TLT - Options Database

TLT

iShares 20+ Year Treasury Bond ETF

$83.55 +0.36%

(7/27 10:02) ◀

Monday, July 27, 2026 (11:00am)

▶ (7/27 12:00)

◀ 7/27 11:00 ▶

Option Volume

Detail

ℹ

Current (07/27 11:00am) 127,730

Calls: 89,709 (70%)

Puts: 38,021 (30%)

Prior (07/23) 206,337

Calls: 56,555 (27%)

Puts: 149,782 (73%)

Current vs Prior -38.10%

Calls: +58.62% (Calls)

Puts: -74.62% (Puts)

Prior 7-Day Total 2,167,230

Calls: 1,435,790 (66%)

Puts: 731,440 (34%)

Prior 7-Day Average 309,604

Calls: 205,112 (66%)

Puts: 104,491 (34%)

Current vs Prior 7-Day Avg -58.74%

Calls: -56.26%

Puts: -63.61%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (07/27 11:00am) $6.72M

Calls: $4.52M (67%)

Puts: $2.19M (33%)

Prior (07/23) $9.48M

Calls: $3.07M (32%)

Puts: $6.41M (68%)

Current vs Prior -29.17%

Calls: +47.30%

Puts: -65.80%

Prior 7-Day Total $251.70M

Calls: $206.81M (82%)

Puts: $44.89M (18%)

Prior 7-Day Average $35.96M

Calls: $29.54M (82%)

Puts: $6.41M (18%)

Current vs Prior 7-Day Avg -81.32%

Calls: -84.69%

Puts: -65.81%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (07/27 11:00am) 0.42

Prior (07/23) 2.65

Current vs Prior -84.00%

Prior 7-Day Average 0.55

Current vs Prior 7-Day Avg -22.87%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (07/27 11:00am) 1,886,989

Calls: 1,123,296 (60%)

Puts: 763,693 (40%)

Prior (07/23) 1,780,044

Calls: 1,119,020 (63%)

Puts: 661,024 (37%)

Current vs Prior +6.01%

Prior 7-Day Total 14,013,063

Calls: 8,613,997 (61%)

Puts: 5,399,066 (39%)

Prior 7-Day Average 2,001,866

Calls: 1,230,571 (61%)

Puts: 771,295 (39%)

Current vs Prior 7-Day Avg -5.74%

Sentiment BEARISH

Expected Move

Detail

ℹ

3DTEWKMO Expiry (07/27) | Next (07/29)Expiry (07/31) | Next (08/07)Expiry (08/21) | Next (09/18)

Current 0.68% | 1.05%1.33% | 1.86%2.42% | 3.79%

Prior 0.66% | 0.90%0.66% | 1.42%2.54% | 3.90%

Current vs Prior +3.65% | +17.35%+101.84% | +30.27%-4.71% | -2.75%

Prior 7-Day Avg 0.84% | 1.05%0.89% | 1.49%1.79% | 3.49%

Current vs 7-Day Avg -19.02% | +0.60%+49.76% | +24.58%+35.22% | +8.62%

Prior 7-Day Eod 0.66% | 0.90%1.44% | 1.95%2.53% | 3.95%

Current vs 7-Day Eod +3.65% | +17.35%-7.83% | -4.66%-4.61% | -4.00%

Sentiment BEARISHBEARISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 8.39% | 4.24%

Calls: 7.69% | 3.03%

Puts: 9.09% | 5.45%

Prior 11.37% | 7.00%

Calls: 9.09% | 4.00%

Puts: 13.64% | 10.00%

Current vs Prior -26.21% | -39.43%

Prior 7-Day Avg 10.19% | 10.97%

Calls: 10.50% | 8.16%

Puts: 9.87% | 13.78%

Current vs 7-Day Avg -17.63% | -61.35%

Liquidity Acceptable

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🤖 AI Insights

Moderately bullish flow with 67% call dollar volume ($4.52M). Extreme bullish P/C ratio of 0.42 - heavy call buying (89,709 calls vs 38,021 puts). P/C ratio dropping 84% - sentiment shifting bullish.

