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iShares 20+ Year Treasury Bond ETF
$87.35 -0.03%
$87.27 (-0.09%)🌙
6/25 21:42

Option Volume

Detail
Current (06/25) 445,361
Calls: 220,788 (50%)
Puts: 224,573 (50%)
Prior (06/24) 404,015
Calls: 236,614 (59%)
Puts: 167,401 (41%)
Current vs Prior +10.23%
Calls: -6.69% (Calls)
Puts: +34.15% (Puts)
Prior 7-Day Total 2,873,822
Calls: 1,928,845 (67%)
Puts: 944,977 (33%)
Prior 7-Day Average 410,546
Calls: 275,549 (67%)
Puts: 134,996 (33%)
Current vs Prior 7-Day Avg +8.48%
Calls: -19.87%
Puts: +66.35%
Sentiment BEARISH

Dollar Volume

Detail
Current (06/25) $30.49M
Calls: $24.47M (80%)
Puts: $6.02M (20%)
Prior (06/24) $23.24M
Calls: $17.96M (77%)
Puts: $5.28M (23%)
Current vs Prior +31.23%
Calls: +36.27%
Puts: +14.06%
Prior 7-Day Total $298.20M
Calls: $264.97M (89%)
Puts: $33.23M (11%)
Prior 7-Day Average $42.60M
Calls: $37.85M (89%)
Puts: $4.75M (11%)
Current vs Prior 7-Day Avg -28.42%
Calls: -35.34%
Puts: +26.75%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (06/25) 1.02
Prior (06/24) 0.71
Current vs Prior +43.77%
Prior 7-Day Average 0.55
Current vs Prior 7-Day Avg +84.82%
Sentiment BEARISH

Open Interest

Detail
Current (06/25) 1,806,171
Calls: 1,170,898 (65%)
Puts: 635,273 (35%)
Prior (06/24) 1,774,555
Calls: 1,157,196 (65%)
Puts: 617,359 (35%)
Current vs Prior +1.78%
Prior 7-Day Total 14,919,927
Calls: 8,695,558 (58%)
Puts: 6,224,369 (42%)
Prior 7-Day Average 2,131,418
Calls: 1,242,222 (58%)
Puts: 889,195 (42%)
Current vs Prior 7-Day Avg -15.26%
Sentiment BEARISH

Expected Move

Detail
Expiry (06/26) | Next (06/29)Expiry (06/26) | Next (07/10)Expiry (07/17) | Next (--)
Current 0.77% | 0.94%0.77% | 1.69%2.06% | --
Prior 0.96% | 1.08%-- | ---- | --
Current vs Prior -20.21% | -12.74%-- | ---- | --
Prior 7-Day Avg 0.87% | 1.06%-- | ---- | --
Current vs 7-Day Avg -12.16% | -11.45%-- | ---- | --
Prior 7-Day Eod 0.96% | 1.08%-- | ---- | --
Current vs 7-Day Eod -20.21% | -12.74%-- | ---- | --
Sentiment BULLISH----

Relative Spread

Detail
Expiry | Next
Current 9.98% | 3.56%
Calls: 11.63% | 4.00%
Puts: 8.33% | 3.13%
Prior 3.49% | 3.58%
Calls: 3.85% | 1.75%
Puts: 3.13% | 5.41%
Current vs Prior +185.96% | -0.56%
Prior 7-Day Avg 5.80% | 4.96%
Calls: 5.19% | 4.84%
Puts: 6.41% | 5.08%
Current vs 7-Day Avg +72.07% | -28.21%
Liquidity Acceptable
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🤖 AI Insights

Strong bullish conviction with 80% of dollar volume in calls ($24.47M) vs puts ($6.02M). Slightly bearish P/C ratio of 1.02. P/C ratio rising 44% - increased hedging/bearish positioning. Call-heavy open interest (1,170,898 calls vs 635,273 puts) suggests bullish positioning.

