TLT - Options Database

TLT

iShares 20+ Year Treasury Bond ETF

$81.25 -0.47%

(10/28 11:00) ◀

Wednesday, October 28, 2026 (12:00pm)

▶ (10/28 13:00)

◀ 10/28 12:00 ▶

Option Volume

Detail

ℹ

Current (10/28 12:00pm) 139,769

Calls: 61,584 (44%)

Puts: 78,185 (56%)

Prior (10/27) 104,433

Calls: 76,239 (73%)

Puts: 28,194 (27%)

Current vs Prior +33.84%

Calls: -19.22% (Calls)

Puts: +177.31% (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 -57.36%

Calls: -68.29%

Puts: -41.47%

Sentiment BEARISH

Dollar Volume

Detail

ℹ

Current (10/28 12:00pm) $5.51M

Calls: $2.54M (46%)

Puts: $2.97M (54%)

Prior (10/27) $3.89M

Calls: $2.94M (76%)

Puts: $948.9K (24%)

Current vs Prior +41.65%

Calls: -13.64%

Puts: +212.87%

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 -67.29%

Calls: -79.08%

Puts: -36.82%

Sentiment BEARISH

Put/Call Ratio

Detail

ℹ

Current (10/28 12:00pm) 1.27

Prior (10/27) 0.37

Current vs Prior +243.30%

Prior 7-Day Average 0.72

Current vs Prior 7-Day Avg +76.02%

Sentiment BEARISH

Open Interest

Detail

ℹ

Current (10/28 12:00pm) 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 0.86% | 1.75%1.75% | 2.13%2.93% | 4.74%

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

Current vs Prior -12.09% | -0.23%-0.23% | -2.90%-0.37% | +1.52%

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

Current vs 7-Day Avg -15.48% | +20.48%+30.94% | -8.95%+34.68% | +9.54%

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

Current vs 7-Day Eod -12.09% | -0.23%-0.23% | -2.90%+0.05% | +1.52%

Sentiment BULLISHBULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 7.11% | 5.03%

Calls: 8.33% | 5.45%

Puts: 5.88% | 4.60%

Prior 10.31% | 7.56%

Calls: 7.41% | 8.97%

Puts: 13.21% | 6.15%

Current vs Prior -31.04% | -33.47%

Prior 7-Day Avg 8.62% | 5.06%

Calls: 7.53% | 5.85%

Puts: 9.70% | 4.27%

Current vs 7-Day Avg -17.49% | -0.56%

Liquidity Pricy

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🤖 AI Insights

Bearish P/C ratio of 1.27 indicates protective positioning. P/C ratio rising 243% - 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
12:00	BEARISH	BEARISH	BEARISH
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 360 of results (avg 3.9%, best 0.9%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$65.00	Oct 28	16.20	16.35	$16.27	0.9%	6	1.00	4
$66.00	Oct 28	15.20	15.35	$15.27	1.0%	4	1.00	--
$67.00	Oct 28	14.20	14.35	$14.27	1.1%	4	1.00	--
$68.00	Oct 28	13.20	13.35	$13.27	1.1%	9	1.00	--
$69.00	Oct 28	12.20	12.35	$12.27	1.2%	9	1.00	--

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$95.00	Oct 28	13.65	13.80	$13.73	1.1%	5	1.00	--
$92.00	Oct 28	10.65	10.80	$10.73	1.4%	1	1.00	--
$81.00	Dec 4	1.34	1.36	$1.35	1.5%	2	0.52	239
$94.00	Oct 28	12.65	12.85	$12.75	1.6%	5	1.00	--
$90.00	Nov 13	8.95	9.10	$9.02	1.7%	38	0.98	43

