TLT - Options Database

TLT

iShares 20+ Year Treasury Bond ETF

$82.36 -0.79%

$82.31 (-0.06%)🌙

as of 08/20 04:01 PM

(8/20 15:14) ◀

Thursday, August 20, 2026 (4:00pm)

▶ (8/20 19:10)

◀ 8/20 16:01 ▶

Option Volume

Detail

ℹ

Current (08/20 4:00pm) 613,641

Calls: 325,893 (53%)

Puts: 287,748 (47%)

Prior (08/19) 599,886

Calls: 411,484 (69%)

Puts: 188,402 (31%)

Current vs Prior +2.29%

Calls: -20.80% (Calls)

Puts: +52.73% (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 +31.33%

Calls: +19.26%

Puts: +48.33%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (08/20 4:00pm) $36.37M

Calls: $13.55M (37%)

Puts: $22.82M (63%)

Prior (08/19) $32.74M

Calls: $25.59M (78%)

Puts: $7.15M (22%)

Current vs Prior +11.08%

Calls: -47.06%

Puts: +219.01%

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 -40.64%

Calls: -71.60%

Puts: +68.25%

Sentiment BEARISH

Put/Call Ratio

Detail

ℹ

Current (08/20 4:00pm) 0.88

Prior (08/19) 0.46

Current vs Prior +92.84%

Prior 7-Day Average 0.77

Current vs Prior 7-Day Avg +15.39%

Sentiment NEUTRAL

Open Interest

Detail

ℹ

Current (08/20 4:00pm) 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 0.91% | 1.12%0.91% | 1.65%0.91% | 3.17%

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

Current vs Prior -15.06% | -8.18%-15.06% | +0.80%+40.01% | +0.80%

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

Current vs 7-Day Avg -4.44% | -5.98%-13.79% | +1.30%-2.30% | -4.70%

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

Current vs 7-Day Eod -15.06% | -8.18%-16.00% | +0.07%+51.19% | +1.19%

Sentiment BULLISHBULLISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 3.89% | 3.46%

Calls: 4.65% | 1.92%

Puts: 3.13% | 5.00%

Prior 6.68% | 5.01%

Calls: 6.45% | 5.26%

Puts: 6.90% | 4.76%

Current vs Prior -41.77% | -30.94%

Prior 7-Day Avg 6.20% | 3.57%

Calls: 5.57% | 3.42%

Puts: 6.83% | 3.73%

Current vs 7-Day Avg -37.24% | -3.20%

Liquidity Acceptable

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Moderately bearish flow with 63% put dollar volume ($22.82M). P/C ratio rising 93% - 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
16:00	BEARISH	BULLISH	BULLISH
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 344 of results (avg 3.7%, best 0.9%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$66.00	Aug 21	16.25	16.40	$16.33	0.9%	9	1.00	1
$67.00	Aug 21	15.25	15.40	$15.33	1.0%	19	1.00	--
$81.00	Sep 30	2.01	2.03	$2.02	1.0%	393	0.68	371
$81.00	Sep 25	1.93	1.95	$1.94	1.0%	283	0.69	199
$68.00	Aug 21	14.25	14.40	$14.33	1.0%	18	1.00	3

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$98.00	Sep 18	15.80	16.00	$15.90	1.3%	--	0.99	16
$97.00	Sep 18	14.80	15.00	$14.90	1.3%	--	0.99	298
$97.00	Sep 30	14.80	15.00	$14.90	1.3%	--	0.99	72
$96.00	Sep 18	13.80	14.00	$13.90	1.4%	--	0.99	1.1K
$96.00	Sep 30	13.80	14.00	$13.90	1.4%	--	0.99	56

