TLT - Options Database

TLT

iShares 20+ Year Treasury Bond ETF

$81.19 +0.59%

(9/16 10:00) ◀

Wednesday, September 16, 2026 (11:00am)

▶ (9/16 11:04)

◀ 9/16 11:01 ▶

Option Volume

Detail

ℹ

Current (09/16 11:00am) 244,488

Calls: 175,972 (72%)

Puts: 68,516 (28%)

Prior (09/15) 153,225

Calls: 74,047 (48%)

Puts: 79,178 (52%)

Current vs Prior +59.56%

Calls: +137.65% (Calls)

Puts: -13.47% (Puts)

Prior 7-Day Total 4,084,408

Calls: 2,462,706 (60%)

Puts: 1,621,702 (40%)

Prior 7-Day Average 583,486

Calls: 351,815 (60%)

Puts: 231,671 (40%)

Current vs Prior 7-Day Avg -58.10%

Calls: -49.98%

Puts: -70.43%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (09/16 11:00am) $19.64M

Calls: $17.14M (87%)

Puts: $2.50M (13%)

Prior (09/15) $8.16M

Calls: $4.10M (50%)

Puts: $4.06M (50%)

Current vs Prior +140.77%

Calls: +318.19%

Puts: -38.43%

Prior 7-Day Total $301.41M

Calls: $153.73M (51%)

Puts: $147.68M (49%)

Prior 7-Day Average $43.06M

Calls: $21.96M (51%)

Puts: $21.10M (49%)

Current vs Prior 7-Day Avg -54.38%

Calls: -21.94%

Puts: -88.15%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (09/16 11:00am) 0.39

Prior (09/15) 1.07

Current vs Prior -63.59%

Prior 7-Day Average 0.63

Current vs Prior 7-Day Avg -38.49%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (09/16 11:00am) 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 27,363,185

Calls: 16,630,257 (61%)

Puts: 10,732,928 (39%)

Prior 7-Day Average 3,909,026

Calls: 2,375,751 (61%)

Puts: 1,533,275 (39%)

Current vs Prior 7-Day Avg +7.92%

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 0.97% | 1.38%1.38% | 1.97%0.97% | 3.50%

Prior 1.19% | 1.61%1.61% | 2.22%1.19% | 3.77%

Current vs Prior -18.19% | -14.36%-14.35% | -11.14%-18.19% | -7.13%

Prior 7-Day Avg 1.09% | 1.51%1.15% | 1.84%1.69% | 3.61%

Current vs 7-Day Avg -10.53% | -8.92%+19.83% | +7.30%-42.34% | -3.19%

Prior 7-Day Eod 1.19% | 1.61%1.62% | 2.22%1.18% | 3.77%

Current vs 7-Day Eod -18.19% | -14.36%-15.01% | -11.14%-17.34% | -7.13%

Sentiment BULLISHBULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 3.71% | 1.79%

Calls: 2.78% | 1.82%

Puts: 4.65% | 1.75%

Prior 3.12% | 5.42%

Calls: 2.08% | 4.48%

Puts: 4.17% | 6.35%

Current vs Prior +18.91% | -66.97%

Prior 7-Day Avg 2.78% | 3.13%

Calls: 2.81% | 3.05%

Puts: 2.74% | 3.19%

Current vs 7-Day Avg +33.52% | -42.73%

Liquidity Good

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🤖 AI Insights

Strong bullish conviction with 87% of dollar volume in calls ($17.14M) vs puts ($2.50M). Massive premium surge with dollar volume up 141% vs prior. Above-average activity with volume up 60% vs prior. Extreme bullish P/C ratio of 0.39 - heavy call buying (175,972 calls vs 68,516 puts).

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 NEUTRAL

7-Day Avg NEUTRAL

Current BULLISH

Prior NEUTRAL

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 364 of results (avg 3.1%, best 0.8%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$80.50	Sep 28	1.19	1.20	$1.19	0.8%	995	0.67	896
$79.50	Oct 23	2.35	2.37	$2.36	0.8%	51	0.71	230
$80.50	Sep 25	1.14	1.15	$1.15	0.9%	563	0.68	2.6K
$81.50	Oct 23	1.12	1.13	$1.13	0.9%	501	0.45	2.8K
$70.00	Sep 18	11.15	11.25	$11.20	0.9%	--	1.00	251

