TLT - Options Database

TLT

iShares 20+ Year Treasury Bond ETF

$82.51 -0.61%

(8/20 15:01) ◀

Thursday, August 20, 2026 (3:14pm)

▶ (8/20 16:01)

◀ 8/20 15:14 ▶

Option Volume

Detail

ℹ

Current (08/20) 529,221

Calls: 267,070 (50%)

Puts: 262,151 (50%)

Prior (08/19) 611,042

Calls: 418,515 (68%)

Puts: 192,527 (32%)

Current vs Prior -13.39%

Calls: -36.19% (Calls)

Puts: +36.16% (Puts)

Prior 7-Day Total 2,845,567

Calls: 1,589,360 (56%)

Puts: 1,256,207 (44%)

Prior 7-Day Average 474,261

Calls: 227,051 (56%)

Puts: 179,458 (44%)

Current vs Prior 7-Day Avg +11.59%

Calls: +17.63%

Puts: +46.08%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (08/20) $31.22M

Calls: $12.26M (39%)

Puts: $18.97M (61%)

Prior (08/19) $32.94M

Calls: $25.80M (78%)

Puts: $7.13M (22%)

Current vs Prior -5.20%

Calls: -52.50%

Puts: +165.89%

Prior 7-Day Total $313.57M

Calls: $220.12M (70%)

Puts: $93.45M (30%)

Prior 7-Day Average $52.26M

Calls: $31.45M (70%)

Puts: $13.35M (30%)

Current vs Prior 7-Day Avg -40.25%

Calls: -61.02%

Puts: +42.08%

Sentiment BEARISH

Put/Call Ratio

Detail

ℹ

Current (08/20) 0.98

Prior (08/19) 0.46

Current vs Prior +113.38%

Prior 7-Day Average 0.83

Current vs Prior 7-Day Avg +18.83%

Sentiment NEUTRAL

Open Interest

Detail

ℹ

Current (08/20) 3,616,060

Calls: 2,065,821 (57%)

Puts: 1,550,239 (43%)

Prior (08/19) 2,981,013

Calls: 1,632,104 (55%)

Puts: 1,348,909 (45%)

Current vs Prior +21.30%

Prior 7-Day Total 16,173,125

Calls: 8,014,115 (50%)

Puts: 8,159,010 (50%)

Prior 7-Day Average 2,695,520

Calls: 1,335,685 (50%)

Puts: 1,359,835 (50%)

Current vs Prior 7-Day Avg +34.15%

Sentiment BEARISH

Expected Move

Detail

ℹ

3DTEWKMO Expiry (08/21) | Next (08/24)Expiry (08/21) | Next (08/28)Expiry (08/21) | Next (09/18)

Current 0.92% | 1.13%0.92% | 1.65%0.92% | 3.14%

Prior 1.08% | 1.22%1.08% | 1.65%0.60% | 3.13%

Current vs Prior -15.03% | -7.35%-15.04% | -0.12%+52.93% | +0.23%

Prior 7-Day Avg 0.96% | 1.18%1.02% | 1.61%0.85% | 3.28%

Current vs 7-Day Avg -4.44% | -4.10%-9.82% | +2.51%+8.07% | -4.35%

Prior 7-Day Eod 1.08% | 1.22%1.08% | 1.65%0.60% | 3.13%

Current vs 7-Day Eod -15.03% | -7.35%-15.04% | -0.12%+52.93% | +0.23%

Sentiment BULLISHBULLISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 8.01% | 3.17%

Calls: 8.33% | 2.94%

Puts: 7.69% | 3.39%

Prior 6.68% | 5.01%

Calls: 6.45% | 5.26%

Puts: 6.90% | 4.76%

Current vs Prior +19.91% | -36.73%

Prior 7-Day Avg 6.40% | 3.54%

Calls: 5.59% | 3.35%

Puts: 7.21% | 3.73%

Current vs 7-Day Avg +25.12% | -10.45%

Liquidity Acceptable

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🤖 AI Insights

Moderately bearish flow with 61% put dollar volume ($18.97M). P/C ratio rising 113% - increased hedging/bearish positioning. Rising open interest (up 21%) indicates new positions being established.

