TLT - Options Database

TLT

iShares 20+ Year Treasury Bond ETF

$81.11 -0.82%

(9/18 10:00) ◀

Friday, September 18, 2026 (11:00am)

▶ (9/18 12:01)

◀ 9/18 11:00 ▶

Option Volume

Detail

ℹ

Current (09/18 11:00am) 222,005

Calls: 88,412 (40%)

Puts: 133,593 (60%)

Prior (09/17) 209,057

Calls: 169,814 (81%)

Puts: 39,243 (19%)

Current vs Prior +6.19%

Calls: -47.94% (Calls)

Puts: +240.43% (Puts)

Prior 7-Day Total 5,009,384

Calls: 3,110,868 (62%)

Puts: 1,898,516 (38%)

Prior 7-Day Average 715,626

Calls: 444,409 (62%)

Puts: 271,216 (38%)

Current vs Prior 7-Day Avg -68.98%

Calls: -80.11%

Puts: -50.74%

Sentiment BEARISH

Dollar Volume

Detail

ℹ

Current (09/18 11:00am) $8.59M

Calls: $3.20M (37%)

Puts: $5.39M (63%)

Prior (09/17) $7.84M

Calls: $6.25M (80%)

Puts: $1.60M (20%)

Current vs Prior +9.54%

Calls: -48.72%

Puts: +237.52%

Prior 7-Day Total $394.79M

Calls: $203.09M (51%)

Puts: $191.70M (49%)

Prior 7-Day Average $56.40M

Calls: $29.01M (51%)

Puts: $27.39M (49%)

Current vs Prior 7-Day Avg -84.77%

Calls: -88.96%

Puts: -80.33%

Sentiment BEARISH

Put/Call Ratio

Detail

ℹ

Current (09/18 11:00am) 1.51

Prior (09/17) 0.23

Current vs Prior +553.86%

Prior 7-Day Average 0.62

Current vs Prior 7-Day Avg +143.24%

Sentiment BEARISH

Open Interest

Detail

ℹ

Current (09/18 11:00am) 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 28,140,215

Calls: 17,339,755 (62%)

Puts: 10,800,460 (38%)

Prior 7-Day Average 4,020,030

Calls: 2,477,107 (62%)

Puts: 1,542,922 (38%)

Current vs Prior 7-Day Avg +7.14%

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 0.70% | 0.97%0.70% | 1.57%0.70% | 3.21%

Prior 0.89% | 1.06%0.89% | 1.54%0.89% | 3.12%

Current vs Prior -21.27% | -8.45%-21.27% | +1.63%-21.27% | +2.80%

Prior 7-Day Avg 1.12% | 1.49%1.18% | 1.88%1.34% | 3.55%

Current vs 7-Day Avg -37.09% | -34.82%-40.40% | -16.65%-47.37% | -9.76%

Prior 7-Day Eod 0.89% | 1.06%0.88% | 1.53%0.88% | 3.08%

Current vs 7-Day Eod -21.27% | -8.45%-20.23% | +2.38%-20.23% | +3.96%

Sentiment BULLISHBULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 11.69% | 3.70%

Calls: 5.88% | 3.23%

Puts: 17.50% | 4.17%

Prior 5.13% | 3.35%

Calls: 6.82% | 3.92%

Puts: 3.45% | 2.78%

Current vs Prior +127.88% | +10.45%

Prior 7-Day Avg 4.99% | 3.18%

Calls: 4.27% | 3.18%

Puts: 5.71% | 3.18%

Current vs 7-Day Avg +134.20% | +16.29%

Liquidity Acceptable

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🤖 AI Insights

Moderately bearish flow with 63% put dollar volume ($5.39M). Extreme bearish P/C ratio of 1.51 - heavy put buying. P/C ratio rising 554% - 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 BEARISH

Overall BEARISH

Dollar Volume

Option Volume

Put/Call Ratio

Open Interest

Expected Move

Current BEARISH

Prior BULLISH

7-Day Avg BULLISH

Current BEARISH

Prior BULLISH

7-Day Avg NEUTRAL

Current BEARISH

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
11:00	BEARISH	BEARISH	BEARISH
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 314 of results (avg 3.1%, best 0.6%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$65.00	Sep 30	16.15	16.25	$16.20	0.6%	--	1.00	73
$65.00	Oct 2	16.15	16.25	$16.20	0.6%	--	1.00	108
$80.50	Oct 23	1.45	1.46	$1.46	0.7%	38	0.57	444
$81.00	Oct 23	1.16	1.17	$1.17	0.9%	517	0.48	1.2K
$70.00	Sep 30	11.15	11.25	$11.20	0.9%	--	1.00	185

