TLT - Options Database

TLT

iShares 20+ Year Treasury Bond ETF

$82.34 -0.82%

$82.32 (-0.02%)🌙

as of 08/20 07:10 PM

(8/20 16:01) ◀

Thursday, August 20, 2026 (7:10pm)

▶ (8/21 10:00)

◀ 8/20 19:10 ▶

Option Volume

Detail

ℹ

Current (08/20) 615,600

Calls: 327,578 (53%)

Puts: 288,022 (47%)

Prior (08/19) 611,042

Calls: 418,515 (68%)

Puts: 192,527 (32%)

Current vs Prior +0.75%

Calls: -21.73% (Calls)

Puts: +49.60% (Puts)

Prior 7-Day Total 3,374,788

Calls: 1,856,430 (55%)

Puts: 1,518,358 (45%)

Prior 7-Day Average 482,112

Calls: 265,204 (55%)

Puts: 216,908 (45%)

Current vs Prior 7-Day Avg +27.69%

Calls: +23.52%

Puts: +32.79%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (08/20) $36.32M

Calls: $13.49M (37%)

Puts: $22.83M (63%)

Prior (08/19) $32.94M

Calls: $25.80M (78%)

Puts: $7.13M (22%)

Current vs Prior +10.27%

Calls: -47.71%

Puts: +220.00%

Prior 7-Day Total $344.79M

Calls: $232.37M (67%)

Puts: $112.42M (33%)

Prior 7-Day Average $49.26M

Calls: $33.20M (67%)

Puts: $16.06M (33%)

Current vs Prior 7-Day Avg -26.26%

Calls: -59.35%

Puts: +42.15%

Sentiment BEARISH

Put/Call Ratio

Detail

ℹ

Current (08/20) 0.88

Prior (08/19) 0.46

Current vs Prior +91.13%

Prior 7-Day Average 0.85

Current vs Prior 7-Day Avg +3.65%

Sentiment NEUTRAL

Open Interest

Detail

ℹ

Current (08/20) 2,949,226

Calls: 1,579,955 (54%)

Puts: 1,369,271 (46%)

Prior (08/19) 2,981,013

Calls: 1,632,104 (55%)

Puts: 1,348,909 (45%)

Current vs Prior -1.07%

Prior 7-Day Total 19,789,185

Calls: 10,079,936 (51%)

Puts: 9,709,249 (49%)

Prior 7-Day Average 2,827,026

Calls: 1,439,990 (51%)

Puts: 1,387,035 (49%)

Current vs Prior 7-Day Avg +4.32%

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 0.90% | 1.12%0.90% | 1.65%0.90% | 3.17%

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

Current vs Prior -17.10% | -8.16%-17.10% | +0.09%+49.21% | +1.21%

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

Current vs 7-Day Avg -6.76% | -4.94%-12.01% | +2.72%+5.44% | -3.42%

Prior 7-Day Eod 0.92% | 1.13%1.08% | 1.65%0.60% | 3.13%

Current vs 7-Day Eod -2.43% | -0.87%-17.10% | +0.09%+49.21% | +1.21%

Sentiment BULLISHBULLISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 3.89% | 3.46%

Calls: 4.65% | 1.92%

Puts: 3.13% | 5.00%

Prior 6.68% | 5.01%

Calls: 6.45% | 5.26%

Puts: 6.90% | 4.76%

Current vs Prior -41.77% | -30.94%

Prior 7-Day Avg 6.63% | 3.49%

Calls: 5.59% | 3.35%

Puts: 7.21% | 3.73%

Current vs 7-Day Avg -41.34% | -0.78%

Liquidity Acceptable

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🤖 AI Insights

Moderately bearish flow with 63% put dollar volume ($22.83M). P/C ratio rising 91% - increased hedging/bearish positioning.

