Tour v388
TLT
iShares 20+ Year Treasury Bond ETF
$83.48 -0.22%
(7/22 14:00) ◀
|
Wednesday, July 22, 2026 (3:00pm)
January 2026
|
▶ (7/22 15:16)
◀ 7/22 15:00 ▶

Option Volume

Detail
ℹ
Current (07/22 3:00pm) 142,867
Calls: 86,711 (61%)
Puts: 56,156 (39%)
Prior (07/21) 224,535
Calls: 165,993 (74%)
Puts: 58,542 (26%)
Current vs Prior -36.37%
Calls: -47.76% (Calls)
Puts: -4.08% (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 -61.01%
Calls: -64.92%
Puts: -52.90%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (07/22 3:00pm) $11.14M
Calls: $6.65M (60%)
Puts: $4.50M (40%)
Prior (07/21) $43.93M
Calls: $40.83M (93%)
Puts: $3.10M (7%)
Current vs Prior -74.63%
Calls: -83.72%
Puts: +45.25%
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 -78.17%
Calls: -84.84%
Puts: -37.57%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/22 3:00pm) 0.65
Prior (07/21) 0.35
Current vs Prior +83.63%
Prior 7-Day Average 0.48
Current vs Prior 7-Day Avg +34.72%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (07/22 3:00pm) 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% | 1.02%1.02% | 1.65%2.68% | 4.00%
Prior 0.79% | 1.09%1.09% | 1.66%2.69% | 3.99%
Current vs Prior -16.49% | -6.39%-6.39% | -0.51%-0.23% | +0.22%
Prior 7-Day Avg 0.90% | 1.13%1.02% | 1.54%1.04% | 3.16%
Current vs 7-Day Avg -26.84% | -10.03%-0.51% | +7.00%+158.08% | +26.51%
Prior 7-Day Eod 0.79% | 1.09%1.08% | 1.66%2.69% | 3.99%
Current vs 7-Day Eod -16.49% | -6.39%-5.35% | -0.51%-0.23% | +0.22%
Sentiment BULLISHBULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 15.48% | 4.50%
Calls: 14.29% | 5.00%
Puts: 16.67% | 4.00%
Prior 6.88% | 3.22%
Calls: 4.00% | 2.44%
Puts: 9.76% | 4.00%
Current vs Prior +125.00% | +39.75%
Prior 7-Day Avg 6.39% | 3.16%
Calls: 5.23% | 2.67%
Puts: 7.55% | 3.65%
Current vs 7-Day Avg +142.20% | +42.21%
Liquidity Acceptable
+
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🤖 AI Insights

Light premium activity with dollar volume down 75% vs prior. Bullish P/C ratio of 0.65. P/C ratio rising 84% - 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
15:00BULLISHBULLISHBULLISH
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 338 of results (avg 2.8%, best 0.5%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$82.00Aug 211.901.91$1.900.5%50.75749
$75.00Jul 318.558.60$8.570.6%--1.0067
$71.00Jul 2212.4512.55$12.500.8%1061.0066
$72.00Jul 2211.4511.55$11.500.9%1701.0061
$67.00Aug 2116.5016.65$16.580.9%--1.0047
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$100.00Jul 2216.4516.55$16.500.6%900.99--
$99.00Jul 2215.4515.55$15.500.6%900.99--
$98.00Jul 2214.4514.55$14.500.7%1070.99--
$97.00Jul 2213.4513.55$13.500.7%1070.99--
$96.00Jul 2212.4512.55$12.500.8%270.99--

