Tour v388
TLT
iShares 20+ Year Treasury Bond ETF
$83.51 -0.19%
(7/22 13:00) ◀
|
Wednesday, July 22, 2026 (2:00pm)
January 2026
|
▶ (7/22 15:00)
◀ 7/22 14:00 ▶

Option Volume

Detail
ℹ
Current (07/22 2:00pm) 132,608
Calls: 79,299 (60%)
Puts: 53,309 (40%)
Prior (07/21) 186,861
Calls: 140,059 (75%)
Puts: 46,802 (25%)
Current vs Prior -29.03%
Calls: -43.38% (Calls)
Puts: +13.90% (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 -63.81%
Calls: -67.92%
Puts: -55.29%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (07/22 2:00pm) $10.38M
Calls: $6.15M (59%)
Puts: $4.23M (41%)
Prior (07/21) $35.86M
Calls: $33.33M (93%)
Puts: $2.54M (7%)
Current vs Prior -71.06%
Calls: -81.53%
Puts: +66.61%
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 -79.67%
Calls: -85.97%
Puts: -41.35%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/22 2:00pm) 0.67
Prior (07/21) 0.33
Current vs Prior +101.18%
Prior 7-Day Average 0.48
Current vs Prior 7-Day Avg +39.85%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (07/22 2:00pm) 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 0.66% | 0.99%0.99% | 1.62%2.71% | 4.01%
Prior 0.79% | 1.09%1.09% | 1.66%2.69% | 3.99%
Current vs Prior -16.52% | -8.63%-8.62% | -2.70%+0.62% | +0.48%
Prior 7-Day Avg 0.90% | 1.13%1.02% | 1.54%1.04% | 3.16%
Current vs 7-Day Avg -26.87% | -12.18%-2.88% | +4.63%+160.30% | +26.84%
Prior 7-Day Eod 0.79% | 1.09%1.08% | 1.66%2.69% | 3.99%
Current vs 7-Day Eod -16.52% | -8.63%-7.61% | -2.70%+0.62% | +0.48%
Sentiment BULLISHBULLISHBEARISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 10.38% | 7.21%
Calls: 16.67% | 7.14%
Puts: 4.08% | 7.27%
Prior 6.88% | 3.22%
Calls: 4.00% | 2.44%
Puts: 9.76% | 4.00%
Current vs Prior +50.87% | +123.91%
Prior 7-Day Avg 6.39% | 3.16%
Calls: 5.23% | 2.67%
Puts: 7.55% | 3.65%
Current vs 7-Day Avg +62.41% | +127.86%
Liquidity Expensive
+
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🤖 AI Insights

Light premium activity with dollar volume down 71% vs prior. Bullish P/C ratio of 0.67. P/C ratio rising 101% - 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 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
13:00BULLISHNEUTRALBULLISH
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 328 of results (avg 3.1%, best 0.7%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$70.00Jul 3113.5513.65$13.600.7%--1.0029
$83.00Jul 310.900.91$0.911.1%1230.66390
$70.00Jul 2213.4513.60$13.521.1%1141.0074
$75.00Jul 248.508.60$8.551.2%1551.00155
$82.50Aug 281.701.72$1.711.2%10.6434
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$100.00Jul 2216.4016.55$16.480.9%901.00--
$99.00Jul 2215.4015.55$15.481.0%901.00--
$98.00Jul 2214.4014.55$14.481.0%1071.00--
$97.00Jul 2213.4013.55$13.481.1%1071.00--
$96.00Aug 2112.6012.75$12.681.2%--0.99136

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
$83.50Jul 220.050.06$0.0616.7%4.3K0.531.1K
$84.50Jul 270.050.06$0.0616.7%2940.132.9K
$86.00Aug 30.050.06$0.0616.7%300.07149
$87.00Aug 70.050.06$0.0616.7%10.062.0K
$88.00Aug 140.050.06$0.0616.7%--0.051.4K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$82.50Jul 270.050.06$0.0616.7%960.12345
$80.00Aug 70.050.06$0.0616.7%120.065.2K
$79.00Aug 140.050.06$0.0616.7%--0.05936
$82.00Jul 290.060.07$0.0714.3%3110.111.3K
$81.50Jul 310.060.07$0.0714.3%2480.098.0K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 246 found (avg delta 0.90, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$72.00Aug 311.5511.70$11.631.3%--1.0018
$73.00Aug 310.5510.70$10.631.4%--1.0029
$74.00Aug 39.559.70$9.631.6%--1.0021
$75.00Aug 38.558.70$8.631.7%141.002
$76.00Aug 37.557.70$7.632.0%--1.0014
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$85.00Jul 221.471.52$1.503.3%411.00109
$86.50Jul 222.973.05$3.012.7%541.00--
$87.00Jul 223.403.55$3.474.3%931.00--
$87.50Jul 223.904.05$3.973.8%561.00--
$88.00Jul 224.404.55$4.473.4%431.00--

