TLT - Options Database

TLT

iShares 20+ Year Treasury Bond ETF

$81.21 -0.70%

(9/18 11:00) ◀

Friday, September 18, 2026 (12:00pm)

▶ (9/18 13:00)

◀ 9/18 12:01 ▶

Option Volume

Detail

ℹ

Current (09/18 12:00pm) 273,686

Calls: 107,880 (39%)

Puts: 165,806 (61%)

Prior (09/17) 256,310

Calls: 203,819 (80%)

Puts: 52,491 (20%)

Current vs Prior +6.78%

Calls: -47.07% (Calls)

Puts: +215.88% (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 -61.76%

Calls: -75.73%

Puts: -38.87%

Sentiment BEARISH

Dollar Volume

Detail

ℹ

Current (09/18 12:00pm) $10.22M

Calls: $4.05M (40%)

Puts: $6.17M (60%)

Prior (09/17) $10.48M

Calls: $8.61M (82%)

Puts: $1.87M (18%)

Current vs Prior -2.48%

Calls: -52.93%

Puts: +230.21%

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 -81.88%

Calls: -86.03%

Puts: -77.48%

Sentiment BEARISH

Put/Call Ratio

Detail

ℹ

Current (09/18 12:00pm) 1.54

Prior (09/17) 0.26

Current vs Prior +496.79%

Prior 7-Day Average 0.62

Current vs Prior 7-Day Avg +147.41%

Sentiment BEARISH

Open Interest

Detail

ℹ

Current (09/18 12:00pm) 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 0.65% | 0.91%0.65% | 1.50%0.65% | 3.15%

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

Current vs Prior -26.89% | -14.35%-26.89% | -2.49%-26.89% | +1.10%

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

Current vs 7-Day Avg -41.58% | -39.02%-44.65% | -20.03%-51.12% | -11.26%

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

Current vs 7-Day Eod -26.89% | -14.35%-25.92% | -1.77%-25.92% | +2.24%

Sentiment BULLISHBULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 11.02% | 5.42%

Calls: 8.70% | 5.71%

Puts: 13.33% | 5.13%

Prior 5.13% | 3.35%

Calls: 6.82% | 3.92%

Puts: 3.45% | 2.78%

Current vs Prior +114.81% | +61.79%

Prior 7-Day Avg 4.99% | 3.18%

Calls: 4.27% | 3.18%

Puts: 5.71% | 3.18%

Current vs 7-Day Avg +120.78% | +70.35%

Liquidity Pricy

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Moderately bearish flow with 60% put dollar volume ($6.17M). Extreme bearish P/C ratio of 1.54 - heavy put buying. P/C ratio rising 497% - 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
12:00	BEARISH	BEARISH	BEARISH
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

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High Delta

⚖️

Ratio Spreads

🛡️

Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 316 of results (avg 3.2%, best 0.6%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$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 23	1.20	1.21	$1.21	0.8%	600	0.50	1.2K
$70.00	Sep 30	11.25	11.35	$11.30	0.9%	--	1.00	185
$70.00	Oct 2	11.25	11.35	$11.30	0.9%	--	1.00	191

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$97.00	Oct 16	15.90	16.05	$15.98	0.9%	--	0.99	121
$97.00	Sep 18	15.70	15.85	$15.77	1.0%	23	1.00	--
$91.00	Oct 2	9.95	10.05	$10.00	1.0%	--	0.99	13
$96.00	Oct 16	14.90	15.05	$14.98	1.0%	--	0.99	86
$96.00	Sep 18	14.70	14.85	$14.77	1.0%	23	1.00	--

