TLT - Options Database

TLT

iShares 20+ Year Treasury Bond ETF

$81.64 +0.36%

(8/18 12:00) ◀

Tuesday, August 18, 2026 (1:00pm)

▶ (8/18 14:00)

◀ 8/18 13:00 ▶

Option Volume

Detail

ℹ

Current (08/18 1:00pm) 307,321

Calls: 138,704 (45%)

Puts: 168,617 (55%)

Prior (08/14) 310,628

Calls: 117,875 (38%)

Puts: 192,753 (62%)

Current vs Prior -1.06%

Calls: +17.67% (Calls)

Puts: -12.52% (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 -31.88%

Calls: -46.04%

Puts: -13.11%

Sentiment BEARISH

Dollar Volume

Detail

ℹ

Current (08/18 1:00pm) $15.53M

Calls: $7.50M (48%)

Puts: $8.02M (52%)

Prior (08/14) $23.61M

Calls: $6.13M (26%)

Puts: $17.48M (74%)

Current vs Prior -34.24%

Calls: +22.38%

Puts: -54.10%

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 -77.72%

Calls: -86.58%

Puts: -41.82%

Sentiment BEARISH

Put/Call Ratio

Detail

ℹ

Current (08/18 1:00pm) 1.22

Prior (08/14) 1.64

Current vs Prior -25.66%

Prior 7-Day Average 0.78

Current vs Prior 7-Day Avg +54.94%

Sentiment BEARISH

Open Interest

Detail

ℹ

Current (08/18 1:00pm) 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 0.87% | 1.16%1.16% | 1.70%0.87% | 3.18%

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

Current vs Prior -18.62% | -15.42%-15.42% | -11.15%+41.60% | -6.40%

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

Current vs 7-Day Avg -8.93% | -3.73%+13.71% | +5.59%-23.57% | -7.54%

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

Current vs 7-Day Eod -18.62% | -15.42%-14.72% | -11.21%+41.51% | -6.47%

Sentiment BULLISHBULLISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 5.29% | 2.12%

Calls: 3.45% | 2.27%

Puts: 7.14% | 1.96%

Prior 3.37% | 1.87%

Calls: 3.70% | 1.47%

Puts: 3.03% | 2.27%

Current vs Prior +56.97% | +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 -4.66% | -34.65%

Liquidity Good

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🤖 AI Insights

Bearish P/C ratio of 1.22 indicates protective positioning. P/C ratio dropping 26% - 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 NEUTRAL

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
13:00	BEARISH	BEARISH	BEARISH
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 359 of results (avg 2.9%, best 0.6%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$80.50	Sep 11	1.58	1.59	$1.59	0.6%	44	0.70	72
$81.00	Sep 25	1.49	1.50	$1.50	0.7%	43	0.58	151
$81.00	Sep 18	1.36	1.37	$1.37	0.7%	5.3K	0.58	4.3K
$70.00	Aug 21	11.65	11.75	$11.70	0.9%	5	1.00	162
$80.00	Oct 2	2.26	2.28	$2.27	0.9%	42	0.71	24

