NEW Tour v185
TLT
iShares 20+ Year Treasury Bond ETF
$86.20 +0.13%
$86.14 (-0.07%)AFTER HOURS
6/23 19:02

Option Volume

Detail
Current (06/23) 146,508
Calls: 93,120 (64%)
Puts: 53,388 (36%)
Prior (06/22) 246,974
Calls: 144,690 (59%)
Puts: 102,284 (41%)
Current vs Prior -40.68%
Calls: -35.64% (Calls)
Puts: -47.80% (Puts)
Prior 7-Day Total 3,150,715
Calls: 2,132,413 (68%)
Puts: 1,018,302 (32%)
Prior 7-Day Average 450,102
Calls: 304,630 (68%)
Puts: 145,471 (32%)
Current vs Prior 7-Day Avg -67.45%
Calls: -69.43%
Puts: -63.30%
Sentiment BULLISH

Dollar Volume

Detail
Current (06/23) $8.69M
Calls: $7.14M (82%)
Puts: $1.55M (18%)
Prior (06/22) $25.35M
Calls: $20.27M (80%)
Puts: $5.08M (20%)
Current vs Prior -65.72%
Calls: -64.79%
Puts: -69.43%
Prior 7-Day Total $411.29M
Calls: $370.75M (90%)
Puts: $40.54M (10%)
Prior 7-Day Average $58.76M
Calls: $52.96M (90%)
Puts: $5.79M (10%)
Current vs Prior 7-Day Avg -85.21%
Calls: -86.53%
Puts: -73.18%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (06/23) 0.57
Prior (06/22) 0.71
Current vs Prior -18.90%
Prior 7-Day Average 0.53
Current vs Prior 7-Day Avg +7.56%
Sentiment BULLISH

Open Interest

Detail
Current (06/23) 1,591,667
Calls: 1,000,395 (63%)
Puts: 591,272 (37%)
Prior (06/22) 1,752,604
Calls: 1,087,935 (62%)
Puts: 664,669 (38%)
Current vs Prior -9.18%
Prior 7-Day Total 16,493,508
Calls: 9,244,553 (56%)
Puts: 7,248,955 (44%)
Prior 7-Day Average 2,356,215
Calls: 1,320,650 (56%)
Puts: 1,035,565 (44%)
Current vs Prior 7-Day Avg -32.45%
Sentiment BEARISH

Expected Move

Detail
Expiry (06/24) | Next (06/26)Expiry (06/26) | Next (07/10)Expiry (07/17) | Next (--)
Current 0.73% | 0.99%0.99% | 1.84%2.19% | --
Prior 0.91% | 1.14%-- | ---- | --
Current vs Prior -19.33% | -13.38%-- | ---- | --
Prior 7-Day Avg 0.88% | 1.08%-- | ---- | --
Current vs 7-Day Avg -16.88% | -8.98%-- | ---- | --
Prior 7-Day Eod 0.91% | 1.14%-- | ---- | --
Current vs 7-Day Eod -19.33% | -13.38%-- | ---- | --
Sentiment BULLISH----

Relative Spread

Detail
Expiry | Next
Current 9.78% | 4.76%
Calls: 4.17% | 5.26%
Puts: 15.38% | 4.26%
Prior 4.80% | 4.12%
Calls: 3.23% | 4.55%
Puts: 6.38% | 3.70%
Current vs Prior +103.75% | +15.53%
Prior 7-Day Avg 6.25% | 5.16%
Calls: 6.30% | 5.11%
Puts: 6.19% | 5.20%
Current vs 7-Day Avg +56.59% | -7.68%
Liquidity Acceptable
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🤖 AI Insights

Strong bullish conviction with 82% of dollar volume in calls ($7.14M) vs puts ($1.55M). Light premium activity with dollar volume down 66% vs prior. Below-average activity with volume down 41% vs prior. Bullish P/C ratio of 0.57.

