TLT - Options Database

TLT

iShares 20+ Year Treasury Bond ETF

$81.30 -0.40%

(10/28 10:00) ◀

Wednesday, October 28, 2026 (11:00am)

▶ (10/28 12:00)

◀ 10/28 11:00 ▶

Option Volume

Detail

ℹ

Current (10/28 11:00am) 91,184

Calls: 38,468 (42%)

Puts: 52,716 (58%)

Prior (10/27) 75,666

Calls: 57,602 (76%)

Puts: 18,064 (24%)

Current vs Prior +20.51%

Calls: -33.22% (Calls)

Puts: +191.83% (Puts)

Prior 7-Day Total 2,294,486

Calls: 1,359,389 (59%)

Puts: 935,097 (41%)

Prior 7-Day Average 327,783

Calls: 194,198 (59%)

Puts: 133,585 (41%)

Current vs Prior 7-Day Avg -72.18%

Calls: -80.19%

Puts: -60.54%

Sentiment BEARISH

Dollar Volume

Detail

ℹ

Current (10/28 11:00am) $3.90M

Calls: $1.67M (43%)

Puts: $2.23M (57%)

Prior (10/27) $3.31M

Calls: $2.66M (81%)

Puts: $644.3K (19%)

Current vs Prior +17.98%

Calls: -37.31%

Puts: +246.61%

Prior 7-Day Total $117.83M

Calls: $84.93M (72%)

Puts: $32.89M (28%)

Prior 7-Day Average $16.83M

Calls: $12.13M (72%)

Puts: $4.70M (28%)

Current vs Prior 7-Day Avg -76.81%

Calls: -86.24%

Puts: -52.48%

Sentiment BEARISH

Put/Call Ratio

Detail

ℹ

Current (10/28 11:00am) 1.37

Prior (10/27) 0.31

Current vs Prior +336.98%

Prior 7-Day Average 0.72

Current vs Prior 7-Day Avg +89.99%

Sentiment BEARISH

Open Interest

Detail

ℹ

Current (10/28 11:00am) 3,188,835

Calls: 1,978,192 (62%)

Puts: 1,210,643 (38%)

Prior (10/27) 3,165,782

Calls: 1,965,600 (62%)

Puts: 1,200,182 (38%)

Current vs Prior +0.73%

Prior 7-Day Total 23,105,901

Calls: 14,557,145 (63%)

Puts: 8,548,756 (37%)

Prior 7-Day Average 3,300,843

Calls: 2,079,592 (63%)

Puts: 1,221,250 (37%)

Current vs Prior 7-Day Avg -3.39%

Sentiment BEARISH

Expected Move

Detail

ℹ

3DTEWKMO Expiry (10/28) | Next (10/30)Expiry (10/30) | Next (11/06)Expiry (11/20) | Next (12/18)

Current 0.89% | 1.72%1.72% | 2.10%2.90% | 4.74%

Prior 0.98% | 1.75%1.75% | 2.19%2.94% | 4.67%

Current vs Prior -9.63% | -1.70%-1.70% | -4.08%-1.27% | +1.46%

Prior 7-Day Avg 1.02% | 1.45%1.33% | 2.34%2.17% | 4.33%

Current vs 7-Day Avg -13.12% | +18.71%+29.02% | -10.06%+33.46% | +9.47%

Prior 7-Day Eod 0.98% | 1.75%1.75% | 2.19%2.93% | 4.67%

Current vs 7-Day Eod -9.63% | -1.70%-1.70% | -4.08%-0.85% | +1.46%

Sentiment BULLISHBULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 9.68% | 5.64%

Calls: 10.26% | 5.26%

Puts: 9.09% | 6.02%

Prior 10.31% | 7.56%

Calls: 7.41% | 8.97%

Puts: 13.21% | 6.15%

Current vs Prior -6.11% | -25.40%

Prior 7-Day Avg 8.62% | 5.06%

Calls: 7.53% | 5.85%

Puts: 9.70% | 4.27%

Current vs 7-Day Avg +12.33% | +11.49%

Liquidity Pricy

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🤖 AI Insights

Bearish P/C ratio of 1.37 indicates protective positioning. P/C ratio rising 337% - increased hedging/bearish positioning. Call-heavy open interest (1,978,192 calls vs 1,210,643 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
11:00	BEARISH	BEARISH	BEARISH
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 354 of results (avg 3.9%, best 1.0%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$71.00	Nov 6	10.30	10.40	$10.35	1.0%	--	1.00	54
$66.00	Oct 28	15.25	15.40	$15.33	1.0%	4	1.00	--
$82.00	Nov 30	0.84	0.85	$0.85	1.2%	39	0.38	7.2K
$66.00	Oct 30	15.25	15.45	$15.35	1.3%	--	1.00	50
$67.00	Oct 30	14.25	14.45	$14.35	1.4%	--	1.00	50

