TLT - Options Database

TLT

iShares 20+ Year Treasury Bond ETF

$82.35 -0.81%

(8/20 11:04) ◀

Thursday, August 20, 2026 (12:00pm)

▶ (8/20 13:02)

◀ 8/20 12:02 ▶

Option Volume

Detail

ℹ

Current (08/20 12:00pm) 286,067

Calls: 152,595 (53%)

Puts: 133,472 (47%)

Prior (08/19) 391,400

Calls: 294,112 (75%)

Puts: 97,288 (25%)

Current vs Prior -26.91%

Calls: -48.12% (Calls)

Puts: +37.19% (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 -38.78%

Calls: -44.16%

Puts: -31.20%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (08/20 12:00pm) $16.07M

Calls: $6.78M (42%)

Puts: $9.29M (58%)

Prior (08/19) $22.90M

Calls: $17.86M (78%)

Puts: $5.04M (22%)

Current vs Prior -29.83%

Calls: -62.05%

Puts: +84.26%

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 -73.77%

Calls: -85.79%

Puts: -31.51%

Sentiment BEARISH

Put/Call Ratio

Detail

ℹ

Current (08/20 12:00pm) 0.87

Prior (08/19) 0.33

Current vs Prior +164.43%

Prior 7-Day Average 0.77

Current vs Prior 7-Day Avg +14.30%

Sentiment NEUTRAL

Open Interest

Detail

ℹ

Current (08/20 12:00pm) 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 0.95% | 1.17%0.95% | 1.69%0.95% | 3.17%

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

Current vs Prior -11.65% | -4.18%-11.64% | +3.03%+45.63% | +0.81%

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

Current vs 7-Day Avg -0.61% | -1.88%-10.32% | +3.55%+1.63% | -4.69%

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

Current vs 7-Day Eod -11.65% | -4.18%-12.63% | +2.28%+57.26% | +1.20%

Sentiment BULLISHBULLISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 3.75% | 2.15%

Calls: 4.26% | 1.79%

Puts: 3.23% | 2.50%

Prior 6.68% | 5.01%

Calls: 6.45% | 5.26%

Puts: 6.90% | 4.76%

Current vs Prior -43.86% | -57.09%

Prior 7-Day Avg 6.20% | 3.57%

Calls: 5.57% | 3.42%

Puts: 6.83% | 3.73%

Current vs 7-Day Avg -39.50% | -39.85%

Liquidity Good

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🤖 AI Insights

P/C ratio rising 164% - increased hedging/bearish positioning.

Smart Money BEARISH

Retail Flow BULLISH

Overall BULLISH

Dollar Volume

Option Volume

Put/Call Ratio

Open Interest

Expected Move

Current BEARISH

Prior BULLISH

7-Day Avg BULLISH

Current NEUTRAL

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
12:00	BEARISH	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 345 of results (avg 3.0%, best 0.7%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$67.00	Aug 21	15.30	15.40	$15.35	0.7%	1	1.00	--
$81.50	Sep 11	1.35	1.36	$1.36	0.7%	198	0.64	445
$70.00	Sep 4	12.35	12.45	$12.40	0.8%	--	1.00	64
$70.00	Aug 21	12.30	12.40	$12.35	0.8%	--	1.00	164
$71.00	Sep 2	11.35	11.45	$11.40	0.9%	--	1.00	48

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$98.00	Sep 18	15.80	15.95	$15.88	0.9%	--	0.99	16
$97.00	Sep 18	14.80	14.95	$14.88	1.0%	--	0.99	298
$97.00	Sep 30	14.80	14.95	$14.88	1.0%	--	0.99	72
$96.00	Sep 18	13.80	13.95	$13.88	1.1%	--	0.99	1.1K
$96.00	Sep 30	13.80	13.95	$13.88	1.1%	--	0.99	56