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$97.00	Oct 16	16.00	16.15	$16.08	0.9%	--	0.99	121
$97.00	Sep 18	15.80	15.95	$15.88	0.9%	23	1.00	--
$96.00	Oct 16	15.00	15.15	$15.08	1.0%	--	0.99	86
$96.00	Sep 18	14.80	14.95	$14.88	1.0%	23	1.00	--
$95.00	Oct 2	14.00	14.15	$14.08	1.1%	--	0.99	10

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 126 found (avg $0.35, cheapest $0.17)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$81.00	Sep 18	0.16	0.17	$0.17	5.9%	2.1K	0.70	54.1K
$81.50	Sep 21	0.09	0.10	$0.10	10.0%	3.6K	0.26	2.9K
$81.00	Sep 21	0.30	0.31	$0.31	3.2%	1.0K	0.57	7.2K
$82.00	Sep 23	0.10	0.11	$0.11	9.1%	996	0.19	3.1K
$80.50	Sep 18	0.59	0.67	$0.63	12.7%	66	0.96	3.4K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$81.50	Sep 18	0.36	0.43	$0.40	17.5%	7.6K	0.92	11.3K
$81.00	Sep 21	0.18	0.19	$0.19	5.3%	914	0.43	3.1K
$80.00	Sep 23	0.07	0.08	$0.08	12.5%	369	0.14	2.2K
$80.50	Sep 23	0.15	0.16	$0.16	6.3%	95	0.27	1.6K
$81.50	Sep 21	0.47	0.49	$0.48	4.2%	1.2K	0.74	1.4K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 235 found (avg delta 0.90, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$72.00	Sep 21	9.05	9.20	$9.13	1.6%	--	1.00	70
$74.00	Sep 21	7.05	7.20	$7.13	2.1%	--	1.00	70
$76.00	Sep 21	5.05	5.20	$5.13	2.9%	--	1.00	30
$77.00	Sep 21	4.10	4.20	$4.15	2.4%	2	1.00	2
$78.00	Sep 21	3.05	3.20	$3.13	4.8%	--	1.00	95

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.00	Sep 18	0.88	0.91	$0.90	3.3%	4.4K	1.00	104.9K
$82.50	Sep 18	1.34	1.41	$1.38	5.1%	94	1.00	3.1K
$83.00	Sep 18	1.83	1.91	$1.87	4.3%	67	1.00	8.7K
$83.50	Sep 18	2.33	2.44	$2.38	4.6%	4	1.00	500
$84.00	Sep 18	2.83	2.95	$2.89	4.2%	2.0K	1.00	3.9K

Most actively traded options today. High liquidity = easy entry/exit. 337 active (total vol 221.7K, top 33.5K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$83.00	Oct 16	0.31	0.32	$0.32	3.1%	15.6K	0.21	206.8K
$82.00	Sep 30	0.31	0.32	$0.32	3.1%	7.0K	0.30	62.2K
$82.00	Sep 25	0.18	0.19	$0.19	5.3%	6.9K	0.25	15.3K
$81.50	Sep 18	0.01	0.02	$0.02	50.0%	5.6K	0.11	40.3K
$82.00	Oct 16	0.58	0.59	$0.59	1.7%	5.0K	0.34	90.1K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$77.00	Oct 16	0.11	0.12	$0.12	8.3%	33.5K	0.09	75.4K
$79.00	Oct 16	0.33	0.34	$0.34	2.9%	31.9K	0.23	123.2K
$81.00	Sep 18	0.04	0.05	$0.05	20.0%	13.9K	0.30	69.5K
$81.50	Sep 18	0.36	0.43	$0.40	17.5%	7.6K	0.92	11.3K
$78.00	Oct 16	0.19	0.20	$0.20	5.0%	7.1K	0.14	19.8K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 2 strikes (avg 22.4%, max 22.4%)

CALLS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$81.00	Sep 18	Oct 30	11.9%	9.7%	22.4%	2.5K	55.7K

