TLT - Options Database

TLT

iShares 20+ Year Treasury Bond ETF

$81.76 -0.05%

(9/22 10:00) ◀

Tuesday, September 22, 2026 (11:00am)

▶ (9/22 12:00)

◀ 9/22 11:00 ▶

Option Volume

Detail

ℹ

Current (09/22 11:00am) 58,847

Calls: 30,112 (51%)

Puts: 28,735 (49%)

Prior (09/18) 222,005

Calls: 88,412 (40%)

Puts: 133,593 (60%)

Current vs Prior -73.49%

Calls: -65.94% (Calls)

Puts: -78.49% (Puts)

Prior 7-Day Total 3,955,664

Calls: 2,654,266 (67%)

Puts: 1,301,398 (33%)

Prior 7-Day Average 565,094

Calls: 379,180 (67%)

Puts: 185,914 (33%)

Current vs Prior 7-Day Avg -89.59%

Calls: -92.06%

Puts: -84.54%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (09/22 11:00am) $2.67M

Calls: $1.71M (64%)

Puts: $961.6K (36%)

Prior (09/18) $8.59M

Calls: $3.20M (37%)

Puts: $5.39M (63%)

Current vs Prior -68.94%

Calls: -46.72%

Puts: -82.15%

Prior 7-Day Total $276.69M

Calls: $163.92M (59%)

Puts: $112.77M (41%)

Prior 7-Day Average $39.53M

Calls: $23.42M (59%)

Puts: $16.11M (41%)

Current vs Prior 7-Day Avg -93.25%

Calls: -92.71%

Puts: -94.03%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (09/22 11:00am) 0.95

Prior (09/18) 1.51

Current vs Prior -36.85%

Prior 7-Day Average 0.50

Current vs Prior 7-Day Avg +91.78%

Sentiment NEUTRAL

Open Interest

Detail

ℹ

Current (09/22 11:00am) 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 27,387,160

Calls: 17,276,473 (63%)

Puts: 10,110,687 (37%)

Prior 7-Day Average 3,912,451

Calls: 2,468,067 (63%)

Puts: 1,444,383 (37%)

Current vs Prior 7-Day Avg -30.23%

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 0.94% | 1.25%1.25% | 1.93%2.56% | 4.33%

Prior 1.04% | 1.32%1.32% | 2.00%0.62% | 2.63%

Current vs Prior -9.35% | -5.49%-5.48% | -3.59%+310.12% | +64.77%

Prior 7-Day Avg 1.07% | 1.36%1.14% | 1.86%0.94% | 3.33%

Current vs 7-Day Avg -11.73% | -8.34%+9.86% | +4.05%+170.77% | +30.04%

Prior 7-Day Eod 1.04% | 1.32%1.32% | 2.00%0.62% | 2.64%

Current vs 7-Day Eod -9.35% | -5.49%-5.51% | -3.61%+309.99% | +63.97%

Sentiment BULLISHBULLISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 2.60% | 1.97%

Calls: 2.50% | 1.85%

Puts: 2.70% | 2.08%

Prior 3.44% | 1.88%

Calls: 4.17% | 1.64%

Puts: 2.70% | 2.13%

Current vs Prior -24.42% | +4.79%

Prior 7-Day Avg 5.11% | 2.86%

Calls: 4.32% | 2.47%

Puts: 5.89% | 3.24%

Current vs 7-Day Avg -49.09% | -31.12%

Liquidity Good

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🤖 AI Insights

Moderately bullish flow with 64% call dollar volume ($1.71M). Light premium activity with dollar volume down 69% vs prior. Below-average activity with volume down 73% vs prior. P/C ratio dropping 37% - sentiment shifting bullish.

Smart Money BULLISH

Retail Flow NEUTRAL

Overall BULLISH

Dollar Volume

Option Volume

Put/Call Ratio

Open Interest

Expected Move

Current BULLISH

Prior BEARISH

7-Day Avg BULLISH

Current NEUTRAL

Prior BEARISH

7-Day Avg NEUTRAL

Current NEUTRAL

Prior BEARISH

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	BULLISH	NEUTRAL	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 280 of results (avg 3.0%, best 0.6%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$80.50	Oct 16	1.63	1.64	$1.63	0.6%	14	0.72	294
$68.00	Sep 23	13.70	13.80	$13.75	0.7%	13	1.00	18
$69.00	Sep 23	12.70	12.80	$12.75	0.8%	13	1.00	18
$70.00	Sep 23	11.70	11.80	$11.75	0.9%	8	1.00	--
$71.00	Oct 2	10.75	10.85	$10.80	0.9%	--	1.00	162

