TLT - Options Database

TLT

iShares 20+ Year Treasury Bond ETF

$83.15 -0.35%

(7/23 11:00) ◀

Thursday, July 23, 2026 (12:00pm)

▶ (7/23 13:00)

◀ 7/23 12:00 ▶

Option Volume

Detail

ℹ

Current (07/23 12:00pm) 258,049

Calls: 95,964 (37%)

Puts: 162,085 (63%)

Prior (07/22) 75,748

Calls: 40,629 (54%)

Puts: 35,119 (46%)

Current vs Prior +240.67%

Calls: +136.20% (Calls)

Puts: +361.53% (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 -19.74%

Calls: -56.09%

Puts: +57.38%

Sentiment BEARISH

Dollar Volume

Detail

ℹ

Current (07/23 12:00pm) $11.97M

Calls: $5.26M (44%)

Puts: $6.71M (56%)

Prior (07/22) $7.47M

Calls: $4.25M (57%)

Puts: $3.22M (43%)

Current vs Prior +60.32%

Calls: +23.96%

Puts: +108.29%

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 -70.53%

Calls: -84.71%

Puts: +8.57%

Sentiment BEARISH

Put/Call Ratio

Detail

ℹ

Current (07/23 12:00pm) 1.69

Prior (07/22) 0.86

Current vs Prior +95.40%

Prior 7-Day Average 0.49

Current vs Prior 7-Day Avg +246.21%

Sentiment BEARISH

Open Interest

Detail

ℹ

Current (07/23 12:00pm) 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

3DTEWKMO Expiry (07/24) | Next (07/27)Expiry (07/24) | Next (07/31)Expiry (08/21) | Next (09/18)

Current 0.88% | 1.08%0.88% | 1.64%2.81% | 4.19%

Prior 1.07% | 1.11%1.07% | 1.55%2.61% | 3.93%

Current vs Prior -17.69% | -2.89%-17.69% | +5.80%+7.71% | +6.47%

Prior 7-Day Avg 0.88% | 1.09%0.97% | 1.50%1.24% | 3.23%

Current vs 7-Day Avg -0.55% | -0.41%-9.64% | +9.13%+126.44% | +29.47%

Prior 7-Day Eod 1.07% | 1.11%1.05% | 1.67%2.79% | 3.95%

Current vs 7-Day Eod -17.69% | -2.89%-16.76% | -1.82%+0.78% | +5.82%

Sentiment BULLISHBULLISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 5.18% | 2.24%

Calls: 3.23% | 2.44%

Puts: 7.14% | 2.04%

Prior 26.75% | 54.73%

Calls: 37.50% | 38.03%

Puts: 16.00% | 71.43%

Current vs Prior -80.64% | -95.91%

Prior 7-Day Avg 9.90% | 10.56%

Calls: 10.37% | 7.92%

Puts: 9.43% | 13.19%

Current vs 7-Day Avg -47.67% | -78.78%

Liquidity Good

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🤖 AI Insights

Elevated premium activity with dollar volume up 60% vs prior. Unusually high activity with volume up 241% vs prior - elevated interest. Extreme bearish P/C ratio of 1.69 - heavy put buying. P/C ratio rising 95% - 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)

Time	Smart Money	Retail	Overall
12:00	BEARISH	BEARISH	BEARISH
11:00	BEARISH	BEARISH	BEARISH
10:00	BEARISH	NEUTRAL	BEARISH

📈 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

🎯

Tightest Spreads

💰

Best Value <$1

📊

High Delta

⚖️

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 2.7%, best 0.3%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$69.00	Aug 21	14.20	14.25	$14.23	0.4%	--	1.00	134
$70.00	Jul 31	13.20	13.25	$13.23	0.4%	6	1.00	29
$71.00	Aug 21	12.20	12.25	$12.23	0.4%	282	1.00	63
$72.00	Aug 3	11.20	11.25	$11.23	0.4%	6	1.00	18
$72.00	Aug 21	11.20	11.25	$11.23	0.4%	--	1.00	32

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$95.00	Aug 21	12.05	12.10	$12.08	0.4%	--	0.99	138
$94.00	Aug 21	11.05	11.10	$11.08	0.5%	--	0.99	212
$93.00	Aug 21	10.05	10.10	$10.07	0.5%	--	0.98	139
$92.00	Aug 21	9.05	9.10	$9.07	0.6%	--	0.98	249
$90.00	Aug 21	7.05	7.10	$7.07	0.7%	2	0.97	1.0K