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 166 found (avg $0.34, cheapest $0.10)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.50	Aug 21	0.14	0.15	$0.15	6.7%	23.6K	0.37	49.5K
$83.00	Aug 24	0.08	0.09	$0.09	11.1%	2.5K	0.19	3.1K
$82.50	Aug 24	0.23	0.24	$0.24	4.2%	939	0.41	1.6K
$82.00	Aug 21	0.42	0.44	$0.43	4.7%	5.1K	0.73	13.7K
$83.50	Aug 26	0.08	0.09	$0.09	11.1%	272	0.15	7.2K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.00	Aug 21	0.09	0.10	$0.10	10.0%	17.4K	0.29	42.2K
$81.50	Aug 24	0.06	0.07	$0.07	14.3%	2.5K	0.15	2.9K
$82.50	Aug 21	0.31	0.32	$0.32	3.1%	17.7K	0.63	20.4K
$82.00	Aug 24	0.17	0.18	$0.18	5.6%	4.1K	0.35	1.8K
$81.00	Aug 26	0.07	0.08	$0.08	12.5%	375	0.13	381

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 249 found (avg delta 0.88, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$66.00	Aug 21	16.25	16.40	$16.33	0.9%	9	1.00	1
$67.00	Aug 21	15.25	15.40	$15.33	1.0%	19	1.00	--
$68.00	Aug 21	14.25	14.40	$14.33	1.0%	18	1.00	3
$70.00	Aug 21	12.25	12.40	$12.33	1.2%	--	1.00	164
$71.00	Aug 21	11.25	11.40	$11.33	1.3%	--	1.00	115

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$92.00	Aug 21	9.60	9.75	$9.68	1.5%	30	0.99	20
$89.00	Aug 21	6.60	6.75	$6.68	2.2%	32	0.99	21
$88.00	Aug 21	5.60	5.75	$5.68	2.6%	112	0.99	1.0K
$91.00	Sep 2	8.85	9.00	$8.93	1.7%	--	0.99	48
$95.00	Sep 18	12.80	13.00	$12.90	1.6%	2	0.99	2.0K

Most actively traded options today. High liquidity = easy entry/exit. 447 active (total vol 612.9K, top 96.8K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$85.00	Sep 18	0.18	0.20	$0.19	10.5%	54.6K	0.14	63.0K
$83.00	Sep 18	0.66	0.68	$0.67	3.0%	40.8K	0.37	73.2K
$84.00	Sep 18	0.36	0.37	$0.37	2.7%	40.6K	0.23	30.9K
$83.00	Aug 21	0.03	0.04	$0.04	25.0%	31.9K	0.12	52.6K
$82.50	Aug 21	0.14	0.15	$0.15	6.7%	23.6K	0.37	49.5K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.00	Sep 18	0.90	0.93	$0.92	3.3%	96.8K	0.49	167.1K
$83.00	Sep 18	1.44	1.47	$1.46	2.1%	25.8K	0.64	89.9K
$82.50	Aug 21	0.31	0.32	$0.32	3.1%	17.7K	0.63	20.4K
$82.00	Aug 21	0.09	0.10	$0.10	10.0%	17.4K	0.29	42.2K
$81.00	Sep 18	0.55	0.56	$0.56	1.8%	14.6K	0.34	134.6K

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 21.7%, max 33.7%)

CALLS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$82.00	Aug 21	Oct 2	13.2%	9.9%	33.7%	5.1K	14.2K

PUTS (2)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$82.00	Aug 21	Oct 2	12.9%	9.9%	30.3%	17.5K	42.6K
$82.50	Aug 21	Oct 2	12.8%	12.6%	1.2%	17.7K	20.7K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 99 found (best R:R 0.60, avg 1.96)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$76.00	$78.00	Oct 2	$1.25	$0.75	$1.25	100%	0.60	$77.25
$82.00	$82.50	Aug 21	$0.28	$0.22	$0.28	73%	0.79	$82.28
$84.00	$84.50	Sep 25	$0.11	$0.39	$0.11	26%	3.55	$84.11
$82.00	$82.50	Aug 24	$0.28	$0.22	$0.28	67%	0.79	$82.28
$83.00	$83.50	Sep 11	$0.15	$0.35	$0.15	35%	2.33	$83.15

