TLT - Options Database

TLT

iShares 20+ Year Treasury Bond ETF

$81.83 +0.04%

(9/21 19:06) ◀

Tuesday, September 22, 2026 (10:00am)

▶ (9/22 11:00)

◀ 9/22 10:00 ▶

Option Volume

Detail

ℹ

Current (09/22 10:00am) 21,401

Calls: 11,959 (56%)

Puts: 9,442 (44%)

Prior (09/18) 59,956

Calls: 34,869 (58%)

Puts: 25,087 (42%)

Current vs Prior -64.31%

Calls: -65.70% (Calls)

Puts: -62.36% (Puts)

Prior 7-Day Total 4,807,375

Calls: 2,894,012 (60%)

Puts: 1,913,363 (40%)

Prior 7-Day Average 686,767

Calls: 413,430 (60%)

Puts: 273,337 (40%)

Current vs Prior 7-Day Avg -96.88%

Calls: -97.11%

Puts: -96.55%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (09/22 10:00am) $779.7K

Calls: $537.0K (69%)

Puts: $242.6K (31%)

Prior (09/18) $2.60M

Calls: $1.09M (42%)

Puts: $1.52M (58%)

Current vs Prior -70.05%

Calls: -50.64%

Puts: -83.99%

Prior 7-Day Total $383.53M

Calls: $201.25M (52%)

Puts: $182.27M (48%)

Prior 7-Day Average $54.79M

Calls: $28.75M (52%)

Puts: $26.04M (48%)

Current vs Prior 7-Day Avg -98.58%

Calls: -98.13%

Puts: -99.07%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (09/22 10:00am) 0.79

Prior (09/18) 0.72

Current vs Prior +9.74%

Prior 7-Day Average 0.67

Current vs Prior 7-Day Avg +18.00%

Sentiment NEUTRAL

Open Interest

Detail

ℹ

Current (09/22 10:00am) 2,729,840

Calls: 1,811,446 (66%)

Puts: 918,394 (34%)

Prior (09/18) 4,307,168

Calls: 2,809,593 (65%)

Puts: 1,497,575 (35%)

Current vs Prior -36.62%

Prior 7-Day Total 28,617,754

Calls: 17,850,642 (62%)

Puts: 10,767,112 (38%)

Prior 7-Day Average 4,088,250

Calls: 2,550,091 (62%)

Puts: 1,538,158 (38%)

Current vs Prior 7-Day Avg -33.23%

Sentiment BEARISH

Expected Move

Detail

ℹ

3DTEWKMO Expiry (09/23) | Next (09/25)Expiry (09/25) | Next (10/02)Expiry (10/16) | Next (11/20)

Current 0.97% | 1.27%1.27% | 1.96%2.59% | 4.37%

Prior 0.89% | 1.23%0.65% | 1.49%0.65% | 3.19%

Current vs Prior +8.94% | +3.26%+94.83% | +31.30%+297.16% | +37.24%

Prior 7-Day Avg 1.08% | 1.42%1.11% | 1.84%1.15% | 3.51%

Current vs 7-Day Avg -10.56% | -10.72%+14.71% | +6.08%+125.55% | +24.79%

Prior 7-Day Eod 0.89% | 1.23%1.32% | 2.00%0.62% | 2.64%

Current vs 7-Day Eod +8.94% | +3.26%-3.74% | -2.47%+315.51% | +65.68%

Sentiment BEARISHBEARISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 3.69% | 1.97%

Calls: 4.35% | 1.67%

Puts: 3.03% | 2.27%

Prior 2.79% | 2.01%

Calls: 2.63% | 1.89%

Puts: 2.94% | 2.13%

Current vs Prior +32.26% | -1.99%

Prior 7-Day Avg 4.93% | 3.07%

Calls: 4.03% | 2.93%

Puts: 5.83% | 3.22%

Current vs 7-Day Avg -25.17% | -35.93%

Liquidity Good

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🤖 AI Insights

Moderately bullish flow with 69% call dollar volume ($537.0K). Light premium activity with dollar volume down 70% vs prior. Below-average activity with volume down 64% vs prior. Call-heavy open interest (1,811,446 calls vs 918,394 puts) suggests bullish positioning.