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 154 found (avg $0.34, cheapest $0.06)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$85.50	Aug 3	0.05	0.06	$0.06	16.7%	82	0.07	332
$86.50	Aug 7	0.05	0.06	$0.06	16.7%	121	0.06	4.6K
$87.50	Aug 14	0.05	0.06	$0.06	16.7%	76	0.05	7.6K
$88.50	Aug 21	0.05	0.06	$0.06	16.7%	10	0.04	48
$89.00	Aug 21	0.05	0.06	$0.06	16.7%	59	0.04	48.3K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$79.50	Aug 7	0.05	0.06	$0.06	16.7%	297	0.06	503
$78.00	Aug 21	0.05	0.06	$0.06	16.7%	113	0.04	2.2K
$77.00	Aug 28	0.05	0.06	$0.06	16.7%	54	0.04	157
$81.00	Jul 31	0.06	0.07	$0.07	14.3%	1.9K	0.09	3.4K
$80.50	Aug 3	0.06	0.07	$0.07	14.3%	270	0.08	960

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 220 found (avg delta 0.87, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$80.00	Jul 27	3.15	3.25	$3.20	3.1%	1	1.00	72
$81.00	Jul 27	2.17	2.21	$2.19	1.8%	278	1.00	8
$72.00	Aug 3	11.20	11.25	$11.23	0.4%	6	1.00	18
$73.00	Aug 3	10.20	10.25	$10.23	0.5%	32	1.00	29
$74.00	Aug 3	9.20	9.25	$9.23	0.5%	8	1.00	21

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$85.00	Jul 24	1.84	1.87	$1.86	1.6%	390	1.00	6.6K
$86.00	Jul 24	2.83	2.87	$2.85	1.4%	22	1.00	33
$87.00	Jul 24	3.75	3.95	$3.85	5.2%	3	1.00	3
$88.00	Jul 24	4.80	4.95	$4.88	3.1%	--	1.00	965
$87.50	Jul 31	4.30	4.40	$4.35	2.3%	--	1.00	10

Most actively traded options today. High liquidity = easy entry/exit. 369 active (total vol 258.0K, top 51.7K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$84.00	Aug 21	0.63	0.64	$0.64	1.6%	10.4K	0.35	24.1K
$84.00	Aug 5	0.27	0.28	$0.28	3.6%	5.9K	0.27	136
$85.00	Aug 28	0.46	0.47	$0.47	2.1%	5.4K	0.25	5.8K
$87.00	Aug 28	0.15	0.16	$0.16	6.3%	5.4K	0.10	1.1K
$84.50	Aug 28	0.60	0.61	$0.61	1.6%	5.3K	0.31	4.3K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$81.00	Aug 21	0.31	0.32	$0.32	3.1%	51.7K	0.22	10.2K
$80.00	Aug 21	0.16	0.17	$0.17	5.9%	51.1K	0.13	17.0K
$81.50	Aug 21	0.42	0.43	$0.43	2.3%	9.4K	0.28	776
$82.50	Aug 21	0.75	0.77	$0.76	2.6%	4.8K	0.43	1.5K
$84.50	Jul 31	1.40	1.44	$1.42	2.8%	3.4K	0.83	6.0K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 70 strikes (avg 163.3%, max 408.1%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$70.00	Jul 24	Aug 21	112.1%	22.1%	408.1%	297	153
$96.00	Jul 24	Aug 28	93.6%	19.5%	380.5%	--	959
$95.00	Jul 24	Aug 28	87.5%	18.2%	380.0%	1	1.3K
$75.00	Jul 24	Aug 21	70.6%	15.7%	349.7%	135	183
$93.00	Jul 24	Aug 28	75.0%	16.9%	343.3%	--	772

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$70.00	Jul 24	Aug 28	112.1%	22.4%	399.5%	1	677
$74.00	Jul 24	Aug 21	78.8%	17.4%	352.2%	--	1.5K
$76.00	Jul 24	Aug 28	62.5%	14.7%	323.9%	--	247
$77.00	Jul 24	Aug 28	54.3%	13.4%	306.8%	54	559
$78.00	Jul 24	Sep 4	46.2%	12.2%	277.9%	111	1.3K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 89 found (best R:R 7.33, avg 1.79)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$86.00	$87.00	Sep 4	$0.12	$0.88	$0.12	7.33	$86.12
$83.50	$84.00	Jul 27	$0.10	$0.40	$0.10	4.00	$83.60
$84.00	$84.50	Jul 31	$0.11	$0.39	$0.11	3.55	$84.11
$84.00	$84.50	Aug 5	$0.11	$0.39	$0.11	3.55	$84.11
$84.00	$84.50	Aug 7	$0.12	$0.38	$0.12	3.17	$84.12