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$81.50	Oct 2	1.25	1.26	$1.25	0.8%	26	0.54	168
$83.00	Oct 2	2.14	2.16	$2.15	0.9%	6	0.69	69
$81.50	Sep 25	1.05	1.06	$1.06	0.9%	44	0.52	468
$97.00	Sep 18	15.45	15.60	$15.52	1.0%	--	0.99	298
$97.00	Sep 30	15.45	15.60	$15.52	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 $0.07)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.00	Aug 19	0.06	0.07	$0.07	14.3%	6.1K	0.23	5.0K
$82.50	Aug 21	0.06	0.07	$0.07	14.3%	1.4K	0.15	48.7K
$81.50	Aug 19	0.28	0.29	$0.29	3.4%	3.5K	0.61	1.8K
$82.50	Aug 24	0.09	0.10	$0.10	10.0%	181	0.18	668
$82.00	Aug 21	0.18	0.19	$0.19	5.3%	5.0K	0.34	26.3K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$81.50	Aug 19	0.13	0.14	$0.14	7.1%	3.6K	0.39	3.1K
$80.50	Aug 21	0.05	0.06	$0.06	16.7%	1.4K	0.12	2.7K
$81.00	Aug 21	0.11	0.12	$0.12	8.3%	1.4K	0.23	72.7K
$82.00	Aug 19	0.40	0.43	$0.42	7.1%	449	0.77	2.2K
$80.50	Aug 24	0.07	0.08	$0.08	12.5%	6	0.14	3.0K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 249 found (avg delta 0.88, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$68.00	Aug 19	13.55	13.75	$13.65	1.5%	12	1.00	--
$69.00	Aug 19	12.55	12.75	$12.65	1.6%	27	1.00	--
$70.00	Aug 19	11.55	11.75	$11.65	1.7%	209	1.00	1
$71.00	Aug 19	10.55	10.75	$10.65	1.9%	228	1.00	1
$72.00	Aug 19	9.55	9.75	$9.65	2.1%	64	1.00	--

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$84.00	Aug 21	2.33	2.39	$2.36	2.5%	353	1.00	17.0K
$85.00	Aug 21	3.30	3.40	$3.35	3.0%	44	1.00	12.4K
$86.00	Aug 21	4.30	4.40	$4.35	2.3%	75	1.00	1.1K
$87.00	Aug 21	5.30	5.40	$5.35	1.9%	--	1.00	18
$88.00	Aug 21	6.30	6.40	$6.35	1.6%	--	1.00	1.0K

Most actively traded options today. High liquidity = easy entry/exit. 446 active (total vol 306.8K, top 57.2K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$83.00	Sep 18	0.42	0.43	$0.43	2.3%	30.4K	0.27	51.9K
$83.00	Aug 31	0.15	0.16	$0.16	6.3%	10.4K	0.19	16.0K
$86.50	Sep 11	0.03	0.04	$0.04	25.0%	7.5K	0.03	385
$86.00	Sep 4	0.03	0.04	$0.04	25.0%	7.0K	0.04	1.4K
$82.00	Aug 19	0.06	0.07	$0.07	14.3%	6.1K	0.23	5.0K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$81.00	Sep 18	0.76	0.77	$0.77	1.3%	57.2K	0.44	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%	10.9K	0.05	17.8K
$80.00	Sep 18	0.45	0.46	$0.46	2.2%	7.8K	0.29	52.5K
$81.50	Aug 21	0.24	0.25	$0.25	4.0%	3.7K	0.43	20.4K

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 12.4%, max 12.4%)

CALLS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$81.50	Aug 19	Oct 2	10.7%	9.5%	12.4%	3.5K	2.0K

PUTS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$81.50	Aug 19	Oct 2	10.7%	9.5%	12.4%	3.6K	3.3K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 99 found (best R:R 1.17, avg 1.98)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$83.00	$84.00	Sep 2	$0.10	$0.90	$0.10	18%	9.00	$83.10
$83.50	$84.00	Sep 25	$0.11	$0.39	$0.11	24%	3.55	$83.61
$83.50	$84.00	Oct 2	$0.12	$0.38	$0.12	25%	3.17	$83.62
$83.00	$83.50	Sep 25	$0.14	$0.36	$0.14	30%	2.57	$83.14
$80.50	$81.00	Sep 25	$0.33	$0.17	$0.33	66%	0.52	$80.83

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$82.00	$81.00	Sep 18	$0.46	$0.54	$0.46	59%	1.17	$81.54
$82.00	$81.00	Sep 30	$0.46	$0.54	$0.46	57%	1.17	$81.54
$81.50	$81.00	Oct 2	$0.21	$0.29	$0.21	54%	1.38	$81.29
$80.00	$79.00	Sep 30	$0.20	$0.80	$0.20	31%	4.00	$79.80
$83.00	$82.00	Sep 18	$0.65	$0.35	$0.65	73%	0.54	$82.35

