TLT - Options Database

TLT

iShares 20+ Year Treasury Bond ETF

$82.43 -0.72%

(8/20 14:01) ◀

Thursday, August 20, 2026 (3:00pm)

▶ (8/20 15:14)

◀ 8/20 15:01 ▶

Option Volume

Detail

ℹ

Current (08/20 3:00pm) 468,075

Calls: 256,580 (55%)

Puts: 211,495 (45%)

Prior (08/19) 524,919

Calls: 379,603 (72%)

Puts: 145,316 (28%)

Current vs Prior -10.83%

Calls: -32.41% (Calls)

Puts: +45.54% (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 +0.17%

Calls: -6.11%

Puts: +9.02%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (08/20 3:00pm) $26.89M

Calls: $11.21M (42%)

Puts: $15.68M (58%)

Prior (08/19) $28.39M

Calls: $22.30M (79%)

Puts: $6.09M (21%)

Current vs Prior -5.27%

Calls: -49.70%

Puts: +157.39%

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 -56.11%

Calls: -76.49%

Puts: +15.58%

Sentiment BEARISH

Put/Call Ratio

Detail

ℹ

Current (08/20 3:00pm) 0.82

Prior (08/19) 0.38

Current vs Prior +115.32%

Prior 7-Day Average 0.77

Current vs Prior 7-Day Avg +7.72%

Sentiment NEUTRAL

Open Interest

Detail

ℹ

Current (08/20 3:00pm) 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% | 1.15%0.95% | 1.67%0.95% | 3.15%

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

Current vs Prior -11.73% | -5.27%-11.73% | +2.19%+45.50% | +0.33%

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

Current vs 7-Day Avg -0.70% | -2.99%-10.41% | +2.70%+1.53% | -5.15%

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

Current vs 7-Day Eod -11.73% | -5.27%-12.71% | +1.45%+57.11% | +0.72%

Sentiment BULLISHBULLISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 5.78% | 2.29%

Calls: 7.55% | 1.64%

Puts: 4.00% | 2.94%

Prior 6.68% | 5.01%

Calls: 6.45% | 5.26%

Puts: 6.90% | 4.76%

Current vs Prior -13.47% | -54.29%

Prior 7-Day Avg 6.20% | 3.57%

Calls: 5.57% | 3.42%

Puts: 6.83% | 3.73%

Current vs 7-Day Avg -6.75% | -35.93%

Liquidity Good

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🤖 AI Insights

P/C ratio rising 115% - 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
15:00	BEARISH	BULLISH	BULLISH
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 355 of results (avg 3.1%, best 0.5%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$81.00	Sep 18	1.89	1.90	$1.90	0.5%	674	0.72	9.0K
$81.50	Sep 11	1.40	1.41	$1.40	0.7%	324	0.66	445
$82.00	Sep 25	1.36	1.37	$1.37	0.7%	161	0.54	991
$80.50	Oct 2	2.47	2.49	$2.48	0.8%	53	0.75	73
$82.00	Sep 18	1.22	1.23	$1.23	0.8%	2.9K	0.55	76.8K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$83.00	Sep 25	1.44	1.45	$1.44	0.7%	11	0.60	178
$83.00	Sep 11	1.27	1.28	$1.27	0.8%	1.6K	0.64	430
$83.00	Sep 4	1.18	1.19	$1.19	0.8%	103	0.65	849
$82.50	Sep 25	1.17	1.18	$1.17	0.9%	425	0.54	584
$84.00	Oct 2	2.31	2.33	$2.32	0.9%	5	0.72	215

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 170 found (avg $0.34, cheapest $0.09)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.50	Aug 21	0.19	0.20	$0.20	5.0%	20.0K	0.46	49.5K
$83.00	Aug 24	0.11	0.12	$0.12	8.3%	2.1K	0.24	3.1K
$83.50	Aug 26	0.09	0.10	$0.10	10.0%	50	0.17	7.2K
$82.50	Aug 24	0.29	0.30	$0.30	3.3%	623	0.47	1.6K
$82.00	Aug 21	0.51	0.55	$0.53	7.5%	4.5K	0.77	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%	15.7K	0.24	42.2K
$82.50	Aug 21	0.24	0.25	$0.25	4.0%	10.8K	0.55	20.4K
$81.50	Aug 24	0.06	0.07	$0.07	14.3%	1.9K	0.14	2.9K
$82.00	Aug 24	0.14	0.15	$0.15	6.7%	3.4K	0.30	1.8K
$81.00	Aug 26	0.06	0.07	$0.07	14.3%	354	0.11	381

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 247 found (avg delta 0.88, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$70.00	Sep 2	12.45	12.60	$12.52	1.2%	15	1.00	1
$71.00	Sep 2	11.45	11.60	$11.52	1.3%	--	1.00	48
$75.00	Sep 2	7.45	7.55	$7.50	1.3%	99	1.00	--
$78.00	Sep 2	4.45	4.60	$4.53	3.3%	19	1.00	--
$79.00	Sep 2	3.45	3.60	$3.53	4.2%	--	1.00	522

