Tour v526
TLT
iShares 20+ Year Treasury Bond ETF
$82.00 -0.42%
8/21 15:26

Option Volume

Detail
Current (08/21) 478,707
Calls: 180,354 (38%)
Puts: 298,353 (62%)
Prior (08/20) 615,600
Calls: 327,578 (53%)
Puts: 288,022 (47%)
Current vs Prior -22.24%
Calls: -44.94% (Calls)
Puts: +3.59% (Puts)
Prior 7-Day Total 3,155,455
Calls: 1,700,745 (54%)
Puts: 1,454,710 (46%)
Prior 7-Day Average 525,909
Calls: 242,963 (54%)
Puts: 207,815 (46%)
Current vs Prior 7-Day Avg -8.98%
Calls: -25.77%
Puts: +43.57%
Sentiment BEARISH

Dollar Volume

Detail
Current (08/21) $28.81M
Calls: $9.79M (34%)
Puts: $19.02M (66%)
Prior (08/20) $36.32M
Calls: $13.49M (37%)
Puts: $22.83M (63%)
Current vs Prior -20.67%
Calls: -27.44%
Puts: -16.68%
Prior 7-Day Total $283.61M
Calls: $172.12M (61%)
Puts: $111.49M (39%)
Prior 7-Day Average $47.27M
Calls: $24.59M (61%)
Puts: $15.93M (39%)
Current vs Prior 7-Day Avg -39.04%
Calls: -60.18%
Puts: +19.43%
Sentiment BEARISH

Put/Call Ratio

Detail
Current (08/21) 1.65
Prior (08/20) 0.88
Current vs Prior +88.15%
Prior 7-Day Average 0.90
Current vs Prior 7-Day Avg +83.09%
Sentiment BEARISH

Open Interest

Detail
Current (08/21) 3,692,834
Calls: 2,163,209 (59%)
Puts: 1,529,625 (41%)
Prior (08/20) 2,949,226
Calls: 1,579,955 (54%)
Puts: 1,369,271 (46%)
Current vs Prior +25.21%
Prior 7-Day Total 16,442,926
Calls: 8,291,896 (50%)
Puts: 8,151,030 (50%)
Prior 7-Day Average 2,740,487
Calls: 1,381,982 (50%)
Puts: 1,358,505 (50%)
Current vs Prior 7-Day Avg +34.75%
Sentiment BEARISH

Expected Move

Detail
Expiry (08/21) | Next (08/24)Expiry (08/21) | Next (08/28)Expiry (08/21) | Next (09/18)
Current 0.13% | 0.56%0.13% | 1.18%0.13% | 2.38%
Prior 0.90% | 1.12%0.90% | 1.65%0.90% | 3.17%
Current vs Prior -85.07% | -49.79%-85.08% | -28.38%-85.08% | -24.98%
Prior 7-Day Avg 0.94% | 1.17%1.00% | 1.62%0.81% | 3.24%
Current vs 7-Day Avg -85.75% | -52.08%-86.57% | -27.13%-83.47% | -26.65%
Prior 7-Day Eod 0.90% | 1.12%0.90% | 1.65%0.90% | 3.17%
Current vs 7-Day Eod -85.07% | -49.79%-85.08% | -28.38%-85.08% | -24.98%
Sentiment BULLISHBULLISHBULLISH

Relative Spread

Detail
Expiry | Next
Current 18.34% | 4.35%
Calls: 20.00% | 4.35%
Puts: 16.67% | 4.35%
Prior 3.89% | 3.46%
Calls: 4.65% | 1.92%
Puts: 3.13% | 5.00%
Current vs Prior +371.47% | +25.72%
Prior 7-Day Avg 6.46% | 3.76%
Calls: 5.89% | 3.26%
Puts: 7.04% | 4.25%
Current vs 7-Day Avg +183.68% | +15.85%
Liquidity Acceptable
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🤖 AI Insights

Moderately bearish flow with 66% put dollar volume ($19.02M). Extreme bearish P/C ratio of 1.65 - heavy put buying. P/C ratio rising 88% - increased hedging/bearish positioning. Rising open interest (up 25%) indicates new positions being established.

