TLT - Options Database

TLT

iShares 20+ Year Treasury Bond ETF

$78.47 -1.08%

(9/28 15:14) ◀

Monday, September 28, 2026 (3:17pm)

▶

◀ 9/28 15:17

Option Volume

Detail

ℹ

Current (09/28) 752,878

Calls: 461,284 (61%)

Puts: 291,594 (39%)

Prior (09/25) 982,623

Calls: 680,665 (69%)

Puts: 301,958 (31%)

Current vs Prior -23.38%

Calls: -32.23% (Calls)

Puts: -3.43% (Puts)

Prior 7-Day Total 4,012,307

Calls: 2,609,999 (65%)

Puts: 1,402,308 (35%)

Prior 7-Day Average 573,186

Calls: 372,857 (65%)

Puts: 200,329 (35%)

Current vs Prior 7-Day Avg +31.35%

Calls: +23.72%

Puts: +45.56%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (09/28) $42.43M

Calls: $16.47M (39%)

Puts: $25.96M (61%)

Prior (09/25) $48.94M

Calls: $31.54M (64%)

Puts: $17.40M (36%)

Current vs Prior -13.30%

Calls: -47.78%

Puts: +49.21%

Prior 7-Day Total $207.25M

Calls: $107.69M (52%)

Puts: $99.56M (48%)

Prior 7-Day Average $29.61M

Calls: $15.38M (52%)

Puts: $14.22M (48%)

Current vs Prior 7-Day Avg +43.31%

Calls: +7.06%

Puts: +82.52%

Sentiment BEARISH

Put/Call Ratio

Detail

ℹ

Current (09/28) 0.63

Prior (09/25) 0.44

Current vs Prior +42.49%

Prior 7-Day Average 0.53

Current vs Prior 7-Day Avg +19.27%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (09/28) 3,009,708

Calls: 2,053,884 (68%)

Puts: 955,824 (32%)

Prior (09/25) 2,528,733

Calls: 1,605,700 (63%)

Puts: 923,033 (37%)

Current vs Prior +19.02%

Prior 7-Day Total 19,328,166

Calls: 12,547,667 (65%)

Puts: 6,780,499 (35%)

Prior 7-Day Average 2,761,166

Calls: 1,792,523 (65%)

Puts: 968,642 (35%)

Current vs Prior 7-Day Avg +9.00%

Sentiment BEARISH

Expected Move

Detail

ℹ

3DTEWKMO Expiry (09/28) | Next (09/30)Expiry (10/02) | Next (10/09)Expiry (10/16) | Next (11/20)

Current 0.70% | 1.89%2.00% | 2.57%3.12% | 5.31%

Prior 1.17% | 2.02%0.66% | 2.09%3.03% | 5.16%

Current vs Prior -40.22% | -6.50%+205.19% | +23.00%+3.19% | +3.06%

Prior 7-Day Avg 0.97% | 1.43%1.06% | 2.01%2.18% | 4.24%

Current vs 7-Day Avg -27.92% | +31.83%+89.31% | +27.89%+43.19% | +25.24%

Prior 7-Day Eod 0.71% | 1.89%0.66% | 2.09%3.03% | 5.16%

Current vs 7-Day Eod -1.82% | -0.04%+205.19% | +23.00%+3.19% | +3.06%

Sentiment BULLISHBEARISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 9.90% | 2.71%

Calls: 8.70% | 2.74%

Puts: 11.11% | 2.67%

Prior 2.17% | 1.82%

Calls: 1.89% | 1.39%

Puts: 2.44% | 2.25%

Current vs Prior +356.22% | +48.90%

Prior 7-Day Avg 6.07% | 2.48%

Calls: 5.60% | 1.91%

Puts: 4.46% | 2.96%

Current vs 7-Day Avg +63.06% | +9.46%

Liquidity Good

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Moderately bearish flow with 61% put dollar volume ($25.96M). Bullish P/C ratio of 0.63. P/C ratio rising 42% - increased hedging/bearish positioning. Call-heavy open interest (2,053,884 calls vs 955,824 puts) suggests bullish 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 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

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Tightest Spreads

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Best Value <$1

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High Delta

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Ratio Spreads

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Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 360 of results (avg 3.0%, best 0.8%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$78.00	Oct 16	1.26	1.27	$1.27	0.8%	749	0.55	1.9K
$79.00	Oct 30	1.13	1.14	$1.13	0.9%	1.8K	0.43	2.8K
$68.00	Sep 28	10.40	10.50	$10.45	1.0%	11	1.00	--
$77.00	Oct 16	1.92	1.94	$1.93	1.0%	469	0.70	825
$76.50	Nov 6	2.73	2.76	$2.75	1.1%	133	0.69	6

