Tour v393
TLT
iShares 20+ Year Treasury Bond ETF
$83.08 -0.43%
(7/22 21:06) ◀
|
Thursday, July 23, 2026 (10:00am)
January 2026
|
▶ (7/23 11:00)
◀ 7/23 10:00 ▶

Option Volume

Detail
ℹ
Current (07/23 10:00am) 51,235
Calls: 24,975 (49%)
Puts: 26,260 (51%)
Prior (07/22) 22,112
Calls: 13,133 (59%)
Puts: 8,979 (41%)
Current vs Prior +131.71%
Calls: +90.17% (Calls)
Puts: +192.46% (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 -86.02%
Calls: -89.90%
Puts: -77.98%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (07/23 10:00am) $3.29M
Calls: $1.31M (40%)
Puts: $1.97M (60%)
Prior (07/22) $2.32M
Calls: $1.78M (77%)
Puts: $536.1K (23%)
Current vs Prior +41.88%
Calls: -26.24%
Puts: +268.38%
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 -93.56%
Calls: -97.00%
Puts: -72.59%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (07/23 10:00am) 1.05
Prior (07/22) 0.68
Current vs Prior +53.79%
Prior 7-Day Average 0.48
Current vs Prior 7-Day Avg +118.74%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (07/23 10:00am) 1,780,044
Calls: 1,119,020 (63%)
Puts: 661,024 (37%)
Prior (07/22) 1,774,822
Calls: 1,110,145 (63%)
Puts: 664,677 (37%)
Current vs Prior +0.29%
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 -23.79%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (07/24) | Next (07/27)Expiry (07/24) | Next (07/31)Expiry (08/21) | Next (09/18)
Current 0.90% | 1.11%0.90% | 1.62%2.76% | 4.13%
Prior 0.79% | 1.09%1.09% | 1.66%2.69% | 3.99%
Current vs Prior +14.43% | +1.80%-17.01% | -2.20%+2.49% | +3.41%
Prior 7-Day Avg 0.90% | 1.13%1.02% | 1.54%1.04% | 3.16%
Current vs 7-Day Avg +0.24% | -2.15%-11.79% | +5.17%+165.11% | +30.54%
Prior 7-Day Eod 0.79% | 1.09%1.05% | 1.67%2.79% | 3.95%
Current vs 7-Day Eod +14.43% | +1.80%-14.41% | -2.46%-1.29% | +4.39%
Sentiment BEARISHBULLISHBEARISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 6.76% | 2.24%
Calls: 7.14% | 2.63%
Puts: 6.38% | 1.85%
Prior 6.88% | 3.22%
Calls: 4.00% | 2.44%
Puts: 9.76% | 4.00%
Current vs Prior -1.74% | -30.43%
Prior 7-Day Avg 6.39% | 3.16%
Calls: 5.23% | 2.67%
Puts: 7.55% | 3.65%
Current vs 7-Day Avg +5.77% | -29.21%
Liquidity Good
+
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🤖 AI Insights

Moderately bearish flow with 60% put dollar volume ($1.97M). Unusually high activity with volume up 132% vs prior - elevated interest. Slightly bearish P/C ratio of 1.05. P/C ratio rising 54% - increased hedging/bearish positioning.

Smart Money BEARISH
Retail Flow NEUTRAL
Overall BEARISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BEARISH
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
16:00BULLISHBULLISHBULLISH
15:00BULLISHBULLISHBULLISH
14:00BULLISHBULLISHBULLISH
13:00BULLISHNEUTRALBULLISH
12:00BULLISHBULLISHBULLISH
11:00BULLISHNEUTRALBULLISH
10:00BEARISHNEUTRALBEARISH

📈 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 299 of results (avg 2.8%, best 0.4%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$70.00Aug 2113.1513.20$13.180.4%2961.00149
$71.00Aug 2112.1512.20$12.180.4%101.0063
$72.00Aug 311.1511.20$11.180.4%--1.0018
$72.00Aug 2111.1511.20$11.180.4%--1.0032
$73.00Aug 310.1510.20$10.180.5%321.0029
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$96.00Aug 2113.1013.15$13.130.4%--0.99136
$95.00Aug 712.1012.15$12.130.4%--0.9910
$95.00Aug 2112.1012.15$12.130.4%--0.99138
$94.00Aug 2111.1011.15$11.130.4%--0.99212
$93.50Aug 710.6010.65$10.630.5%--0.9979

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 158 found (avg $0.34, cheapest $0.06)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$84.00Jul 270.050.06$0.0616.7%5150.141.4K
$85.50Aug 30.050.06$0.0616.7%810.07332
$86.00Aug 50.050.06$0.0616.7%600.06229
$86.50Aug 70.050.06$0.0616.7%300.064.6K
$87.50Aug 140.050.06$0.0616.7%200.057.6K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$79.50Aug 70.050.06$0.0616.7%2970.06503
$78.00Aug 210.050.06$0.0616.7%60.042.2K
$77.00Aug 280.050.06$0.0616.7%40.04157
$81.00Jul 310.060.07$0.0714.3%3680.093.4K
$80.50Aug 30.060.07$0.0714.3%--0.08960

