TLT - Options Database

TLT

iShares 20+ Year Treasury Bond ETF

$81.56 +0.26%

(8/18 11:00) ◀

Tuesday, August 18, 2026 (12:00pm)

▶ (8/18 13:00)

◀ 8/18 12:00 ▶

Option Volume

Detail

ℹ

Current (08/18 12:00pm) 291,534

Calls: 128,526 (44%)

Puts: 163,008 (56%)

Prior (08/14) 240,226

Calls: 87,350 (36%)

Puts: 152,876 (64%)

Current vs Prior +21.36%

Calls: +47.14% (Calls)

Puts: +6.63% (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 -35.38%

Calls: -50.00%

Puts: -16.00%

Sentiment BEARISH

Dollar Volume

Detail

ℹ

Current (08/18 12:00pm) $14.73M

Calls: $6.73M (46%)

Puts: $7.99M (54%)

Prior (08/14) $19.55M

Calls: $4.11M (21%)

Puts: $15.44M (79%)

Current vs Prior -24.67%

Calls: +63.70%

Puts: -48.22%

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 -78.87%

Calls: -87.95%

Puts: -42.05%

Sentiment BEARISH

Put/Call Ratio

Detail

ℹ

Current (08/18 12:00pm) 1.27

Prior (08/14) 1.75

Current vs Prior -27.53%

Prior 7-Day Average 0.78

Current vs Prior 7-Day Avg +61.65%

Sentiment BEARISH

Open Interest

Detail

ℹ

Current (08/18 12:00pm) 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 0.91% | 1.19%1.19% | 1.74%0.91% | 3.21%

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

Current vs Prior -15.10% | -13.55%-13.56% | -9.14%+47.72% | -5.59%

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

Current vs 7-Day Avg -4.98% | -1.61%+16.22% | +7.97%-20.27% | -6.73%

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

Current vs 7-Day Eod -15.10% | -13.55%-12.84% | -9.21%+47.62% | -5.66%

Sentiment BULLISHBULLISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 6.08% | 2.12%

Calls: 4.17% | 2.50%

Puts: 8.00% | 1.75%

Prior 3.37% | 1.87%

Calls: 3.70% | 1.47%

Puts: 3.03% | 2.27%

Current vs Prior +80.42% | +13.37%

Prior 7-Day Avg 5.55% | 3.24%

Calls: 5.33% | 2.93%

Puts: 5.77% | 3.55%

Current vs 7-Day Avg +9.58% | -34.65%

Liquidity Good

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🤖 AI Insights

Bearish P/C ratio of 1.27 indicates protective positioning. P/C ratio dropping 28% - sentiment shifting bullish.

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 BEARISH

7-Day Avg NEUTRAL

Current BEARISH

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
12:00	BEARISH	BEARISH	BEARISH
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 354 of results (avg 2.8%, best 0.5%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$80.00	Sep 30	2.21	2.22	$2.22	0.5%	80	0.70	834
$81.00	Sep 25	1.45	1.46	$1.46	0.7%	43	0.56	151
$68.00	Aug 19	13.50	13.60	$13.55	0.7%	11	1.00	--
$69.00	Aug 19	12.50	12.60	$12.55	0.8%	26	1.00	--
$81.50	Sep 25	1.16	1.17	$1.17	0.9%	246	0.48	198

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.00	Sep 18	1.29	1.30	$1.30	0.8%	716	0.60	166.3K
$92.00	Sep 4	10.60	10.70	$10.65	0.9%	--	0.99	47
$92.00	Aug 21	10.40	10.50	$10.45	1.0%	--	1.00	20
$97.00	Sep 18	15.55	15.70	$15.63	1.0%	--	0.99	298
$97.00	Sep 30	15.55	15.70	$15.63	1.0%	--	0.99	72