Smart Money BEARISH

Retail Flow BULLISH

Overall BULLISH

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 NEUTRAL

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 266 of results (avg 4.0%, best 0.9%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$66.00	Aug 21	16.25	16.40	$16.33	0.9%	9	1.00	--
$67.00	Aug 21	15.25	15.40	$15.33	1.0%	19	1.00	--
$82.50	Sep 25	1.02	1.03	$1.02	1.0%	552	0.45	5.8K
$81.00	Sep 30	2.01	2.03	$2.02	1.0%	393	0.68	371
$68.00	Aug 21	14.25	14.40	$14.33	1.0%	18	1.00	--

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.00	Sep 11	0.81	0.82	$0.82	1.2%	3.4K	0.49	4.1K
$84.00	Sep 30	2.24	2.27	$2.26	1.3%	31	0.72	11.1K
$93.00	Sep 25	10.85	11.00	$10.93	1.4%	53	0.98	--
$95.00	Sep 18	12.80	13.00	$12.90	1.6%	2	0.99	--
$82.50	Sep 25	1.23	1.25	$1.24	1.6%	460	0.56	584

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 151 found (avg $0.36, cheapest $0.10)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.50	Aug 21	0.13	0.15	$0.14	14.3%	23.7K	0.37	49.5K
$83.00	Aug 24	0.09	0.10	$0.10	10.0%	2.5K	0.20	3.1K
$82.50	Aug 24	0.23	0.25	$0.24	8.3%	946	0.41	1.6K
$82.00	Aug 21	0.42	0.43	$0.43	2.3%	5.1K	0.73	13.7K
$83.50	Aug 26	0.08	0.09	$0.09	11.1%	272	0.15	7.2K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.00	Aug 21	0.09	0.10	$0.10	10.0%	17.4K	0.28	42.2K
$81.50	Aug 24	0.07	0.08	$0.08	12.5%	2.5K	0.17	2.9K
$82.50	Aug 21	0.30	0.32	$0.31	6.5%	17.7K	0.63	20.4K
$82.00	Aug 24	0.18	0.19	$0.19	5.3%	4.1K	0.35	1.8K
$81.00	Aug 26	0.07	0.08	$0.08	12.5%	375	0.13	381

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 177 found (avg delta 0.85, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$66.00	Aug 21	16.25	16.40	$16.33	0.9%	9	1.00	--
$67.00	Aug 21	15.25	15.40	$15.33	1.0%	19	1.00	--
$68.00	Aug 21	14.25	14.40	$14.33	1.0%	18	1.00	--
$74.00	Aug 21	8.25	8.40	$8.32	1.8%	1	1.00	--
$75.00	Aug 21	7.25	7.40	$7.33	2.0%	5	1.00	109

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$92.00	Aug 21	9.60	9.80	$9.70	2.1%	30	0.99	--
$89.00	Aug 21	6.60	6.80	$6.70	3.0%	32	0.99	--
$88.00	Aug 21	5.60	5.80	$5.70	3.5%	112	0.99	--
$95.00	Sep 18	12.80	13.00	$12.90	1.6%	2	0.99	--
$86.50	Aug 21	4.10	4.30	$4.20	4.8%	1	0.99	1

Most actively traded options today. High liquidity = easy entry/exit. 450 active (total vol 614.8K, top 96.8K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$85.00	Sep 18	0.18	0.19	$0.19	5.3%	54.6K	0.14	63.0K
$83.00	Sep 18	0.66	0.68	$0.67	3.0%	40.8K	0.37	73.2K
$84.00	Sep 18	0.35	0.37	$0.36	5.6%	40.6K	0.23	30.9K
$83.00	Aug 21	0.03	0.04	$0.04	25.0%	32.0K	0.12	52.6K
$82.50	Aug 21	0.13	0.15	$0.14	14.3%	23.7K	0.37	49.5K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.00	Sep 18	0.90	0.93	$0.92	3.3%	96.8K	0.49	167.1K
$83.00	Sep 18	1.44	1.47	$1.46	2.1%	25.8K	0.63	89.9K
$82.50	Aug 21	0.30	0.32	$0.31	6.5%	17.7K	0.63	20.4K
$82.00	Aug 21	0.09	0.10	$0.10	10.0%	17.4K	0.28	42.2K
$81.00	Sep 18	0.54	0.56	$0.55	3.6%	14.6K	0.33	134.6K

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 19.6%, max 34.9%)

CALLS (2)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$82.00	Aug 21	Oct 2	13.4%	9.9%	34.9%	5.1K	14.2K
$82.50	Aug 21	Oct 2	13.2%	12.6%	4.4%	23.8K	49.7K

