TLT - Options Database

TLT

iShares 20+ Year Treasury Bond ETF

$82.37 -0.78%

(8/19 19:07) ◀

Thursday, August 20, 2026 (10:00am)

▶ (8/20 11:04)

◀ 8/20 10:01 ▶

Option Volume

Detail

ℹ

Current (08/20 10:00am) 59,779

Calls: 34,685 (58%)

Puts: 25,094 (42%)

Prior (08/19) 174,329

Calls: 123,698 (71%)

Puts: 50,631 (29%)

Current vs Prior -65.71%

Calls: -71.96% (Calls)

Puts: -50.44% (Puts)

Prior 7-Day Total 3,129,755

Calls: 1,762,831 (56%)

Puts: 1,366,924 (44%)

Prior 7-Day Average 447,107

Calls: 251,833 (56%)

Puts: 195,274 (44%)

Current vs Prior 7-Day Avg -86.63%

Calls: -86.23%

Puts: -87.15%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (08/20 10:00am) $2.27M

Calls: $1.30M (57%)

Puts: $964.4K (43%)

Prior (08/19) $9.42M

Calls: $7.34M (78%)

Puts: $2.08M (22%)

Current vs Prior -75.92%

Calls: -82.24%

Puts: -53.62%

Prior 7-Day Total $471.87M

Calls: $373.32M (79%)

Puts: $98.54M (21%)

Prior 7-Day Average $67.41M

Calls: $53.33M (79%)

Puts: $14.08M (21%)

Current vs Prior 7-Day Avg -96.63%

Calls: -97.55%

Puts: -93.15%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (08/20 10:00am) 0.72

Prior (08/19) 0.41

Current vs Prior +76.76%

Prior 7-Day Average 0.81

Current vs Prior 7-Day Avg -10.42%

Sentiment NEUTRAL

Open Interest

Detail

ℹ

Current (08/20 10:00am) 3,616,060

Calls: 2,065,821 (57%)

Puts: 1,550,239 (43%)

Prior (08/19) 3,560,908

Calls: 2,022,163 (57%)

Puts: 1,538,745 (43%)

Current vs Prior +1.55%

Prior 7-Day Total 23,101,985

Calls: 12,541,756 (54%)

Puts: 10,560,229 (46%)

Prior 7-Day Average 3,300,283

Calls: 1,791,679 (54%)

Puts: 1,508,604 (46%)

Current vs Prior 7-Day Avg +9.57%

Sentiment BEARISH

Expected Move

Detail

ℹ

3DTEWKMO Expiry (08/21) | Next (08/24)Expiry (08/21) | Next (08/28)Expiry (08/21) | Next (09/18)

Current 1.00% | 1.17%1.00% | 1.65%1.00% | 3.13%

Prior 0.83% | 1.15%1.15% | 1.73%0.83% | 3.18%

Current vs Prior +19.55% | +1.25%-13.52% | -4.38%+19.55% | -1.62%

Prior 7-Day Avg 0.95% | 1.21%1.10% | 1.66%1.05% | 3.39%

Current vs 7-Day Avg +4.27% | -3.48%-9.19% | -0.68%-5.01% | -7.70%

Prior 7-Day Eod 0.83% | 1.15%1.08% | 1.65%0.60% | 3.13%

Current vs 7-Day Eod +19.55% | +1.25%-8.17% | +0.05%+65.28% | +0.01%

Sentiment BEARISHBULLISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 3.56% | 2.16%

Calls: 4.00% | 1.75%

Puts: 3.13% | 2.56%

Prior 8.58% | 3.15%

Calls: 6.90% | 2.22%

Puts: 10.26% | 4.08%

Current vs Prior -58.51% | -31.43%

Prior 7-Day Avg 5.94% | 3.23%

Calls: 5.54% | 2.98%

Puts: 6.34% | 3.49%

Current vs 7-Day Avg -40.08% | -33.19%

Liquidity Good

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🤖 AI Insights

Light premium activity with dollar volume down 76% vs prior. Below-average activity with volume down 66% vs prior. P/C ratio rising 77% - increased hedging/bearish positioning.