Smart Money BEARISH
Retail Flow BEARISH
Overall BEARISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BEARISH
Prior BEARISH
7-Day Avg BULLISH
Current BEARISH
Prior NEUTRAL
7-Day Avg NEUTRAL
Current BEARISH
Prior NEUTRAL
7-Day Avg NEUTRAL
Current BULLISH
Prior NEUTRAL
7-Day Avg NEUTRAL
Current BULLISH
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 369 of results (avg 2.7%, best 0.5%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$80.50Sep 252.012.02$2.010.5%2540.72113
$81.00Sep 251.661.67$1.670.6%2100.64315
$66.00Aug 2115.9516.05$16.000.6%901.0010
$81.00Sep 181.521.53$1.530.7%2.8K0.669.0K
$67.00Aug 2114.9515.05$15.000.7%901.0019
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$98.00Aug 2115.9516.05$16.000.6%271.00--
$83.00Sep 111.561.57$1.570.6%1230.712.0K
$97.00Aug 2114.9515.05$15.000.7%291.00--
$96.00Aug 2113.9514.05$14.000.7%311.00--
$95.00Aug 2112.9513.05$13.000.8%151.00--

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 154 found (avg $0.32, cheapest $0.06)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$82.50Aug 240.060.07$0.0714.3%1.8K0.201.4K
$82.00Aug 240.220.23$0.234.3%4.2K0.481.3K
$81.50Aug 210.490.51$0.504.0%6450.964.9K
$83.00Aug 260.070.08$0.0812.5%3.3K0.155.5K
$82.50Aug 260.170.18$0.185.6%1.6K0.291.0K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$82.00Aug 210.050.06$0.0616.7%21.3K0.5348.9K
$81.50Aug 240.060.07$0.0714.3%1.2K0.203.4K
$82.00Aug 240.220.23$0.234.3%3.3K0.522.2K
$81.00Aug 260.060.07$0.0714.3%9100.14677
$82.50Aug 210.500.52$0.513.9%3.4K0.9621.7K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 270 found (avg delta 0.90, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$66.00Aug 2115.9516.05$16.000.6%901.0010
$67.00Aug 2114.9515.05$15.000.7%901.0019
$68.00Aug 2113.9514.05$14.000.7%681.0019
$69.00Aug 2112.9513.05$13.000.8%821.003
$70.00Aug 2111.9512.05$12.000.8%2061.00164
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$97.00Aug 2114.9515.05$15.000.7%291.00--
$98.00Aug 2115.9516.05$16.000.6%271.00--
$93.00Aug 2110.9511.05$11.000.9%191.005
$94.00Aug 2111.9512.05$12.000.8%161.00--
$95.00Aug 2112.9513.05$13.000.8%151.00--

Most actively traded options today. High liquidity = easy entry/exit. 450 active (total vol 478.1K, top 67.5K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$85.00Sep 180.150.16$0.166.3%24.8K0.1284.9K
$83.00Sep 180.520.53$0.531.9%17.0K0.3276.1K
$84.00Sep 180.280.29$0.293.4%12.2K0.2055.7K
$82.50Aug 280.280.29$0.293.4%9.7K0.3414.2K
$82.00Aug 210.040.05$0.0520.0%9.6K0.4714.0K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$81.00Sep 180.600.61$0.611.6%67.5K0.38133.8K
$80.00Sep 180.330.34$0.342.9%67.0K0.2366.4K
$83.00Sep 181.641.66$1.651.2%29.9K0.6878.1K
$82.00Sep 181.021.03$1.021.0%25.9K0.54129.8K
$82.00Aug 210.050.06$0.0616.7%21.3K0.5348.9K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 2 strikes (avg 28.4%, max 28.4%)