Smart Money BEARISH

Retail Flow NEUTRAL

Overall MIXED

Dollar Volume

Option Volume

Put/Call Ratio

Open Interest

Expected Move

Current BEARISH

Prior BULLISH

7-Day Avg BULLISH

Current NEUTRAL

Prior BULLISH

7-Day Avg NEUTRAL

Current NEUTRAL

Prior BULLISH

7-Day Avg NEUTRAL

Current BULLISH

Prior NEUTRAL

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

🎯

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 3.1%, best 0.7%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.00	Sep 30	1.50	1.51	$1.51	0.7%	1.7K	0.55	9.1K
$81.50	Sep 11	1.46	1.47	$1.47	0.7%	324	0.68	445
$82.00	Sep 25	1.41	1.42	$1.42	0.7%	161	0.56	991
$82.00	Sep 18	1.27	1.28	$1.27	0.8%	3.1K	0.56	76.8K
$71.00	Aug 28	11.55	11.65	$11.60	0.9%	4	1.00	5

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$84.00	Oct 2	2.25	2.27	$2.26	0.9%	5	0.71	215
$99.00	Sep 30	16.60	16.75	$16.68	0.9%	--	0.99	172
$83.00	Sep 2	1.05	1.06	$1.06	0.9%	257	0.64	185
$98.00	Sep 18	15.60	15.75	$15.68	1.0%	--	0.99	16
$84.00	Sep 30	2.08	2.10	$2.09	1.0%	31	0.70	11.1K

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 172 found (avg $0.33, cheapest $0.07)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$83.00	Aug 21	0.06	0.07	$0.07	14.3%	25.0K	0.21	52.6K
$82.50	Aug 21	0.23	0.25	$0.24	8.3%	20.0K	0.53	49.5K
$83.50	Aug 24	0.05	0.06	$0.06	16.7%	249	0.13	1.5K
$83.00	Aug 24	0.13	0.14	$0.14	7.1%	2.3K	0.28	3.1K
$84.00	Aug 26	0.05	0.06	$0.06	16.7%	278	0.10	2.5K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.00	Aug 21	0.06	0.07	$0.07	14.3%	16.0K	0.19	42.2K
$82.50	Aug 21	0.20	0.21	$0.21	4.8%	11.3K	0.47	20.4K
$81.50	Aug 24	0.05	0.06	$0.06	16.7%	2.0K	0.12	2.9K
$82.00	Aug 24	0.12	0.13	$0.13	7.7%	3.5K	0.26	1.8K
$81.00	Aug 26	0.05	0.06	$0.06	16.7%	374	0.10	381

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 247 found (avg delta 0.88, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$70.00	Sep 2	12.55	12.70	$12.63	1.2%	15	1.00	1
$71.00	Sep 2	11.55	11.70	$11.63	1.3%	--	1.00	48
$75.00	Sep 2	7.55	7.65	$7.60	1.3%	99	1.00	--
$78.00	Sep 2	4.55	4.65	$4.60	2.2%	19	1.00	--
$79.00	Sep 2	3.60	3.70	$3.65	2.7%	--	1.00	522

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$84.50	Aug 21	1.94	2.02	$1.98	4.0%	9	1.00	--
$85.00	Aug 21	2.42	2.52	$2.47	4.0%	10.5K	1.00	12.4K
$86.00	Aug 21	3.45	3.55	$3.50	2.9%	103	1.00	999
$87.00	Aug 21	4.45	4.55	$4.50	2.2%	--	1.00	18
$88.00	Aug 21	5.40	5.55	$5.48	2.7%	112	1.00	1.0K

Most actively traded options today. High liquidity = easy entry/exit. 435 active (total vol 528.7K, top 91.9K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$85.00	Sep 18	0.19	0.20	$0.20	5.0%	46.3K	0.15	63.0K
$84.00	Sep 18	0.39	0.40	$0.40	2.5%	31.3K	0.26	30.9K
$83.00	Sep 18	0.74	0.75	$0.75	1.3%	28.8K	0.40	73.2K
$83.00	Aug 21	0.06	0.07	$0.07	14.3%	25.0K	0.21	52.6K
$82.50	Aug 21	0.23	0.25	$0.24	8.3%	20.0K	0.53	49.5K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.00	Sep 18	0.81	0.82	$0.82	1.2%	91.9K	0.46	167.1K
$83.00	Sep 18	1.31	1.33	$1.32	1.5%	23.5K	0.61	89.9K
$82.00	Aug 21	0.06	0.07	$0.07	14.3%	16.0K	0.19	42.2K
$81.00	Sep 18	0.49	0.50	$0.50	2.0%	12.0K	0.31	134.6K
$82.00	Aug 28	0.30	0.31	$0.31	3.2%	11.4K	0.34	8.9K

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 20.9%, max 40.0%)

CALLS (2)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$82.00	Aug 21	Oct 2	14.1%	10.1%	40.0%	4.5K	14.2K
$83.00	Aug 21	Oct 2	12.7%	12.4%	1.9%	25.3K	53.9K