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$77.00	Nov 6	1.09	1.10	$1.10	0.9%	265	0.39	573
$94.00	Oct 16	15.75	15.90	$15.83	0.9%	1	0.99	284
$94.00	Sep 28	15.45	15.60	$15.52	1.0%	4	1.00	--
$93.00	Oct 16	14.75	14.90	$14.83	1.0%	7	0.99	403
$93.00	Sep 28	14.45	14.60	$14.52	1.0%	8	1.00	--

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 154 found (avg $0.35, cheapest $0.09)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$78.00	Sep 28	0.44	0.48	$0.46	8.7%	7.8K	0.96	1.2K
$80.00	Sep 30	0.06	0.07	$0.07	14.3%	25.7K	0.11	21.1K
$79.00	Sep 30	0.23	0.24	$0.24	4.2%	46.5K	0.32	7.6K
$80.50	Oct 2	0.06	0.07	$0.07	14.3%	3.3K	0.09	7.4K
$80.00	Oct 2	0.11	0.12	$0.12	8.3%	13.4K	0.14	23.5K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$78.50	Sep 28	0.08	0.09	$0.09	11.1%	15.7K	0.58	2.5K
$79.00	Sep 28	0.51	0.56	$0.54	9.3%	4.0K	0.96	8.3K
$77.00	Sep 30	0.06	0.07	$0.07	14.3%	11.5K	0.11	2.9K
$78.00	Sep 30	0.24	0.25	$0.25	4.0%	14.9K	0.33	5.8K
$76.00	Oct 2	0.07	0.08	$0.08	12.5%	1.4K	0.09	2.4K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 251 found (avg delta 0.88, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$67.00	Sep 28	11.40	11.55	$11.48	1.3%	8	1.00	--
$68.00	Sep 28	10.40	10.50	$10.45	1.0%	11	1.00	--
$69.00	Sep 28	9.40	9.55	$9.48	1.6%	23	1.00	--
$70.00	Sep 28	8.40	8.55	$8.48	1.8%	22	1.00	--
$71.00	Sep 28	7.40	7.50	$7.45	1.3%	13	1.00	--

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$93.00	Sep 28	14.45	14.60	$14.52	1.0%	8	1.00	--
$94.00	Sep 28	15.45	15.60	$15.52	1.0%	4	1.00	--
$89.00	Sep 28	10.45	10.60	$10.52	1.4%	7	1.00	--
$90.00	Sep 28	11.45	11.60	$11.52	1.3%	12	1.00	--
$91.00	Sep 28	12.45	12.60	$12.52	1.2%	16	1.00	--

Most actively traded options today. High liquidity = easy entry/exit. 489 active (total vol 745.7K, top 47.3K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$79.00	Sep 30	0.23	0.24	$0.24	4.2%	46.5K	0.32	7.6K
$79.00	Sep 28	0.00	0.01	$0.01	100.0%	35.2K	0.04	7.7K
$78.00	Sep 30	0.72	0.74	$0.73	2.7%	28.0K	0.67	527
$78.50	Sep 28	0.04	0.06	$0.05	40.0%	26.2K	0.42	816
$80.00	Sep 30	0.06	0.07	$0.07	14.3%	25.7K	0.11	21.1K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$79.00	Oct 16	1.44	1.46	$1.45	1.4%	47.3K	0.61	98.7K
$77.00	Oct 16	0.59	0.61	$0.60	3.3%	47.1K	0.33	49.2K
$78.50	Sep 28	0.08	0.09	$0.09	11.1%	15.7K	0.58	2.5K
$78.00	Sep 30	0.24	0.25	$0.25	4.0%	14.9K	0.33	5.8K
$78.00	Sep 28	0.00	0.01	$0.01	100.0%	13.6K	0.04	5.1K

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 19.3%, max 19.3%)

CALLS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$78.50	Sep 28	Nov 6	20.3%	17.0%	19.3%	26.4K	919

PUTS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$78.50	Sep 28	Nov 6	20.3%	17.0%	19.3%	16.2K	3.2K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 105 found (best R:R 1.78, avg 2.30)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$82.00	$83.00	Oct 30	$0.10	$0.90	$0.10	15%	9.00	$82.10
$77.50	$78.00	Oct 7	$0.32	$0.18	$0.32	69%	0.56	$77.82
$78.00	$79.00	Sep 30	$0.49	$0.51	$0.49	67%	1.04	$78.49
$80.00	$80.50	Oct 16	$0.11	$0.39	$0.11	26%	3.55	$80.11
$78.50	$79.00	Oct 5	$0.19	$0.31	$0.19	45%	1.63	$78.69