Smart Money BULLISH

Retail Flow BULLISH

Overall BULLISH

Dollar Volume

Option Volume

Put/Call Ratio

Open Interest

Expected Move

Current BULLISH

Prior BEARISH

7-Day Avg BULLISH

Current BULLISH

Prior BULLISH

7-Day Avg NEUTRAL

Current NEUTRAL

Prior NEUTRAL

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	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 273 of results (avg 3.0%, best 0.6%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$81.00	Oct 30	1.66	1.67	$1.67	0.6%	1	0.60	1.5K
$68.00	Sep 23	13.80	13.90	$13.85	0.7%	8	1.00	18
$81.00	Oct 16	1.35	1.36	$1.36	0.7%	36	0.64	30.0K
$70.00	Sep 30	11.85	11.95	$11.90	0.8%	--	1.00	185
$70.00	Oct 2	11.85	11.95	$11.90	0.8%	--	1.00	191

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$95.00	Oct 2	13.35	13.45	$13.40	0.7%	--	0.99	10
$82.00	Oct 16	1.06	1.07	$1.07	0.9%	16	0.57	37.0K
$92.00	Oct 9	10.35	10.45	$10.40	1.0%	--	0.99	46
$96.00	Oct 16	14.30	14.45	$14.38	1.0%	--	0.99	86
$91.00	Oct 2	9.35	9.45	$9.40	1.1%	--	0.99	13

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 130 found (avg $0.31, cheapest $0.12)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.00	Sep 23	0.17	0.18	$0.18	5.6%	717	0.40	9.7K
$83.00	Sep 25	0.06	0.07	$0.07	14.3%	97	0.13	18.9K
$82.50	Sep 25	0.14	0.15	$0.15	6.7%	324	0.25	11.3K
$83.00	Sep 28	0.08	0.09	$0.09	11.1%	--	0.15	1.3K
$81.50	Sep 23	0.45	0.47	$0.46	4.3%	507	0.71	3.5K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$81.50	Sep 23	0.11	0.12	$0.12	8.3%	689	0.29	3.1K
$82.00	Sep 23	0.32	0.33	$0.33	3.0%	220	0.60	2.4K
$81.00	Sep 25	0.10	0.11	$0.11	9.1%	62	0.19	41.0K
$80.50	Sep 28	0.06	0.07	$0.07	14.3%	3	0.12	1.2K
$81.00	Sep 28	0.13	0.14	$0.14	7.1%	1	0.22	2.1K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 191 found (avg delta 0.89, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$76.00	Sep 28	5.80	5.95	$5.88	2.6%	--	1.00	29
$79.00	Sep 28	2.85	2.93	$2.89	2.8%	--	1.00	19
$70.00	Sep 30	11.85	11.95	$11.90	0.8%	--	1.00	185
$75.00	Sep 30	6.85	6.95	$6.90	1.4%	--	1.00	134
$76.00	Sep 30	5.85	5.95	$5.90	1.7%	--	1.00	110

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$83.50	Sep 23	1.63	1.72	$1.67	5.4%	2	1.00	--
$95.00	Oct 2	13.35	13.45	$13.40	0.7%	--	0.99	10
$97.00	Oct 16	15.30	15.50	$15.40	1.3%	--	0.99	121
$98.00	Oct 16	16.30	16.50	$16.40	1.2%	--	0.99	114
$87.00	Sep 30	5.10	5.25	$5.18	2.9%	--	0.99	22

Most actively traded options today. High liquidity = easy entry/exit. 219 active (total vol 21.4K, top 3.3K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$88.00	Oct 16	0.03	0.04	$0.04	25.0%	1.7K	0.03	50.8K
$86.50	Oct 9	0.03	0.04	$0.04	25.0%	1.6K	0.03	10.5K
$83.00	Oct 16	0.41	0.42	$0.42	2.4%	807	0.28	205.9K
$82.00	Sep 23	0.17	0.18	$0.18	5.6%	717	0.40	9.7K
$82.50	Sep 23	0.04	0.05	$0.05	20.0%	640	0.14	1.6K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$79.50	Oct 5	0.09	0.10	$0.10	10.0%	3.3K	0.11	--
$80.00	Oct 30	0.50	0.51	$0.51	2.0%	777	0.29	19.0K
$81.50	Sep 23	0.11	0.12	$0.12	8.3%	689	0.29	3.1K
$80.50	Oct 2	0.22	0.23	$0.23	4.3%	505	0.24	1.8K
$79.50	Oct 2	0.07	0.08	$0.08	12.5%	500	0.10	1.4K

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 19.6%, max 36.2%)

CALLS (2)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$81.50	Sep 23	Oct 23	13.0%	9.6%	36.2%	519	7.4K
$82.00	Sep 23	Oct 30	12.9%	12.5%	3.0%	733	13.5K

