TLT - Options Database

TLT

iShares 20+ Year Treasury Bond ETF

$81.43 -0.25%

(10/28 12:00) ◀

Wednesday, October 28, 2026 (1:00pm)

▶ (10/28 14:00)

◀ 10/28 13:00 ▶

Option Volume

Detail

ℹ

Current (10/28 1:00pm) 186,947

Calls: 81,186 (43%)

Puts: 105,761 (57%)

Prior (10/27) 123,937

Calls: 92,047 (74%)

Puts: 31,890 (26%)

Current vs Prior +50.84%

Calls: -11.80% (Calls)

Puts: +231.64% (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 -42.97%

Calls: -58.19%

Puts: -20.83%

Sentiment BEARISH

Dollar Volume

Detail

ℹ

Current (10/28 1:00pm) $6.62M

Calls: $3.62M (55%)

Puts: $3.00M (45%)

Prior (10/27) $4.77M

Calls: $3.67M (77%)

Puts: $1.11M (23%)

Current vs Prior +38.66%

Calls: -1.33%

Puts: +171.32%

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 -60.68%

Calls: -70.17%

Puts: -36.16%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (10/28 1:00pm) 1.30

Prior (10/27) 0.35

Current vs Prior +276.01%

Prior 7-Day Average 0.72

Current vs Prior 7-Day Avg +80.60%

Sentiment BEARISH

Open Interest

Detail

ℹ

Current (10/28 1:00pm) 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% | 1.69%1.69% | 2.09%2.90% | 4.72%

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

Current vs Prior -12.29% | -3.26%-3.26% | -4.79%-1.43% | +1.03%

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

Current vs 7-Day Avg -15.67% | +16.83%+26.97% | -10.73%+33.25% | +9.02%

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

Current vs 7-Day Eod -12.29% | -3.26%-3.26% | -4.79%-1.01% | +1.03%

Sentiment BULLISHBULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 12.88% | 5.18%

Calls: 16.67% | 7.58%

Puts: 9.09% | 2.78%

Prior 10.31% | 7.56%

Calls: 7.41% | 8.97%

Puts: 13.21% | 6.15%

Current vs Prior +24.93% | -31.48%

Prior 7-Day Avg 8.62% | 5.06%

Calls: 7.53% | 5.85%

Puts: 9.70% | 4.27%

Current vs 7-Day Avg +49.47% | +2.40%

Liquidity Pricy

Add Card

🤖 AI Insights

Above-average activity with volume up 51% vs prior. Bearish P/C ratio of 1.30 indicates protective positioning. P/C ratio rising 276% - increased hedging/bearish positioning. Call-heavy open interest (1,978,192 calls vs 1,210,643 puts) suggests bullish positioning.

Smart Money BULLISH

Retail Flow BEARISH

Overall BEARISH

Dollar Volume

Option Volume

Put/Call Ratio

Open Interest

Expected Move

Current BULLISH

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
13:00	BULLISH	BEARISH	BEARISH
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 346 of results (avg 4.0%, best 0.6%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$66.00	Oct 28	15.35	15.50	$15.43	1.0%	4	1.00	--
$67.00	Oct 28	14.35	14.50	$14.43	1.0%	4	1.00	--
$68.00	Oct 28	13.35	13.50	$13.43	1.1%	9	1.00	--
$69.00	Oct 28	12.35	12.50	$12.43	1.2%	9	1.00	--
$66.00	Oct 30	15.35	15.55	$15.45	1.3%	--	1.00	50

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$90.00	Nov 13	8.85	8.90	$8.88	0.6%	38	0.98	43
$95.00	Oct 28	13.50	13.65	$13.58	1.1%	5	1.00	--
$90.00	Nov 6	8.80	8.90	$8.85	1.1%	--	0.99	29
$94.00	Oct 28	12.50	12.65	$12.58	1.2%	5	1.00	--
$93.00	Oct 28	11.50	11.65	$11.58	1.3%	1	1.00	--

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 162 found (avg $0.33, cheapest $0.06)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$81.50	Oct 28	0.15	0.16	$0.16	6.3%	4.1K	0.45	2.3K
$81.00	Oct 28	0.44	0.52	$0.48	16.7%	268	0.81	1.2K
$82.00	Oct 30	0.17	0.18	$0.18	5.6%	8.4K	0.28	91.3K
$82.00	Nov 2	0.18	0.20	$0.19	10.5%	1.2K	0.26	1.2K
$83.00	Nov 4	0.10	0.12	$0.11	18.2%	544	0.13	757