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$78.00	$77.00	Oct 30	$0.36	$0.64	$0.36	47%	1.78	$77.64
$77.50	$77.00	Nov 6	$0.17	$0.33	$0.17	44%	1.94	$77.33
$79.00	$78.00	Oct 12	$0.52	$0.48	$0.52	63%	0.92	$78.48
$79.00	$78.00	Oct 30	$0.49	$0.51	$0.49	58%	1.04	$78.51
$78.50	$78.00	Oct 23	$0.22	$0.28	$0.22	53%	1.27	$78.28

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 66 found (best R:R 0.09, avg 0.44)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$80.00	$81.00	Oct 30	$0.29	$0.29	$0.71	68%	0.41	$80.29
$79.00	$80.00	Oct 12	$0.29	$0.29	$0.71	63%	0.41	$79.29
$79.00	$80.00	Oct 30	$0.39	$0.39	$0.61	57%	0.64	$79.39
$78.50	$79.00	Nov 6	$0.25	$0.25	$0.25	53%	1.00	$78.75
$79.50	$80.00	Oct 23	$0.18	$0.18	$0.32	65%	0.56	$79.68

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$74.50	$70.00	Nov 6	$0.36	$0.36	$4.14	81%	0.09	$74.14
$75.00	$70.00	Oct 30	$0.32	$0.32	$4.68	81%	0.07	$74.68
$78.00	$77.00	Sep 30	$0.18	$0.18	$0.82	67%	0.22	$77.82
$78.00	$77.50	Oct 2	$0.19	$0.19	$0.31	56%	0.61	$77.81
$76.00	$75.00	Oct 12	$0.12	$0.12	$0.88	82%	0.14	$75.88

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $0.58, cheapest $0.47)

CALLS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$78.50	Sep 28	Oct 2	$0.47	20.3%	19.4%

PUTS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$78.50	Sep 28	Oct 2	$0.69	20.3%	19.4%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 197 found (cheapest 0.18% of stock, avg 4.74%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$78.50	Sep 28	$0.05	$0.09	$0.14	$78.36	$78.64	0.18%
$78.00	Sep 28	$0.46	$0.01	$0.47	$77.53	$78.47	0.60%
$79.00	Sep 28	$0.01	$0.54	$0.55	$78.45	$79.55	0.70%
$77.50	Sep 28	$0.95	$0.01	$0.96	$76.54	$78.46	1.22%
$78.00	Sep 30	$0.73	$0.25	$0.98	$77.02	$78.98	1.25%
$79.00	Sep 30	$0.24	$0.75	$0.99	$78.01	$79.99	1.26%
$79.50	Sep 28	$0.01	$1.06	$1.07	$78.43	$80.57	1.36%
$78.50	Oct 2	$0.52	$0.78	$1.30	$77.20	$79.80	1.66%
$78.00	Oct 2	$0.79	$0.52	$1.31	$76.69	$79.31	1.67%
$78.50	Oct 5	$0.56	$0.83	$1.39	$77.11	$79.89	1.77%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 219 found (cheapest 0.18% of stock, avg 1.34%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$80.00	$77.00	Sep 30	$0.07	$0.07	$0.14	$76.86	$80.14
$82.00	$74.00	Oct 12	$0.07	$0.08	$0.15	$73.85	$82.15
$80.50	$76.00	Oct 2	$0.07	$0.08	$0.15	$75.85	$80.65
$80.50	$76.00	Oct 5	$0.08	$0.11	$0.19	$75.81	$80.69
$82.00	$75.00	Oct 12	$0.07	$0.13	$0.20	$74.80	$82.20
$80.00	$76.00	Oct 2	$0.12	$0.08	$0.20	$75.80	$80.20
$80.50	$76.50	Oct 2	$0.07	$0.13	$0.20	$76.30	$80.70
$81.00	$74.00	Oct 12	$0.13	$0.08	$0.21	$73.79	$81.21
$80.00	$76.00	Oct 5	$0.13	$0.11	$0.24	$75.76	$80.24
$80.00	$76.50	Oct 2	$0.12	$0.13	$0.25	$76.25	$80.25