Most actively traded options today. High liquidity = easy entry/exit. 386 active (total vol 132.5K, top 11.8K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$86.00Aug 210.210.22$0.224.5%11.8K0.1670.2K
$83.50Aug 210.960.98$0.972.1%5.8K0.47548
$85.00Aug 280.500.52$0.513.9%5.4K0.28689
$87.50Aug 280.130.14$0.147.1%5.2K0.09496
$83.50Jul 220.050.06$0.0616.7%4.3K0.531.1K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$80.00Aug 210.120.13$0.137.7%9.9K0.109.4K
$83.50Aug 211.001.02$1.012.0%5.1K0.53445
$83.00Aug 210.770.79$0.782.6%3.7K0.4659.1K
$84.50Jul 311.091.13$1.113.6%3.3K0.763.5K
$83.50Jul 220.040.05$0.0520.0%2.8K0.479.6K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 76 strikes (avg 704.9%, max 1738.5%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$72.00Jul 22Aug 21347.7%18.9%1738.5%48661
$71.00Jul 22Aug 21377.3%20.6%1735.0%396122
$70.00Jul 22Aug 21407.1%22.2%1732.1%236226
$75.00Jul 22Aug 21260.2%16.0%1522.4%211165
$76.00Jul 22Aug 21231.2%15.3%1409.6%110147
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$96.00Jul 22Aug 21324.1%20.9%1451.5%27136
$95.00Jul 22Aug 21302.3%19.5%1448.6%28137
$94.00Jul 22Aug 21280.2%18.1%1446.0%70212
$93.00Jul 22Aug 21257.5%17.9%1335.9%173139
$92.00Jul 22Aug 21234.5%16.5%1323.1%167255

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 78 found (best R:R 7.33, avg 1.79)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$84.50$85.00Aug 3$0.10$0.40$0.104.00$84.60
$85.00$85.50Aug 21$0.10$0.40$0.104.00$85.10
$85.50$86.00Aug 28$0.10$0.40$0.104.00$85.60
$84.50$85.00Aug 14$0.12$0.38$0.123.17$84.62
$85.00$85.50Aug 28$0.12$0.38$0.123.17$85.12
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$82.00$81.00Aug 5$0.12$0.88$0.127.33$81.88
$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
$81.50$81.00Aug 28$0.10$0.40$0.104.00$81.40
$82.50$82.00Aug 5$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. 101 found (best R:R 4.00, avg 1.32)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$81.50$82.00Aug 21$0.40$0.40$0.104.00$81.90
$81.00$81.50Aug 28$0.40$0.40$0.104.00$81.40
$82.50$83.00Jul 29$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
$85.50$85.00Aug 21$0.40$0.40$0.104.00$85.10
$85.50$85.00Aug 28$0.38$0.38$0.123.17$85.12
$84.50$84.00Jul 29$0.37$0.37$0.132.85$84.13
$84.50$84.00Aug 3$0.37$0.37$0.132.85$84.13
$85.00$84.50Aug 14$0.37$0.37$0.132.85$84.63

