TLT - Options Database

TLT

iShares 20+ Year Treasury Bond ETF

$81.78 -0.02%

(9/22 13:00) ◀

Tuesday, September 22, 2026 (2:00pm)

▶ (9/22 15:00)

◀ 9/22 14:01 ▶

Option Volume

Detail

ℹ

Current (09/22 2:00pm) 137,452

Calls: 77,882 (57%)

Puts: 59,570 (43%)

Prior (09/18) 338,015

Calls: 154,271 (46%)

Puts: 183,744 (54%)

Current vs Prior -59.34%

Calls: -49.52% (Calls)

Puts: -67.58% (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 -75.68%

Calls: -79.46%

Puts: -67.96%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (09/22 2:00pm) $6.06M

Calls: $4.23M (70%)

Puts: $1.84M (30%)

Prior (09/18) $13.54M

Calls: $6.33M (47%)

Puts: $7.22M (53%)

Current vs Prior -55.24%

Calls: -33.19%

Puts: -74.57%

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 -84.66%

Calls: -81.95%

Puts: -88.60%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (09/22 2:00pm) 0.76

Prior (09/18) 1.19

Current vs Prior -35.78%

Prior 7-Day Average 0.50

Current vs Prior 7-Day Avg +53.72%

Sentiment NEUTRAL

Open Interest

Detail

ℹ

Current (09/22 2:00pm) 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 0.89% | 1.22%1.22% | 1.88%2.52% | 4.32%

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

Current vs Prior -14.08% | -7.36%-7.36% | -6.05%+304.14% | +64.27%

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

Current vs 7-Day Avg -16.33% | -10.16%+7.68% | +1.39%+166.81% | +29.64%

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

Current vs 7-Day Eod -14.08% | -7.36%-7.38% | -6.08%+304.01% | +63.47%

Sentiment BULLISHBULLISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 2.75% | 2.01%

Calls: 2.56% | 1.85%

Puts: 2.94% | 2.17%

Prior 3.44% | 1.88%

Calls: 4.17% | 1.64%

Puts: 2.70% | 2.13%

Current vs Prior -20.06% | +6.91%

Prior 7-Day Avg 5.11% | 2.86%

Calls: 4.32% | 2.47%

Puts: 5.89% | 3.24%

Current vs 7-Day Avg -46.15% | -29.72%

Liquidity Good

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🤖 AI Insights

Moderately bullish flow with 70% call dollar volume ($4.23M). Light premium activity with dollar volume down 55% vs prior. Below-average activity with volume down 59% vs prior. P/C ratio dropping 36% - sentiment shifting bullish.

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 NEUTRAL

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
14:00	BULLISH	BULLISH	BULLISH
13:00	BULLISH	BULLISH	BULLISH
12:00	BULLISH	NEUTRAL	BULLISH
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 282 of results (avg 2.9%, best 0.7%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$81.00	Oct 23	1.43	1.44	$1.44	0.7%	60	0.61	1.2K
$81.00	Oct 16	1.28	1.29	$1.29	0.8%	5.1K	0.63	30.0K
$69.00	Sep 23	12.75	12.85	$12.80	0.8%	113	1.00	18
$70.00	Sep 25	11.80	11.90	$11.85	0.8%	--	1.00	26
$70.00	Sep 30	11.80	11.90	$11.85	0.8%	--	1.00	185

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$92.00	Oct 9	10.40	10.50	$10.45	1.0%	--	0.99	46
$82.00	Oct 9	0.95	0.96	$0.96	1.0%	50	0.59	1.4K
$91.00	Oct 2	9.40	9.50	$9.45	1.1%	--	0.99	13
$83.00	Oct 23	1.80	1.82	$1.81	1.1%	2	0.70	588
$95.00	Oct 2	13.35	13.50	$13.43	1.1%	--	0.99	10

