TLT - Options Database

TLT

iShares 20+ Year Treasury Bond ETF

$81.02 +0.38%

(9/15 19:16) ◀

Wednesday, September 16, 2026 (10:00am)

▶ (9/16 11:01)

◀ 9/16 10:00 ▶

Option Volume

Detail

ℹ

Current (09/16 10:00am) 120,749

Calls: 96,794 (80%)

Puts: 23,955 (20%)

Prior (09/15) 48,252

Calls: 23,337 (48%)

Puts: 24,915 (52%)

Current vs Prior +150.25%

Calls: +314.77% (Calls)

Puts: -3.85% (Puts)

Prior 7-Day Total 3,936,976

Calls: 2,340,373 (59%)

Puts: 1,596,603 (41%)

Prior 7-Day Average 562,425

Calls: 334,339 (59%)

Puts: 228,086 (41%)

Current vs Prior 7-Day Avg -78.53%

Calls: -71.05%

Puts: -89.50%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (09/16 10:00am) $13.35M

Calls: $12.49M (94%)

Puts: $853.7K (6%)

Prior (09/15) $2.26M

Calls: $1.07M (47%)

Puts: $1.19M (53%)

Current vs Prior +490.29%

Calls: +1069.01%

Puts: -28.41%

Prior 7-Day Total $277.50M

Calls: $122.49M (44%)

Puts: $155.02M (56%)

Prior 7-Day Average $39.64M

Calls: $17.50M (44%)

Puts: $22.15M (56%)

Current vs Prior 7-Day Avg -66.33%

Calls: -28.60%

Puts: -96.14%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (09/16 10:00am) 0.25

Prior (09/15) 1.07

Current vs Prior -76.82%

Prior 7-Day Average 0.66

Current vs Prior 7-Day Avg -62.35%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (09/16 10:00am) 4,218,800

Calls: 2,620,787 (62%)

Puts: 1,598,013 (38%)

Prior (09/15) 4,008,132

Calls: 2,463,288 (61%)

Puts: 1,544,844 (39%)

Current vs Prior +5.26%

Prior 7-Day Total 27,126,504

Calls: 16,418,320 (61%)

Puts: 10,708,184 (39%)

Prior 7-Day Average 3,875,214

Calls: 2,345,474 (61%)

Puts: 1,529,740 (39%)

Current vs Prior 7-Day Avg +8.87%

Sentiment BEARISH

Expected Move

Detail

ℹ

3DTEWKMO Expiry (09/16) | Next (09/18)Expiry (09/18) | Next (09/25)Expiry (09/16) | Next (10/16)

Current 1.02% | 1.47%1.47% | 2.06%1.02% | 3.62%

Prior 1.26% | 1.59%1.59% | 2.16%1.26% | 3.66%

Current vs Prior -18.72% | -7.85%-7.85% | -4.68%-18.72% | -1.12%

Prior 7-Day Avg 1.06% | 1.47%1.06% | 1.74%1.84% | 3.60%

Current vs 7-Day Avg -3.39% | +0.11%+38.06% | +18.64%-44.37% | +0.44%

Prior 7-Day Eod 1.26% | 1.59%1.62% | 2.22%1.18% | 3.77%

Current vs 7-Day Eod -18.72% | -7.85%-9.51% | -7.06%-12.97% | -3.99%

Sentiment BULLISHBULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 4.53% | 1.75%

Calls: 3.70% | 2.08%

Puts: 5.36% | 1.41%

Prior 2.06% | 2.58%

Calls: 1.61% | 1.30%

Puts: 2.50% | 3.85%

Current vs Prior +119.90% | -32.17%

Prior 7-Day Avg 2.98% | 2.63%

Calls: 2.99% | 2.74%

Puts: 2.97% | 2.52%

Current vs 7-Day Avg +51.87% | -33.50%

Liquidity Good

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🤖 AI Insights

Strong bullish conviction with 94% of dollar volume in calls ($12.49M) vs puts ($853.7K). Massive premium surge with dollar volume up 490% vs prior. Unusually high activity with volume up 150% vs prior - elevated interest. Extreme bullish P/C ratio of 0.25 - heavy call buying (96,794 calls vs 23,955 puts).

