Tour v526
TLT
iShares 20+ Year Treasury Bond ETF
$83.47 +1.10%
$83.48 (+0.01%)🌙
as of 08/25 07:08 PM
(8/25 16:01) ◀
|
Tuesday, August 25, 2026 (7:08pm)
January 2026
|
▶ (8/26 10:00)
◀ 8/25 19:08 ▶

Option Volume

Detail
ℹ
Current (08/25) 346,981
Calls: 234,733 (68%)
Puts: 112,248 (32%)
Prior (08/24) 411,803
Calls: 277,345 (67%)
Puts: 134,458 (33%)
Current vs Prior -15.74%
Calls: -15.36% (Calls)
Puts: -16.52% (Puts)
Prior 7-Day Total 3,364,612
Calls: 1,896,822 (56%)
Puts: 1,467,790 (44%)
Prior 7-Day Average 480,658
Calls: 270,974 (56%)
Puts: 209,684 (44%)
Current vs Prior 7-Day Avg -27.81%
Calls: -13.37%
Puts: -46.47%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/25) $16.49M
Calls: $11.82M (72%)
Puts: $4.68M (28%)
Prior (08/24) $23.48M
Calls: $12.53M (53%)
Puts: $10.95M (47%)
Current vs Prior -29.76%
Calls: -5.72%
Puts: -57.28%
Prior 7-Day Total $194.41M
Calls: $95.06M (49%)
Puts: $99.35M (51%)
Prior 7-Day Average $27.77M
Calls: $13.58M (49%)
Puts: $14.19M (51%)
Current vs Prior 7-Day Avg -40.61%
Calls: -12.99%
Puts: -67.04%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/25) 0.48
Prior (08/24) 0.48
Current vs Prior -1.36%
Prior 7-Day Average 0.80
Current vs Prior 7-Day Avg -40.34%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (08/25) 2,393,123
Calls: 1,376,409 (58%)
Puts: 1,016,714 (42%)
Prior (08/24) 2,725,544
Calls: 1,550,439 (57%)
Puts: 1,175,105 (43%)
Current vs Prior -12.20%
Prior 7-Day Total 19,809,826
Calls: 10,618,366 (54%)
Puts: 9,191,460 (46%)
Prior 7-Day Average 2,829,975
Calls: 1,516,909 (54%)
Puts: 1,313,065 (46%)
Current vs Prior 7-Day Avg -15.44%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (08/26) | Next (08/28)Expiry (08/28) | Next (09/04)Expiry (09/18) | Next (10/16)
Current 0.90% | 1.28%1.28% | 1.93%2.59% | 4.01%
Prior 0.62% | 1.03%1.32% | 1.97%2.64% | 4.04%
Current vs Prior +45.53% | +24.57%-2.86% | -2.26%-1.95% | -0.75%
Prior 7-Day Avg 0.91% | 1.18%1.08% | 1.74%1.04% | 3.35%
Current vs 7-Day Avg -1.13% | +8.18%+18.99% | +11.08%+149.09% | +19.93%
Prior 7-Day Eod 0.84% | 1.21%1.32% | 1.97%2.64% | 4.04%
Current vs 7-Day Eod +7.00% | +5.80%-2.86% | -2.26%-1.95% | -0.75%
Sentiment BEARISHBULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 5.46% | 3.27%
Calls: 7.69% | 1.54%
Puts: 3.23% | 5.00%
Prior 20.51% | 2.45%
Calls: 33.33% | 2.94%
Puts: 7.69% | 1.96%
Current vs Prior -73.38% | +33.47%
Prior 7-Day Avg 7.90% | 2.99%
Calls: 9.84% | 2.73%
Puts: 6.43% | 3.28%
Current vs 7-Day Avg -30.90% | +9.52%
Liquidity Acceptable
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🤖 AI Insights

Moderately bullish flow with 72% call dollar volume ($11.82M). Extreme bullish P/C ratio of 0.48 - heavy call buying (234,733 calls vs 112,248 puts).

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 BEARISH
Current BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BULLISH
Prior BULLISH
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 248 of results (avg 4.2%, best 0.9%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$83.00Sep 181.131.14$1.130.9%9.0K0.5673.2K
$68.00Aug 2615.4015.55$15.481.0%11.00--
$83.50Sep 251.021.03$1.021.0%4.3K0.472.6K
$69.00Aug 2614.4014.55$14.481.0%251.0029
$70.00Aug 2613.4013.55$13.481.1%261.0031
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$84.50Sep 181.661.68$1.671.2%20.69--
$85.00Sep 302.132.16$2.151.4%8480.712.1K
$84.00Sep 181.321.34$1.331.5%2830.6213.6K
$95.00Sep 1811.7011.90$11.801.7%30.992.0K
$92.00Sep 188.758.90$8.821.7%10.98--

