TLT - Options Database

TLT

iShares 20+ Year Treasury Bond ETF

$82.35 -0.80%

(8/20 13:02) ◀

Thursday, August 20, 2026 (2:00pm)

▶ (8/20 15:01)

◀ 8/20 14:01 ▶

Option Volume

Detail

ℹ

Current (08/20 2:00pm) 377,731

Calls: 212,718 (56%)

Puts: 165,013 (44%)

Prior (08/19) 477,048

Calls: 346,769 (73%)

Puts: 130,279 (27%)

Current vs Prior -20.82%

Calls: -38.66% (Calls)

Puts: +26.66% (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 -19.16%

Calls: -22.16%

Puts: -14.94%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (08/20 2:00pm) $19.23M

Calls: $9.12M (47%)

Puts: $10.11M (53%)

Prior (08/19) $25.66M

Calls: $19.46M (76%)

Puts: $6.21M (24%)

Current vs Prior -25.07%

Calls: -53.13%

Puts: +62.90%

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 -68.61%

Calls: -80.88%

Puts: -25.49%

Sentiment BEARISH

Put/Call Ratio

Detail

ℹ

Current (08/20 2:00pm) 0.78

Prior (08/19) 0.38

Current vs Prior +106.48%

Prior 7-Day Average 0.77

Current vs Prior 7-Day Avg +1.37%

Sentiment NEUTRAL

Open Interest

Detail

ℹ

Current (08/20 2:00pm) 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 0.92% | 1.14%0.92% | 1.64%0.92% | 3.13%

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

Current vs Prior -13.91% | -6.17%-13.91% | +0.07%+41.90% | -0.34%

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

Current vs 7-Day Avg -3.16% | -3.92%-12.62% | +0.56%-0.98% | -5.79%

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

Current vs 7-Day Eod -13.91% | -6.17%-14.87% | -0.66%+53.23% | +0.04%

Sentiment BULLISHBULLISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 4.92% | 2.21%

Calls: 6.38% | 1.79%

Puts: 3.45% | 2.63%

Prior 6.68% | 5.01%

Calls: 6.45% | 5.26%

Puts: 6.90% | 4.76%

Current vs Prior -26.35% | -55.89%

Prior 7-Day Avg 6.20% | 3.57%

Calls: 5.57% | 3.42%

Puts: 6.83% | 3.73%

Current vs 7-Day Avg -20.63% | -38.17%

Liquidity Good

Add Card

🤖 AI Insights

P/C ratio rising 106% - 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 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
14:00	BEARISH	BULLISH	BULLISH
13:00	BEARISH	BULLISH	BULLISH
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 348 of results (avg 3.0%, best 0.5%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$81.00	Sep 18	1.83	1.84	$1.84	0.5%	557	0.71	9.0K
$81.50	Sep 25	1.62	1.63	$1.63	0.6%	138	0.61	650
$82.00	Sep 25	1.31	1.32	$1.32	0.8%	161	0.53	991
$82.00	Sep 18	1.17	1.18	$1.17	0.9%	2.1K	0.53	76.8K
$66.00	Aug 21	16.30	16.45	$16.38	0.9%	9	1.00	1

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.50	Sep 25	1.21	1.22	$1.21	0.8%	412	0.55	584
$83.00	Sep 2	1.16	1.17	$1.17	0.9%	257	0.68	185
$84.00	Sep 25	2.15	2.17	$2.16	0.9%	20	0.74	441
$82.00	Sep 30	1.03	1.04	$1.04	1.0%	143	0.49	3.8K
$83.00	Aug 31	0.89	0.90	$0.90	1.1%	17	0.66	403