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 125 found (avg $0.35, cheapest $0.23)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$81.00	Sep 18	0.22	0.24	$0.23	8.7%	3.1K	0.81	54.1K
$81.50	Sep 21	0.10	0.11	$0.11	9.1%	3.9K	0.29	2.9K
$81.00	Sep 21	0.34	0.36	$0.35	5.7%	1.3K	0.64	7.2K
$82.00	Sep 23	0.10	0.11	$0.11	9.1%	1.2K	0.20	3.1K
$81.50	Sep 23	0.24	0.26	$0.25	8.0%	1.4K	0.38	1.6K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$81.50	Sep 18	0.28	0.32	$0.30	13.3%	8.0K	0.88	11.3K
$81.00	Sep 21	0.13	0.14	$0.14	7.1%	2.3K	0.36	3.1K
$80.00	Sep 23	0.05	0.06	$0.06	16.7%	379	0.11	2.2K
$81.50	Sep 21	0.38	0.40	$0.39	5.1%	1.7K	0.71	1.4K
$80.50	Sep 23	0.12	0.13	$0.13	7.7%	235	0.23	1.6K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 241 found (avg delta 0.90, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$70.00	Sep 18	11.15	11.25	$11.20	0.9%	8	1.00	259
$71.00	Sep 18	10.15	10.30	$10.23	1.5%	8	1.00	28
$72.00	Sep 18	9.15	9.30	$9.23	1.6%	15	1.00	31
$73.00	Sep 18	8.15	8.30	$8.23	1.8%	15	1.00	344
$74.00	Sep 18	7.15	7.30	$7.23	2.1%	16	1.00	87

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$96.00	Sep 18	14.70	14.85	$14.77	1.0%	23	1.00	--
$97.00	Sep 18	15.70	15.85	$15.77	1.0%	23	1.00	--
$92.00	Sep 18	10.70	10.85	$10.77	1.4%	15	1.00	4.6K
$93.00	Sep 18	11.70	11.85	$11.77	1.3%	8	1.00	15
$94.00	Sep 18	12.70	12.85	$12.77	1.2%	3	1.00	--

Most actively traded options today. High liquidity = easy entry/exit. 355 active (total vol 273.1K, top 35.5K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$83.00	Oct 16	0.32	0.33	$0.33	3.0%	16.1K	0.22	206.8K
$82.00	Sep 30	0.32	0.33	$0.33	3.0%	8.3K	0.31	62.2K
$81.50	Sep 18	0.01	0.02	$0.02	50.0%	7.5K	0.12	40.3K
$82.00	Sep 25	0.19	0.20	$0.20	5.0%	7.4K	0.26	15.3K
$82.00	Oct 16	0.60	0.61	$0.61	1.6%	5.3K	0.35	90.1K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$77.00	Oct 16	0.10	0.11	$0.11	9.1%	35.5K	0.08	75.4K
$79.00	Oct 16	0.30	0.31	$0.31	3.2%	34.0K	0.21	123.2K
$81.00	Sep 18	0.02	0.03	$0.03	33.3%	28.0K	0.19	69.5K
$78.00	Oct 16	0.17	0.18	$0.18	5.6%	8.1K	0.13	19.8K
$81.50	Sep 18	0.28	0.32	$0.30	13.3%	8.0K	0.88	11.3K

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 37.2%, max 37.2%)

CALLS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$81.00	Sep 18	Oct 30	13.2%	9.6%	37.2%	3.5K	55.7K

PUTS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$81.00	Sep 18	Oct 30	13.2%	9.6%	37.2%	28.1K	72.8K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 77 found (best R:R 1.56, avg 2.14)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$80.50	$81.00	Sep 28	$0.33	$0.17	$0.33	72%	0.52	$80.83
$82.50	$83.00	Oct 23	$0.13	$0.37	$0.13	30%	2.85	$82.63
$84.00	$85.00	Oct 30	$0.13	$0.87	$0.13	18%	6.69	$84.13
$81.00	$81.50	Sep 25	$0.25	$0.25	$0.25	58%	1.00	$81.25
$81.00	$81.50	Sep 18	$0.21	$0.29	$0.21	81%	1.38	$81.21