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$82.00	$81.00	Aug 3	$0.15	$0.85	$0.15	5.67	$81.85
$83.00	$82.50	Jul 24	$0.10	$0.40	$0.10	4.00	$82.90
$81.00	$80.50	Aug 28	$0.10	$0.40	$0.10	4.00	$80.90
$82.50	$82.00	Jul 31	$0.11	$0.39	$0.11	3.55	$82.39
$82.00	$81.50	Aug 7	$0.11	$0.39	$0.11	3.55	$81.89

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 119 found (best R:R 15.67, avg 1.46)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$78.00	$80.00	Aug 28	$1.88	$1.88	$0.12	15.67	$79.88
$80.00	$81.00	Sep 4	$0.83	$0.83	$0.17	4.88	$80.83
$82.00	$82.50	Jul 31	$0.40	$0.40	$0.10	4.00	$82.40
$82.00	$82.50	Aug 3	$0.40	$0.40	$0.10	4.00	$82.40
$82.50	$83.00	Jul 24	$0.39	$0.39	$0.11	3.55	$82.89

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$84.50	$84.00	Aug 5	$0.40	$0.40	$0.10	4.00	$84.10
$85.50	$85.00	Aug 28	$0.40	$0.40	$0.10	4.00	$85.10
$84.00	$83.50	Jul 27	$0.39	$0.39	$0.11	3.55	$83.61
$85.50	$85.00	Sep 4	$0.39	$0.39	$0.11	3.55	$85.11
$84.50	$84.00	Aug 7	$0.38	$0.38	$0.12	3.17	$84.12

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 16 found (avg debit $0.11, cheapest $0.05)

CALLS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$70.00	Jul 24	Jul 31	$0.05	112.1%	42.5%
$74.00	Jul 24	Jul 31	$0.05	78.8%	29.9%
$75.00	Jul 24	Jul 31	$0.05	70.6%	26.8%
$76.00	Jul 24	Jul 31	$0.07	62.5%	23.7%
$77.00	Jul 24	Jul 31	$0.07	54.3%	20.6%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$78.50	Aug 28	Sep 4	$0.05	12.0%	11.8%
$83.50	Jul 24	Jul 27	$0.07	11.3%	8.8%
$83.00	Jul 24	Jul 27	$0.08	10.9%	8.0%
$88.00	Jul 24	Aug 3	$0.19	41.1%	16.0%
$87.00	Jul 24	Aug 7	$0.25	33.7%	14.0%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 206 found (cheapest 0.54% of stock, avg 4.72%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$83.00	Jul 24	$0.31	$0.14	$0.45	$82.55	$83.45	0.54%
$83.50	Jul 24	$0.09	$0.42	$0.51	$82.99	$84.01	0.61%
$83.00	Jul 27	$0.41	$0.22	$0.63	$82.37	$83.63	0.76%
$83.50	Jul 27	$0.17	$0.49	$0.66	$82.84	$84.16	0.79%
$82.50	Jul 24	$0.70	$0.04	$0.74	$81.76	$83.24	0.89%
$82.50	Jul 27	$0.77	$0.09	$0.86	$81.64	$83.36	1.03%
$84.00	Jul 24	$0.03	$0.86	$0.89	$83.11	$84.89	1.07%
$83.00	Jul 29	$0.54	$0.35	$0.89	$82.11	$83.89	1.07%
$83.50	Jul 29	$0.30	$0.60	$0.90	$82.60	$84.40	1.08%
$84.00	Jul 27	$0.07	$0.88	$0.95	$83.05	$84.95	1.14%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 229 found (cheapest 0.08% of stock, avg 0.97%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$84.00	$82.50	Jul 24	$0.03	$0.04	$0.07	$82.43	$84.07
$84.50	$82.00	Jul 27	$0.03	$0.04	$0.07	$81.93	$84.57
$85.00	$81.50	Jul 29	$0.04	$0.05	$0.09	$81.41	$85.09
$84.00	$82.00	Jul 27	$0.07	$0.04	$0.11	$81.89	$84.11
$85.50	$80.00	Aug 3	$0.06	$0.05	$0.11	$79.89	$85.61
$84.50	$82.50	Jul 27	$0.03	$0.09	$0.12	$82.38	$84.62
$84.50	$81.50	Jul 29	$0.07	$0.05	$0.12	$81.38	$84.62
$85.50	$81.00	Jul 31	$0.05	$0.07	$0.12	$80.88	$85.62
$83.50	$82.50	Jul 24	$0.09	$0.04	$0.13	$82.37	$83.63
$85.00	$80.00	Aug 3	$0.08	$0.05	$0.13	$79.87	$85.13

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 48 found (best R:R 4.00, avg credit $0.36)

