TLT - Options Database

TLT

iShares 20+ Year Treasury Bond ETF

$81.50 +0.18%

(8/18 10:00) ◀

Tuesday, August 18, 2026 (11:00am)

▶ (8/18 12:00)

◀ 8/18 11:00 ▶

Option Volume

Detail

ℹ

Current (08/18 11:00am) 156,559

Calls: 110,252 (70%)

Puts: 46,307 (30%)

Prior (08/14) 143,426

Calls: 51,823 (36%)

Puts: 91,603 (64%)

Current vs Prior +9.16%

Calls: +112.75% (Calls)

Puts: -49.45% (Puts)

Prior 7-Day Total 3,157,862

Calls: 1,799,450 (57%)

Puts: 1,358,412 (43%)

Prior 7-Day Average 451,123

Calls: 257,064 (57%)

Puts: 194,058 (43%)

Current vs Prior 7-Day Avg -65.30%

Calls: -57.11%

Puts: -76.14%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (08/18 11:00am) $7.87M

Calls: $5.42M (69%)

Puts: $2.45M (31%)

Prior (08/14) $10.65M

Calls: $2.79M (26%)

Puts: $7.87M (74%)

Current vs Prior -26.15%

Calls: +94.36%

Puts: -68.87%

Prior 7-Day Total $487.84M

Calls: $391.29M (80%)

Puts: $96.55M (20%)

Prior 7-Day Average $69.69M

Calls: $55.90M (80%)

Puts: $13.79M (20%)

Current vs Prior 7-Day Avg -88.71%

Calls: -90.30%

Puts: -82.25%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (08/18 11:00am) 0.42

Prior (08/14) 1.77

Current vs Prior -76.24%

Prior 7-Day Average 0.78

Current vs Prior 7-Day Avg -46.47%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (08/18 11:00am) 3,447,572

Calls: 1,907,757 (55%)

Puts: 1,539,815 (45%)

Prior (08/14) 3,241,269

Calls: 1,792,947 (55%)

Puts: 1,448,322 (45%)

Current vs Prior +6.36%

Prior 7-Day Total 22,924,234

Calls: 12,423,668 (54%)

Puts: 10,500,566 (46%)

Prior 7-Day Average 3,274,890

Calls: 1,774,809 (54%)

Puts: 1,500,080 (46%)

Current vs Prior 7-Day Avg +5.27%

Sentiment BEARISH

Expected Move

Detail

ℹ

3DTEWKMO Expiry (08/19) | Next (08/21)Expiry (08/21) | Next (08/28)Expiry (08/19) | Next (09/18)

Current 0.54% | 0.88%0.88% | 1.45%0.54% | 3.25%

Prior 1.07% | 1.38%1.38% | 1.92%0.61% | 3.40%

Current vs Prior -49.48% | -35.79%-35.79% | -24.44%-12.10% | -4.44%

Prior 7-Day Avg 0.95% | 1.21%1.02% | 1.61%1.14% | 3.44%

Current vs 7-Day Avg -43.46% | -26.92%-13.67% | -10.21%-52.55% | -5.60%

Prior 7-Day Eod 1.07% | 1.38%1.36% | 1.92%0.61% | 3.40%

Current vs 7-Day Eod -49.48% | -35.79%-35.26% | -24.49%-12.15% | -4.51%

Sentiment BULLISHBULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 4.55% | 2.79%

Calls: 4.55% | 2.63%

Puts: 4.55% | 2.94%

Prior 3.37% | 1.87%

Calls: 3.70% | 1.47%

Puts: 3.03% | 2.27%

Current vs Prior +35.01% | +49.20%

Prior 7-Day Avg 5.55% | 3.24%

Calls: 5.33% | 2.93%

Puts: 5.77% | 3.55%

Current vs 7-Day Avg -18.00% | -14.00%

Liquidity Good

Add Card

🤖 AI Insights

Moderately bullish flow with 69% call dollar volume ($5.42M). Extreme bullish P/C ratio of 0.42 - heavy call buying (110,252 calls vs 46,307 puts). P/C ratio dropping 76% - sentiment shifting bullish.

