Tour v394
TLT
iShares 20+ Year Treasury Bond ETF
$83.19 -0.30%
(7/23 12:00) ◀
|
Thursday, July 23, 2026 (1:00pm)
January 2026
|
▶ (7/23 14:00)
◀ 7/23 13:00 ▶

Option Volume

Detail
ℹ
Current (07/23 1:00pm) 302,807
Calls: 110,880 (37%)
Puts: 191,927 (63%)
Prior (07/22) 100,253
Calls: 52,760 (53%)
Puts: 47,493 (47%)
Current vs Prior +202.04%
Calls: +110.16% (Calls)
Puts: +304.12% (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 -5.82%
Calls: -49.26%
Puts: +86.36%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (07/23 1:00pm) $13.72M
Calls: $5.87M (43%)
Puts: $7.85M (57%)
Prior (07/22) $9.06M
Calls: $5.53M (61%)
Puts: $3.53M (39%)
Current vs Prior +51.38%
Calls: +6.24%
Puts: +121.99%
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 -66.22%
Calls: -82.94%
Puts: +27.04%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (07/23 1:00pm) 1.73
Prior (07/22) 0.90
Current vs Prior +92.29%
Prior 7-Day Average 0.49
Current vs Prior 7-Day Avg +254.80%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (07/23 1:00pm) 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
Expiry (07/24) | Next (07/27)Expiry (07/24) | Next (07/31)Expiry (08/21) | Next (09/18)
Current 0.84% | 1.06%0.84% | 1.60%2.75% | 4.16%
Prior 1.07% | 1.11%1.07% | 1.55%2.61% | 3.93%
Current vs Prior -21.11% | -5.09%-21.11% | +3.41%+5.36% | +5.81%
Prior 7-Day Avg 0.88% | 1.09%0.97% | 1.50%1.24% | 3.23%
Current vs 7-Day Avg -4.68% | -2.67%-13.40% | +6.67%+121.49% | +28.67%
Prior 7-Day Eod 1.07% | 1.11%1.05% | 1.67%2.79% | 3.95%
Current vs 7-Day Eod -21.11% | -5.09%-20.22% | -4.03%-1.42% | +5.17%
Sentiment BULLISHBULLISHBEARISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 4.22% | 2.28%
Calls: 3.03% | 2.33%
Puts: 5.41% | 2.22%
Prior 26.75% | 54.73%
Calls: 37.50% | 38.03%
Puts: 16.00% | 71.43%
Current vs Prior -84.22% | -95.83%
Prior 7-Day Avg 9.90% | 10.56%
Calls: 10.37% | 7.92%
Puts: 9.43% | 13.19%
Current vs 7-Day Avg -57.37% | -78.40%
Liquidity Good
+
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🤖 AI Insights

Elevated premium activity with dollar volume up 51% vs prior. Unusually high activity with volume up 202% vs prior - elevated interest. Extreme bearish P/C ratio of 1.73 - heavy put buying. P/C ratio rising 92% - 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
13:00BEARISHBEARISHBEARISH
12:00BEARISHBEARISHBEARISH
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 321 of results (avg 2.8%, best 0.3%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$69.00Aug 2114.2514.30$14.280.4%--1.00134
$70.00Jul 3113.2513.30$13.280.4%61.0029
$70.00Aug 2113.2513.30$13.280.4%2961.00149
$71.00Aug 2112.2512.30$12.280.4%2821.0063
$72.00Aug 2111.2511.30$11.280.4%--1.0032
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$96.00Aug 2113.0013.05$13.030.4%--0.99136
$95.00Aug 2112.0012.05$12.030.4%--0.99138
$94.00Aug 2111.0011.05$11.030.5%--0.99212
$93.00Aug 710.0010.05$10.030.5%--0.9949
$93.00Aug 1410.0010.05$10.030.5%--0.9942

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 156 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%1220.064.6K
$87.50Aug 140.050.06$0.0616.7%760.057.6K
$88.50Aug 210.050.06$0.0616.7%100.0448
$89.50Aug 280.050.06$0.0616.7%--0.04553
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$81.00Jul 310.050.06$0.0616.7%1.9K0.083.4K
$80.50Aug 30.050.06$0.0616.7%2700.07960
$80.00Aug 50.050.06$0.0616.7%3530.06300
$79.50Aug 70.050.06$0.0616.7%2970.06503
$78.00Aug 210.050.06$0.0616.7%1130.042.2K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 230 found (avg delta 0.87, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$72.00Aug 311.2511.35$11.300.9%61.0018
$73.00Aug 310.2510.35$10.301.0%321.0029
$74.00Aug 39.259.35$9.301.1%81.0021
$75.00Aug 38.258.35$8.301.2%461.002
$76.00Aug 37.257.35$7.301.4%261.0014
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$85.00Jul 241.781.83$1.812.8%3961.006.6K
$86.00Jul 242.792.83$2.811.4%231.0033
$87.00Jul 243.753.90$3.833.9%31.003
$87.50Jul 244.254.40$4.333.5%11.001
$88.00Jul 244.754.90$4.833.1%--1.00965