PUTS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$81.00	Sep 18	Oct 30	11.9%	9.7%	22.4%	13.9K	72.8K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 74 found (best R:R 0.82, avg 2.09)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$84.00	$85.00	Oct 30	$0.12	$0.88	$0.12	18%	7.33	$84.12
$80.50	$81.00	Sep 25	$0.32	$0.18	$0.32	70%	0.56	$80.82
$81.00	$81.50	Sep 23	$0.22	$0.28	$0.22	54%	1.27	$81.22
$82.00	$82.50	Oct 23	$0.16	$0.34	$0.16	36%	2.13	$82.16
$80.50	$81.00	Sep 28	$0.32	$0.18	$0.32	68%	0.56	$80.82

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$82.00	$81.00	Oct 30	$0.55	$0.45	$0.55	63%	0.82	$81.45
$81.00	$80.00	Oct 30	$0.41	$0.59	$0.41	52%	1.44	$80.59
$81.00	$80.00	Oct 16	$0.40	$0.60	$0.40	53%	1.50	$80.60
$80.00	$79.00	Oct 30	$0.27	$0.73	$0.27	38%	2.70	$79.73
$82.00	$81.00	Sep 30	$0.58	$0.42	$0.58	70%	0.72	$81.42

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 43 found (best R:R 0.18, avg 0.42)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$82.00	$83.00	Sep 30	$0.20	$0.20	$0.80	70%	0.25	$82.20
$82.00	$83.00	Oct 30	$0.33	$0.33	$0.67	63%	0.49	$82.33
$82.00	$83.00	Oct 16	$0.27	$0.27	$0.73	66%	0.37	$82.27
$83.00	$84.00	Oct 30	$0.22	$0.22	$0.78	73%	0.28	$83.22
$82.00	$82.50	Sep 28	$0.11	$0.11	$0.39	74%	0.28	$82.11

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$80.00	$79.00	Sep 30	$0.15	$0.15	$0.85	76%	0.18	$79.85
$81.00	$80.50	Sep 21	$0.14	$0.14	$0.36	56%	0.39	$80.86
$81.00	$80.50	Sep 23	$0.17	$0.17	$0.33	54%	0.52	$80.83
$80.50	$80.00	Sep 25	$0.11	$0.11	$0.39	70%	0.28	$80.39
$80.50	$80.00	Sep 28	$0.12	$0.12	$0.38	68%	0.32	$80.38

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $0.14, cheapest $0.14)

CALLS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$81.00	Sep 18	Sep 21	$0.14	11.9%	7.5%

PUTS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$81.00	Sep 18	Sep 21	$0.14	11.9%	7.5%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 195 found (cheapest 0.27% of stock, avg 4.20%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$81.00	Sep 18	$0.17	$0.05	$0.22	$80.78	$81.22	0.27%
$81.50	Sep 18	$0.02	$0.40	$0.42	$81.08	$81.92	0.52%
$81.00	Sep 21	$0.31	$0.19	$0.50	$80.50	$81.50	0.62%
$81.50	Sep 21	$0.10	$0.48	$0.58	$80.92	$82.08	0.72%
$80.50	Sep 18	$0.63	$0.01	$0.64	$79.86	$81.14	0.79%
$80.50	Sep 21	$0.68	$0.05	$0.73	$79.77	$81.23	0.90%
$81.00	Sep 23	$0.46	$0.33	$0.79	$80.21	$81.79	0.97%
$81.50	Sep 23	$0.24	$0.60	$0.84	$80.66	$82.34	1.04%
$82.00	Sep 18	$0.01	$0.90	$0.91	$81.09	$82.91	1.12%
$82.00	Sep 21	$0.03	$0.89	$0.92	$81.08	$82.92	1.13%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 197 found (cheapest 0.06% of stock, avg 0.86%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$82.00	$80.00	Sep 21	$0.03	$0.02	$0.05	$79.95	$82.05
$83.00	$79.50	Sep 23	$0.03	$0.04	$0.07	$79.43	$83.07
$82.00	$80.50	Sep 21	$0.03	$0.05	$0.08	$80.42	$82.08
$81.50	$81.00	Sep 18	$0.02	$0.05	$0.07	$80.93	$81.57
$83.00	$79.00	Sep 25	$0.05	$0.04	$0.09	$78.91	$83.09
$82.50	$79.50	Sep 23	$0.05	$0.04	$0.09	$79.41	$82.59
$83.50	$79.00	Sep 28	$0.04	$0.06	$0.10	$78.90	$83.60
$83.00	$80.00	Sep 23	$0.03	$0.08	$0.11	$79.89	$83.11
$83.00	$79.50	Sep 25	$0.05	$0.07	$0.12	$79.38	$83.12
$83.00	$79.00	Sep 28	$0.07	$0.06	$0.13	$78.87	$83.13