Put Spread	Call Spread	Expiry	Credit	Max Loss	R:R	BE Low	BE High
83/84	84/84	Aug 5	$0.40	$0.10	4.00	$83.10	$84.40
82/82	84/84	Aug 28	$0.40	$0.10	4.00	$82.10	$83.90
82/82	83/84	Aug 28	$0.39	$0.11	3.55	$81.61	$83.39
81/82	83/84	Sep 4	$0.39	$0.11	3.55	$81.11	$83.39
82/83	84/85	Sep 4	$0.39	$0.11	3.55	$82.61	$84.89
80/81	82/83	Aug 28	$0.38	$0.12	3.17	$80.62	$82.88
82/82	84/84	Sep 4	$0.38	$0.12	3.17	$81.62	$83.88
82/82	84/84	Sep 4	$0.38	$0.12	3.17	$82.12	$84.38
82/82	84/84	Aug 28	$0.37	$0.13	2.85	$82.13	$84.37
80/81	83/84	Sep 4	$0.37	$0.13	2.85	$80.63	$83.37

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 70 found (best R:R 15.67, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$78.00	$79.00	$80.00	Aug 14	$0.06	$0.94	15.67
$83.50	$84.00	$84.50	Jul 24	$0.05	$0.45	9.00
$81.50	$82.00	$82.50	Aug 5	$0.05	$0.45	9.00
$83.00	$83.50	$84.00	Aug 7	$0.05	$0.45	9.00
$81.00	$81.50	$82.00	Aug 14	$0.05	$0.45	9.00

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$84.00	$84.50	$85.00	Jul 29	$0.05	$0.45	9.00
$83.00	$83.50	$84.00	Aug 3	$0.05	$0.45	9.00
$84.00	$84.50	$85.00	Aug 7	$0.05	$0.45	9.00
$82.00	$82.50	$83.00	Aug 14	$0.05	$0.45	9.00
$81.50	$82.00	$82.50	Aug 21	$0.05	$0.45	9.00

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 139 found (best net $--, 133 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$81.00	$83.00	1:2	Sep 4	$0.00	$2.00
$93.00	$95.00	1:2	Aug 28	-$0.01	$1.99
$88.00	$89.00	1:2	Aug 3	$0.00	$1.00
$87.00	$88.00	1:2	Aug 5	$0.00	$1.00
$93.00	$94.00	1:2	Aug 14	$0.00	$1.00

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$75.00	$70.00	1:2	Aug 14	$0.00	$5.00
$75.00	$70.00	1:2	Jul 31	-$0.01	$4.99
$75.00	$70.00	1:2	Aug 7	-$0.01	$4.99
$75.00	$70.00	1:2	Aug 28	-$0.01	$4.99
$74.00	$70.00	1:2	Jul 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. 65 found (best yield 1.25%, avg 0.34%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$83.50	Sep 4	$1.04	0.42	0.4%	1.25%	1.67%	70	--
$83.50	Aug 28	$0.99	0.43	0.4%	1.19%	1.61%	143	346
$83.50	Aug 21	$0.83	0.42	0.4%	1.00%	1.42%	297	5.9K
$84.00	Sep 4	$0.83	0.37	1.0%	1.00%	2.02%	261	--
$84.00	Aug 28	$0.78	0.37	1.0%	0.94%	1.96%	2.1K	4.5K
$83.50	Aug 14	$0.68	0.41	0.4%	0.82%	1.24%	223	375
$84.50	Sep 4	$0.66	0.31	1.6%	0.79%	2.42%	155	--
$84.00	Aug 21	$0.63	0.35	1.0%	0.76%	1.78%	10.4K	24.1K
$84.50	Aug 28	$0.60	0.31	1.6%	0.72%	2.35%	5.3K	4.3K
$83.50	Aug 7	$0.52	0.39	0.4%	0.63%	1.05%	111	443

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 95,964

Total Puts 162,085

Put/Call Ratio 1.69

Net Difference -66,121

Prior's Put/Call Breakdown

Total Calls 40,629

Total Puts 35,119

Put/Call Ratio 0.86

Net Difference 5,510

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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Option Volume

Dollar Volume

Put/Call Ratio

Open Interest

Expected Move

Relative Spread

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Current 5-Minute Volume Snapshots

Prior's 5-Minute Volume Snapshots

Current Put/Call Breakdown

Prior's Put/Call Breakdown

Prior 7-Day Put/Call Summary

Daily Put/Call History (Last 7 Days)

Upcoming Earnings - 2 Weeks Prior

Upcoming Earnings - 1 Week Prior

Earnings This Week

Earnings - Day Before / Day After

Options Activity Around Earnings

Chart Title

Price — Past 7 Days

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