CALLS (1)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$82.00Aug 21Oct 216.0%12.4%28.4%9.7K14.4K
PUTS (1)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$82.00Aug 21Oct 216.0%12.4%28.4%21.4K49.5K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 88 found (best R:R 1.44, avg 1.88)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$81.50$82.00Aug 24$0.33$0.17$0.3381%0.52$81.83
$81.50$82.00Aug 26$0.31$0.19$0.3171%0.61$81.81
$81.50$82.00Aug 28$0.30$0.20$0.3067%0.67$81.80
$84.00$85.00Sep 18$0.13$0.87$0.1320%6.69$84.13
$82.50$83.00Sep 11$0.16$0.34$0.1637%2.12$82.66
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$82.00$81.00Sep 18$0.41$0.59$0.4154%1.44$81.59
$82.00$81.00Sep 30$0.42$0.58$0.4253%1.38$81.58
$82.50$82.00Aug 24$0.33$0.17$0.3380%0.52$82.17
$81.00$80.00Sep 30$0.28$0.72$0.2839%2.57$80.72
$81.00$80.50Sep 25$0.15$0.35$0.1539%2.33$80.85

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 39 found (best R:R 0.23, avg 0.39)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$84.00$85.00Sep 30$0.19$0.19$0.8176%0.23$84.19
$82.50$83.00Sep 25$0.20$0.20$0.3060%0.67$82.70
$82.50$83.00Oct 2$0.20$0.20$0.3060%0.67$82.70
$83.00$84.00Sep 18$0.24$0.24$0.7668%0.32$83.24
$82.50$83.00Sep 2$0.14$0.14$0.3666%0.39$82.64
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$81.50$81.00Aug 26$0.10$0.10$0.4070%0.25$81.40
$81.00$80.50Sep 2$0.12$0.12$0.3869%0.32$80.88
$81.50$81.00Aug 28$0.12$0.12$0.3867%0.32$81.38
$81.50$81.00Aug 31$0.13$0.13$0.3765%0.35$81.37
$80.50$80.00Sep 11$0.11$0.11$0.3972%0.28$80.39

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $0.17, cheapest $0.17)

CALLS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$82.00Aug 21Aug 24$0.1816.0%7.1%
PUTS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$82.00Aug 21Aug 24$0.1716.0%7.1%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 225 found (cheapest 0.13% of stock, avg 4.33%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$82.00Aug 21$0.05$0.06$0.11$81.89$82.110.13%
$82.00Aug 24$0.23$0.23$0.46$81.54$82.460.56%
$81.50Aug 21$0.50$0.01$0.51$80.99$82.010.62%
$82.50Aug 21$0.01$0.51$0.52$81.98$83.020.63%
$81.50Aug 24$0.56$0.07$0.63$80.87$82.130.77%
$82.50Aug 24$0.07$0.56$0.63$81.87$83.130.77%
$82.00Aug 26$0.37$0.36$0.73$81.27$82.730.89%
$82.50Aug 26$0.18$0.66$0.84$81.66$83.341.02%
$81.50Aug 26$0.68$0.17$0.85$80.65$82.351.04%
$82.00Aug 28$0.51$0.46$0.97$81.03$82.971.18%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 223 found (cheapest 0.07% of stock, avg 0.93%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$83.00$81.00Aug 24$0.03$0.03$0.06$80.94$83.06
$83.50$80.50Aug 26$0.04$0.03$0.07$80.43$83.57
$84.50$80.00Aug 28$0.04$0.04$0.08$79.92$84.58
$84.00$80.00Aug 28$0.05$0.04$0.09$79.91$84.09
$82.50$81.00Aug 24$0.07$0.03$0.10$80.90$82.60
$83.00$81.50Aug 24$0.03$0.07$0.10$81.40$83.10
$84.50$80.50Aug 28$0.04$0.07$0.11$80.39$84.61
$83.50$81.00Aug 26$0.04$0.07$0.11$80.89$83.61
$83.00$80.50Aug 26$0.08$0.03$0.11$80.39$83.11
$84.00$80.00Aug 31$0.07$0.05$0.12$79.88$84.12

