TLT - Options Database

TLT

iShares 20+ Year Treasury Bond ETF

$82.71 -0.37%

(8/20 10:01) ◀

Thursday, August 20, 2026 (11:00am)

▶ (8/20 12:02)

◀ 8/20 11:04 ▶

Option Volume

Detail

ℹ

Current (08/20 11:00am) 181,849

Calls: 100,200 (55%)

Puts: 81,649 (45%)

Prior (08/19) 264,815

Calls: 183,393 (69%)

Puts: 81,422 (31%)

Current vs Prior -31.33%

Calls: -45.36% (Calls)

Puts: +0.28% (Puts)

Prior 7-Day Total 3,270,871

Calls: 1,912,899 (58%)

Puts: 1,357,972 (42%)

Prior 7-Day Average 467,267

Calls: 273,271 (58%)

Puts: 193,996 (42%)

Current vs Prior 7-Day Avg -61.08%

Calls: -63.33%

Puts: -57.91%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (08/20 11:00am) $9.66M

Calls: $5.24M (54%)

Puts: $4.42M (46%)

Prior (08/19) $15.84M

Calls: $11.99M (76%)

Puts: $3.85M (24%)

Current vs Prior -39.02%

Calls: -56.28%

Puts: +14.65%

Prior 7-Day Total $428.87M

Calls: $333.91M (78%)

Puts: $94.96M (22%)

Prior 7-Day Average $61.27M

Calls: $47.70M (78%)

Puts: $13.57M (22%)

Current vs Prior 7-Day Avg -84.24%

Calls: -89.01%

Puts: -67.43%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (08/20 11:00am) 0.81

Prior (08/19) 0.44

Current vs Prior +83.54%

Prior 7-Day Average 0.77

Current vs Prior 7-Day Avg +6.49%

Sentiment NEUTRAL

Open Interest

Detail

ℹ

Current (08/20 11:00am) 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 23,510,964

Calls: 12,877,742 (55%)

Puts: 10,633,222 (45%)

Prior 7-Day Average 3,358,709

Calls: 1,839,677 (55%)

Puts: 1,519,031 (45%)

Current vs Prior 7-Day Avg +7.66%

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 0.97% | 1.14%0.97% | 1.58%0.97% | 3.05%

Prior 1.07% | 1.22%1.07% | 1.64%0.65% | 3.14%

Current vs Prior -9.78% | -6.58%-9.78% | -3.32%+48.71% | -3.09%

Prior 7-Day Avg 0.95% | 1.19%1.06% | 1.63%0.93% | 3.33%

Current vs 7-Day Avg +1.50% | -4.34%-8.43% | -2.84%+3.78% | -8.38%

Prior 7-Day Eod 1.07% | 1.22%1.08% | 1.65%0.60% | 3.13%

Current vs 7-Day Eod -9.78% | -6.58%-10.78% | -4.02%+60.58% | -2.71%

Sentiment BULLISHBULLISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 5.00% | 4.26%

Calls: 5.13% | 4.26%

Puts: 4.88% | 4.26%

Prior 6.68% | 5.01%

Calls: 6.45% | 5.26%

Puts: 6.90% | 4.76%

Current vs Prior -25.15% | -14.97%

Prior 7-Day Avg 6.20% | 3.57%

Calls: 5.57% | 3.42%

Puts: 6.83% | 3.73%

Current vs 7-Day Avg -19.34% | +19.18%

Liquidity Acceptable

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🤖 AI Insights

P/C ratio rising 84% - 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
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 334 of results (avg 3.3%, best 0.8%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$71.00	Sep 2	11.75	11.85	$11.80	0.8%	--	1.00	48
$72.00	Aug 26	10.70	10.80	$10.75	0.9%	2	1.00	--
$67.00	Aug 21	15.65	15.80	$15.73	1.0%	1	1.00	--
$81.50	Sep 25	1.82	1.84	$1.83	1.1%	59	0.68	650
$74.00	Aug 28	8.75	8.85	$8.80	1.1%	--	1.00	13

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$99.00	Sep 30	16.40	16.55	$16.48	0.9%	--	0.99	172
$84.00	Sep 30	1.91	1.93	$1.92	1.0%	22	0.69	11.1K
$92.00	Sep 4	9.45	9.55	$9.50	1.1%	--	0.99	47
$91.00	Sep 2	8.45	8.55	$8.50	1.2%	--	0.99	48
$98.00	Sep 18	15.40	15.60	$15.50	1.3%	--	0.99	16

