TLT - Options Database

TLT

iShares 20+ Year Treasury Bond ETF

$81.47 -0.20%

(10/28 13:00) ◀

Wednesday, October 28, 2026 (2:00pm)

▶ (10/28 15:00)

◀ 10/28 14:00 ▶

Option Volume

Detail

ℹ

Current (10/28 2:00pm) 225,607

Calls: 96,175 (43%)

Puts: 129,432 (57%)

Prior (10/27) 134,684

Calls: 98,790 (73%)

Puts: 35,894 (27%)

Current vs Prior +67.51%

Calls: -2.65% (Calls)

Puts: +260.60% (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 -31.17%

Calls: -50.48%

Puts: -3.11%

Sentiment BEARISH

Dollar Volume

Detail

ℹ

Current (10/28 2:00pm) $7.52M

Calls: $4.27M (57%)

Puts: $3.25M (43%)

Prior (10/27) $5.53M

Calls: $4.22M (76%)

Puts: $1.31M (24%)

Current vs Prior +35.94%

Calls: +1.23%

Puts: +147.47%

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 -55.33%

Calls: -64.81%

Puts: -30.86%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (10/28 2:00pm) 1.35

Prior (10/27) 0.36

Current vs Prior +270.40%

Prior 7-Day Average 0.72

Current vs Prior 7-Day Avg +86.58%

Sentiment BEARISH

Open Interest

Detail

ℹ

Current (10/28 2:00pm) 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 0.88% | 1.69%1.69% | 2.06%2.87% | 4.68%

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

Current vs Prior -9.82% | -3.31%-3.31% | -5.96%-2.31% | +0.20%

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

Current vs 7-Day Avg -13.30% | +16.77%+26.91% | -11.82%+32.06% | +8.11%

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

Current vs 7-Day Eod -9.82% | -3.31%-3.31% | -5.96%-1.90% | +0.20%

Sentiment BULLISHBULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 15.57% | 9.42%

Calls: 21.15% | 10.14%

Puts: 10.00% | 8.70%

Prior 10.31% | 7.56%

Calls: 7.41% | 8.97%

Puts: 13.21% | 6.15%

Current vs Prior +51.02% | +24.60%

Prior 7-Day Avg 8.62% | 5.06%

Calls: 7.53% | 5.85%

Puts: 9.70% | 4.27%

Current vs 7-Day Avg +80.69% | +86.22%

Liquidity Expensive

Add Card

🤖 AI Insights

Above-average activity with volume up 68% vs prior. Bearish P/C ratio of 1.35 indicates protective positioning. P/C ratio rising 270% - 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
14:00	BULLISH	BEARISH	BEARISH
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 322 of results (avg 4.6%, best 1.3%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$66.00	Oct 30	15.40	15.60	$15.50	1.3%	--	1.00	50
$67.00	Oct 30	14.40	14.60	$14.50	1.4%	--	1.00	50
$68.00	Oct 30	13.40	13.60	$13.50	1.5%	--	1.00	397
$69.00	Oct 30	12.40	12.60	$12.50	1.6%	--	1.00	159
$69.00	Nov 6	12.40	12.60	$12.50	1.6%	--	1.00	38

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$95.00	Nov 20	13.70	13.95	$13.83	1.8%	--	0.99	23
$95.00	Oct 28	13.40	13.65	$13.53	1.8%	5	1.00	--
$94.00	Oct 28	12.40	12.65	$12.53	2.0%	5	1.00	--
$93.00	Oct 28	11.40	11.65	$11.53	2.2%	1	1.00	--
$92.00	Nov 20	10.70	10.95	$10.83	2.3%	--	0.98	83