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 15 found (best R:R 1.27, avg credit $0.30)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
80/8083/84Oct 2$0.28$0.2236%1.27$79.72$83.28
80/8084/84Oct 2$0.25$0.2542%1.00$79.75$83.75
80/8083/84Sep 11$0.23$0.2744%0.85$80.27$83.23
80/8084/84Sep 25$0.24$0.2641%0.92$80.26$83.74
80/8083/84Sep 25$0.27$0.2335%1.17$80.23$83.27
80/8182/83Sep 4$0.28$0.2232%1.27$80.72$82.78
80/8182/83Sep 2$0.26$0.2436%1.08$80.74$82.76
80/8183/84Sep 4$0.23$0.2742%0.85$80.77$83.23
81/8282/83Aug 28$0.25$0.2532%1.00$81.25$82.75
78/7984/85Sep 30$0.30$0.7059%0.43$78.70$84.30

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 95 found (best R:R 9.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$81.00$81.50$82.00Aug 21$0.05$0.4553%9.00
$80.00$81.00$82.00Sep 18$0.13$0.8736%6.69
$78.00$79.00$80.00Sep 30$0.05$0.9519%19.00
$80.00$81.00$82.00Sep 30$0.12$0.8830%7.33
$81.50$82.00$82.50Aug 24$0.17$0.3361%1.94
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$82.00$82.50$83.00Aug 21$0.06$0.4444%7.33
$80.00$81.00$82.00Sep 18$0.14$0.8630%6.14
$81.50$82.00$82.50Aug 24$0.17$0.3360%1.94
$78.00$79.00$80.00Sep 18$0.06$0.9416%15.67
$81.00$81.50$82.00Aug 26$0.09$0.4137%4.56

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 140 found (best net $-2.00, 131 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$70.00$75.001:2Aug 24-$2.00$3.00
$70.00$75.001:2Sep 11-$2.05$2.95
$75.00$78.001:2Aug 24-$1.00$2.00
$71.00$75.001:2Sep 2-$3.08$0.92
$71.00$75.001:2Sep 18-$3.11$0.89
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$93.00$88.501:2Sep 25-$2.33$2.17
$87.50$85.001:2Aug 28-$0.54$1.96
$85.50$84.001:2Sep 2-$0.86$0.64
$83.00$82.501:2Aug 24-$0.10$0.40
$82.00$81.001:2Sep 18-$0.20$0.80

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 67 found (best yield 1.40%, avg 0.41%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$82.00Sep 30$1.150.470.0%1.40%1.40%1.1K8.3K
$82.00Oct 2$1.150.460.0%1.40%1.40%82440
$82.50Oct 2$0.920.400.6%1.12%1.73%61212
$83.00Sep 30$0.710.351.2%0.87%2.09%1.1K10.3K
$82.00Sep 25$1.060.470.0%1.29%1.29%4971.1K
$83.00Oct 2$0.720.341.2%0.88%2.10%121.4K
$82.50Sep 25$0.830.400.6%1.01%1.62%3916.2K
$83.50Oct 2$0.560.281.8%0.68%2.51%5282
$83.00Sep 25$0.630.341.2%0.77%1.99%5891.3K
$82.00Sep 18$0.920.470.0%1.12%1.12%1.5K75.3K

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 180,354
Total Puts 298,353
Put/Call Ratio 1.65
Net Difference -117,999

Prior's Put/Call Breakdown

Total Calls 327,578
Total Puts 288,022
Put/Call Ratio 0.88
Net Difference 39,556

Prior 7-Day Put/Call Summary

Total Calls 1,700,745
Total Puts 1,454,710
Average Put/Call Ratio 0.90
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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Chart Title

Price — Past 7 Days

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