TLT - Options Database

TLT

iShares 20+ Year Treasury Bond ETF

$79.35 -0.09%

(9/25 15:18) ◀

Friday, September 25, 2026 (3:23pm)

▶ (9/25 16:00)

◀ 9/25 15:23 ▶

Option Volume

Detail

ℹ

Current (09/25) 877,105

Calls: 609,150 (69%)

Puts: 267,955 (31%)

Prior (09/24) 703,703

Calls: 449,167 (64%)

Puts: 254,536 (36%)

Current vs Prior +24.64%

Calls: +35.62% (Calls)

Puts: +5.27% (Puts)

Prior 7-Day Total 3,675,404

Calls: 2,435,386 (66%)

Puts: 1,240,018 (34%)

Prior 7-Day Average 525,057

Calls: 347,912 (66%)

Puts: 177,145 (34%)

Current vs Prior 7-Day Avg +67.05%

Calls: +75.09%

Puts: +51.26%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (09/25) $43.42M

Calls: $28.34M (65%)

Puts: $15.08M (35%)

Prior (09/24) $47.87M

Calls: $19.47M (41%)

Puts: $28.40M (59%)

Current vs Prior -9.29%

Calls: +45.55%

Puts: -46.90%

Prior 7-Day Total $209.48M

Calls: $105.13M (50%)

Puts: $104.36M (50%)

Prior 7-Day Average $29.93M

Calls: $15.02M (50%)

Puts: $14.91M (50%)

Current vs Prior 7-Day Avg +45.09%

Calls: +88.71%

Puts: +1.15%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (09/25) 0.44

Prior (09/24) 0.57

Current vs Prior -22.38%

Prior 7-Day Average 0.50

Current vs Prior 7-Day Avg -12.73%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (09/25) 2,950,216

Calls: 1,983,260 (67%)

Puts: 966,956 (33%)

Prior (09/24) 2,473,323

Calls: 1,566,143 (63%)

Puts: 907,180 (37%)

Current vs Prior +19.28%

Prior 7-Day Total 20,907,668

Calls: 13,536,016 (65%)

Puts: 7,371,652 (35%)

Prior 7-Day Average 2,986,809

Calls: 1,933,716 (65%)

Puts: 1,053,093 (35%)

Current vs Prior 7-Day Avg -1.23%

Sentiment BEARISH

Expected Move

Detail

ℹ

3DTEWKMO Expiry (09/25) | Next (09/28)Expiry (09/25) | Next (10/02)Expiry (10/16) | Next (11/20)

Current 0.66% | 1.18%0.66% | 2.05%3.04% | 5.18%

Prior 1.18% | 1.51%1.18% | 2.43%3.39% | 5.45%

Current vs Prior -44.63% | -21.60%-44.64% | -15.47%-10.33% | -5.00%

Prior 7-Day Avg 0.92% | 1.27%1.09% | 1.92%1.82% | 3.90%

Current vs 7-Day Avg -29.06% | -6.87%-40.13% | +7.05%+66.61% | +32.90%

Prior 7-Day Eod 0.66% | 1.18%1.18% | 2.43%3.39% | 5.45%

Current vs 7-Day Eod +0.01% | +0.01%-44.64% | -15.47%-10.33% | -5.00%

Sentiment BULLISHBULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 13.20% | 2.17%

Calls: 13.89% | 1.85%

Puts: 12.50% | 2.50%

Prior 3.14% | 3.54%

Calls: 3.51% | 2.90%

Puts: 2.78% | 4.17%

Current vs Prior +320.38% | -38.70%

Prior 7-Day Avg 5.54% | 2.47%

Calls: 5.74% | 2.04%

Puts: 4.52% | 2.99%

Current vs 7-Day Avg +138.08% | -12.15%

Liquidity Good

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🤖 AI Insights

Moderately bullish flow with 65% call dollar volume ($28.34M). Extreme bullish P/C ratio of 0.44 - heavy call buying (609,150 calls vs 267,955 puts). P/C ratio dropping 22% - sentiment shifting bullish. Call-heavy open interest (1,983,260 calls vs 966,956 puts) suggests bullish positioning.

