TLT - Options Database

TLT

iShares 20+ Year Treasury Bond ETF

$81.30 -0.59%

(9/17 16:01) ◀

Friday, September 18, 2026 (10:00am)

▶ (9/18 11:00)

◀ 9/18 10:00 ▶

Option Volume

Detail

ℹ

Current (09/18 10:00am) 59,956

Calls: 34,869 (58%)

Puts: 25,087 (42%)

Prior (09/17) 120,030

Calls: 96,127 (80%)

Puts: 23,903 (20%)

Current vs Prior -50.05%

Calls: -63.73% (Calls)

Puts: +4.95% (Puts)

Prior 7-Day Total 4,597,531

Calls: 2,816,825 (61%)

Puts: 1,780,706 (39%)

Prior 7-Day Average 656,790

Calls: 402,403 (61%)

Puts: 254,386 (39%)

Current vs Prior 7-Day Avg -90.87%

Calls: -91.33%

Puts: -90.14%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (09/18 10:00am) $2.60M

Calls: $1.09M (42%)

Puts: $1.52M (58%)

Prior (09/17) $5.13M

Calls: $4.21M (82%)

Puts: $917.6K (18%)

Current vs Prior -49.28%

Calls: -74.19%

Puts: +65.15%

Prior 7-Day Total $340.77M

Calls: $187.02M (55%)

Puts: $153.75M (45%)

Prior 7-Day Average $48.68M

Calls: $26.72M (55%)

Puts: $21.96M (45%)

Current vs Prior 7-Day Avg -94.65%

Calls: -95.93%

Puts: -93.10%

Sentiment BEARISH

Put/Call Ratio

Detail

ℹ

Current (09/18 10:00am) 0.72

Prior (09/17) 0.25

Current vs Prior +189.34%

Prior 7-Day Average 0.64

Current vs Prior 7-Day Avg +11.89%

Sentiment NEUTRAL

Open Interest

Detail

ℹ

Current (09/18 10:00am) 4,307,168

Calls: 2,809,593 (65%)

Puts: 1,497,575 (35%)

Prior (09/17) 4,167,727

Calls: 2,664,673 (64%)

Puts: 1,503,054 (36%)

Current vs Prior +3.35%

Prior 7-Day Total 27,708,358

Calls: 16,911,378 (61%)

Puts: 10,796,980 (39%)

Prior 7-Day Average 3,958,336

Calls: 2,415,911 (61%)

Puts: 1,542,425 (39%)

Current vs Prior 7-Day Avg +8.81%

Sentiment BEARISH

Expected Move

Detail

ℹ

3DTEWKMO Expiry (09/18) | Next (09/21)Expiry (09/18) | Next (09/25)Expiry (09/18) | Next (10/16)

Current 0.71% | 0.96%0.71% | 1.53%0.71% | 3.15%

Prior 1.24% | 1.38%1.24% | 1.88%0.67% | 3.49%

Current vs Prior -42.30% | -30.72%-42.30% | -18.84%+6.84% | -9.69%

Prior 7-Day Avg 1.12% | 1.52%1.23% | 1.92%1.50% | 3.61%

Current vs 7-Day Avg -36.20% | -37.08%-42.19% | -20.46%-52.32% | -12.88%

Prior 7-Day Eod 1.24% | 1.38%0.88% | 1.53%0.88% | 3.08%

Current vs 7-Day Eod -42.30% | -30.72%-19.01% | -0.27%-19.01% | +2.12%

Sentiment BULLISHBULLISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 8.54% | 3.75%

Calls: 9.09% | 4.65%

Puts: 8.00% | 2.86%

Prior 15.46% | -0.72%

Calls: 8.70% | -1.45%

Puts: 22.22% | 0.00%

Current vs Prior -44.76% | -620.83%

Prior 7-Day Avg 4.65% | 3.26%

Calls: 3.72% | 3.17%

Puts: 5.58% | 3.35%

Current vs 7-Day Avg +83.77% | +15.09%

Liquidity Acceptable

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🤖 AI Insights

Below-average activity with volume down 50% vs prior. P/C ratio rising 189% - increased hedging/bearish positioning. Call-heavy open interest (2,809,593 calls vs 1,497,575 puts) suggests bullish positioning.

