Tour v374
TLT
iShares 20+ Year Treasury Bond ETF
$83.60 -0.35%
(7/21 13:00) ◀
|
Tuesday, July 21, 2026 (2:00pm)
January 2026
|
▶ (7/21 15:00)
◀ 7/21 14:00 ▶

Option Volume

Detail
ℹ
Current (07/21 2:00pm) 186,861
Calls: 140,059 (75%)
Puts: 46,802 (25%)
Prior (07/20) 214,881
Calls: 155,107 (72%)
Puts: 59,774 (28%)
Current vs Prior -13.04%
Calls: -9.70% (Calls)
Puts: -21.70% (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 -50.86%
Calls: -45.56%
Puts: -61.93%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (07/21 2:00pm) $35.86M
Calls: $33.33M (93%)
Puts: $2.54M (7%)
Prior (07/20) $29.21M
Calls: $26.16M (90%)
Puts: $3.05M (10%)
Current vs Prior +22.78%
Calls: +27.38%
Puts: -16.75%
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 -32.22%
Calls: -26.33%
Puts: -66.95%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/21 2:00pm) 0.33
Prior (07/20) 0.39
Current vs Prior -13.29%
Prior 7-Day Average 0.48
Current vs Prior 7-Day Avg -30.62%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (07/21 2:00pm) 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 (09/18)
Current 0.81% | 1.09%1.09% | 1.65%2.64% | 3.95%
Prior 0.95% | 1.22%1.22% | 1.73%0.62% | 2.62%
Current vs Prior -14.71% | -10.47%-10.48% | -4.50%+326.44% | +50.52%
Prior 7-Day Avg 0.91% | 1.14%0.96% | 1.50%0.82% | 3.04%
Current vs 7-Day Avg -10.74% | -4.69%+13.27% | +9.89%+221.91% | +29.69%
Prior 7-Day Eod 0.95% | 1.22%1.22% | 1.72%0.60% | 2.65%
Current vs 7-Day Eod -14.71% | -10.47%-10.48% | -3.83%+343.54% | +49.17%
Sentiment BULLISHBULLISHBEARISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 5.50% | 3.52%
Calls: 4.17% | 5.13%
Puts: 6.82% | 1.92%
Prior 4.68% | 2.12%
Calls: 5.66% | 1.54%
Puts: 3.70% | 2.70%
Current vs Prior +17.52% | +66.04%
Prior 7-Day Avg 6.45% | 3.14%
Calls: 5.98% | 2.76%
Puts: 6.91% | 3.53%
Current vs 7-Day Avg -14.67% | +11.95%
Liquidity Acceptable
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🤖 AI Insights

Strong bullish conviction with 93% of dollar volume in calls ($33.33M) vs puts ($2.54M). Extreme bullish P/C ratio of 0.33 - heavy call buying (140,059 calls vs 46,802 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
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 310 of results (avg 2.9%, best 0.7%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$83.00Aug 281.431.44$1.440.7%770.58130
$70.00Jul 3113.6513.75$13.700.7%11.0029
$70.00Jul 2213.5513.65$13.600.7%741.00--
$83.00Aug 211.291.30$1.300.8%2.2K0.587.9K
$72.00Aug 311.6511.75$11.700.9%--1.0018
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$84.50Aug 211.521.53$1.530.7%130.6764
$95.00Aug 711.5511.65$11.600.9%--0.9910
$93.50Aug 710.0510.15$10.101.0%--0.9979
$85.00Aug 281.931.95$1.941.0%590.71651
$93.00Aug 79.559.65$9.601.0%--0.9949

