Tour v393
TLT
iShares 20+ Year Treasury Bond ETF
$83.01 -0.51%
(7/23 10:00) ◀
|
Thursday, July 23, 2026 (11:00am)
January 2026
|
▶ (7/23 12:00)
◀ 7/23 11:00 ▶

Option Volume

Detail
ℹ
Current (07/23 11:00am) 206,337
Calls: 56,555 (27%)
Puts: 149,782 (73%)
Prior (07/22) 68,751
Calls: 36,121 (53%)
Puts: 32,630 (47%)
Current vs Prior +200.12%
Calls: +56.57% (Calls)
Puts: +359.03% (Puts)
Prior 7-Day Total 2,250,701
Calls: 1,529,784 (68%)
Puts: 720,917 (32%)
Prior 7-Day Average 321,528
Calls: 218,540 (68%)
Puts: 102,988 (32%)
Current vs Prior 7-Day Avg -35.83%
Calls: -74.12%
Puts: +45.44%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (07/23 11:00am) $9.48M
Calls: $3.07M (32%)
Puts: $6.41M (68%)
Prior (07/22) $7.07M
Calls: $3.92M (56%)
Puts: $3.14M (44%)
Current vs Prior +34.21%
Calls: -21.75%
Puts: +104.15%
Prior 7-Day Total $284.29M
Calls: $241.06M (85%)
Puts: $43.23M (15%)
Prior 7-Day Average $40.61M
Calls: $34.44M (85%)
Puts: $6.18M (15%)
Current vs Prior 7-Day Avg -76.65%
Calls: -91.08%
Puts: +3.81%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (07/23 11:00am) 2.65
Prior (07/22) 0.90
Current vs Prior +193.18%
Prior 7-Day Average 0.49
Current vs Prior 7-Day Avg +442.86%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (07/23 11:00am) 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 15,546,455
Calls: 9,300,760 (60%)
Puts: 6,245,695 (40%)
Prior 7-Day Average 2,220,922
Calls: 1,328,680 (60%)
Puts: 892,242 (40%)
Current vs Prior 7-Day Avg -19.85%
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 0.93% | 1.11%0.93% | 1.66%2.83% | 4.22%
Prior 1.07% | 1.11%1.07% | 1.55%2.61% | 3.93%
Current vs Prior -13.03% | -0.56%-13.03% | +7.54%+8.36% | +7.26%
Prior 7-Day Avg 0.88% | 1.09%0.97% | 1.50%1.24% | 3.23%
Current vs 7-Day Avg +5.08% | +1.98%-4.53% | +10.93%+127.79% | +30.44%
Prior 7-Day Eod 1.07% | 1.11%1.05% | 1.67%2.79% | 3.95%
Current vs 7-Day Eod -13.03% | -0.56%-12.05% | -0.20%+1.38% | +6.61%
Sentiment BULLISHBULLISHBEARISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 5.86% | 3.20%
Calls: 4.17% | 2.94%
Puts: 7.55% | 3.45%
Prior 26.75% | 54.73%
Calls: 37.50% | 38.03%
Puts: 16.00% | 71.43%
Current vs Prior -78.09% | -94.15%
Prior 7-Day Avg 9.90% | 10.56%
Calls: 10.37% | 7.92%
Puts: 9.43% | 13.19%
Current vs 7-Day Avg -40.80% | -69.69%
Liquidity Acceptable
+
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🤖 AI Insights

Moderately bearish flow with 68% put dollar volume ($6.41M). Unusually high activity with volume up 200% vs prior - elevated interest. Extreme bearish P/C ratio of 2.65 - heavy put buying. P/C ratio rising 193% - increased hedging/bearish positioning.

Smart Money BEARISH
Retail Flow BEARISH
Overall BEARISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BEARISH
Prior BULLISH
7-Day Avg BULLISH
Current BEARISH
Prior NEUTRAL
7-Day Avg NEUTRAL
Current BEARISH
Prior NEUTRAL
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
11:00BEARISHBEARISHBEARISH
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 320 of results (avg 3.1%, best 0.5%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$81.50Aug 282.092.10$2.090.5%--0.7128
$82.00Aug 281.751.76$1.760.6%--0.6438
$82.00Aug 211.601.61$1.610.6%2500.65756
$82.50Aug 281.441.45$1.440.7%220.5634
$82.00Aug 51.311.32$1.320.8%330.731
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$95.00Aug 712.1512.25$12.200.8%--0.9910
$93.50Aug 710.6510.75$10.700.9%--0.9979
$84.50Aug 282.072.09$2.081.0%110.70571
$93.00Aug 710.1510.25$10.201.0%--0.9949
$92.50Aug 79.659.75$9.701.0%--0.9911