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 169 found (avg $0.33, cheapest $0.10)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$81.50	Oct 28	0.09	0.10	$0.10	10.0%	2.1K	0.30	2.3K
$81.00	Oct 28	0.34	0.37	$0.36	8.3%	215	0.69	1.2K
$82.00	Oct 30	0.14	0.15	$0.15	6.7%	8.0K	0.24	91.3K
$82.50	Nov 2	0.08	0.09	$0.09	11.1%	481	0.13	2.3K
$82.00	Nov 2	0.15	0.16	$0.16	6.3%	623	0.22	1.2K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$81.00	Oct 28	0.10	0.11	$0.11	9.1%	10.4K	0.31	4.1K
$81.50	Oct 28	0.33	0.35	$0.34	5.9%	17.4K	0.70	5.6K
$80.00	Oct 30	0.05	0.06	$0.06	16.7%	7.4K	0.11	28.7K
$79.50	Nov 2	0.06	0.07	$0.07	14.3%	54	0.11	1.4K
$81.00	Oct 30	0.26	0.28	$0.27	7.4%	11.2K	0.39	8.7K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 255 found (avg delta 0.88, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$77.00	Nov 2	4.15	4.40	$4.28	5.8%	--	1.00	10
$77.50	Nov 2	3.70	3.90	$3.80	5.3%	--	1.00	357
$78.00	Nov 2	3.20	3.40	$3.30	6.1%	--	1.00	14
$78.50	Nov 2	2.73	2.87	$2.80	5.0%	1	1.00	19
$79.00	Nov 2	2.25	2.37	$2.31	5.2%	--	1.00	312

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.50	Oct 28	1.19	1.29	$1.24	8.1%	16	1.00	209
$83.00	Oct 28	1.72	1.80	$1.76	4.5%	10	1.00	12
$84.00	Oct 28	2.67	2.80	$2.74	4.7%	10	1.00	--
$84.50	Oct 28	3.15	3.35	$3.25	6.2%	10	1.00	--
$85.00	Oct 28	3.65	3.80	$3.72	4.0%	2	1.00	--

Most actively traded options today. High liquidity = easy entry/exit. 355 active (total vol 138.4K, top 17.4K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$84.00	Nov 20	0.23	0.24	$0.24	4.2%	11.4K	0.15	90.5K
$82.00	Oct 30	0.14	0.15	$0.15	6.7%	8.0K	0.24	91.3K
$85.00	Nov 13	0.09	0.10	$0.10	10.0%	5.1K	0.08	8.4K
$82.50	Nov 13	0.37	0.38	$0.38	2.6%	3.0K	0.27	11.3K
$82.00	Oct 28	0.02	0.03	$0.03	33.3%	2.3K	0.10	5.5K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$81.50	Oct 28	0.33	0.35	$0.34	5.9%	17.4K	0.70	5.6K
$81.00	Oct 30	0.26	0.28	$0.27	7.4%	11.2K	0.39	8.7K
$81.00	Oct 28	0.10	0.11	$0.11	9.1%	10.4K	0.31	4.1K
$80.00	Oct 30	0.05	0.06	$0.06	16.7%	7.4K	0.11	28.7K
$81.50	Nov 2	0.76	0.81	$0.79	6.3%	4.1K	0.64	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. 4 strikes (avg 98.0%, max 102.1%)

CALLS (2)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$81.00	Oct 28	Dec 4	29.0%	14.3%	102.1%	219	1.3K
$81.50	Oct 28	Dec 4	27.4%	14.2%	93.9%	2.1K	2.5K

PUTS (2)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$81.00	Oct 28	Dec 4	29.0%	14.3%	102.1%	10.4K	4.4K
$81.50	Oct 28	Dec 4	27.4%	14.2%	93.9%	17.7K	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 0.52, avg 2.11)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$79.50	$80.00	Nov 27	$0.33	$0.17	$0.33	74%	0.52	$79.83
$80.00	$81.00	Nov 11	$0.63	$0.37	$0.63	74%	0.59	$80.63
$84.00	$85.00	Nov 27	$0.11	$0.89	$0.11	18%	8.09	$84.11
$82.00	$82.50	Nov 6	$0.10	$0.40	$0.10	29%	4.00	$82.10
$84.00	$85.00	Nov 30	$0.12	$0.88	$0.12	18%	7.33	$84.12