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$81.00	Oct 28	0.05	0.06	$0.06	16.7%	15.9K	0.20	4.1K
$81.50	Oct 28	0.21	0.23	$0.22	9.1%	21.5K	0.56	5.6K
$81.00	Oct 30	0.20	0.21	$0.21	4.8%	13.4K	0.32	8.7K
$79.50	Nov 2	0.05	0.06	$0.06	16.7%	70	0.09	1.4K
$80.00	Nov 2	0.10	0.11	$0.11	9.1%	453	0.16	1.2K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 246 found (avg delta 0.90, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$77.00	Nov 2	4.35	4.55	$4.45	4.5%	--	1.00	10
$77.50	Nov 2	3.85	4.05	$3.95	5.1%	--	1.00	357
$78.00	Nov 2	3.35	3.55	$3.45	5.8%	--	1.00	14
$78.50	Nov 2	2.89	3.05	$2.97	5.4%	1	1.00	19
$79.00	Nov 2	2.40	2.52	$2.46	4.9%	--	1.00	312

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.50	Oct 28	1.02	1.15	$1.09	11.9%	17	1.00	209
$83.00	Oct 28	1.52	1.65	$1.59	8.2%	10	1.00	12
$84.00	Oct 28	2.51	2.65	$2.58	5.4%	10	1.00	--
$84.50	Oct 28	3.00	3.15	$3.08	4.9%	10	1.00	--
$85.00	Oct 28	3.50	3.65	$3.58	4.2%	2	1.00	--

Most actively traded options today. High liquidity = easy entry/exit. 362 active (total vol 185.5K, top 21.5K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$84.00	Nov 20	0.24	0.25	$0.25	4.0%	11.5K	0.16	90.5K
$82.00	Oct 30	0.17	0.18	$0.18	5.6%	8.4K	0.28	91.3K
$82.50	Nov 13	0.40	0.42	$0.41	4.9%	8.2K	0.28	11.3K
$83.00	Oct 30	0.04	0.05	$0.05	20.0%	5.1K	0.09	18.7K
$85.00	Nov 13	0.09	0.10	$0.10	10.0%	5.1K	0.08	8.4K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$81.50	Oct 28	0.21	0.23	$0.22	9.1%	21.5K	0.56	5.6K
$81.00	Oct 28	0.05	0.06	$0.06	16.7%	15.9K	0.20	4.1K
$81.00	Oct 30	0.20	0.21	$0.21	4.8%	13.4K	0.32	8.7K
$80.00	Oct 30	0.04	0.05	$0.05	20.0%	9.4K	0.09	28.7K
$79.00	Nov 20	0.30	0.31	$0.31	3.2%	5.9K	0.20	49.6K

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 148.2%, max 185.5%)

CALLS (2)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$81.00	Oct 28	Dec 4	32.5%	11.4%	185.5%	272	1.3K
$81.50	Oct 28	Dec 4	29.8%	14.1%	111.0%	4.1K	2.5K

PUTS (2)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$81.00	Oct 28	Dec 4	32.5%	11.4%	185.5%	15.9K	4.4K
$81.50	Oct 28	Dec 4	29.8%	14.1%	111.0%	21.8K	6.1K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 98 found (best R:R 0.72, avg 2.17)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$76.50	$78.00	Dec 4	$0.87	$0.63	$0.87	100%	0.72	$77.37
$84.00	$85.00	Nov 30	$0.12	$0.88	$0.12	19%	7.33	$84.12
$81.00	$81.50	Oct 28	$0.32	$0.18	$0.32	80%	0.56	$81.32
$84.00	$85.00	Nov 27	$0.12	$0.88	$0.12	19%	7.33	$84.12
$80.00	$81.00	Nov 30	$0.62	$0.38	$0.62	69%	0.61	$80.62

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$81.00	$80.50	Dec 4	$0.21	$0.29	$0.21	51%	1.38	$80.79
$82.00	$81.00	Nov 11	$0.56	$0.44	$0.56	66%	0.79	$81.44
$81.00	$80.50	Nov 27	$0.20	$0.30	$0.20	48%	1.50	$80.80
$82.00	$81.00	Nov 9	$0.57	$0.43	$0.57	67%	0.75	$81.43
$82.00	$81.00	Nov 30	$0.53	$0.47	$0.53	60%	0.89	$81.47