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$84.50	Aug 21	2.03	2.13	$2.08	4.8%	9	1.00	--
$85.00	Aug 21	2.54	2.63	$2.59	3.5%	10.5K	1.00	12.4K
$86.00	Aug 21	3.50	3.65	$3.58	4.2%	103	1.00	999
$87.00	Aug 21	4.50	4.65	$4.58	3.3%	--	1.00	18
$88.00	Aug 21	5.50	5.65	$5.58	2.7%	112	1.00	1.0K

Most actively traded options today. High liquidity = easy entry/exit. 436 active (total vol 467.6K, top 44.5K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$85.00	Sep 18	0.17	0.18	$0.18	5.6%	42.1K	0.14	63.0K
$84.00	Sep 18	0.36	0.37	$0.37	2.7%	30.6K	0.24	30.9K
$83.00	Sep 18	0.70	0.72	$0.71	2.8%	28.8K	0.39	73.2K
$83.00	Aug 21	0.04	0.05	$0.05	20.0%	23.7K	0.16	52.6K
$82.50	Aug 21	0.19	0.20	$0.20	5.0%	20.0K	0.46	49.5K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.00	Sep 18	0.85	0.87	$0.86	2.3%	44.5K	0.47	167.1K
$83.00	Sep 18	1.36	1.38	$1.37	1.5%	22.8K	0.62	89.9K
$82.00	Aug 21	0.08	0.09	$0.09	11.1%	15.7K	0.24	42.2K
$81.00	Sep 18	0.51	0.52	$0.52	1.9%	12.0K	0.32	134.6K
$82.00	Aug 28	0.32	0.33	$0.33	3.0%	11.4K	0.37	8.9K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 3 strikes (avg 26.8%, max 40.3%)

CALLS (2)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$82.00	Aug 21	Oct 2	13.9%	9.9%	40.3%	4.5K	14.2K
$83.00	Aug 21	Oct 2	12.5%	12.4%	0.7%	23.8K	53.9K

PUTS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$82.00	Aug 21	Oct 2	13.8%	9.9%	39.3%	15.8K	42.6K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 96 found (best R:R 0.67, avg 1.84)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$79.00	$79.50	Oct 2	$0.30	$0.20	$0.30	92%	0.67	$79.30
$82.00	$82.50	Aug 21	$0.33	$0.17	$0.33	76%	0.52	$82.33
$82.00	$82.50	Aug 24	$0.31	$0.19	$0.31	70%	0.61	$82.31
$83.00	$83.50	Sep 11	$0.16	$0.34	$0.16	36%	2.12	$83.16
$82.00	$82.50	Aug 26	$0.30	$0.20	$0.30	66%	0.67	$82.30

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$82.00	$81.00	Sep 30	$0.35	$0.65	$0.35	48%	1.86	$81.65
$83.00	$82.00	Sep 18	$0.51	$0.49	$0.51	62%	0.96	$82.49
$83.00	$82.00	Sep 30	$0.50	$0.50	$0.50	60%	1.00	$82.50
$82.50	$82.00	Sep 25	$0.22	$0.28	$0.22	54%	1.27	$82.28
$82.00	$81.00	Sep 18	$0.34	$0.66	$0.34	47%	1.94	$81.66

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 55 found (best R:R 0.52, avg 0.47)

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	62%	0.52	$83.34
$84.00	$85.00	Sep 30	$0.25	$0.25	$0.75	71%	0.33	$84.25
$83.00	$84.00	Sep 30	$0.37	$0.37	$0.63	59%	0.59	$83.37
$82.50	$83.00	Sep 11	$0.24	$0.24	$0.26	55%	0.92	$82.74
$84.00	$85.00	Sep 18	$0.19	$0.19	$0.81	76%	0.23	$84.19

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$81.50	$81.00	Sep 2	$0.13	$0.13	$0.37	67%	0.35	$81.37
$81.00	$80.50	Sep 4	$0.10	$0.10	$0.40	74%	0.25	$80.90
$80.00	$79.00	Sep 18	$0.13	$0.13	$0.87	80%	0.15	$79.87
$82.00	$81.50	Aug 26	$0.11	$0.11	$0.39	66%	0.28	$81.89
$82.00	$81.50	Sep 4	$0.19	$0.19	$0.31	54%	0.61	$81.81

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

CALLS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$82.50	Aug 21	Aug 24	$0.10	12.6%	9.5%

