Tour v388
TLT
iShares 20+ Year Treasury Bond ETF
$83.65 -0.01%
(7/22 11:25) ◀
|
Wednesday, July 22, 2026 (12:00pm)
January 2026
|
▶ (7/22 13:00)
◀ 7/22 12:01 ▶

Option Volume

Detail
ℹ
Current (07/22 12:00pm) 75,748
Calls: 40,629 (54%)
Puts: 35,119 (46%)
Prior (07/21) 126,136
Calls: 91,800 (73%)
Puts: 34,336 (27%)
Current vs Prior -39.95%
Calls: -55.74% (Calls)
Puts: +2.28% (Puts)
Prior 7-Day Total 2,564,774
Calls: 1,730,119 (67%)
Puts: 834,655 (33%)
Prior 7-Day Average 366,396
Calls: 247,159 (67%)
Puts: 119,236 (33%)
Current vs Prior 7-Day Avg -79.33%
Calls: -83.56%
Puts: -70.55%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (07/22 12:00pm) $7.47M
Calls: $4.25M (57%)
Puts: $3.22M (43%)
Prior (07/21) $20.56M
Calls: $18.74M (91%)
Puts: $1.82M (9%)
Current vs Prior -63.69%
Calls: -77.34%
Puts: +76.78%
Prior 7-Day Total $357.37M
Calls: $306.93M (86%)
Puts: $50.44M (14%)
Prior 7-Day Average $51.05M
Calls: $43.85M (86%)
Puts: $7.21M (14%)
Current vs Prior 7-Day Avg -85.38%
Calls: -90.31%
Puts: -55.32%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/22 12:00pm) 0.86
Prior (07/21) 0.37
Current vs Prior +131.10%
Prior 7-Day Average 0.48
Current vs Prior 7-Day Avg +79.82%
Sentiment NEUTRAL

Open Interest

Detail
ℹ
Current (07/22 12:00pm) 1,774,822
Calls: 1,110,145 (63%)
Puts: 664,677 (37%)
Prior (07/21) 1,706,858
Calls: 1,065,902 (62%)
Puts: 640,956 (38%)
Current vs Prior +3.98%
Prior 7-Day Total 16,349,919
Calls: 9,604,865 (59%)
Puts: 6,745,054 (41%)
Prior 7-Day Average 2,335,702
Calls: 1,372,123 (59%)
Puts: 963,579 (41%)
Current vs Prior 7-Day Avg -24.01%
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 0.62% | 0.97%0.97% | 1.61%2.68% | 4.00%
Prior 0.79% | 1.09%1.09% | 1.66%2.69% | 3.99%
Current vs Prior -21.20% | -10.98%-10.98% | -2.86%-0.44% | +0.31%
Prior 7-Day Avg 0.90% | 1.13%1.02% | 1.54%1.04% | 3.16%
Current vs 7-Day Avg -30.97% | -14.44%-5.38% | +4.46%+157.56% | +26.63%
Prior 7-Day Eod 0.79% | 1.09%1.08% | 1.66%2.69% | 3.99%
Current vs 7-Day Eod -21.20% | -10.98%-9.99% | -2.86%-0.44% | +0.31%
Sentiment BULLISHBULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 20.34% | 5.00%
Calls: 23.53% | 5.56%
Puts: 17.14% | 4.44%
Prior 6.88% | 3.22%
Calls: 4.00% | 2.44%
Puts: 9.76% | 4.00%
Current vs Prior +195.64% | +55.28%
Prior 7-Day Avg 6.39% | 3.16%
Calls: 5.23% | 2.67%
Puts: 7.55% | 3.65%
Current vs 7-Day Avg +218.24% | +58.01%
Liquidity Acceptable
+
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🤖 AI Insights

Light premium activity with dollar volume down 64% vs prior. P/C ratio rising 131% - increased hedging/bearish positioning. Call-heavy open interest (1,110,145 calls vs 664,677 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 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
12:00BULLISHBULLISHBULLISH
11:00BULLISHNEUTRALBULLISH
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 320 of results (avg 3.1%, best 0.8%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$72.00Aug 311.7011.80$11.750.9%--1.0018
$67.00Aug 2116.6516.80$16.730.9%--1.0047
$73.00Aug 310.7010.80$10.750.9%--1.0029
$83.00Jul 311.001.01$1.001.0%1130.70390
$69.00Aug 2114.6514.80$14.731.0%--1.00134
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$100.00Jul 2216.2516.40$16.330.9%901.00--
$99.00Jul 2215.2515.40$15.331.0%901.00--
$84.00Aug 71.001.01$1.001.0%410.622.8K
$98.00Jul 2214.2514.40$14.331.0%1071.00--
$84.00Aug 50.940.95$0.951.1%10.6276

