TLT - Options Database

TLT

iShares 20+ Year Treasury Bond ETF

$81.99 -0.43%

(8/21 12:00) ◀

Friday, August 21, 2026 (1:00pm)

▶ (8/21 14:01)

◀ 8/21 13:01 ▶

Option Volume

Detail

ℹ

Current (08/21 1:00pm) 384,845

Calls: 130,979 (34%)

Puts: 253,866 (66%)

Prior (08/20) 328,804

Calls: 183,309 (56%)

Puts: 145,495 (44%)

Current vs Prior +17.04%

Calls: -28.55% (Calls)

Puts: +74.48% (Puts)

Prior 7-Day Total 3,398,257

Calls: 1,879,022 (55%)

Puts: 1,519,235 (45%)

Prior 7-Day Average 485,465

Calls: 268,431 (55%)

Puts: 217,033 (45%)

Current vs Prior 7-Day Avg -20.73%

Calls: -51.21%

Puts: +16.97%

Sentiment BEARISH

Dollar Volume

Detail

ℹ

Current (08/21 1:00pm) $24.65M

Calls: $7.60M (31%)

Puts: $17.05M (69%)

Prior (08/20) $17.99M

Calls: $8.31M (46%)

Puts: $9.69M (54%)

Current vs Prior +36.99%

Calls: -8.46%

Puts: +75.95%

Prior 7-Day Total $343.84M

Calls: $234.16M (68%)

Puts: $109.68M (32%)

Prior 7-Day Average $49.12M

Calls: $33.45M (68%)

Puts: $15.67M (32%)

Current vs Prior 7-Day Avg -49.82%

Calls: -77.27%

Puts: +8.79%

Sentiment BEARISH

Put/Call Ratio

Detail

ℹ

Current (08/21 1:00pm) 1.94

Prior (08/20) 0.79

Current vs Prior +144.20%

Prior 7-Day Average 0.84

Current vs Prior 7-Day Avg +130.42%

Sentiment BEARISH

Open Interest

Detail

ℹ

Current (08/21 1:00pm) 3,692,834

Calls: 2,163,209 (59%)

Puts: 1,529,625 (41%)

Prior (08/20) 3,616,060

Calls: 2,065,821 (57%)

Puts: 1,550,239 (43%)

Current vs Prior +2.12%

Prior 7-Day Total 23,914,602

Calls: 13,243,625 (55%)

Puts: 10,670,977 (45%)

Prior 7-Day Average 3,416,371

Calls: 1,891,946 (55%)

Puts: 1,524,425 (45%)

Current vs Prior 7-Day Avg +8.09%

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 0.72% | 1.00%0.72% | 1.59%0.72% | 3.20%

Prior 0.91% | 1.12%0.91% | 1.65%0.91% | 3.17%

Current vs Prior -20.98% | -10.47%-20.98% | -3.98%-20.98% | +0.84%

Prior 7-Day Avg 0.94% | 1.16%1.00% | 1.61%0.86% | 3.26%

Current vs 7-Day Avg -23.63% | -14.04%-28.18% | -1.33%-16.54% | -2.09%

Prior 7-Day Eod 0.91% | 1.12%0.90% | 1.65%0.90% | 3.17%

Current vs 7-Day Eod -20.98% | -10.47%-19.93% | -4.00%-19.93% | +0.81%

Sentiment BULLISHBULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 11.55% | 7.62%

Calls: 12.00% | 6.90%

Puts: 11.11% | 8.33%

Prior 3.89% | 3.46%

Calls: 4.65% | 1.92%

Puts: 3.13% | 5.00%

Current vs Prior +196.92% | +120.23%

Prior 7-Day Avg 6.04% | 3.53%

Calls: 5.46% | 3.14%

Puts: 6.63% | 3.91%

Current vs 7-Day Avg +91.13% | +115.95%

Liquidity Expensive

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🤖 AI Insights

Moderately bearish flow with 69% put dollar volume ($17.05M). Extreme bearish P/C ratio of 1.94 - heavy put buying. P/C ratio rising 144% - increased hedging/bearish positioning.