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 170 found (avg $0.33, cheapest $0.09)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.50	Aug 21	0.16	0.17	$0.17	5.9%	19.5K	0.42	49.5K
$83.00	Aug 24	0.10	0.11	$0.11	9.1%	2.0K	0.22	3.1K
$83.50	Aug 26	0.08	0.09	$0.09	11.1%	47	0.15	7.2K
$82.50	Aug 24	0.26	0.27	$0.27	3.7%	622	0.44	1.6K
$82.00	Aug 21	0.45	0.48	$0.47	6.4%	4.4K	0.75	13.7K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.00	Aug 21	0.08	0.09	$0.09	11.1%	8.9K	0.25	42.2K
$81.50	Aug 24	0.06	0.07	$0.07	14.3%	1.9K	0.15	2.9K
$82.50	Aug 21	0.28	0.29	$0.29	3.4%	10.6K	0.59	20.4K
$82.00	Aug 24	0.16	0.17	$0.17	5.9%	2.9K	0.32	1.8K
$81.00	Aug 26	0.06	0.07	$0.07	14.3%	302	0.12	381

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 243 found (avg delta 0.88, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$72.00	Aug 26	10.35	10.50	$10.43	1.4%	4	1.00	--
$79.00	Aug 26	3.35	3.50	$3.43	4.4%	--	1.00	20
$71.00	Sep 2	11.35	11.50	$11.43	1.3%	--	1.00	48
$75.00	Sep 2	7.35	7.55	$7.45	2.7%	99	1.00	--
$78.00	Sep 2	4.40	4.50	$4.45	2.2%	19	1.00	--

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$84.50	Aug 21	2.12	2.17	$2.15	2.3%	7	1.00	--
$85.00	Aug 21	2.62	2.67	$2.65	1.9%	40	1.00	12.4K
$86.00	Aug 21	3.55	3.70	$3.63	4.1%	26	1.00	999
$87.00	Aug 21	4.55	4.75	$4.65	4.3%	--	1.00	18
$88.00	Aug 21	5.55	5.70	$5.63	2.7%	--	1.00	1.0K

Most actively traded options today. High liquidity = easy entry/exit. 418 active (total vol 377.2K, top 36.4K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$85.00	Sep 18	0.15	0.16	$0.16	6.3%	36.4K	0.13	63.0K
$83.00	Sep 18	0.67	0.68	$0.68	1.5%	27.4K	0.37	73.2K
$83.00	Aug 21	0.04	0.05	$0.05	20.0%	22.5K	0.15	52.6K
$82.50	Aug 21	0.16	0.17	$0.17	5.9%	19.5K	0.42	49.5K
$84.00	Sep 18	0.34	0.35	$0.35	2.9%	16.2K	0.23	30.9K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.00	Sep 18	0.89	0.90	$0.90	1.1%	33.7K	0.48	167.1K
$83.00	Sep 18	1.40	1.42	$1.41	1.4%	22.7K	0.63	89.9K
$81.00	Sep 18	0.53	0.54	$0.54	1.9%	11.9K	0.33	134.6K
$82.00	Aug 28	0.35	0.36	$0.36	2.8%	11.1K	0.38	8.9K
$82.50	Aug 21	0.28	0.29	$0.29	3.4%	10.6K	0.59	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 27.2%, max 27.2%)

CALLS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$82.00	Aug 21	Oct 2	12.6%	9.9%	27.2%	4.4K	14.2K

PUTS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$82.00	Aug 21	Oct 2	12.6%	9.9%	27.2%	9.1K	42.6K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 99 found (best R:R 2.33, avg 1.97)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$82.00	$82.50	Aug 21	$0.30	$0.20	$0.30	75%	0.67	$82.30
$81.00	$81.50	Sep 25	$0.33	$0.17	$0.33	69%	0.52	$81.33
$82.00	$82.50	Aug 24	$0.29	$0.21	$0.29	68%	0.72	$82.29
$82.00	$82.50	Aug 26	$0.28	$0.22	$0.28	64%	0.79	$82.28
$85.00	$86.00	Sep 30	$0.12	$0.88	$0.12	18%	7.33	$85.12