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 25 found (avg debit $0.14, cheapest $0.05)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$80.00Jul 22Jul 24$0.05115.3%24.4%
$80.50Jul 22Jul 29$0.05100.5%13.6%
$82.50Jul 22Jul 24$0.0539.0%11.5%
$79.00Jul 22Jul 29$0.07144.5%16.6%
$70.00Jul 22Jul 31$0.08407.1%41.2%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$84.00Jul 22Jul 24$0.0621.4%10.1%
$83.00Jul 22Jul 24$0.0822.1%10.7%
$83.50Jul 22Jul 24$0.199.3%9.9%
$91.00Jul 22Aug 7$0.20210.9%18.9%
$92.00Jul 22Aug 21$0.20234.5%16.5%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 213 found (cheapest 0.13% of stock, avg 4.53%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$83.50Jul 22$0.06$0.05$0.11$83.39$83.610.13%
$84.00Jul 22$0.01$0.49$0.50$83.50$84.500.60%
$83.50Jul 24$0.28$0.24$0.52$82.98$84.020.62%
$83.00Jul 22$0.52$0.01$0.53$82.47$83.530.63%
$84.00Jul 24$0.09$0.55$0.64$83.36$84.640.77%
$83.50Jul 27$0.36$0.31$0.67$82.83$84.170.80%
$83.00Jul 24$0.63$0.09$0.72$82.28$83.720.86%
$84.00Jul 27$0.15$0.60$0.75$83.25$84.750.90%
$83.00Jul 27$0.69$0.14$0.83$82.17$83.830.99%
$83.50Jul 29$0.49$0.42$0.91$82.59$84.411.09%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 213 found (cheapest 0.07% of stock, avg 0.79%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$84.50$82.50Jul 24$0.03$0.03$0.06$82.44$84.56
$85.00$82.00Jul 27$0.03$0.03$0.06$81.94$85.06
$85.50$81.50Jul 29$0.04$0.04$0.08$81.42$85.58
$84.50$82.00Jul 27$0.06$0.03$0.09$81.91$84.59
$85.00$82.50Jul 27$0.03$0.06$0.09$82.41$85.09
$85.00$81.50Jul 29$0.07$0.04$0.11$81.39$85.11
$85.50$82.00Jul 29$0.04$0.07$0.11$81.89$85.61
$84.00$82.50Jul 24$0.09$0.03$0.12$82.38$84.12
$84.50$83.00Jul 24$0.03$0.09$0.12$82.88$84.62
$84.50$82.50Jul 27$0.06$0.06$0.12$82.38$84.62

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 17 found (best R:R 4.00, avg credit $0.38)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
82/8384/84Aug 28$0.40$0.104.00$82.60$84.40
82/8284/84Aug 28$0.39$0.113.55$82.11$83.89
81/8283/84Aug 28$0.38$0.123.17$81.12$83.38
82/8284/84Aug 28$0.37$0.132.85$81.63$83.87
82/8284/84Aug 28$0.35$0.152.33$82.15$84.35
81/8284/84Aug 28$0.34$0.162.13$81.16$83.84
82/8284/84Aug 5$0.34$0.162.12$82.16$83.84
82/8384/84Jul 29$0.33$0.171.94$82.67$83.83
82/8284/84Aug 28$0.33$0.171.94$81.67$84.33
81/8284/84Aug 28$0.30$0.201.50$81.20$84.30

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 77 found (best R:R 13.29, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$84.50$85.00$85.50Jul 31$0.05$0.459.00
$83.00$83.50$84.00Aug 7$0.05$0.459.00
$83.00$83.50$84.00Aug 14$0.05$0.459.00
$83.50$84.00$84.50Aug 14$0.05$0.459.00
$82.50$83.00$83.50Aug 21$0.05$0.459.00
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$80.00$81.00$82.00Aug 5$0.07$0.9313.29
$82.00$82.50$83.00Jul 27$0.05$0.459.00
$84.50$85.00$85.50Jul 31$0.05$0.459.00
$82.50$83.00$83.50Aug 5$0.05$0.459.00
$82.50$83.00$83.50Aug 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. 138 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. 52 found (best yield 1.03%, avg 0.27%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$84.00Aug 28$0.860.410.6%1.03%1.62%1.4K3.3K
$84.00Aug 21$0.720.400.6%0.86%1.45%1.4K25.0K
$84.50Aug 28$0.660.341.2%0.79%1.98%994.2K
$84.00Aug 14$0.590.380.6%0.71%1.29%911.2K
$84.50Aug 21$0.540.321.2%0.65%1.83%16310
$85.00Aug 28$0.500.281.8%0.60%2.38%5.4K689
$84.00Aug 7$0.440.360.6%0.53%1.11%184866
$84.50Aug 14$0.410.301.2%0.49%1.68%461.0K
$84.00Aug 5$0.390.350.6%0.47%1.05%685
$85.00Aug 21$0.390.261.8%0.47%2.25%81862.9K

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 79,299
Total Puts 53,309
Put/Call Ratio 0.67
Net Difference 25,990

Prior's Put/Call Breakdown

Total Calls 140,059
Total Puts 46,802
Put/Call Ratio 0.33
Net Difference 93,257

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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