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	51%	1.56	$80.61
$82.00	$81.00	Oct 16	$0.56	$0.44	$0.56	65%	0.79	$81.44
$82.00	$81.00	Sep 30	$0.55	$0.45	$0.55	69%	0.82	$81.45
$82.00	$81.00	Oct 30	$0.54	$0.46	$0.54	62%	0.85	$81.46
$79.00	$78.00	Oct 30	$0.16	$0.84	$0.16	25%	5.25	$78.84

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 44 found (best R:R 0.27, avg 0.40)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$82.00	$83.00	Sep 30	$0.21	$0.21	$0.79	69%	0.27	$82.21
$82.00	$83.00	Oct 30	$0.34	$0.34	$0.66	62%	0.52	$82.34
$82.00	$83.00	Oct 16	$0.28	$0.28	$0.72	65%	0.39	$82.28
$81.50	$82.00	Oct 2	$0.19	$0.19	$0.31	59%	0.61	$81.69
$81.50	$82.00	Oct 9	$0.20	$0.20	$0.30	59%	0.67	$81.70

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$80.00	$79.00	Sep 30	$0.12	$0.12	$0.88	79%	0.14	$79.88
$81.00	$80.50	Sep 21	$0.10	$0.10	$0.40	64%	0.25	$80.90
$81.00	$80.00	Sep 30	$0.29	$0.29	$0.71	56%	0.41	$80.71
$81.00	$80.50	Sep 25	$0.16	$0.16	$0.34	58%	0.47	$80.84
$81.00	$80.50	Sep 28	$0.17	$0.17	$0.33	57%	0.52	$80.83

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. 196 found (cheapest 0.32% of stock, avg 4.17%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$81.00	Sep 18	$0.23	$0.03	$0.26	$80.74	$81.26	0.32%
$81.50	Sep 18	$0.02	$0.30	$0.32	$81.18	$81.82	0.39%
$81.00	Sep 21	$0.35	$0.14	$0.49	$80.51	$81.49	0.60%
$81.50	Sep 21	$0.11	$0.39	$0.50	$81.00	$82.00	0.62%
$80.50	Sep 18	$0.73	$0.01	$0.74	$79.76	$81.24	0.91%
$81.00	Sep 23	$0.50	$0.27	$0.77	$80.23	$81.77	0.95%
$81.50	Sep 23	$0.25	$0.52	$0.77	$80.73	$82.27	0.95%
$80.50	Sep 21	$0.76	$0.04	$0.80	$79.70	$81.30	0.99%
$82.00	Sep 18	$0.01	$0.81	$0.82	$81.18	$82.82	1.01%
$82.00	Sep 21	$0.03	$0.80	$0.83	$81.17	$82.83	1.02%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 187 found (cheapest 0.06% of stock, avg 0.75%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$81.50	$81.00	Sep 18	$0.02	$0.03	$0.05	$80.95	$81.55
$82.00	$80.50	Sep 21	$0.03	$0.04	$0.07	$80.43	$82.07
$82.50	$79.50	Sep 23	$0.05	$0.03	$0.08	$79.42	$82.58
$83.50	$79.00	Sep 28	$0.04	$0.05	$0.09	$78.91	$83.59
$83.00	$79.50	Sep 25	$0.05	$0.05	$0.10	$79.40	$83.10
$82.50	$80.00	Sep 23	$0.05	$0.06	$0.11	$79.89	$82.61
$84.00	$79.00	Sep 30	$0.05	$0.07	$0.12	$78.88	$84.12
$83.00	$79.00	Sep 28	$0.07	$0.05	$0.12	$78.88	$83.12
$83.50	$79.50	Sep 28	$0.04	$0.08	$0.12	$79.38	$83.62
$83.00	$79.50	Sep 28	$0.07	$0.08	$0.15	$79.35	$83.15