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 40 found (best R:R 1.50, avg credit $0.31)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
76/76	80/80	Oct 23	$0.30	$0.20	36%	1.50	$76.20	$79.80
75/76	80/81	Nov 6	$0.25	$0.25	46%	1.00	$75.25	$80.75
76/76	80/81	Nov 6	$0.27	$0.23	42%	1.17	$75.73	$80.77
75/76	80/80	Nov 6	$0.27	$0.23	42%	1.17	$75.23	$80.27
76/76	80/80	Nov 6	$0.29	$0.21	38%	1.38	$75.71	$80.29
75/76	81/82	Nov 6	$0.22	$0.28	50%	0.79	$75.28	$81.22
76/76	81/82	Nov 6	$0.24	$0.26	46%	0.92	$75.76	$81.24
76/76	80/81	Nov 6	$0.28	$0.22	38%	1.27	$76.22	$80.78
76/76	80/81	Oct 23	$0.23	$0.27	47%	0.85	$76.27	$80.73
76/76	80/80	Nov 6	$0.30	$0.20	33%	1.50	$76.20	$80.30

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 81 found (best R:R 5.25, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$77.50	$78.00	$78.50	Sep 28	$0.08	$0.42	58%	5.25
$77.00	$78.00	$79.00	Sep 30	$0.32	$0.68	56%	2.12
$78.00	$79.00	$80.00	Sep 30	$0.32	$0.68	56%	2.12
$79.00	$80.00	$81.00	Sep 30	$0.12	$0.88	29%	7.33
$76.00	$77.00	$78.00	Oct 30	$0.08	$0.92	22%	11.50

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$77.50	$78.00	$78.50	Sep 28	$0.08	$0.42	56%	5.25
$77.00	$78.00	$79.00	Sep 30	$0.32	$0.68	57%	2.12
$79.00	$80.00	$81.00	Sep 30	$0.12	$0.88	29%	7.33
$78.50	$79.00	$79.50	Sep 28	$0.07	$0.43	39%	6.14
$76.00	$77.00	$78.00	Sep 30	$0.13	$0.87	30%	6.69

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 150 found (best net $-0.46, 131 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$70.00	$74.00	1:2	Sep 30	-$0.46	$3.54
$70.00	$73.50	1:2	Oct 16	-$1.52	$1.98
$65.00	$70.00	1:2	Sep 30	-$3.48	$1.52
$65.00	$70.00	1:2	Oct 2	-$3.48	$1.52
$74.00	$76.00	1:2	Oct 5	-$0.53	$1.47

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$81.00	$80.00	1:2	Sep 30	-$0.63	$0.37
$79.00	$78.00	1:2	Oct 12	-$0.28	$0.72
$78.00	$77.00	1:2	Oct 12	-$0.12	$0.88
$80.00	$79.00	1:2	Oct 12	-$0.60	$0.40
$75.00	$74.00	1:2	Oct 9	$0.00	$1.00

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 71 found (best yield 1.87%, avg 0.48%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$78.50	Nov 6	$1.47	0.47	0.0%	1.87%	1.91%	171	103
$79.00	Nov 6	$1.23	0.42	0.7%	1.57%	2.24%	346	38
$79.50	Nov 6	$1.01	0.37	1.3%	1.29%	2.60%	1.4K	543
$79.00	Oct 30	$1.13	0.43	0.7%	1.44%	2.12%	1.8K	2.8K
$80.00	Nov 6	$0.82	0.32	1.9%	1.04%	2.99%	2.5K	552
$80.50	Nov 6	$0.66	0.28	2.6%	0.84%	3.43%	466	59
$80.00	Oct 30	$0.73	0.32	1.9%	0.93%	2.88%	6.7K	7.6K
$78.50	Oct 23	$1.17	0.47	0.0%	1.49%	1.53%	1.7K	1.0K
$79.00	Oct 23	$0.93	0.41	0.7%	1.19%	1.86%	782	1.1K
$81.00	Nov 6	$0.52	0.23	3.2%	0.66%	3.89%	194	530

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 461,284

Total Puts 291,594

Put/Call Ratio 0.63

Net Difference 169,690

Prior's Put/Call Breakdown

Total Calls 680,665

Total Puts 301,958

Put/Call Ratio 0.44

Net Difference 378,707

Prior 7-Day Put/Call Summary

Total Calls 2,609,999

Total Puts 1,402,308

Average Put/Call Ratio 0.53

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

🤖 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

Earnings - Day Before / Day After

Options Activity Around Earnings

Chart Title

Price — Past 7 Days

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