Smart Money BEARISH

Retail Flow BEARISH

Overall BEARISH

Dollar Volume

Option Volume

Put/Call Ratio

Open Interest

Expected Move

Current BEARISH

Prior BEARISH

7-Day Avg BULLISH

Current BEARISH

Prior BULLISH

7-Day Avg NEUTRAL

Current BEARISH

Prior NEUTRAL

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
13:00	BEARISH	BEARISH	BEARISH
12:00	BEARISH	BEARISH	BEARISH
11:00	BEARISH	NEUTRAL	MIXED
10:00	BEARISH	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 369 of results (avg 2.8%, best 0.6%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$81.00	Sep 25	1.69	1.70	$1.69	0.6%	175	0.63	315
$81.00	Sep 18	1.54	1.55	$1.55	0.6%	2.6K	0.65	9.0K
$81.00	Sep 11	1.40	1.41	$1.40	0.7%	547	0.68	686
$81.00	Sep 2	1.25	1.26	$1.25	0.8%	401	0.74	408
$82.00	Sep 30	1.18	1.19	$1.19	0.8%	693	0.47	8.3K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$83.00	Sep 11	1.59	1.60	$1.60	0.6%	72	0.71	2.0K
$83.50	Oct 2	2.31	2.33	$2.32	0.9%	2	0.71	113
$81.50	Oct 2	1.12	1.13	$1.13	0.9%	10	0.49	216
$82.50	Sep 2	1.06	1.07	$1.07	0.9%	1.5K	0.67	321
$82.00	Sep 18	1.06	1.07	$1.07	0.9%	12.6K	0.54	129.8K

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 164 found (avg $0.33, cheapest $0.09)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.00	Aug 21	0.08	0.09	$0.09	11.1%	5.9K	0.50	14.0K
$82.50	Aug 24	0.07	0.08	$0.08	12.5%	1.3K	0.21	1.4K
$82.00	Aug 24	0.24	0.25	$0.25	4.0%	2.5K	0.48	1.3K
$81.50	Aug 21	0.47	0.53	$0.50	12.0%	243	0.96	4.9K
$83.00	Aug 26	0.08	0.09	$0.09	11.1%	2.6K	0.16	5.5K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.00	Aug 21	0.08	0.09	$0.09	11.1%	18.0K	0.51	48.9K
$81.50	Aug 24	0.07	0.08	$0.08	12.5%	868	0.22	3.4K
$82.00	Aug 24	0.23	0.25	$0.24	8.3%	2.1K	0.52	2.2K
$81.00	Aug 26	0.07	0.08	$0.08	12.5%	786	0.15	677
$82.50	Aug 21	0.49	0.55	$0.52	11.5%	3.2K	0.91	21.7K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 271 found (avg delta 0.89, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$70.00	Aug 24	11.90	12.10	$12.00	1.7%	5	1.00	--
$75.00	Aug 24	6.90	7.10	$7.00	2.9%	--	1.00	49
$78.00	Aug 24	3.95	4.10	$4.03	3.7%	4	1.00	20
$79.00	Aug 24	2.97	3.10	$3.04	4.3%	4	1.00	30
$80.00	Aug 24	1.99	2.04	$2.02	2.5%	1	1.00	57

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$83.50	Aug 21	1.50	1.52	$1.51	1.3%	76	1.00	577
$84.00	Aug 21	1.98	2.03	$2.01	2.5%	46	1.00	17.0K
$84.50	Aug 21	2.48	2.54	$2.51	2.4%	22	1.00	3
$85.00	Aug 21	2.98	3.05	$3.01	2.3%	66	1.00	7.8K
$85.50	Aug 21	3.40	3.55	$3.47	4.3%	30	1.00	4

Most actively traded options today. High liquidity = easy entry/exit. 418 active (total vol 384.3K, top 66.3K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$85.00	Sep 18	0.16	0.17	$0.17	5.9%	24.4K	0.12	84.9K
$83.00	Sep 18	0.55	0.56	$0.56	1.8%	15.2K	0.32	76.1K
$84.00	Sep 18	0.29	0.30	$0.30	3.3%	11.4K	0.20	55.7K
$82.00	Aug 21	0.08	0.09	$0.09	11.1%	5.9K	0.50	14.0K
$82.50	Aug 28	0.29	0.31	$0.30	6.7%	5.4K	0.35	14.2K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$80.00	Sep 18	0.37	0.38	$0.38	2.6%	66.3K	0.25	66.4K
$81.00	Sep 18	0.64	0.65	$0.65	1.5%	66.2K	0.38	133.8K
$83.00	Sep 18	1.67	1.69	$1.68	1.2%	27.6K	0.68	78.1K
$82.00	Aug 21	0.08	0.09	$0.09	11.1%	18.0K	0.51	48.9K
$82.00	Sep 18	1.06	1.07	$1.07	0.9%	12.6K	0.54	129.8K

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 2.9%, max 4.4%)

CALLS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$82.00	Aug 21	Oct 2	13.5%	12.9%	4.4%	6.0K	14.4K