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$90.00	$89.00	Oct 2	$0.30	$0.70	$0.30	96%	2.33	$89.70
$83.00	$82.00	Sep 18	$0.51	$0.49	$0.51	63%	0.96	$82.49
$83.00	$82.00	Sep 30	$0.50	$0.50	$0.50	60%	1.00	$82.50
$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. 58 found (best R:R 0.49, avg 0.45)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$83.00	$84.00	Sep 18	$0.33	$0.33	$0.67	63%	0.49	$83.33
$83.00	$84.00	Sep 30	$0.37	$0.37	$0.63	60%	0.59	$83.37
$84.00	$85.00	Sep 18	$0.19	$0.19	$0.81	77%	0.23	$84.19
$84.00	$85.00	Sep 30	$0.23	$0.23	$0.77	72%	0.30	$84.23
$82.50	$83.00	Oct 2	$0.24	$0.24	$0.26	55%	0.92	$82.74

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$82.00	$81.50	Aug 24	$0.10	$0.10	$0.40	68%	0.25	$81.90
$82.00	$81.50	Aug 28	$0.15	$0.15	$0.35	62%	0.43	$81.85
$81.50	$81.00	Aug 31	$0.10	$0.10	$0.40	73%	0.25	$81.40
$81.50	$81.00	Sep 2	$0.14	$0.14	$0.36	65%	0.39	$81.36
$81.50	$81.00	Sep 4	$0.15	$0.15	$0.35	63%	0.43	$81.35

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	12.2%	9.4%

PUTS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$82.50	Aug 21	Aug 24	$0.09	12.2%	9.4%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 205 found (cheapest 0.56% of stock, avg 4.07%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$82.50	Aug 21	$0.17	$0.29	$0.46	$82.04	$82.96	0.56%
$82.00	Aug 21	$0.47	$0.09	$0.56	$81.44	$82.56	0.68%
$82.50	Aug 24	$0.27	$0.38	$0.65	$81.85	$83.15	0.79%
$83.00	Aug 21	$0.05	$0.67	$0.72	$82.28	$83.72	0.87%
$82.00	Aug 24	$0.56	$0.17	$0.73	$81.27	$82.73	0.89%
$83.00	Aug 24	$0.11	$0.72	$0.83	$82.17	$83.83	1.01%
$82.50	Aug 26	$0.38	$0.48	$0.86	$81.64	$83.36	1.04%
$82.00	Aug 26	$0.66	$0.26	$0.92	$81.08	$82.92	1.12%
$81.50	Aug 21	$0.92	$0.03	$0.95	$80.55	$82.45	1.15%
$83.00	Aug 26	$0.19	$0.79	$0.98	$82.02	$83.98	1.19%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 259 found (cheapest 0.06% of stock, avg 0.89%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$83.50	$81.50	Aug 21	$0.02	$0.03	$0.05	$81.45	$83.55
$84.00	$81.00	Aug 24	$0.03	$0.03	$0.06	$80.94	$84.06
$83.50	$81.00	Aug 24	$0.05	$0.03	$0.08	$80.92	$83.58
$83.00	$81.50	Aug 21	$0.05	$0.03	$0.08	$81.42	$83.08
$84.00	$80.50	Aug 26	$0.05	$0.04	$0.09	$80.41	$84.09
$84.00	$81.50	Aug 24	$0.03	$0.07	$0.10	$81.40	$84.10
$84.50	$80.00	Aug 28	$0.06	$0.05	$0.11	$79.89	$84.61
$84.00	$81.00	Aug 26	$0.05	$0.07	$0.12	$80.88	$84.12
$83.50	$81.50	Aug 24	$0.05	$0.07	$0.12	$81.38	$83.62
$83.50	$82.00	Aug 21	$0.02	$0.09	$0.11	$81.89	$83.61

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 21 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	84/84	Sep 25	$0.24	$0.26	46%	0.92	$80.26	$84.24
80/80	84/84	Sep 25	$0.27	$0.23	40%	1.17	$80.23	$83.77
80/80	84/84	Oct 2	$0.29	$0.21	35%	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	Oct 2	$0.26	$0.24	41%	1.08	$79.74	$83.76
80/81	84/84	Sep 11	$0.25	$0.25	42%	1.00	$80.75	$83.75
80/80	84/84	Oct 2	$0.23	$0.27	46%	0.85	$79.77	$84.23
80/81	84/84	Sep 25	$0.26	$0.24	40%	1.08	$80.74	$84.26
80/81	84/84	Sep 25	$0.29	$0.21	34%	1.38	$80.71	$83.79
81/82	83/84	Sep 2	$0.28	$0.22	33%	1.27	$81.22	$83.28

