Tour v394
TLT
iShares 20+ Year Treasury Bond ETF
$83.18 -0.32%
(7/23 14:00) ◀
|
Thursday, July 23, 2026 (3:30pm)
January 2026
|
▶ (7/23 16:05)
◀ 7/23 15:43 ▶

Option Volume

Detail
ℹ
Current (07/23 3:30pm) 382,072
Calls: 164,274 (43%)
Puts: 217,798 (57%)
Prior (07/22) 142,867
Calls: 86,711 (61%)
Puts: 56,156 (39%)
Current vs Prior +167.43%
Calls: +89.45% (Calls)
Puts: +287.84% (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 +18.83%
Calls: -24.83%
Puts: +111.48%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (07/23 3:30pm) $22.67M
Calls: $10.75M (47%)
Puts: $11.92M (53%)
Prior (07/22) $11.14M
Calls: $6.65M (60%)
Puts: $4.50M (40%)
Current vs Prior +103.42%
Calls: +61.76%
Puts: +164.98%
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 -44.18%
Calls: -68.78%
Puts: +93.01%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (07/23 3:30pm) 1.33
Prior (07/22) 0.65
Current vs Prior +104.72%
Prior 7-Day Average 0.49
Current vs Prior 7-Day Avg +171.76%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (07/23 3:30pm) 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 0.85% | 1.07%0.85% | 1.61%2.75% | 4.15%
Prior 1.07% | 1.11%1.07% | 1.55%2.61% | 3.93%
Current vs Prior -19.98% | -4.00%-19.97% | +4.20%+5.37% | +5.51%
Prior 7-Day Avg 0.88% | 1.09%0.97% | 1.50%1.24% | 3.23%
Current vs 7-Day Avg -3.31% | -1.55%-12.14% | +7.49%+121.52% | +28.31%
Prior 7-Day Eod 1.07% | 1.11%1.05% | 1.67%2.79% | 3.95%
Current vs 7-Day Eod -19.98% | -4.00%-19.07% | -3.30%-1.41% | +4.87%
Sentiment BULLISHBULLISHBEARISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 2.84% | 2.25%
Calls: 3.13% | 2.38%
Puts: 2.56% | 2.13%
Prior 26.75% | 54.73%
Calls: 37.50% | 38.03%
Puts: 16.00% | 71.43%
Current vs Prior -89.38% | -95.89%
Prior 7-Day Avg 9.90% | 10.56%
Calls: 10.37% | 7.92%
Puts: 9.43% | 13.19%
Current vs 7-Day Avg -71.31% | -78.69%
Liquidity Good
+
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🤖 AI Insights

Massive premium surge with dollar volume up 103% vs prior. Unusually high activity with volume up 167% vs prior - elevated interest. Bearish P/C ratio of 1.33 indicates protective positioning. P/C ratio rising 105% - 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
15:30BEARISHBEARISHBEARISH
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 329 of results (avg 2.9%, best 0.6%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$82.00Aug 211.681.69$1.690.6%6720.69756
$70.00Jul 3113.2013.30$13.250.8%61.0029
$83.00Aug 281.231.24$1.230.8%3150.50176
$82.50Aug 141.211.22$1.210.8%9730.6125
$72.00Aug 311.2011.30$11.250.9%61.0018
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$83.50Aug 141.111.12$1.120.9%2790.591.0K
$94.00Aug 2111.0011.10$11.050.9%10.99212
$93.50Aug 710.4510.55$10.501.0%--0.9979
$83.50Aug 70.991.00$1.001.0%2250.611.9K
$84.50Aug 281.931.95$1.941.0%110.69571

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
$85.50Aug 30.050.06$0.0616.7%830.07332
$86.50Aug 70.050.06$0.0616.7%1570.064.6K
$87.50Aug 140.050.06$0.0616.7%900.057.6K
$88.50Aug 210.050.06$0.0616.7%170.0448
$89.50Aug 280.050.06$0.0616.7%20.04553
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$81.00Jul 310.050.06$0.0616.7%2.0K0.083.4K
$80.50Aug 30.050.06$0.0616.7%2730.07960
$80.00Aug 50.050.06$0.0616.7%3530.06300
$78.00Aug 210.050.06$0.0616.7%1150.042.2K
$77.00Aug 280.050.06$0.0616.7%540.04157