Smart Money BULLISH

Retail Flow BULLISH

Overall BULLISH

Dollar Volume

Option Volume

Put/Call Ratio

Open Interest

Expected Move

Current BULLISH

Prior BEARISH

7-Day Avg BULLISH

Current BULLISH

Prior BEARISH

7-Day Avg NEUTRAL

Current BULLISH

Prior BEARISH

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
11:00	BULLISH	BULLISH	BULLISH
10:00	BULLISH	BULLISH	BULLISH

📈 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 316 of results (avg 2.6%, best 0.6%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.50	Aug 21	1.45	1.46	$1.46	0.7%	--	0.70	253
$70.00	Jul 27	13.50	13.60	$13.55	0.7%	184	1.00	--
$82.50	Aug 14	1.33	1.34	$1.34	0.7%	--	0.73	893
$71.00	Jul 27	12.50	12.60	$12.55	0.8%	184	1.00	--
$72.00	Aug 3	11.55	11.65	$11.60	0.9%	--	1.00	47

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$100.00	Jul 27	16.40	16.50	$16.45	0.6%	56	1.00	--
$99.00	Jul 27	15.40	15.50	$15.45	0.6%	56	1.00	--
$98.00	Jul 27	14.40	14.50	$14.45	0.7%	5	1.00	--
$86.00	Aug 28	2.78	2.80	$2.79	0.7%	--	0.84	558
$97.00	Jul 27	13.40	13.50	$13.45	0.7%	5	1.00	--

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 144 found (avg $0.33, cheapest $0.06)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$85.00	Jul 31	0.05	0.06	$0.06	16.7%	589	0.10	18.6K
$85.00	Aug 3	0.05	0.06	$0.06	16.7%	154	0.10	1.5K
$85.50	Aug 5	0.05	0.06	$0.06	16.7%	53	0.08	144
$86.00	Aug 7	0.05	0.06	$0.06	16.7%	29	0.07	22.7K
$87.50	Aug 14	0.05	0.06	$0.06	16.7%	35	0.05	7.8K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$81.50	Aug 3	0.05	0.06	$0.06	16.7%	314	0.09	210
$79.00	Aug 21	0.05	0.06	$0.06	16.7%	1	0.05	11.6K
$83.50	Jul 27	0.06	0.07	$0.07	14.3%	3.8K	0.40	5.4K
$81.00	Aug 7	0.06	0.07	$0.07	14.3%	126	0.08	1.7K
$80.00	Aug 14	0.06	0.07	$0.07	14.3%	56	0.07	1.5K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 237 found (avg delta 0.91, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$70.00	Jul 27	13.50	13.60	$13.55	0.7%	184	1.00	--
$71.00	Jul 27	12.50	12.60	$12.55	0.8%	184	1.00	--
$72.00	Jul 27	11.50	11.60	$11.55	0.9%	170	1.00	2
$73.00	Jul 27	10.50	10.60	$10.55	0.9%	170	1.00	21
$74.00	Jul 27	9.50	9.60	$9.55	1.0%	172	1.00	20

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$87.50	Jul 31	3.90	4.00	$3.95	2.5%	--	1.00	10
$98.00	Jul 27	14.40	14.50	$14.45	0.7%	5	1.00	--
$99.00	Jul 27	15.40	15.50	$15.45	0.6%	56	1.00	--
$100.00	Jul 27	16.40	16.50	$16.45	0.6%	56	1.00	--
$94.00	Jul 27	10.40	10.50	$10.45	1.0%	31	1.00	--

Most actively traded options today. High liquidity = easy entry/exit. 321 active (total vol 127.6K, top 9.4K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$84.00	Jul 29	0.12	0.13	$0.13	7.7%	9.4K	0.28	7.3K
$85.00	Jul 29	0.02	0.03	$0.03	33.3%	7.2K	0.06	5.6K
$84.00	Jul 31	0.23	0.24	$0.24	4.2%	6.9K	0.34	35.5K
$89.50	Aug 21	0.04	0.05	$0.05	20.0%	5.7K	0.04	59
$87.00	Aug 5	0.02	0.03	$0.03	33.3%	5.0K	0.03	492

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$83.00	Jul 31	0.18	0.19	$0.19	5.3%	6.6K	0.29	12.9K
$83.50	Jul 27	0.06	0.07	$0.07	14.3%	3.8K	0.40	5.4K
$84.00	Jul 31	0.63	0.64	$0.64	1.6%	3.5K	0.66	14.5K
$80.50	Jul 31	0.01	0.02	$0.02	50.0%	2.7K	0.03	2.3K
$84.00	Jul 29	0.53	0.56	$0.55	5.5%	2.6K	0.72	1.3K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 74 strikes (avg 427.7%, max 1006.0%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$74.00	Jul 27	Aug 21	189.7%	17.2%	1006.0%	474	20
$73.00	Jul 27	Aug 21	208.8%	18.9%	1002.9%	236	26
$72.00	Jul 27	Aug 21	227.9%	20.7%	1000.3%	170	49
$71.00	Jul 27	Aug 21	247.2%	22.5%	998.1%	184	99
$70.00	Jul 27	Aug 21	266.7%	24.3%	996.3%	184	182

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$96.00	Jul 27	Aug 21	210.9%	22.8%	826.5%	52	136
$95.00	Jul 27	Aug 21	196.7%	21.3%	825.0%	52	138
$94.00	Jul 27	Aug 21	182.2%	19.7%	823.5%	31	212
$93.00	Jul 27	Aug 21	167.4%	19.5%	757.5%	62	139
$90.00	Jul 27	Aug 28	121.1%	14.2%	755.0%	21	10