PUTS (2)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$81.50	Sep 23	Oct 23	13.0%	9.6%	36.2%	711	3.9K
$82.00	Sep 23	Oct 30	12.9%	12.5%	3.0%	303	6.3K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 69 found (best R:R 1.22, avg 2.23)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$81.50	$82.00	Sep 23	$0.28	$0.22	$0.28	71%	0.79	$81.78
$81.00	$82.00	Sep 30	$0.63	$0.37	$0.63	74%	0.59	$81.63
$83.50	$84.00	Oct 23	$0.10	$0.40	$0.10	24%	4.00	$83.60
$82.50	$83.00	Oct 16	$0.15	$0.35	$0.15	36%	2.33	$82.65
$81.50	$82.00	Sep 25	$0.28	$0.22	$0.28	65%	0.79	$81.78

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$82.00	$81.00	Oct 30	$0.45	$0.55	$0.45	55%	1.22	$81.55
$81.00	$80.00	Oct 30	$0.30	$0.70	$0.30	42%	2.33	$80.70
$81.50	$81.00	Oct 23	$0.20	$0.30	$0.20	49%	1.50	$81.30
$81.00	$80.50	Oct 23	$0.16	$0.34	$0.16	41%	2.13	$80.84
$81.50	$81.00	Oct 16	$0.20	$0.30	$0.20	49%	1.50	$81.30

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 42 found (best R:R 0.47, avg 0.41)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$82.00	$83.00	Sep 30	$0.32	$0.32	$0.68	55%	0.47	$82.32
$82.00	$83.00	Oct 30	$0.42	$0.42	$0.58	55%	0.72	$82.42
$82.00	$82.50	Oct 2	$0.20	$0.20	$0.30	58%	0.67	$82.20
$82.00	$82.50	Sep 23	$0.13	$0.13	$0.37	60%	0.35	$82.13
$83.00	$84.00	Sep 30	$0.11	$0.11	$0.89	80%	0.12	$83.11

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$81.00	$80.00	Sep 30	$0.14	$0.14	$0.86	74%	0.16	$80.86
$81.00	$80.00	Oct 7	$0.25	$0.25	$0.75	63%	0.33	$80.75
$80.00	$79.00	Oct 7	$0.11	$0.11	$0.89	81%	0.12	$79.89
$81.00	$80.50	Oct 2	$0.14	$0.14	$0.36	65%	0.39	$80.86
$80.50	$80.00	Oct 5	$0.10	$0.10	$0.40	74%	0.25	$80.40

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $0.12, cheapest $0.11)

CALLS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$82.00	Sep 23	Sep 25	$0.14	12.9%	12.5%

PUTS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$82.00	Sep 23	Sep 25	$0.11	12.9%	12.5%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 162 found (cheapest 0.62% of stock, avg 4.23%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$82.00	Sep 23	$0.18	$0.33	$0.51	$81.49	$82.51	0.62%
$81.50	Sep 23	$0.46	$0.12	$0.58	$80.92	$82.08	0.71%
$82.50	Sep 23	$0.05	$0.71	$0.76	$81.74	$83.26	0.93%
$82.00	Sep 25	$0.32	$0.44	$0.76	$81.24	$82.76	0.93%
$81.50	Sep 25	$0.60	$0.23	$0.83	$80.67	$82.33	1.01%
$82.00	Sep 28	$0.37	$0.49	$0.86	$81.14	$82.86	1.05%
$81.00	Sep 23	$0.88	$0.04	$0.92	$80.08	$81.92	1.12%
$81.50	Sep 28	$0.65	$0.27	$0.92	$80.58	$82.42	1.12%
$82.50	Sep 25	$0.15	$0.78	$0.93	$81.57	$83.43	1.14%
$82.50	Sep 28	$0.19	$0.81	$1.00	$81.50	$83.50	1.22%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 193 found (cheapest 0.07% of stock, avg 0.81%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$83.50	$80.00	Sep 25	$0.03	$0.03	$0.06	$79.94	$83.56
$83.00	$81.00	Sep 23	$0.02	$0.04	$0.06	$80.94	$83.06
$83.50	$80.50	Sep 25	$0.03	$0.05	$0.08	$80.42	$83.58
$83.50	$80.00	Sep 28	$0.05	$0.04	$0.09	$79.91	$83.59
$82.50	$81.00	Sep 23	$0.05	$0.04	$0.09	$80.91	$82.59
$83.00	$80.00	Sep 25	$0.07	$0.03	$0.10	$79.90	$83.10
$84.00	$80.00	Sep 30	$0.05	$0.07	$0.12	$79.88	$84.12
$83.50	$80.50	Sep 28	$0.05	$0.07	$0.12	$80.38	$83.62
$83.00	$80.50	Sep 25	$0.07	$0.05	$0.12	$80.38	$83.12
$83.00	$80.00	Sep 28	$0.09	$0.04	$0.13	$79.87	$83.13