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 139 found (avg $0.35, cheapest $0.06)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$83.50Aug 260.180.20$0.1910.5%16.2K0.477.8K
$84.00Aug 280.180.20$0.1910.5%5.1K0.307.9K
$83.00Aug 260.490.55$0.5211.5%11.2K0.8214.4K
$85.00Aug 310.060.07$0.0714.3%3790.1111.7K
$84.50Aug 310.120.14$0.1315.4%4410.20726
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$83.00Aug 260.050.06$0.0616.7%3.7K0.19920
$83.50Aug 260.220.24$0.238.7%9780.53209
$82.50Aug 280.070.08$0.0812.5%1.8K0.154.7K
$82.00Aug 310.050.06$0.0616.7%6230.101.8K
$83.00Aug 280.180.20$0.1910.5%2.4K0.314.5K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 180 found (avg delta 0.87, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$68.00Aug 2615.4015.55$15.481.0%11.00--
$69.00Aug 2614.4014.55$14.481.0%251.0029
$70.00Aug 2613.4013.55$13.481.1%261.0031
$71.00Aug 2612.4012.55$12.481.2%141.0018
$72.00Aug 2611.4011.55$11.481.3%161.0019
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$89.00Aug 265.455.65$5.553.6%10.99--
$88.50Aug 264.955.15$5.054.0%10.99--
$87.00Aug 263.453.60$3.534.2%140.99--
$87.00Aug 283.453.60$3.534.2%1550.99--
$86.50Aug 262.983.15$3.075.5%20.99--

Most actively traded options today. High liquidity = easy entry/exit. 447 active (total vol 346.4K, top 24.2K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$85.00Sep 180.350.36$0.362.8%24.2K0.24102.1K
$83.50Aug 260.180.20$0.1910.5%16.2K0.477.8K
$83.00Aug 260.490.55$0.5211.5%11.2K0.8214.4K
$84.00Aug 260.040.06$0.0540.0%9.6K0.175.6K
$83.00Sep 181.131.14$1.130.9%9.0K0.5673.2K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$83.00Sep 180.780.80$0.792.5%23.4K0.4786.6K
$82.00Sep 180.430.44$0.442.3%17.6K0.30134.6K
$78.00Sep 180.030.04$0.0425.0%6.8K0.0383.6K
$81.00Sep 180.220.23$0.234.3%4.4K0.1763.1K
$82.00Sep 250.510.53$0.523.8%3.8K0.321.8K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 6 strikes (avg 10.9%, max 24.4%)

CALLS (3)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$83.00Aug 26Oct 212.4%10.0%24.4%11.8K16.1K
$84.00Aug 26Oct 213.5%12.5%7.4%9.8K6.1K
$83.50Aug 26Oct 212.7%12.6%0.9%16.9K8.3K
PUTS (3)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$83.00Aug 26Oct 212.4%10.0%24.4%3.8K1.1K
$84.00Aug 26Oct 213.5%12.5%7.4%21317
$83.50Aug 26Oct 212.7%12.6%0.9%1.0K326

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 88 found (best R:R 2.85, avg 2.00)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$80.00$80.50Oct 2$0.13$0.37$0.13100%2.85$80.13
$83.00$83.50Aug 26$0.33$0.17$0.3382%0.52$83.33
$86.00$87.00Sep 30$0.12$0.88$0.1219%7.33$86.12
$83.00$83.50Aug 31$0.29$0.21$0.2967%0.72$83.29
$83.00$83.50Aug 28$0.30$0.20$0.3069%0.67$83.30
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$84.00$83.00Sep 30$0.52$0.48$0.5260%0.92$83.48
$82.00$81.50Sep 25$0.12$0.38$0.1232%3.17$81.88
$83.50$83.00Sep 18$0.24$0.26$0.2455%1.08$83.26
$83.50$83.00Oct 2$0.25$0.25$0.2555%1.00$83.25
$82.50$82.00Sep 18$0.15$0.35$0.1538%2.33$82.35

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 52 found (best R:R 0.72, avg 0.45)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$83.50$84.00Sep 4$0.21$0.21$0.2955%0.72$83.71
$84.00$84.50Oct 2$0.20$0.20$0.3060%0.67$84.20
$83.50$84.00Sep 2$0.20$0.20$0.3055%0.67$83.70
$83.50$84.00Aug 26$0.14$0.14$0.3653%0.39$83.64
$84.00$84.50Sep 4$0.14$0.14$0.3667%0.39$84.14
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$83.00$82.50Aug 28$0.11$0.11$0.3969%0.28$82.89
$83.00$82.50Sep 2$0.19$0.19$0.3157%0.61$82.81
$82.00$81.00Sep 9$0.15$0.15$0.8575%0.18$81.85
$83.00$82.00Sep 9$0.33$0.33$0.6754%0.49$82.67
$83.00$82.50Aug 31$0.12$0.12$0.3867%0.32$82.88

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $0.17, cheapest $0.16)