PUTS (2)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$82.00	Aug 21	Oct 2	13.4%	9.9%	34.9%	17.6K	42.6K
$82.50	Aug 21	Oct 2	13.2%	12.6%	4.4%	17.7K	20.7K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 96 found (best R:R 1.70, avg 1.97)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$85.00	$86.00	Sep 30	$0.12	$0.88	$0.12	18%	7.33	$85.12
$82.00	$82.50	Aug 21	$0.29	$0.21	$0.29	73%	0.72	$82.29
$83.50	$84.00	Sep 11	$0.11	$0.39	$0.11	27%	3.55	$83.61
$84.00	$84.50	Oct 2	$0.12	$0.38	$0.12	27%	3.17	$84.12
$82.00	$82.50	Aug 24	$0.28	$0.22	$0.28	66%	0.79	$82.28

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$82.00	$81.00	Sep 30	$0.37	$0.63	$0.37	49%	1.70	$81.63
$83.00	$82.00	Sep 30	$0.52	$0.48	$0.52	61%	0.92	$82.48
$83.00	$82.00	Sep 18	$0.54	$0.46	$0.54	63%	0.85	$82.46
$82.50	$82.00	Sep 11	$0.24	$0.26	$0.24	58%	1.08	$82.26
$82.00	$81.50	Sep 25	$0.20	$0.30	$0.20	49%	1.50	$81.80

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 56 found (best R:R 0.56, avg 0.44)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$83.00	$84.00	Sep 30	$0.36	$0.36	$0.64	61%	0.56	$83.36
$83.00	$84.00	Oct 2	$0.35	$0.35	$0.65	62%	0.54	$83.35
$83.00	$84.00	Sep 18	$0.31	$0.31	$0.69	63%	0.45	$83.31
$82.50	$83.00	Sep 2	$0.21	$0.21	$0.29	58%	0.72	$82.71
$82.50	$83.00	Oct 2	$0.23	$0.23	$0.27	56%	0.85	$82.73

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$82.00	$81.50	Aug 24	$0.11	$0.11	$0.39	65%	0.28	$81.89
$82.00	$81.50	Sep 11	$0.22	$0.22	$0.28	51%	0.79	$81.78
$82.00	$81.50	Aug 28	$0.15	$0.15	$0.35	60%	0.43	$81.85
$82.00	$81.50	Sep 2	$0.20	$0.20	$0.30	52%	0.67	$81.80
$82.00	$81.50	Aug 26	$0.13	$0.13	$0.37	62%	0.35	$81.87

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	13.2%	9.6%

PUTS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$82.50	Aug 21	Aug 24	$0.09	13.2%	9.6%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 156 found (cheapest 0.55% of stock, avg 3.43%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$82.50	Aug 21	$0.14	$0.31	$0.45	$82.05	$82.95	0.55%
$82.00	Aug 21	$0.43	$0.10	$0.53	$81.47	$82.53	0.64%
$82.50	Aug 24	$0.24	$0.40	$0.64	$81.86	$83.14	0.78%
$82.00	Aug 24	$0.52	$0.19	$0.71	$81.29	$82.71	0.86%
$83.00	Aug 21	$0.04	$0.71	$0.75	$82.25	$83.75	0.91%
$82.50	Aug 26	$0.35	$0.50	$0.85	$81.65	$83.35	1.03%
$83.00	Aug 24	$0.10	$0.76	$0.86	$82.14	$83.86	1.04%
$81.50	Aug 21	$0.86	$0.04	$0.90	$80.60	$82.40	1.09%
$82.00	Aug 26	$0.63	$0.28	$0.91	$81.09	$82.91	1.11%
$81.50	Aug 24	$0.91	$0.08	$0.99	$80.51	$82.49	1.20%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 259 found (cheapest 0.07% of stock, avg 0.89%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$83.50	$81.50	Aug 21	$0.02	$0.04	$0.06	$81.44	$83.56
$84.00	$81.00	Aug 24	$0.03	$0.04	$0.07	$80.93	$84.07
$83.50	$81.00	Aug 24	$0.04	$0.04	$0.08	$80.92	$83.58
$83.00	$81.50	Aug 21	$0.04	$0.04	$0.08	$81.42	$83.08
$84.00	$80.50	Aug 26	$0.05	$0.04	$0.09	$80.41	$84.09
$84.50	$80.00	Aug 28	$0.06	$0.05	$0.11	$79.89	$84.61
$84.00	$81.50	Aug 24	$0.03	$0.08	$0.11	$81.39	$84.11
$83.50	$81.50	Aug 24	$0.04	$0.08	$0.12	$81.38	$83.62
$84.00	$81.00	Aug 26	$0.05	$0.08	$0.13	$80.87	$84.13
$84.50	$80.00	Aug 31	$0.07	$0.07	$0.14	$79.86	$84.64

