Tour v435
TLT
iShares 20+ Year Treasury Bond ETF
$83.96 +0.25%
(7/27 19:11) ◀
|
Tuesday, July 28, 2026 (10:00am)
January 2026
|
▶ (7/28 11:00)
◀ 7/28 10:00 ▶

Option Volume

Detail
ℹ
Current (07/28 10:00am) 31,885
Calls: 21,956 (69%)
Puts: 9,929 (31%)
Prior (07/27) 75,637
Calls: 59,683 (79%)
Puts: 15,954 (21%)
Current vs Prior -57.84%
Calls: -63.21% (Calls)
Puts: -37.76% (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 -89.70%
Calls: -89.30%
Puts: -90.50%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (07/28 10:00am) $1.55M
Calls: $1.27M (82%)
Puts: $280.7K (18%)
Prior (07/27) $2.75M
Calls: $2.01M (73%)
Puts: $740.2K (27%)
Current vs Prior -43.48%
Calls: -36.62%
Puts: -62.08%
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 -95.68%
Calls: -95.69%
Puts: -95.62%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/28 10:00am) 0.45
Prior (07/27) 0.27
Current vs Prior +69.17%
Prior 7-Day Average 0.55
Current vs Prior 7-Day Avg -17.70%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (07/28 10:00am) 1,976,544
Calls: 1,217,029 (62%)
Puts: 759,515 (38%)
Prior (07/27) 1,886,989
Calls: 1,123,296 (60%)
Puts: 763,693 (40%)
Current vs Prior +4.75%
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 -1.26%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (07/29) | Next (07/31)Expiry (07/31) | Next (08/07)Expiry (08/21) | Next (09/18)
Current 0.95% | 1.24%1.24% | 1.73%2.32% | 3.69%
Prior 0.66% | 0.90%0.66% | 1.42%2.54% | 3.90%
Current vs Prior +44.76% | +38.01%+88.20% | +21.27%-8.46% | -5.36%
Prior 7-Day Avg 0.84% | 1.05%0.89% | 1.49%1.79% | 3.49%
Current vs 7-Day Avg +13.11% | +18.31%+39.63% | +15.97%+29.89% | +5.71%
Prior 7-Day Eod 0.66% | 0.90%1.27% | 1.80%2.39% | 3.74%
Current vs 7-Day Eod +44.76% | +38.01%-2.13% | -4.22%-2.75% | -1.21%
Sentiment BEARISHBEARISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 4.72% | 4.98%
Calls: 5.45% | 4.41%
Puts: 4.00% | 5.56%
Prior 11.37% | 7.00%
Calls: 9.09% | 4.00%
Puts: 13.64% | 10.00%
Current vs Prior -58.49% | -28.86%
Prior 7-Day Avg 10.19% | 10.97%
Calls: 10.50% | 8.16%
Puts: 9.87% | 13.78%
Current vs 7-Day Avg -53.66% | -54.61%
Liquidity Acceptable
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🤖 AI Insights

Strong bullish conviction with 82% of dollar volume in calls ($1.27M) vs puts ($280.7K). Below-average activity with volume down 58% vs prior. Extreme bullish P/C ratio of 0.45 - heavy call buying (21,956 calls vs 9,929 puts). P/C ratio rising 69% - increased hedging/bearish positioning.

Smart Money BULLISH
Retail Flow BULLISH
Overall BULLISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BULLISH
7-Day Avg BULLISH
Current BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BULLISH
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
16:00BULLISHBULLISHBULLISH
15:00BULLISHBULLISHBULLISH
14:00BULLISHBULLISHBULLISH
13:00BULLISHBULLISHBULLISH
12:00BULLISHBULLISHBULLISH
11:00BULLISHBULLISHBULLISH
10:00BULLISHBULLISHBULLISH

📈 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 281 of results (avg 3.3%, best 0.7%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$70.00Jul 3113.9514.05$14.000.7%--1.0042
$83.00Aug 211.351.36$1.360.7%160.689.0K
$72.00Aug 311.9512.05$12.000.8%--1.0047
$73.00Aug 310.9511.05$11.000.9%--1.0061
$74.00Aug 39.9510.05$10.001.0%--1.0029
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$95.00Aug 711.2511.35$11.300.9%--0.9910
$93.50Aug 79.759.85$9.801.0%--0.9979
$93.00Aug 149.259.35$9.301.1%10.9941
$86.50Aug 282.852.89$2.871.4%--0.85133
$86.50Aug 142.832.87$2.851.4%--0.91407

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 142 found (avg $0.31, cheapest $0.06)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$84.50Jul 290.050.06$0.0616.7%960.1712.8K
$85.50Aug 50.050.06$0.0616.7%10.09987
$87.00Aug 120.050.06$0.0616.7%270.06--
$87.50Aug 140.050.06$0.0616.7%20.067.9K
$88.50Aug 210.050.06$0.0616.7%--0.05175
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$81.00Aug 100.050.06$0.0616.7%2280.07408
$79.00Aug 280.050.06$0.0616.7%--0.05620
$77.50Sep 40.050.06$0.0616.7%--0.04376
$81.50Aug 70.060.07$0.0714.3%--0.09868
$81.00Aug 120.060.07$0.0714.3%3140.08--