Smart Money BULLISH

Retail Flow BULLISH

Overall BULLISH

Dollar Volume

Option Volume

Put/Call Ratio

Open Interest

Expected Move

Current BULLISH

Prior BEARISH

7-Day Avg BULLISH

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

🎯

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 353 of results (avg 2.8%, best 0.6%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$78.50	Oct 7	1.20	1.21	$1.21	0.8%	940	0.66	--
$79.00	Oct 16	1.18	1.19	$1.19	0.8%	5.2K	0.53	2.4K
$79.50	Oct 23	1.09	1.10	$1.10	0.9%	1.9K	0.46	1.6K
$78.00	Oct 30	2.19	2.21	$2.20	0.9%	934	0.65	401
$80.00	Oct 30	1.05	1.06	$1.06	0.9%	8.4K	0.41	3.2K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$95.00	Sep 25	15.60	15.70	$15.65	0.6%	36	1.00	--
$93.00	Sep 25	13.60	13.70	$13.65	0.7%	25	1.00	--
$81.00	Nov 6	2.63	2.65	$2.64	0.8%	182	0.69	36
$92.00	Sep 25	12.60	12.70	$12.65	0.8%	32	1.00	--
$81.00	Oct 30	2.36	2.38	$2.37	0.8%	311	0.70	3.6K

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 146 found (avg $0.38, cheapest $0.16)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$79.00	Sep 25	0.33	0.38	$0.36	13.9%	19.7K	0.95	2.5K
$80.00	Sep 28	0.09	0.10	$0.10	10.0%	14.6K	0.21	3.0K
$79.50	Sep 28	0.25	0.26	$0.26	3.8%	8.4K	0.42	2.1K
$81.00	Sep 30	0.06	0.07	$0.07	14.3%	14.8K	0.10	22.7K
$81.50	Oct 2	0.05	0.06	$0.06	16.7%	1.2K	0.08	5.7K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$79.50	Sep 25	0.15	0.17	$0.16	12.5%	6.4K	0.83	13.9K
$78.50	Sep 28	0.07	0.08	$0.08	12.5%	3.2K	0.16	1.9K
$79.00	Sep 28	0.17	0.18	$0.18	5.6%	10.5K	0.33	3.8K
$80.00	Sep 25	0.63	0.67	$0.65	6.2%	4.2K	0.96	15.8K
$79.50	Sep 28	0.39	0.40	$0.40	2.5%	1.9K	0.57	3.4K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 255 found (avg delta 0.88, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$76.00	Sep 28	3.30	3.45	$3.38	4.4%	20	1.00	108
$76.50	Sep 28	2.83	2.92	$2.88	3.1%	7.6K	1.00	--
$65.00	Sep 30	14.30	14.45	$14.38	1.0%	--	1.00	73
$70.00	Sep 30	9.30	9.45	$9.38	1.6%	2	1.00	185
$74.00	Sep 30	5.30	5.45	$5.38	2.8%	3	1.00	8

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$80.50	Sep 25	1.11	1.18	$1.15	6.1%	2.3K	1.00	6.4K
$81.00	Sep 25	1.59	1.69	$1.64	6.1%	1.3K	1.00	29.1K
$81.50	Sep 25	2.11	2.20	$2.16	4.2%	15	1.00	1.1K
$82.00	Sep 25	2.60	2.69	$2.65	3.4%	113	1.00	378
$82.50	Sep 25	3.10	3.20	$3.15	3.2%	18	1.00	60

Most actively traded options today. High liquidity = easy entry/exit. 466 active (total vol 874.0K, top 56.0K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$80.00	Oct 16	0.69	0.70	$0.70	1.4%	56.0K	0.38	16.4K
$79.00	Sep 28	0.53	0.54	$0.54	1.9%	49.8K	0.67	345
$79.50	Sep 25	0.01	0.02	$0.02	50.0%	45.4K	0.18	4.0K
$81.00	Oct 16	0.36	0.37	$0.37	2.7%	33.4K	0.24	34.8K
$82.50	Oct 16	0.12	0.13	$0.13	7.7%	31.8K	0.10	11.5K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$79.00	Sep 25	0.00	0.01	$0.01	100.0%	21.2K	0.05	18.6K
$79.00	Sep 30	0.34	0.35	$0.35	2.9%	18.5K	0.39	17.8K
$81.00	Sep 30	1.67	1.71	$1.69	2.4%	11.9K	0.90	17.0K
$78.00	Oct 9	0.44	0.46	$0.45	4.4%	11.4K	0.31	2.9K
$78.00	Oct 16	0.60	0.62	$0.61	3.3%	11.4K	0.34	26.9K

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 26.2%, max 26.2%)

CALLS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$79.50	Sep 25	Nov 6	20.1%	15.9%	26.2%	45.9K	4.3K