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 167 found (avg $0.34, cheapest $0.11)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.50	Aug 21	0.17	0.18	$0.18	5.6%	15.8K	0.41	49.5K
$83.00	Aug 24	0.10	0.11	$0.11	9.1%	1.8K	0.22	3.1K
$83.50	Aug 26	0.09	0.10	$0.10	10.0%	46	0.16	7.2K
$82.50	Aug 24	0.27	0.28	$0.28	3.6%	589	0.43	1.6K
$82.00	Aug 21	0.46	0.48	$0.47	4.3%	2.6K	0.72	13.7K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.00	Aug 21	0.10	0.11	$0.11	9.1%	6.2K	0.28	42.2K
$81.50	Aug 24	0.07	0.08	$0.08	12.5%	520	0.16	2.9K
$82.50	Aug 21	0.30	0.31	$0.31	3.2%	10.2K	0.59	20.4K
$82.00	Aug 24	0.18	0.19	$0.19	5.3%	2.6K	0.34	1.8K
$81.00	Aug 26	0.07	0.08	$0.08	12.5%	234	0.13	381

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 237 found (avg delta 0.87, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$75.00	Aug 24	7.30	7.40	$7.35	1.4%	--	1.00	49
$78.00	Aug 24	4.30	4.45	$4.38	3.4%	18	1.00	19
$79.00	Aug 24	3.30	3.45	$3.38	4.4%	18	1.00	27
$72.00	Aug 26	10.30	10.45	$10.38	1.4%	4	1.00	--
$79.00	Aug 26	3.30	3.45	$3.38	4.4%	--	1.00	20

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$84.50	Aug 21	2.13	2.18	$2.16	2.3%	4	1.00	--
$85.00	Aug 21	2.63	2.68	$2.66	1.9%	38	1.00	12.4K
$86.00	Aug 21	3.60	3.75	$3.68	4.1%	4	1.00	999
$87.00	Aug 21	4.55	4.75	$4.65	4.3%	--	1.00	18
$88.00	Aug 21	5.60	5.75	$5.68	2.6%	--	1.00	1.0K

Most actively traded options today. High liquidity = easy entry/exit. 379 active (total vol 285.6K, top 32.9K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$85.00	Sep 18	0.17	0.18	$0.18	5.6%	25.3K	0.14	63.0K
$83.00	Sep 18	0.68	0.69	$0.69	1.4%	18.1K	0.37	73.2K
$82.50	Aug 21	0.17	0.18	$0.18	5.6%	15.8K	0.41	49.5K
$83.00	Aug 21	0.04	0.05	$0.05	20.0%	13.8K	0.15	52.6K
$82.50	Aug 28	0.50	0.51	$0.51	2.0%	10.1K	0.46	7.5K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.00	Sep 18	0.90	0.92	$0.91	2.2%	32.9K	0.49	167.1K
$83.00	Sep 18	1.42	1.44	$1.43	1.4%	22.1K	0.63	89.9K
$81.00	Sep 18	0.55	0.56	$0.56	1.8%	11.7K	0.33	134.6K
$82.50	Aug 21	0.30	0.31	$0.31	3.2%	10.2K	0.59	20.4K
$82.00	Aug 21	0.10	0.11	$0.11	9.1%	6.2K	0.28	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 16.2%, max 31.9%)

CALLS (2)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$82.00	Aug 21	Oct 2	13.1%	10.0%	31.9%	2.6K	14.2K
$82.50	Aug 21	Oct 2	12.8%	12.7%	0.5%	15.8K	49.7K

PUTS (2)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$82.00	Aug 21	Oct 2	13.1%	10.0%	31.9%	6.3K	42.6K
$82.50	Aug 21	Oct 2	12.8%	12.7%	0.5%	10.3K	20.7K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 102 found (best R:R 0.92, avg 1.95)

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	66%	0.79	$82.28
$82.00	$82.50	Aug 26	$0.28	$0.22	$0.28	63%	0.79	$82.28
$83.50	$84.00	Sep 4	$0.10	$0.40	$0.10	24%	4.00	$83.60
$83.00	$83.50	Aug 26	$0.10	$0.40	$0.10	28%	4.00	$83.10