Smart Money BEARISH

Retail Flow BULLISH

Overall BULLISH

Dollar Volume

Option Volume

Put/Call Ratio

Open Interest

Expected Move

Current BEARISH

Prior BULLISH

7-Day Avg BULLISH

Current BULLISH

Prior BULLISH

7-Day Avg NEUTRAL

Current NEUTRAL

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
16:00	BEARISH	BULLISH	BULLISH
15:00	BEARISH	BULLISH	BULLISH
14:00	BULLISH	BULLISH	BULLISH
13:00	BULLISH	BULLISH	BULLISH
12:00	BULLISH	BULLISH	BULLISH
11:00	BULLISH	BULLISH	BULLISH
10:00	BEARISH	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 297 of results (avg 3.3%, best 0.9%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$70.00	Sep 25	11.30	11.40	$11.35	0.9%	--	1.00	26
$81.00	Oct 9	0.96	0.97	$0.97	1.0%	14	0.52	1.8K
$67.00	Oct 16	14.30	14.45	$14.38	1.0%	--	1.00	87
$82.00	Oct 30	0.92	0.93	$0.93	1.1%	41	0.39	3.8K
$68.00	Oct 16	13.30	13.45	$13.38	1.1%	--	1.00	86

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$97.00	Oct 16	15.80	15.95	$15.88	0.9%	--	0.99	121
$95.00	Oct 2	13.85	14.00	$13.93	1.1%	--	0.99	10
$82.50	Oct 23	1.83	1.85	$1.84	1.1%	--	0.69	954
$82.00	Oct 30	1.59	1.61	$1.60	1.3%	9	0.61	3.9K
$93.00	Sep 18	11.65	11.80	$11.73	1.3%	--	1.00	15

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 127 found (avg $0.36, cheapest $0.25)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$81.00	Sep 18	0.31	0.34	$0.33	9.1%	1.1K	0.84	54.1K
$81.50	Sep 21	0.15	0.16	$0.16	6.3%	784	0.36	2.9K
$82.50	Sep 23	0.05	0.06	$0.06	16.7%	275	0.11	992
$82.00	Sep 23	0.13	0.14	$0.14	7.1%	686	0.23	3.1K
$81.00	Sep 21	0.42	0.44	$0.43	4.7%	394	0.68	7.2K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$81.50	Sep 18	0.24	0.26	$0.25	8.0%	5.3K	0.75	11.3K
$81.00	Sep 21	0.11	0.12	$0.12	8.3%	364	0.32	3.1K
$81.50	Sep 21	0.34	0.35	$0.35	2.9%	83	0.64	1.4K
$80.50	Sep 23	0.11	0.12	$0.12	8.3%	66	0.21	1.6K
$81.00	Sep 23	0.24	0.25	$0.25	4.0%	1.2K	0.38	8.2K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 218 found (avg delta 0.90, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$70.00	Sep 18	11.20	11.35	$11.27	1.3%	5	1.00	259
$71.00	Sep 18	10.20	10.35	$10.27	1.5%	5	1.00	28
$72.00	Sep 18	9.20	9.35	$9.27	1.6%	2	1.00	31
$73.00	Sep 18	8.20	8.35	$8.27	1.8%	2	1.00	344
$74.00	Sep 18	7.20	7.35	$7.28	2.1%	3	1.00	87

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$92.00	Sep 18	10.65	10.80	$10.73	1.4%	--	1.00	4.6K
$93.00	Sep 18	11.65	11.80	$11.73	1.3%	--	1.00	15
$90.00	Sep 18	8.65	8.80	$8.73	1.7%	1	0.99	22
$89.00	Sep 18	7.65	7.80	$7.73	1.9%	--	0.99	153
$87.00	Sep 18	5.65	5.75	$5.70	1.8%	1	0.99	3.1K

Most actively traded options today. High liquidity = easy entry/exit. 259 active (total vol 59.9K, top 5.3K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.00	Sep 30	0.35	0.36	$0.36	2.8%	4.8K	0.33	62.2K
$81.50	Sep 18	0.04	0.05	$0.05	20.0%	3.4K	0.25	40.3K
$82.00	Oct 16	0.64	0.65	$0.65	1.5%	3.2K	0.36	90.1K
$83.00	Sep 25	0.05	0.06	$0.06	16.7%	2.0K	0.09	16.9K
$82.00	Sep 18	0.00	0.01	$0.01	100.0%	2.0K	0.03	111.3K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$81.50	Sep 18	0.24	0.26	$0.25	8.0%	5.3K	0.75	11.3K
$82.00	Sep 18	0.68	0.73	$0.71	7.0%	4.0K	0.97	104.9K
$84.00	Sep 18	2.68	2.76	$2.72	2.9%	2.0K	0.99	3.9K
$81.50	Sep 25	0.54	0.56	$0.55	3.6%	1.6K	0.56	5.4K
$81.00	Sep 18	0.02	0.03	$0.03	33.3%	1.5K	0.16	69.5K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 4 strikes (avg 28.4%, max 40.5%)