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$97.00	Oct 16	15.85	16.00	$15.93	0.9%	--	0.99	121
$97.00	Sep 16	15.75	15.90	$15.83	0.9%	43	1.00	--
$81.00	Oct 16	1.04	1.05	$1.05	1.0%	528	0.50	58.5K
$96.00	Oct 16	14.85	15.00	$14.93	1.0%	--	0.99	86
$96.00	Sep 16	14.75	14.90	$14.83	1.0%	43	1.00	--

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 170 found (avg $0.33, cheapest $0.11)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$81.50	Sep 16	0.10	0.11	$0.11	9.1%	17.4K	0.29	7.6K
$82.50	Sep 18	0.06	0.07	$0.07	14.3%	927	0.12	26.6K
$81.00	Sep 16	0.35	0.36	$0.36	2.8%	19.3K	0.62	10.8K
$82.00	Sep 18	0.14	0.15	$0.15	6.7%	12.3K	0.23	109.4K
$83.00	Sep 21	0.06	0.07	$0.07	14.3%	30	0.10	1.9K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$80.50	Sep 16	0.05	0.06	$0.06	16.7%	8.4K	0.15	9.2K
$81.00	Sep 16	0.16	0.17	$0.17	5.9%	2.4K	0.38	6.4K
$81.50	Sep 16	0.42	0.44	$0.43	4.7%	63	0.71	2.1K
$80.00	Sep 18	0.08	0.09	$0.09	11.1%	11.4K	0.14	65.8K
$80.50	Sep 18	0.16	0.17	$0.17	5.9%	5.6K	0.25	13.8K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 250 found (avg delta 0.87, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$65.00	Oct 2	16.25	16.40	$16.33	0.9%	--	1.00	108
$70.00	Oct 2	11.25	11.40	$11.33	1.3%	--	1.00	123
$77.00	Oct 2	4.30	4.40	$4.35	2.3%	--	1.00	72
$65.00	Oct 9	16.25	16.40	$16.33	0.9%	--	1.00	48
$76.00	Oct 9	5.30	5.40	$5.35	1.9%	68	1.00	157

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.50	Sep 16	1.30	1.38	$1.34	6.0%	30	1.00	34
$83.00	Sep 16	1.79	1.88	$1.84	4.9%	10	1.00	54
$84.50	Sep 16	3.25	3.40	$3.33	4.5%	24	1.00	--
$85.00	Sep 16	3.75	3.90	$3.83	3.9%	24	1.00	--
$86.00	Sep 16	4.80	4.90	$4.85	2.1%	5	1.00	--

Most actively traded options today. High liquidity = easy entry/exit. 347 active (total vol 242.2K, top 19.3K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$81.00	Sep 16	0.35	0.36	$0.36	2.8%	19.3K	0.62	10.8K
$81.50	Sep 16	0.10	0.11	$0.11	9.1%	17.4K	0.29	7.6K
$82.00	Sep 16	0.02	0.03	$0.03	33.3%	13.6K	0.09	4.3K
$82.00	Sep 18	0.14	0.15	$0.15	6.7%	12.3K	0.23	109.4K
$75.00	Sep 30	6.25	6.40	$6.33	2.4%	10.1K	0.99	520

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$80.00	Sep 18	0.08	0.09	$0.09	11.1%	11.4K	0.14	65.8K
$80.00	Sep 16	0.02	0.03	$0.03	33.3%	11.4K	0.07	6.7K
$80.50	Sep 16	0.05	0.06	$0.06	16.7%	8.4K	0.15	9.2K
$81.00	Sep 18	0.31	0.32	$0.32	3.1%	5.8K	0.42	78.1K
$80.50	Sep 18	0.16	0.17	$0.17	5.9%	5.6K	0.25	13.8K

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 174.9%, max 216.3%)

CALLS (3)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$80.50	Sep 16	Oct 23	34.4%	10.9%	216.3%	419	1.6K
$81.00	Sep 16	Oct 30	31.4%	10.7%	193.9%	19.7K	12.5K
$81.50	Sep 16	Oct 23	28.8%	13.4%	114.6%	17.9K	10.5K