Smart Money BULLISH

Retail Flow BULLISH

Overall BULLISH

Dollar Volume

Option Volume

Put/Call Ratio

Open Interest

Expected Move

Current BULLISH

Prior BULLISH

7-Day Avg BULLISH

Current BULLISH

Prior BULLISH

7-Day Avg NEUTRAL

Current NEUTRAL

Prior BULLISH

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
16:00	BULLISH	BULLISH	BULLISH
15:00	BULLISH	BULLISH	BULLISH
14:00	BULLISH	BULLISH	BULLISH
13:00	BULLISH	BULLISH	BULLISH
12:00	BULLISH	BULLISH	BULLISH
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 336 of results (avg 2.8%, best 0.4%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$70.00	Aug 21	12.35	12.40	$12.38	0.4%	--	1.00	164
$81.00	Sep 30	2.03	2.04	$2.04	0.5%	21	0.68	371
$81.00	Sep 25	1.95	1.96	$1.96	0.5%	5	0.69	199
$81.50	Sep 25	1.61	1.62	$1.62	0.6%	46	0.61	650
$75.00	Sep 30	7.45	7.50	$7.48	0.7%	--	1.00	78

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$89.00	Oct 2	6.90	6.95	$6.93	0.7%	6	0.95	22
$88.00	Sep 11	5.85	5.90	$5.88	0.9%	--	0.97	22
$88.00	Sep 18	5.85	5.90	$5.88	0.9%	--	0.96	11.2K
$88.00	Sep 30	5.85	5.90	$5.88	0.9%	--	0.94	756
$83.00	Sep 2	1.16	1.17	$1.17	0.9%	24	0.68	185

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 172 found (avg $0.33, cheapest $0.07)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$83.00	Aug 21	0.06	0.07	$0.07	14.3%	886	0.18	52.6K
$82.50	Aug 21	0.20	0.21	$0.21	4.8%	5.8K	0.43	49.5K
$83.50	Aug 24	0.05	0.06	$0.06	16.7%	12	0.12	1.5K
$83.00	Aug 24	0.12	0.13	$0.13	7.7%	146	0.24	3.1K
$84.00	Aug 26	0.05	0.06	$0.06	16.7%	202	0.10	2.5K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.00	Aug 21	0.11	0.12	$0.12	8.3%	1.4K	0.28	42.2K
$81.50	Aug 24	0.07	0.08	$0.08	12.5%	7	0.16	2.9K
$82.00	Aug 24	0.17	0.18	$0.18	5.6%	671	0.33	1.8K
$82.50	Aug 21	0.31	0.32	$0.32	3.1%	6.6K	0.57	20.4K
$81.00	Aug 26	0.07	0.08	$0.08	12.5%	13	0.12	381

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 222 found (avg delta 0.87, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$71.00	Sep 2	11.40	11.50	$11.45	0.9%	--	1.00	48
$78.00	Sep 2	4.40	4.50	$4.45	2.2%	8	1.00	--
$79.00	Sep 2	3.45	3.50	$3.48	1.4%	--	1.00	522
$80.00	Sep 2	2.48	2.53	$2.51	2.0%	1	1.00	2
$70.00	Sep 4	12.40	12.50	$12.45	0.8%	--	1.00	64

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$85.00	Aug 21	2.62	2.66	$2.64	1.5%	10	1.00	12.4K
$86.00	Aug 21	3.60	3.65	$3.63	1.4%	3	1.00	999
$87.00	Aug 21	4.60	4.70	$4.65	2.2%	--	1.00	18
$88.00	Aug 21	5.55	5.70	$5.63	2.7%	--	1.00	1.0K
$89.00	Aug 21	6.55	6.70	$6.63	2.3%	--	1.00	21

Most actively traded options today. High liquidity = easy entry/exit. 257 active (total vol 59.7K, top 6.6K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.50	Aug 21	0.20	0.21	$0.21	4.8%	5.8K	0.43	49.5K
$82.50	Aug 28	0.50	0.51	$0.51	2.0%	4.4K	0.47	7.5K
$82.50	Aug 26	0.39	0.40	$0.40	2.5%	1.5K	0.46	518
$86.00	Sep 18	0.10	0.11	$0.11	9.1%	1.5K	0.08	51.7K
$84.50	Aug 21	0.01	0.02	$0.02	50.0%	1.5K	0.03	6.4K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.50	Aug 21	0.31	0.32	$0.32	3.1%	6.6K	0.57	20.4K
$81.00	Aug 21	0.01	0.02	$0.02	50.0%	1.7K	0.04	68.9K
$82.00	Aug 21	0.11	0.12	$0.12	8.3%	1.4K	0.28	42.2K
$82.00	Aug 26	0.26	0.27	$0.27	3.7%	1.2K	0.36	1.4K
$81.00	Sep 4	0.31	0.32	$0.32	3.1%	1.2K	0.27	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. 6 strikes (avg 20.3%, max 39.9%)

CALLS (3)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$82.00	Aug 21	Oct 2	13.6%	9.8%	39.9%	1.2K	14.2K
$83.00	Aug 21	Oct 2	13.9%	12.3%	13.1%	946	53.9K
$82.50	Aug 21	Oct 2	13.5%	12.5%	7.8%	5.8K	49.7K