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$82.00	$81.00	Sep 30	$0.37	$0.63	$0.37	49%	1.70	$81.63
$83.00	$82.00	Sep 30	$0.52	$0.48	$0.52	61%	0.92	$82.48
$82.00	$81.00	Sep 18	$0.36	$0.64	$0.36	49%	1.78	$81.64
$83.00	$82.00	Sep 18	$0.54	$0.46	$0.54	64%	0.85	$82.46
$82.00	$81.50	Sep 25	$0.20	$0.30	$0.20	49%	1.50	$81.80

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 58 found (best R:R 0.54, avg 0.44)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$83.00	$84.00	Sep 30	$0.35	$0.35	$0.65	61%	0.54	$83.35
$82.50	$83.00	Sep 4	$0.21	$0.21	$0.29	57%	0.72	$82.71
$83.00	$84.00	Sep 18	$0.30	$0.30	$0.70	63%	0.43	$83.30
$84.00	$85.00	Sep 18	$0.18	$0.18	$0.82	76%	0.22	$84.18
$82.50	$83.00	Oct 2	$0.23	$0.23	$0.27	56%	0.85	$82.73

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	65%	0.28	$81.89
$81.50	$81.00	Aug 28	$0.10	$0.10	$0.40	73%	0.25	$81.40
$82.00	$81.50	Sep 2	$0.20	$0.20	$0.30	52%	0.67	$81.80
$82.00	$81.50	Aug 26	$0.13	$0.13	$0.37	62%	0.35	$81.87
$81.50	$81.00	Sep 2	$0.14	$0.14	$0.36	64%	0.39	$81.36

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

CALLS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$82.50	Aug 21	Aug 24	$0.09	12.5%	9.4%

PUTS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$82.50	Aug 21	Aug 24	$0.08	12.8%	9.4%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 209 found (cheapest 0.57% of stock, avg 4.10%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$82.50	Aug 21	$0.15	$0.32	$0.47	$82.03	$82.97	0.57%
$82.00	Aug 21	$0.43	$0.10	$0.53	$81.47	$82.53	0.64%
$82.50	Aug 24	$0.24	$0.40	$0.64	$81.86	$83.14	0.78%
$82.00	Aug 24	$0.52	$0.18	$0.70	$81.30	$82.70	0.85%
$83.00	Aug 21	$0.04	$0.71	$0.75	$82.25	$83.75	0.91%
$83.00	Aug 24	$0.09	$0.74	$0.83	$82.17	$83.83	1.01%
$82.50	Aug 26	$0.35	$0.50	$0.85	$81.65	$83.35	1.03%
$81.50	Aug 21	$0.87	$0.03	$0.90	$80.60	$82.40	1.09%
$82.00	Aug 26	$0.63	$0.28	$0.91	$81.09	$82.91	1.10%
$81.50	Aug 24	$0.93	$0.07	$1.00	$80.50	$82.50	1.21%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 259 found (cheapest 0.06% of stock, avg 0.90%)

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	$0.04	$0.07	$80.93	$84.07
$83.00	$81.50	Aug 21	$0.04	$0.03	$0.07	$81.43	$83.07
$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
$84.50	$80.00	Aug 28	$0.06	$0.05	$0.11	$79.89	$84.61
$84.00	$81.50	Aug 24	$0.03	$0.07	$0.10	$81.40	$84.10
$83.50	$81.50	Aug 24	$0.05	$0.07	$0.12	$81.38	$83.62
$84.00	$81.00	Aug 26	$0.05	$0.08	$0.13	$80.87	$84.13
$84.50	$80.00	Aug 31	$0.07	$0.07	$0.14	$79.86	$84.64

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 20 found (best R:R 1.38, avg credit $0.27)

