Tour v394
TLT
iShares 20+ Year Treasury Bond ETF
$83.10 -0.41%
(7/23 13:00) ◀
|
Thursday, July 23, 2026 (2:00pm)
January 2026
|
▶ (7/23 15:43)
◀ 7/23 14:00 ▶

Option Volume

Detail
ℹ
Current (07/23 2:00pm) 317,192
Calls: 116,995 (37%)
Puts: 200,197 (63%)
Prior (07/22) 132,608
Calls: 79,299 (60%)
Puts: 53,309 (40%)
Current vs Prior +139.20%
Calls: +47.54% (Calls)
Puts: +275.54% (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 -1.35%
Calls: -46.47%
Puts: +94.39%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (07/23 2:00pm) $15.21M
Calls: $5.76M (38%)
Puts: $9.45M (62%)
Prior (07/22) $10.38M
Calls: $6.15M (59%)
Puts: $4.23M (41%)
Current vs Prior +46.50%
Calls: -6.39%
Puts: +123.50%
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 -62.56%
Calls: -83.27%
Puts: +52.95%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (07/23 2:00pm) 1.71
Prior (07/22) 0.67
Current vs Prior +154.54%
Prior 7-Day Average 0.49
Current vs Prior 7-Day Avg +250.76%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (07/23 2:00pm) 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% | 1.07%0.84% | 1.60%2.77% | 4.15%
Prior 1.07% | 1.11%1.07% | 1.55%2.61% | 3.93%
Current vs Prior -21.03% | -3.91%-21.02% | +3.53%+5.93% | +5.61%
Prior 7-Day Avg 0.88% | 1.09%0.97% | 1.50%1.24% | 3.23%
Current vs 7-Day Avg -4.58% | -1.45%-13.30% | +6.79%+122.70% | +28.43%
Prior 7-Day Eod 1.07% | 1.11%1.05% | 1.67%2.79% | 3.95%
Current vs 7-Day Eod -21.03% | -3.91%-20.13% | -3.93%-0.88% | +4.97%
Sentiment BULLISHBULLISHBEARISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 4.20% | 2.31%
Calls: 3.85% | 2.70%
Puts: 4.55% | 1.92%
Prior 26.75% | 54.73%
Calls: 37.50% | 38.03%
Puts: 16.00% | 71.43%
Current vs Prior -84.30% | -95.78%
Prior 7-Day Avg 9.90% | 10.56%
Calls: 10.37% | 7.92%
Puts: 9.43% | 13.19%
Current vs 7-Day Avg -57.57% | -78.12%
Liquidity Good
+
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🤖 AI Insights

Moderately bearish flow with 62% put dollar volume ($9.45M). Unusually high activity with volume up 139% vs prior - elevated interest. Extreme bearish P/C ratio of 1.71 - heavy put buying. P/C ratio rising 155% - 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 BULLISH
7-Day Avg NEUTRAL
Current BEARISH
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
14:00BEARISHBEARISHBEARISH
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 325 of results (avg 3.0%, best 0.7%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$82.00Aug 141.501.51$1.510.7%1090.70538
$82.50Aug 281.471.48$1.480.7%970.5734
$82.50Aug 211.311.32$1.320.8%4860.5880
$67.00Aug 2116.1016.25$16.180.9%--1.0047
$83.00Aug 211.031.04$1.041.0%2.6K0.488.1K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$95.00Aug 712.0512.15$12.100.8%--0.9910
$93.50Aug 710.5510.65$10.600.9%--0.9979
$83.50Aug 71.041.05$1.051.0%2220.631.9K
$93.00Aug 710.0510.15$10.101.0%--0.9949
$84.50Aug 281.992.01$2.001.0%110.70571

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 159 found (avg $0.35, cheapest $0.06)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$84.00Jul 270.050.06$0.0616.7%7280.141.4K
$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
$83.50Jul 240.060.07$0.0714.3%5.5K0.222.3K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$81.00Jul 310.050.06$0.0616.7%2.0K0.083.4K
$80.00Aug 50.050.06$0.0616.7%3530.07300
$79.50Aug 70.050.06$0.0616.7%2970.06503
$78.00Aug 210.050.06$0.0616.7%1130.042.2K
$77.00Aug 280.050.06$0.0616.7%540.04157