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 203 found (avg delta 0.90, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$70.00Jul 2913.9014.05$13.981.1%21.006
$71.00Jul 2912.9013.05$12.981.2%21.006
$72.00Jul 2911.9012.05$11.981.3%251.0051
$73.00Jul 2910.9011.05$10.981.4%291.0051
$74.00Jul 299.9010.05$9.981.5%261.00--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$87.50Jul 313.503.60$3.552.8%--1.0010
$95.00Aug 711.2511.35$11.300.9%--0.9910
$92.50Aug 78.758.90$8.821.7%--0.9911
$93.00Aug 79.259.40$9.321.6%--0.9949
$93.50Aug 79.759.85$9.801.0%--0.9979

Most actively traded options today. High liquidity = easy entry/exit. 211 active (total vol 31.9K, top 4.1K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$85.00Jul 290.020.03$0.0333.3%4.1K0.0813.8K
$84.00Jul 290.200.22$0.219.5%2.8K0.478.9K
$84.00Aug 280.910.93$0.922.2%2.5K0.467.5K
$87.00Aug 280.130.14$0.147.1%1.5K0.114.9K
$84.00Jul 310.350.36$0.362.8%1.4K0.4950.5K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$84.00Jul 310.350.37$0.365.6%3.6K0.5113.9K
$80.00Aug 120.040.05$0.0520.0%1.4K0.05--
$82.50Jul 310.030.04$0.0425.0%5450.0814.6K
$81.00Aug 70.040.05$0.0520.0%3340.061.8K
$81.00Aug 120.060.07$0.0714.3%3140.08--

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 73 strikes (avg 135.7%, max 351.9%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$75.00Jul 29Aug 2173.8%16.3%351.9%22113
$74.00Jul 29Aug 2181.6%18.1%350.5%32231
$73.00Jul 29Aug 2189.5%19.9%349.4%2968
$72.00Jul 29Aug 2197.5%21.7%348.4%2598
$71.00Jul 29Aug 21105.5%23.6%347.6%2105
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$79.00Jul 29Sep 442.5%11.5%270.7%15429
$80.00Jul 29Sep 434.7%10.5%230.4%11.9K
$70.00Jul 31Aug 2870.7%22.4%215.7%--645
$80.50Jul 29Sep 430.7%10.1%204.9%314.6K
$75.00Jul 31Aug 2845.9%16.4%180.2%--163

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 71 found (best R:R 4.00, avg 1.67)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$84.50$85.00Jul 31$0.10$0.40$0.104.00$84.60
$85.50$86.00Aug 28$0.11$0.39$0.113.55$85.61
$85.50$86.00Sep 4$0.11$0.39$0.113.55$85.61
$84.50$85.00Aug 7$0.12$0.38$0.123.17$84.62
$84.50$85.00Aug 10$0.12$0.38$0.123.17$84.62
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$82.50$82.00Aug 21$0.10$0.40$0.104.00$82.40
$83.00$82.50Aug 7$0.11$0.39$0.113.55$82.89
$83.00$82.50Aug 10$0.11$0.39$0.113.55$82.89
$82.00$81.50Sep 4$0.11$0.39$0.113.55$81.89
$82.50$82.00Aug 28$0.12$0.38$0.123.17$82.38

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 93 found (best R:R 10.54, avg 1.49)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$81.50$83.00Aug 10$1.37$1.37$0.1310.54$82.87
$82.50$83.00Aug 14$0.40$0.40$0.104.00$82.90
$83.00$83.50Aug 5$0.39$0.39$0.113.55$83.39
$83.00$83.50Aug 7$0.38$0.38$0.123.17$83.38
$82.00$82.50Aug 28$0.38$0.38$0.123.17$82.38
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$87.50$86.00Sep 4$1.35$1.35$0.159.00$86.15
$85.00$84.50Aug 7$0.40$0.40$0.104.00$84.60
$85.50$85.00Aug 21$0.40$0.40$0.104.00$85.10
$85.50$85.00Aug 28$0.38$0.38$0.123.17$85.12
$86.00$85.00Sep 4$0.76$0.76$0.243.17$85.24