PUTS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$82.00	Aug 21	Oct 2	13.1%	12.9%	1.3%	18.1K	49.5K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 91 found (best R:R 1.38, avg 1.95)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$81.50	$82.00	Aug 24	$0.33	$0.17	$0.33	79%	0.52	$81.83
$84.00	$85.00	Sep 18	$0.13	$0.87	$0.13	20%	6.69	$84.13
$81.50	$82.00	Aug 26	$0.31	$0.19	$0.31	70%	0.61	$81.81
$83.50	$84.00	Sep 25	$0.12	$0.38	$0.12	28%	3.17	$83.62
$85.00	$86.00	Sep 30	$0.11	$0.89	$0.11	16%	8.09	$85.11

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$82.00	$81.00	Sep 30	$0.42	$0.58	$0.42	53%	1.38	$81.58
$82.00	$81.00	Sep 18	$0.42	$0.58	$0.42	54%	1.38	$81.58
$81.50	$81.00	Sep 25	$0.19	$0.31	$0.19	47%	1.63	$81.31
$81.00	$80.50	Oct 2	$0.17	$0.33	$0.17	42%	1.94	$80.83
$82.50	$82.00	Aug 24	$0.33	$0.17	$0.33	79%	0.52	$82.17

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 53 found (best R:R 0.35, avg 0.46)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$83.00	$84.00	Sep 18	$0.26	$0.26	$0.74	68%	0.35	$83.26
$82.00	$83.00	Sep 30	$0.43	$0.43	$0.57	53%	0.75	$82.43
$83.00	$84.00	Sep 30	$0.30	$0.30	$0.70	65%	0.43	$83.30
$82.00	$82.50	Oct 2	$0.24	$0.24	$0.26	54%	0.92	$82.24
$82.00	$82.50	Sep 25	$0.24	$0.24	$0.26	53%	0.92	$82.24

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$80.50	$80.00	Sep 4	$0.10	$0.10	$0.40	75%	0.25	$80.40
$80.00	$79.00	Sep 18	$0.17	$0.17	$0.83	75%	0.20	$79.83
$81.50	$81.00	Sep 2	$0.18	$0.18	$0.32	57%	0.56	$81.32
$81.50	$81.00	Aug 28	$0.12	$0.12	$0.38	66%	0.32	$81.38
$81.00	$80.50	Sep 2	$0.12	$0.12	$0.38	69%	0.32	$80.88

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $0.15, cheapest $0.16)

CALLS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$82.00	Aug 21	Aug 24	$0.16	13.5%	7.6%

PUTS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$82.00	Aug 21	Aug 24	$0.15	13.1%	7.6%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 225 found (cheapest 0.22% of stock, avg 4.36%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$82.00	Aug 21	$0.09	$0.09	$0.18	$81.82	$82.18	0.22%
$82.00	Aug 24	$0.25	$0.24	$0.49	$81.51	$82.49	0.60%
$81.50	Aug 21	$0.50	$0.01	$0.51	$80.99	$82.01	0.62%
$82.50	Aug 21	$0.02	$0.52	$0.54	$81.96	$83.04	0.66%
$82.50	Aug 24	$0.08	$0.57	$0.65	$81.85	$83.15	0.79%
$81.50	Aug 24	$0.58	$0.08	$0.66	$80.84	$82.16	0.80%
$82.00	Aug 26	$0.39	$0.37	$0.76	$81.24	$82.76	0.93%
$82.50	Aug 26	$0.19	$0.67	$0.86	$81.64	$83.36	1.05%
$81.50	Aug 26	$0.70	$0.18	$0.88	$80.62	$82.38	1.07%
$82.00	Aug 28	$0.52	$0.47	$0.99	$81.01	$82.99	1.21%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 233 found (cheapest 0.07% of stock, avg 0.97%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$83.00	$81.00	Aug 24	$0.03	$0.03	$0.06	$80.94	$83.06
$83.50	$80.50	Aug 26	$0.05	$0.04	$0.09	$80.41	$83.59
$84.50	$80.00	Aug 28	$0.04	$0.05	$0.09	$79.91	$84.59
$84.00	$80.00	Aug 28	$0.06	$0.05	$0.11	$79.89	$84.11
$82.50	$81.00	Aug 24	$0.08	$0.03	$0.11	$80.89	$82.61
$83.00	$81.50	Aug 24	$0.03	$0.08	$0.11	$81.39	$83.11
$84.50	$80.50	Aug 28	$0.04	$0.08	$0.12	$80.38	$84.62
$83.50	$81.00	Aug 26	$0.05	$0.08	$0.13	$80.87	$83.63
$84.00	$80.00	Aug 31	$0.08	$0.06	$0.14	$79.86	$84.14
$83.00	$80.50	Aug 26	$0.09	$0.04	$0.13	$80.37	$83.13