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 169 found (avg $0.33, cheapest $0.06)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.00	Aug 19	0.05	0.06	$0.06	16.7%	5.5K	0.19	5.0K
$81.50	Aug 19	0.23	0.24	$0.24	4.2%	3.4K	0.54	1.8K
$82.50	Aug 21	0.05	0.06	$0.06	16.7%	1.2K	0.13	48.7K
$82.50	Aug 24	0.08	0.09	$0.09	11.1%	179	0.17	668
$82.00	Aug 21	0.16	0.17	$0.17	5.9%	4.9K	0.31	26.3K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$81.50	Aug 19	0.17	0.18	$0.18	5.6%	3.5K	0.46	3.1K
$80.50	Aug 21	0.06	0.07	$0.07	14.3%	1.4K	0.13	2.7K
$81.00	Aug 21	0.14	0.15	$0.15	6.7%	1.3K	0.26	72.7K
$82.00	Aug 19	0.48	0.52	$0.50	8.0%	341	0.81	2.2K
$80.00	Aug 24	0.05	0.06	$0.06	16.7%	201	0.10	3.8K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 243 found (avg delta 0.87, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$68.00	Aug 19	13.50	13.60	$13.55	0.7%	11	1.00	--
$69.00	Aug 19	12.50	12.60	$12.55	0.8%	26	1.00	--
$70.00	Aug 19	11.50	11.60	$11.55	0.9%	202	1.00	1
$71.00	Aug 19	10.50	10.60	$10.55	0.9%	220	1.00	1
$72.00	Aug 19	9.50	9.60	$9.55	1.0%	61	1.00	--

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$84.00	Aug 21	2.43	2.47	$2.45	1.6%	342	1.00	17.0K
$85.00	Aug 21	3.40	3.50	$3.45	2.9%	32	1.00	12.4K
$86.00	Aug 21	4.40	4.50	$4.45	2.2%	--	1.00	1.1K
$87.00	Aug 21	5.40	5.50	$5.45	1.8%	--	1.00	18
$88.00	Aug 21	6.40	6.50	$6.45	1.6%	--	1.00	1.0K

Most actively traded options today. High liquidity = easy entry/exit. 414 active (total vol 291.2K, top 57.1K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$83.00	Sep 18	0.40	0.41	$0.41	2.4%	30.2K	0.26	51.9K
$83.00	Aug 31	0.14	0.15	$0.15	6.7%	10.4K	0.18	16.0K
$86.50	Sep 11	0.03	0.04	$0.04	25.0%	7.2K	0.03	385
$86.00	Sep 4	0.02	0.03	$0.03	33.3%	6.9K	0.03	1.4K
$82.00	Aug 19	0.05	0.06	$0.06	16.7%	5.5K	0.19	5.0K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$81.00	Sep 18	0.80	0.82	$0.81	2.5%	57.1K	0.45	152.5K
$77.00	Sep 18	0.10	0.11	$0.11	9.1%	50.1K	0.07	64.7K
$80.50	Aug 19	0.01	0.02	$0.02	50.0%	10.7K	0.05	17.8K
$80.00	Sep 18	0.48	0.50	$0.49	4.1%	7.6K	0.30	52.5K
$81.50	Aug 19	0.17	0.18	$0.18	5.6%	3.5K	0.46	3.1K

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 20.1%, max 20.1%)

CALLS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$81.00	Aug 19	Oct 2	11.9%	9.9%	20.1%	2.1K	1.8K

PUTS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$81.00	Aug 19	Oct 2	11.9%	9.9%	20.1%	3.0K	4.8K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 100 found (best R:R 1.13, avg 1.94)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$83.50	$84.00	Oct 2	$0.11	$0.39	$0.11	24%	3.55	$83.61
$82.50	$83.00	Aug 28	$0.10	$0.40	$0.10	26%	4.00	$82.60
$81.00	$81.50	Aug 31	$0.31	$0.19	$0.31	65%	0.61	$81.31
$82.50	$83.00	Sep 4	$0.12	$0.38	$0.12	28%	3.17	$82.62
$80.50	$81.00	Sep 25	$0.32	$0.18	$0.32	64%	0.56	$80.82