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 57 found (best R:R 0.47, avg 0.43)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$82.00	$83.00	Sep 2	$0.32	$0.32	$0.68	62%	0.47	$82.32
$82.00	$83.00	Sep 18	$0.38	$0.38	$0.62	58%	0.61	$82.38
$82.00	$83.00	Sep 30	$0.40	$0.40	$0.60	57%	0.67	$82.40
$83.00	$84.00	Sep 18	$0.22	$0.22	$0.78	73%	0.28	$83.22
$83.00	$84.00	Sep 30	$0.27	$0.27	$0.73	69%	0.37	$83.27

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$81.00	$79.00	Sep 2	$0.37	$0.37	$1.63	60%	0.23	$80.63
$81.50	$81.00	Aug 19	$0.10	$0.10	$0.40	61%	0.25	$81.40
$81.50	$81.00	Aug 21	$0.13	$0.13	$0.37	57%	0.35	$81.37
$81.00	$80.50	Aug 28	$0.11	$0.11	$0.39	68%	0.28	$80.89
$79.00	$78.00	Sep 18	$0.11	$0.11	$0.89	82%	0.12	$78.89

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $0.13, cheapest $0.11)

CALLS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$81.50	Aug 19	Aug 21	$0.15	10.7%	10.7%

PUTS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$81.50	Aug 19	Aug 21	$0.11	10.7%	10.7%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 205 found (cheapest 0.53% of stock, avg 4.02%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$81.50	Aug 19	$0.29	$0.14	$0.43	$81.07	$81.93	0.53%
$82.00	Aug 19	$0.07	$0.42	$0.49	$81.51	$82.49	0.60%
$81.50	Aug 21	$0.44	$0.25	$0.69	$80.81	$82.19	0.85%
$82.00	Aug 21	$0.19	$0.51	$0.70	$81.30	$82.70	0.86%
$81.00	Aug 19	$0.69	$0.04	$0.73	$80.27	$81.73	0.89%
$81.50	Aug 24	$0.49	$0.30	$0.79	$80.71	$82.29	0.97%
$82.00	Aug 24	$0.24	$0.55	$0.79	$81.21	$82.79	0.97%
$82.50	Aug 19	$0.02	$0.87	$0.89	$81.61	$83.39	1.09%
$81.00	Aug 21	$0.80	$0.12	$0.92	$80.08	$81.92	1.13%
$82.00	Aug 26	$0.32	$0.61	$0.93	$81.07	$82.93	1.14%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 255 found (cheapest 0.05% of stock, avg 0.92%)

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
$83.00	$80.00	Aug 21	$0.03	$0.03	$0.06	$79.94	$83.06
$82.50	$81.00	Aug 19	$0.02	$0.04	$0.06	$80.94	$82.56
$83.00	$80.00	Aug 24	$0.04	$0.05	$0.09	$79.91	$83.09
$83.00	$80.50	Aug 21	$0.03	$0.06	$0.09	$80.41	$83.09
$82.50	$80.00	Aug 21	$0.07	$0.03	$0.10	$79.90	$82.60
$82.00	$80.50	Aug 19	$0.07	$0.02	$0.09	$80.41	$82.09
$82.00	$81.00	Aug 19	$0.07	$0.04	$0.11	$80.89	$82.11
$83.50	$80.00	Aug 26	$0.04	$0.08	$0.12	$79.88	$83.62
$83.00	$80.50	Aug 24	$0.04	$0.08	$0.12	$80.38	$83.12

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 17 found (best R:R 1.08, avg credit $0.29)