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$95.00	Oct 28	13.60	13.75	$13.68	1.1%	3	1.00	--
$94.00	Oct 28	12.60	12.75	$12.68	1.2%	3	1.00	--
$90.00	Nov 6	8.90	9.05	$8.98	1.7%	--	0.99	29
$81.00	Nov 4	0.58	0.59	$0.59	1.7%	195	0.51	2.1K
$93.00	Oct 28	11.60	11.80	$11.70	1.7%	1	1.00	--

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 168 found (avg $0.33, cheapest $0.09)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$81.50	Oct 28	0.12	0.13	$0.13	7.7%	614	0.35	2.3K
$81.00	Oct 28	0.37	0.41	$0.39	10.3%	135	0.72	1.2K
$82.00	Oct 30	0.15	0.16	$0.16	6.3%	3.0K	0.25	91.3K
$82.50	Nov 2	0.08	0.09	$0.09	11.1%	442	0.13	2.3K
$83.00	Nov 2	0.05	0.06	$0.06	16.7%	27	0.09	1.1K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$81.00	Oct 28	0.08	0.09	$0.09	11.1%	4.7K	0.28	4.1K
$81.50	Oct 28	0.31	0.34	$0.33	9.1%	16.8K	0.65	5.6K
$79.50	Nov 2	0.05	0.06	$0.06	16.7%	21	0.10	1.4K
$81.00	Oct 30	0.23	0.24	$0.24	4.2%	5.4K	0.37	8.7K
$80.00	Nov 2	0.11	0.12	$0.12	8.3%	41	0.18	1.2K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 249 found (avg delta 0.89, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$77.00	Nov 2	4.25	4.45	$4.35	4.6%	--	1.00	10
$77.50	Nov 2	3.80	3.95	$3.88	3.9%	--	1.00	357
$78.00	Nov 2	3.30	3.45	$3.38	4.4%	--	1.00	14
$78.50	Nov 2	2.76	2.92	$2.84	5.6%	1	1.00	19
$79.00	Nov 2	2.27	2.42	$2.34	6.4%	--	1.00	312

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.50	Oct 28	1.13	1.27	$1.20	11.7%	16	1.00	209
$83.00	Oct 28	1.62	1.73	$1.68	6.5%	10	1.00	12
$84.00	Oct 28	2.61	2.73	$2.67	4.5%	10	1.00	--
$84.50	Oct 28	3.10	3.30	$3.20	6.2%	10	1.00	--
$85.00	Oct 28	3.60	3.75	$3.68	4.1%	2	1.00	--

Most actively traded options today. High liquidity = easy entry/exit. 331 active (total vol 89.8K, top 16.8K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$84.00	Nov 20	0.24	0.25	$0.25	4.0%	9.1K	0.16	90.5K
$82.00	Oct 30	0.15	0.16	$0.16	6.3%	3.0K	0.25	91.3K
$82.50	Nov 13	0.39	0.40	$0.40	2.5%	2.5K	0.27	11.3K
$82.00	Nov 20	0.68	0.69	$0.69	1.4%	1.7K	0.36	43.7K
$81.50	Nov 20	0.87	0.89	$0.88	2.3%	1.6K	0.43	2.7K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$81.50	Oct 28	0.31	0.34	$0.33	9.1%	16.8K	0.65	5.6K
$81.00	Oct 30	0.23	0.24	$0.24	4.2%	5.4K	0.37	8.7K
$81.00	Oct 28	0.08	0.09	$0.09	11.1%	4.7K	0.28	4.1K
$81.50	Nov 2	0.72	0.76	$0.74	5.4%	4.1K	0.64	3.1K
$82.00	Oct 30	0.80	0.85	$0.83	6.0%	3.3K	0.75	3.3K

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 107.0%, max 123.7%)

CALLS (2)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$81.00	Oct 28	Dec 4	25.1%	11.2%	123.7%	137	1.3K
$81.50	Oct 28	Dec 4	26.8%	14.1%	90.2%	626	2.5K