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 152 found (avg $0.36, cheapest $0.15)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$83.00	Aug 21	0.14	0.15	$0.15	6.7%	10.1K	0.34	52.6K
$83.50	Aug 24	0.08	0.09	$0.09	11.1%	96	0.18	1.5K
$83.00	Aug 24	0.21	0.22	$0.22	4.5%	911	0.37	3.1K
$84.00	Aug 26	0.07	0.08	$0.08	12.5%	216	0.13	2.5K
$82.50	Aug 21	0.38	0.40	$0.39	5.1%	9.2K	0.64	49.5K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.50	Aug 21	0.15	0.16	$0.16	6.3%	8.1K	0.36	20.4K
$82.00	Aug 24	0.09	0.10	$0.10	10.0%	1.5K	0.20	1.8K
$82.50	Aug 24	0.22	0.23	$0.23	4.3%	410	0.39	969
$83.00	Aug 21	0.40	0.42	$0.41	4.9%	940	0.66	56.1K
$82.00	Aug 26	0.15	0.17	$0.16	12.5%	1.2K	0.25	1.4K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 238 found (avg delta 0.87, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$72.00	Aug 26	10.70	10.80	$10.75	0.9%	2	1.00	--
$79.00	Aug 26	3.70	3.85	$3.78	4.0%	--	1.00	20
$79.00	Aug 31	3.75	3.90	$3.83	3.9%	--	1.00	18
$71.00	Sep 2	11.75	11.85	$11.80	0.8%	--	1.00	48
$78.00	Sep 2	4.75	4.85	$4.80	2.1%	8	1.00	--

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$85.00	Aug 21	2.26	2.31	$2.29	2.2%	15	1.00	12.4K
$86.00	Aug 21	3.20	3.35	$3.28	4.6%	4	1.00	999
$87.00	Aug 21	4.20	4.35	$4.28	3.5%	--	1.00	18
$88.00	Aug 21	5.25	5.35	$5.30	1.9%	--	1.00	1.0K
$89.00	Aug 21	6.20	6.35	$6.28	2.4%	--	1.00	21

Most actively traded options today. High liquidity = easy entry/exit. 349 active (total vol 181.5K, top 23.0K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$85.00	Sep 18	0.20	0.21	$0.21	4.8%	23.0K	0.16	63.0K
$83.00	Sep 18	0.78	0.80	$0.79	2.5%	12.1K	0.42	73.2K
$83.00	Aug 21	0.14	0.15	$0.15	6.7%	10.1K	0.34	52.6K
$82.50	Aug 21	0.38	0.40	$0.39	5.1%	9.2K	0.64	49.5K
$82.50	Aug 28	0.67	0.69	$0.68	2.9%	6.5K	0.58	7.5K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$83.00	Sep 18	1.15	1.18	$1.17	2.6%	16.3K	0.58	89.9K
$82.00	Sep 18	0.69	0.71	$0.70	2.9%	13.7K	0.42	167.1K
$81.00	Sep 18	0.40	0.41	$0.41	2.4%	11.1K	0.27	134.6K
$82.50	Aug 21	0.15	0.16	$0.16	6.3%	8.1K	0.36	20.4K
$82.00	Aug 21	0.04	0.05	$0.05	20.0%	3.3K	0.14	42.2K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 4 strikes (avg 25.7%, max 39.5%)

CALLS (2)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$82.50	Aug 21	Oct 2	13.2%	9.5%	39.5%	9.2K	49.7K
$83.00	Aug 21	Oct 2	13.6%	12.2%	11.9%	10.1K	53.9K

PUTS (2)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$82.50	Aug 21	Oct 2	13.2%	9.5%	39.5%	8.1K	20.7K
$83.00	Aug 21	Oct 2	13.6%	12.2%	11.9%	965	56.2K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 93 found (best R:R 1.17, avg 1.97)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$82.50	$83.00	Aug 21	$0.24	$0.26	$0.24	64%	1.08	$82.74
$84.50	$85.00	Sep 25	$0.10	$0.40	$0.10	24%	4.00	$84.60
$82.50	$83.00	Aug 31	$0.25	$0.25	$0.25	57%	1.00	$82.75
$84.00	$84.50	Sep 11	$0.10	$0.40	$0.10	24%	4.00	$84.10
$82.50	$83.00	Aug 26	$0.25	$0.25	$0.25	58%	1.00	$82.75