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
$83.00	$82.00	Sep 30	$0.51	$0.49	$0.51	61%	0.96	$82.49
$82.00	$81.00	Sep 18	$0.35	$0.65	$0.35	49%	1.86	$81.65
$82.00	$81.00	Sep 30	$0.37	$0.63	$0.37	49%	1.70	$81.63
$82.50	$82.00	Sep 25	$0.23	$0.27	$0.23	55%	1.17	$82.27

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 60 found (best R:R 0.52, avg 0.45)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$83.00	$84.00	Sep 18	$0.34	$0.34	$0.66	63%	0.52	$83.34
$83.00	$84.00	Sep 30	$0.36	$0.36	$0.64	60%	0.56	$83.36
$84.00	$85.00	Sep 30	$0.24	$0.24	$0.76	72%	0.32	$84.24
$82.50	$83.00	Oct 2	$0.24	$0.24	$0.26	55%	0.92	$82.74
$83.00	$83.50	Sep 25	$0.20	$0.20	$0.30	61%	0.67	$83.20

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$82.00	$81.50	Aug 24	$0.11	$0.11	$0.39	66%	0.28	$81.89
$81.00	$80.50	Sep 2	$0.10	$0.10	$0.40	74%	0.25	$80.90
$81.00	$80.50	Sep 11	$0.13	$0.13	$0.37	69%	0.35	$80.87
$82.00	$81.50	Aug 26	$0.13	$0.13	$0.37	63%	0.35	$81.87
$80.00	$79.00	Sep 18	$0.14	$0.14	$0.86	79%	0.16	$79.86

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $0.10, cheapest $0.09)

CALLS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$82.50	Aug 21	Aug 24	$0.10	12.8%	9.9%

PUTS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$82.50	Aug 21	Aug 24	$0.09	12.8%	9.9%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 201 found (cheapest 0.60% of stock, avg 4.06%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$82.50	Aug 21	$0.18	$0.31	$0.49	$82.01	$82.99	0.60%
$82.00	Aug 21	$0.47	$0.11	$0.58	$81.42	$82.58	0.70%
$82.50	Aug 24	$0.28	$0.40	$0.68	$81.82	$83.18	0.83%
$83.00	Aug 21	$0.05	$0.69	$0.74	$82.26	$83.74	0.90%
$82.00	Aug 24	$0.56	$0.19	$0.75	$81.25	$82.75	0.91%
$83.00	Aug 24	$0.11	$0.73	$0.84	$82.16	$83.84	1.02%
$82.50	Aug 26	$0.39	$0.50	$0.89	$81.61	$83.39	1.08%
$81.50	Aug 21	$0.91	$0.04	$0.95	$80.55	$82.45	1.15%
$82.00	Aug 26	$0.67	$0.28	$0.95	$81.05	$82.95	1.15%
$83.00	Aug 26	$0.20	$0.81	$1.01	$81.99	$84.01	1.23%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 259 found (cheapest 0.07% of stock, avg 0.92%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$83.50	$81.50	Aug 21	$0.02	$0.04	$0.06	$81.44	$83.56
$84.00	$81.00	Aug 24	$0.03	$0.04	$0.07	$80.93	$84.07
$84.00	$80.50	Aug 26	$0.05	$0.04	$0.09	$80.41	$84.09
$83.50	$81.00	Aug 24	$0.05	$0.04	$0.09	$80.91	$83.59
$83.00	$81.50	Aug 21	$0.05	$0.04	$0.09	$81.41	$83.09
$84.50	$80.00	Aug 28	$0.06	$0.05	$0.11	$79.89	$84.61
$84.00	$81.50	Aug 24	$0.03	$0.08	$0.11	$81.39	$84.11
$84.00	$81.00	Aug 26	$0.05	$0.08	$0.13	$80.87	$84.13
$83.50	$81.50	Aug 24	$0.05	$0.08	$0.13	$81.37	$83.63
$84.50	$80.50	Aug 28	$0.06	$0.08	$0.14	$80.36	$84.64