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 NEUTRAL
7-Day Avg NEUTRAL
Current BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current NEUTRAL
Prior BULLISH
7-Day Avg 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

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 220 of results (avg 4.0%, best 1.0%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$71.00Jun 2415.0515.20$15.131.0%11.0050
$72.00Jul 1714.1014.25$14.181.1%2861.001
$72.00Jun 2414.0514.20$14.131.1%11.0062
$85.00Jul 311.721.74$1.731.2%320.704.3K
$86.00Jul 170.820.83$0.831.2%8190.5061.6K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$100.00Jun 2913.8013.95$13.881.1%81.00--
$99.00Jun 3012.8012.95$12.881.2%21.00--
$98.00Jun 2911.8011.95$11.881.3%100.99--
$98.00Jun 3011.8011.95$11.881.3%260.99--
$100.00Jul 114.0014.20$14.101.4%300.99--

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 145 found (avg $0.33, cheapest $0.06)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$87.00Jun 260.050.06$0.0616.7%5.3K0.14102.2K
$88.00Jul 20.050.06$0.0616.7%2470.086.5K
$88.50Jul 60.050.06$0.0616.7%990.07--
$89.00Jul 100.050.06$0.0616.7%1.2K0.06--
$90.00Jul 170.050.06$0.0616.7%2140.0579.0K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$84.00Jul 20.050.06$0.0616.7%1740.081.6K
$83.50Jul 60.050.06$0.0616.7%2000.07--
$83.00Jul 80.050.06$0.0616.7%3470.07--
$82.50Jul 100.050.06$0.0616.7%1.5K0.064.5K
$81.00Jul 170.050.06$0.0616.7%5390.0442.7K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 157 found (avg delta 0.86, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$71.00Jun 2415.0515.20$15.131.0%11.0050
$72.00Jun 2414.0514.20$14.131.1%11.0062
$77.00Jun 249.059.20$9.131.6%31.0034
$78.00Jun 248.058.20$8.131.8%31.0093
$79.00Jun 247.057.20$7.132.1%61.0022
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$100.00Jun 2913.8013.95$13.881.1%81.00--
$99.00Jun 3012.8012.95$12.881.2%21.00--
$98.00Jun 2911.8011.95$11.881.3%100.99--
$98.00Jun 3011.8011.95$11.881.3%260.99--
$100.00Jul 114.0014.20$14.101.4%300.99--

Most actively traded options today. High liquidity = easy entry/exit. 387 active (total vol 146.5K, top 7.3K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$86.50Jun 240.030.04$0.0425.0%7.3K0.179.2K
$87.00Jun 260.050.06$0.0616.7%5.3K0.14102.2K
$88.50Jul 20.040.05$0.0520.0%5.1K0.06624
$86.50Jul 20.270.29$0.287.1%5.0K0.341.8K
$87.00Jul 20.140.15$0.156.7%4.4K0.217.5K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$86.00Jun 240.090.10$0.1010.0%4.4K0.363.5K
$84.00Jul 310.310.33$0.326.3%4.0K0.22786
$82.50Jun 260.000.01$0.01100.0%4.0K0.01--
$84.00Jun 260.010.02$0.0250.0%3.6K0.0332.4K
$80.00Jul 240.040.05$0.0520.0%3.4K0.033.1K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 62 strikes (avg 72.9%, max 380.2%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$72.00Jun 24Jul 17130.9%27.3%380.2%28763
$82.00Jun 24Jul 1741.1%11.5%256.6%81132
$78.00Jun 24Jun 3076.7%28.0%174.0%495
$79.00Jun 24Jun 3067.8%24.8%174.0%2.7K22
$80.00Jun 24Jun 3059.0%21.5%173.9%3.3K261
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$89.50Jun 24Jul 3132.9%10.4%216.0%3014
$89.00Jun 24Jul 3128.7%10.2%182.0%4--
$81.00Jun 26Jul 3128.2%11.7%141.1%2175.3K
$81.50Jun 26Jul 3125.7%11.0%133.8%10--
$82.00Jun 26Jul 3123.2%10.5%121.7%311.6K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 71 found (best R:R 7.33, avg 1.83)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$87.00$88.00Jul 8$0.12$0.88$0.127.33$87.12
$86.50$87.00Jun 29$0.11$0.39$0.113.55$86.61
$87.50$88.00Jul 24$0.11$0.39$0.113.55$87.61
$86.50$87.00Jul 1$0.13$0.37$0.132.85$86.63
$86.50$87.00Jul 2$0.13$0.37$0.132.85$86.63
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$85.00$84.00Jul 8$0.15$0.85$0.155.67$84.85
$85.00$84.50Jul 10$0.10$0.40$0.104.00$84.90
$84.50$84.00Jul 24$0.10$0.40$0.104.00$84.40
$86.00$85.00Jun 30$0.22$0.78$0.223.55$85.78
$84.50$84.00Jul 31$0.11$0.39$0.113.55$84.39