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.00	Oct 16	1.09	1.10	$1.10	0.9%	607	0.58	37.0K
$98.00	Oct 16	16.40	16.55	$16.48	0.9%	--	0.99	114
$97.00	Oct 16	15.40	15.55	$15.48	1.0%	--	0.99	121
$96.00	Oct 16	14.40	14.55	$14.48	1.0%	--	0.99	86
$82.00	Oct 7	0.93	0.94	$0.94	1.1%	8	0.61	--

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 136 found (avg $0.33, cheapest $0.13)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.00	Sep 23	0.13	0.14	$0.14	7.1%	3.0K	0.34	9.7K
$83.00	Sep 25	0.05	0.06	$0.06	16.7%	177	0.11	18.9K
$82.50	Sep 25	0.12	0.13	$0.13	7.7%	445	0.23	11.3K
$81.50	Sep 23	0.39	0.40	$0.40	2.5%	602	0.67	3.5K
$83.00	Sep 28	0.07	0.08	$0.08	12.5%	17	0.13	1.3K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$81.50	Sep 23	0.12	0.13	$0.13	7.7%	2.0K	0.33	3.1K
$81.00	Sep 25	0.10	0.11	$0.11	9.1%	172	0.20	41.0K
$82.00	Sep 23	0.36	0.37	$0.37	2.7%	284	0.66	2.4K
$80.50	Sep 28	0.06	0.07	$0.07	14.3%	37	0.12	1.2K
$81.50	Sep 25	0.23	0.24	$0.24	4.2%	393	0.38	8.3K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 201 found (avg delta 0.88, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$72.00	Sep 28	9.75	9.85	$9.80	1.0%	3	1.00	--
$73.00	Sep 28	8.75	8.85	$8.80	1.1%	3	1.00	--
$76.00	Sep 28	5.75	5.85	$5.80	1.7%	--	1.00	29
$70.00	Sep 30	11.75	11.90	$11.83	1.3%	--	1.00	185
$75.00	Sep 30	6.75	6.85	$6.80	1.5%	--	1.00	134

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$83.50	Sep 23	1.71	1.80	$1.76	5.1%	4	1.00	--
$87.00	Sep 23	5.20	5.30	$5.25	1.9%	1	1.00	2
$95.00	Oct 2	13.40	13.55	$13.48	1.1%	--	0.99	10
$87.00	Sep 30	5.20	5.30	$5.25	1.9%	--	0.99	22
$91.00	Oct 2	9.40	9.55	$9.48	1.6%	--	0.99	13

Most actively traded options today. High liquidity = easy entry/exit. 296 active (total vol 58.7K, top 6.3K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$81.00	Oct 16	1.28	1.30	$1.29	1.6%	4.6K	0.62	30.0K
$82.00	Sep 23	0.13	0.14	$0.14	7.1%	3.0K	0.34	9.7K
$83.00	Oct 16	0.38	0.39	$0.39	2.6%	1.8K	0.27	205.9K
$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%	1.7K	0.03	10.5K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$80.00	Oct 5	0.15	0.16	$0.16	6.3%	6.3K	0.17	--
$81.00	Oct 16	0.62	0.63	$0.63	1.6%	4.1K	0.41	57.2K
$79.50	Oct 5	0.09	0.10	$0.10	10.0%	3.4K	0.11	--
$81.50	Sep 23	0.12	0.13	$0.13	7.7%	2.0K	0.33	3.1K
$80.50	Oct 5	0.25	0.26	$0.26	3.8%	1.1K	0.26	--

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 16.6%, max 31.8%)

CALLS (2)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$81.50	Sep 23	Oct 23	12.3%	9.4%	31.8%	623	7.4K
$82.00	Sep 23	Oct 30	12.5%	12.3%	1.4%	3.1K	13.5K

PUTS (2)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$81.50	Sep 23	Oct 23	12.3%	9.4%	31.8%	2.1K	3.9K
$82.00	Sep 23	Oct 30	12.5%	12.3%	1.4%	367	6.3K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 73 found (best R:R 1.17, avg 2.15)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$81.00	$82.00	Sep 30	$0.60	$0.40	$0.60	73%	0.67	$81.60
$83.00	$83.50	Oct 16	$0.11	$0.39	$0.11	27%	3.55	$83.11
$81.50	$82.00	Sep 23	$0.26	$0.24	$0.26	67%	0.92	$81.76
$82.00	$82.50	Sep 25	$0.14	$0.36	$0.14	40%	2.57	$82.14
$82.50	$83.00	Oct 5	$0.11	$0.39	$0.11	28%	3.55	$82.61