Most actively traded options today. High liquidity = easy entry/exit. 388 active (total vol 302.8K, top 51.7K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$84.00Aug 210.640.65$0.651.5%10.5K0.3524.1K
$85.00Aug 210.340.35$0.352.9%8.1K0.2363.6K
$84.00Aug 50.280.29$0.293.4%5.9K0.28136
$85.00Aug 280.460.47$0.472.1%5.5K0.265.8K
$87.00Aug 280.150.16$0.166.3%5.4K0.101.1K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$81.00Aug 210.280.29$0.293.4%51.7K0.2110.2K
$80.00Aug 210.150.16$0.166.3%51.3K0.1217.0K
$79.50Aug 210.110.12$0.128.3%11.6K0.09202
$83.00Aug 210.940.95$0.951.1%11.0K0.5158.1K
$81.50Aug 210.390.40$0.402.5%9.4K0.27776

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 172.0%, max 475.0%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$70.00Jul 24Aug 21114.4%22.1%416.5%297153
$96.00Jul 24Aug 2895.0%19.5%387.5%--959
$95.00Jul 24Aug 2888.8%18.2%386.8%11.3K
$75.00Jul 24Aug 2172.2%15.8%356.9%135183
$93.00Jul 24Aug 2876.0%16.8%351.4%--772
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$70.00Jul 24Aug 28114.4%19.9%475.0%1677
$74.00Jul 24Aug 2180.6%17.5%359.3%--1.5K
$76.00Jul 24Aug 2863.9%14.2%349.5%--247
$77.00Jul 24Aug 2855.6%13.4%313.5%54559
$78.00Jul 24Sep 447.3%12.1%291.2%1111.3K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 92 found (best R:R 6.69, avg 1.69)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$83.50$84.00Jul 27$0.11$0.39$0.113.55$83.61
$84.00$84.50Aug 3$0.11$0.39$0.113.55$84.11
$84.50$85.00Aug 14$0.11$0.39$0.113.55$84.61
$84.00$84.50Jul 31$0.12$0.38$0.123.17$84.12
$84.00$84.50Aug 5$0.12$0.38$0.123.17$84.12
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$82.00$81.00Aug 3$0.13$0.87$0.136.69$81.87
$82.00$81.50Aug 5$0.10$0.40$0.104.00$81.90
$82.00$81.50Aug 7$0.11$0.39$0.113.55$81.89
$81.50$81.00Aug 21$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. 121 found (best R:R 15.67, avg 1.57)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$78.00$80.00Aug 28$1.88$1.88$0.1215.67$79.88
$78.00$80.00Sep 4$1.87$1.87$0.1314.38$79.87
$80.00$81.00Sep 4$0.83$0.83$0.174.88$80.83
$82.00$82.50Jul 31$0.40$0.40$0.104.00$82.40
$82.00$82.50Aug 3$0.40$0.40$0.104.00$82.40
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$85.00$84.50Aug 14$0.40$0.40$0.104.00$84.60
$84.00$83.50Jul 27$0.39$0.39$0.113.55$83.61
$84.50$84.00Aug 5$0.39$0.39$0.113.55$84.11
$85.00$84.50Aug 21$0.39$0.39$0.113.55$84.61
$85.50$85.00Sep 4$0.39$0.39$0.113.55$85.11