Smart Money BULLISH
Retail Flow NEUTRAL
Overall MIXED
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BULLISH
7-Day Avg BULLISH
Current NEUTRAL
Prior BULLISH
7-Day Avg NEUTRAL
Current NEUTRAL
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 226 of results (avg 4.4%, best 0.9%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$70.00Jul 617.3017.45$17.380.9%1511.00--
$70.00Jul 1717.3017.45$17.380.9%2741.00246
$86.00Jul 311.841.86$1.851.1%130.721.8K
$87.00Jul 170.880.89$0.891.1%13.6K0.55111.5K
$75.00Jul 1712.3012.45$12.381.2%11.00--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$97.00Jul 179.8510.00$9.931.5%90.98163
$87.50Jul 311.081.10$1.091.8%520.56214
$95.00Jul 177.858.00$7.931.9%30.98325
$89.00Jul 312.082.12$2.101.9%4.4K0.7597
$87.00Jul 80.470.48$0.482.1%3220.49264

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 143 found (avg $0.34, cheapest $0.06)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$88.50Jul 10.050.06$0.0616.7%330.11286
$89.00Jul 60.050.06$0.0616.7%2.1K0.093.0K
$90.00Jul 100.050.06$0.0616.7%3.6K0.071.7K
$91.00Jul 170.050.06$0.0616.7%1510.0619.0K
$92.00Jul 240.050.06$0.0616.7%40.0516.4K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$87.00Jun 260.050.06$0.0616.7%34.1K0.2115.0K
$84.00Jul 100.050.06$0.0616.7%760.069.5K
$82.50Jul 170.050.06$0.0616.7%1050.051.6K
$81.50Jul 240.050.06$0.0616.7%10.04617
$80.00Jul 310.050.06$0.0616.7%20.03--

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 152 found (avg delta 0.86, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$79.00Jun 308.308.45$8.381.8%2.8K1.00--
$80.00Jun 307.307.45$7.382.0%2.8K1.00300
$83.00Jun 304.304.50$4.404.5%91.00797
$84.00Jun 303.303.50$3.405.9%41.00--
$84.50Jul 12.842.97$2.914.5%21.0014
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$88.50Jun 261.101.21$1.169.5%2121.00--
$89.00Jun 261.591.71$1.657.3%61.00--
$91.00Jul 23.854.00$3.933.8%20.9924
$90.00Jun 302.592.71$2.654.5%2130.99613
$97.00Jul 179.8510.00$9.931.5%90.98163

Most actively traded options today. High liquidity = easy entry/exit. 402 active (total vol 445.0K, top 60.6K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$86.00Jul 171.541.58$1.562.6%59.4K0.8062.5K
$87.00Jul 170.880.89$0.891.1%13.6K0.55111.5K
$90.00Jul 170.090.10$0.1010.0%10.6K0.0980.7K
$87.50Jun 260.110.12$0.128.3%9.8K0.3820.8K
$90.00Jul 60.030.04$0.0425.0%7.1K0.0510.8K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$86.00Jul 170.310.32$0.323.1%60.6K0.2851.6K
$87.00Jun 260.050.06$0.0616.7%34.1K0.2115.0K
$87.50Jun 260.230.25$0.248.3%13.9K0.626.7K
$84.00Jul 170.080.09$0.0911.1%13.8K0.0849.0K
$87.00Jun 290.110.12$0.128.3%8.8K0.292.5K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 50 strikes (avg 132.1%, max 347.1%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$81.50Jun 26Jul 2455.8%13.5%311.8%61379
$80.00Jun 26Jul 1768.9%17.7%290.3%114219
$81.00Jun 26Jul 1760.2%15.5%289.2%801.8K
$82.00Jun 26Jul 1751.4%13.8%271.8%601.5K
$84.00Jun 26Jul 3133.7%9.7%248.3%5.6K8.0K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$82.00Jun 26Aug 751.4%11.5%347.1%90--
$80.50Jun 26Jul 2464.5%15.0%329.0%12010.3K
$82.50Jun 26Jul 3147.0%11.4%311.4%66.0K
$83.00Jun 26Aug 742.6%10.4%309.9%1033.6K
$83.50Jun 26Aug 738.2%9.9%286.4%708.5K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 75 found (best R:R 6.69, avg 1.83)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$88.00$88.50Jul 8$0.10$0.40$0.104.00$88.10
$88.00$88.50Jul 10$0.11$0.39$0.113.55$88.11
$89.00$89.50Jul 31$0.11$0.39$0.113.55$89.11
$89.00$89.50Aug 7$0.11$0.39$0.113.55$89.11
$88.50$89.00Jul 24$0.12$0.38$0.123.17$88.62
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$87.00$86.00Jun 30$0.13$0.87$0.136.69$86.87
$86.00$85.50Jul 17$0.10$0.40$0.104.00$85.90
$86.50$86.00Jul 2$0.11$0.39$0.113.55$86.39
$86.50$86.00Jul 6$0.11$0.39$0.113.55$86.39
$86.00$85.50Jul 24$0.11$0.39$0.113.55$85.89

