TLT - Options Database

TLT

iShares 20+ Year Treasury Bond ETF

$81.75 -0.06%

$81.77 (+0.02%)🌙

as of 09/22 04:01 PM

(9/22 15:17) ◀

Tuesday, September 22, 2026 (4:00pm)

▶

◀ 9/22 16:01

Option Volume

Detail

ℹ

Current (09/22 4:00pm) 253,362

Calls: 177,199 (70%)

Puts: 76,163 (30%)

Prior (09/21) 272,154

Calls: 206,298 (76%)

Puts: 65,856 (24%)

Current vs Prior -6.90%

Calls: -14.11% (Calls)

Puts: +15.65% (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 -55.16%

Calls: -53.27%

Puts: -59.03%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (09/22 4:00pm) $10.25M

Calls: $7.58M (74%)

Puts: $2.67M (26%)

Prior (09/21) $11.64M

Calls: $9.46M (81%)

Puts: $2.18M (19%)

Current vs Prior -11.96%

Calls: -19.92%

Puts: +22.60%

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 -74.08%

Calls: -67.65%

Puts: -83.43%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (09/22 4:00pm) 0.43

Prior (09/21) 0.32

Current vs Prior +34.64%

Prior 7-Day Average 0.50

Current vs Prior 7-Day Avg -13.63%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (09/22 4:00pm) 2,729,840

Calls: 1,811,446 (66%)

Puts: 918,394 (34%)

Prior (09/21) 2,740,787

Calls: 1,817,663 (66%)

Puts: 923,124 (34%)

Current vs Prior -0.40%

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% | 1.24%1.24% | 1.91%2.54% | 4.35%

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

Current vs Prior -14.04% | -6.40%-6.40% | -4.79%+308.20% | +65.72%

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

Current vs 7-Day Avg -16.30% | -9.22%+8.80% | +2.75%+169.49% | +30.79%

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

Current vs 7-Day Eod -14.04% | -6.40%-6.42% | -4.82%+308.07% | +64.91%

Sentiment BULLISHBULLISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 2.76% | 2.00%

Calls: 2.50% | 1.82%

Puts: 3.03% | 2.17%

Prior 3.44% | 1.88%

Calls: 4.17% | 1.64%

Puts: 2.70% | 2.13%

Current vs Prior -19.77% | +6.38%

Prior 7-Day Avg 5.11% | 2.86%

Calls: 4.32% | 2.47%

Puts: 5.89% | 3.24%

Current vs 7-Day Avg -45.96% | -30.07%

Liquidity Good

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🤖 AI Insights

Moderately bullish flow with 74% call dollar volume ($7.58M). Extreme bullish P/C ratio of 0.43 - heavy call buying (177,199 calls vs 76,163 puts). P/C ratio rising 35% - increased hedging/bearish positioning. 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 BULLISH

7-Day Avg BULLISH

Current BULLISH

Prior BULLISH

7-Day Avg NEUTRAL

Current BULLISH

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
16:00	BULLISH	BULLISH	BULLISH
15:00	BULLISH	BULLISH	BULLISH
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 286 of results (avg 3.1%, best 0.5%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$80.00	Oct 16	2.03	2.04	$2.04	0.5%	3.5K	0.81	12.9K
$81.00	Oct 30	1.62	1.63	$1.63	0.6%	95	0.59	1.5K
$81.00	Oct 23	1.45	1.46	$1.46	0.7%	66	0.61	1.2K
$70.00	Sep 25	11.75	11.85	$11.80	0.8%	--	1.00	26
$81.00	Oct 9	1.16	1.17	$1.17	0.9%	494	0.65	1.9K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$98.00	Oct 16	16.35	16.50	$16.43	0.9%	2	0.99	114
$97.00	Oct 16	15.35	15.50	$15.43	1.0%	--	0.99	121
$96.00	Oct 16	14.35	14.50	$14.43	1.0%	--	0.99	86
$83.00	Oct 30	1.88	1.90	$1.89	1.1%	122	0.68	1.6K
$82.00	Oct 7	0.91	0.92	$0.92	1.1%	8	0.60	--

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 130 found (avg $0.34, cheapest $0.11)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.00	Sep 23	0.12	0.13	$0.13	7.7%	7.1K	0.33	9.7K
$81.50	Sep 23	0.39	0.40	$0.40	2.5%	2.8K	0.69	3.5K
$82.50	Sep 25	0.12	0.13	$0.13	7.7%	1.2K	0.22	11.3K
$83.00	Sep 28	0.07	0.08	$0.08	12.5%	83	0.14	1.3K
$82.50	Sep 28	0.16	0.17	$0.17	5.9%	104	0.25	2.5K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$81.50	Sep 23	0.10	0.11	$0.11	9.1%	4.7K	0.31	3.1K
$82.00	Sep 23	0.32	0.33	$0.33	3.0%	1.2K	0.67	2.4K
$81.00	Sep 25	0.09	0.10	$0.10	10.0%	1.5K	0.19	41.0K
$80.50	Sep 28	0.05	0.06	$0.06	16.7%	469	0.11	1.2K
$81.50	Sep 25	0.21	0.22	$0.22	4.5%	1.3K	0.37	8.3K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 207 found (avg delta 0.89, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$70.00	Oct 2	11.75	11.90	$11.83	1.3%	2	1.00	191
$71.00	Oct 2	10.75	10.90	$10.83	1.4%	--	1.00	162
$72.00	Oct 2	9.75	9.90	$9.82	1.5%	1	1.00	43
$73.00	Oct 2	8.75	8.90	$8.82	1.7%	--	1.00	212
$76.00	Oct 2	5.75	5.95	$5.85	3.4%	--	1.00	191