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 12 found (best R:R 1.08, 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	$0.26	$0.24	40%	1.08	$79.24	$82.76
80/80	82/82	Oct 2	$0.24	$0.26	41%	0.92	$79.76	$82.24
80/80	82/82	Oct 9	$0.27	$0.23	35%	1.17	$79.73	$82.27
80/80	82/83	Oct 9	$0.23	$0.27	42%	0.85	$79.77	$82.73
80/80	82/82	Sep 28	$0.23	$0.27	41%	0.85	$80.27	$82.23
77/78	83/84	Oct 30	$0.33	$0.67	56%	0.49	$77.67	$83.33
77/78	84/85	Oct 30	$0.23	$0.77	64%	0.30	$77.77	$84.23
78/79	83/84	Oct 30	$0.40	$0.60	47%	0.67	$78.60	$83.40
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

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 93 found (best R:R 2.33, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$81.00	$81.50	$82.00	Sep 18	$0.14	$0.36	67%	2.57
$79.00	$80.00	$81.00	Oct 16	$0.14	$0.86	35%	6.14
$80.50	$81.00	$81.50	Sep 21	$0.16	$0.34	60%	2.12
$78.00	$79.00	$80.00	Oct 16	$0.11	$0.89	27%	8.09
$79.00	$80.00	$81.00	Oct 30	$0.12	$0.88	28%	7.33

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$81.00	$81.50	$82.00	Sep 18	$0.15	$0.35	70%	2.33
$79.00	$80.00	$81.00	Sep 30	$0.16	$0.84	38%	5.25
$80.50	$81.00	$81.50	Sep 18	$0.31	$0.19	88%	0.61
$80.50	$81.00	$81.50	Sep 21	$0.15	$0.35	59%	2.33
$81.00	$81.50	$82.00	Sep 21	$0.12	$0.38	48%	3.17

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 138 found (best net $-1.22, 119 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$70.00	$75.00	1:2	Sep 25	-$1.22	$3.78
$70.00	$75.00	1:2	Sep 30	-$1.26	$3.74
$70.00	$75.00	1:2	Oct 30	-$1.38	$3.62
$73.00	$76.00	1:2	Oct 2	-$2.26	$0.74
$70.00	$74.00	1:2	Oct 16	-$3.28	$0.72

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$83.00	$82.00	1:2	Sep 30	-$0.30	$0.70
$82.00	$81.50	1:2	Sep 21	-$0.07	$0.43
$81.00	$80.00	1:2	Oct 16	-$0.19	$0.81
$82.00	$81.00	1:2	Oct 16	-$0.40	$0.60
$81.50	$81.00	1:2	Sep 23	-$0.06	$0.44

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 45 found (best yield 1.06%, avg 0.33%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$82.00	Oct 30	$0.86	0.37	1.1%	1.06%	2.16%	704	3.8K
$81.50	Oct 23	$0.91	0.42	0.5%	1.12%	1.60%	220	3.8K
$83.00	Oct 30	$0.53	0.27	2.3%	0.65%	2.98%	954	2.5K
$82.00	Oct 23	$0.70	0.36	1.1%	0.86%	1.96%	146	1.8K
$82.50	Oct 23	$0.54	0.29	1.7%	0.67%	2.38%	15	2.6K
$82.00	Oct 16	$0.58	0.34	1.1%	0.72%	1.81%	5.0K	90.1K
$83.00	Oct 23	$0.40	0.24	2.3%	0.49%	2.82%	80	26.4K
$84.00	Oct 30	$0.31	0.18	3.6%	0.38%	3.95%	153	3.3K
$81.50	Oct 9	$0.63	0.40	0.5%	0.78%	1.26%	29	7.8K
$83.50	Oct 23	$0.30	0.19	3.0%	0.37%	3.32%	6	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 88,412

Total Puts 133,593

Put/Call Ratio 1.51

Net Difference -45,181

Prior's Put/Call Breakdown

Total Calls 169,814

Total Puts 39,243

Put/Call Ratio 0.23

Net Difference 130,571

Prior 7-Day Put/Call Summary

Total Calls 3,110,868

Total Puts 1,898,516

Average Put/Call Ratio 0.62

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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