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 17 found (best R:R 0.85, avg credit $0.27)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
80/80	84/84	Oct 2	$0.23	$0.27	46%	0.85	$79.77	$84.23
80/80	84/84	Sep 25	$0.26	$0.24	40%	1.08	$80.24	$83.76
80/80	84/84	Sep 25	$0.23	$0.27	46%	0.85	$80.27	$84.23
80/80	84/84	Oct 2	$0.25	$0.25	41%	1.00	$80.25	$84.25
80/81	83/84	Sep 11	$0.28	$0.22	34%	1.27	$80.72	$83.28
80/81	84/84	Sep 25	$0.25	$0.25	40%	1.00	$80.75	$84.25
80/81	84/84	Sep 25	$0.28	$0.22	34%	1.27	$80.72	$83.78
80/81	83/84	Sep 4	$0.25	$0.25	39%	1.00	$80.75	$83.25
80/81	84/84	Sep 4	$0.20	$0.30	48%	0.67	$80.80	$83.70
80/81	84/84	Sep 11	$0.23	$0.27	42%	0.85	$80.77	$83.73

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 90 found (best R:R 8.09, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$80.00	$81.00	$82.00	Sep 30	$0.11	$0.89	28%	8.09
$79.00	$80.00	$81.00	Sep 30	$0.08	$0.92	23%	11.50
$79.00	$80.00	$81.00	Sep 18	$0.10	$0.90	25%	9.00
$80.00	$81.00	$82.00	Sep 18	$0.15	$0.85	32%	5.67
$81.50	$82.00	$82.50	Aug 21	$0.14	$0.36	53%	2.57

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$79.00	$80.00	$81.00	Sep 18	$0.08	$0.92	20%	11.50
$81.50	$82.00	$82.50	Aug 24	$0.10	$0.40	42%	4.00
$80.00	$81.00	$82.00	Sep 30	$0.12	$0.88	25%	7.33
$81.50	$82.00	$82.50	Aug 21	$0.15	$0.35	52%	2.33
$82.00	$82.50	$83.00	Aug 21	$0.19	$0.31	60%	1.63

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 165 found (best net $-0.42, 150 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$70.00	$76.00	1:2	Sep 18	-$0.42	$5.58
$68.00	$74.00	1:2	Aug 21	-$2.31	$3.69
$70.00	$75.00	1:2	Sep 2	-$2.38	$2.62
$75.00	$78.00	1:2	Aug 21	-$1.33	$1.67
$75.00	$78.00	1:2	Sep 2	-$1.48	$1.52

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$95.00	$89.00	1:2	Sep 18	-$0.96	$5.04
$93.00	$88.50	1:2	Sep 25	-$1.93	$2.57
$87.00	$85.00	1:2	Sep 4	-$1.05	$0.95
$83.50	$83.00	1:2	Aug 21	-$0.23	$0.27
$82.00	$81.00	1:2	Sep 18	-$0.18	$0.82

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 65 found (best yield 1.34%, avg 0.36%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$82.50	Oct 2	$1.10	0.44	0.2%	1.34%	1.53%	122	192
$83.00	Sep 30	$0.87	0.39	0.8%	1.06%	1.86%	2.4K	10.9K
$83.00	Oct 2	$0.87	0.38	0.8%	1.06%	1.86%	231	1.3K
$82.50	Sep 25	$1.02	0.45	0.2%	1.24%	1.43%	552	5.8K
$83.00	Sep 25	$0.79	0.38	0.8%	0.96%	1.76%	478	1.1K
$83.50	Sep 25	$0.60	0.32	1.4%	0.73%	2.14%	2.6K	567
$84.00	Oct 2	$0.52	0.27	2.0%	0.63%	2.65%	8	324
$84.00	Sep 30	$0.51	0.27	2.0%	0.62%	2.64%	529	55.6K
$83.00	Sep 18	$0.66	0.37	0.8%	0.80%	1.60%	40.8K	73.2K
$84.00	Sep 25	$0.45	0.26	2.0%	0.55%	2.56%	1.3K	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 327,578

Total Puts 288,022

Put/Call Ratio 0.88

Net Difference 39,556

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 1,856,430

Total Puts 1,518,358

Average Put/Call Ratio 0.85

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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📈 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

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