TLT - Options Database

TLT

iShares 20+ Year Treasury Bond ETF

$81.16 +0.55%

(9/16 12:00) ◀

Wednesday, September 16, 2026 (1:00pm)

▶ (9/16 15:01)

◀ 9/16 13:00 ▶

Option Volume

Detail

ℹ

Current (09/16 1:00pm) 423,896

Calls: 297,670 (70%)

Puts: 126,226 (30%)

Prior (09/15) 260,260

Calls: 159,210 (61%)

Puts: 101,050 (39%)

Current vs Prior +62.87%

Calls: +86.97% (Calls)

Puts: +24.91% (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 -27.35%

Calls: -15.39%

Puts: -45.52%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (09/16 1:00pm) $25.75M

Calls: $21.56M (84%)

Puts: $4.19M (16%)

Prior (09/15) $18.22M

Calls: $12.73M (70%)

Puts: $5.49M (30%)

Current vs Prior +41.32%

Calls: +69.30%

Puts: -23.61%

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 -40.21%

Calls: -1.85%

Puts: -80.14%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (09/16 1:00pm) 0.42

Prior (09/15) 0.63

Current vs Prior -33.19%

Prior 7-Day Average 0.63

Current vs Prior 7-Day Avg -33.03%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (09/16 1:00pm) 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 0.96% | 1.42%1.42% | 2.00%0.96% | 3.55%

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

Current vs Prior -19.20% | -12.03%-12.03% | -10.00%-19.19% | -5.79%

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

Current vs 7-Day Avg -11.63% | -6.44%+23.09% | +8.68%-43.04% | -1.79%

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

Current vs 7-Day Eod -19.20% | -12.03%-12.70% | -10.00%-18.35% | -5.79%

Sentiment BULLISHBULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 2.62% | 1.75%

Calls: 3.03% | 1.85%

Puts: 2.22% | 1.64%

Prior 3.12% | 5.42%

Calls: 2.08% | 4.48%

Puts: 4.17% | 6.35%

Current vs Prior -16.03% | -67.71%

Prior 7-Day Avg 2.78% | 3.13%

Calls: 2.81% | 3.05%

Puts: 2.74% | 3.19%

Current vs 7-Day Avg -5.71% | -44.01%

Liquidity Good

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🤖 AI Insights

Strong bullish conviction with 84% of dollar volume in calls ($21.56M) vs puts ($4.19M). Above-average activity with volume up 63% vs prior. Extreme bullish P/C ratio of 0.42 - heavy call buying (297,670 calls vs 126,226 puts). P/C ratio dropping 33% - 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 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)

Time	Smart Money	Retail	Overall
13:00	BULLISH	BULLISH	BULLISH
12:00	BULLISH	BULLISH	BULLISH
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 372 of results (avg 2.8%, best 0.5%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$80.00	Oct 16	1.87	1.88	$1.88	0.5%	6.5K	0.65	8.3K
$80.00	Oct 9	1.74	1.75	$1.75	0.6%	36	0.67	1.2K
$65.00	Sep 30	16.25	16.35	$16.30	0.6%	--	1.00	73
$65.00	Oct 2	16.25	16.35	$16.30	0.6%	--	1.00	108
$81.00	Oct 16	1.24	1.25	$1.25	0.8%	4.8K	0.50	37.5K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.50	Oct 9	1.88	1.89	$1.88	0.5%	2	0.71	721
$82.00	Oct 16	1.63	1.64	$1.63	0.6%	3.5K	0.63	40.0K
$97.00	Sep 16	15.80	15.90	$15.85	0.6%	51	1.00	--
$95.00	Sep 16	13.80	13.90	$13.85	0.7%	6	1.00	--
$83.00	Oct 30	2.46	2.48	$2.47	0.8%	20	0.70	1.5K

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 172 found (avg $0.33, cheapest $0.06)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$81.50	Sep 16	0.10	0.11	$0.11	9.1%	21.0K	0.28	7.6K
$81.00	Sep 16	0.32	0.33	$0.33	3.0%	21.0K	0.60	10.8K
$82.50	Sep 18	0.07	0.08	$0.08	12.5%	13.3K	0.13	26.6K
$82.00	Sep 18	0.14	0.15	$0.15	6.7%	38.2K	0.23	109.4K
$83.00	Sep 21	0.06	0.07	$0.07	14.3%	51	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%	17.4K	0.16	9.2K
$81.00	Sep 16	0.17	0.18	$0.18	5.6%	6.2K	0.40	6.4K
$81.50	Sep 16	0.44	0.45	$0.45	2.2%	117	0.72	2.1K
$80.00	Sep 18	0.09	0.10	$0.10	10.0%	17.6K	0.15	65.8K
$80.50	Sep 18	0.17	0.18	$0.18	5.6%	7.4K	0.26	13.8K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 255 found (avg delta 0.87, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$68.00	Sep 16	13.10	13.25	$13.18	1.1%	6	1.00	23
$69.00	Sep 16	12.10	12.20	$12.15	0.8%	6	1.00	23
$70.00	Sep 16	11.10	11.20	$11.15	0.9%	3	1.00	42
$71.00	Sep 16	10.10	10.20	$10.15	1.0%	3	1.00	22
$72.00	Sep 16	9.10	9.25	$9.18	1.6%	10	1.00	49