CALLS (2)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$81.00	Sep 18	Oct 30	13.5%	9.6%	40.5%	1.1K	55.7K
$81.50	Sep 18	Oct 23	14.2%	12.2%	16.4%	3.5K	44.1K

PUTS (2)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$81.00	Sep 18	Oct 30	13.5%	9.6%	40.5%	1.5K	72.8K
$81.50	Sep 18	Oct 23	14.2%	12.2%	16.4%	5.4K	12.2K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 73 found (best R:R 1.78, avg 2.01)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$81.00	$81.50	Sep 18	$0.28	$0.22	$0.28	84%	0.79	$81.28
$81.00	$81.50	Sep 23	$0.26	$0.24	$0.26	62%	0.92	$81.26
$83.00	$83.50	Oct 23	$0.11	$0.39	$0.11	26%	3.55	$83.11
$81.00	$81.50	Sep 21	$0.27	$0.23	$0.27	68%	0.85	$81.27
$82.00	$82.50	Oct 23	$0.17	$0.33	$0.17	38%	1.94	$82.17

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$81.00	$80.00	Oct 16	$0.36	$0.64	$0.36	50%	1.78	$80.64
$81.00	$80.00	Oct 30	$0.38	$0.62	$0.38	50%	1.63	$80.62
$80.50	$80.00	Oct 23	$0.16	$0.34	$0.16	42%	2.12	$80.34
$81.50	$81.00	Oct 23	$0.24	$0.26	$0.24	56%	1.08	$81.26
$82.00	$81.00	Oct 30	$0.53	$0.47	$0.53	61%	0.89	$81.47

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 41 found (best R:R 0.30, avg 0.42)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$82.00	$83.00	Sep 30	$0.23	$0.23	$0.77	67%	0.30	$82.23
$82.00	$83.00	Oct 30	$0.36	$0.36	$0.64	61%	0.56	$82.36
$82.00	$83.00	Oct 16	$0.30	$0.30	$0.70	64%	0.43	$82.30
$81.50	$82.00	Sep 23	$0.17	$0.17	$0.33	59%	0.52	$81.67
$82.00	$82.50	Sep 28	$0.13	$0.13	$0.37	70%	0.35	$82.13

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$80.00	$79.00	Sep 30	$0.11	$0.11	$0.89	80%	0.12	$79.89
$81.00	$80.50	Sep 23	$0.13	$0.13	$0.37	62%	0.35	$80.87
$81.00	$80.50	Sep 25	$0.15	$0.15	$0.35	60%	0.43	$80.85
$81.00	$80.00	Sep 30	$0.26	$0.26	$0.74	58%	0.35	$80.74
$81.00	$80.50	Oct 2	$0.21	$0.21	$0.29	52%	0.72	$80.79

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

No setups found for this strategy

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 186 found (cheapest 0.37% of stock, avg 4.06%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$81.50	Sep 18	$0.05	$0.25	$0.30	$81.20	$81.80	0.37%
$81.00	Sep 18	$0.33	$0.03	$0.36	$80.64	$81.36	0.44%
$81.50	Sep 21	$0.16	$0.35	$0.51	$80.99	$82.01	0.63%
$81.00	Sep 21	$0.43	$0.12	$0.55	$80.45	$81.55	0.68%
$82.00	Sep 18	$0.01	$0.71	$0.72	$81.28	$82.72	0.89%
$81.50	Sep 23	$0.31	$0.47	$0.78	$80.72	$82.28	0.96%
$80.50	Sep 18	$0.79	$0.01	$0.80	$79.70	$81.30	0.98%
$82.00	Sep 21	$0.05	$0.75	$0.80	$81.20	$82.80	0.98%
$81.00	Sep 23	$0.57	$0.25	$0.82	$80.18	$81.82	1.01%
$80.50	Sep 21	$0.83	$0.04	$0.87	$79.63	$81.37	1.07%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 196 found (cheapest 0.07% of stock, avg 0.81%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$83.00	$79.50	Sep 23	$0.03	$0.03	$0.06	$79.44	$83.06
$83.00	$80.00	Sep 23	$0.03	$0.05	$0.08	$79.92	$83.08
$81.50	$81.00	Sep 18	$0.05	$0.03	$0.08	$80.92	$81.58
$83.50	$79.00	Sep 28	$0.04	$0.05	$0.09	$78.91	$83.59
$82.00	$80.50	Sep 21	$0.05	$0.04	$0.09	$80.41	$82.09
$82.50	$79.50	Sep 23	$0.06	$0.03	$0.09	$79.41	$82.59
$83.00	$79.50	Sep 25	$0.06	$0.05	$0.11	$79.39	$83.11
$82.50	$80.00	Sep 23	$0.06	$0.05	$0.11	$79.89	$82.61
$83.50	$79.50	Sep 28	$0.04	$0.07	$0.11	$79.39	$83.61
$84.00	$79.00	Sep 30	$0.05	$0.07	$0.12	$78.88	$84.12