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 13 found (avg debit $0.16, cheapest $0.05)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$82.50Jul 29Jul 31$0.0714.4%13.0%
$83.00Jul 29Jul 31$0.0913.9%12.0%
$84.50Jul 29Jul 31$0.1111.9%11.5%
$83.50Jul 29Jul 31$0.1311.9%11.5%
$84.00Jul 29Jul 31$0.1511.7%11.7%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$83.00Jul 29Jul 31$0.0513.9%12.0%
$84.50Jul 29Jul 31$0.0811.9%11.5%
$83.50Jul 29Jul 31$0.1011.9%11.5%
$84.00Jul 29Jul 31$0.1111.7%11.7%
$86.00Jul 31Aug 3$0.2715.3%12.1%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 184 found (cheapest 0.55% of stock, avg 4.71%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$84.00Jul 29$0.21$0.25$0.46$83.54$84.460.55%
$83.50Jul 29$0.55$0.08$0.63$82.87$84.130.75%
$84.50Jul 29$0.06$0.59$0.65$83.85$85.150.77%
$84.00Jul 31$0.36$0.36$0.72$83.28$84.720.86%
$84.50Jul 31$0.17$0.67$0.84$83.66$85.341.00%
$83.50Jul 31$0.68$0.18$0.86$82.64$84.361.02%
$84.00Aug 3$0.36$0.57$0.93$83.07$84.931.11%
$83.50Aug 3$0.68$0.32$1.00$82.50$84.501.19%
$83.00Jul 29$1.00$0.03$1.03$81.97$84.031.23%
$84.00Aug 5$0.40$0.64$1.04$82.96$85.041.24%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 211 found (cheapest 0.07% of stock, avg 0.72%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$85.00$83.00Jul 29$0.03$0.03$0.06$82.94$85.06
$85.50$82.50Jul 31$0.04$0.04$0.08$82.42$85.58
$84.50$83.00Jul 29$0.06$0.03$0.09$82.91$84.59
$85.50$82.00Aug 3$0.04$0.05$0.09$81.91$85.59
$86.00$81.50Aug 5$0.05$0.05$0.10$81.40$86.10
$85.00$83.50Jul 29$0.03$0.08$0.11$83.39$85.11
$85.00$82.50Jul 31$0.07$0.04$0.11$82.39$85.11
$85.50$81.50Aug 5$0.06$0.05$0.11$81.39$85.61
$87.00$81.00Aug 10$0.05$0.06$0.11$80.89$87.11
$85.50$83.00Jul 31$0.04$0.08$0.12$82.88$85.62

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 26 found (best R:R 4.00, avg credit $0.33)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
82/8284/84Sep 4$0.40$0.104.00$82.10$83.90
84/8485/86Sep 4$0.40$0.104.00$83.60$85.40
82/8284/84Aug 28$0.39$0.113.55$82.11$83.89
83/8484/84Aug 10$0.37$0.132.85$83.13$84.37
84/8484/85Aug 10$0.37$0.132.85$83.63$84.87
82/8384/84Aug 28$0.37$0.132.85$82.63$84.37
82/8284/84Sep 4$0.37$0.132.85$81.63$83.87
82/8284/84Sep 4$0.37$0.132.85$82.13$84.37
82/8384/85Sep 4$0.37$0.132.85$82.63$84.87
83/8484/84Aug 5$0.36$0.142.57$83.14$84.36

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 72 found (best R:R 15.67, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$75.00$76.00$77.00Jul 29$0.06$0.9415.67
$85.00$86.00$87.00Aug 10$0.07$0.9313.29
$84.50$85.00$85.50Aug 3$0.05$0.459.00
$84.50$85.00$85.50Aug 5$0.05$0.459.00
$82.50$83.00$83.50Aug 7$0.05$0.459.00
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$80.00$81.00$82.00Aug 12$0.06$0.9415.67
$84.50$85.00$85.50Aug 7$0.05$0.459.00
$84.00$84.50$85.00Aug 14$0.05$0.459.00
$82.50$83.00$83.50Jul 31$0.06$0.447.33
$82.00$82.50$83.00Aug 3$0.06$0.447.33

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 126 found (best net $--, 117 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$76.00$80.001:2Aug 3$0.00$4.00
$96.00$100.001:2Aug 28$0.00$4.00
$96.00$100.001:2Aug 14-$0.01$3.99
$97.00$100.001:2Jul 31-$0.01$2.99
$97.00$100.001:2Aug 7-$0.01$2.99
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$75.00$70.001:2Aug 28$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 14-$0.01$4.99
$77.00$75.001:2Jul 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. 56 found (best yield 1.16%, avg 0.32%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$84.00Sep 4$0.970.450.1%1.16%1.20%2381
$84.00Aug 28$0.910.460.1%1.08%1.13%2.5K7.5K
$84.00Aug 21$0.750.460.1%0.89%0.94%40233.5K
$84.50Sep 4$0.740.380.6%0.88%1.52%--863
$84.50Aug 28$0.680.380.6%0.81%1.45%1.0K8.2K
$84.00Aug 14$0.610.450.1%0.73%0.77%54.0K
$85.00Sep 4$0.560.311.2%0.67%1.91%6382
$84.50Aug 21$0.530.360.6%0.63%1.27%731.5K
$85.00Aug 28$0.500.311.2%0.60%1.83%128949
$84.00Aug 10$0.480.440.1%0.57%0.62%26.0K

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 21,956
Total Puts 9,929
Put/Call Ratio 0.45
Net Difference 12,027

Prior's Put/Call Breakdown

Total Calls 59,683
Total Puts 15,954
Put/Call Ratio 0.27
Net Difference 43,729

Prior 7-Day Put/Call Summary

Total Calls 1,435,790
Total Puts 731,440
Average Put/Call Ratio 0.55
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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