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 BEARISH

7-Day Avg NEUTRAL

Current BULLISH

Prior BEARISH

7-Day Avg NEUTRAL

Current BULLISH

Prior BULLISH

7-Day Avg NEUTRAL

Current NEUTRAL

Prior BULLISH

7-Day Avg BULLISH

Sentiment Timeline (Today)

Time	Smart Money	Retail	Overall
11:00	BULLISH	BULLISH	BULLISH
10:00	BULLISH	BULLISH	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 341 of results (avg 3.3%, best 0.7%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$68.00	Aug 19	13.45	13.55	$13.50	0.7%	4	1.00	--
$69.00	Aug 19	12.45	12.55	$12.50	0.8%	19	1.00	--
$80.00	Sep 30	2.18	2.20	$2.19	0.9%	80	0.69	834
$80.00	Sep 25	2.10	2.12	$2.11	0.9%	3	0.70	162
$71.00	Aug 19	10.45	10.55	$10.50	1.0%	94	1.00	1

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.00	Sep 2	1.07	1.08	$1.08	0.9%	93	0.64	--
$92.00	Sep 4	10.65	10.75	$10.70	0.9%	--	0.99	47
$97.00	Sep 30	15.60	15.75	$15.68	1.0%	--	0.99	72
$82.50	Sep 25	1.71	1.73	$1.72	1.2%	1	0.66	518
$82.50	Sep 11	1.56	1.58	$1.57	1.3%	26	0.70	453

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 168 found (avg $0.34, cheapest $0.07)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$81.50	Aug 19	0.21	0.22	$0.22	4.5%	2.5K	0.49	1.8K
$82.50	Aug 21	0.05	0.06	$0.06	16.7%	1.0K	0.13	48.7K
$82.50	Aug 24	0.08	0.09	$0.09	11.1%	177	0.16	668
$82.00	Aug 21	0.15	0.16	$0.16	6.3%	4.5K	0.28	26.3K
$83.00	Aug 26	0.06	0.07	$0.07	14.3%	191	0.11	3.4K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$81.00	Aug 19	0.06	0.07	$0.07	14.3%	2.5K	0.20	4.7K
$81.50	Aug 19	0.21	0.22	$0.22	4.5%	3.0K	0.51	3.1K
$80.50	Aug 21	0.08	0.09	$0.09	11.1%	163	0.16	2.7K
$81.00	Aug 21	0.17	0.18	$0.18	5.6%	1.1K	0.30	72.7K
$80.00	Aug 24	0.06	0.07	$0.07	14.3%	201	0.11	3.8K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 233 found (avg delta 0.87, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$75.00	Aug 24	6.50	6.60	$6.55	1.5%	286	1.00	32
$78.00	Aug 24	3.45	3.60	$3.53	4.2%	--	1.00	20
$77.00	Aug 26	4.50	4.65	$4.58	3.3%	2	1.00	1
$78.00	Sep 2	3.55	3.70	$3.63	4.1%	2	1.00	--
$76.00	Sep 4	5.55	5.65	$5.60	1.8%	--	1.00	20

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$83.00	Aug 19	1.47	1.57	$1.52	6.6%	40	1.00	--
$84.00	Aug 19	2.46	2.57	$2.51	4.4%	3	1.00	--
$84.00	Aug 21	2.47	2.57	$2.52	4.0%	338	1.00	17.0K
$85.00	Aug 21	3.45	3.55	$3.50	2.9%	32	1.00	12.4K
$86.00	Aug 21	4.45	4.55	$4.50	2.2%	--	1.00	1.1K

Most actively traded options today. High liquidity = easy entry/exit. 384 active (total vol 156.2K, top 25.6K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$83.00	Sep 18	0.39	0.40	$0.40	2.5%	25.6K	0.26	51.9K
$83.00	Aug 31	0.13	0.14	$0.14	7.1%	10.3K	0.17	16.0K
$86.50	Sep 11	0.03	0.04	$0.04	25.0%	7.1K	0.03	385
$86.00	Sep 4	0.02	0.04	$0.03	66.7%	6.9K	0.03	1.4K
$82.00	Aug 31	0.42	0.43	$0.43	2.3%	5.0K	0.38	504

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$80.50	Aug 19	0.01	0.02	$0.02	50.0%	9.9K	0.06	17.8K
$80.00	Sep 18	0.52	0.54	$0.53	3.8%	5.1K	0.32	52.5K
$81.00	Sep 18	0.85	0.87	$0.86	2.3%	5.1K	0.46	152.5K
$81.50	Aug 19	0.21	0.22	$0.22	4.5%	3.0K	0.51	3.1K
$81.00	Aug 19	0.06	0.07	$0.07	14.3%	2.5K	0.20	4.7K

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 24.3%, max 24.3%)

CALLS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$81.00	Aug 19	Oct 2	12.4%	10.0%	24.3%	2.1K	1.8K

PUTS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$81.00	Aug 19	Oct 2	12.4%	10.0%	24.3%	2.5K	4.8K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 102 found (best R:R 2.03, avg 1.86)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$81.00	$81.50	Aug 19	$0.33	$0.17	$0.33	80%	0.52	$81.33
$84.00	$85.00	Sep 30	$0.14	$0.86	$0.14	19%	6.14	$84.14
$83.50	$84.00	Oct 2	$0.11	$0.39	$0.11	24%	3.55	$83.61
$83.00	$83.50	Sep 25	$0.13	$0.37	$0.13	28%	2.85	$83.13
$81.00	$81.50	Aug 21	$0.33	$0.17	$0.33	70%	0.52	$81.33