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 BEARISH

Current BULLISH

Prior NEUTRAL

7-Day Avg NEUTRAL

Current BULLISH

Prior NEUTRAL

7-Day Avg NEUTRAL

Current BULLISH

Prior BULLISH

7-Day Avg NEUTRAL

Current BEARISH

Prior BULLISH

7-Day Avg BULLISH

Sentiment Timeline (Today)

Time	Smart Money	Retail	Overall
16:00	BULLISH	BULLISH	BULLISH
15:00	BULLISH	BULLISH	BULLISH
14:00	BULLISH	BULLISH	BULLISH
13:00	BULLISH	BULLISH	BULLISH
12:00	BULLISH	BULLISH	BULLISH
11:00	BULLISH	NEUTRAL	MIXED
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 353 of results (avg 2.8%, best 0.4%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$79.50	Oct 23	2.27	2.28	$2.28	0.4%	51	0.69	230
$80.00	Oct 30	2.09	2.10	$2.09	0.5%	80	0.61	1.9K
$80.00	Oct 16	1.79	1.80	$1.80	0.6%	187	0.63	8.3K
$80.50	Oct 23	1.61	1.62	$1.62	0.6%	96	0.55	580
$81.00	Oct 30	1.49	1.50	$1.50	0.7%	419	0.48	1.7K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.50	Oct 23	2.14	2.16	$2.15	0.9%	15	0.68	974
$97.00	Oct 16	16.00	16.15	$16.08	0.9%	--	0.99	121
$81.00	Oct 9	1.04	1.05	$1.05	1.0%	43	0.53	1.1K
$96.00	Oct 16	15.00	15.15	$15.08	1.0%	--	0.99	86
$90.00	Oct 16	9.05	9.15	$9.10	1.1%	--	0.97	1.7K

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 174 found (avg $0.33, cheapest $0.09)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$81.50	Sep 16	0.08	0.09	$0.09	11.1%	3.0K	0.23	7.6K
$81.00	Sep 16	0.26	0.27	$0.27	3.7%	1.8K	0.52	10.8K
$82.50	Sep 18	0.07	0.08	$0.08	12.5%	644	0.12	26.6K
$82.00	Sep 18	0.13	0.14	$0.14	7.1%	9.3K	0.21	109.4K
$83.00	Sep 21	0.06	0.07	$0.07	14.3%	12	0.10	1.9K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$80.50	Sep 16	0.08	0.09	$0.09	11.1%	3.8K	0.22	9.2K
$81.00	Sep 16	0.23	0.24	$0.24	4.2%	1.5K	0.48	6.4K
$79.50	Sep 18	0.06	0.07	$0.07	14.3%	70	0.11	5.6K
$80.00	Sep 18	0.12	0.13	$0.13	7.7%	528	0.19	65.8K
$79.50	Sep 21	0.08	0.09	$0.09	11.1%	3	0.13	229

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 234 found (avg delta 0.86, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$65.00	Oct 2	16.10	16.25	$16.18	0.9%	--	1.00	108
$70.00	Oct 2	11.10	11.25	$11.18	1.3%	--	1.00	123
$65.00	Oct 9	16.10	16.25	$16.18	0.9%	--	1.00	48
$76.00	Oct 9	5.15	5.30	$5.23	2.9%	68	1.00	157
$65.00	Oct 16	16.10	16.25	$16.18	0.9%	--	1.00	35

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.50	Sep 16	1.44	1.52	$1.48	5.4%	--	1.00	34
$83.00	Sep 16	1.93	2.03	$1.98	5.1%	7	1.00	54
$84.50	Sep 16	3.40	3.55	$3.47	4.3%	7	1.00	--
$85.00	Sep 16	3.90	4.05	$3.97	3.8%	7	1.00	--
$84.00	Sep 18	2.95	3.05	$3.00	3.3%	--	1.00	5.7K

Most actively traded options today. High liquidity = easy entry/exit. 279 active (total vol 120.7K, top 10.0K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$87.00	Oct 16	0.06	0.07	$0.07	14.3%	10.0K	0.05	59.5K
$82.00	Sep 18	0.13	0.14	$0.14	7.1%	9.3K	0.21	109.4K
$75.00	Sep 30	6.15	6.25	$6.20	1.6%	8.6K	0.99	520
$76.00	Sep 30	5.15	5.25	$5.20	1.9%	8.6K	0.98	503
$82.00	Sep 16	0.02	0.03	$0.03	33.3%	6.1K	0.08	4.3K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$80.00	Sep 16	0.02	0.03	$0.03	33.3%	5.7K	0.08	6.7K
$80.50	Sep 16	0.08	0.09	$0.09	11.1%	3.8K	0.22	9.2K
$81.00	Sep 16	0.23	0.24	$0.24	4.2%	1.5K	0.48	6.4K
$80.50	Sep 18	0.23	0.24	$0.24	4.2%	1.3K	0.32	13.8K
$81.00	Sep 18	0.41	0.42	$0.42	2.4%	1.2K	0.48	78.1K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 6 strikes (avg 154.4%, max 183.9%)

CALLS (3)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$80.50	Sep 16	Oct 23	31.5%	11.1%	183.9%	333	1.6K
$81.00	Sep 16	Oct 30	28.8%	10.9%	164.9%	2.3K	12.5K
$81.50	Sep 16	Oct 23	29.4%	13.7%	114.3%	3.5K	10.5K