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 11 found (best R:R 1.17, avg credit $0.30)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
80/80	83/84	Oct 23	$0.27	$0.23	36%	1.17	$80.23	$83.27
80/80	83/84	Oct 16	$0.24	$0.26	40%	0.92	$80.26	$83.24
80/80	82/83	Oct 9	$0.25	$0.25	38%	1.00	$80.25	$82.75
80/80	84/84	Oct 23	$0.23	$0.27	42%	0.85	$80.27	$83.73
80/81	82/83	Oct 2	$0.26	$0.24	35%	1.08	$80.74	$82.76
78/79	84/85	Oct 30	$0.29	$0.71	59%	0.41	$78.71	$84.29
78/79	83/84	Oct 30	$0.39	$0.61	48%	0.64	$78.61	$83.39
79/80	84/85	Oct 30	$0.37	$0.63	49%	0.59	$79.63	$84.37
79/80	83/84	Oct 30	$0.47	$0.53	38%	0.89	$79.53	$83.47
79/80	83/84	Oct 7	$0.25	$0.75	58%	0.33	$79.75	$83.25

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 77 found (best R:R 11.50, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$79.00	$80.00	$81.00	Oct 30	$0.08	$0.92	27%	11.50
$80.00	$81.00	$82.00	Sep 30	$0.22	$0.78	45%	3.55
$81.00	$82.00	$83.00	Sep 30	$0.31	$0.69	54%	2.23
$80.00	$81.00	$82.00	Oct 30	$0.13	$0.87	30%	6.69
$81.50	$82.00	$82.50	Sep 23	$0.15	$0.35	56%	2.33

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$80.00	$81.00	$82.00	Sep 30	$0.22	$0.78	45%	3.55
$81.00	$82.00	$83.00	Sep 30	$0.33	$0.67	54%	2.03
$83.00	$84.00	$85.00	Sep 30	$0.06	$0.94	16%	15.67
$81.00	$81.50	$82.00	Sep 23	$0.13	$0.37	49%	2.85
$79.00	$80.00	$81.00	Oct 30	$0.10	$0.90	23%	9.00

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 117 found (best net $-1.90, 104 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$70.00	$75.00	1:2	Sep 30	-$1.90	$3.10
$70.00	$75.00	1:2	Sep 25	-$1.88	$3.12
$70.00	$75.00	1:2	Oct 30	-$1.96	$3.04
$80.00	$81.00	1:2	Sep 30	-$0.26	$0.74
$81.50	$82.00	1:2	Sep 28	-$0.09	$0.41

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$87.00	$85.00	1:2	Sep 30	-$1.18	$0.82
$84.00	$83.00	1:2	Sep 30	-$0.33	$0.67
$82.50	$82.00	1:2	Sep 25	-$0.10	$0.40
$83.00	$82.50	1:2	Sep 23	-$0.25	$0.25
$82.00	$81.50	1:2	Sep 28	-$0.05	$0.45

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 51 found (best yield 1.33%, avg 0.34%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$82.00	Oct 30	$1.09	0.45	0.2%	1.33%	1.54%	16	3.8K
$83.00	Oct 30	$0.67	0.33	1.4%	0.82%	2.25%	7	2.7K
$82.00	Oct 23	$0.93	0.45	0.2%	1.14%	1.34%	7	3.8K
$82.50	Oct 23	$0.71	0.38	0.8%	0.87%	1.69%	58	2.6K
$84.00	Oct 30	$0.40	0.23	2.6%	0.49%	3.14%	53	4.8K
$83.00	Oct 23	$0.53	0.31	1.4%	0.65%	2.08%	11	26.6K
$82.00	Oct 16	$0.78	0.44	0.2%	0.95%	1.16%	199	96.6K
$82.50	Oct 16	$0.57	0.35	0.8%	0.70%	1.52%	39	147
$83.50	Oct 23	$0.39	0.24	2.0%	0.48%	2.52%	109	1.5K
$83.00	Oct 16	$0.41	0.28	1.4%	0.50%	1.93%	807	205.9K

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 11,959

Total Puts 9,442

Put/Call Ratio 0.79

Net Difference 2,517

Prior's Put/Call Breakdown

Total Calls 34,869

Total Puts 25,087

Put/Call Ratio 0.72

Net Difference 9,782

Prior 7-Day Put/Call Summary

Total Calls 2,894,012

Total Puts 1,913,363

Average Put/Call Ratio 0.67

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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