PUTS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$82.50	Aug 21	Aug 24	$0.09	12.5%	9.5%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 208 found (cheapest 0.55% of stock, avg 4.09%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$82.50	Aug 21	$0.20	$0.25	$0.45	$82.05	$82.95	0.55%
$82.00	Aug 21	$0.53	$0.09	$0.62	$81.38	$82.62	0.75%
$82.50	Aug 24	$0.30	$0.34	$0.64	$81.86	$83.14	0.78%
$83.00	Aug 21	$0.05	$0.62	$0.67	$82.33	$83.67	0.81%
$82.00	Aug 24	$0.61	$0.15	$0.76	$81.24	$82.76	0.92%
$83.00	Aug 24	$0.12	$0.66	$0.78	$82.22	$83.78	0.95%
$82.50	Aug 26	$0.42	$0.44	$0.86	$81.64	$83.36	1.04%
$83.00	Aug 26	$0.21	$0.74	$0.95	$82.05	$83.95	1.15%
$82.00	Aug 26	$0.72	$0.24	$0.96	$81.04	$82.96	1.16%
$81.50	Aug 21	$0.97	$0.03	$1.00	$80.50	$82.50	1.21%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 254 found (cheapest 0.06% of stock, avg 0.91%)

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. 16 found (best R:R 1.50, 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	$0.30	$0.20	36%	1.50	$80.20	$83.80
80/80	84/85	Oct 2	$0.23	$0.27	46%	0.85	$80.27	$84.73
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
80/80	84/84	Oct 2	$0.25	$0.25	41%	1.00	$80.25	$84.25
80/81	83/84	Sep 4	$0.26	$0.24	39%	1.08	$80.74	$83.26
80/81	84/84	Sep 11	$0.24	$0.26	42%	0.92	$80.76	$83.74
80/81	84/84	Sep 4	$0.21	$0.29	48%	0.72	$80.79	$83.71
81/82	83/84	Sep 2	$0.28	$0.22	33%	1.27	$81.22	$83.28
82/82	83/84	Aug 26	$0.22	$0.28	36%	0.79	$81.78	$83.22

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 97 found (best R:R 9.00, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$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	22%	13.29
$80.00	$81.00	$82.00	Sep 18	$0.13	$0.87	31%	6.69
$81.00	$82.00	$83.00	Sep 18	$0.15	$0.85	33%	5.67
$81.50	$82.00	$82.50	Aug 21	$0.11	$0.39	46%	3.55

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$81.50	$82.00	$82.50	Aug 21	$0.10	$0.40	47%	4.00
$80.00	$81.00	$82.00	Sep 30	$0.11	$0.89	25%	8.09
$82.50	$83.00	$83.50	Aug 21	$0.10	$0.40	42%	4.00
$79.00	$80.00	$81.00	Sep 18	$0.08	$0.92	19%	11.50
$80.00	$81.00	$82.00	Sep 18	$0.13	$0.87	27%	6.69

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 149 found (best net $-1.79, 140 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$70.00	$75.00	1:2	Sep 11	-$2.54	$2.46
$75.00	$78.00	1:2	Aug 24	-$1.51	$1.49
$75.00	$78.00	1:2	Sep 2	-$1.56	$1.44
$71.00	$75.00	1:2	Sep 2	-$3.48	$0.52
$71.00	$75.00	1:2	Sep 18	-$3.54	$0.46

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$93.00	$88.50	1:2	Sep 25	-$1.79	$2.71
$85.50	$84.00	1:2	Sep 2	-$0.51	$0.99
$83.50	$83.00	1:2	Aug 21	-$0.15	$0.35
$85.00	$84.00	1:2	Aug 31	-$0.67	$0.33
$83.50	$83.00	1:2	Aug 24	-$0.22	$0.28

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 65 found (best yield 1.42%, avg 0.41%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$82.50	Oct 2	$1.17	0.46	0.1%	1.42%	1.50%	122	192
$83.00	Oct 2	$0.93	0.40	0.7%	1.13%	1.82%	131	1.3K
$83.00	Sep 30	$0.92	0.41	0.7%	1.12%	1.81%	2.2K	10.9K
$82.50	Sep 25	$1.08	0.46	0.1%	1.31%	1.40%	533	5.8K
$83.50	Oct 2	$0.73	0.34	1.3%	0.89%	2.18%	--	282
$83.00	Sep 25	$0.84	0.40	0.7%	1.02%	1.71%	251	1.1K
$84.00	Sep 30	$0.55	0.29	1.9%	0.67%	2.57%	478	55.6K
$84.00	Oct 2	$0.56	0.28	1.9%	0.68%	2.58%	5	324
$83.50	Sep 25	$0.63	0.33	1.3%	0.76%	2.06%	623	567
$83.00	Sep 18	$0.70	0.39	0.7%	0.85%	1.54%	28.8K	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 256,580

Total Puts 211,495

Put/Call Ratio 0.82

Net Difference 45,085

Prior's Put/Call Breakdown

Total Calls 379,603

Total Puts 145,316

Put/Call Ratio 0.38

Net Difference 234,287

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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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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