PUTS (3)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$80.50	Sep 16	Oct 23	31.5%	11.1%	183.9%	3.8K	9.7K
$81.00	Sep 16	Oct 30	28.8%	10.9%	164.9%	1.5K	9.5K
$81.50	Sep 16	Oct 23	29.4%	13.7%	114.3%	43	2.9K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 103 found (best R:R 1.38, avg 2.55)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$82.00	$82.50	Sep 28	$0.12	$0.38	$0.12	32%	3.17	$82.12
$81.50	$82.00	Sep 21	$0.13	$0.37	$0.13	36%	2.85	$81.63
$81.50	$82.00	Sep 23	$0.15	$0.35	$0.15	39%	2.33	$81.65
$81.50	$82.00	Sep 28	$0.17	$0.33	$0.17	41%	1.94	$81.67
$82.00	$82.50	Sep 25	$0.12	$0.38	$0.12	31%	3.17	$82.12

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$81.00	$80.00	Oct 30	$0.42	$0.58	$0.42	52%	1.38	$80.58
$80.50	$80.00	Oct 23	$0.18	$0.32	$0.18	45%	1.78	$80.32
$81.00	$80.00	Oct 16	$0.42	$0.58	$0.42	53%	1.38	$80.58
$79.00	$78.00	Oct 30	$0.20	$0.80	$0.20	29%	4.00	$78.80
$80.00	$79.00	Oct 30	$0.30	$0.70	$0.30	40%	2.33	$79.70

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 63 found (best R:R 0.02, avg 0.42)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$82.00	$83.00	Oct 16	$0.30	$0.30	$0.70	64%	0.43	$82.30
$81.50	$82.00	Oct 9	$0.20	$0.20	$0.30	59%	0.67	$81.70
$83.00	$83.50	Oct 9	$0.10	$0.10	$0.40	78%	0.25	$83.10
$83.00	$84.00	Oct 16	$0.19	$0.19	$0.81	75%	0.23	$83.19
$82.00	$83.00	Sep 30	$0.24	$0.24	$0.76	66%	0.32	$82.24

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$75.00	$70.00	Oct 30	$0.10	$0.10	$4.90	93%	0.02	$74.90
$80.00	$79.00	Sep 30	$0.19	$0.19	$0.81	71%	0.23	$79.81
$80.50	$80.00	Sep 25	$0.15	$0.15	$0.35	63%	0.43	$80.35
$81.00	$80.50	Sep 16	$0.15	$0.15	$0.35	52%	0.43	$80.85
$80.50	$80.00	Sep 18	$0.11	$0.11	$0.39	68%	0.28	$80.39

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $0.20, cheapest $0.18)

CALLS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$81.00	Sep 16	Sep 18	$0.21	28.8%	17.1%

PUTS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$81.00	Sep 16	Sep 18	$0.18	28.8%	17.1%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 192 found (cheapest 0.63% of stock, avg 4.28%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$81.00	Sep 16	$0.27	$0.24	$0.51	$80.49	$81.51	0.63%
$81.50	Sep 16	$0.09	$0.56	$0.65	$80.85	$82.15	0.80%
$80.50	Sep 16	$0.61	$0.09	$0.70	$79.80	$81.20	0.86%
$81.00	Sep 18	$0.48	$0.42	$0.90	$80.10	$81.90	1.11%
$81.50	Sep 18	$0.27	$0.71	$0.98	$80.52	$82.48	1.21%
$82.00	Sep 16	$0.03	$1.00	$1.03	$80.97	$83.03	1.27%
$81.00	Sep 21	$0.55	$0.48	$1.03	$79.97	$82.03	1.27%
$80.50	Sep 18	$0.80	$0.24	$1.04	$79.46	$81.54	1.28%
$80.00	Sep 16	$1.05	$0.03	$1.08	$78.92	$81.08	1.33%
$81.50	Sep 21	$0.33	$0.76	$1.09	$80.41	$82.59	1.35%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 267 found (cheapest 0.07% of stock, avg 1.01%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$82.00	$80.00	Sep 16	$0.03	$0.03	$0.06	$79.94	$82.06
$83.00	$79.00	Sep 18	$0.04	$0.04	$0.08	$78.92	$83.08
$83.50	$79.00	Sep 21	$0.04	$0.06	$0.10	$78.90	$83.60
$83.00	$79.50	Sep 18	$0.04	$0.07	$0.11	$79.39	$83.11
$82.50	$79.00	Sep 18	$0.08	$0.04	$0.12	$78.88	$82.62
$83.00	$79.00	Sep 21	$0.07	$0.06	$0.13	$78.87	$83.13
$83.50	$79.50	Sep 21	$0.04	$0.09	$0.13	$79.37	$83.63
$82.00	$80.50	Sep 16	$0.03	$0.09	$0.12	$80.38	$82.12
$81.50	$80.00	Sep 16	$0.09	$0.03	$0.12	$79.88	$81.62
$82.50	$79.50	Sep 18	$0.08	$0.07	$0.15	$79.35	$82.65