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$83.00	Sep 23	1.20	1.27	$1.23	5.7%	103	1.00	477
$83.50	Sep 23	1.69	1.78	$1.74	5.2%	4	1.00	--
$84.00	Sep 23	2.19	2.28	$2.24	4.0%	6	1.00	--
$87.00	Sep 23	5.15	5.30	$5.23	2.9%	6	1.00	2
$86.00	Sep 25	4.15	4.30	$4.22	3.6%	1	1.00	--

Most actively traded options today. High liquidity = easy entry/exit. 359 active (total vol 253.2K, top 31.1K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$83.00	Oct 16	0.39	0.40	$0.40	2.5%	31.1K	0.27	205.9K
$82.00	Sep 25	0.27	0.28	$0.28	3.6%	14.6K	0.41	34.6K
$84.50	Oct 16	0.14	0.15	$0.15	6.7%	13.1K	0.12	205
$83.00	Sep 25	0.04	0.05	$0.05	20.0%	11.1K	0.10	18.9K
$83.00	Oct 2	0.15	0.16	$0.16	6.3%	10.8K	0.18	23.6K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$81.00	Sep 30	0.19	0.20	$0.20	5.0%	9.2K	0.26	13.1K
$80.00	Oct 5	0.14	0.15	$0.15	6.7%	7.3K	0.17	--
$82.00	Sep 25	0.45	0.46	$0.46	2.2%	4.7K	0.59	3.8K
$81.50	Sep 23	0.10	0.11	$0.11	9.1%	4.7K	0.31	3.1K
$81.00	Oct 16	0.61	0.62	$0.62	1.6%	4.6K	0.41	57.2K

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 32.2%, max 32.2%)

CALLS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$81.50	Sep 23	Oct 23	12.5%	9.5%	32.2%	3.4K	7.4K

PUTS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$81.50	Sep 23	Oct 23	12.5%	9.5%	32.2%	4.8K	3.9K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 73 found (best R:R 2.33, avg 2.07)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$81.00	$82.00	Sep 30	$0.62	$0.38	$0.62	74%	0.61	$81.62
$83.00	$83.50	Oct 16	$0.11	$0.39	$0.11	27%	3.55	$83.11
$80.50	$81.00	Oct 23	$0.33	$0.17	$0.33	69%	0.52	$80.83
$83.50	$84.00	Oct 23	$0.10	$0.40	$0.10	24%	4.00	$83.60
$83.00	$83.50	Oct 23	$0.13	$0.37	$0.13	30%	2.85	$83.13

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$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	50%	1.50	$81.30
$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	50%	1.50	$81.30
$82.00	$81.50	Sep 23	$0.22	$0.28	$0.22	67%	1.27	$81.78

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 43 found (best R:R 0.47, avg 0.42)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$82.00	$83.00	Oct 7	$0.32	$0.32	$0.68	60%	0.47	$82.32
$82.00	$83.00	Sep 30	$0.30	$0.30	$0.70	56%	0.43	$82.30
$82.00	$83.00	Oct 30	$0.41	$0.41	$0.59	55%	0.69	$82.41
$82.00	$82.50	Sep 23	$0.10	$0.10	$0.40	67%	0.25	$82.10
$83.00	$84.00	Oct 30	$0.27	$0.27	$0.73	68%	0.37	$83.27

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
$80.00	$79.00	Oct 7	$0.11	$0.11	$0.89	81%	0.12	$79.89
$81.00	$80.00	Oct 7	$0.25	$0.25	$0.75	62%	0.33	$80.75
$81.50	$81.00	Sep 28	$0.14	$0.14	$0.36	61%	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. 4 found (avg debit $0.14, cheapest $0.11)

CALLS (2)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$81.50	Sep 23	Sep 25	$0.15	12.5%	11.8%
$82.00	Sep 23	Sep 25	$0.15	12.2%	12.2%