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$81.00	$80.00	Sep 30	$0.33	$0.67	$0.33	47%	2.03	$80.67
$82.00	$81.00	Sep 30	$0.48	$0.52	$0.48	59%	1.08	$81.52
$82.00	$81.00	Sep 18	$0.49	$0.51	$0.49	61%	1.04	$81.51
$81.50	$81.00	Aug 31	$0.17	$0.33	$0.17	50%	1.94	$81.33
$83.00	$82.00	Sep 18	$0.66	$0.34	$0.66	74%	0.52	$82.34

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 48 found (best R:R 0.41, avg 0.41)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$82.00	$83.00	Sep 2	$0.29	$0.29	$0.71	64%	0.41	$82.29
$82.00	$83.00	Sep 18	$0.36	$0.36	$0.64	60%	0.56	$82.36
$82.00	$83.00	Sep 30	$0.39	$0.39	$0.61	59%	0.64	$82.39
$83.00	$84.00	Sep 30	$0.26	$0.26	$0.74	70%	0.35	$83.26
$82.00	$82.50	Sep 25	$0.22	$0.22	$0.28	59%	0.79	$82.22

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$81.00	$79.00	Sep 2	$0.43	$0.43	$1.57	58%	0.27	$80.57
$81.00	$80.50	Aug 24	$0.10	$0.10	$0.40	68%	0.25	$80.90
$81.00	$80.50	Aug 26	$0.12	$0.12	$0.38	66%	0.32	$80.88
$81.00	$80.50	Sep 4	$0.18	$0.18	$0.32	56%	0.56	$80.82
$79.00	$78.50	Oct 2	$0.10	$0.10	$0.40	74%	0.25	$78.90

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $0.14, cheapest $0.12)

CALLS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$81.50	Aug 19	Aug 21	$0.16	11.2%	11.2%

PUTS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$81.50	Aug 19	Aug 21	$0.12	11.2%	11.2%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 194 found (cheapest 0.54% of stock, avg 3.99%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$81.50	Aug 19	$0.22	$0.22	$0.44	$81.06	$81.94	0.54%
$82.00	Aug 19	$0.05	$0.55	$0.60	$81.40	$82.60	0.74%
$81.00	Aug 19	$0.55	$0.07	$0.62	$80.38	$81.62	0.76%
$81.50	Aug 21	$0.38	$0.34	$0.72	$80.78	$82.22	0.88%
$82.00	Aug 21	$0.16	$0.63	$0.79	$81.21	$82.79	0.97%
$81.50	Aug 24	$0.43	$0.39	$0.82	$80.68	$82.32	1.01%
$82.00	Aug 24	$0.21	$0.67	$0.88	$81.12	$82.88	1.08%
$81.00	Aug 21	$0.71	$0.18	$0.89	$80.11	$81.89	1.09%
$81.00	Aug 24	$0.76	$0.22	$0.98	$80.02	$81.98	1.20%
$81.50	Aug 26	$0.53	$0.47	$1.00	$80.50	$82.50	1.23%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 248 found (cheapest 0.05% of stock, avg 0.98%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$82.50	$80.50	Aug 19	$0.02	$0.02	$0.04	$80.46	$82.54
$82.00	$80.50	Aug 19	$0.05	$0.02	$0.07	$80.43	$82.07
$83.50	$79.00	Aug 26	$0.04	$0.05	$0.09	$78.91	$83.59
$82.50	$80.00	Aug 21	$0.06	$0.04	$0.10	$79.90	$82.60
$82.50	$81.00	Aug 19	$0.02	$0.07	$0.09	$80.91	$82.59
$83.00	$80.00	Aug 24	$0.04	$0.07	$0.11	$79.89	$83.11
$82.00	$81.00	Aug 19	$0.05	$0.07	$0.12	$80.88	$82.12
$83.00	$79.00	Aug 26	$0.07	$0.05	$0.12	$78.88	$83.12
$84.00	$79.00	Aug 31	$0.05	$0.08	$0.13	$78.87	$84.13
$84.00	$79.50	Aug 28	$0.04	$0.10	$0.14	$79.36	$84.14