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 101 found (best R:R 52.33, avg 1.98)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$76.00$84.00Jul 31$7.85$7.85$0.1552.33$83.85
$85.50$86.50Jul 8$0.90$0.90$0.109.00$86.40
$86.00$87.00Jun 30$0.87$0.87$0.136.69$86.87
$86.50$87.00Jul 2$0.39$0.39$0.113.55$86.89
$85.50$86.00Jul 24$0.39$0.39$0.113.55$85.89
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$90.50$89.00Jul 24$1.38$1.38$0.1211.50$89.12
$91.00$89.00Aug 7$1.64$1.64$0.364.56$89.36
$88.00$87.50Jul 1$0.39$0.39$0.113.55$87.61
$88.00$87.50Jul 2$0.38$0.38$0.123.17$87.62
$88.50$87.50Jul 8$0.76$0.76$0.243.17$87.74

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 6 found (avg debit $0.15, cheapest $0.06)

CALLS (2)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$87.00Jun 26Jun 29$0.0710.5%7.0%
$87.50Jun 26Jun 29$0.089.9%7.4%
PUTS (4)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$87.00Jun 26Jun 29$0.0610.5%7.0%
$87.50Jun 26Jun 29$0.089.9%7.4%
$90.00Jun 30Jul 2$0.2911.5%13.5%
$88.50Jun 26Jul 1$0.3112.9%9.9%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 138 found (cheapest 0.41% of stock, avg 3.19%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$87.50Jun 26$0.12$0.24$0.36$87.14$87.860.41%
$87.00Jun 26$0.43$0.06$0.49$86.51$87.490.56%
$87.50Jun 29$0.20$0.32$0.52$86.98$88.020.60%
$87.00Jun 29$0.50$0.12$0.62$86.38$87.620.71%
$88.00Jun 26$0.03$0.66$0.69$87.31$88.690.79%
$87.00Jun 30$0.55$0.17$0.72$86.28$87.720.82%
$88.00Jun 29$0.07$0.69$0.76$87.24$88.760.87%
$88.00Jun 30$0.11$0.72$0.83$87.17$88.830.95%
$87.00Jul 1$0.55$0.33$0.88$86.12$87.881.01%
$87.50Jul 1$0.28$0.62$0.90$86.60$88.401.03%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 232 found (cheapest 0.06% of stock, avg 0.69%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$88.00$86.50Jun 26$0.03$0.02$0.05$86.45$88.05
$88.50$86.00Jun 29$0.03$0.03$0.06$85.94$88.56
$89.00$85.00Jul 1$0.03$0.03$0.06$84.94$89.06
$88.50$86.50Jun 29$0.03$0.04$0.07$86.43$88.57
$89.00$86.00Jun 30$0.03$0.04$0.07$85.93$89.07
$89.00$85.50Jul 1$0.03$0.04$0.07$85.43$89.07
$88.00$87.00Jun 26$0.03$0.06$0.09$86.91$88.09
$88.50$85.00Jul 1$0.06$0.03$0.09$84.91$88.59
$89.50$85.00Jul 2$0.04$0.05$0.09$84.91$89.59
$88.00$86.00Jun 29$0.07$0.03$0.10$85.90$88.10