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 79 found (best R:R 7.33, avg 1.76)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$84.50	$85.00	Aug 14	$0.11	$0.39	$0.11	3.55	$84.61
$85.00	$85.50	Aug 28	$0.11	$0.39	$0.11	3.55	$85.11
$84.00	$85.00	Aug 10	$0.23	$0.77	$0.23	3.35	$84.23
$83.50	$84.00	Jul 27	$0.12	$0.38	$0.12	3.17	$83.62
$84.00	$84.50	Jul 31	$0.13	$0.37	$0.13	2.85	$84.13

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$82.00	$81.00	Aug 10	$0.12	$0.88	$0.12	7.33	$81.88
$83.00	$82.50	Jul 31	$0.10	$0.40	$0.10	4.00	$82.90
$82.50	$82.00	Aug 5	$0.10	$0.40	$0.10	4.00	$82.40
$82.00	$81.50	Aug 21	$0.10	$0.40	$0.10	4.00	$81.90
$82.50	$82.00	Aug 7	$0.11	$0.39	$0.11	3.55	$82.39

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 99 found (best R:R 4.00, avg 1.30)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$82.50	$83.00	Aug 5	$0.39	$0.39	$0.11	3.55	$82.89
$81.50	$82.00	Aug 28	$0.39	$0.39	$0.11	3.55	$81.89
$82.50	$83.00	Aug 7	$0.38	$0.38	$0.12	3.17	$82.88
$82.00	$82.50	Aug 21	$0.37	$0.37	$0.13	2.85	$82.37
$82.00	$82.50	Aug 28	$0.36	$0.36	$0.14	2.57	$82.36

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$85.00	$84.00	Aug 10	$0.80	$0.80	$0.20	4.00	$84.20
$85.50	$85.00	Aug 28	$0.40	$0.40	$0.10	4.00	$85.10
$86.00	$85.00	Sep 4	$0.79	$0.79	$0.21	3.76	$85.21
$84.50	$84.00	Aug 3	$0.39	$0.39	$0.11	3.55	$84.11
$84.50	$84.00	Aug 5	$0.39	$0.39	$0.11	3.55	$84.11

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 24 found (avg debit $0.17, cheapest $0.05)

CALLS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$80.00	Jul 27	Jul 29	$0.05	76.2%	23.9%
$80.50	Jul 27	Jul 29	$0.05	66.6%	20.8%
$82.50	Jul 27	Jul 29	$0.05	26.5%	12.3%
$70.00	Jul 27	Jul 31	$0.08	266.7%	60.7%
$75.00	Jul 27	Jul 31	$0.08	170.8%	38.9%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$83.00	Jul 27	Jul 29	$0.09	15.6%	11.2%
$84.00	Jul 27	Jul 29	$0.11	12.8%	11.4%
$83.50	Jul 27	Jul 29	$0.19	11.2%	10.8%
$95.00	Jul 27	Aug 7	$0.23	196.7%	28.1%
$87.00	Jul 27	Aug 3	$0.25	71.0%	15.3%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 207 found (cheapest 0.24% of stock, avg 4.58%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$83.50	Jul 27	$0.13	$0.07	$0.20	$83.30	$83.70	0.24%
$84.00	Jul 27	$0.01	$0.44	$0.45	$83.55	$84.45	0.54%
$83.00	Jul 27	$0.57	$0.01	$0.58	$82.42	$83.58	0.69%
$83.50	Jul 29	$0.33	$0.26	$0.59	$82.91	$84.09	0.71%
$84.00	Jul 29	$0.13	$0.55	$0.68	$83.32	$84.68	0.81%
$83.00	Jul 29	$0.68	$0.10	$0.78	$82.22	$83.78	0.93%
$83.50	Jul 31	$0.47	$0.36	$0.83	$82.67	$84.33	0.99%
$84.00	Jul 31	$0.24	$0.64	$0.88	$83.12	$84.88	1.05%
$84.50	Jul 27	$0.01	$0.94	$0.95	$83.55	$85.45	1.14%
$83.00	Jul 31	$0.79	$0.19	$0.98	$82.02	$83.98	1.17%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 212 found (cheapest 0.08% of stock, avg 0.78%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$85.00	$82.50	Jul 29	$0.03	$0.04	$0.07	$82.43	$85.07
$85.50	$81.00	Aug 3	$0.04	$0.04	$0.08	$80.92	$85.58
$84.50	$82.50	Jul 29	$0.05	$0.04	$0.09	$82.41	$84.59
$85.50	$82.00	Jul 31	$0.04	$0.05	$0.09	$81.91	$85.59
$85.00	$81.00	Aug 3	$0.06	$0.04	$0.10	$80.90	$85.10
$85.50	$81.50	Aug 3	$0.04	$0.06	$0.10	$81.40	$85.60
$85.00	$82.00	Jul 31	$0.06	$0.05	$0.11	$81.89	$85.11
$85.50	$81.00	Aug 5	$0.06	$0.05	$0.11	$80.89	$85.61
$85.00	$81.50	Aug 3	$0.06	$0.06	$0.12	$81.38	$85.12
$86.00	$80.00	Aug 10	$0.07	$0.05	$0.12	$79.88	$86.12