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$82.00	$81.00	Oct 30	$0.46	$0.54	$0.46	56%	1.17	$81.54
$81.50	$81.00	Oct 16	$0.20	$0.30	$0.20	51%	1.50	$81.30
$81.00	$80.00	Oct 30	$0.31	$0.69	$0.31	43%	2.23	$80.69
$82.00	$81.50	Oct 23	$0.25	$0.25	$0.25	57%	1.00	$81.75
$81.50	$81.00	Oct 23	$0.21	$0.29	$0.21	50%	1.38	$81.29

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 44 found (best R:R 0.41, avg 0.41)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$82.00	$83.00	Sep 30	$0.29	$0.29	$0.71	57%	0.41	$82.29
$82.00	$83.00	Oct 7	$0.30	$0.30	$0.70	60%	0.43	$82.30
$82.00	$83.00	Oct 30	$0.40	$0.40	$0.60	56%	0.67	$82.40
$82.00	$82.50	Oct 2	$0.19	$0.19	$0.31	60%	0.61	$82.19
$82.00	$82.50	Sep 23	$0.10	$0.10	$0.40	66%	0.25	$82.10

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$81.00	$80.00	Sep 30	$0.15	$0.15	$0.85	73%	0.18	$80.85
$80.00	$79.00	Oct 7	$0.12	$0.12	$0.88	80%	0.14	$79.88
$81.00	$80.00	Oct 7	$0.26	$0.26	$0.74	61%	0.35	$80.74
$81.00	$80.50	Oct 2	$0.15	$0.15	$0.35	64%	0.43	$80.85
$81.50	$81.00	Sep 25	$0.13	$0.13	$0.37	62%	0.35	$81.37

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 4 found (avg debit $0.12, cheapest $0.11)

CALLS (2)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$81.50	Sep 23	Sep 25	$0.14	12.3%	11.8%
$82.00	Sep 23	Sep 25	$0.13	12.5%	12.1%

PUTS (2)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$81.50	Sep 23	Sep 25	$0.11	12.3%	11.8%
$82.00	Sep 23	Sep 25	$0.11	12.5%	12.1%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 164 found (cheapest 0.62% of stock, avg 4.10%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$82.00	Sep 23	$0.14	$0.37	$0.51	$81.49	$82.51	0.62%
$81.50	Sep 23	$0.40	$0.13	$0.53	$80.97	$82.03	0.65%
$82.00	Sep 25	$0.27	$0.48	$0.75	$81.25	$82.75	0.92%
$81.50	Sep 25	$0.54	$0.24	$0.78	$80.72	$82.28	0.95%
$82.50	Sep 23	$0.04	$0.78	$0.82	$81.68	$83.32	1.00%
$81.00	Sep 23	$0.80	$0.04	$0.84	$80.16	$81.84	1.03%
$82.00	Sep 28	$0.33	$0.52	$0.85	$81.15	$82.85	1.04%
$81.50	Sep 28	$0.59	$0.29	$0.88	$80.62	$82.38	1.08%
$82.50	Sep 25	$0.13	$0.84	$0.97	$81.53	$83.47	1.19%
$81.00	Sep 25	$0.91	$0.11	$1.02	$79.98	$82.02	1.25%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 204 found (cheapest 0.07% of stock, avg 0.73%)

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
$83.50	$80.00	Sep 28	$0.04	$0.04	$0.08	$79.92	$83.58
$82.50	$81.00	Sep 23	$0.04	$0.04	$0.08	$80.92	$82.58
$83.50	$80.50	Sep 25	$0.03	$0.05	$0.08	$80.42	$83.58
$83.00	$80.00	Sep 25	$0.06	$0.03	$0.09	$79.91	$83.09
$83.00	$80.50	Sep 25	$0.06	$0.05	$0.11	$80.39	$83.11
$83.50	$80.50	Sep 28	$0.04	$0.07	$0.11	$80.39	$83.61
$84.00	$80.00	Sep 30	$0.05	$0.07	$0.12	$79.88	$84.12
$83.00	$80.00	Sep 28	$0.08	$0.04	$0.12	$79.88	$83.12
$85.00	$79.00	Oct 7	$0.05	$0.08	$0.13	$78.87	$85.13