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$82.00	$81.00	Sep 30	$0.47	$0.53	$0.47	58%	1.13	$81.53
$83.00	$82.00	Sep 18	$0.65	$0.35	$0.65	74%	0.54	$82.35
$81.00	$80.00	Sep 30	$0.33	$0.67	$0.33	46%	2.03	$80.67
$82.00	$81.00	Sep 18	$0.49	$0.51	$0.49	60%	1.04	$81.51
$81.50	$81.00	Sep 25	$0.21	$0.29	$0.21	53%	1.38	$81.29

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 57 found (best R:R 0.43, avg 0.44)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$82.00	$83.00	Sep 2	$0.30	$0.30	$0.70	63%	0.43	$82.30
$82.00	$83.00	Sep 18	$0.37	$0.37	$0.63	60%	0.59	$82.37
$82.00	$83.00	Sep 30	$0.40	$0.40	$0.60	58%	0.67	$82.40
$83.00	$84.00	Sep 30	$0.26	$0.26	$0.74	70%	0.35	$83.26
$82.00	$82.50	Sep 4	$0.19	$0.19	$0.31	62%	0.61	$82.19

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$81.00	$79.00	Sep 2	$0.40	$0.40	$1.60	58%	0.25	$80.60
$81.50	$81.00	Aug 19	$0.13	$0.13	$0.37	54%	0.35	$81.37
$81.00	$80.50	Aug 31	$0.13	$0.13	$0.37	65%	0.35	$80.87
$80.50	$80.00	Sep 25	$0.16	$0.16	$0.34	62%	0.47	$80.34
$80.50	$80.00	Sep 11	$0.14	$0.14	$0.36	64%	0.39	$80.36

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	10.8%	10.9%

PUTS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$81.50	Aug 19	Aug 21	$0.12	10.8%	10.9%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 201 found (cheapest 0.51% of stock, avg 4.02%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$81.50	Aug 19	$0.24	$0.18	$0.42	$81.08	$81.92	0.51%
$82.00	Aug 19	$0.06	$0.50	$0.56	$81.44	$82.56	0.69%
$81.00	Aug 19	$0.61	$0.05	$0.66	$80.34	$81.66	0.81%
$81.50	Aug 21	$0.40	$0.30	$0.70	$80.80	$82.20	0.86%
$82.00	Aug 21	$0.17	$0.57	$0.74	$81.26	$82.74	0.91%
$81.50	Aug 24	$0.46	$0.35	$0.81	$80.69	$82.31	0.99%
$82.00	Aug 24	$0.22	$0.62	$0.84	$81.16	$82.84	1.03%
$81.00	Aug 21	$0.74	$0.15	$0.89	$80.11	$81.89	1.09%
$81.50	Aug 26	$0.55	$0.42	$0.97	$80.53	$82.47	1.19%
$82.00	Aug 26	$0.30	$0.68	$0.98	$81.02	$82.98	1.20%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 255 found (cheapest 0.05% of stock, avg 0.94%)

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
$82.50	$81.00	Aug 19	$0.02	$0.05	$0.07	$80.93	$82.57
$83.50	$79.00	Aug 26	$0.04	$0.04	$0.08	$78.92	$83.58
$82.00	$80.50	Aug 19	$0.06	$0.02	$0.08	$80.42	$82.08
$83.00	$80.00	Aug 24	$0.04	$0.06	$0.10	$79.90	$83.10
$82.50	$80.00	Aug 21	$0.06	$0.04	$0.10	$79.90	$82.60
$82.00	$81.00	Aug 19	$0.06	$0.05	$0.11	$80.89	$82.11
$83.00	$79.00	Aug 26	$0.07	$0.04	$0.11	$78.89	$83.11
$84.00	$78.00	Sep 2	$0.06	$0.06	$0.12	$77.88	$84.12
$82.50	$80.50	Aug 21	$0.06	$0.07	$0.13	$80.37	$82.63

