TLT - Options Database

TLT

iShares 20+ Year Treasury Bond ETF

$81.19 -0.73%

(9/18 12:01) ◀

Friday, September 18, 2026 (1:00pm)

▶ (9/18 14:00)

◀ 9/18 13:00 ▶

Option Volume

Detail

ℹ

Current (09/18 1:00pm) 305,355

Calls: 128,259 (42%)

Puts: 177,096 (58%)

Prior (09/17) 317,838

Calls: 250,716 (79%)

Puts: 67,122 (21%)

Current vs Prior -3.93%

Calls: -48.84% (Calls)

Puts: +163.84% (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 -57.33%

Calls: -71.14%

Puts: -34.70%

Sentiment BEARISH

Dollar Volume

Detail

ℹ

Current (09/18 1:00pm) $11.87M

Calls: $4.91M (41%)

Puts: $6.96M (59%)

Prior (09/17) $13.69M

Calls: $10.84M (79%)

Puts: $2.85M (21%)

Current vs Prior -13.33%

Calls: -54.74%

Puts: +144.17%

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 -78.95%

Calls: -83.09%

Puts: -74.58%

Sentiment BEARISH

Put/Call Ratio

Detail

ℹ

Current (09/18 1:00pm) 1.38

Prior (09/17) 0.27

Current vs Prior +415.75%

Prior 7-Day Average 0.62

Current vs Prior 7-Day Avg +122.28%

Sentiment BEARISH

Open Interest

Detail

ℹ

Current (09/18 1:00pm) 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 0.67% | 0.90%0.67% | 1.48%0.67% | 3.14%

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

Current vs Prior -25.49% | -15.48%-25.49% | -4.07%-25.49% | +0.73%

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

Current vs 7-Day Avg -40.46% | -39.83%-43.59% | -21.32%-50.18% | -11.58%

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

Current vs 7-Day Eod -25.49% | -15.48%-24.50% | -3.36%-24.50% | +1.86%

Sentiment BULLISHBULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 14.07% | 4.01%

Calls: 19.05% | 3.03%

Puts: 9.09% | 5.00%

Prior 5.13% | 3.35%

Calls: 6.82% | 3.92%

Puts: 3.45% | 2.78%

Current vs Prior +174.27% | +19.70%

Prior 7-Day Avg 4.99% | 3.18%

Calls: 4.27% | 3.18%

Puts: 5.71% | 3.18%

Current vs 7-Day Avg +181.88% | +26.03%

Liquidity Acceptable

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🤖 AI Insights

Bearish P/C ratio of 1.38 indicates protective positioning. P/C ratio rising 416% - 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
13:00	BEARISH	BEARISH	BEARISH
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

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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 314 of results (avg 3.1%, best 0.6%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$80.00	Oct 23	1.81	1.82	$1.82	0.5%	16	0.67	355
$80.00	Oct 16	1.68	1.69	$1.69	0.6%	1.5K	0.69	14.8K
$80.50	Oct 23	1.48	1.49	$1.49	0.7%	39	0.59	444
$70.00	Sep 18	11.15	11.25	$11.20	0.9%	29	1.00	259
$65.00	Sep 30	16.20	16.35	$16.27	0.9%	--	1.00	73

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$95.00	Oct 2	13.95	14.05	$14.00	0.7%	--	0.99	10
$81.00	Oct 30	1.12	1.13	$1.13	0.9%	38	0.51	3.3K
$92.00	Sep 18	10.75	10.85	$10.80	0.9%	15	1.00	4.6K
$97.00	Sep 18	15.75	15.90	$15.83	0.9%	23	1.00	--
$82.00	Sep 30	1.04	1.05	$1.05	1.0%	474	0.69	6.8K

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 127 found (avg $0.36, cheapest $0.21)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$81.00	Sep 18	0.19	0.23	$0.21	19.0%	4.4K	0.85	54.1K
$81.50	Sep 21	0.09	0.10	$0.10	10.0%	5.1K	0.28	2.9K
$81.00	Sep 21	0.32	0.33	$0.33	3.0%	1.5K	0.63	7.2K
$82.00	Sep 23	0.09	0.10	$0.10	10.0%	1.2K	0.19	3.1K
$81.50	Sep 23	0.23	0.24	$0.24	4.2%	1.4K	0.37	1.6K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$81.50	Sep 18	0.31	0.34	$0.33	9.1%	8.2K	0.90	11.3K
$81.00	Sep 21	0.13	0.14	$0.14	7.1%	2.4K	0.38	3.1K
$80.00	Sep 23	0.05	0.06	$0.06	16.7%	429	0.11	2.2K
$81.50	Sep 21	0.39	0.41	$0.40	5.0%	1.7K	0.72	1.4K
$80.50	Sep 23	0.12	0.13	$0.13	7.7%	439	0.23	1.6K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 240 found (avg delta 0.90, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$72.00	Sep 21	9.10	9.30	$9.20	2.2%	--	1.00	70
$74.00	Sep 21	7.10	7.30	$7.20	2.8%	--	1.00	70
$76.00	Sep 21	5.15	5.30	$5.23	2.9%	--	1.00	30
$77.00	Sep 21	4.15	4.30	$4.22	3.6%	2	1.00	2
$78.00	Sep 21	3.15	3.30	$3.22	4.7%	--	1.00	95