PUTS (3)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$80.50	Sep 16	Oct 23	34.4%	10.9%	216.3%	8.4K	9.7K
$81.00	Sep 16	Oct 30	31.4%	10.7%	193.9%	2.4K	9.5K
$81.50	Sep 16	Oct 23	28.8%	13.4%	114.6%	75	2.9K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 96 found (best R:R 1.56, avg 1.99)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$83.00	$83.50	Oct 23	$0.11	$0.39	$0.11	28%	3.55	$83.11
$82.00	$82.50	Sep 28	$0.13	$0.37	$0.13	34%	2.85	$82.13
$81.50	$82.00	Sep 25	$0.18	$0.32	$0.18	44%	1.78	$81.68
$80.50	$81.00	Sep 21	$0.33	$0.17	$0.33	72%	0.52	$80.83
$80.50	$81.00	Sep 23	$0.32	$0.18	$0.32	70%	0.56	$80.82

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$81.00	$80.00	Oct 30	$0.39	$0.61	$0.39	50%	1.56	$80.61
$81.00	$80.00	Oct 16	$0.39	$0.61	$0.39	50%	1.56	$80.61
$79.50	$79.00	Oct 23	$0.11	$0.39	$0.11	31%	3.55	$79.39
$82.00	$81.00	Oct 16	$0.55	$0.45	$0.55	63%	0.82	$81.45
$80.00	$79.00	Oct 30	$0.28	$0.72	$0.28	37%	2.57	$79.72

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 56 found (best R:R 0.47, avg 0.43)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$82.00	$83.00	Oct 16	$0.32	$0.32	$0.68	63%	0.47	$82.32
$82.00	$83.00	Oct 30	$0.36	$0.36	$0.64	60%	0.56	$82.36
$83.00	$84.00	Oct 16	$0.20	$0.20	$0.80	74%	0.25	$83.20
$82.00	$83.00	Sep 30	$0.26	$0.26	$0.74	64%	0.35	$82.26
$81.50	$82.00	Oct 9	$0.21	$0.21	$0.29	57%	0.72	$81.71

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$80.00	$79.00	Sep 30	$0.16	$0.16	$0.84	74%	0.19	$79.84
$81.00	$80.50	Sep 16	$0.11	$0.11	$0.39	62%	0.28	$80.89
$81.00	$80.50	Sep 21	$0.17	$0.17	$0.33	57%	0.52	$80.83
$80.50	$80.00	Sep 25	$0.13	$0.13	$0.37	68%	0.35	$80.37
$81.00	$80.50	Sep 23	$0.18	$0.18	$0.32	56%	0.56	$80.82

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $0.17, cheapest $0.15)

CALLS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$81.00	Sep 16	Sep 18	$0.19	31.4%	16.3%

PUTS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$81.00	Sep 16	Sep 18	$0.15	31.4%	16.3%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 195 found (cheapest 0.65% of stock, avg 4.27%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$81.00	Sep 16	$0.36	$0.17	$0.53	$80.47	$81.53	0.65%
$81.50	Sep 16	$0.11	$0.43	$0.54	$80.96	$82.04	0.67%
$80.50	Sep 16	$0.73	$0.06	$0.79	$79.71	$81.29	0.97%
$81.00	Sep 18	$0.55	$0.32	$0.87	$80.13	$81.87	1.07%
$81.50	Sep 18	$0.30	$0.57	$0.87	$80.63	$82.37	1.07%
$82.00	Sep 16	$0.03	$0.86	$0.89	$81.11	$82.89	1.10%
$81.00	Sep 21	$0.62	$0.38	$1.00	$80.00	$82.00	1.23%
$81.50	Sep 21	$0.37	$0.63	$1.00	$80.50	$82.50	1.23%
$80.50	Sep 18	$0.89	$0.17	$1.06	$79.44	$81.56	1.31%
$82.00	Sep 18	$0.15	$0.94	$1.09	$80.91	$83.09	1.34%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 267 found (cheapest 0.07% of stock, avg 0.85%)

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
$83.50	$79.00	Sep 21	$0.04	$0.04	$0.08	$78.92	$83.58
$83.00	$79.00	Sep 18	$0.04	$0.04	$0.08	$78.92	$83.08
$83.00	$79.50	Sep 18	$0.04	$0.05	$0.09	$79.41	$83.09
$82.00	$80.50	Sep 16	$0.03	$0.06	$0.09	$80.41	$82.09
$83.00	$79.00	Sep 21	$0.07	$0.04	$0.11	$78.89	$83.11
$83.50	$79.50	Sep 21	$0.04	$0.07	$0.11	$79.39	$83.61
$82.50	$79.00	Sep 18	$0.07	$0.04	$0.11	$78.89	$82.61
$82.50	$79.50	Sep 18	$0.07	$0.05	$0.12	$79.38	$82.62
$85.00	$78.00	Sep 30	$0.06	$0.07	$0.13	$77.87	$85.13