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 225 found (avg delta 0.88, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$72.00Aug 311.1011.25$11.181.3%61.0018
$73.00Aug 310.1010.25$10.181.5%321.0029
$74.00Aug 39.159.25$9.201.1%81.0021
$75.00Aug 38.108.25$8.181.8%461.002
$76.00Aug 37.157.25$7.201.4%261.0014
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$85.00Jul 241.881.93$1.902.6%2.2K1.006.6K
$86.00Jul 242.872.93$2.902.1%581.0033
$87.00Jul 243.853.95$3.902.6%31.003
$87.50Jul 244.354.50$4.433.4%11.001
$88.00Jul 244.854.95$4.902.0%9651.00965

Most actively traded options today. High liquidity = easy entry/exit. 401 active (total vol 317.2K, top 52.0K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$84.00Aug 210.600.61$0.611.6%10.5K0.3424.1K
$85.00Aug 210.320.33$0.333.0%8.9K0.2163.6K
$84.00Aug 50.250.26$0.263.8%5.9K0.26136
$83.50Jul 240.060.07$0.0714.3%5.5K0.222.3K
$85.00Aug 280.430.44$0.442.3%5.5K0.245.8K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$81.00Aug 210.300.31$0.313.2%52.0K0.2210.2K
$80.00Aug 210.160.17$0.175.9%51.4K0.1317.0K
$79.50Aug 210.120.13$0.137.7%11.6K0.10202
$83.00Aug 210.981.00$0.992.0%11.1K0.5358.1K
$81.50Aug 210.410.43$0.424.8%9.4K0.28776

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 68 strikes (avg 181.2%, max 426.2%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$70.00Jul 24Aug 21115.9%22.0%426.2%297153
$95.00Jul 24Aug 2891.2%18.3%397.2%11.3K
$96.00Jul 24Aug 2897.5%19.6%397.1%--959
$75.00Jul 24Aug 2172.9%15.7%365.6%135183
$93.00Jul 24Aug 2878.1%17.0%359.4%--772
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$70.00Jul 24Aug 28115.9%22.4%417.5%1677
$74.00Jul 24Aug 2181.4%17.5%366.2%--1.5K
$76.00Jul 24Aug 2864.4%14.1%357.8%--247
$77.00Jul 24Aug 2856.0%13.3%321.5%54559
$78.00Jul 24Sep 447.5%11.9%299.1%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 4.00, avg 1.76)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$84.00$84.50Jul 31$0.10$0.40$0.104.00$84.10
$84.00$84.50Aug 3$0.10$0.40$0.104.00$84.10
$84.50$85.00Aug 14$0.10$0.40$0.104.00$84.60
$84.00$84.50Aug 5$0.11$0.39$0.113.55$84.11
$85.00$85.50Aug 28$0.11$0.39$0.113.55$85.11
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$82.00$81.50Aug 3$0.10$0.40$0.104.00$81.90
$81.00$80.50Aug 28$0.10$0.40$0.104.00$80.90
$83.00$82.50Jul 24$0.11$0.39$0.113.55$82.89
$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

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 120 found (best R:R 15.67, avg 1.51)

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$1.85$1.85$0.1512.33$79.85
$80.00$81.00Sep 4$0.81$0.81$0.194.26$80.81
$81.00$81.50Aug 21$0.40$0.40$0.104.00$81.40
$82.50$83.00Jul 24$0.39$0.39$0.113.55$82.89
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$87.50$85.50Sep 4$1.77$1.77$0.237.70$85.73
$85.00$84.50Aug 21$0.39$0.39$0.113.55$84.61
$85.00$84.50Aug 28$0.38$0.38$0.123.17$84.62
$84.50$84.00Aug 14$0.37$0.37$0.132.85$84.13
$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. 11 found (avg debit $0.11, cheapest $0.06)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$75.00Jul 24Jul 31$0.0772.9%26.8%
$77.00Jul 24Jul 31$0.0756.0%20.6%
$79.50Jul 24Jul 31$0.0734.7%15.0%
$82.50Jul 24Jul 27$0.0710.9%8.4%
$83.50Jul 24Jul 27$0.0811.2%8.6%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$82.50Jul 24Jul 27$0.0610.9%8.4%
$83.50Jul 24Jul 27$0.0811.2%8.6%
$83.00Jul 24Jul 27$0.0910.2%7.8%
$88.00Jul 24Aug 3$0.2543.0%16.2%
$86.50Jul 31Aug 7$0.2514.7%12.9%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 213 found (cheapest 0.48% of stock, avg 4.70%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$83.00Jul 24$0.26$0.14$0.40$82.60$83.400.48%
$83.50Jul 24$0.07$0.44$0.51$82.99$84.010.61%
$83.00Jul 27$0.37$0.23$0.60$82.40$83.600.72%
$83.50Jul 27$0.15$0.52$0.67$82.83$84.170.81%
$82.50Jul 24$0.65$0.03$0.68$81.82$83.180.82%
$82.50Jul 27$0.72$0.09$0.81$81.69$83.310.97%
$83.00Jul 29$0.51$0.35$0.86$82.14$83.861.03%
$83.50Jul 29$0.27$0.62$0.89$82.61$84.391.07%
$84.00Jul 24$0.03$0.91$0.94$83.06$84.941.13%
$84.00Jul 27$0.06$0.93$0.99$83.01$84.991.19%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 229 found (cheapest 0.07% of stock, avg 0.95%)