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 138 found (avg $0.38, cheapest $0.16)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$81.50	Oct 28	0.15	0.17	$0.16	12.5%	7.2K	0.47	2.3K
$82.00	Oct 30	0.18	0.19	$0.19	5.3%	10.3K	0.30	91.3K
$82.00	Nov 2	0.18	0.21	$0.20	15.0%	1.3K	0.27	1.2K
$83.00	Nov 4	0.10	0.12	$0.11	18.2%	545	0.14	757
$82.50	Nov 4	0.17	0.18	$0.18	5.6%	313	0.20	2.3K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$81.50	Oct 28	0.19	0.21	$0.20	10.0%	24.9K	0.54	5.6K
$81.00	Oct 30	0.17	0.19	$0.18	11.1%	19.3K	0.30	8.7K
$82.00	Oct 28	0.51	0.60	$0.55	16.4%	725	0.87	1.4K
$80.00	Nov 2	0.09	0.10	$0.10	10.0%	522	0.15	1.2K
$80.50	Nov 2	0.18	0.20	$0.19	10.5%	654	0.27	1.5K

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
$66.00	Oct 28	15.35	15.60	$15.48	1.6%	4	1.00	--
$67.00	Oct 28	14.35	14.60	$14.48	1.7%	4	1.00	--
$68.00	Oct 28	13.35	13.60	$13.48	1.9%	9	1.00	--
$69.00	Oct 28	12.35	12.60	$12.48	2.0%	9	1.00	--
$71.00	Oct 28	10.35	10.60	$10.48	2.4%	--	1.00	10

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$85.00	Oct 30	3.40	3.65	$3.53	7.1%	--	1.00	10
$92.00	Oct 28	10.40	10.65	$10.53	2.4%	1	1.00	--
$93.00	Oct 28	11.40	11.65	$11.53	2.2%	1	1.00	--
$94.00	Oct 28	12.40	12.65	$12.53	2.0%	5	1.00	--
$95.00	Oct 28	13.40	13.65	$13.53	1.8%	5	1.00	--

Most actively traded options today. High liquidity = easy entry/exit. 372 active (total vol 224.1K, top 24.9K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.50	Nov 13	0.40	0.42	$0.41	4.9%	11.7K	0.29	11.3K
$84.00	Nov 20	0.24	0.26	$0.25	8.0%	11.5K	0.17	90.5K
$82.00	Oct 30	0.18	0.19	$0.19	5.3%	10.3K	0.30	91.3K
$81.50	Oct 28	0.15	0.17	$0.16	12.5%	7.2K	0.47	2.3K
$83.00	Oct 30	0.04	0.05	$0.05	20.0%	5.2K	0.09	18.7K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$81.50	Oct 28	0.19	0.21	$0.20	10.0%	24.9K	0.54	5.6K
$81.00	Oct 28	0.04	0.05	$0.05	20.0%	21.4K	0.17	4.1K
$81.00	Oct 30	0.17	0.19	$0.18	11.1%	19.3K	0.30	8.7K
$80.00	Oct 30	0.03	0.05	$0.04	50.0%	9.6K	0.08	28.7K
$80.50	Oct 28	0.01	0.02	$0.02	50.0%	8.3K	0.06	2.9K

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 190.0%, max 233.1%)

CALLS (2)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$81.00	Oct 28	Dec 4	37.5%	11.3%	233.1%	298	1.3K
$81.50	Oct 28	Dec 4	34.6%	14.0%	146.9%	7.2K	2.5K

PUTS (2)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$81.00	Oct 28	Dec 4	37.5%	11.3%	233.1%	21.5K	4.4K
$81.50	Oct 28	Dec 4	34.6%	14.0%	146.9%	25.2K	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 1.78, avg 2.22)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$84.00	$85.00	Nov 27	$0.12	$0.88	$0.12	19%	7.33	$84.12
$84.00	$85.00	Nov 30	$0.13	$0.87	$0.13	20%	6.69	$84.13
$82.50	$83.00	Nov 13	$0.11	$0.39	$0.11	29%	3.55	$82.61
$83.00	$84.00	Nov 9	$0.10	$0.90	$0.10	18%	9.00	$83.10
$82.50	$83.00	Nov 20	$0.13	$0.37	$0.13	32%	2.85	$82.63