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 14 found (avg debit $0.10, cheapest $0.05)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$82.00Jul 24Jul 27$0.0513.0%9.2%
$82.50Jul 24Jul 27$0.0611.7%8.2%
$74.00Jul 24Jul 31$0.0780.6%30.1%
$75.00Jul 24Jul 31$0.0772.2%27.0%
$76.00Jul 24Jul 31$0.0763.9%23.9%
PUTS (4)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$83.00Jul 24Jul 27$0.0810.8%8.0%
$83.50Jul 24Jul 27$0.0810.8%8.7%
$88.00Jul 24Aug 3$0.1741.5%15.9%
$86.50Jul 31Aug 7$0.2514.3%13.1%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 212 found (cheapest 0.54% of stock, avg 4.70%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$83.00Jul 24$0.33$0.12$0.45$82.55$83.450.54%
$83.50Jul 24$0.09$0.37$0.46$83.04$83.960.55%
$83.00Jul 27$0.43$0.20$0.63$82.37$83.630.76%
$83.50Jul 27$0.18$0.45$0.63$82.87$84.130.76%
$82.50Jul 24$0.74$0.03$0.77$81.73$83.270.93%
$84.00Jul 24$0.03$0.82$0.85$83.15$84.851.02%
$82.50Jul 27$0.80$0.07$0.87$81.63$83.371.05%
$83.00Jul 29$0.56$0.31$0.87$82.13$83.871.05%
$83.50Jul 29$0.31$0.56$0.87$82.63$84.371.05%
$84.00Jul 27$0.07$0.84$0.91$83.09$84.911.09%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 229 found (cheapest 0.07% of stock, avg 0.85%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$84.00$82.50Jul 24$0.03$0.03$0.06$82.44$84.06
$84.50$82.00Jul 27$0.03$0.03$0.06$81.94$84.56
$85.00$81.50Jul 29$0.04$0.05$0.09$81.41$85.09
$84.00$82.00Jul 27$0.07$0.03$0.10$81.90$84.10
$84.50$82.50Jul 27$0.03$0.07$0.10$82.40$84.60
$85.50$81.00Jul 31$0.05$0.06$0.11$80.89$85.61
$83.50$82.50Jul 24$0.09$0.03$0.12$82.38$83.62
$84.50$81.50Jul 29$0.07$0.05$0.12$81.38$84.62
$85.00$82.00Jul 29$0.04$0.08$0.12$81.88$85.12
$85.50$80.50Aug 3$0.06$0.06$0.12$80.38$85.62

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 36 found (best R:R 3.55, avg credit $0.35)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
82/8384/84Aug 5$0.39$0.113.55$82.61$83.89
82/8284/84Aug 28$0.39$0.113.55$82.11$83.89
82/8284/84Sep 4$0.39$0.113.55$81.61$83.89
82/8384/85Sep 4$0.39$0.113.55$82.61$84.89
81/8283/84Sep 4$0.38$0.123.17$81.12$83.38
82/8284/84Sep 4$0.38$0.123.17$82.12$84.38
81/8283/84Aug 28$0.37$0.132.85$81.13$83.37
82/8283/84Aug 5$0.36$0.142.57$81.64$83.36
82/8284/84Aug 28$0.36$0.142.57$81.64$83.86
82/8284/84Aug 28$0.36$0.142.57$82.14$84.36

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 73 found (best R:R 19.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$78.00$79.00$80.00Aug 21$0.05$0.9519.00
$76.00$77.00$78.00Jul 24$0.06$0.9415.67
$78.00$79.00$80.00Jul 29$0.06$0.9415.67
$78.00$79.00$80.00Aug 14$0.06$0.9415.67
$83.50$84.00$84.50Jul 24$0.05$0.459.00
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$81.50$82.00$82.50Jul 29$0.05$0.459.00
$82.00$82.50$83.00Aug 7$0.05$0.459.00
$83.00$83.50$84.00Aug 7$0.05$0.459.00
$86.00$86.50$87.00Aug 14$0.05$0.459.00
$82.00$82.50$83.00Aug 21$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. 150 found (best net $--, 141 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$93.00$95.001:2Aug 28-$0.01$1.99
$81.50$83.001:2Sep 4-$0.37$1.13
$87.00$88.001:2Aug 5$0.00$1.00
$93.00$94.001:2Aug 14$0.00$1.00
$97.00$98.001:2Aug 21$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. 66 found (best yield 1.27%, avg 0.34%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$83.50Sep 4$1.060.430.4%1.27%1.65%80--
$83.50Aug 28$0.990.440.4%1.19%1.56%156346
$83.50Aug 21$0.840.430.4%1.01%1.38%2985.9K
$84.00Sep 4$0.840.371.0%1.01%1.98%261--
$84.00Aug 28$0.780.371.0%0.94%1.91%2.2K4.5K
$83.50Aug 14$0.690.410.4%0.83%1.20%395375
$84.50Sep 4$0.660.311.6%0.79%2.37%155--
$84.00Aug 21$0.640.351.0%0.77%1.74%10.5K24.1K
$84.50Aug 28$0.600.311.6%0.72%2.30%5.3K4.3K
$83.50Aug 7$0.530.400.4%0.64%1.01%118443

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 110,880
Total Puts 191,927
Put/Call Ratio 1.73
Net Difference -81,047

Prior's Put/Call Breakdown

Total Calls 52,760
Total Puts 47,493
Put/Call Ratio 0.90
Net Difference 5,267

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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