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
$84.50Jul 270.050.06$0.0616.7%3000.132.9K
$85.00Jul 290.050.06$0.0616.7%2000.104.9K
$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%410.0448.3K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$83.50Jul 220.050.06$0.0616.7%2.8K0.569.6K
$82.50Jul 270.050.06$0.0616.7%1160.13345
$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%3130.111.3K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 254 found (avg delta 0.90, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$70.00Jul 2213.4013.55$13.481.1%1141.0074
$71.00Jul 2212.4512.55$12.500.8%1061.0066
$72.00Jul 2211.4511.55$11.500.9%1701.0061
$73.00Jul 2210.4510.55$10.501.0%1651.0061
$74.00Jul 229.409.55$9.481.6%1461.0059
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$85.00Jul 241.491.56$1.534.6%2301.007.6K
$85.50Jul 241.992.04$2.022.5%321.005
$86.00Jul 242.492.54$2.522.0%501.0083
$86.50Jul 242.993.05$3.022.0%11.00--
$88.00Jul 244.454.55$4.502.2%--1.00965

Most actively traded options today. High liquidity = easy entry/exit. 407 active (total vol 142.7K, top 11.8K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$86.00Aug 210.210.22$0.224.5%11.8K0.1570.2K
$83.50Aug 210.940.95$0.951.1%5.8K0.47548
$85.00Aug 280.490.50$0.502.0%5.4K0.28689
$87.50Aug 280.120.13$0.137.7%5.2K0.09496
$84.00Jul 240.080.09$0.0911.1%4.6K0.238.1K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$80.00Aug 210.120.13$0.137.7%9.9K0.109.4K
$83.50Aug 211.011.03$1.022.0%5.1K0.54445
$83.00Aug 210.780.79$0.791.3%3.7K0.4659.1K
$84.50Jul 311.111.14$1.132.7%3.4K0.763.5K
$83.50Jul 220.050.06$0.0616.7%2.8K0.569.6K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 78 strikes (avg 1125.1%, max 3025.2%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$71.00Jul 22Aug 21641.7%20.5%3025.2%396122
$70.00Jul 22Aug 21690.2%22.2%3010.0%236226
$75.00Jul 22Aug 21449.4%16.0%2708.7%211165
$72.00Jul 22Aug 21593.5%22.9%2490.1%48661
$76.00Jul 22Aug 21382.0%15.3%2400.5%110147
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$94.00Jul 22Aug 21459.9%18.2%2429.5%70212
$96.00Jul 22Aug 21528.7%20.9%2424.3%27136
$95.00Jul 22Aug 21492.5%19.6%2415.2%28137
$93.00Jul 22Aug 21422.5%17.5%2316.4%173139
$92.00Jul 22Aug 21375.8%16.5%2172.4%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 1.77)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$84.50$85.00Aug 7$0.10$0.40$0.104.00$84.60
$84.00$85.00Aug 5$0.24$0.76$0.243.17$84.24
$84.50$85.00Aug 14$0.12$0.38$0.123.17$84.62
$85.00$85.50Aug 21$0.12$0.38$0.123.17$85.12
$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
$81.50$81.00Aug 21$0.10$0.40$0.104.00$81.40
$81.50$81.00Aug 28$0.10$0.40$0.104.00$81.40
$82.50$82.00Aug 3$0.11$0.39$0.113.55$82.39
$82.00$81.50Aug 14$0.11$0.39$0.113.55$81.89

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 99 found (best R:R 4.00, avg 1.27)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$82.50$83.00Jul 29$0.40$0.40$0.104.00$82.90
$81.50$82.00Aug 21$0.39$0.39$0.113.55$81.89
$82.50$83.00Jul 31$0.38$0.38$0.123.17$82.88
$82.50$83.00Aug 3$0.38$0.38$0.123.17$82.88
$82.00$82.50Aug 14$0.38$0.38$0.123.17$82.38
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$85.50$85.00Aug 21$0.40$0.40$0.104.00$85.10
$84.50$84.00Aug 3$0.38$0.38$0.123.17$84.12
$85.00$84.50Aug 14$0.38$0.38$0.123.17$84.62
$84.50$84.00Jul 29$0.37$0.37$0.132.85$84.13
$85.00$84.50Aug 21$0.37$0.37$0.132.85$84.63