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$84.00	Sep 18	2.81	2.89	$2.85	2.8%	60	1.00	5.7K
$85.00	Sep 18	3.80	3.90	$3.85	2.6%	255	1.00	3.9K
$86.00	Sep 18	4.75	4.90	$4.83	3.1%	1	1.00	6.0K
$87.00	Sep 18	5.75	5.90	$5.83	2.6%	77	1.00	3.1K
$88.00	Sep 18	6.80	6.90	$6.85	1.5%	6	1.00	5

Most actively traded options today. High liquidity = easy entry/exit. 405 active (total vol 421.0K, top 38.2K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.00	Sep 18	0.14	0.15	$0.15	6.7%	38.2K	0.23	109.4K
$82.00	Sep 16	0.02	0.03	$0.03	33.3%	30.8K	0.09	4.3K
$81.00	Sep 16	0.32	0.33	$0.33	3.0%	21.0K	0.60	10.8K
$81.50	Sep 16	0.10	0.11	$0.11	9.1%	21.0K	0.28	7.6K
$83.00	Oct 16	0.45	0.46	$0.46	2.2%	16.9K	0.25	125.8K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$80.00	Sep 16	0.02	0.03	$0.03	33.3%	28.3K	0.07	6.7K
$80.00	Sep 18	0.09	0.10	$0.10	10.0%	17.6K	0.15	65.8K
$80.50	Sep 16	0.05	0.06	$0.06	16.7%	17.4K	0.16	9.2K
$81.00	Sep 18	0.33	0.34	$0.34	2.9%	11.8K	0.43	78.1K
$80.50	Sep 18	0.17	0.18	$0.18	5.6%	7.4K	0.26	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 241.0%, max 277.7%)

CALLS (3)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$80.50	Sep 16	Oct 23	42.3%	11.2%	277.7%	539	1.6K
$81.00	Sep 16	Oct 30	39.3%	10.9%	262.3%	21.8K	12.5K
$81.50	Sep 16	Oct 23	38.5%	13.6%	183.0%	22.0K	10.5K

PUTS (3)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$80.50	Sep 16	Oct 23	42.3%	11.2%	277.7%	17.4K	9.7K
$81.00	Sep 16	Oct 30	39.3%	10.9%	262.3%	7.2K	9.5K
$81.50	Sep 16	Oct 23	38.5%	13.6%	183.0%	129	2.9K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 102 found (best R:R 1.56, avg 2.48)

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
$80.50	$81.00	Sep 21	$0.32	$0.18	$0.32	71%	0.56	$80.82
$81.50	$82.00	Sep 25	$0.18	$0.32	$0.18	44%	1.78	$81.68
$82.00	$82.50	Sep 23	$0.11	$0.39	$0.11	30%	3.55	$82.11
$80.50	$81.00	Sep 25	$0.31	$0.19	$0.31	67%	0.61	$80.81

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
$82.00	$81.00	Oct 16	$0.54	$0.46	$0.54	63%	0.85	$81.46
$81.00	$80.00	Oct 16	$0.39	$0.61	$0.39	51%	1.56	$80.61
$80.00	$79.00	Oct 30	$0.28	$0.72	$0.28	38%	2.57	$79.72
$81.00	$80.50	Oct 23	$0.21	$0.29	$0.21	51%	1.38	$80.79

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 60 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	$0.32	$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
$82.50	$83.00	Oct 23	$0.17	$0.17	$0.33	67%	0.52	$82.67
$83.00	$84.00	Oct 16	$0.20	$0.20	$0.80	75%	0.25	$83.20
$82.00	$83.00	Sep 30	$0.26	$0.26	$0.74	65%	0.35	$82.26

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	$0.18	$0.18	$0.82	73%	0.22	$79.82
$81.00	$80.50	Sep 16	$0.12	$0.12	$0.38	60%	0.32	$80.88
$80.50	$80.00	Sep 25	$0.14	$0.14	$0.36	67%	0.39	$80.36
$80.50	$80.00	Oct 2	$0.18	$0.18	$0.32	60%	0.56	$80.32

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $0.18, cheapest $0.16)

CALLS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$81.00	Sep 16	Sep 18	$0.21	39.3%	17.0%

PUTS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$81.00	Sep 16	Sep 18	$0.16	39.3%	17.0%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 199 found (cheapest 0.63% of stock, avg 4.29%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$81.00	Sep 16	$0.33	$0.18	$0.51	$80.49	$81.51	0.63%
$81.50	Sep 16	$0.11	$0.45	$0.56	$80.94	$82.06	0.69%
$80.50	Sep 16	$0.73	$0.06	$0.79	$79.71	$81.29	0.97%
$82.00	Sep 16	$0.03	$0.85	$0.88	$81.12	$82.88	1.08%
$81.00	Sep 18	$0.54	$0.34	$0.88	$80.12	$81.88	1.08%
$81.50	Sep 18	$0.30	$0.61	$0.91	$80.59	$82.41	1.12%
$81.00	Sep 21	$0.61	$0.40	$1.01	$79.99	$82.01	1.24%
$81.50	Sep 21	$0.36	$0.66	$1.02	$80.48	$82.52	1.26%
$80.50	Sep 18	$0.88	$0.18	$1.06	$79.44	$81.56	1.31%
$82.00	Sep 18	$0.15	$0.96	$1.11	$80.89	$83.11	1.37%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 263 found (cheapest 0.07% of stock, avg 0.91%)