PUTS (2)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$82.00	Aug 21	Oct 2	14.1%	10.1%	40.0%	16.2K	42.6K
$83.00	Aug 21	Oct 2	12.7%	12.4%	1.9%	3.0K	56.2K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 95 found (best R:R 1.08, avg 1.86)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$82.00	$82.50	Aug 24	$0.33	$0.17	$0.33	74%	0.52	$82.33
$83.50	$84.00	Sep 4	$0.11	$0.39	$0.11	27%	3.55	$83.61
$82.00	$82.50	Aug 26	$0.32	$0.18	$0.32	70%	0.56	$82.32
$83.00	$83.50	Aug 26	$0.12	$0.38	$0.12	34%	3.17	$83.12
$83.50	$84.00	Sep 2	$0.10	$0.40	$0.10	25%	4.00	$83.60

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$83.00	$82.00	Sep 30	$0.48	$0.52	$0.48	58%	1.08	$82.52
$82.00	$81.00	Sep 18	$0.32	$0.68	$0.32	46%	2.13	$81.68
$83.00	$82.00	Sep 18	$0.50	$0.50	$0.50	61%	1.00	$82.50
$83.00	$82.50	Aug 21	$0.31	$0.19	$0.31	80%	0.61	$82.69
$82.50	$82.00	Sep 25	$0.22	$0.28	$0.22	54%	1.27	$82.28

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 55 found (best R:R 0.54, avg 0.47)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$83.00	$84.00	Sep 18	$0.35	$0.35	$0.65	60%	0.54	$83.35
$83.00	$84.00	Sep 30	$0.38	$0.38	$0.62	58%	0.61	$83.38
$84.00	$85.00	Sep 18	$0.20	$0.20	$0.80	74%	0.25	$84.20
$84.00	$85.00	Sep 30	$0.25	$0.25	$0.75	70%	0.33	$84.25
$83.00	$83.50	Sep 2	$0.17	$0.17	$0.33	64%	0.52	$83.17

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$82.00	$81.50	Aug 26	$0.11	$0.11	$0.39	70%	0.28	$81.89
$82.50	$82.00	Aug 21	$0.14	$0.14	$0.36	53%	0.39	$82.36
$82.00	$81.50	Aug 28	$0.13	$0.13	$0.37	66%	0.35	$81.87
$82.50	$82.00	Aug 24	$0.17	$0.17	$0.33	52%	0.52	$82.33
$82.50	$82.00	Sep 2	$0.24	$0.24	$0.26	47%	0.92	$82.26

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $0.10, cheapest $0.09)

CALLS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$82.50	Aug 21	Aug 24	$0.10	12.2%	8.6%

PUTS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$82.50	Aug 21	Aug 24	$0.09	12.2%	8.6%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 208 found (cheapest 0.55% of stock, avg 4.09%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$82.50	Aug 21	$0.24	$0.21	$0.45	$82.05	$82.95	0.55%
$83.00	Aug 21	$0.07	$0.52	$0.59	$82.41	$83.59	0.72%
$82.50	Aug 24	$0.34	$0.30	$0.64	$81.86	$83.14	0.78%
$82.00	Aug 21	$0.61	$0.07	$0.68	$81.32	$82.68	0.82%
$83.00	Aug 24	$0.14	$0.59	$0.73	$82.27	$83.73	0.88%
$82.00	Aug 24	$0.67	$0.13	$0.80	$81.20	$82.80	0.97%
$82.50	Aug 26	$0.46	$0.40	$0.86	$81.64	$83.36	1.04%
$83.00	Aug 26	$0.24	$0.68	$0.92	$82.08	$83.92	1.12%
$83.50	Aug 21	$0.02	$0.98	$1.00	$82.50	$84.50	1.21%
$82.00	Aug 26	$0.78	$0.22	$1.00	$81.00	$83.00	1.21%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 259 found (cheapest 0.06% of stock, avg 0.92%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$83.50	$81.50	Aug 21	$0.02	$0.03	$0.05	$81.45	$83.55
$84.00	$81.00	Aug 24	$0.03	$0.03	$0.06	$80.94	$84.06
$84.50	$81.00	Aug 26	$0.03	$0.06	$0.09	$80.91	$84.59
$84.00	$81.50	Aug 24	$0.03	$0.06	$0.09	$81.41	$84.09
$83.50	$81.00	Aug 24	$0.06	$0.03	$0.09	$80.91	$83.59
$83.50	$82.00	Aug 21	$0.02	$0.07	$0.09	$81.91	$83.59
$85.00	$80.50	Aug 28	$0.04	$0.07	$0.11	$80.39	$85.11
$83.00	$81.50	Aug 21	$0.07	$0.03	$0.10	$81.40	$83.10
$84.00	$81.00	Aug 26	$0.06	$0.06	$0.12	$80.88	$84.12
$83.50	$81.50	Aug 24	$0.06	$0.06	$0.12	$81.38	$83.62