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$83.00	$82.00	Sep 30	$0.46	$0.54	$0.46	56%	1.17	$82.54
$82.00	$81.00	Sep 30	$0.31	$0.69	$0.31	43%	2.23	$81.69
$83.00	$82.50	Sep 25	$0.24	$0.26	$0.24	57%	1.08	$82.76
$83.00	$82.00	Sep 18	$0.47	$0.53	$0.47	58%	1.13	$82.53
$82.00	$81.00	Sep 18	$0.29	$0.71	$0.29	42%	2.45	$81.71

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 55 found (best R:R 0.61, avg 0.44)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$83.00	$84.00	Sep 18	$0.38	$0.38	$0.62	58%	0.61	$83.38
$83.00	$84.00	Sep 30	$0.41	$0.41	$0.59	56%	0.69	$83.41
$84.00	$85.00	Sep 30	$0.26	$0.26	$0.74	69%	0.35	$84.26
$83.00	$83.50	Sep 25	$0.22	$0.22	$0.28	57%	0.79	$83.22
$83.00	$83.50	Oct 2	$0.22	$0.22	$0.28	57%	0.79	$83.22

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$82.50	$82.00	Aug 21	$0.11	$0.11	$0.39	64%	0.28	$82.39
$82.50	$82.00	Aug 24	$0.13	$0.13	$0.37	61%	0.35	$82.37
$82.00	$81.50	Sep 2	$0.15	$0.15	$0.35	63%	0.43	$81.85
$82.50	$82.00	Aug 26	$0.15	$0.15	$0.35	58%	0.43	$82.35
$81.50	$81.00	Sep 2	$0.10	$0.10	$0.40	74%	0.25	$81.40

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 4 found (avg debit $0.07, cheapest $0.07)

CALLS (2)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$82.50	Aug 21	Aug 24	$0.08	13.2%	8.9%
$83.00	Aug 21	Aug 24	$0.07	13.6%	9.5%

PUTS (2)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$82.50	Aug 21	Aug 24	$0.07	13.2%	8.9%
$83.00	Aug 21	Aug 24	$0.06	13.6%	9.5%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 201 found (cheapest 0.66% of stock, avg 4.03%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$82.50	Aug 21	$0.39	$0.16	$0.55	$81.95	$83.05	0.66%
$83.00	Aug 21	$0.15	$0.41	$0.56	$82.44	$83.56	0.68%
$83.00	Aug 24	$0.22	$0.47	$0.69	$82.31	$83.69	0.83%
$82.50	Aug 24	$0.47	$0.23	$0.70	$81.80	$83.20	0.85%
$82.00	Aug 21	$0.79	$0.05	$0.84	$81.16	$82.84	1.02%
$83.50	Aug 21	$0.05	$0.82	$0.87	$82.63	$84.37	1.05%
$82.50	Aug 26	$0.56	$0.31	$0.87	$81.63	$83.37	1.05%
$83.00	Aug 26	$0.31	$0.56	$0.87	$82.13	$83.87	1.05%
$82.00	Aug 24	$0.84	$0.10	$0.94	$81.06	$82.94	1.14%
$83.50	Aug 24	$0.09	$0.85	$0.94	$82.56	$84.44	1.14%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 257 found (cheapest 0.08% of stock, avg 0.82%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$84.50	$81.50	Aug 24	$0.03	$0.04	$0.07	$81.43	$84.57
$84.00	$81.50	Aug 24	$0.04	$0.04	$0.08	$81.42	$84.08
$84.50	$81.00	Aug 26	$0.05	$0.05	$0.10	$80.90	$84.60
$85.00	$80.50	Aug 28	$0.05	$0.05	$0.10	$80.40	$85.10
$83.50	$82.00	Aug 21	$0.05	$0.05	$0.10	$81.90	$83.60
$85.00	$80.50	Aug 31	$0.06	$0.06	$0.12	$80.38	$85.12
$85.00	$81.00	Aug 28	$0.05	$0.08	$0.13	$80.87	$85.13
$84.50	$80.50	Aug 28	$0.08	$0.05	$0.13	$80.37	$84.63
$84.00	$81.00	Aug 26	$0.08	$0.05	$0.13	$80.87	$84.13
$84.50	$81.50	Aug 26	$0.05	$0.08	$0.13	$81.37	$84.63