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 91 found (best R:R 8.09, avg 1.37)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$84.00$85.00Jul 17$0.83$0.83$0.174.88$84.83
$83.50$85.00Jul 24$1.21$1.21$0.294.17$84.71
$85.00$86.00Jun 30$0.77$0.77$0.233.35$85.77
$85.00$85.50Jul 10$0.38$0.38$0.123.17$85.38
$84.00$85.00Jul 31$0.76$0.76$0.243.17$84.76
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$88.00$87.00Jul 8$0.89$0.89$0.118.09$87.11
$88.00$87.00Jul 17$0.82$0.82$0.184.56$87.18
$87.00$86.50Jul 2$0.39$0.39$0.113.55$86.61
$88.00$87.50Jul 31$0.39$0.39$0.113.55$87.61
$87.00$86.50Jul 6$0.38$0.38$0.123.17$86.62

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 12 found (avg debit $0.15, cheapest $0.06)

CALLS (4)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$85.00Jun 24Jun 26$0.0613.3%10.4%
$85.50Jun 24Jun 26$0.0910.3%9.6%
$86.50Jun 24Jun 26$0.118.9%9.2%
$86.00Jun 24Jun 26$0.148.8%8.7%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$85.50Jun 24Jun 26$0.0610.3%9.6%
$86.50Jun 24Jun 26$0.088.9%9.2%
$86.00Jun 24Jun 26$0.108.8%8.7%
$100.00Jun 29Jul 1$0.2243.0%37.7%
$99.00Jun 30Jul 1$0.2237.4%35.5%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 123 found (cheapest 0.39% of stock, avg 3.21%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$86.00Jun 24$0.24$0.10$0.34$85.66$86.340.39%
$86.50Jun 24$0.04$0.39$0.43$86.07$86.930.50%
$86.00Jun 26$0.38$0.20$0.58$85.42$86.580.67%
$86.50Jun 26$0.15$0.47$0.62$85.88$87.120.72%
$85.50Jun 24$0.66$0.02$0.68$84.82$86.180.79%
$86.00Jun 29$0.44$0.25$0.69$85.31$86.690.80%
$86.50Jun 29$0.20$0.51$0.71$85.79$87.210.82%
$86.00Jun 30$0.49$0.29$0.78$85.22$86.780.90%
$85.50Jun 26$0.75$0.08$0.83$84.67$86.330.96%
$87.00Jun 24$0.01$0.87$0.88$86.12$87.881.02%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 205 found (cheapest 0.07% of stock, avg 0.60%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$86.50$85.50Jun 24$0.04$0.02$0.06$85.44$86.56
$87.50$85.00Jun 26$0.03$0.03$0.06$84.94$87.56
$88.00$84.50Jun 29$0.03$0.03$0.06$84.44$88.06
$87.50$84.50Jun 29$0.05$0.03$0.08$84.42$87.58
$88.00$85.00Jun 29$0.03$0.05$0.08$84.92$88.08
$87.00$85.00Jun 26$0.06$0.03$0.09$84.91$87.09
$87.50$85.00Jun 29$0.05$0.05$0.10$84.90$87.60
$88.50$83.50Jul 2$0.05$0.05$0.10$83.40$88.60
$87.50$85.50Jun 26$0.03$0.08$0.11$85.39$87.61
$88.00$85.00Jun 30$0.04$0.07$0.11$84.89$88.11