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 145 found (avg $0.32, cheapest $0.06)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$84.00Jul 220.050.06$0.0616.7%1.3K0.211.4K
$85.50Jul 290.050.06$0.0616.7%3.0K0.09177
$86.00Jul 310.050.06$0.0616.7%2940.0837.7K
$86.00Aug 30.050.06$0.0616.7%10.07146
$87.00Aug 70.050.06$0.0616.7%440.062.0K
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%3.1K0.094.7K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 225 found (avg delta 0.89, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$72.00Aug 311.6511.75$11.700.9%--1.0018
$73.00Aug 310.6510.75$10.700.9%--1.0029
$74.00Aug 39.659.75$9.701.0%41.00--
$76.00Aug 37.657.75$7.701.3%--1.0014
$80.00Aug 33.653.80$3.724.0%41.00--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$85.00Jul 221.371.42$1.403.6%451.00316
$85.50Jul 221.871.92$1.902.6%41.004
$86.00Jul 222.372.42$2.402.1%41.001
$86.00Jul 242.372.42$2.402.1%611.0054
$86.50Jul 242.872.92$2.901.7%31.005

Most actively traded options today. High liquidity = easy entry/exit. 368 active (total vol 186.6K, top 35.1K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$80.00Jul 313.703.80$3.752.7%35.1K0.974.5K
$79.50Jul 314.154.30$4.223.6%35.0K0.984.2K
$85.00Aug 210.410.42$0.422.4%14.3K0.2753.9K
$87.00Aug 210.110.12$0.128.3%6.4K0.0943.0K
$85.00Jul 290.080.09$0.0911.1%3.6K0.143.6K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$83.50Jul 220.110.13$0.1216.7%5.3K0.405.1K
$83.00Jul 240.090.10$0.1010.0%3.3K0.212.6K
$81.50Jul 310.060.07$0.0714.3%3.1K0.094.7K
$84.00Aug 211.201.22$1.211.7%2.1K0.5952.4K
$83.00Aug 210.710.73$0.722.8%2.0K0.4457.7K

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 153.8%, max 444.2%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$71.00Jul 22Aug 21110.8%20.4%444.2%16452
$70.00Jul 22Aug 21119.5%22.0%443.2%436126
$75.00Jul 22Aug 2176.6%15.9%381.1%10474
$76.00Jul 22Aug 2168.2%15.2%347.8%6396
$92.00Jul 22Aug 2867.7%15.2%343.9%--701
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$79.00Jul 22Aug 2842.9%11.3%281.0%--695
$70.00Jul 24Aug 2871.1%19.9%257.8%3675
$80.00Jul 22Aug 2834.4%10.5%229.3%128978
$80.50Jul 22Aug 2830.1%10.1%196.9%9917
$74.00Jul 24Aug 2150.7%17.6%187.2%--1.5K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 78 found (best R:R 9.00, avg 1.86)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$84.00$84.50Jul 24$0.10$0.40$0.104.00$84.10
$84.50$85.00Aug 3$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 27$0.12$0.38$0.123.17$84.12
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
$82.00$81.50Aug 14$0.10$0.40$0.104.00$81.90
$82.00$81.50Aug 21$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. 100 found (best R:R 4.26, avg 1.29)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$82.00$83.00Aug 5$0.81$0.81$0.194.26$82.81
$81.50$82.00Aug 21$0.40$0.40$0.104.00$81.90
$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
$82.50$83.00Jul 31$0.38$0.38$0.123.17$82.88
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$84.50$84.00Jul 27$0.39$0.39$0.113.55$84.11
$85.50$85.00Aug 28$0.39$0.39$0.113.55$85.11
$85.00$84.00Aug 5$0.77$0.77$0.233.35$84.23
$85.00$84.50Aug 14$0.38$0.38$0.123.17$84.62
$84.50$84.00Aug 3$0.37$0.37$0.132.85$84.13