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 17 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
80/80	84/84	Sep 25	$0.27	$0.23	40%	1.17	$80.23	$83.77
80/80	84/84	Oct 2	$0.29	$0.21	35%	1.38	$80.21	$83.79
80/80	84/84	Sep 25	$0.23	$0.27	46%	0.85	$80.27	$84.23
80/81	84/84	Sep 25	$0.29	$0.21	34%	1.38	$80.71	$83.79
80/80	84/84	Oct 2	$0.25	$0.25	41%	1.00	$80.25	$84.25
80/80	84/85	Oct 2	$0.22	$0.28	46%	0.79	$80.28	$84.72
80/81	84/84	Sep 25	$0.25	$0.25	40%	1.00	$80.75	$84.25
80/81	84/84	Sep 11	$0.23	$0.27	42%	0.85	$80.77	$83.73
81/82	84/84	Sep 2	$0.22	$0.28	44%	0.79	$81.28	$83.72
81/82	84/84	Sep 4	$0.24	$0.26	39%	0.92	$81.26	$83.74

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 99 found (best R:R 11.50, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$79.00	$80.00	$81.00	Sep 18	$0.08	$0.92	23%	11.50
$79.00	$80.00	$81.00	Sep 30	$0.07	$0.93	21%	13.29
$81.00	$82.00	$83.00	Sep 30	$0.12	$0.88	29%	7.33
$80.00	$81.00	$82.00	Sep 18	$0.14	$0.86	31%	6.14
$80.00	$81.00	$82.00	Sep 30	$0.12	$0.88	27%	7.33

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$80.00	$81.00	$82.00	Sep 18	$0.11	$0.89	27%	8.09
$82.00	$82.50	$83.00	Aug 21	$0.17	$0.33	61%	1.94
$79.00	$80.00	$81.00	Sep 30	$0.07	$0.93	18%	13.29
$82.00	$82.50	$83.00	Aug 24	$0.12	$0.38	46%	3.17
$81.50	$82.00	$82.50	Aug 26	$0.07	$0.43	31%	6.14

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 158 found (best net $-1.72, 150 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$70.00	$75.00	1:2	Sep 11	-$2.63	$2.37
$75.00	$78.00	1:2	Aug 24	-$1.55	$1.45
$75.00	$78.00	1:2	Sep 2	-$1.60	$1.40
$71.00	$75.00	1:2	Sep 2	-$3.57	$0.43
$71.00	$75.00	1:2	Sep 18	-$3.66	$0.34

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$93.00	$88.50	1:2	Sep 25	-$1.72	$2.78
$85.50	$84.00	1:2	Sep 2	-$0.39	$1.11
$83.50	$83.00	1:2	Aug 21	-$0.06	$0.44
$85.00	$84.00	1:2	Aug 31	-$0.60	$0.40
$83.50	$83.00	1:2	Aug 24	-$0.18	$0.32

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 61 found (best yield 1.18%, avg 0.34%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$83.00	Oct 2	$0.97	0.41	0.6%	1.18%	1.77%	231	1.3K
$83.00	Sep 30	$0.96	0.42	0.6%	1.16%	1.76%	2.2K	10.9K
$83.50	Oct 2	$0.77	0.35	1.2%	0.93%	2.13%	--	282
$83.00	Sep 25	$0.88	0.41	0.6%	1.07%	1.66%	251	1.1K
$84.00	Sep 30	$0.58	0.30	1.8%	0.70%	2.51%	478	55.6K
$84.00	Oct 2	$0.59	0.29	1.8%	0.72%	2.52%	8	324
$83.50	Sep 25	$0.67	0.34	1.2%	0.81%	2.01%	623	567
$83.00	Sep 18	$0.74	0.40	0.6%	0.90%	1.49%	28.8K	73.2K
$84.50	Oct 2	$0.45	0.24	2.4%	0.55%	2.96%	17	377
$84.00	Sep 25	$0.50	0.28	1.8%	0.61%	2.41%	931	1.0K

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 267,070

Total Puts 262,151

Put/Call Ratio 0.98

Net Difference 4,919

Prior's Put/Call Breakdown

Total Calls 418,515

Total Puts 192,527

Put/Call Ratio 0.46

Net Difference 225,988

Prior 7-Day Put/Call Summary

Total Calls 1,589,360

Total Puts 1,256,207

Average Put/Call Ratio 0.83

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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