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	35%	1.38	$80.21	$83.79
80/80	84/84	Oct 2	$0.26	$0.24	40%	1.08	$80.24	$84.26
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
80/80	84/84	Sep 25	$0.26	$0.24	40%	1.08	$80.24	$83.76
80/81	84/84	Sep 11	$0.24	$0.26	42%	0.92	$80.76	$83.74
80/80	84/84	Sep 25	$0.22	$0.28	46%	0.79	$80.28	$84.22
80/81	84/84	Sep 25	$0.28	$0.22	33%	1.27	$80.72	$83.78
80/81	84/84	Sep 4	$0.20	$0.30	48%	0.67	$80.80	$83.70
80/81	83/84	Sep 11	$0.27	$0.23	34%	1.17	$80.73	$83.27

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 90 found (best R:R 15.67, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$79.00	$80.00	$81.00	Sep 30	$0.06	$0.94	23%	15.67
$80.00	$81.00	$82.00	Sep 18	$0.13	$0.87	33%	6.69
$80.00	$81.00	$82.00	Sep 30	$0.12	$0.88	29%	7.33
$81.50	$82.00	$82.50	Aug 21	$0.16	$0.34	60%	2.12
$82.00	$82.50	$83.00	Aug 21	$0.17	$0.33	61%	1.94

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$82.00	$82.50	$83.00	Aug 21	$0.17	$0.33	59%	1.94
$80.00	$81.00	$82.00	Sep 18	$0.13	$0.87	28%	6.69
$81.50	$82.00	$82.50	Aug 21	$0.15	$0.35	54%	2.33
$81.50	$82.00	$82.50	Aug 24	$0.11	$0.39	44%	3.55
$82.00	$82.50	$83.00	Aug 24	$0.12	$0.38	46%	3.17

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 $-2.40, 146 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$70.00	$75.00	1:2	Sep 11	-$2.40	$2.60
$75.00	$78.00	1:2	Aug 24	-$1.33	$1.67
$75.00	$78.00	1:2	Sep 2	-$1.48	$1.52
$71.00	$75.00	1:2	Sep 2	-$3.38	$0.62
$71.00	$75.00	1:2	Sep 18	-$3.40	$0.60

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$93.00	$88.50	1:2	Sep 25	-$1.96	$2.54
$85.50	$84.00	1:2	Sep 2	-$0.61	$0.89
$83.00	$82.50	1:2	Aug 24	-$0.06	$0.44
$83.50	$83.00	1:2	Aug 21	-$0.23	$0.27
$83.00	$82.00	1:2	Sep 18	-$0.38	$0.62

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 68 found (best yield 1.35%, avg 0.37%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$82.50	Oct 2	$1.11	0.45	0.2%	1.35%	1.52%	122	192
$83.00	Oct 2	$0.88	0.38	0.8%	1.07%	1.85%	231	1.3K
$83.00	Sep 30	$0.87	0.39	0.8%	1.06%	1.83%	2.4K	10.9K
$82.50	Sep 25	$1.02	0.45	0.2%	1.24%	1.41%	543	5.8K
$83.50	Oct 2	$0.69	0.33	1.4%	0.84%	2.22%	--	282
$83.00	Sep 25	$0.79	0.38	0.8%	0.96%	1.74%	477	1.1K
$84.00	Oct 2	$0.53	0.27	2.0%	0.64%	2.63%	8	324
$83.50	Sep 25	$0.60	0.32	1.4%	0.73%	2.11%	2.6K	567
$84.00	Sep 30	$0.52	0.27	2.0%	0.63%	2.62%	527	55.6K
$83.00	Sep 18	$0.66	0.37	0.8%	0.80%	1.58%	40.8K	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 325,893

Total Puts 287,748

Put/Call Ratio 0.88

Net Difference 38,145

Prior's Put/Call Breakdown

Total Calls 411,484

Total Puts 188,402

Put/Call Ratio 0.46

Net Difference 223,082

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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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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