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 24 found (best R:R 1.38, avg credit $0.29)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
79/80	82/83	Oct 23	$0.29	$0.21	35%	1.38	$79.21	$82.79
79/80	83/84	Oct 9	$0.22	$0.28	49%	0.79	$79.28	$83.22
79/80	83/84	Oct 23	$0.26	$0.24	40%	1.08	$79.24	$83.26
79/80	82/83	Oct 9	$0.24	$0.26	43%	0.92	$79.26	$82.74
80/80	82/83	Oct 2	$0.25	$0.25	40%	1.00	$79.75	$82.75
79/80	82/82	Oct 9	$0.27	$0.23	37%	1.17	$79.23	$82.27
78/79	82/83	Oct 23	$0.25	$0.25	41%	1.00	$78.75	$82.75
78/79	83/84	Oct 23	$0.22	$0.28	46%	0.79	$78.78	$83.22
80/80	82/82	Oct 2	$0.28	$0.22	33%	1.27	$79.72	$82.28
80/80	82/82	Sep 25	$0.22	$0.28	43%	0.79	$79.78	$82.22

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 95 found (best R:R 61.50, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$79.00	$80.00	$81.00	Oct 16	$0.12	$0.88	29%	7.33
$78.00	$79.00	$80.00	Sep 30	$0.08	$0.92	21%	11.50
$79.00	$80.00	$81.00	Sep 30	$0.16	$0.84	33%	5.25
$77.00	$78.00	$79.00	Oct 16	$0.07	$0.93	18%	13.29
$80.50	$81.00	$81.50	Sep 16	$0.16	$0.34	55%	2.13

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$65.00	$70.00	$75.00	Oct 30	$0.08	$4.92	6%	61.50
$80.00	$80.50	$81.00	Sep 16	$0.09	$0.41	40%	4.56
$79.00	$80.00	$81.00	Sep 30	$0.17	$0.83	33%	4.88
$77.00	$78.00	$79.00	Oct 30	$0.06	$0.94	15%	15.67
$78.00	$79.00	$80.00	Oct 16	$0.10	$0.90	21%	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. 178 found (best net $-1.22, 167 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$70.00	$75.00	1:2	Sep 30	-$1.22	$3.78
$70.00	$75.00	1:2	Oct 30	-$1.42	$3.58
$76.00	$78.50	1:2	Sep 23	-$0.19	$2.31
$77.00	$79.00	1:2	Sep 16	-$0.05	$1.95
$76.00	$78.00	1:2	Sep 21	-$1.12	$0.88

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$84.50	$83.00	1:2	Sep 16	-$0.49	$1.01
$83.00	$82.00	1:2	Sep 21	-$0.25	$0.75
$83.00	$82.00	1:2	Sep 23	-$0.35	$0.65
$82.00	$81.00	1:2	Sep 30	-$0.14	$0.86
$83.00	$82.00	1:2	Sep 28	-$0.45	$0.55

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 71 found (best yield 1.26%, avg 0.36%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$82.00	Oct 30	$1.02	0.39	1.2%	1.26%	2.47%	36	1.5K
$81.50	Oct 23	$1.08	0.43	0.6%	1.33%	1.93%	494	2.8K
$83.00	Oct 30	$0.68	0.29	2.4%	0.84%	3.28%	197	2.1K
$82.00	Oct 23	$0.87	0.37	1.2%	1.07%	2.28%	3	1.6K
$82.50	Oct 23	$0.70	0.32	1.8%	0.86%	2.69%	912	1.3K
$82.00	Oct 16	$0.75	0.36	1.2%	0.93%	2.14%	3.2K	44.1K
$83.00	Oct 23	$0.55	0.27	2.4%	0.68%	3.12%	21	1.1K
$84.00	Oct 30	$0.44	0.21	3.7%	0.54%	4.22%	25	3.7K
$81.50	Oct 9	$0.80	0.41	0.6%	0.99%	1.58%	103	8.2K
$83.50	Oct 23	$0.43	0.22	3.1%	0.53%	3.59%	--	330

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 96,794

Total Puts 23,955

Put/Call Ratio 0.25

Net Difference 72,839

Prior's Put/Call Breakdown

Total Calls 23,337

Total Puts 24,915

Put/Call Ratio 1.07

Net Difference -1,578

Prior 7-Day Put/Call Summary

Total Calls 2,340,373

Total Puts 1,596,603

Average Put/Call Ratio 0.66

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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