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
$84.00$82.00Jul 27$0.06$0.03$0.09$81.91$84.09
$85.00$81.50Jul 29$0.04$0.05$0.09$81.41$85.09
$83.50$82.50Jul 24$0.07$0.03$0.10$82.40$83.60
$85.50$81.00Jul 31$0.05$0.06$0.11$80.89$85.61
$84.50$82.50Jul 27$0.03$0.09$0.12$82.38$84.62
$84.50$81.50Jul 29$0.07$0.05$0.12$81.38$84.62
$85.00$82.00Jul 29$0.04$0.09$0.13$81.87$85.13
$85.00$81.00Jul 31$0.07$0.06$0.13$80.87$85.13

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 38 found (best R:R 4.00, avg credit $0.35)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
82/8284/84Aug 28$0.40$0.104.00$82.10$83.90
82/8384/84Aug 5$0.39$0.113.55$82.61$83.89
80/8182/83Aug 28$0.38$0.123.17$80.62$82.88
82/8284/84Sep 4$0.38$0.123.17$81.62$83.88
82/8284/84Sep 4$0.38$0.123.17$82.12$84.38
82/8384/85Sep 4$0.38$0.123.17$82.62$84.88
82/8284/84Aug 28$0.37$0.132.85$81.63$83.87
82/8284/84Aug 28$0.37$0.132.85$82.13$84.37
80/8183/84Sep 4$0.37$0.132.85$80.63$83.37
81/8283/84Aug 28$0.36$0.142.57$81.14$83.36

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 78 found (best R:R 11.50, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$78.00$79.00$80.00Aug 21$0.08$0.9211.50
$81.50$82.00$82.50Jul 27$0.05$0.459.00
$84.00$84.50$85.00Jul 31$0.05$0.459.00
$81.00$81.50$82.00Aug 3$0.05$0.459.00
$84.00$84.50$85.00Aug 28$0.05$0.459.00
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$81.50$82.00$82.50Jul 27$0.05$0.459.00
$84.00$84.50$85.00Jul 31$0.05$0.459.00
$81.50$82.00$82.50Aug 3$0.05$0.459.00
$84.00$84.50$85.00Aug 3$0.05$0.459.00
$82.00$82.50$83.00Aug 5$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. 143 found (best net $--, 135 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$93.00$95.001:2Aug 28-$0.01$1.99
$81.50$83.001:2Sep 4-$0.34$1.16
$93.00$94.001:2Aug 14$0.00$1.00
$97.00$98.001:2Aug 21$0.00$1.00
$78.00$80.001:2Aug 28-$1.47$0.53
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. 65 found (best yield 1.22%, avg 0.32%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$83.50Sep 4$1.010.420.5%1.22%1.70%93--
$83.50Aug 28$0.950.420.5%1.14%1.62%157346
$84.00Sep 4$0.800.361.1%0.96%2.05%262--
$83.50Aug 21$0.790.410.5%0.95%1.43%3025.9K
$84.00Aug 28$0.740.361.1%0.89%1.97%2.2K4.5K
$83.50Aug 14$0.640.400.5%0.77%1.25%416375
$84.50Sep 4$0.620.301.7%0.75%2.43%155--
$84.00Aug 21$0.600.341.1%0.72%1.81%10.5K24.1K
$84.50Aug 28$0.570.301.7%0.69%2.37%5.3K4.3K
$83.50Aug 7$0.480.380.5%0.58%1.06%122443

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 116,995
Total Puts 200,197
Put/Call Ratio 1.71
Net Difference -83,202

Prior's Put/Call Breakdown

Total Calls 79,299
Total Puts 53,309
Put/Call Ratio 0.67
Net Difference 25,990

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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