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$80.50	$80.00	Dec 4	$0.18	$0.32	$0.18	44%	1.78	$80.32
$81.00	$80.00	Nov 30	$0.37	$0.63	$0.37	48%	1.70	$80.63
$81.00	$80.50	Nov 27	$0.20	$0.30	$0.20	48%	1.50	$80.80
$81.50	$81.00	Nov 20	$0.24	$0.26	$0.24	55%	1.08	$81.26
$81.50	$81.00	Nov 27	$0.24	$0.26	$0.24	54%	1.08	$81.26

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 61 found (best R:R 0.16, avg 0.42)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$81.50	$82.00	Nov 2	$0.19	$0.19	$0.31	56%	0.61	$81.69
$81.50	$82.00	Oct 28	$0.13	$0.13	$0.37	54%	0.35	$81.63
$82.00	$83.00	Oct 30	$0.14	$0.14	$0.86	70%	0.16	$82.14
$81.50	$82.00	Nov 27	$0.23	$0.23	$0.27	53%	0.85	$81.73
$82.00	$83.00	Nov 30	$0.34	$0.34	$0.66	60%	0.52	$82.34

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$81.00	$80.00	Oct 30	$0.14	$0.14	$0.86	70%	0.16	$80.86
$80.00	$79.00	Nov 9	$0.17	$0.17	$0.83	74%	0.20	$79.83
$80.00	$79.00	Nov 11	$0.19	$0.19	$0.81	72%	0.23	$79.81
$81.00	$80.50	Nov 2	$0.17	$0.17	$0.33	58%	0.52	$80.83
$81.00	$80.00	Nov 9	$0.34	$0.34	$0.66	54%	0.52	$80.66

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $0.33, cheapest $0.23)

CALLS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$81.50	Oct 28	Nov 2	$0.23	34.6%	13.1%

PUTS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$81.50	Oct 28	Nov 2	$0.43	34.6%	13.1%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 196 found (cheapest 0.44% of stock, avg 4.58%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$81.50	Oct 28	$0.16	$0.20	$0.36	$81.14	$81.86	0.44%
$81.00	Oct 28	$0.52	$0.05	$0.57	$80.43	$81.57	0.70%
$82.00	Oct 28	$0.03	$0.55	$0.58	$81.42	$82.58	0.71%
$81.00	Oct 30	$0.69	$0.18	$0.87	$80.13	$81.87	1.07%
$82.00	Oct 30	$0.19	$0.69	$0.88	$81.12	$82.88	1.08%
$80.50	Oct 28	$0.99	$0.02	$1.01	$79.49	$81.51	1.24%
$81.50	Nov 2	$0.39	$0.63	$1.02	$80.48	$82.52	1.25%
$82.50	Oct 28	$0.01	$1.02	$1.03	$81.47	$83.53	1.26%
$81.00	Nov 2	$0.69	$0.36	$1.05	$79.95	$82.05	1.29%
$82.00	Nov 2	$0.20	$0.99	$1.19	$80.81	$83.19	1.46%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 227 found (cheapest 0.06% of stock, avg 1.05%)

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	$0.05	$0.08	$80.92	$82.08
$83.00	$80.00	Oct 30	$0.05	$0.04	$0.09	$79.91	$83.09
$83.00	$79.50	Nov 2	$0.05	$0.05	$0.10	$79.40	$83.10
$85.00	$78.00	Nov 9	$0.06	$0.06	$0.12	$77.88	$85.12
$83.50	$79.00	Nov 4	$0.07	$0.07	$0.14	$78.86	$83.64
$83.00	$80.00	Nov 2	$0.05	$0.10	$0.15	$79.85	$83.15
$82.50	$79.50	Nov 2	$0.10	$0.05	$0.15	$79.35	$82.65
$85.00	$78.00	Nov 11	$0.08	$0.08	$0.16	$77.84	$85.16
$84.00	$78.00	Nov 9	$0.10	$0.06	$0.16	$77.84	$84.16