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 201 found (avg delta 0.87, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$80.00Jul 273.103.15$3.131.6%11.0072
$78.00Jul 295.105.20$5.151.9%--1.0014
$79.00Jul 294.104.20$4.152.4%--1.00200
$72.00Aug 311.1511.20$11.180.4%--1.0018
$73.00Aug 310.1510.20$10.180.5%321.0029
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$85.00Jul 241.891.94$1.922.6%2511.006.6K
$86.00Jul 242.892.94$2.921.7%181.0033
$87.00Jul 243.853.95$3.902.6%31.003
$88.00Jul 244.854.95$4.902.0%--1.00965
$87.50Jul 314.354.45$4.402.3%--1.0010

Most actively traded options today. High liquidity = easy entry/exit. 276 active (total vol 51.2K, top 3.4K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$84.50Jul 290.060.07$0.0714.3%3.0K0.123.1K
$84.00Jul 240.020.03$0.0333.3%1.8K0.099.9K
$83.00Jul 240.270.29$0.287.1%1.7K0.58986
$83.50Jul 240.070.08$0.0812.5%1.5K0.242.3K
$83.50Jul 270.150.16$0.166.3%1.1K0.31315
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$84.50Jul 311.441.48$1.462.7%3.4K0.846.0K
$82.50Aug 210.760.78$0.772.6%3.3K0.441.5K
$83.00Aug 70.760.78$0.772.6%1.9K0.533.8K
$83.00Jul 240.160.17$0.175.9%1.5K0.424.7K
$83.00Jul 310.450.46$0.462.2%1.2K0.467.1K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 67 strikes (avg 154.9%, max 447.5%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$95.00Jul 24Aug 2885.0%18.3%363.7%--1.3K
$96.00Jul 24Aug 2890.9%19.6%363.7%--959
$75.00Jul 24Aug 2167.9%15.6%335.3%--183
$93.00Jul 24Aug 2872.8%17.0%328.4%--772
$92.00Jul 24Aug 2866.6%15.7%325.1%--17.2K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$70.00Jul 24Aug 28107.9%19.7%447.5%--677
$74.00Jul 24Aug 2175.8%17.4%335.9%--1.5K
$76.00Jul 24Aug 2860.0%14.0%328.1%--247
$77.00Jul 24Aug 2852.1%13.2%294.1%4559
$78.00Jul 24Sep 444.2%11.8%273.5%1001.3K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 88 found (best R:R 7.33, avg 1.82)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$86.00$87.00Sep 4$0.12$0.88$0.127.33$86.12
$83.50$84.00Jul 27$0.10$0.40$0.104.00$83.60
$84.00$84.50Jul 31$0.10$0.40$0.104.00$84.10
$84.00$84.50Aug 5$0.10$0.40$0.104.00$84.10
$84.00$84.50Aug 7$0.12$0.38$0.123.17$84.12
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$82.00$81.00Aug 3$0.16$0.84$0.165.25$81.84
$82.50$82.00Jul 29$0.10$0.40$0.104.00$82.40
$82.50$82.00Jul 31$0.11$0.39$0.113.55$82.39
$82.00$81.50Aug 5$0.11$0.39$0.113.55$81.89
$83.00$82.50Jul 24$0.12$0.38$0.123.17$82.88

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 114 found (best R:R 12.33, avg 1.35)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$78.00$80.00Aug 28$1.85$1.85$0.1512.33$79.85
$82.00$82.50Jul 31$0.39$0.39$0.113.55$82.39
$81.50$82.00Aug 14$0.39$0.39$0.113.55$81.89
$81.00$81.50Aug 21$0.39$0.39$0.113.55$81.39
$82.00$82.50Aug 3$0.38$0.38$0.123.17$82.38
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$84.50$84.00Jul 31$0.40$0.40$0.104.00$84.10
$85.00$84.50Aug 21$0.40$0.40$0.104.00$84.60
$85.50$84.50Sep 4$0.78$0.78$0.223.55$84.72
$84.50$84.00Aug 14$0.38$0.38$0.123.17$84.12
$85.00$84.50Aug 28$0.38$0.38$0.123.17$84.62