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
$82.00	$80.50	Sep 16	$0.03	$0.06	$0.09	$80.41	$82.09
$83.00	$79.50	Sep 18	$0.05	$0.05	$0.10	$79.40	$83.10
$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	$79.50	Sep 18	$0.08	$0.05	$0.13	$79.37	$82.63
$83.50	$79.00	Sep 23	$0.07	$0.07	$0.14	$78.86	$83.64
$83.00	$79.50	Sep 21	$0.07	$0.07	$0.14	$79.36	$83.14
$85.00	$78.00	Sep 30	$0.06	$0.08	$0.14	$77.86	$85.14

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 24 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	41%	1.17	$78.73	$82.77
79/80	82/83	Oct 23	$0.29	$0.21	36%	1.38	$79.21	$82.79
80/80	82/82	Oct 2	$0.29	$0.21	34%	1.38	$79.71	$82.29
79/80	82/83	Oct 9	$0.24	$0.26	44%	0.92	$79.26	$82.74
80/80	82/83	Oct 9	$0.27	$0.23	37%	1.17	$79.73	$82.77
78/79	84/84	Oct 23	$0.20	$0.30	51%	0.67	$78.80	$83.70
80/80	82/83	Oct 2	$0.24	$0.26	42%	0.92	$79.76	$82.74
79/80	84/84	Oct 23	$0.22	$0.28	46%	0.79	$79.28	$83.72
78/79	83/84	Oct 23	$0.21	$0.29	46%	0.72	$78.79	$83.21
80/80	82/82	Sep 25	$0.27	$0.23	34%	1.17	$80.23	$82.27

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 104 found (best R:R 61.50, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$80.00	$80.50	$81.00	Sep 16	$0.05	$0.45	32%	9.00
$78.00	$79.00	$80.00	Oct 30	$0.07	$0.93	20%	13.29
$79.00	$80.00	$81.00	Sep 30	$0.15	$0.85	32%	5.67
$79.00	$80.00	$81.00	Oct 16	$0.13	$0.87	28%	6.69
$78.00	$79.00	$80.00	Oct 16	$0.10	$0.90	23%	9.00

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
$79.00	$80.00	$81.00	Sep 30	$0.15	$0.85	32%	5.67
$81.00	$81.50	$82.00	Sep 16	$0.13	$0.37	51%	2.85
$80.50	$81.00	$81.50	Sep 16	$0.15	$0.35	56%	2.33
$79.00	$80.00	$81.00	Oct 16	$0.12	$0.88	26%	7.33

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 182 found (best net $-1.02, 170 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	-$1.56	$3.44
$76.00	$78.50	1:2	Sep 23	-$0.31	$2.19
$76.00	$78.00	1:2	Sep 21	-$1.21	$0.79
$70.00	$74.00	1:2	Sep 25	-$3.29	$0.71

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$92.00	$87.00	1:2	Oct 23	-$1.02	$3.98
$83.00	$82.00	1:2	Sep 21	-$0.13	$0.87
$83.00	$82.00	1:2	Sep 23	-$0.25	$0.75
$82.00	$81.00	1:2	Sep 30	-$0.11	$0.89
$83.00	$82.00	1:2	Sep 28	-$0.37	$0.63

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 71 found (best yield 1.31%, avg 0.37%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$82.00	Oct 30	$1.06	0.40	1.0%	1.31%	2.34%	675	1.5K
$81.50	Oct 23	$1.12	0.44	0.4%	1.38%	1.80%	1.0K	2.8K
$83.00	Oct 30	$0.70	0.30	2.3%	0.86%	3.13%	361	2.1K
$82.00	Oct 23	$0.90	0.39	1.0%	1.11%	2.14%	66	1.6K
$82.50	Oct 23	$0.72	0.33	1.6%	0.89%	2.54%	995	1.3K
$82.00	Oct 16	$0.77	0.37	1.0%	0.95%	1.98%	10.7K	44.1K
$83.00	Oct 23	$0.56	0.28	2.3%	0.69%	2.96%	31	1.1K
$84.00	Oct 30	$0.45	0.21	3.5%	0.55%	4.05%	71	3.7K
$81.50	Oct 9	$0.84	0.43	0.4%	1.03%	1.45%	214	8.2K
$83.50	Oct 23	$0.44	0.23	2.9%	0.54%	3.43%	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 297,670

Total Puts 126,226

Put/Call Ratio 0.42

Net Difference 171,444

Prior's Put/Call Breakdown

Total Calls 159,210

Total Puts 101,050

Put/Call Ratio 0.63

Net Difference 58,160

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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