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 19 found (best R:R 1.17, avg credit $0.28)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
78/79	82/83	Oct 23	$0.27	$0.23	42%	1.17	$78.73	$82.77
78/79	84/84	Oct 23	$0.21	$0.29	51%	0.72	$78.79	$83.71
80/80	82/82	Oct 2	$0.29	$0.21	34%	1.38	$79.71	$82.29
80/80	82/83	Oct 9	$0.27	$0.23	37%	1.17	$79.73	$82.77
78/79	83/84	Oct 23	$0.22	$0.28	47%	0.79	$78.78	$83.22
79/80	82/83	Oct 23	$0.27	$0.23	36%	1.17	$79.23	$82.77
80/80	82/83	Oct 2	$0.24	$0.26	42%	0.92	$79.76	$82.74
79/80	84/84	Oct 23	$0.21	$0.29	46%	0.72	$79.29	$83.71
80/80	82/82	Sep 25	$0.26	$0.24	34%	1.08	$80.24	$82.26
79/80	83/84	Oct 23	$0.22	$0.28	42%	0.79	$79.28	$83.22

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 106 found (best R:R 70.43, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$80.50	$81.00	$81.50	Sep 16	$0.12	$0.38	55%	3.17
$79.00	$80.00	$81.00	Oct 16	$0.13	$0.87	29%	6.69
$79.00	$80.00	$81.00	Oct 30	$0.10	$0.90	24%	9.00
$79.00	$80.00	$81.00	Sep 30	$0.15	$0.85	32%	5.67
$77.00	$78.00	$79.00	Oct 16	$0.06	$0.94	16%	15.67

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$65.00	$70.00	$75.00	Oct 30	$0.07	$4.93	6%	70.43
$81.50	$82.00	$82.50	Sep 16	$0.05	$0.45	29%	9.00
$80.50	$81.00	$81.50	Sep 16	$0.15	$0.35	55%	2.33
$79.00	$80.00	$81.00	Sep 30	$0.16	$0.84	32%	5.25
$83.00	$84.00	$85.00	Oct 16	$0.06	$0.94	15%	15.67

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 176 found (best net $-1.33, 165 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$70.00	$75.00	1:2	Sep 30	-$1.33	$3.67
$70.00	$75.00	1:2	Oct 30	-$1.53	$3.47
$76.00	$78.50	1:2	Sep 23	-$0.35	$2.15
$77.50	$79.00	1:2	Sep 16	-$0.68	$0.82
$76.00	$78.00	1:2	Sep 21	-$1.27	$0.73

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$84.50	$83.00	1:2	Sep 16	-$0.35	$1.15
$83.00	$82.00	1:2	Sep 21	-$0.09	$0.91
$83.00	$82.00	1:2	Sep 23	-$0.20	$0.80
$82.00	$81.00	1:2	Sep 30	-$0.06	$0.94
$83.00	$82.00	1:2	Sep 28	-$0.32	$0.68

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 71 found (best yield 1.29%, avg 0.37%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$82.00	Oct 30	$1.05	0.40	1.0%	1.29%	2.29%	62	1.5K
$81.50	Oct 23	$1.12	0.45	0.4%	1.38%	1.76%	501	2.8K
$83.00	Oct 30	$0.69	0.30	2.2%	0.85%	3.08%	201	2.1K
$82.00	Oct 23	$0.90	0.39	1.0%	1.11%	2.11%	43	1.6K
$82.50	Oct 23	$0.71	0.33	1.6%	0.87%	2.49%	995	1.3K
$82.00	Oct 16	$0.77	0.37	1.0%	0.95%	1.95%	8.2K	44.1K
$83.00	Oct 23	$0.56	0.28	2.2%	0.69%	2.92%	29	1.1K
$84.00	Oct 30	$0.44	0.21	3.5%	0.54%	4.00%	33	3.7K
$81.50	Oct 9	$0.84	0.43	0.4%	1.03%	1.42%	203	8.2K
$83.50	Oct 23	$0.44	0.23	2.9%	0.54%	3.39%	2	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 175,972

Total Puts 68,516

Put/Call Ratio 0.39

Net Difference 107,456

Prior's Put/Call Breakdown

Total Calls 74,047

Total Puts 79,178

Put/Call Ratio 1.07

Net Difference -5,131

Prior 7-Day Put/Call Summary

Total Calls 2,462,706

Total Puts 1,621,702

Average Put/Call Ratio 0.63

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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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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