PUTS (2)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$81.50	Sep 23	Sep 25	$0.11	12.5%	11.8%
$82.00	Sep 23	Sep 25	$0.13	12.2%	12.2%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 170 found (cheapest 0.56% of stock, avg 4.08%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$82.00	Sep 23	$0.13	$0.33	$0.46	$81.54	$82.46	0.56%
$81.50	Sep 23	$0.40	$0.11	$0.51	$80.99	$82.01	0.62%
$82.00	Sep 25	$0.28	$0.46	$0.74	$81.26	$82.74	0.91%
$82.50	Sep 23	$0.03	$0.74	$0.77	$81.73	$83.27	0.94%
$81.50	Sep 25	$0.55	$0.22	$0.77	$80.73	$82.27	0.94%
$81.00	Sep 23	$0.80	$0.03	$0.83	$80.17	$81.83	1.02%
$82.00	Sep 28	$0.33	$0.50	$0.83	$81.17	$82.83	1.02%
$81.50	Sep 28	$0.60	$0.27	$0.87	$80.63	$82.37	1.06%
$82.50	Sep 25	$0.13	$0.82	$0.95	$81.55	$83.45	1.16%
$82.00	Sep 30	$0.43	$0.57	$1.00	$81.00	$83.00	1.22%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 200 found (cheapest 0.07% of stock, avg 0.76%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$82.50	$81.00	Sep 23	$0.03	$0.03	$0.06	$80.94	$82.56
$83.50	$80.00	Sep 28	$0.04	$0.03	$0.07	$79.93	$83.57
$83.50	$80.50	Sep 25	$0.03	$0.05	$0.08	$80.42	$83.58
$83.00	$80.50	Sep 25	$0.05	$0.05	$0.10	$80.40	$83.10
$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 1.38, avg credit $0.30)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
80/80	82/83	Oct 16	$0.29	$0.21	33%	1.38	$80.21	$82.79
80/80	82/83	Oct 9	$0.25	$0.25	40%	1.00	$80.25	$82.75
80/81	82/83	Oct 2	$0.26	$0.24	37%	1.08	$80.74	$82.76
80/80	83/84	Oct 16	$0.24	$0.26	41%	0.92	$80.26	$83.24
80/80	84/84	Oct 23	$0.23	$0.27	42%	0.85	$80.27	$83.73
80/80	83/84	Oct 23	$0.26	$0.24	36%	1.08	$80.24	$83.26
78/79	83/84	Oct 30	$0.39	$0.61	49%	0.64	$78.61	$83.39
78/79	84/85	Oct 30	$0.28	$0.72	59%	0.39	$78.72	$84.28
79/80	83/84	Oct 30	$0.47	$0.53	39%	0.89	$79.53	$83.47
79/80	84/85	Oct 30	$0.36	$0.64	49%	0.56	$79.64	$84.36

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 91 found (best R:R 3.35, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$80.00	$81.00	$82.00	Sep 30	$0.23	$0.77	48%	3.35
$79.00	$80.00	$81.00	Oct 30	$0.09	$0.91	27%	10.11
$81.00	$81.50	$82.00	Sep 23	$0.13	$0.37	58%	2.85
$81.00	$82.00	$83.00	Sep 30	$0.32	$0.68	56%	2.12
$80.00	$81.00	$82.00	Oct 30	$0.13	$0.87	30%	6.69

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$80.00	$81.00	$82.00	Sep 30	$0.23	$0.77	48%	3.35
$81.00	$81.50	$82.00	Sep 23	$0.14	$0.36	58%	2.57
$82.00	$82.50	$83.00	Sep 25	$0.06	$0.44	32%	7.33
$79.00	$80.00	$81.00	Sep 30	$0.10	$0.90	24%	9.00
$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. 131 found (best net $-1.83, 113 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$70.00	$75.00	1:2	Sep 30	-$1.83	$3.17
$70.00	$75.00	1:2	Sep 25	-$1.86	$3.14
$70.00	$75.00	1:2	Oct 30	-$1.93	$3.07
$80.00	$81.00	1:2	Sep 30	-$0.20	$0.80
$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	-$1.21	$0.79
$84.00	$83.00	1:2	Sep 30	-$0.36	$0.64
$83.00	$82.50	1:2	Sep 23	-$0.25	$0.25
$82.50	$82.00	1:2	Sep 25	-$0.10	$0.40
$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 1.30%, avg 0.35%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$82.00	Oct 30	$1.06	0.45	0.3%	1.30%	1.60%	354	3.8K
$83.00	Oct 30	$0.65	0.32	1.5%	0.80%	2.32%	2.1K	2.7K
$82.00	Oct 23	$0.89	0.44	0.3%	1.09%	1.39%	91	3.8K
$82.50	Oct 23	$0.68	0.37	0.9%	0.83%	1.75%	92	2.6K
$83.00	Oct 23	$0.51	0.30	1.5%	0.62%	2.15%	5.0K	26.6K
$84.00	Oct 30	$0.38	0.22	2.8%	0.46%	3.22%	293	4.8K
$82.00	Oct 16	$0.75	0.43	0.3%	0.92%	1.22%	3.1K	96.6K
$82.50	Oct 16	$0.55	0.35	0.9%	0.67%	1.59%	503	147
$83.50	Oct 23	$0.38	0.24	2.1%	0.46%	2.61%	131	1.5K
$83.00	Oct 16	$0.39	0.27	1.5%	0.48%	2.01%	31.1K	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 177,199

Total Puts 76,163

Put/Call Ratio 0.43

Net Difference 101,036

Prior's Put/Call Breakdown

Total Calls 206,298

Total Puts 65,856

Put/Call Ratio 0.32

Net Difference 140,442

Prior 7-Day Put/Call Summary

Total Calls 2,654,266

Total Puts 1,301,398

Average Put/Call Ratio 0.50

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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