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 143 found (avg $0.33, cheapest $0.06)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$86.00Aug 30.050.06$0.0616.7%300.07149
$86.50Aug 50.050.06$0.0616.7%120.07--
$87.00Aug 70.050.06$0.0616.7%10.062.0K
$88.00Aug 140.050.06$0.0616.7%--0.051.4K
$89.00Aug 210.050.06$0.0616.7%380.0448.3K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$82.00Jul 290.050.06$0.0616.7%510.091.3K
$80.00Aug 70.050.06$0.0616.7%110.065.2K
$79.00Aug 140.050.06$0.0616.7%--0.05936
$83.00Jul 240.060.07$0.0714.3%9080.163.2K
$81.50Jul 310.060.07$0.0714.3%2460.098.0K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 240 found (avg delta 0.89, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$70.00Jul 2213.6013.75$13.681.1%1131.0074
$71.00Jul 2212.6012.75$12.681.2%1051.0066
$72.00Jul 2211.6011.75$11.681.3%1101.0061
$73.00Jul 2210.6010.75$10.681.4%1041.0061
$74.00Jul 229.609.75$9.681.5%651.0059
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$85.50Jul 241.821.87$1.852.7%321.005
$86.00Jul 242.322.37$2.342.1%--1.0083
$88.00Jul 244.254.40$4.333.5%--1.00965
$87.50Jul 313.753.90$3.833.9%--1.0010
$98.00Jul 2214.2514.40$14.331.0%1071.00--

Most actively traded options today. High liquidity = easy entry/exit. 347 active (total vol 75.6K, top 5.8K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$83.50Aug 211.031.05$1.041.9%5.8K0.49548
$83.50Jul 220.150.19$0.1723.5%3.6K0.781.1K
$84.00Jul 220.000.01$0.01100.0%3.1K0.051.6K
$84.00Jul 240.120.13$0.137.7%2.9K0.308.1K
$85.00Jul 310.120.13$0.137.7%2.1K0.1719.2K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$83.50Aug 210.930.95$0.942.1%5.1K0.52445
$83.00Aug 210.710.73$0.722.8%3.6K0.4359.1K
$82.50Aug 70.340.36$0.355.7%2.7K0.302.4K
$83.50Jul 220.020.03$0.0333.3%2.4K0.229.6K
$83.00Jul 220.000.01$0.01100.0%1.7K0.042.6K

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 512.5%, max 1238.5%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$72.00Jul 22Aug 21255.6%19.1%1238.5%42661
$71.00Jul 22Aug 21277.2%20.7%1236.5%395122
$70.00Jul 22Aug 21298.8%22.4%1234.4%235226
$75.00Jul 22Aug 21191.9%16.2%1082.2%131165
$77.00Jul 22Aug 21149.9%13.6%1001.1%69322
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$96.00Jul 22Aug 21233.3%20.7%1029.4%26136
$94.00Jul 22Aug 21201.3%17.8%1028.2%70212
$95.00Jul 22Aug 21217.4%19.3%1027.2%27137
$93.00Jul 22Aug 21184.8%17.6%947.4%173139
$92.00Jul 22Aug 21168.0%16.2%937.5%167255

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 76 found (best R:R 9.00, avg 1.75)

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
$84.00$84.50Jul 27$0.12$0.38$0.123.17$84.12
$84.50$85.00Aug 7$0.12$0.38$0.123.17$84.62
$85.00$85.50Aug 21$0.12$0.38$0.123.17$85.12
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$82.00$81.00Aug 5$0.10$0.90$0.109.00$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
$82.50$82.00Aug 7$0.11$0.39$0.113.55$82.39
$83.50$83.00Jul 24$0.12$0.38$0.123.17$83.38

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 100 found (best R:R 9.00, avg 1.45)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$81.50$83.00Aug 5$1.29$1.29$0.216.14$82.79
$83.00$83.50Jul 24$0.39$0.39$0.113.55$83.39
$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
$82.00$82.50Aug 21$0.38$0.38$0.123.17$82.38
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$87.00$86.00Aug 21$0.90$0.90$0.109.00$86.10
$85.00$84.50Aug 5$0.40$0.40$0.104.00$84.60
$85.00$84.50Aug 7$0.39$0.39$0.113.55$84.61
$85.50$85.00Aug 21$0.39$0.39$0.113.55$85.11
$85.50$85.00Aug 28$0.39$0.39$0.113.55$85.11