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$82.00	$81.00	Nov 30	$0.55	$0.45	$0.55	62%	0.82	$81.45
$81.50	$81.00	Oct 28	$0.23	$0.27	$0.23	70%	1.17	$81.27
$82.00	$81.00	Oct 30	$0.60	$0.40	$0.60	76%	0.67	$81.40
$81.50	$81.00	Nov 13	$0.26	$0.24	$0.26	59%	0.92	$81.24
$81.00	$80.00	Nov 30	$0.41	$0.59	$0.41	51%	1.44	$80.59

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 58 found (best R:R 0.27, avg 0.45)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$81.50	$82.00	Dec 4	$0.22	$0.22	$0.28	57%	0.79	$81.72
$81.50	$82.00	Nov 2	$0.15	$0.15	$0.35	63%	0.43	$81.65
$82.00	$83.00	Nov 30	$0.31	$0.31	$0.69	62%	0.45	$82.31
$82.50	$83.00	Dec 4	$0.15	$0.15	$0.35	68%	0.43	$82.65
$81.50	$82.00	Nov 6	$0.17	$0.17	$0.33	60%	0.52	$81.67

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$81.00	$80.00	Oct 30	$0.21	$0.21	$0.79	61%	0.27	$80.79
$80.00	$79.00	Nov 11	$0.23	$0.23	$0.77	68%	0.30	$79.77
$80.00	$79.00	Nov 9	$0.20	$0.20	$0.80	70%	0.25	$79.80
$80.50	$80.00	Nov 2	$0.13	$0.13	$0.37	68%	0.35	$80.37
$81.00	$80.50	Nov 2	$0.21	$0.21	$0.29	52%	0.72	$80.79

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 4 found (avg debit $0.25, cheapest $0.21)

CALLS (2)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$81.50	Oct 28	Nov 2	$0.21	27.4%	12.8%
$81.00	Oct 28	Oct 30	$0.19	29.0%	15.5%

PUTS (2)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$81.50	Oct 28	Nov 2	$0.45	27.4%	12.8%
$81.00	Oct 28	Oct 30	$0.16	29.0%	15.5%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 196 found (cheapest 0.54% of stock, avg 4.55%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$81.50	Oct 28	$0.10	$0.34	$0.44	$81.06	$81.94	0.54%
$81.00	Oct 28	$0.36	$0.11	$0.47	$80.53	$81.47	0.58%
$82.00	Oct 28	$0.03	$0.78	$0.81	$81.19	$82.81	1.00%
$81.00	Oct 30	$0.55	$0.27	$0.82	$80.18	$81.82	1.01%
$80.50	Oct 28	$0.81	$0.03	$0.84	$79.66	$81.34	1.03%
$82.00	Oct 30	$0.15	$0.87	$1.02	$80.98	$83.02	1.26%
$81.00	Nov 2	$0.56	$0.48	$1.04	$79.96	$82.04	1.28%
$81.50	Nov 2	$0.31	$0.79	$1.10	$80.40	$82.60	1.35%
$80.50	Nov 2	$0.91	$0.27	$1.18	$79.32	$81.68	1.45%
$82.50	Oct 28	$0.01	$1.24	$1.25	$81.25	$83.75	1.54%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 229 found (cheapest 0.07% of stock, avg 0.96%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$82.00	$80.50	Oct 28	$0.03	$0.03	$0.06	$80.44	$82.06
$83.50	$79.00	Nov 2	$0.04	$0.04	$0.08	$78.92	$83.58
$83.00	$79.00	Nov 2	$0.05	$0.04	$0.09	$78.91	$83.09
$83.00	$80.00	Oct 30	$0.05	$0.06	$0.11	$79.89	$83.11
$83.50	$79.50	Nov 2	$0.04	$0.07	$0.11	$79.39	$83.61
$83.50	$78.50	Nov 4	$0.07	$0.05	$0.12	$78.38	$83.62
$83.00	$79.50	Nov 2	$0.05	$0.07	$0.12	$79.38	$83.12
$85.00	$78.00	Nov 9	$0.06	$0.07	$0.13	$77.87	$85.13
$82.50	$79.00	Nov 2	$0.09	$0.04	$0.13	$78.87	$82.63
$81.50	$80.50	Oct 28	$0.10	$0.03	$0.13	$80.37	$81.63