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 103 found (best R:R 6.69, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$80.00	$81.00	$82.00	Sep 18	$0.13	$0.87	32%	6.69
$79.00	$80.00	$81.00	Sep 30	$0.07	$0.93	22%	13.29
$81.00	$82.00	$83.00	Sep 30	$0.13	$0.87	28%	6.69
$78.00	$79.00	$80.00	Sep 30	$0.06	$0.94	17%	15.67
$80.00	$81.00	$82.00	Sep 30	$0.13	$0.87	28%	6.69

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$82.00	$82.50	$83.00	Aug 21	$0.18	$0.32	61%	1.78
$81.50	$82.00	$82.50	Aug 28	$0.05	$0.45	28%	9.00
$81.00	$82.00	$83.00	Sep 18	$0.15	$0.85	30%	5.67
$79.00	$80.00	$81.00	Sep 30	$0.08	$0.92	19%	11.50
$81.50	$82.00	$82.50	Aug 21	$0.14	$0.36	50%	2.57

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 153 found (best net $-0.56, 144 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$76.00	$79.50	1:2	Oct 2	-$0.56	$2.94
$70.00	$75.00	1:2	Sep 11	-$2.47	$2.53
$75.00	$78.00	1:2	Aug 24	-$1.38	$1.62
$75.00	$78.00	1:2	Sep 2	-$1.45	$1.55
$71.00	$75.00	1:2	Sep 2	-$3.47	$0.53

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$93.00	$88.50	1:2	Sep 25	-$1.88	$2.62
$85.50	$84.00	1:2	Sep 2	-$0.54	$0.96
$83.50	$83.00	1:2	Aug 21	-$0.19	$0.31
$85.00	$84.00	1:2	Aug 31	-$0.73	$0.27
$82.00	$81.00	1:2	Sep 18	-$0.18	$0.82

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 65 found (best yield 1.37%, avg 0.38%)

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	$0.88	0.40	0.8%	1.07%	1.86%	1.9K	10.9K
$83.00	Oct 2	$0.89	0.39	0.8%	1.08%	1.87%	130	1.3K
$82.50	Sep 25	$1.03	0.46	0.2%	1.25%	1.43%	520	5.8K
$83.50	Oct 2	$0.69	0.33	1.4%	0.84%	2.23%	--	282
$83.00	Sep 25	$0.80	0.39	0.8%	0.97%	1.76%	197	1.1K
$83.50	Sep 25	$0.60	0.32	1.4%	0.73%	2.13%	563	567
$84.00	Sep 30	$0.51	0.28	2.0%	0.62%	2.62%	478	55.6K
$84.00	Oct 2	$0.53	0.27	2.0%	0.64%	2.65%	5	324
$83.00	Sep 18	$0.67	0.37	0.8%	0.81%	1.60%	27.4K	73.2K

Current 5-Minute Volume Snapshots

Time (HH:MM)	Total Volume	Call Volume	Put Volume	Volume Change
Loading data...

Prior's 5-Minute Volume Snapshots

Time (HH:MM)	Total Volume	Call Volume	Put Volume	Volume Change
Loading data...

Current Put/Call Breakdown

Total Calls 212,718

Total Puts 165,013

Put/Call Ratio 0.78

Net Difference 47,705

Prior's Put/Call Breakdown

Total Calls 346,769

Total Puts 130,279

Put/Call Ratio 0.38

Net Difference 216,490

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
Loading data...

Upcoming Earnings - 2 Weeks Prior

Loading earnings data...

Upcoming Earnings - 1 Week Prior

Loading earnings data...

Earnings This Week

Loading earnings data...

Earnings - Day Before / Day After

Loading earnings data...

Options Activity Around Earnings

Ticker	Earnings Date	Days Away	Call Volume	Put Volume	IV Rank
Loading data...

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

Add Card