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 59 found (best R:R 0.19, avg 0.43)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$81.50	$82.00	Oct 28	$0.13	$0.13	$0.37	56%	0.35	$81.63
$82.00	$83.00	Nov 30	$0.35	$0.35	$0.65	60%	0.54	$82.35
$81.50	$82.00	Nov 2	$0.18	$0.18	$0.32	58%	0.56	$81.68
$82.00	$83.00	Oct 30	$0.13	$0.13	$0.87	72%	0.15	$82.13
$81.50	$82.00	Nov 4	$0.19	$0.19	$0.31	57%	0.61	$81.69

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$81.00	$80.00	Oct 30	$0.16	$0.16	$0.84	68%	0.19	$80.84
$80.00	$79.00	Nov 11	$0.20	$0.20	$0.80	71%	0.25	$79.80
$80.00	$79.00	Nov 9	$0.17	$0.17	$0.83	73%	0.20	$79.83
$81.00	$80.00	Nov 9	$0.35	$0.35	$0.65	53%	0.54	$80.65
$81.00	$80.50	Nov 2	$0.17	$0.17	$0.33	56%	0.52	$80.83

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $0.32, cheapest $0.21)

CALLS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$81.50	Oct 28	Nov 2	$0.21	29.8%	13.1%

PUTS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$81.50	Oct 28	Nov 2	$0.43	29.8%	13.1%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 196 found (cheapest 0.47% of stock, avg 4.58%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$81.50	Oct 28	$0.16	$0.22	$0.38	$81.12	$81.88	0.47%
$81.00	Oct 28	$0.48	$0.06	$0.54	$80.46	$81.54	0.66%
$82.00	Oct 28	$0.03	$0.61	$0.64	$81.36	$82.64	0.79%
$81.00	Oct 30	$0.66	$0.21	$0.87	$80.13	$81.87	1.07%
$82.00	Oct 30	$0.18	$0.72	$0.90	$81.10	$82.90	1.11%
$80.50	Oct 28	$0.93	$0.02	$0.95	$79.55	$81.45	1.17%
$81.50	Nov 2	$0.37	$0.65	$1.02	$80.48	$82.52	1.25%
$81.00	Nov 2	$0.67	$0.38	$1.05	$79.95	$82.05	1.29%
$82.50	Oct 28	$0.01	$1.09	$1.10	$81.40	$83.60	1.35%
$82.00	Nov 2	$0.19	$1.04	$1.23	$80.77	$83.23	1.51%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 227 found (cheapest 0.06% of stock, avg 1.07%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$82.00	$80.50	Oct 28	$0.03	$0.02	$0.05	$80.45	$82.05
$82.00	$81.00	Oct 28	$0.03	$0.06	$0.09	$80.91	$82.09
$83.00	$80.00	Oct 30	$0.05	$0.05	$0.10	$79.90	$83.10
$83.00	$79.50	Nov 2	$0.05	$0.06	$0.11	$79.39	$83.11
$85.00	$78.00	Nov 9	$0.06	$0.07	$0.13	$77.87	$85.13
$82.50	$79.50	Nov 2	$0.09	$0.06	$0.15	$79.35	$82.65
$83.50	$79.00	Nov 4	$0.08	$0.08	$0.16	$78.84	$83.66
$85.00	$78.00	Nov 11	$0.08	$0.09	$0.17	$77.83	$85.17
$84.00	$78.00	Nov 9	$0.10	$0.07	$0.17	$77.83	$84.17
$83.00	$80.00	Nov 2	$0.05	$0.11	$0.16	$79.84	$83.16

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 23 found (best R:R 1.17, avg credit $0.30)

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
78/79	83/84	Dec 4	$0.24	$0.26	44%	0.92	$78.76	$83.24
79/80	82/83	Dec 4	$0.29	$0.21	34%	1.38	$79.21	$82.79
79/80	83/84	Dec 4	$0.26	$0.24	39%	1.08	$79.24	$83.26
79/80	82/83	Nov 27	$0.26	$0.24	39%	1.08	$79.24	$82.76
80/80	82/83	Nov 27	$0.29	$0.21	32%	1.38	$79.71	$82.79
80/80	82/83	Nov 20	$0.26	$0.24	36%	1.08	$79.74	$82.76
80/80	82/83	Nov 13	$0.23	$0.27	41%	0.85	$79.77	$82.73
80/80	82/82	Nov 6	$0.22	$0.28	42%	0.79	$79.78	$82.22
80/80	82/82	Nov 4	$0.23	$0.27	37%	0.85	$80.27	$82.23