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 26 found (best R:R 0.92, avg credit $0.29)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
78/79	83/84	Dec 4	$0.24	$0.26	45%	0.92	$78.76	$83.24
78/79	82/83	Dec 4	$0.26	$0.24	40%	1.08	$78.74	$82.76
79/80	83/84	Dec 4	$0.26	$0.24	39%	1.08	$79.24	$83.26
79/80	83/84	Nov 20	$0.21	$0.29	49%	0.72	$79.29	$83.21
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	33%	1.38	$79.71	$82.79
80/80	83/84	Nov 20	$0.24	$0.26	42%	0.92	$79.76	$83.24
79/80	82/83	Dec 4	$0.28	$0.22	34%	1.27	$79.22	$82.78
79/80	82/83	Nov 20	$0.23	$0.27	43%	0.85	$79.27	$82.73
80/80	82/82	Nov 6	$0.23	$0.27	42%	0.85	$79.77	$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 1.86, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$80.00	$81.00	$82.00	Oct 30	$0.36	$0.64	62%	1.78
$83.00	$85.00	$87.00	Nov 11	$0.13	$1.87	18%	14.38
$81.00	$82.00	$83.00	Oct 30	$0.36	$0.64	61%	1.78
$79.00	$80.00	$81.00	Nov 30	$0.12	$0.88	29%	7.33
$82.00	$83.00	$84.00	Oct 30	$0.11	$0.89	27%	8.09

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$81.00	$82.00	$83.00	Oct 30	$0.35	$0.65	62%	1.86
$80.00	$81.00	$82.00	Oct 30	$0.37	$0.63	62%	1.70
$81.00	$81.50	$82.00	Oct 28	$0.20	$0.30	70%	1.50
$79.00	$80.00	$81.00	Oct 30	$0.12	$0.88	27%	7.33
$82.00	$83.00	$84.00	Oct 30	$0.12	$0.88	27%	7.33

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 $-2.52, 144 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$67.00	$73.00	1:2	Nov 30	-$2.52	$3.48
$79.00	$80.00	1:2	Oct 30	-$0.57	$0.43
$80.00	$81.00	1:2	Nov 11	-$0.25	$0.75
$80.50	$81.00	1:2	Oct 28	-$0.05	$0.45
$81.00	$82.00	1:2	Nov 11	-$0.05	$0.95

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$85.00	$83.00	1:2	Nov 27	-$0.48	$1.52
$84.00	$83.00	1:2	Oct 28	-$0.52	$0.48
$82.00	$81.00	1:2	Nov 9	-$0.06	$0.94
$84.00	$83.00	1:2	Oct 30	-$0.57	$0.43
$82.50	$82.00	1:2	Oct 28	-$0.08	$0.42

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 67 found (best yield 1.42%, avg 0.42%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$81.50	Dec 4	$1.16	0.46	0.0%	1.42%	1.46%	27	237
$82.00	Dec 4	$0.94	0.40	0.7%	1.15%	1.80%	9	149
$82.50	Dec 4	$0.75	0.34	1.3%	0.92%	2.18%	8	69
$81.50	Nov 27	$1.08	0.47	0.0%	1.33%	1.36%	417	726
$82.00	Nov 30	$0.88	0.40	0.7%	1.08%	1.73%	43	7.2K
$82.00	Nov 27	$0.86	0.40	0.7%	1.06%	1.71%	276	1.9K
$83.00	Dec 4	$0.60	0.29	1.9%	0.74%	2.61%	103	282
$82.50	Nov 27	$0.67	0.34	1.3%	0.82%	2.09%	444	783
$83.00	Nov 30	$0.55	0.29	1.9%	0.68%	2.55%	304	89.4K
$83.50	Dec 4	$0.47	0.24	2.5%	0.58%	3.07%	83	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 96,175

Total Puts 129,432

Put/Call Ratio 1.35

Net Difference -33,257

Prior's Put/Call Breakdown

Total Calls 98,790

Total Puts 35,894

Put/Call Ratio 0.36

Net Difference 62,896

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