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 18 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
78/79	83/84	Oct 2	$0.25	$0.25	45%	1.00	$78.75	$83.25
79/80	83/84	Oct 2	$0.27	$0.23	40%	1.17	$79.23	$83.27
78/79	82/83	Oct 2	$0.27	$0.23	40%	1.17	$78.73	$82.77
80/80	82/83	Sep 25	$0.30	$0.20	33%	1.50	$79.70	$82.80
79/80	82/83	Oct 2	$0.29	$0.21	35%	1.38	$79.21	$82.79
78/79	84/84	Oct 2	$0.21	$0.29	51%	0.72	$78.79	$83.71
79/80	84/84	Oct 2	$0.23	$0.27	46%	0.85	$79.27	$83.73
80/80	83/84	Sep 25	$0.26	$0.24	39%	1.08	$79.74	$83.26
80/80	82/83	Sep 11	$0.25	$0.25	41%	1.00	$79.75	$82.75
80/80	82/83	Sep 4	$0.25	$0.25	38%	1.00	$80.25	$82.75

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 106 found (best R:R 7.33, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$79.00	$80.00	$81.00	Sep 2	$0.12	$0.88	34%	7.33
$81.00	$81.50	$82.00	Aug 19	$0.16	$0.34	64%	2.12
$79.00	$80.00	$81.00	Sep 18	$0.12	$0.88	30%	7.33
$79.00	$80.00	$81.00	Sep 30	$0.10	$0.90	26%	9.00
$78.00	$79.00	$80.00	Sep 30	$0.07	$0.93	21%	13.29

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$79.00	$80.00	$81.00	Sep 30	$0.09	$0.91	24%	10.11
$81.00	$81.50	$82.00	Aug 19	$0.18	$0.32	64%	1.78
$80.50	$81.00	$81.50	Aug 19	$0.10	$0.40	45%	4.00
$80.50	$81.00	$81.50	Aug 21	$0.07	$0.43	34%	6.14
$79.00	$80.00	$81.00	Sep 18	$0.12	$0.88	26%	7.33

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 156 found (best net $-1.62, 144 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$70.00	$75.00	1:2	Aug 28	-$1.62	$3.38
$70.00	$75.00	1:2	Sep 11	-$1.66	$3.34
$75.00	$78.00	1:2	Aug 24	-$0.51	$2.49
$71.00	$75.00	1:2	Sep 18	-$2.66	$1.34
$79.00	$80.00	1:2	Aug 19	-$0.50	$0.50

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$83.00	$82.00	1:2	Aug 31	-$0.08	$0.92
$84.00	$83.00	1:2	Aug 19	-$0.53	$0.47
$83.00	$82.00	1:2	Sep 2	-$0.32	$0.68
$82.50	$82.00	1:2	Aug 19	-$0.08	$0.42
$84.00	$83.00	1:2	Aug 31	-$0.64	$0.36

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 69 found (best yield 1.50%, avg 0.42%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$81.50	Oct 2	$1.22	0.47	0.0%	1.50%	1.50%	14	112
$82.00	Sep 30	$0.97	0.41	0.6%	1.19%	1.80%	1.8K	10.0K
$82.00	Oct 2	$0.97	0.41	0.6%	1.19%	1.80%	52	343
$81.50	Sep 25	$1.14	0.47	0.0%	1.40%	1.40%	9	198
$82.50	Oct 2	$0.76	0.35	1.2%	0.93%	2.16%	5	66
$82.00	Sep 25	$0.89	0.41	0.6%	1.09%	1.71%	35	443
$82.50	Sep 25	$0.67	0.34	1.2%	0.82%	2.05%	2.8K	1.2K
$83.00	Sep 30	$0.58	0.29	1.8%	0.71%	2.55%	83	8.9K
$83.00	Oct 2	$0.58	0.29	1.8%	0.71%	2.55%	21	1.2K
$82.00	Sep 18	$0.75	0.40	0.6%	0.92%	1.53%	3.0K	76.9K

Current 5-Minute Volume Snapshots

Time (HH:MM)	Total Volume	Call Volume	Put Volume	Volume Change
Loading data...

Prior's 5-Minute Volume Snapshots

Time (HH:MM)	Total Volume	Call Volume	Put Volume	Volume Change
Loading data...

Current Put/Call Breakdown

Total Calls 110,252

Total Puts 46,307

Put/Call Ratio 0.42

Net Difference 63,945

Prior's Put/Call Breakdown

Total Calls 51,823

Total Puts 91,603

Put/Call Ratio 1.77

Net Difference -39,780

Prior 7-Day Put/Call Summary

Total Calls 1,799,450

Total Puts 1,358,412

Average Put/Call Ratio 0.78

Ratio Trend Falling

Daily Put/Call History (Last 7 Days)

Date	Calls	Puts	Ratio	Net Diff
Loading data...

Upcoming Earnings - 2 Weeks Prior

Loading earnings data...

Upcoming Earnings - 1 Week Prior

Loading earnings data...

Earnings This Week

Loading earnings data...

Earnings - Day Before / Day After

Loading earnings data...

Options Activity Around Earnings

Ticker	Earnings Date	Days Away	Call Volume	Put Volume	IV Rank
Loading data...

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

Add Card