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 28 found (best R:R 3.55, avg credit $0.34)

Put Spread	Call Spread	Expiry	Credit	Max Loss	R:R	BE Low	BE High
82/83	84/84	Aug 28	$0.39	$0.11	3.55	$82.61	$84.39
81/82	83/84	Sep 4	$0.39	$0.11	3.55	$81.11	$83.39
82/82	84/84	Sep 4	$0.39	$0.11	3.55	$82.11	$83.89
82/82	84/84	Aug 28	$0.38	$0.12	3.17	$82.12	$83.88
83/84	85/86	Sep 4	$0.38	$0.12	3.17	$83.12	$85.38
82/83	84/84	Aug 5	$0.37	$0.13	2.85	$82.63	$83.87
83/84	84/84	Aug 5	$0.37	$0.13	2.85	$83.13	$84.37
82/82	84/84	Sep 4	$0.37	$0.13	2.85	$81.63	$83.87
82/83	84/85	Sep 4	$0.37	$0.13	2.85	$82.63	$84.87
82/82	84/84	Aug 28	$0.36	$0.14	2.57	$81.64	$83.86

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 78 found (best R:R 10.11, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$81.50	$82.00	$82.50	Jul 31	$0.05	$0.45	9.00
$83.50	$84.00	$84.50	Aug 14	$0.05	$0.45	9.00
$82.50	$83.00	$83.50	Aug 21	$0.05	$0.45	9.00
$83.00	$83.50	$84.00	Aug 21	$0.05	$0.45	9.00
$83.50	$84.00	$84.50	Aug 21	$0.05	$0.45	9.00

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$80.00	$81.00	$82.00	Aug 10	$0.09	$0.91	10.11
$84.00	$84.50	$85.00	Aug 14	$0.05	$0.45	9.00
$82.50	$83.00	$83.50	Aug 21	$0.05	$0.45	9.00
$83.00	$83.50	$84.00	Aug 21	$0.05	$0.45	9.00
$83.50	$84.00	$84.50	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. 136 found (best net $--, 122 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$96.00	$100.00	1:2	Aug 14	-$0.01	$3.99
$96.00	$100.00	1:2	Aug 28	-$0.02	$3.98
$97.00	$100.00	1:2	Jul 31	-$0.01	$2.99
$97.00	$100.00	1:2	Aug 7	-$0.01	$2.99
$93.00	$95.00	1:2	Aug 28	-$0.03	$1.97

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$75.00	$70.00	1:2	Aug 28	$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 14	-$0.01	$4.99
$77.00	$75.00	1:2	Jul 31	-$0.01	$1.99

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 50 found (best yield 0.99%, avg 0.28%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$84.00	Sep 4	$0.83	0.40	0.5%	0.99%	1.53%	9	315
$84.00	Aug 28	$0.76	0.40	0.5%	0.91%	1.45%	2.6K	7.5K
$84.50	Sep 4	$0.63	0.33	1.1%	0.75%	1.89%	--	156
$84.00	Aug 21	$0.61	0.39	0.5%	0.73%	1.27%	261	31.9K
$84.50	Aug 28	$0.57	0.33	1.1%	0.68%	1.82%	1.4K	8.6K
$84.00	Aug 14	$0.48	0.37	0.5%	0.57%	1.11%	65	1.4K
$85.00	Sep 4	$0.47	0.27	1.7%	0.56%	2.30%	102	245
$84.50	Aug 21	$0.43	0.30	1.1%	0.51%	1.65%	124	1.5K
$85.00	Aug 28	$0.41	0.27	1.7%	0.49%	2.23%	83	836
$84.00	Aug 10	$0.36	0.34	0.5%	0.43%	0.97%	989	--

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 89,709

Total Puts 38,021

Put/Call Ratio 0.42

Net Difference 51,688

Prior's Put/Call Breakdown

Total Calls 56,555

Total Puts 149,782

Put/Call Ratio 2.65

Net Difference -93,227

Prior 7-Day Put/Call Summary

Total Calls 1,435,790

Total Puts 731,440

Average Put/Call Ratio 0.55

Ratio Trend Falling

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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📈 Options Analysis

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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