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 56 found (best R:R 4.00, avg credit $0.33)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
84/8586/86Jul 10$0.40$0.104.00$84.60$85.90
86/8687/88Jul 17$0.40$0.104.00$86.10$87.40
84/8486/86Jul 31$0.40$0.104.00$84.10$85.90
85/8686/86Jul 10$0.39$0.113.55$85.11$86.39
86/8687/88Jul 31$0.39$0.113.55$85.61$87.39
86/8686/87Jul 10$0.38$0.123.17$85.62$86.88
84/8486/86Jul 24$0.38$0.123.17$84.12$85.88
84/8586/86Jul 24$0.38$0.123.17$84.62$86.38
86/8688/88Jul 24$0.38$0.123.17$86.12$87.88
84/8586/86Jul 31$0.38$0.123.17$84.62$86.38

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 81 found (best R:R 15.67, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$87.00$88.00$89.00Jun 30$0.06$0.9415.67
$82.00$83.00$84.00Jul 17$0.07$0.9313.29
$87.00$88.00$89.00Jul 8$0.08$0.9211.50
$83.00$84.00$85.00Jul 17$0.10$0.909.00
$86.50$87.00$87.50Jul 17$0.05$0.459.00
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$85.00$85.50$86.00Jul 17$0.05$0.459.00
$84.50$85.00$85.50Jul 24$0.05$0.459.00
$85.50$86.00$86.50Jul 24$0.05$0.459.00
$86.00$86.50$87.00Jul 24$0.05$0.459.00
$83.00$84.00$85.00Jul 8$0.11$0.898.09

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 151 found (best net $-0.01, 122 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$96.00$100.001:2Jul 24$0.00$4.00
$93.00$96.001:2Jul 17-$0.01$2.99
$91.00$93.001:2Jul 8$0.00$2.00
$96.00$98.001:2Jul 17$0.00$2.00
$89.00$91.001:2Jun 26-$0.01$1.99
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$84.50$75.001:2Jun 24-$0.01$9.49
$79.00$70.001:2Jun 30-$0.01$8.99
$82.00$79.001:2Jul 6-$0.01$2.99
$80.50$78.001:2Jul 10-$0.01$2.49
$83.00$81.001:2Jul 8$0.00$2.00

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 47 found (best yield 0.99%, avg 0.26%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$86.50Jul 31$0.850.420.3%0.99%1.33%36383
$86.50Jul 24$0.700.410.3%0.81%1.16%651.2K
$87.00Jul 31$0.650.350.9%0.75%1.68%2891.3K
$86.50Jul 17$0.580.400.3%0.67%1.02%2.3K117
$87.00Jul 24$0.510.330.9%0.59%1.52%371.3K
$87.50Jul 31$0.480.291.5%0.56%2.06%1277.1K
$86.50Jul 10$0.410.370.3%0.48%0.82%262.4K
$87.00Jul 17$0.400.300.9%0.46%1.39%2.4K115.7K
$87.50Jul 24$0.360.261.5%0.42%1.93%1011.3K
$88.00Jul 31$0.350.232.1%0.41%2.49%1297.6K

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 93,120
Total Puts 53,388
Put/Call Ratio 0.57
Net Difference 39,732

Prior's Put/Call Breakdown

Total Calls 144,690
Total Puts 102,284
Put/Call Ratio 0.71
Net Difference 42,406

Prior 7-Day Put/Call Summary

Total Calls 2,132,413
Total Puts 1,018,302
Average Put/Call Ratio 0.53
Ratio Trend Falling

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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