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 19 found (avg debit $0.10, cheapest $0.05)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$77.00Jul 22Jul 24$0.0559.8%35.6%
$78.00Jul 22Jul 24$0.0551.4%30.6%
$82.50Jul 22Jul 24$0.0512.3%11.0%
$84.50Jul 22Jul 24$0.0512.5%10.9%
$71.00Jul 22Aug 21$0.07110.8%20.4%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$83.00Jul 22Jul 24$0.0710.7%10.2%
$84.00Jul 22Jul 24$0.0810.4%10.4%
$83.50Jul 22Jul 24$0.129.2%9.7%
$88.00Jul 24Aug 3$0.2023.1%13.6%
$87.50Jul 31Aug 7$0.2313.5%13.2%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 207 found (cheapest 0.43% of stock, avg 4.39%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$83.50Jul 22$0.24$0.12$0.36$83.14$83.860.43%
$84.00Jul 22$0.06$0.44$0.50$83.50$84.500.60%
$83.50Jul 24$0.39$0.24$0.63$82.87$84.130.75%
$83.00Jul 22$0.64$0.03$0.67$82.33$83.670.80%
$84.00Jul 24$0.17$0.52$0.69$83.31$84.690.83%
$83.50Jul 27$0.46$0.30$0.76$82.74$84.260.91%
$84.00Jul 27$0.22$0.56$0.78$83.22$84.780.93%
$83.00Jul 24$0.74$0.10$0.84$82.16$83.841.00%
$84.50Jul 22$0.02$0.90$0.92$83.58$85.421.10%
$83.00Jul 27$0.80$0.14$0.94$82.06$83.941.12%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 216 found (cheapest 0.06% of stock, avg 0.77%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$84.50$83.00Jul 22$0.02$0.03$0.05$82.95$84.55
$85.50$82.00Jul 27$0.03$0.03$0.06$81.94$85.56
$85.00$82.50Jul 24$0.03$0.04$0.07$82.43$85.07
$85.00$82.00Jul 27$0.05$0.03$0.08$81.92$85.08
$84.00$83.00Jul 22$0.06$0.03$0.09$82.91$84.09
$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 4.00, avg credit $0.38)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
82/8284/84Aug 28$0.40$0.104.00$82.10$83.90
83/8484/85Aug 28$0.39$0.113.55$83.11$84.89
82/8384/84Aug 28$0.38$0.123.17$82.62$84.38
82/8284/84Aug 28$0.36$0.142.57$81.64$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$0.67$0.332.03$81.33$83.67
82/8384/84Jul 29$0.33$0.171.94$82.67$83.83
82/8284/85Aug 28$0.32$0.181.78$82.18$84.82
82/8284/84Aug 28$0.31$0.191.63$81.69$84.31

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
$80.00$81.00$82.00Aug 5$0.05$0.9519.00
$85.00$86.00$87.00Aug 5$0.06$0.9415.67
$84.50$85.00$85.50Jul 29$0.05$0.459.00
$84.50$85.00$85.50Aug 7$0.05$0.459.00
$83.00$83.50$84.00Aug 14$0.05$0.459.00
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$86.00$87.00$88.00Aug 21$0.06$0.9415.67
$82.00$82.50$83.00Jul 29$0.05$0.459.00
$82.50$83.00$83.50Aug 14$0.05$0.459.00
$83.00$83.50$84.00Aug 14$0.05$0.459.00
$83.00$83.50$84.00Aug 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. 134 found (best net $--, 125 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 1.06%, avg 0.30%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$84.00Aug 28$0.890.420.5%1.06%1.54%3.4K389
$84.00Aug 21$0.760.410.5%0.91%1.39%1.2K24.7K
$84.50Aug 28$0.690.351.1%0.83%1.90%2134.2K
$84.00Aug 14$0.630.400.5%0.75%1.23%1401.1K
$84.50Aug 21$0.560.331.1%0.67%1.75%261247
$85.00Aug 28$0.520.291.7%0.62%2.30%182567
$84.00Aug 7$0.490.380.5%0.59%1.06%118721
$84.00Aug 5$0.440.370.5%0.53%1.00%14--
$84.50Aug 14$0.440.311.1%0.53%1.60%64974
$84.00Jul 31$0.410.400.5%0.49%0.97%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 140,059
Total Puts 46,802
Put/Call Ratio 0.33
Net Difference 93,257

Prior's Put/Call Breakdown

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

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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