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 48 found (best R:R 4.00, avg credit $0.33)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
86/8688/88Aug 7$0.40$0.104.00$86.10$87.90
87/8888/89Aug 7$0.40$0.104.00$87.10$88.90
86/8688/88Jul 31$0.39$0.113.55$86.11$87.89
86/8687/88Jul 2$0.38$0.123.17$86.12$87.38
86/8687/88Jul 6$0.38$0.123.17$86.12$87.38
86/8687/88Jul 8$0.38$0.123.17$86.12$87.38
86/8688/88Jul 24$0.38$0.123.17$86.12$87.88
86/8687/88Jul 31$0.38$0.123.17$85.62$87.38
86/8788/88Jul 31$0.38$0.123.17$86.62$88.38
85/8687/88Aug 7$0.38$0.123.17$85.12$87.38

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 77 found (best R:R 19.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$88.00$89.00$90.00Jun 30$0.06$0.9415.67
$86.00$86.50$87.00Jul 1$0.05$0.459.00
$88.00$88.50$89.00Jul 2$0.05$0.459.00
$86.00$86.50$87.00Jul 17$0.05$0.459.00
$86.50$87.00$87.50Jul 17$0.05$0.459.00
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$88.00$89.00$90.00Jun 30$0.05$0.9519.00
$87.50$88.00$88.50Jul 10$0.05$0.459.00
$86.50$87.00$87.50Jul 17$0.05$0.459.00
$87.50$88.00$88.50Jul 17$0.05$0.459.00
$85.50$86.00$86.50Jul 24$0.05$0.459.00

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 159 found (best net $-1.38, 136 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$70.00$78.001:2Jul 6-$1.38$6.62
$75.00$80.001:2Jul 17-$2.38$2.62
$91.00$93.001:2Jul 6$0.00$2.00
$92.00$94.001:2Jun 30-$0.01$1.99
$80.00$83.001:2Jun 30-$1.42$1.58
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$76.00$70.001:2Jul 17$0.00$6.00
$80.00$78.001:2Jun 30-$0.01$1.99
$82.00$80.001:2Jun 30-$0.01$1.99
$80.00$78.001:2Jul 17-$0.02$1.98
$85.50$84.001:2Jul 6$0.00$1.50

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 56 found (best yield 1.11%, avg 0.31%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$87.50Aug 7$0.970.440.2%1.11%1.28%29--
$87.50Jul 31$0.930.450.2%1.06%1.24%3117.4K
$87.50Jul 24$0.770.440.2%0.88%1.05%7671.4K
$88.00Aug 7$0.750.370.7%0.86%1.60%652--
$88.00Jul 31$0.710.380.7%0.81%1.56%2618.3K
$87.50Jul 17$0.620.430.2%0.71%0.88%2.5K10.7K
$88.50Aug 7$0.570.311.3%0.65%1.97%71--
$88.00Jul 24$0.560.360.7%0.64%1.39%1.2K2.6K
$88.50Jul 31$0.530.311.3%0.61%1.92%375911
$87.50Jul 10$0.440.410.2%0.50%0.68%2142.3K

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 220,788
Total Puts 224,573
Put/Call Ratio 1.02
Net Difference -3,785

Prior's Put/Call Breakdown

Total Calls 236,614
Total Puts 167,401
Put/Call Ratio 0.71
Net Difference 69,213

Prior 7-Day Put/Call Summary

Total Calls 1,928,845
Total Puts 944,977
Average Put/Call Ratio 0.55
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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