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 230 found (avg delta 0.88, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$72.00Aug 311.2011.30$11.250.9%61.0018
$73.00Aug 310.2010.30$10.251.0%321.0029
$74.00Aug 39.209.30$9.251.1%81.0021
$75.00Aug 38.208.35$8.271.8%461.002
$76.00Aug 37.207.35$7.282.1%261.0014
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$85.00Jul 241.791.84$1.822.7%6.7K1.006.6K
$86.00Jul 242.792.85$2.822.1%1081.0033
$87.00Jul 243.753.85$3.802.6%31.003
$87.50Jul 244.254.35$4.302.3%11.001
$88.00Jul 244.754.85$4.802.1%2.4K1.00965

Most actively traded options today. High liquidity = easy entry/exit. 423 active (total vol 382.0K, top 52.0K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$84.00Jul 310.240.25$0.254.0%12.7K0.298.3K
$84.00Aug 210.620.63$0.631.6%11.8K0.3524.1K
$85.00Aug 210.330.34$0.342.9%10.6K0.2263.6K
$83.50Jul 240.090.10$0.1010.0%6.5K0.292.3K
$84.00Aug 50.270.28$0.283.6%5.9K0.27136
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$81.00Aug 210.280.29$0.293.4%52.0K0.2110.2K
$80.00Aug 210.150.16$0.166.3%51.4K0.1217.0K
$79.50Aug 210.110.12$0.128.3%11.6K0.09202
$83.00Aug 210.930.95$0.942.1%11.3K0.5158.1K
$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 184.5%, max 443.8%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$70.00Jul 24Aug 21120.6%22.2%443.8%297153
$96.00Jul 24Aug 28100.2%19.5%412.9%--959
$95.00Jul 24Aug 2893.6%18.3%411.7%11.3K
$75.00Jul 24Aug 2176.1%15.8%381.4%135183
$93.00Jul 24Aug 2880.1%16.9%374.3%--772
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$70.00Jul 24Aug 28120.6%22.5%435.0%1677
$74.00Jul 24Aug 2184.9%17.5%383.9%--1.5K
$76.00Jul 24Aug 2867.4%14.2%373.8%--247
$77.00Jul 24Aug 2858.6%13.4%336.0%54559
$78.00Jul 24Sep 449.9%12.1%313.1%1361.3K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 89 found (best R:R 4.00, avg 1.72)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$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
$85.50$86.00Sep 4$0.10$0.40$0.104.00$85.60
$83.50$84.00Jul 27$0.11$0.39$0.113.55$83.61
$84.00$84.50Jul 31$0.11$0.39$0.113.55$84.11
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$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
$81.50$81.00Aug 28$0.12$0.38$0.123.17$81.38
$81.00$80.50Sep 4$0.12$0.38$0.123.17$80.88

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 118 found (best R:R 12.33, avg 1.53)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$78.00$80.00Aug 28$1.85$1.85$0.1512.33$79.85
$78.00$80.00Sep 4$1.85$1.85$0.1512.33$79.85
$80.00$81.00Sep 4$0.82$0.82$0.184.56$80.82
$81.50$82.00Aug 14$0.40$0.40$0.104.00$81.90
$82.00$82.50Aug 3$0.39$0.39$0.113.55$82.39
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$87.50$85.50Sep 4$1.76$1.76$0.247.33$85.74
$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
$84.00$83.50Jul 27$0.38$0.38$0.123.17$83.62
$84.50$84.00Aug 7$0.38$0.38$0.123.17$84.12