PUTS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$79.50	Sep 25	Nov 6	20.1%	15.9%	26.2%	7.0K	14.1K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 103 found (best R:R 0.67, avg 2.42)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$75.00	$75.50	Nov 6	$0.30	$0.20	$0.30	92%	0.67	$75.30
$79.00	$79.50	Sep 28	$0.28	$0.22	$0.28	67%	0.79	$79.28
$80.50	$81.00	Oct 9	$0.11	$0.39	$0.11	26%	3.55	$80.61
$78.50	$79.00	Oct 16	$0.30	$0.20	$0.30	61%	0.67	$78.80
$78.50	$79.00	Oct 5	$0.33	$0.17	$0.33	68%	0.52	$78.83

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$81.50	$81.00	Nov 6	$0.31	$0.19	$0.31	74%	0.61	$81.19
$79.00	$78.00	Oct 30	$0.37	$0.63	$0.37	49%	1.70	$78.63
$80.00	$79.00	Oct 30	$0.50	$0.50	$0.50	59%	1.00	$79.50
$79.50	$79.00	Oct 23	$0.23	$0.27	$0.23	55%	1.17	$79.27
$78.00	$77.50	Oct 23	$0.13	$0.37	$0.13	36%	2.85	$77.87

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 60 found (best R:R 0.04, avg 0.46)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$80.00	$81.00	Sep 30	$0.19	$0.19	$0.81	69%	0.23	$80.19
$80.00	$81.00	Oct 30	$0.39	$0.39	$0.61	59%	0.64	$80.39
$81.00	$82.00	Oct 30	$0.27	$0.27	$0.73	70%	0.37	$81.27
$79.50	$80.00	Oct 23	$0.24	$0.24	$0.26	54%	0.92	$79.74
$79.50	$80.00	Oct 9	$0.22	$0.22	$0.28	56%	0.79	$79.72

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$75.00	$70.00	Oct 23	$0.17	$0.17	$4.83	88%	0.04	$74.83
$75.00	$70.00	Oct 30	$0.21	$0.21	$4.79	87%	0.04	$74.79
$74.50	$70.00	Nov 6	$0.24	$0.24	$4.26	86%	0.06	$74.26
$79.00	$78.00	Sep 30	$0.24	$0.24	$0.76	61%	0.32	$78.76
$78.00	$77.50	Oct 5	$0.11	$0.11	$0.39	73%	0.28	$77.89

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

No setups found for this strategy

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 206 found (cheapest 0.23% of stock, avg 4.50%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$79.50	Sep 25	$0.02	$0.16	$0.18	$79.32	$79.68	0.23%
$79.00	Sep 25	$0.36	$0.01	$0.37	$78.63	$79.37	0.47%
$80.00	Sep 25	$0.01	$0.65	$0.66	$79.34	$80.66	0.83%
$79.50	Sep 28	$0.26	$0.40	$0.66	$78.84	$80.16	0.83%
$79.00	Sep 28	$0.54	$0.18	$0.72	$78.28	$79.72	0.91%
$80.00	Sep 28	$0.10	$0.74	$0.84	$79.16	$80.84	1.06%
$78.50	Sep 25	$0.86	$0.01	$0.87	$77.63	$79.37	1.10%
$78.50	Sep 28	$0.94	$0.08	$1.02	$77.48	$79.52	1.29%
$79.00	Sep 30	$0.73	$0.35	$1.08	$77.92	$80.08	1.36%
$80.00	Sep 30	$0.26	$0.88	$1.14	$78.86	$81.14	1.44%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 216 found (cheapest 0.04% of stock, avg 1.26%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$79.50	$79.00	Sep 25	$0.02	$0.01	$0.03	$78.97	$79.53
$80.50	$78.00	Sep 28	$0.04	$0.04	$0.08	$77.92	$80.58
$81.00	$77.00	Sep 30	$0.07	$0.04	$0.11	$76.89	$81.11
$80.50	$78.50	Sep 28	$0.04	$0.08	$0.12	$78.38	$80.62
$80.00	$78.00	Sep 28	$0.10	$0.04	$0.14	$77.86	$80.14
$81.50	$77.00	Oct 2	$0.06	$0.10	$0.16	$76.84	$81.66
$80.00	$78.50	Sep 28	$0.10	$0.08	$0.18	$78.32	$80.18
$81.00	$78.00	Sep 30	$0.07	$0.11	$0.18	$77.82	$81.18
$81.00	$77.00	Oct 2	$0.10	$0.10	$0.20	$76.80	$81.20
$81.50	$77.00	Oct 5	$0.07	$0.14	$0.21	$76.79	$81.71