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 11 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
80/80	82/83	Oct 23	$0.29	$0.21	34%	1.38	$79.71	$82.79
80/80	82/82	Oct 9	$0.28	$0.22	35%	1.27	$79.72	$82.28
79/80	82/83	Oct 23	$0.25	$0.25	41%	1.00	$79.25	$82.75
80/80	83/84	Oct 23	$0.25	$0.25	40%	1.00	$79.75	$83.25
80/80	82/83	Oct 9	$0.23	$0.27	43%	0.85	$79.77	$82.73
79/80	83/84	Oct 23	$0.21	$0.29	46%	0.72	$79.29	$83.21
78/79	84/85	Oct 30	$0.30	$0.70	56%	0.43	$78.70	$84.30
78/79	83/84	Oct 16	$0.29	$0.71	56%	0.41	$78.71	$83.29
78/79	83/84	Oct 30	$0.38	$0.62	47%	0.61	$78.62	$83.38
79/80	83/84	Oct 16	$0.38	$0.62	44%	0.61	$79.62	$83.38

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 101 found (best R:R 1.78, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$80.50	$81.00	$81.50	Sep 18	$0.18	$0.32	71%	1.78
$81.00	$81.50	$82.00	Sep 18	$0.24	$0.26	81%	1.08
$78.00	$79.00	$80.00	Oct 16	$0.08	$0.92	26%	11.50
$79.00	$80.00	$81.00	Sep 30	$0.15	$0.85	34%	5.67
$79.00	$80.00	$81.00	Oct 16	$0.15	$0.85	34%	5.67

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$81.00	$81.50	$82.00	Sep 18	$0.24	$0.26	80%	1.08
$80.50	$81.00	$81.50	Sep 18	$0.20	$0.30	72%	1.50
$79.00	$80.00	$81.00	Sep 30	$0.15	$0.85	34%	5.67
$80.00	$81.00	$82.00	Sep 30	$0.27	$0.73	47%	2.70
$79.00	$80.00	$81.00	Oct 16	$0.14	$0.86	29%	6.14

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 128 found (best net $-1.38, 112 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$70.00	$75.00	1:2	Sep 30	-$1.38	$3.62
$70.00	$75.00	1:2	Sep 25	-$1.41	$3.59
$70.00	$75.00	1:2	Oct 30	-$1.48	$3.52
$72.00	$76.00	1:2	Oct 2	-$1.38	$2.62
$76.00	$78.00	1:2	Sep 23	-$1.27	$0.73

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$83.50	$82.50	1:2	Sep 21	-$0.22	$0.78
$83.00	$82.00	1:2	Sep 30	-$0.18	$0.82
$87.00	$85.00	1:2	Sep 30	-$1.67	$0.33
$82.50	$82.00	1:2	Sep 18	-$0.23	$0.27
$84.00	$83.00	1:2	Sep 23	-$0.74	$0.26

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 47 found (best yield 1.13%, avg 0.36%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$82.00	Oct 30	$0.92	0.39	0.9%	1.13%	1.99%	41	3.8K
$81.50	Oct 23	$0.98	0.44	0.2%	1.21%	1.45%	117	3.8K
$83.00	Oct 30	$0.57	0.28	2.1%	0.70%	2.79%	28	2.5K
$82.00	Oct 23	$0.76	0.38	0.9%	0.93%	1.80%	--	1.8K
$82.50	Oct 23	$0.59	0.31	1.5%	0.73%	2.20%	--	2.6K
$82.00	Oct 16	$0.64	0.36	0.9%	0.79%	1.65%	3.2K	90.1K
$83.00	Oct 23	$0.44	0.26	2.1%	0.54%	2.63%	25	26.4K
$84.00	Oct 30	$0.34	0.19	3.3%	0.42%	3.74%	123	3.3K
$81.50	Oct 9	$0.70	0.43	0.2%	0.86%	1.11%	2	7.8K
$83.50	Oct 23	$0.33	0.20	2.7%	0.41%	3.11%	1	767

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 34,869

Total Puts 25,087

Put/Call Ratio 0.72

Net Difference 9,782

Prior's Put/Call Breakdown

Total Calls 96,127

Total Puts 23,903

Put/Call Ratio 0.25

Net Difference 72,224

Prior 7-Day Put/Call Summary

Total Calls 2,816,825

Total Puts 1,780,706

Average Put/Call Ratio 0.64

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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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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