PUTS (3)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$82.00	Aug 21	Oct 2	13.6%	9.8%	39.9%	1.4K	42.6K
$83.00	Aug 21	Oct 2	13.9%	12.3%	13.1%	381	56.2K
$82.50	Aug 21	Oct 2	13.5%	12.5%	7.8%	6.6K	20.7K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 91 found (best R:R 0.92, avg 1.83)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$82.00	$82.50	Aug 21	$0.29	$0.21	$0.29	72%	0.72	$82.29
$82.00	$82.50	Aug 24	$0.28	$0.22	$0.28	67%	0.79	$82.28
$83.50	$84.00	Sep 11	$0.11	$0.39	$0.11	27%	3.55	$83.61
$82.00	$82.50	Aug 26	$0.28	$0.22	$0.28	64%	0.79	$82.28
$84.00	$85.00	Sep 18	$0.16	$0.84	$0.16	24%	5.25	$84.16

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$83.00	$82.00	Sep 18	$0.52	$0.48	$0.52	63%	0.92	$82.48
$82.00	$81.00	Sep 30	$0.36	$0.64	$0.36	49%	1.78	$81.64
$83.00	$82.00	Sep 30	$0.52	$0.48	$0.52	61%	0.92	$82.48
$82.00	$81.50	Oct 2	$0.21	$0.29	$0.21	51%	1.38	$81.79
$81.50	$81.00	Sep 11	$0.14	$0.36	$0.14	39%	2.57	$81.36

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 52 found (best R:R 0.47, avg 0.46)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$83.00	$84.00	Sep 18	$0.32	$0.32	$0.68	63%	0.47	$83.32
$83.00	$84.00	Sep 30	$0.35	$0.35	$0.65	60%	0.54	$83.35
$84.00	$85.00	Sep 30	$0.23	$0.23	$0.77	72%	0.30	$84.23
$83.00	$83.50	Oct 2	$0.20	$0.20	$0.30	61%	0.67	$83.20
$82.50	$83.00	Sep 4	$0.21	$0.21	$0.29	56%	0.72	$82.71

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$82.00	$81.50	Aug 31	$0.15	$0.15	$0.35	61%	0.43	$81.85
$82.00	$81.50	Sep 4	$0.20	$0.20	$0.30	53%	0.67	$81.80
$82.00	$81.50	Sep 11	$0.21	$0.21	$0.29	52%	0.72	$81.79
$81.00	$80.50	Sep 11	$0.12	$0.12	$0.38	70%	0.32	$80.88
$81.00	$80.50	Sep 4	$0.10	$0.10	$0.40	73%	0.25	$80.90

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $0.08, cheapest $0.07)

CALLS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$82.50	Aug 21	Aug 24	$0.08	13.5%	9.8%

PUTS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$82.50	Aug 21	Aug 24	$0.07	13.5%	9.8%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 190 found (cheapest 0.64% of stock, avg 4.01%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$82.50	Aug 21	$0.21	$0.32	$0.53	$81.97	$83.03	0.64%
$82.00	Aug 21	$0.50	$0.12	$0.62	$81.38	$82.62	0.75%
$82.50	Aug 24	$0.29	$0.39	$0.68	$81.82	$83.18	0.83%
$83.00	Aug 21	$0.07	$0.68	$0.75	$82.25	$83.75	0.91%
$82.00	Aug 24	$0.57	$0.18	$0.75	$81.25	$82.75	0.91%
$83.00	Aug 24	$0.13	$0.73	$0.86	$82.14	$83.86	1.04%
$82.50	Aug 26	$0.40	$0.48	$0.88	$81.62	$83.38	1.07%
$82.00	Aug 26	$0.68	$0.27	$0.95	$81.05	$82.95	1.15%
$81.50	Aug 21	$0.93	$0.04	$0.97	$80.53	$82.47	1.18%
$83.00	Aug 26	$0.21	$0.80	$1.01	$81.99	$84.01	1.23%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 263 found (cheapest 0.08% of stock, avg 0.89%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$84.00	$81.00	Aug 24	$0.03	$0.04	$0.07	$80.93	$84.07
$83.50	$81.50	Aug 21	$0.03	$0.04	$0.07	$81.43	$83.57
$84.50	$80.50	Aug 26	$0.04	$0.04	$0.08	$80.42	$84.58
$84.00	$80.50	Aug 26	$0.06	$0.04	$0.10	$80.40	$84.10
$83.50	$81.00	Aug 24	$0.06	$0.04	$0.10	$80.90	$83.60
$83.00	$81.50	Aug 21	$0.07	$0.04	$0.11	$81.39	$83.11
$84.00	$81.50	Aug 24	$0.03	$0.08	$0.11	$81.39	$84.11
$84.50	$80.00	Aug 28	$0.07	$0.05	$0.12	$79.88	$84.62
$84.50	$81.00	Aug 26	$0.04	$0.08	$0.12	$80.88	$84.62
$84.50	$80.00	Aug 31	$0.08	$0.06	$0.14	$79.86	$84.64