PUTS (2)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$81.00	Oct 28	Dec 4	25.1%	11.2%	123.7%	4.7K	4.4K
$81.50	Oct 28	Dec 4	26.8%	14.1%	90.2%	17.1K	6.1K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 99 found (best R:R 1.50, avg 2.27)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$83.00	$84.00	Nov 27	$0.18	$0.82	$0.18	27%	4.56	$83.18
$84.00	$85.00	Nov 30	$0.12	$0.88	$0.12	19%	7.33	$84.12
$81.00	$81.50	Oct 28	$0.26	$0.24	$0.26	72%	0.92	$81.26
$80.00	$80.50	Nov 20	$0.32	$0.18	$0.32	70%	0.56	$80.32
$83.00	$84.00	Nov 30	$0.19	$0.81	$0.19	27%	4.26	$83.19

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$81.00	$80.00	Nov 30	$0.40	$0.60	$0.40	50%	1.50	$80.60
$79.00	$78.50	Dec 4	$0.11	$0.39	$0.11	28%	3.55	$78.89
$80.50	$80.00	Dec 4	$0.20	$0.30	$0.20	46%	1.50	$80.30
$80.50	$80.00	Nov 27	$0.18	$0.32	$0.18	43%	1.78	$80.32
$81.00	$80.50	Nov 27	$0.22	$0.28	$0.22	50%	1.27	$80.78

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 60 found (best R:R 0.23, avg 0.42)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$81.50	$82.00	Nov 2	$0.16	$0.16	$0.34	62%	0.47	$81.66
$82.00	$83.00	Nov 30	$0.32	$0.32	$0.68	62%	0.47	$82.32
$81.50	$82.00	Dec 4	$0.21	$0.21	$0.29	56%	0.72	$81.71
$82.00	$82.50	Dec 4	$0.18	$0.18	$0.32	62%	0.56	$82.18
$82.00	$83.00	Oct 30	$0.11	$0.11	$0.89	75%	0.12	$82.11

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$81.00	$80.00	Oct 30	$0.19	$0.19	$0.81	63%	0.23	$80.81
$80.00	$79.00	Nov 9	$0.20	$0.20	$0.80	71%	0.25	$79.80
$80.50	$80.00	Nov 2	$0.12	$0.12	$0.38	68%	0.32	$80.38
$80.00	$79.50	Nov 4	$0.10	$0.10	$0.40	75%	0.25	$79.90
$80.00	$79.00	Nov 11	$0.21	$0.21	$0.79	69%	0.27	$79.79

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $0.30, cheapest $0.20)

CALLS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$81.50	Oct 28	Nov 2	$0.20	26.8%	13.1%

PUTS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$81.50	Oct 28	Nov 2	$0.41	26.8%	13.1%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 192 found (cheapest 0.57% of stock, avg 4.57%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$81.50	Oct 28	$0.13	$0.33	$0.46	$81.04	$81.96	0.57%
$81.00	Oct 28	$0.39	$0.09	$0.48	$80.52	$81.48	0.59%
$82.00	Oct 28	$0.04	$0.72	$0.76	$81.24	$82.76	0.93%
$81.00	Oct 30	$0.57	$0.24	$0.81	$80.19	$81.81	1.00%
$80.50	Oct 28	$0.84	$0.02	$0.86	$79.64	$81.36	1.06%
$82.00	Oct 30	$0.16	$0.83	$0.99	$81.01	$82.99	1.22%
$81.00	Nov 2	$0.59	$0.44	$1.03	$79.97	$82.03	1.27%
$81.50	Nov 2	$0.33	$0.74	$1.07	$80.43	$82.57	1.32%
$80.50	Nov 2	$0.95	$0.24	$1.19	$79.31	$81.69	1.46%
$82.50	Oct 28	$0.01	$1.20	$1.21	$81.29	$83.71	1.49%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 229 found (cheapest 0.07% of stock, avg 0.95%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$82.00	$80.50	Oct 28	$0.04	$0.02	$0.06	$80.44	$82.06
$83.50	$79.00	Nov 2	$0.04	$0.04	$0.08	$78.92	$83.58
$83.00	$80.00	Oct 30	$0.05	$0.05	$0.10	$79.90	$83.10
$83.00	$79.00	Nov 2	$0.06	$0.04	$0.10	$78.90	$83.10
$83.50	$79.50	Nov 2	$0.04	$0.06	$0.10	$79.40	$83.60
$83.00	$79.50	Nov 2	$0.06	$0.06	$0.12	$79.38	$83.12
$85.00	$78.00	Nov 9	$0.07	$0.06	$0.13	$77.87	$85.13
$83.50	$78.50	Nov 4	$0.08	$0.05	$0.13	$78.37	$83.63
$82.50	$79.00	Nov 2	$0.09	$0.04	$0.13	$78.87	$82.63
$82.50	$79.50	Nov 2	$0.09	$0.06	$0.15	$79.35	$82.65