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 130 found (avg $0.34, cheapest $0.10)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.00	Sep 23	0.12	0.13	$0.13	7.7%	5.8K	0.35	9.7K
$82.50	Sep 25	0.11	0.12	$0.12	8.3%	665	0.22	11.3K
$81.50	Sep 23	0.38	0.39	$0.39	2.6%	1.8K	0.71	3.5K
$83.00	Sep 28	0.07	0.08	$0.08	12.5%	71	0.14	1.3K
$82.50	Sep 28	0.15	0.16	$0.16	6.3%	89	0.25	2.5K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$81.50	Sep 23	0.09	0.10	$0.10	10.0%	3.9K	0.29	3.1K
$82.00	Sep 23	0.33	0.34	$0.34	2.9%	577	0.65	2.4K
$81.00	Sep 25	0.09	0.10	$0.10	10.0%	1.3K	0.19	41.0K
$80.50	Sep 28	0.05	0.06	$0.06	16.7%	463	0.11	1.2K
$81.00	Sep 28	0.12	0.13	$0.13	7.7%	121	0.22	2.1K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 205 found (avg delta 0.89, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$72.00	Sep 28	9.80	9.90	$9.85	1.0%	3	1.00	--
$73.00	Sep 28	8.80	8.90	$8.85	1.1%	3	1.00	--
$76.00	Sep 28	5.80	5.90	$5.85	1.7%	--	1.00	29
$70.00	Sep 30	11.80	11.90	$11.85	0.8%	--	1.00	185
$75.00	Sep 30	6.80	6.90	$6.85	1.5%	--	1.00	134

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$83.00	Sep 23	1.17	1.24	$1.21	5.8%	44	1.00	477
$83.50	Sep 23	1.67	1.74	$1.71	4.1%	4	1.00	--
$84.00	Sep 23	2.16	2.24	$2.20	3.6%	4	1.00	--
$87.00	Sep 23	5.15	5.25	$5.20	1.9%	6	1.00	2
$86.00	Sep 25	4.15	4.25	$4.20	2.4%	1	1.00	--

Most actively traded options today. High liquidity = easy entry/exit. 340 active (total vol 137.3K, top 10.5K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$83.00	Oct 16	0.38	0.39	$0.39	2.6%	10.5K	0.27	205.9K
$82.00	Sep 23	0.12	0.13	$0.13	7.7%	5.8K	0.35	9.7K
$83.00	Sep 30	0.12	0.13	$0.13	7.7%	5.4K	0.18	35.4K
$81.00	Oct 16	1.28	1.29	$1.29	0.8%	5.1K	0.63	30.0K
$82.00	Sep 30	0.41	0.42	$0.42	2.4%	3.8K	0.44	56.4K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$81.00	Sep 30	0.19	0.20	$0.20	5.0%	8.8K	0.26	13.1K
$80.00	Oct 5	0.14	0.15	$0.15	6.7%	6.3K	0.16	--
$81.00	Oct 16	0.60	0.61	$0.61	1.6%	4.6K	0.40	57.2K
$82.00	Sep 25	0.45	0.46	$0.46	2.2%	4.0K	0.58	3.8K
$81.50	Sep 23	0.09	0.10	$0.10	10.0%	3.9K	0.29	3.1K

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 25.6%, max 25.6%)

CALLS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$81.50	Sep 23	Oct 23	11.6%	9.3%	25.6%	2.0K	7.4K

PUTS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$81.50	Sep 23	Oct 23	11.6%	9.3%	25.6%	4.0K	3.9K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 72 found (best R:R 1.22, avg 2.13)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$81.50	$82.00	Sep 23	$0.26	$0.24	$0.26	71%	0.92	$81.76
$81.00	$82.00	Sep 30	$0.62	$0.38	$0.62	74%	0.61	$81.62
$80.50	$81.00	Oct 23	$0.33	$0.17	$0.33	71%	0.52	$80.83
$83.00	$83.50	Oct 23	$0.12	$0.38	$0.12	30%	3.17	$83.12
$84.00	$85.00	Oct 30	$0.15	$0.85	$0.15	22%	5.67	$84.15