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 157 found (avg $0.34, cheapest $0.06)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$85.50Aug 30.050.06$0.0616.7%820.07332
$86.50Aug 70.050.06$0.0616.7%1110.064.6K
$87.50Aug 140.050.06$0.0616.7%760.057.6K
$89.00Aug 210.050.06$0.0616.7%460.0448.3K
$89.50Aug 280.050.06$0.0616.7%--0.04553
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$82.50Jul 240.050.06$0.0616.7%5050.187.1K
$81.50Jul 290.050.06$0.0616.7%1300.104.9K
$77.00Aug 280.050.06$0.0616.7%40.04157
$81.00Jul 310.060.07$0.0714.3%1.7K0.093.4K
$80.00Aug 50.060.07$0.0714.3%3530.07300

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 215 found (avg delta 0.87, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$78.00Jul 295.005.15$5.083.0%--1.0014
$79.00Jul 294.004.15$4.083.7%--1.00200
$72.00Aug 311.0511.15$11.100.9%61.0018
$73.00Aug 310.0510.15$10.101.0%321.0029
$74.00Aug 39.059.15$9.101.1%81.0021
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$84.50Jul 241.471.52$1.503.3%7421.0015.7K
$85.00Jul 241.962.02$1.993.0%3891.006.6K
$86.00Jul 242.963.05$3.013.0%221.0033
$87.00Jul 243.904.05$3.973.8%31.003
$88.00Jul 244.905.05$4.973.0%--1.00965

Most actively traded options today. High liquidity = easy entry/exit. 345 active (total vol 206.3K, top 50.9K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$84.00Aug 210.600.61$0.611.6%10.3K0.3324.1K
$84.00Jul 240.020.03$0.0333.3%3.3K0.089.9K
$84.50Jul 290.060.07$0.0714.3%3.0K0.113.1K
$83.50Jul 310.360.37$0.372.7%3.0K0.385.2K
$83.00Jul 240.230.24$0.244.2%2.6K0.53986
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$81.00Aug 210.330.34$0.342.9%50.9K0.2310.2K
$80.00Aug 210.180.19$0.195.3%50.3K0.1417.0K
$81.50Aug 210.460.47$0.472.1%9.2K0.30776
$82.50Aug 210.810.83$0.822.4%4.2K0.461.5K
$84.50Jul 311.511.56$1.543.2%3.4K0.856.0K

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 160.7%, max 391.4%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$96.00Jul 24Aug 2892.9%19.7%371.5%--959
$95.00Jul 24Aug 2886.9%18.4%371.2%11.3K
$75.00Jul 24Aug 2168.5%15.5%342.6%110183
$93.00Jul 24Aug 2874.6%17.1%335.8%--772
$97.00Jul 24Aug 2198.8%23.3%324.5%--2.4K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$70.00Jul 24Aug 28109.3%22.2%391.4%1677
$74.00Jul 24Aug 2176.6%17.3%343.2%--1.5K
$76.00Jul 24Aug 2860.5%14.5%317.1%--247
$77.00Jul 24Aug 2852.5%13.1%300.2%4559
$78.00Jul 24Sep 444.4%12.0%271.1%1111.3K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 93 found (best R:R 8.09, avg 1.79)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$86.00$87.00Sep 4$0.11$0.89$0.118.09$86.11
$84.00$84.50Aug 5$0.10$0.40$0.104.00$84.10
$84.50$85.00Aug 14$0.10$0.40$0.104.00$84.60
$85.00$85.50Aug 28$0.11$0.39$0.113.55$85.11
$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$0.18$0.82$0.184.56$81.82
$82.50$82.00Jul 29$0.10$0.40$0.104.00$82.40
$80.50$80.00Sep 4$0.10$0.40$0.104.00$80.40
$81.50$81.00Aug 14$0.11$0.39$0.113.55$81.39
$81.00$80.50Sep 4$0.11$0.39$0.113.55$80.89

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 119 found (best R:R 12.33, avg 1.38)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$78.00$80.00Aug 28$1.85$1.85$0.1512.33$79.85
$80.50$82.00Aug 5$1.32$1.32$0.187.33$81.82
$80.00$81.00Sep 4$0.80$0.80$0.204.00$80.80
$82.00$82.50Jul 29$0.39$0.39$0.113.55$82.39
$80.50$81.00Aug 28$0.39$0.39$0.113.55$80.89
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$84.00$83.50Aug 3$0.38$0.38$0.123.17$83.62
$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
$84.00$83.50Jul 29$0.37$0.37$0.132.85$83.63
$85.00$84.50Sep 4$0.37$0.37$0.132.85$84.63