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 13 found (best R:R 1.08, avg credit $0.31)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
79/80	83/84	Oct 2	$0.26	$0.24	41%	1.08	$79.24	$83.26
80/80	82/83	Sep 25	$0.29	$0.21	34%	1.38	$79.71	$82.79
80/80	82/83	Sep 11	$0.25	$0.25	41%	1.00	$79.75	$82.75
79/80	84/84	Oct 2	$0.22	$0.28	46%	0.79	$79.28	$83.72
80/80	83/84	Sep 25	$0.25	$0.25	40%	1.00	$79.75	$83.25
80/80	82/83	Sep 4	$0.24	$0.26	39%	0.92	$80.26	$82.74
80/81	82/83	Aug 28	$0.21	$0.29	40%	0.72	$80.79	$82.71
78/79	83/84	Sep 30	$0.40	$0.60	48%	0.67	$78.60	$83.40
78/79	84/85	Sep 30	$0.29	$0.71	58%	0.41	$78.71	$84.29
78/79	83/84	Sep 18	$0.32	$0.68	54%	0.47	$78.68	$83.32

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 105 found (best R:R 8.09, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$79.00	$80.00	$81.00	Sep 2	$0.11	$0.89	39%	8.09
$80.00	$81.00	$82.00	Sep 2	$0.21	$0.79	47%	3.76
$78.00	$79.00	$80.00	Sep 30	$0.05	$0.95	21%	19.00
$79.00	$80.00	$81.00	Sep 18	$0.12	$0.88	30%	7.33
$79.00	$80.00	$81.00	Sep 30	$0.11	$0.89	27%	8.09

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$81.00	$81.50	$82.00	Aug 19	$0.19	$0.31	65%	1.63
$78.00	$79.00	$80.00	Sep 18	$0.07	$0.93	18%	13.29
$80.50	$81.00	$81.50	Aug 21	$0.07	$0.43	33%	6.14
$83.00	$84.00	$85.00	Sep 30	$0.07	$0.93	18%	13.29
$80.50	$81.00	$81.50	Aug 19	$0.10	$0.40	40%	4.00

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 164 found (best net $-1.65, 151 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$70.00	$75.00	1:2	Aug 28	-$1.65	$3.35
$70.00	$75.00	1:2	Sep 11	-$1.68	$3.32
$75.00	$78.00	1:2	Aug 24	-$0.60	$2.40
$71.00	$75.00	1:2	Sep 18	-$2.68	$1.32
$79.00	$80.00	1:2	Aug 19	-$0.56	$0.44

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$87.00	$84.00	1:2	Oct 2	-$0.27	$2.73
$84.00	$83.00	1:2	Aug 19	-$0.45	$0.55
$83.00	$82.00	1:2	Sep 2	-$0.26	$0.74
$84.00	$83.00	1:2	Aug 31	-$0.59	$0.41
$82.50	$82.00	1:2	Aug 21	-$0.15	$0.35

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 60 found (best yield 1.21%, avg 0.36%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$82.00	Sep 30	$0.99	0.42	0.5%	1.21%	1.75%	2.1K	10.0K
$82.00	Oct 2	$0.99	0.41	0.5%	1.21%	1.75%	62	343
$82.50	Oct 2	$0.78	0.35	1.1%	0.96%	2.11%	5	66
$82.00	Sep 25	$0.90	0.42	0.5%	1.10%	1.64%	492	443
$83.00	Oct 2	$0.60	0.30	1.8%	0.74%	2.50%	21	1.2K
$82.50	Sep 25	$0.69	0.35	1.1%	0.85%	2.00%	2.8K	1.2K
$83.00	Sep 30	$0.59	0.30	1.8%	0.72%	2.49%	86	8.9K
$82.00	Sep 18	$0.77	0.40	0.5%	0.94%	1.48%	4.8K	76.9K
$83.00	Sep 25	$0.51	0.29	1.8%	0.63%	2.39%	544	562
$83.50	Oct 2	$0.45	0.24	2.4%	0.55%	2.93%	33	62

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 128,526

Total Puts 163,008

Put/Call Ratio 1.27

Net Difference -34,482

Prior's Put/Call Breakdown

Total Calls 87,350

Total Puts 152,876

Put/Call Ratio 1.75

Net Difference -65,526

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
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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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