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 20 found (best R:R 1.17, avg credit $0.29)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
78/79	82/83	Dec 4	$0.27	$0.23	39%	1.17	$78.73	$82.77
79/80	82/83	Dec 4	$0.29	$0.21	34%	1.38	$79.21	$82.79
79/80	82/83	Nov 27	$0.26	$0.24	38%	1.08	$79.24	$82.76
78/79	83/84	Dec 4	$0.23	$0.27	44%	0.85	$78.77	$83.23
80/80	82/82	Nov 13	$0.28	$0.22	33%	1.27	$79.72	$82.28
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
80/80	82/83	Nov 20	$0.26	$0.24	35%	1.08	$79.74	$82.76
80/80	82/82	Nov 6	$0.22	$0.28	42%	0.79	$79.78	$82.22
77/78	84/85	Nov 30	$0.22	$0.78	66%	0.28	$77.78	$84.22

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 85 found (best R:R 1.63, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$80.00	$81.00	$82.00	Oct 30	$0.38	$0.62	65%	1.63
$79.00	$80.00	$81.00	Nov 30	$0.11	$0.89	30%	8.09
$83.00	$85.00	$87.00	Nov 11	$0.11	$1.89	16%	17.18
$81.00	$82.00	$83.00	Oct 30	$0.30	$0.70	53%	2.33
$82.00	$83.00	$84.00	Oct 30	$0.07	$0.93	21%	13.29

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$80.00	$81.00	$82.00	Oct 30	$0.39	$0.61	65%	1.56
$81.00	$82.00	$83.00	Oct 30	$0.30	$0.70	54%	2.33
$82.00	$83.00	$84.00	Oct 30	$0.08	$0.92	24%	11.50
$80.50	$81.00	$81.50	Oct 28	$0.15	$0.35	60%	2.33
$79.00	$80.00	$81.00	Oct 30	$0.17	$0.83	36%	4.88

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 160 found (best net $-2.28, 147 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$67.00	$73.00	1:2	Nov 30	-$2.28	$3.72
$79.00	$80.00	1:2	Oct 30	-$0.35	$0.65
$80.00	$81.00	1:2	Nov 11	-$0.23	$0.77
$81.00	$81.50	1:2	Nov 2	-$0.06	$0.44
$80.00	$80.50	1:2	Oct 28	-$0.35	$0.15

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$86.00	$83.00	1:2	Dec 4	-$0.28	$2.72
$85.00	$83.00	1:2	Nov 27	-$0.63	$1.37
$82.00	$81.00	1:2	Nov 9	-$0.13	$0.87
$82.00	$81.00	1:2	Nov 11	-$0.23	$0.77
$84.00	$83.00	1:2	Oct 28	-$0.78	$0.22

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 68 found (best yield 1.34%, avg 0.38%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$81.50	Dec 4	$1.09	0.43	0.3%	1.34%	1.65%	22	237
$82.00	Dec 4	$0.88	0.37	0.9%	1.08%	2.01%	8	149
$81.50	Nov 27	$1.00	0.44	0.3%	1.23%	1.54%	11	726
$82.00	Nov 30	$0.82	0.38	0.9%	1.01%	1.93%	40	7.2K
$82.50	Dec 4	$0.70	0.32	1.5%	0.86%	2.40%	3	69
$82.00	Nov 27	$0.80	0.38	0.9%	0.98%	1.91%	268	1.9K
$82.50	Nov 27	$0.63	0.32	1.5%	0.78%	2.31%	424	783
$83.00	Dec 4	$0.56	0.27	2.1%	0.69%	2.84%	13	282
$83.00	Nov 30	$0.51	0.27	2.1%	0.63%	2.78%	234	89.4K
$81.50	Nov 20	$0.86	0.43	0.3%	1.06%	1.37%	1.6K	2.7K

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 61,584

Total Puts 78,185

Put/Call Ratio 1.27

Net Difference -16,601

Prior's Put/Call Breakdown

Total Calls 76,239

Total Puts 28,194

Put/Call Ratio 0.37

Net Difference 48,045

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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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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