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 20 found (avg debit $0.16, cheapest $0.06)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$82.50Jul 22Jul 24$0.0651.5%11.4%
$71.00Jul 22Aug 21$0.08641.7%20.5%
$72.00Jul 22Aug 3$0.08593.5%42.1%
$84.00Jul 22Jul 24$0.0829.9%10.5%
$70.00Jul 22Jul 31$0.10690.2%41.3%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$83.00Jul 22Jul 24$0.0828.6%10.0%
$83.50Jul 22Jul 24$0.1910.7%9.9%
$89.50Jul 22Aug 7$0.20291.7%15.9%
$90.00Jul 22Aug 7$0.20311.3%17.0%
$91.00Jul 22Aug 7$0.20351.1%18.0%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 221 found (cheapest 0.12% of stock, avg 4.60%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$83.50Jul 22$0.04$0.06$0.10$83.40$83.600.12%
$83.00Jul 22$0.49$0.01$0.50$82.50$83.500.60%
$83.50Jul 24$0.26$0.25$0.51$82.99$84.010.61%
$84.00Jul 22$0.01$0.53$0.54$83.46$84.540.65%
$84.00Jul 24$0.09$0.57$0.66$83.34$84.660.79%
$83.50Jul 27$0.34$0.32$0.66$82.84$84.160.79%
$83.00Jul 24$0.60$0.09$0.69$82.31$83.690.83%
$84.00Jul 27$0.14$0.62$0.76$83.24$84.760.91%
$83.00Jul 27$0.66$0.14$0.80$82.20$83.800.96%
$83.50Jul 29$0.46$0.43$0.89$82.61$84.391.07%

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$0.06$0.04$0.10$81.40$85.10
$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 3.55, avg credit $0.37)

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
81/8283/84Aug 28$0.38$0.123.17$81.12$83.38
82/8284/84Aug 28$0.36$0.142.57$82.14$84.36
82/8284/84Aug 5$0.35$0.152.33$82.15$83.85
82/8284/84Aug 28$0.35$0.152.33$81.65$83.85
82/8384/84Jul 29$0.33$0.171.94$82.67$83.83
81/8284/84Aug 28$0.33$0.171.94$81.17$83.83
82/8284/84Aug 28$0.32$0.181.78$81.68$84.32
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. 81 found (best R:R 19.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$78.00$79.00$80.00Aug 14$0.05$0.9519.00
$74.00$75.00$76.00Jul 31$0.06$0.9415.67
$82.50$83.00$83.50Jul 22$0.05$0.459.00
$84.00$84.50$85.00Jul 27$0.05$0.459.00
$82.00$82.50$83.00Jul 29$0.05$0.459.00
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$80.00$81.00$82.00Aug 5$0.07$0.9313.29
$86.00$87.00$88.00Aug 21$0.09$0.9110.11
$86.50$87.00$87.50Jul 22$0.05$0.459.00
$82.00$82.50$83.00Jul 27$0.05$0.459.00
$84.00$84.50$85.00Aug 3$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. 136 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. 61 found (best yield 1.29%, avg 0.35%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$83.50Aug 28$1.080.460.0%1.29%1.32%133273
$83.50Aug 21$0.940.470.0%1.13%1.15%5.8K548
$84.00Aug 28$0.850.410.6%1.02%1.64%1.4K3.3K
$83.50Aug 14$0.800.460.0%0.96%0.98%22405
$84.00Aug 21$0.710.390.6%0.85%1.47%1.4K25.0K
$83.50Aug 7$0.650.460.0%0.78%0.80%6436
$84.50Aug 28$0.650.341.2%0.78%2.00%994.2K
$83.50Aug 5$0.600.460.0%0.72%0.74%49--
$83.50Jul 31$0.570.500.0%0.68%0.71%3.8K1.3K
$83.50Aug 3$0.570.460.0%0.68%0.71%124315

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 86,711
Total Puts 56,156
Put/Call Ratio 0.65
Net Difference 30,555

Prior's Put/Call Breakdown

Total Calls 165,993
Total Puts 58,542
Put/Call Ratio 0.35
Net Difference 107,451

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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