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 23 found (best R:R 1.00, avg credit $0.30)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
76/77	82/82	Nov 6	$0.25	$0.25	43%	1.00	$76.75	$81.75
77/78	80/81	Oct 23	$0.28	$0.22	37%	1.27	$77.22	$80.78
77/78	81/82	Oct 23	$0.25	$0.25	43%	1.00	$77.25	$81.25
76/77	81/82	Nov 6	$0.27	$0.23	39%	1.17	$76.73	$81.27
78/78	80/80	Oct 5	$0.25	$0.25	42%	1.00	$77.75	$80.25
78/78	80/81	Oct 16	$0.28	$0.22	36%	1.27	$77.72	$80.78
78/78	81/82	Oct 16	$0.24	$0.26	42%	0.92	$77.76	$81.24
78/78	80/80	Oct 7	$0.26	$0.24	38%	1.08	$77.74	$80.26
78/78	80/81	Oct 7	$0.21	$0.29	47%	0.72	$77.79	$80.71
78/78	80/80	Oct 9	$0.27	$0.23	34%	1.17	$77.73	$80.27

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 75 found (best R:R 28.41, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$78.50	$79.00	$79.50	Sep 25	$0.16	$0.34	79%	2.12
$78.00	$79.00	$80.00	Sep 30	$0.29	$0.71	54%	2.45
$79.00	$79.50	$80.00	Sep 25	$0.33	$0.17	91%	0.52
$79.00	$80.00	$81.00	Sep 30	$0.28	$0.72	51%	2.57
$76.00	$77.00	$78.00	Oct 30	$0.07	$0.93	20%	13.29

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$65.00	$70.00	$75.00	Oct 30	$0.17	$4.83	13%	28.41
$65.00	$70.00	$75.00	Oct 23	$0.14	$4.86	11%	34.71
$78.50	$79.00	$79.50	Sep 25	$0.15	$0.35	80%	2.33
$78.00	$79.00	$80.00	Sep 30	$0.29	$0.71	54%	2.45
$79.00	$80.00	$81.00	Sep 30	$0.28	$0.72	51%	2.57

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 149 found (best net $-1.65, 130 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$70.00	$74.00	1:2	Sep 30	-$1.38	$2.62
$65.00	$70.00	1:2	Sep 30	-$4.38	$0.62
$65.00	$70.00	1:2	Oct 2	-$4.38	$0.62
$75.50	$77.00	1:2	Oct 7	-$1.02	$0.48
$77.00	$78.00	1:2	Sep 30	-$0.56	$0.44

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$91.00	$86.00	1:2	Nov 6	-$1.65	$3.35
$86.00	$83.00	1:2	Nov 6	-$1.40	$1.60
$86.00	$83.50	1:2	Sep 28	-$1.65	$0.85
$81.00	$80.00	1:2	Sep 30	-$0.07	$0.93
$80.50	$80.00	1:2	Sep 25	-$0.15	$0.35

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 64 found (best yield 1.74%, avg 0.46%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$79.50	Nov 6	$1.38	0.45	0.2%	1.74%	1.93%	420	266
$80.00	Nov 6	$1.14	0.40	0.8%	1.44%	2.26%	667	459
$80.50	Nov 6	$0.93	0.35	1.4%	1.17%	2.62%	44	38
$80.00	Oct 30	$1.05	0.41	0.8%	1.32%	2.14%	8.4K	3.2K
$81.00	Nov 6	$0.75	0.31	2.1%	0.95%	3.02%	612	42
$79.50	Oct 23	$1.09	0.46	0.2%	1.37%	1.56%	1.9K	1.6K
$81.50	Nov 6	$0.60	0.26	2.7%	0.76%	3.47%	249	432
$81.00	Oct 30	$0.66	0.30	2.1%	0.83%	2.91%	2.0K	5.0K
$80.00	Oct 23	$0.85	0.39	0.8%	1.07%	1.89%	1.1K	2.7K
$82.00	Nov 6	$0.47	0.22	3.3%	0.59%	3.93%	494	286

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 609,150

Total Puts 267,955

Put/Call Ratio 0.44

Net Difference 341,195

Prior's Put/Call Breakdown

Total Calls 449,167

Total Puts 254,536

Put/Call Ratio 0.57

Net Difference 194,631

Prior 7-Day Put/Call Summary

Total Calls 2,435,386

Total Puts 1,240,018

Average Put/Call Ratio 0.50

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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Option Volume

Dollar Volume

Put/Call Ratio

Open Interest

Expected Move

Relative Spread

🤖 AI Insights

📈 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

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