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 16 found (avg debit $0.12, cheapest $0.05)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$75.00Jul 24Jul 31$0.0567.9%26.5%
$78.00Jul 24Jul 29$0.0544.2%19.8%
$79.00Jul 24Jul 29$0.0536.3%16.2%
$82.50Jul 24Jul 27$0.0712.0%8.5%
$77.00Jul 24Jul 31$0.0852.1%20.4%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$82.50Jul 24Jul 27$0.0512.0%8.5%
$78.50Aug 28Sep 4$0.0511.9%11.6%
$83.50Jul 24Jul 27$0.0711.2%8.9%
$83.00Jul 24Jul 27$0.0810.9%8.2%
$87.00Jul 24Aug 7$0.2533.0%14.2%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 191 found (cheapest 0.54% of stock, avg 4.68%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$83.00Jul 24$0.28$0.17$0.45$82.55$83.450.54%
$83.50Jul 24$0.08$0.47$0.55$82.95$84.050.66%
$83.00Jul 27$0.38$0.25$0.63$82.37$83.630.76%
$82.50Jul 24$0.65$0.05$0.70$81.80$83.200.84%
$83.50Jul 27$0.16$0.54$0.70$82.80$84.200.84%
$82.50Jul 27$0.72$0.10$0.82$81.68$83.320.99%
$83.00Jul 29$0.51$0.37$0.88$82.12$83.881.06%
$83.50Jul 29$0.28$0.64$0.92$82.58$84.421.11%
$84.00Jul 24$0.03$0.92$0.95$83.05$84.951.14%
$84.00Jul 27$0.06$0.95$1.01$82.99$85.011.22%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 231 found (cheapest 0.06% of stock, avg 0.94%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$84.00$82.00Jul 24$0.03$0.02$0.05$81.95$84.05
$84.50$82.00Jul 27$0.03$0.04$0.07$81.93$84.57
$84.00$82.50Jul 24$0.03$0.05$0.08$82.42$84.08
$85.00$81.50Jul 29$0.04$0.05$0.09$81.41$85.09
$83.50$82.00Jul 24$0.08$0.02$0.10$81.90$83.60
$84.00$82.00Jul 27$0.06$0.04$0.10$81.90$84.10
$84.50$81.50Jul 29$0.07$0.05$0.12$81.38$84.62
$85.50$81.00Jul 31$0.05$0.07$0.12$80.88$85.62
$83.50$82.50Jul 24$0.08$0.05$0.13$82.37$83.63
$84.50$82.50Jul 27$0.03$0.10$0.13$82.37$84.63

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 53 found (best R:R 9.00, avg credit $0.36)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
84/8686/87Sep 4$0.90$0.109.00$84.60$86.90
82/8283/84Aug 3$0.40$0.104.00$82.10$83.40
82/8384/84Aug 5$0.40$0.104.00$82.60$83.90
82/8283/84Sep 4$0.40$0.104.00$81.60$83.40
83/8484/84Aug 5$0.39$0.113.55$83.11$84.39
82/8283/84Aug 28$0.39$0.113.55$81.61$83.39
82/8384/84Aug 28$0.39$0.113.55$82.61$84.39
82/8384/85Sep 4$0.39$0.113.55$82.61$84.89
82/8284/84Sep 4$0.38$0.123.17$81.62$83.88
81/8283/84Aug 28$0.37$0.132.85$81.13$83.37

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 67 found (best R:R 15.67, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$77.00$78.00$79.00Aug 21$0.06$0.9415.67
$84.00$84.50$85.00Jul 31$0.05$0.459.00
$82.00$82.50$83.00Aug 3$0.05$0.459.00
$84.00$84.50$85.00Aug 14$0.05$0.459.00
$83.50$84.00$84.50Aug 21$0.05$0.459.00
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$81.50$82.00$82.50Aug 7$0.05$0.459.00
$82.50$83.00$83.50Aug 14$0.05$0.459.00
$83.50$84.00$84.50Aug 28$0.05$0.459.00
$83.50$84.00$84.50Jul 27$0.06$0.447.33
$83.50$84.00$84.50Jul 31$0.06$0.447.33

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 145 found (best net $--, 136 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$93.00$95.001:2Aug 28-$0.01$1.99
$70.00$75.001:2Jul 31-$3.15$1.85
$80.00$81.501:2Jul 27-$0.15$1.35
$88.00$89.001:2Aug 3$0.00$1.00
$93.00$94.001:2Aug 14$0.00$1.00
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. 64 found (best yield 1.18%, avg 0.32%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$83.50Sep 4$0.980.410.5%1.18%1.69%57--
$83.50Aug 28$0.920.420.5%1.11%1.61%21346
$83.50Aug 21$0.780.410.5%0.94%1.44%345.9K
$84.00Sep 4$0.770.351.1%0.93%2.03%61--
$84.00Aug 28$0.710.361.1%0.85%1.96%1.0K4.5K
$83.50Aug 14$0.630.390.5%0.76%1.26%37375
$84.50Sep 4$0.600.301.7%0.72%2.43%32--
$84.00Aug 21$0.580.341.1%0.70%1.81%33524.1K
$84.50Aug 28$0.540.291.7%0.65%2.36%424.3K
$83.50Aug 7$0.480.380.5%0.58%1.08%74443

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 24,975
Total Puts 26,260
Put/Call Ratio 1.05
Net Difference -1,285

Prior's Put/Call Breakdown

Total Calls 13,133
Total Puts 8,979
Put/Call Ratio 0.68
Net Difference 4,154

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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