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 17 found (best R:R 1.27, avg credit $0.28)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
80/81	84/84	Oct 2	$0.28	$0.22	36%	1.27	$80.72	$84.28
80/80	84/84	Oct 2	$0.25	$0.25	42%	1.00	$80.25	$84.25
80/81	84/85	Oct 2	$0.25	$0.25	42%	1.00	$80.75	$84.75
80/81	84/84	Sep 25	$0.25	$0.25	41%	1.00	$80.75	$84.25
80/80	84/85	Oct 2	$0.22	$0.28	47%	0.79	$80.28	$84.72
81/82	84/84	Sep 11	$0.27	$0.23	36%	1.17	$81.23	$83.77
81/82	84/84	Sep 11	$0.23	$0.27	43%	0.85	$81.27	$84.23
80/81	84/85	Sep 25	$0.21	$0.29	47%	0.72	$80.79	$84.71
81/82	84/84	Sep 2	$0.22	$0.28	45%	0.79	$81.28	$83.72
81/82	84/84	Sep 4	$0.24	$0.26	40%	0.92	$81.26	$83.74

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 98 found (best R:R 8.09, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$80.00	$81.00	$82.00	Sep 18	$0.11	$0.89	31%	8.09
$80.00	$81.00	$82.00	Sep 30	$0.10	$0.90	27%	9.00
$79.00	$80.00	$81.00	Sep 30	$0.07	$0.93	21%	13.29
$81.00	$82.00	$83.00	Sep 18	$0.17	$0.83	35%	4.88
$79.00	$80.00	$81.00	Sep 18	$0.09	$0.91	22%	10.11

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$80.00	$81.00	$82.00	Sep 18	$0.11	$0.89	26%	8.09
$82.00	$82.50	$83.00	Aug 21	$0.14	$0.36	53%	2.57
$82.00	$82.50	$83.00	Aug 24	$0.11	$0.39	43%	3.55
$79.00	$80.00	$81.00	Sep 30	$0.07	$0.93	17%	13.29
$80.00	$81.00	$82.00	Sep 30	$0.11	$0.89	24%	8.09

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 154 found (best net $-0.17, 147 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$76.00	$79.50	1:2	Oct 2	-$0.17	$3.33
$70.00	$75.00	1:2	Sep 11	-$2.83	$2.17
$75.00	$78.00	1:2	Aug 24	-$1.75	$1.25
$82.00	$83.00	1:2	Sep 18	-$0.23	$0.77
$82.00	$82.50	1:2	Aug 24	-$0.10	$0.40

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$85.50	$84.00	1:2	Sep 2	-$0.27	$1.23
$85.00	$84.00	1:2	Aug 31	-$0.46	$0.54
$83.50	$83.00	1:2	Aug 24	-$0.09	$0.41
$83.00	$82.00	1:2	Sep 18	-$0.23	$0.77
$82.00	$81.00	1:2	Sep 18	-$0.12	$0.88

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
$83.00	Oct 2	$1.03	0.43	0.3%	1.25%	1.60%	70	1.3K
$83.00	Sep 30	$1.01	0.44	0.3%	1.22%	1.57%	1.3K	10.9K
$83.50	Oct 2	$0.81	0.37	1.0%	0.98%	1.93%	--	282
$83.00	Sep 25	$0.92	0.43	0.3%	1.11%	1.46%	163	1.1K
$84.00	Oct 2	$0.63	0.31	1.6%	0.76%	2.32%	5	324
$84.00	Sep 30	$0.60	0.31	1.6%	0.73%	2.29%	386	55.6K
$83.50	Sep 25	$0.70	0.37	1.0%	0.85%	1.80%	543	567
$84.50	Oct 2	$0.48	0.26	2.2%	0.58%	2.74%	14	377
$84.00	Sep 25	$0.52	0.30	1.6%	0.63%	2.19%	62	1.0K
$83.00	Sep 18	$0.78	0.42	0.3%	0.94%	1.29%	12.1K	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 100,200

Total Puts 81,649

Put/Call Ratio 0.81

Net Difference 18,551

Prior's Put/Call Breakdown

Total Calls 183,393

Total Puts 81,422

Put/Call Ratio 0.44

Net Difference 101,971

Prior 7-Day Put/Call Summary

Total Calls 1,912,899

Total Puts 1,357,972

Average Put/Call Ratio 0.77

Ratio Trend Rising

Daily Put/Call History (Last 7 Days)

Date	Calls	Puts	Ratio	Net Diff
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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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