 1,801,063
Total Puts 860,568
Average Put/Call Ratio 0.48
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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