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.50	Sep 18	1.26	1.33	$1.30	5.4%	119	1.00	3.1K
$83.00	Sep 18	1.75	1.84	$1.80	5.0%	89	1.00	8.7K
$83.50	Sep 18	2.25	2.34	$2.30	3.9%	10	1.00	500
$84.00	Sep 18	2.75	2.83	$2.79	2.9%	2.0K	1.00	3.9K
$84.50	Sep 18	3.25	3.35	$3.30	3.0%	8	1.00	2

Most actively traded options today. High liquidity = easy entry/exit. 376 active (total vol 304.7K, top 35.6K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$83.00	Oct 16	0.31	0.32	$0.32	3.1%	18.2K	0.22	206.8K
$82.00	Sep 25	0.17	0.18	$0.18	5.6%	11.2K	0.25	15.3K
$82.00	Sep 30	0.32	0.33	$0.33	3.0%	8.7K	0.31	62.2K
$81.50	Sep 18	0.01	0.02	$0.02	50.0%	7.8K	0.12	40.3K
$82.00	Oct 16	0.59	0.60	$0.60	1.7%	5.9K	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%	35.6K	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	0.01	0.02	$0.02	50.0%	29.1K	0.15	69.5K
$81.50	Sep 18	0.31	0.34	$0.33	9.1%	8.2K	0.90	11.3K
$78.00	Oct 16	0.17	0.18	$0.18	5.6%	8.1K	0.13	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 26.3%, max 26.3%)

CALLS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$81.00	Sep 18	Oct 30	12.2%	9.6%	26.3%	4.9K	55.7K

PUTS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$81.00	Sep 18	Oct 30	12.2%	9.6%	26.3%	29.2K	72.8K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 75 found (best R:R 1.63, avg 2.14)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$81.00	$81.50	Sep 18	$0.19	$0.31	$0.19	85%	1.63	$81.19
$80.50	$81.00	Sep 28	$0.33	$0.17	$0.33	71%	0.52	$80.83
$84.00	$85.00	Oct 30	$0.13	$0.87	$0.13	18%	6.69	$84.13
$82.50	$83.00	Oct 9	$0.10	$0.40	$0.10	24%	4.00	$82.60
$81.00	$81.50	Sep 25	$0.25	$0.25	$0.25	57%	1.00	$81.25

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$81.00	$80.00	Oct 16	$0.38	$0.62	$0.38	52%	1.63	$80.62
$82.00	$81.00	Oct 30	$0.54	$0.46	$0.54	62%	0.85	$81.46
$82.00	$81.00	Oct 16	$0.57	$0.43	$0.57	66%	0.75	$81.43
$81.00	$80.00	Oct 30	$0.40	$0.60	$0.40	51%	1.50	$80.60
$80.00	$79.50	Oct 23	$0.13	$0.37	$0.13	36%	2.85	$79.87

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 43 found (best R:R 0.27, avg 0.41)

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 23	$0.22	$0.22	$0.28	57%	0.79	$81.72
$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	$80.00	Sep 30	$0.30	$0.30	$0.70	55%	0.43	$80.70
$81.00	$80.50	Sep 21	$0.10	$0.10	$0.40	62%	0.25	$80.90
$80.50	$80.00	Sep 25	$0.10	$0.10	$0.40	73%	0.25	$80.40
$80.50	$80.00	Oct 2	$0.16	$0.16	$0.34	61%	0.47	$80.34

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. 197 found (cheapest 0.28% of stock, avg 4.18%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$81.00	Sep 18	$0.21	$0.02	$0.23	$80.77	$81.23	0.28%
$81.50	Sep 18	$0.02	$0.33	$0.35	$81.15	$81.85	0.43%
$81.00	Sep 21	$0.33	$0.14	$0.47	$80.53	$81.47	0.58%
$81.50	Sep 21	$0.10	$0.40	$0.50	$81.00	$82.00	0.62%
$80.50	Sep 18	$0.71	$0.01	$0.72	$79.78	$81.22	0.89%
$81.00	Sep 23	$0.49	$0.27	$0.76	$80.24	$81.76	0.94%
$81.50	Sep 23	$0.24	$0.53	$0.77	$80.73	$82.27	0.95%
$80.50	Sep 21	$0.74	$0.04	$0.78	$79.72	$81.28	0.96%
$82.00	Sep 18	$0.01	$0.82	$0.83	$81.17	$82.83	1.02%
$82.00	Sep 21	$0.02	$0.81	$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 0.05% of stock, avg 0.82%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$81.50	$81.00	Sep 18	$0.02	$0.02	$0.04	$80.96	$81.54
$82.00	$80.50	Sep 21	$0.02	$0.04	$0.06	$80.44	$82.06
$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. 14 found (best R:R 1.08, avg credit $0.31)