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
$70.00Jul 24Jul 31$0.05120.6%43.0%
$74.00Jul 24Jul 31$0.0584.9%30.3%
$75.00Jul 24Jul 31$0.0576.1%27.2%
$82.50Jul 24Jul 27$0.0612.4%8.6%
$76.00Jul 24Jul 31$0.0867.4%24.0%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$82.50Jul 24Jul 27$0.0512.4%8.6%
$83.50Jul 24Jul 27$0.0812.1%8.9%
$83.00Jul 24Jul 27$0.1010.8%8.2%
$88.00Jul 24Aug 3$0.2543.7%16.0%
$86.50Jul 31Aug 7$0.2514.5%13.2%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 215 found (cheapest 0.52% of stock, avg 4.67%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$83.00Jul 24$0.32$0.11$0.43$82.57$83.430.52%
$83.50Jul 24$0.10$0.39$0.49$83.01$83.990.59%
$83.00Jul 27$0.42$0.21$0.63$82.37$83.630.76%
$83.50Jul 27$0.18$0.47$0.65$82.85$84.150.78%
$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%
$83.00Jul 29$0.55$0.32$0.87$82.13$83.871.05%
$82.50Jul 27$0.80$0.08$0.88$81.62$83.381.06%
$83.50Jul 29$0.31$0.57$0.88$82.62$84.381.06%
$84.00Jul 27$0.07$0.85$0.92$83.08$84.921.11%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 229 found (cheapest 0.07% of stock, avg 0.90%)

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$0.08$0.11$82.39$84.61
$85.50$81.00Jul 31$0.05$0.06$0.11$80.89$85.61
$84.50$81.50Jul 29$0.07$0.05$0.12$81.38$84.62
$83.50$82.50Jul 24$0.10$0.03$0.13$82.37$83.63
$85.00$82.00Jul 29$0.04$0.09$0.13$81.87$85.13
$84.00$83.00Jul 24$0.03$0.11$0.14$82.86$84.14

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 45 found (best R:R 4.00, avg credit $0.34)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
82/8283/84Aug 5$0.40$0.104.00$82.10$83.40
82/8284/84Aug 28$0.40$0.104.00$82.10$83.90
82/8384/84Sep 4$0.40$0.104.00$82.60$84.40
83/8484/84Aug 5$0.39$0.113.55$83.11$84.39
81/8283/84Sep 4$0.39$0.113.55$81.11$83.39
82/8284/84Sep 4$0.39$0.113.55$81.61$83.89
82/8283/84Aug 28$0.38$0.123.17$81.62$83.38
82/8384/85Sep 4$0.38$0.123.17$82.62$84.88
83/8486/86Sep 4$0.38$0.123.17$83.12$85.88
82/8284/84Aug 28$0.37$0.132.85$82.13$84.37

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 68 found (best R:R 9.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$83.00$83.50$84.00Aug 7$0.05$0.459.00
$81.00$81.50$82.00Aug 21$0.05$0.459.00
$83.00$83.50$84.00Aug 21$0.05$0.459.00
$83.50$84.00$84.50Sep 4$0.05$0.459.00
$82.00$82.50$83.00Jul 24$0.06$0.447.33
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$84.50$85.00$85.50Aug 3$0.05$0.459.00
$86.00$86.50$87.00Aug 7$0.05$0.459.00
$82.50$83.00$83.50Aug 14$0.05$0.459.00
$86.50$87.00$87.50Aug 14$0.05$0.459.00
$82.50$83.00$83.50Aug 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. 148 found (best net $--, 142 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
$94.00$95.001:2Aug 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
$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. 66 found (best yield 1.25%, avg 0.34%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$83.50Sep 4$1.040.430.4%1.25%1.64%113--
$83.50Aug 28$0.980.430.4%1.18%1.56%321346
$84.00Sep 4$0.830.371.0%1.00%1.98%273--
$83.50Aug 21$0.820.420.4%0.99%1.37%4195.9K
$84.00Aug 28$0.770.371.0%0.93%1.91%2.2K4.5K
$83.50Aug 14$0.670.410.4%0.81%1.19%710375
$84.50Sep 4$0.650.311.6%0.78%2.37%155--
$84.00Aug 21$0.620.351.0%0.75%1.73%11.8K24.1K
$84.50Aug 28$0.590.311.6%0.71%2.30%5.3K4.3K
$83.50Aug 7$0.520.400.4%0.63%1.01%134443

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 164,274
Total Puts 217,798
Put/Call Ratio 1.33
Net Difference -53,524

Prior's Put/Call Breakdown

Total Calls 86,711
Total Puts 56,156
Put/Call Ratio 0.65
Net Difference 30,555

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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