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 23 found (best R:R 0.92, avg credit $0.29)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
80/80	84/85	Oct 2	$0.24	$0.26	46%	0.92	$80.26	$84.74
80/80	84/84	Sep 25	$0.27	$0.23	40%	1.17	$80.23	$83.77
80/81	84/84	Sep 25	$0.30	$0.20	33%	1.50	$80.70	$83.80
80/80	84/84	Oct 2	$0.29	$0.21	35%	1.38	$80.21	$83.79
80/80	84/85	Oct 2	$0.21	$0.29	51%	0.72	$79.79	$84.71
80/80	84/84	Oct 2	$0.26	$0.24	41%	1.08	$80.24	$84.26
80/81	83/84	Sep 2	$0.25	$0.25	42%	1.00	$80.75	$83.25
80/80	84/84	Oct 2	$0.26	$0.24	40%	1.08	$79.74	$83.76
80/80	84/84	Oct 2	$0.23	$0.27	46%	0.85	$79.77	$84.23
80/81	84/84	Sep 11	$0.25	$0.25	42%	1.00	$80.75	$83.75

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 98 found (best R:R 11.50, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$79.00	$80.00	$81.00	Sep 18	$0.08	$0.92	25%	11.50
$80.00	$81.00	$82.00	Sep 18	$0.13	$0.87	32%	6.69
$79.00	$80.00	$81.00	Sep 30	$0.08	$0.92	22%	11.50
$80.00	$81.00	$82.00	Sep 30	$0.12	$0.88	28%	7.33
$82.00	$82.50	$83.00	Aug 21	$0.16	$0.34	58%	2.12

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$80.00	$81.00	$82.00	Sep 18	$0.12	$0.88	28%	7.33
$81.50	$82.00	$82.50	Aug 21	$0.13	$0.37	49%	2.85
$79.00	$80.00	$81.00	Sep 30	$0.08	$0.92	19%	11.50
$81.50	$82.00	$82.50	Aug 24	$0.10	$0.40	40%	4.00
$84.00	$85.00	$86.00	Sep 18	$0.06	$0.94	15%	15.67

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 $-0.92, 146 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$70.00	$75.00	1:2	Sep 11	-$2.43	$2.57
$75.00	$78.00	1:2	Aug 24	-$1.41	$1.59
$75.00	$78.00	1:2	Sep 2	-$1.43	$1.57
$71.00	$75.00	1:2	Sep 18	-$3.43	$0.57
$71.00	$75.00	1:2	Sep 2	-$3.46	$0.54

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$93.00	$88.00	1:2	Sep 25	-$0.92	$4.08
$85.50	$84.00	1:2	Sep 2	-$0.55	$0.95
$83.50	$83.00	1:2	Aug 21	-$0.21	$0.29
$83.00	$82.50	1:2	Aug 24	-$0.07	$0.43
$85.00	$84.00	1:2	Aug 31	-$0.76	$0.24

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 69 found (best yield 1.37%, avg 0.37%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$82.50	Oct 2	$1.13	0.45	0.2%	1.37%	1.55%	55	192
$83.00	Sep 30	$0.89	0.40	0.8%	1.08%	1.87%	1.6K	10.9K
$83.00	Oct 2	$0.90	0.39	0.8%	1.09%	1.88%	70	1.3K
$82.50	Sep 25	$1.04	0.45	0.2%	1.26%	1.45%	281	5.8K
$83.50	Oct 2	$0.70	0.33	1.4%	0.85%	2.25%	--	282
$83.00	Sep 25	$0.81	0.39	0.8%	0.98%	1.77%	196	1.1K
$84.00	Sep 30	$0.53	0.28	2.0%	0.64%	2.65%	429	55.6K
$83.50	Sep 25	$0.61	0.32	1.4%	0.74%	2.14%	563	567
$84.00	Oct 2	$0.53	0.27	2.0%	0.64%	2.65%	5	324
$83.00	Sep 18	$0.68	0.37	0.8%	0.83%	1.62%	18.1K	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 152,595

Total Puts 133,472

Put/Call Ratio 0.87

Net Difference 19,123

Prior's Put/Call Breakdown

Total Calls 294,112

Total Puts 97,288

Put/Call Ratio 0.33

Net Difference 196,824

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 - 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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