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 15 found (best R:R 1.38, avg credit $0.30)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
80/80	84/84	Oct 2	$0.29	$0.21	36%	1.38	$80.21	$83.79
80/80	84/84	Oct 2	$0.26	$0.24	41%	1.08	$80.24	$84.26
80/80	84/84	Sep 25	$0.26	$0.24	40%	1.08	$80.24	$83.76
80/80	84/84	Sep 25	$0.23	$0.27	46%	0.85	$80.27	$84.23
80/81	84/84	Sep 25	$0.28	$0.22	34%	1.27	$80.72	$83.78
80/81	84/84	Sep 25	$0.25	$0.25	40%	1.00	$80.75	$84.25
80/81	84/84	Sep 11	$0.23	$0.27	42%	0.85	$80.77	$83.73
80/81	83/84	Sep 4	$0.24	$0.26	40%	0.92	$80.76	$83.24
81/82	83/84	Sep 2	$0.27	$0.23	33%	1.17	$81.23	$83.27
79/80	84/85	Sep 30	$0.39	$0.61	49%	0.64	$79.61	$84.39

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 95 found (best R:R 6.14, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$80.00	$81.00	$82.00	Sep 2	$0.14	$0.86	44%	6.14
$80.00	$81.00	$82.00	Sep 30	$0.11	$0.89	28%	8.09
$80.00	$81.00	$82.00	Sep 18	$0.14	$0.86	32%	6.14
$79.00	$80.00	$81.00	Sep 18	$0.10	$0.90	24%	9.00
$79.00	$80.00	$81.00	Sep 30	$0.09	$0.91	23%	10.11

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$81.50	$82.00	$82.50	Aug 21	$0.12	$0.38	47%	3.17
$79.00	$80.00	$81.00	Sep 30	$0.08	$0.92	19%	11.50
$82.00	$82.50	$83.00	Aug 21	$0.16	$0.34	55%	2.12
$80.00	$81.00	$82.00	Sep 30	$0.12	$0.88	25%	7.33
$80.00	$81.00	$82.00	Sep 18	$0.14	$0.86	28%	6.14

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 $-2.47, 150 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$70.00	$75.00	1:2	Sep 11	-$2.47	$2.53
$75.00	$78.00	1:2	Aug 24	-$1.42	$1.58
$71.00	$75.00	1:2	Sep 18	-$3.47	$0.53
$81.00	$82.00	1:2	Sep 2	-$0.09	$0.91
$80.00	$81.00	1:2	Aug 26	-$0.54	$0.46

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$85.50	$84.00	1:2	Sep 2	-$0.54	$0.96
$89.00	$86.50	1:2	Sep 2	-$1.91	$0.59
$85.00	$84.00	1:2	Aug 21	-$0.64	$0.36
$83.00	$82.50	1:2	Aug 24	-$0.05	$0.45
$83.50	$83.00	1:2	Aug 21	-$0.21	$0.29

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 72 found (best yield 1.36%, avg 0.36%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$82.50	Oct 2	$1.12	0.45	0.2%	1.36%	1.52%	2	192
$83.00	Oct 2	$0.89	0.39	0.8%	1.08%	1.85%	60	1.3K
$83.00	Sep 30	$0.88	0.40	0.8%	1.07%	1.83%	1.3K	10.9K
$82.50	Sep 25	$1.03	0.45	0.2%	1.25%	1.41%	134	5.8K
$83.50	Oct 2	$0.70	0.33	1.4%	0.85%	2.22%	--	282
$83.00	Sep 25	$0.80	0.39	0.8%	0.97%	1.74%	20	1.1K
$84.00	Sep 30	$0.53	0.28	2.0%	0.64%	2.62%	338	55.6K
$84.00	Oct 2	$0.54	0.27	2.0%	0.66%	2.63%	4	324
$83.50	Sep 25	$0.61	0.32	1.4%	0.74%	2.11%	3	567
$83.00	Sep 18	$0.67	0.37	0.8%	0.81%	1.58%	385	73.2K

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 34,685

Total Puts 25,094

Put/Call Ratio 0.72

Net Difference 9,591

Prior's Put/Call Breakdown

Total Calls 123,698

Total Puts 50,631

Put/Call Ratio 0.41

Net Difference 73,067

Prior 7-Day Put/Call Summary

Total Calls 1,762,831

Total Puts 1,366,924

Average Put/Call Ratio 0.81

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

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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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