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	41%	1.08	$79.24	$82.76
80/80	82/82	Oct 2	$0.24	$0.26	42%	0.92	$79.76	$82.24
80/80	82/82	Oct 9	$0.26	$0.24	36%	1.08	$79.74	$82.26
80/80	82/83	Oct 9	$0.22	$0.28	43%	0.79	$79.78	$82.72
80/80	82/82	Sep 28	$0.21	$0.29	43%	0.72	$80.29	$82.21
77/78	84/85	Oct 30	$0.24	$0.76	65%	0.32	$77.76	$84.24
77/78	83/84	Oct 30	$0.32	$0.68	56%	0.47	$77.68	$83.32
78/79	84/85	Oct 30	$0.30	$0.70	56%	0.43	$78.70	$84.30
78/79	83/84	Oct 30	$0.38	$0.62	47%	0.61	$78.62	$83.38
78/79	82/83	Oct 16	$0.41	$0.59	44%	0.69	$78.59	$82.41

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 98 found (best R:R 1.78, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$81.00	$81.50	$82.00	Sep 18	$0.18	$0.32	82%	1.78
$79.00	$80.00	$81.00	Oct 16	$0.15	$0.85	35%	5.67
$78.00	$79.00	$80.00	Oct 30	$0.08	$0.92	23%	11.50
$78.00	$79.00	$80.00	Oct 16	$0.11	$0.89	26%	8.09
$81.00	$81.50	$82.00	Sep 21	$0.15	$0.35	56%	2.33

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$81.00	$81.50	$82.00	Sep 18	$0.18	$0.32	82%	1.78
$65.00	$70.00	$75.00	Oct 30	$0.06	$4.94	5%	82.33
$80.50	$81.00	$81.50	Sep 18	$0.30	$0.20	86%	0.67
$80.00	$81.00	$82.00	Sep 30	$0.26	$0.74	48%	2.85
$80.50	$81.00	$81.50	Sep 21	$0.16	$0.34	60%	2.13

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 131 found (best net $-1.33, 112 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	Sep 25	-$1.33	$3.67
$70.00	$75.00	1:2	Oct 30	-$1.43	$3.57
$70.00	$74.00	1:2	Oct 16	-$3.29	$0.71
$80.00	$81.00	1:2	Sep 30	-$0.05	$0.95

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$83.00	$82.00	1:2	Sep 30	-$0.24	$0.76
$82.00	$81.00	1:2	Oct 16	-$0.36	$0.64
$81.00	$80.00	1:2	Oct 16	-$0.17	$0.83
$84.00	$83.00	1:2	Sep 23	-$0.80	$0.20
$82.50	$82.00	1:2	Sep 21	-$0.30	$0.20

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 45 found (best yield 1.07%, avg 0.34%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$82.00	Oct 30	$0.87	0.38	1.0%	1.07%	2.07%	1.2K	3.8K
$81.50	Oct 23	$0.94	0.43	0.4%	1.16%	1.54%	226	3.8K
$82.00	Oct 23	$0.72	0.36	1.0%	0.89%	1.88%	157	1.8K
$83.00	Oct 30	$0.53	0.27	2.2%	0.65%	2.88%	985	2.5K
$82.50	Oct 23	$0.55	0.30	1.6%	0.68%	2.29%	19	2.6K
$82.00	Oct 16	$0.59	0.35	1.0%	0.73%	1.72%	5.9K	90.1K
$83.00	Oct 23	$0.41	0.24	2.2%	0.50%	2.73%	115	26.4K
$84.00	Oct 30	$0.32	0.18	3.5%	0.39%	3.86%	178	3.3K
$81.50	Oct 9	$0.65	0.41	0.4%	0.80%	1.18%	38	7.8K
$83.50	Oct 23	$0.31	0.20	2.9%	0.38%	3.23%	62	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 128,259

Total Puts 177,096

Put/Call Ratio 1.38

Net Difference -48,837

Prior's Put/Call Breakdown

Total Calls 250,716

Total Puts 67,122

Put/Call Ratio 0.27

Net Difference 183,594

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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