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	56%	1.22	$81.55
$82.00	$81.50	Oct 16	$0.25	$0.25	$0.25	58%	1.00	$81.75
$81.00	$80.50	Oct 23	$0.16	$0.34	$0.16	42%	2.13	$80.84
$81.00	$80.00	Oct 30	$0.31	$0.69	$0.31	42%	2.23	$80.69
$82.00	$81.50	Oct 23	$0.25	$0.25	$0.25	57%	1.00	$81.75

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 43 found (best R:R 0.41, avg 0.42)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$82.00	$83.00	Sep 30	$0.29	$0.29	$0.71	56%	0.41	$82.29
$82.00	$83.00	Oct 30	$0.41	$0.41	$0.59	55%	0.69	$82.41
$82.00	$83.00	Oct 7	$0.30	$0.30	$0.70	59%	0.43	$82.30
$82.00	$82.50	Sep 23	$0.10	$0.10	$0.40	65%	0.25	$82.10
$82.00	$82.50	Oct 9	$0.20	$0.20	$0.30	58%	0.67	$82.20

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	62%	0.33	$80.75
$80.00	$79.00	Oct 7	$0.11	$0.11	$0.89	81%	0.12	$79.89
$81.50	$81.00	Sep 28	$0.14	$0.14	$0.36	62%	0.39	$81.36
$81.00	$80.50	Oct 2	$0.14	$0.14	$0.36	65%	0.39	$80.86

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $0.13, cheapest $0.12)

CALLS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$82.00	Sep 23	Sep 25	$0.14	12.1%	12.2%

PUTS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$82.00	Sep 23	Sep 25	$0.12	12.1%	12.2%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 168 found (cheapest 0.57% of stock, avg 4.07%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$82.00	Sep 23	$0.13	$0.34	$0.47	$81.53	$82.47	0.57%
$81.50	Sep 23	$0.39	$0.10	$0.49	$81.01	$81.99	0.60%
$82.00	Sep 25	$0.27	$0.46	$0.73	$81.27	$82.73	0.89%
$81.50	Sep 25	$0.54	$0.22	$0.76	$80.74	$82.26	0.93%
$82.50	Sep 23	$0.03	$0.74	$0.77	$81.73	$83.27	0.94%
$82.00	Sep 28	$0.33	$0.50	$0.83	$81.17	$82.83	1.01%
$81.50	Sep 28	$0.59	$0.27	$0.86	$80.64	$82.36	1.05%
$81.00	Sep 23	$0.83	$0.04	$0.87	$80.13	$81.87	1.06%
$82.50	Sep 25	$0.12	$0.81	$0.93	$81.57	$83.43	1.14%
$82.50	Sep 28	$0.16	$0.84	$1.00	$81.50	$83.50	1.22%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 200 found (cheapest 0.09% of stock, avg 0.75%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$82.50	$81.00	Sep 23	$0.03	$0.04	$0.07	$80.93	$82.57
$83.50	$80.00	Sep 28	$0.04	$0.03	$0.07	$79.93	$83.57
$83.50	$80.50	Sep 25	$0.03	$0.04	$0.07	$80.43	$83.57
$83.00	$80.50	Sep 25	$0.05	$0.04	$0.09	$80.41	$83.09
$84.00	$80.00	Sep 30	$0.04	$0.06	$0.10	$79.90	$84.10
$83.50	$80.50	Sep 28	$0.04	$0.06	$0.10	$80.40	$83.60
$83.00	$80.00	Sep 28	$0.08	$0.03	$0.11	$79.89	$83.11
$84.00	$79.50	Oct 2	$0.06	$0.07	$0.13	$79.37	$84.13
$85.00	$79.00	Oct 7	$0.05	$0.08	$0.13	$78.87	$85.13
$83.00	$80.50	Sep 28	$0.08	$0.06	$0.14	$80.36	$83.14