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 87 found (best R:R 17.18, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$83.00	$85.00	$87.00	Nov 11	$0.11	$1.89	17%	17.18
$80.00	$81.00	$82.00	Oct 30	$0.35	$0.65	62%	1.86
$81.00	$81.50	$82.00	Oct 28	$0.19	$0.31	69%	1.63
$81.00	$82.00	$83.00	Oct 30	$0.35	$0.65	59%	1.86
$80.00	$80.50	$81.00	Nov 2	$0.06	$0.44	38%	7.33

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$80.00	$81.00	$82.00	Oct 30	$0.35	$0.65	62%	1.86
$81.50	$82.00	$82.50	Oct 28	$0.09	$0.41	44%	4.56
$82.00	$83.00	$84.00	Oct 30	$0.09	$0.91	24%	10.11
$79.00	$80.00	$81.00	Oct 30	$0.13	$0.87	29%	6.69
$80.50	$81.00	$81.50	Oct 28	$0.12	$0.38	50%	3.17

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 164 found (best net $-2.51, 149 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$67.00	$73.00	1:2	Nov 30	-$2.51	$3.49
$79.00	$80.00	1:2	Oct 30	-$0.50	$0.50
$80.00	$81.00	1:2	Nov 11	-$0.27	$0.73
$81.00	$81.50	1:2	Nov 2	-$0.07	$0.43
$82.00	$83.00	1:2	Nov 30	-$0.20	$0.80

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$86.00	$83.00	1:2	Dec 4	$0.00	$3.00
$85.00	$83.00	1:2	Nov 27	-$0.53	$1.47
$82.00	$81.00	1:2	Nov 9	-$0.09	$0.91
$84.00	$83.00	1:2	Oct 28	-$0.60	$0.40
$82.00	$81.00	1:2	Nov 11	-$0.18	$0.82

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 68 found (best yield 1.42%, avg 0.41%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$81.50	Dec 4	$1.16	0.45	0.1%	1.42%	1.51%	27	237
$82.00	Dec 4	$0.94	0.39	0.7%	1.15%	1.85%	9	149
$81.50	Nov 27	$1.08	0.46	0.1%	1.33%	1.41%	417	726
$82.50	Dec 4	$0.75	0.34	1.3%	0.92%	2.24%	8	69
$82.00	Nov 30	$0.88	0.40	0.7%	1.08%	1.78%	43	7.2K
$82.00	Nov 27	$0.86	0.40	0.7%	1.06%	1.76%	276	1.9K
$82.50	Nov 27	$0.67	0.34	1.3%	0.82%	2.14%	434	783
$83.00	Dec 4	$0.59	0.28	1.9%	0.72%	2.65%	103	282
$83.00	Nov 30	$0.54	0.28	1.9%	0.66%	2.59%	254	89.4K
$83.50	Dec 4	$0.47	0.24	2.5%	0.58%	3.12%	81	53

Current 5-Minute Volume Snapshots

Time (HH:MM)	Total Volume	Call Volume	Put Volume	Volume Change
Loading data...

Prior's 5-Minute Volume Snapshots

Time (HH:MM)	Total Volume	Call Volume	Put Volume	Volume Change
Loading data...

Current Put/Call Breakdown

Total Calls 81,186

Total Puts 105,761

Put/Call Ratio 1.30

Net Difference -24,575

Prior's Put/Call Breakdown

Total Calls 92,047

Total Puts 31,890

Put/Call Ratio 0.35

Net Difference 60,157

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
Loading data...

Upcoming Earnings - 2 Weeks Prior

Loading earnings data...

Upcoming Earnings - 1 Week Prior

Loading earnings data...

Earnings This Week

Loading earnings data...

Earnings - Day Before / Day After

Loading earnings data...

Options Activity Around Earnings

Ticker	Earnings Date	Days Away	Call Volume	Put Volume	IV Rank
Loading data...

Option Volume

Dollar Volume

Put/Call Ratio

Open Interest

Expected Move

Relative Spread

🤖 AI Insights

📈 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

Add Card