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 14 found (avg debit $0.13, cheapest $0.06)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$76.00Jul 24Jul 31$0.0760.5%23.3%
$77.00Jul 24Jul 31$0.0752.5%20.2%
$83.50Jul 24Jul 27$0.0711.7%8.9%
$74.00Jul 24Aug 3$0.0876.6%24.7%
$82.50Jul 24Jul 27$0.0812.1%8.7%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$82.50Jul 24Jul 27$0.0612.1%8.7%
$78.50Aug 28Sep 4$0.0611.7%11.8%
$83.00Jul 24Jul 27$0.0910.8%8.1%
$88.00Jul 24Aug 3$0.2341.3%16.4%
$87.00Jul 24Aug 7$0.2534.1%14.4%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 203 found (cheapest 0.52% of stock, avg 4.68%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$83.00Jul 24$0.24$0.19$0.43$82.57$83.430.52%
$83.50Jul 24$0.07$0.53$0.60$82.90$84.100.72%
$83.00Jul 27$0.34$0.28$0.62$82.38$83.620.75%
$82.50Jul 24$0.59$0.06$0.65$81.85$83.150.78%
$83.50Jul 27$0.14$0.58$0.72$82.78$84.220.87%
$82.50Jul 27$0.67$0.12$0.79$81.71$83.290.95%
$83.00Jul 29$0.48$0.41$0.89$82.11$83.891.07%
$83.50Jul 29$0.26$0.69$0.95$82.55$84.451.14%
$82.50Jul 29$0.79$0.22$1.01$81.49$83.511.22%
$84.00Jul 24$0.03$0.99$1.02$82.98$85.021.23%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 235 found (cheapest 0.06% of stock, avg 0.96%)

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$0.05$0.08$81.92$84.58
$85.00$81.00Jul 29$0.04$0.04$0.08$80.92$85.08
$83.50$82.00Jul 24$0.07$0.02$0.09$81.91$83.59
$84.00$82.50Jul 24$0.03$0.06$0.09$82.41$84.09
$84.00$82.00Jul 27$0.05$0.05$0.10$81.90$84.10
$85.00$81.50Jul 29$0.04$0.06$0.10$81.40$85.10
$84.50$81.00Jul 29$0.07$0.04$0.11$80.89$84.61
$85.50$81.00Jul 31$0.05$0.07$0.12$80.88$85.62
$83.50$82.50Jul 24$0.07$0.06$0.13$82.37$83.63

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 53 found (best R:R 4.00, avg credit $0.37)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
82/8384/84Aug 5$0.40$0.104.00$82.60$83.90
82/8283/84Aug 28$0.39$0.113.55$81.61$83.39
82/8284/84Sep 4$0.39$0.113.55$82.11$84.39
82/8284/84Aug 28$0.38$0.123.17$82.12$84.38
82/8384/85Sep 4$0.38$0.123.17$82.62$84.88
82/8284/84Sep 4$0.37$0.132.85$81.63$83.87
83/8484/85Sep 4$0.74$0.262.85$83.26$85.24
81/8283/84Aug 28$0.36$0.142.57$81.14$83.36
82/8284/84Aug 28$0.36$0.142.57$81.64$83.86
80/8183/84Sep 4$0.36$0.142.57$80.64$83.36

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 75 found (best R:R 9.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$81.50$82.00$82.50Jul 29$0.05$0.459.00
$81.50$82.00$82.50Aug 14$0.05$0.459.00
$82.50$83.00$83.50Aug 14$0.05$0.459.00
$81.00$81.50$82.00Aug 28$0.05$0.459.00
$82.00$82.50$83.00Jul 31$0.06$0.447.33
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$83.50$84.00$84.50Jul 24$0.05$0.459.00
$83.50$84.00$84.50Aug 3$0.05$0.459.00
$81.50$82.00$82.50Aug 5$0.05$0.459.00
$81.50$82.00$82.50Aug 7$0.05$0.459.00
$82.50$83.00$83.50Aug 7$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. 142 found (best net $--, 134 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$93.00$95.001:2Aug 28-$0.01$1.99
$70.00$75.001:2Jul 31-$3.10$1.90
$80.50$82.001:2Aug 5$0.00$1.50
$88.00$89.001:2Aug 3$0.00$1.00
$94.00$95.001:2Aug 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
$75.00$70.001:2Aug 28-$0.01$4.99
$74.00$70.001:2Jul 24-$0.01$3.99

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 64 found (best yield 1.19%, avg 0.32%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$83.50Sep 4$0.990.410.6%1.19%1.78%58--
$83.50Aug 28$0.930.410.6%1.12%1.71%44346
$83.50Aug 21$0.790.400.6%0.95%1.54%1965.9K
$84.00Sep 4$0.790.351.2%0.95%2.14%261--
$84.00Aug 28$0.730.351.2%0.88%2.07%2.0K4.5K
$83.50Aug 14$0.630.390.6%0.76%1.35%39375
$84.50Sep 4$0.620.301.8%0.75%2.54%44--
$84.00Aug 21$0.600.331.2%0.72%1.92%10.3K24.1K
$84.50Aug 28$0.560.291.8%0.67%2.47%1324.3K
$85.00Sep 4$0.480.252.4%0.58%2.98%53--

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 56,555
Total Puts 149,782
Put/Call Ratio 2.65
Net Difference -93,227

Prior's Put/Call Breakdown

Total Calls 36,121
Total Puts 32,630
Put/Call Ratio 0.90
Net Difference 3,491

Prior 7-Day Put/Call Summary

Total Calls 1,529,784
Total Puts 720,917
Average Put/Call Ratio 0.49
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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