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 11 found (best R:R 0.85, avg credit $0.29)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
80/80	83/84	Oct 23	$0.23	$0.27	44%	0.85	$79.77	$83.23
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	40%	0.92	$80.26	$82.74
80/80	83/84	Oct 16	$0.23	$0.27	42%	0.85	$80.27	$83.23
80/81	82/83	Oct 2	$0.25	$0.25	37%	1.00	$80.75	$82.75
80/80	83/84	Oct 23	$0.25	$0.25	37%	1.00	$80.25	$83.25
78/79	83/84	Oct 30	$0.37	$0.63	49%	0.59	$78.63	$83.37
78/79	84/85	Oct 30	$0.26	$0.74	60%	0.35	$78.74	$84.26
79/80	83/84	Oct 30	$0.46	$0.54	39%	0.85	$79.54	$83.46
79/80	84/85	Oct 30	$0.35	$0.65	50%	0.54	$79.65	$84.35

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 90 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	$0.33	$0.67	57%	2.03
$80.00	$81.00	$82.00	Sep 30	$0.25	$0.75	47%	3.00
$81.50	$82.00	$82.50	Sep 23	$0.16	$0.34	61%	2.12
$82.00	$83.00	$84.00	Sep 30	$0.20	$0.80	38%	4.00

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$80.00	$81.00	$82.00	Sep 30	$0.24	$0.76	48%	3.17
$81.00	$82.00	$83.00	Sep 30	$0.33	$0.67	57%	2.03
$81.50	$82.00	$82.50	Sep 23	$0.16	$0.34	61%	2.13
$80.00	$81.00	$82.00	Oct 7	$0.22	$0.78	42%	3.55
$82.00	$82.50	$83.00	Sep 23	$0.07	$0.43	35%	6.14

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 135 found (best net $-1.85, 117 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$70.00	$75.00	1:2	Sep 30	-$1.85	$3.15
$70.00	$75.00	1:2	Sep 25	-$1.85	$3.15
$70.00	$75.00	1:2	Oct 30	-$1.93	$3.07
$80.00	$81.00	1:2	Sep 30	-$0.17	$0.83
$81.00	$81.50	1:2	Sep 25	-$0.16	$0.34

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$87.00	$85.00	1:2	Sep 30	-$1.20	$0.80
$84.00	$83.00	1:2	Sep 30	-$0.35	$0.65
$83.00	$82.50	1:2	Sep 23	-$0.27	$0.23
$82.50	$82.00	1:2	Sep 25	-$0.11	$0.39
$82.50	$82.00	1:2	Sep 28	-$0.16	$0.34

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 50 found (best yield 1.27%, avg 0.34%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$82.00	Oct 30	$1.04	0.45	0.3%	1.27%	1.54%	297	3.8K
$83.00	Oct 30	$0.63	0.32	1.5%	0.77%	2.26%	2.1K	2.7K
$82.00	Oct 23	$0.87	0.44	0.3%	1.06%	1.33%	13	3.8K
$82.50	Oct 23	$0.66	0.36	0.9%	0.81%	1.69%	90	2.6K
$83.00	Oct 23	$0.49	0.30	1.5%	0.60%	2.09%	21	26.6K
$84.00	Oct 30	$0.37	0.22	2.7%	0.45%	3.17%	158	4.8K
$82.00	Oct 16	$0.73	0.43	0.3%	0.89%	1.16%	2.4K	96.6K
$83.50	Oct 23	$0.37	0.24	2.1%	0.45%	2.56%	114	1.5K
$82.50	Oct 16	$0.53	0.34	0.9%	0.65%	1.53%	90	147
$83.00	Oct 16	$0.38	0.27	1.5%	0.46%	1.96%	10.5K	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 77,882

Total Puts 59,570

Put/Call Ratio 0.76

Net Difference 18,312

Prior's Put/Call Breakdown

Total Calls 154,271

Total Puts 183,744

Put/Call Ratio 1.19

Net Difference -29,473

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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