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 23 found (best R:R 1.38, avg credit $0.28)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
79/80	82/83	Dec 4	$0.29	$0.21	34%	1.38	$79.21	$82.79
78/79	82/83	Dec 4	$0.26	$0.24	40%	1.08	$78.74	$82.76
79/80	82/83	Nov 27	$0.26	$0.24	39%	1.08	$79.24	$82.76
79/80	82/83	Nov 13	$0.21	$0.29	48%	0.72	$79.29	$82.71
79/80	82/82	Nov 13	$0.24	$0.26	41%	0.92	$79.26	$82.24
80/80	82/83	Nov 13	$0.24	$0.26	41%	0.92	$79.76	$82.74
79/80	83/84	Dec 4	$0.25	$0.25	39%	1.00	$79.25	$83.25
79/80	82/83	Nov 20	$0.23	$0.27	42%	0.85	$79.27	$82.73
78/79	83/84	Dec 4	$0.22	$0.28	44%	0.79	$78.78	$83.22
80/80	82/82	Nov 13	$0.27	$0.23	34%	1.17	$79.73	$82.27

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 82 found (best R:R 6.69, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$79.00	$80.00	$81.00	Oct 30	$0.13	$0.87	34%	6.69
$81.00	$82.00	$83.00	Oct 30	$0.30	$0.70	54%	2.33
$83.00	$85.00	$87.00	Nov 11	$0.12	$1.88	16%	15.67
$80.00	$81.00	$82.00	Oct 30	$0.41	$0.59	65%	1.44
$80.00	$80.50	$81.00	Nov 2	$0.08	$0.42	44%	5.25

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$80.00	$81.00	$82.00	Oct 30	$0.40	$0.60	66%	1.50
$81.00	$82.00	$83.00	Oct 30	$0.30	$0.70	55%	2.33
$81.00	$81.50	$82.00	Oct 28	$0.15	$0.35	61%	2.33
$79.00	$80.00	$81.00	Oct 30	$0.16	$0.84	34%	5.25
$79.00	$80.00	$81.00	Nov 9	$0.18	$0.82	36%	4.56

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 155 found (best net $-2.31, 139 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$67.00	$73.00	1:2	Nov 30	-$2.31	$3.69
$79.00	$80.00	1:2	Oct 30	-$0.44	$0.56
$81.00	$81.50	1:2	Nov 2	-$0.07	$0.43
$80.50	$81.00	1:2	Nov 2	-$0.23	$0.27
$80.00	$80.50	1:2	Oct 28	-$0.39	$0.11

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$86.00	$83.00	1:2	Dec 4	-$0.23	$2.77
$85.00	$83.00	1:2	Nov 27	-$0.60	$1.40
$82.00	$81.00	1:2	Nov 9	-$0.10	$0.90
$84.00	$83.00	1:2	Oct 28	-$0.69	$0.31
$82.50	$82.00	1:2	Oct 28	-$0.24	$0.26

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 68 found (best yield 1.35%, avg 0.40%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$81.50	Dec 4	$1.10	0.43	0.2%	1.35%	1.60%	12	237
$82.00	Dec 4	$0.89	0.38	0.9%	1.09%	1.96%	7	149
$81.50	Nov 27	$1.02	0.44	0.2%	1.25%	1.50%	6	726
$82.00	Nov 30	$0.84	0.38	0.9%	1.03%	1.89%	39	7.2K
$82.50	Dec 4	$0.72	0.32	1.5%	0.89%	2.36%	1	69
$82.00	Nov 27	$0.81	0.38	0.9%	1.00%	1.86%	154	1.9K
$82.50	Nov 27	$0.64	0.32	1.5%	0.79%	2.26%	33	783
$83.00	Dec 4	$0.57	0.27	2.1%	0.70%	2.79%	2	282
$83.00	Nov 30	$0.52	0.27	2.1%	0.64%	2.73%	227	89.4K
$83.50	Dec 4	$0.46	0.23	2.7%	0.57%	3.27%	51	53

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 38,468

Total Puts 52,716

Put/Call Ratio 1.37

Net Difference -14,248

Prior's Put/Call Breakdown

Total Calls 57,602

Total Puts 18,064

Put/Call Ratio 0.31

Net Difference 39,538

Prior 7-Day Put/Call Summary

Total Calls 1,359,389

Total Puts 935,097

Average Put/Call Ratio 0.72

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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