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 15 found (best R:R 0.79, avg credit $0.30)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
79/80	83/84	Oct 23	$0.22	$0.28	46%	0.79	$79.28	$83.22
80/80	82/82	Oct 2	$0.24	$0.26	42%	0.92	$79.76	$82.24
80/80	82/83	Oct 9	$0.23	$0.27	43%	0.85	$79.77	$82.73
79/80	82/83	Oct 23	$0.24	$0.26	40%	0.92	$79.26	$82.74
80/80	82/82	Oct 9	$0.26	$0.24	35%	1.08	$79.74	$82.26
80/80	82/82	Sep 28	$0.21	$0.29	43%	0.72	$80.29	$82.21
77/78	83/84	Oct 30	$0.33	$0.67	56%	0.49	$77.67	$83.33
77/78	84/85	Oct 30	$0.24	$0.76	65%	0.32	$77.76	$84.24
78/79	83/84	Oct 30	$0.38	$0.62	47%	0.61	$78.62	$83.38
78/79	84/85	Oct 30	$0.29	$0.71	56%	0.41	$78.71	$84.29

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 99 found (best R:R 1.50, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$81.00	$81.50	$82.00	Sep 18	$0.20	$0.30	78%	1.50
$78.00	$79.00	$80.00	Oct 16	$0.10	$0.90	26%	9.00
$78.00	$79.00	$80.00	Oct 30	$0.08	$0.92	22%	11.50
$80.00	$81.00	$82.00	Sep 30	$0.26	$0.74	48%	2.85
$80.50	$81.00	$81.50	Sep 18	$0.29	$0.21	83%	0.72

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$80.50	$81.00	$81.50	Sep 18	$0.25	$0.25	84%	1.00
$65.00	$70.00	$75.00	Oct 30	$0.06	$4.94	5%	82.33
$81.00	$81.50	$82.00	Sep 18	$0.24	$0.26	78%	1.08
$80.50	$81.00	$81.50	Sep 21	$0.15	$0.35	58%	2.33
$80.00	$81.00	$82.00	Sep 30	$0.26	$0.74	47%	2.85

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 133 found (best net $-1.30, 114 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$70.00	$75.00	1:2	Sep 30	-$1.30	$3.70
$70.00	$75.00	1:2	Sep 25	-$1.29	$3.71
$70.00	$75.00	1:2	Oct 30	-$1.40	$3.60
$70.00	$74.00	1:2	Oct 16	-$3.30	$0.70
$80.00	$81.00	1:2	Sep 30	-$0.07	$0.93

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$83.00	$82.00	1:2	Sep 30	-$0.22	$0.78
$81.00	$80.00	1:2	Oct 16	-$0.15	$0.85
$82.00	$81.00	1:2	Oct 16	-$0.37	$0.63
$84.00	$83.00	1:2	Sep 23	-$0.79	$0.21
$82.50	$82.00	1:2	Sep 18	-$0.31	$0.19

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 45 found (best yield 1.08%, avg 0.34%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$82.00	Oct 30	$0.88	0.38	1.0%	1.08%	2.06%	1.2K	3.8K
$81.50	Oct 23	$0.94	0.43	0.4%	1.16%	1.51%	226	3.8K
$82.00	Oct 23	$0.73	0.37	1.0%	0.90%	1.87%	156	1.8K
$83.00	Oct 30	$0.54	0.27	2.2%	0.66%	2.87%	976	2.5K
$82.50	Oct 23	$0.56	0.30	1.6%	0.69%	2.28%	15	2.6K
$82.00	Oct 16	$0.60	0.35	1.0%	0.74%	1.71%	5.3K	90.1K
$83.00	Oct 23	$0.42	0.25	2.2%	0.52%	2.72%	95	26.4K
$84.00	Oct 30	$0.32	0.18	3.4%	0.39%	3.83%	159	3.3K
$81.50	Oct 9	$0.66	0.41	0.4%	0.81%	1.17%	37	7.8K
$83.50	Oct 23	$0.31	0.20	2.8%	0.38%	3.20%	58	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 107,880

Total Puts 165,806

Put/Call Ratio 1.54

Net Difference -57,926

Prior's Put/Call Breakdown

Total Calls 203,819

Total Puts 52,491

Put/Call Ratio 0.26

Net Difference 151,328

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

🤖 AI Insights

📈 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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