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 17 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	83/84	Oct 2	$0.29	$0.21	35%	1.38	$79.71	$83.29
80/80	83/84	Sep 25	$0.26	$0.24	39%	1.08	$79.74	$83.26
80/80	84/84	Oct 2	$0.25	$0.25	41%	1.00	$79.75	$83.75
80/80	84/84	Sep 25	$0.20	$0.30	51%	0.67	$79.80	$84.20
80/80	83/84	Sep 11	$0.24	$0.26	42%	0.92	$80.26	$83.24
80/80	84/84	Sep 25	$0.22	$0.28	45%	0.79	$79.78	$83.72
80/80	83/84	Sep 25	$0.28	$0.22	34%	1.27	$80.22	$83.28
80/81	82/83	Sep 2	$0.27	$0.23	35%	1.17	$80.73	$82.77
80/80	84/84	Sep 25	$0.22	$0.28	45%	0.79	$80.28	$84.22
80/80	84/84	Sep 25	$0.24	$0.26	40%	0.92	$80.26	$83.74

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 104 found (best R:R 7.33, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$82.00	$82.50	$83.00	Aug 21	$0.06	$0.44	47%	7.33
$79.00	$80.00	$81.00	Sep 18	$0.10	$0.90	29%	9.00
$79.00	$80.00	$81.00	Sep 30	$0.08	$0.92	25%	11.50
$81.00	$81.50	$82.00	Aug 21	$0.09	$0.41	48%	4.56
$80.00	$81.00	$82.00	Sep 18	$0.16	$0.84	34%	5.25

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$82.00	$82.50	$83.00	Aug 21	$0.06	$0.44	45%	7.33
$81.00	$81.50	$82.00	Aug 21	$0.08	$0.42	49%	5.25
$79.00	$80.00	$81.00	Sep 18	$0.10	$0.90	23%	9.00
$81.00	$81.50	$82.00	Aug 24	$0.11	$0.39	44%	3.55
$81.50	$82.00	$82.50	Aug 24	$0.17	$0.33	58%	1.94

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 $-2.00, 140 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$70.00	$75.00	1:2	Aug 24	-$2.00	$3.00
$70.00	$75.00	1:2	Sep 11	-$2.11	$2.89
$75.00	$78.00	1:2	Aug 24	-$1.06	$1.94
$71.00	$75.00	1:2	Sep 2	-$3.08	$0.92
$71.00	$75.00	1:2	Sep 18	-$3.11	$0.89

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$93.00	$88.50	1:2	Sep 25	-$2.31	$2.19
$87.50	$85.00	1:2	Aug 28	-$0.54	$1.96
$85.50	$84.00	1:2	Sep 2	-$0.86	$0.64
$83.00	$82.50	1:2	Aug 24	-$0.12	$0.38
$82.50	$82.00	1:2	Aug 26	-$0.07	$0.43

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 72 found (best yield 1.45%, avg 0.41%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$82.00	Oct 2	$1.19	0.46	0.0%	1.45%	1.46%	65	440
$82.00	Sep 30	$1.18	0.47	0.0%	1.44%	1.45%	693	8.3K
$82.50	Oct 2	$0.96	0.40	0.6%	1.17%	1.79%	37	212
$83.00	Oct 2	$0.76	0.34	1.2%	0.93%	2.16%	7	1.4K
$82.00	Sep 25	$1.10	0.47	0.0%	1.34%	1.35%	488	1.1K
$83.00	Sep 30	$0.75	0.35	1.2%	0.91%	2.15%	1.1K	10.3K
$82.50	Sep 25	$0.86	0.41	0.6%	1.05%	1.67%	388	6.2K
$83.50	Oct 2	$0.59	0.29	1.8%	0.72%	2.56%	4	282
$83.00	Sep 25	$0.67	0.34	1.2%	0.82%	2.05%	22	1.3K
$82.00	Sep 18	$0.95	0.47	0.0%	1.16%	1.17%	1.0K	75.3K

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 130,979

Total Puts 253,866

Put/Call Ratio 1.94

Net Difference -122,887

Prior's Put/Call Breakdown

Total Calls 183,309

Total Puts 145,495

Put/Call Ratio 0.79

Net Difference 37,814

Prior 7-Day Put/Call Summary

Total Calls 1,879,022

Total Puts 1,519,235

Average Put/Call Ratio 0.84

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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