CALLS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$83.50Aug 26Aug 28$0.1912.7%13.3%
PUTS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$83.50Aug 26Aug 28$0.1612.7%13.3%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 143 found (cheapest 0.50% of stock, avg 3.38%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$83.50Aug 26$0.19$0.23$0.42$83.08$83.920.50%
$83.00Aug 26$0.52$0.06$0.58$82.42$83.580.69%
$84.00Aug 26$0.05$0.59$0.64$83.36$84.640.77%
$83.50Aug 28$0.38$0.39$0.77$82.73$84.270.92%
$83.00Aug 28$0.68$0.19$0.87$82.13$83.871.04%
$84.00Aug 28$0.19$0.71$0.90$83.10$84.901.08%
$83.50Aug 31$0.45$0.45$0.90$82.60$84.401.08%
$83.00Aug 31$0.74$0.24$0.98$82.02$83.981.17%
$82.50Aug 26$0.98$0.02$1.00$81.50$83.501.20%
$84.00Aug 31$0.25$0.75$1.00$83.00$85.001.20%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 224 found (cheapest 0.05% of stock, avg 0.92%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$84.50$82.50Aug 26$0.02$0.02$0.04$82.46$84.54
$84.00$82.50Aug 26$0.05$0.02$0.07$82.43$84.07
$85.00$82.00Aug 28$0.04$0.04$0.08$81.92$85.08
$84.50$83.00Aug 26$0.02$0.06$0.08$82.92$84.58
$85.50$81.00Sep 2$0.05$0.05$0.10$80.90$85.60
$85.50$82.00Aug 31$0.04$0.06$0.10$81.90$85.60
$87.00$80.00Sep 9$0.06$0.05$0.11$79.89$87.11
$84.00$83.00Aug 26$0.05$0.06$0.11$82.89$84.11
$85.50$81.50Sep 2$0.05$0.07$0.12$81.38$85.62
$85.00$82.50Aug 28$0.04$0.08$0.12$82.38$85.12

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 17 found (best R:R 1.27, avg credit $0.28)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
81/8284/85Oct 2$0.28$0.2237%1.27$81.22$84.78
81/8284/85Sep 25$0.25$0.2542%1.00$81.25$84.75
81/8285/86Oct 2$0.24$0.2643%0.92$81.26$85.24
81/8285/86Sep 25$0.21$0.2948%0.72$81.29$85.21
82/8284/85Sep 18$0.25$0.2539%1.00$81.75$84.75
82/8284/85Sep 25$0.27$0.2335%1.17$81.73$84.77
82/8284/84Sep 4$0.27$0.2335%1.17$82.23$84.27
82/8285/86Sep 25$0.23$0.2741%0.85$81.77$85.23
82/8284/84Sep 2$0.23$0.2740%0.85$82.27$84.23
82/8384/84Aug 31$0.24$0.2634%0.92$82.76$84.24

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 79 found (best R:R 4.56, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$81.00$82.00$83.00Sep 9$0.18$0.8242%4.56
$81.00$82.00$83.00Sep 30$0.11$0.8930%8.09
$82.00$82.50$83.00Sep 2$0.06$0.4439%7.33
$82.00$83.00$84.00Sep 9$0.28$0.7250%2.57
$83.00$83.50$84.00Aug 26$0.19$0.3165%1.63
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$83.00$83.50$84.00Aug 26$0.19$0.3164%1.63
$83.50$84.00$84.50Aug 26$0.10$0.4041%4.00
$81.00$82.00$83.00Sep 9$0.18$0.8234%4.56
$82.50$83.00$83.50Aug 26$0.13$0.3748%2.85
$85.00$86.00$87.00Sep 18$0.06$0.9415%15.67

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 147 found (best net $-1.52, 134 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$72.00$77.001:2Aug 28-$1.52$3.48
$77.00$80.001:2Sep 2-$0.50$2.50
$82.00$83.001:2Sep 9-$0.14$0.86
$78.00$80.001:2Sep 4-$1.56$0.44
$78.00$80.001:2Sep 18-$1.57$0.43
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$85.50$84.501:2Aug 26-$0.05$0.95
$85.00$84.001:2Sep 9-$0.38$0.62
$84.50$84.001:2Aug 26-$0.13$0.37
$84.00$83.501:2Aug 28-$0.07$0.43
$83.00$82.001:2Sep 30-$0.20$0.80

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 68 found (best yield 1.31%, avg 0.37%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$83.50Oct 2$1.090.460.0%1.31%1.34%652489
$84.00Oct 2$0.880.400.6%1.05%1.69%123460
$84.00Sep 30$0.870.410.6%1.04%1.68%1.8K52.2K
$83.50Sep 25$1.020.470.0%1.22%1.26%4.3K2.6K
$84.50Oct 2$0.680.341.2%0.81%2.05%85444
$84.00Sep 25$0.780.400.6%0.93%1.57%3352.7K
$85.00Sep 30$0.530.281.8%0.63%2.47%4.3K19.4K
$85.00Oct 2$0.530.281.8%0.63%2.47%329597
$84.50Sep 25$0.600.331.2%0.72%1.95%138953
$83.50Sep 18$0.870.460.0%1.04%1.08%6.6K907

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 234,733
Total Puts 112,248
Put/Call Ratio 0.48
Net Difference 122,485

Prior's Put/Call Breakdown

Total Calls 277,345
Total Puts 134,458
Put/Call Ratio 0.48
Net Difference 142,887

Prior 7-Day Put/Call Summary

Total Calls 1,896,822
Total Puts 1,467,790
Average Put/Call Ratio 0.80
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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Chart Title

Price — Past 7 Days

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