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 13 found (best R:R 0.92, avg credit $0.28)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
80/80	83/84	Oct 23	$0.24	$0.26	44%	0.92	$79.76	$83.24
80/80	82/83	Oct 16	$0.25	$0.25	41%	1.00	$79.75	$82.75
80/80	83/84	Oct 16	$0.21	$0.29	48%	0.72	$79.79	$83.21
80/80	83/84	Oct 23	$0.26	$0.24	37%	1.08	$80.24	$83.26
80/80	82/83	Oct 5	$0.21	$0.29	46%	0.72	$80.29	$82.71
80/80	82/83	Oct 16	$0.27	$0.23	34%	1.17	$80.23	$82.77
80/80	82/83	Oct 9	$0.24	$0.26	39%	0.92	$80.26	$82.74
80/80	83/84	Oct 16	$0.23	$0.27	41%	0.85	$80.27	$83.23
78/79	84/85	Oct 30	$0.28	$0.72	60%	0.39	$78.72	$84.28
78/79	83/84	Oct 30	$0.38	$0.62	49%	0.61	$78.62	$83.38

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 82 found (best R:R 3.17, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$79.00	$80.00	$81.00	Oct 30	$0.10	$0.90	28%	9.00
$81.00	$82.00	$83.00	Sep 30	$0.31	$0.69	54%	2.23
$80.00	$81.00	$82.00	Sep 30	$0.25	$0.75	47%	3.00
$81.00	$81.50	$82.00	Sep 23	$0.14	$0.36	54%	2.57
$80.00	$81.00	$82.00	Oct 30	$0.14	$0.86	30%	6.14

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$80.00	$81.00	$82.00	Sep 30	$0.24	$0.76	47%	3.17
$79.00	$80.00	$81.00	Oct 7	$0.14	$0.86	30%	6.14
$81.00	$82.00	$83.00	Sep 30	$0.33	$0.67	54%	2.03
$80.00	$81.00	$82.00	Oct 7	$0.22	$0.78	41%	3.55
$81.00	$81.50	$82.00	Sep 23	$0.15	$0.35	54%	2.33

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 132 found (best net $-1.77, 116 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$70.00	$75.00	1:2	Sep 30	-$1.77	$3.23
$70.00	$75.00	1:2	Sep 25	-$1.79	$3.21
$70.00	$75.00	1:2	Oct 30	-$1.83	$3.17
$80.00	$81.00	1:2	Sep 30	-$0.18	$0.82
$73.00	$76.00	1:2	Sep 28	-$2.80	$0.20

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$87.00	$85.00	1:2	Sep 30	-$1.25	$0.75
$84.00	$83.00	1:2	Sep 30	-$0.40	$0.60
$82.50	$82.00	1:2	Sep 25	-$0.12	$0.38
$83.00	$82.50	1:2	Sep 23	-$0.31	$0.19
$82.00	$81.50	1:2	Sep 28	-$0.06	$0.44

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 52 found (best yield 1.26%, avg 0.33%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$82.00	Oct 30	$1.03	0.44	0.3%	1.26%	1.55%	136	3.8K
$83.00	Oct 30	$0.63	0.32	1.5%	0.77%	2.29%	11	2.7K
$82.00	Oct 23	$0.87	0.43	0.3%	1.06%	1.36%	13	3.8K
$82.50	Oct 23	$0.66	0.36	0.9%	0.81%	1.71%	58	2.6K
$83.00	Oct 23	$0.49	0.29	1.5%	0.60%	2.12%	13	26.6K
$84.00	Oct 30	$0.37	0.21	2.7%	0.45%	3.19%	66	4.8K
$82.00	Oct 16	$0.73	0.42	0.3%	0.89%	1.19%	843	96.6K
$82.50	Oct 16	$0.53	0.34	0.9%	0.65%	1.55%	41	147
$83.50	Oct 23	$0.36	0.23	2.1%	0.44%	2.57%	110	1.5K
$83.00	Oct 16	$0.38	0.27	1.5%	0.46%	1.98%	1.8K	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 30,112

Total Puts 28,735

Put/Call Ratio 0.95

Net Difference 1,377

Prior's Put/Call Breakdown

Total Calls 88,412

Total Puts 133,593

Put/Call Ratio 1.51

Net Difference -45,181

Prior 7-Day Put/Call Summary

Total Calls 2,654,266

Total Puts 1,301,398

Average Put/Call Ratio 0.50

Ratio Trend Falling

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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