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 23 found (avg debit $0.15, cheapest $0.05)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$70.00Jul 22Jul 31$0.05298.8%41.4%
$71.00Jul 22Aug 21$0.05277.2%20.7%
$82.50Jul 22Jul 24$0.0631.6%11.1%
$72.00Jul 22Aug 3$0.07255.6%30.3%
$73.00Jul 22Aug 3$0.07234.2%27.8%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$83.00Jul 22Jul 24$0.0619.6%10.3%
$84.00Jul 22Jul 24$0.1011.9%10.0%
$83.50Jul 22Jul 24$0.1610.6%9.7%
$94.00Jul 22Aug 21$0.19201.3%17.8%
$95.00Jul 22Aug 7$0.19217.4%23.1%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 207 found (cheapest 0.24% of stock, avg 4.55%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$83.50Jul 22$0.17$0.03$0.20$83.30$83.700.24%
$84.00Jul 22$0.01$0.35$0.36$83.64$84.360.43%
$83.50Jul 24$0.36$0.19$0.55$82.95$84.050.66%
$84.00Jul 24$0.13$0.45$0.58$83.42$84.580.69%
$83.00Jul 22$0.67$0.01$0.68$82.32$83.680.81%
$83.50Jul 27$0.44$0.25$0.69$82.81$84.190.82%
$84.00Jul 27$0.20$0.51$0.71$83.29$84.710.85%
$83.00Jul 24$0.75$0.07$0.82$82.18$83.820.98%
$84.50Jul 22$0.01$0.85$0.86$83.64$85.361.03%
$84.50Jul 24$0.04$0.87$0.91$83.59$85.411.09%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 202 found (cheapest 0.05% of stock, avg 0.78%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$84.00$83.50Jul 22$0.01$0.03$0.04$83.46$84.04
$85.00$82.00Jul 27$0.04$0.03$0.07$81.93$85.07
$85.00$82.50Jul 27$0.04$0.05$0.09$82.41$85.09
$85.50$81.50Jul 29$0.05$0.04$0.09$81.41$85.59
$84.50$83.00Jul 24$0.04$0.07$0.11$82.89$84.61
$84.50$82.00Jul 27$0.08$0.03$0.11$81.89$84.61
$85.50$82.00Jul 29$0.05$0.06$0.11$81.89$85.61
$85.00$81.50Jul 29$0.08$0.04$0.12$81.38$85.12
$86.00$81.50Jul 31$0.05$0.07$0.12$81.38$86.12
$84.50$82.50Jul 27$0.08$0.05$0.13$82.37$84.63

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 16 found (best R:R 4.00, avg credit $0.39)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
83/8484/85Aug 28$0.40$0.104.00$83.10$84.90
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
82/8284/84Aug 28$0.37$0.132.85$81.63$83.87
82/8384/85Aug 28$0.36$0.142.57$82.64$84.86
82/8284/84Aug 28$0.35$0.152.33$82.15$84.35
82/8284/84Aug 28$0.33$0.171.94$81.67$84.33
82/8284/85Aug 28$0.32$0.181.78$82.18$84.82
82/8284/85Aug 28$0.30$0.201.50$81.70$84.80
82/8384/85Aug 5$0.55$0.451.22$82.45$84.55

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 79 found (best R:R 19.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$79.00$80.00$81.00Aug 14$0.05$0.9519.00
$76.00$77.00$78.00Aug 21$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
$82.50$83.00$83.50Aug 14$0.05$0.459.00
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$80.00$81.00$82.00Aug 5$0.06$0.9415.67
$86.00$87.00$88.00Aug 21$0.08$0.9211.50
$84.50$85.00$85.50Jul 29$0.05$0.459.00
$84.50$85.00$85.50Aug 3$0.05$0.459.00
$83.50$84.00$84.50Aug 5$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. 141 found (best net $--, 127 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$96.00$100.001:2Aug 14-$0.01$3.99
$96.00$100.001:2Aug 28-$0.02$3.98
$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. 53 found (best yield 1.11%, avg 0.30%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$84.00Aug 28$0.930.430.4%1.11%1.53%1.4K3.3K
$84.00Aug 21$0.780.420.4%0.93%1.35%1.1K25.0K
$84.50Aug 28$0.720.361.0%0.86%1.88%994.2K
$84.00Aug 14$0.650.410.4%0.78%1.20%721.2K
$84.50Aug 21$0.580.341.0%0.69%1.71%13310
$85.00Aug 28$0.540.301.6%0.65%2.26%146689
$84.00Aug 7$0.500.390.4%0.60%1.02%182866
$84.50Aug 14$0.460.321.0%0.55%1.57%451.0K
$84.00Aug 5$0.440.380.4%0.53%0.94%685
$85.00Aug 21$0.430.281.6%0.51%2.13%35062.9K

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 40,629
Total Puts 35,119
Put/Call Ratio 0.86
Net Difference 5,510

Prior's Put/Call Breakdown

Total Calls 91,800
Total Puts 34,336
Put/Call Ratio 0.37
Net Difference 57,464

Prior 7-Day Put/Call Summary

Total Calls 1,730,119
Total Puts 834,655
Average Put/Call Ratio 0.48
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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