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
79/80	84/84	Oct 2	$0.23	$0.27	47%	0.85	$79.27	$83.73
80/80	83/84	Oct 2	$0.28	$0.22	36%	1.27	$79.72	$83.28
80/80	84/84	Oct 2	$0.25	$0.25	41%	1.00	$79.75	$83.75
80/80	82/83	Sep 11	$0.28	$0.22	34%	1.27	$80.22	$82.78
80/80	83/84	Sep 11	$0.24	$0.26	42%	0.92	$80.26	$83.24
80/80	83/84	Sep 25	$0.25	$0.25	40%	1.00	$79.75	$83.25
80/80	84/84	Sep 25	$0.22	$0.28	46%	0.79	$79.78	$83.72
80/80	82/83	Sep 4	$0.24	$0.26	39%	0.92	$80.26	$82.74
80/81	82/83	Aug 28	$0.23	$0.27	40%	0.85	$80.77	$82.73

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 103 found (best R:R 9.00, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$79.00	$80.00	$81.00	Sep 2	$0.10	$0.90	37%	9.00
$80.00	$81.00	$82.00	Sep 2	$0.21	$0.79	47%	3.76
$80.00	$81.00	$82.00	Sep 18	$0.15	$0.85	34%	5.67
$78.00	$79.00	$80.00	Sep 18	$0.09	$0.91	24%	10.11
$80.00	$81.00	$82.00	Sep 30	$0.12	$0.88	29%	7.33

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$81.00	$81.50	$82.00	Aug 19	$0.18	$0.32	64%	1.78
$79.00	$80.00	$81.00	Sep 18	$0.12	$0.88	26%	7.33
$80.50	$81.00	$81.50	Aug 24	$0.06	$0.44	30%	7.33
$80.00	$81.00	$82.00	Sep 18	$0.15	$0.85	30%	5.67
$78.00	$79.00	$80.00	Sep 30	$0.07	$0.93	17%	13.29

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 159 found (best net $-1.77, 146 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$70.00	$75.00	1:2	Aug 28	-$1.77	$3.23
$70.00	$75.00	1:2	Sep 11	-$1.81	$3.19
$75.00	$78.00	1:2	Aug 24	-$0.74	$2.26
$71.00	$75.00	1:2	Sep 18	-$2.81	$1.19
$80.00	$81.00	1:2	Sep 2	-$0.28	$0.72

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$84.00	$83.00	1:2	Aug 19	-$0.36	$0.64
$83.00	$82.00	1:2	Sep 2	-$0.23	$0.77
$82.00	$81.00	1:2	Sep 2	$0.00	$1.00
$84.00	$83.00	1:2	Aug 31	-$0.50	$0.50
$82.50	$82.00	1:2	Aug 21	-$0.13	$0.37

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 64 found (best yield 1.25%, avg 0.35%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$82.00	Sep 30	$1.02	0.43	0.4%	1.25%	1.69%	2.1K	10.0K
$82.00	Oct 2	$1.02	0.42	0.4%	1.25%	1.69%	62	343
$82.50	Oct 2	$0.80	0.36	1.1%	0.98%	2.03%	5	66
$82.00	Sep 25	$0.93	0.43	0.4%	1.14%	1.58%	499	443
$83.00	Sep 30	$0.61	0.31	1.7%	0.75%	2.41%	174	8.9K
$83.00	Oct 2	$0.62	0.30	1.7%	0.76%	2.43%	21	1.2K
$82.50	Sep 25	$0.71	0.36	1.1%	0.87%	1.92%	2.8K	1.2K
$82.00	Sep 18	$0.80	0.42	0.4%	0.98%	1.42%	5.4K	76.9K
$83.50	Oct 2	$0.47	0.25	2.3%	0.58%	2.85%	33	62
$83.00	Sep 25	$0.53	0.29	1.7%	0.65%	2.32%	579	562

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 138,704

Total Puts 168,617

Put/Call Ratio 1.22

Net Difference -29,913

Prior's Put/Call Breakdown

Total Calls 117,875

Total Puts 192,753

Put/Call Ratio 1.64

Net Difference -74,878

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

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📈 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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