TLT - Options Database

TLT

iShares 20+ Year Treasury Bond ETF

$81.95 -0.48%

(8/21 13:01) ◀

Friday, August 21, 2026 (2:00pm)

▶ (8/21 15:01)

◀ 8/21 14:01 ▶

Option Volume

Detail

ℹ

Current (08/21 2:00pm) 419,861

Calls: 150,553 (36%)

Puts: 269,308 (64%)

Prior (08/20) 377,731

Calls: 212,718 (56%)

Puts: 165,013 (44%)

Current vs Prior +11.15%

Calls: -29.22% (Calls)

Puts: +63.20% (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 -13.51%

Calls: -43.91%

Puts: +24.09%

Sentiment BEARISH

Dollar Volume

Detail

ℹ

Current (08/21 2:00pm) $27.05M

Calls: $8.83M (33%)

Puts: $18.22M (67%)

Prior (08/20) $19.23M

Calls: $9.12M (47%)

Puts: $10.11M (53%)

Current vs Prior +40.68%

Calls: -3.19%

Puts: +80.28%

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 -44.93%

Calls: -73.61%

Puts: +16.30%

Sentiment BEARISH

Put/Call Ratio

Detail

ℹ

Current (08/21 2:00pm) 1.79

Prior (08/20) 0.78

Current vs Prior +130.59%

Prior 7-Day Average 0.84

Current vs Prior 7-Day Avg +112.66%

Sentiment BEARISH

Open Interest

Detail

ℹ

Current (08/21 2:00pm) 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 0.67% | 0.96%0.67% | 1.55%0.67% | 3.18%

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

Current vs Prior -26.30% | -13.70%-26.30% | -6.15%-26.30% | +0.50%

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

Current vs 7-Day Avg -28.77% | -17.14%-33.02% | -3.57%-22.16% | -2.41%

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

Current vs 7-Day Eod -26.30% | -13.70%-25.33% | -6.18%-25.33% | +0.48%

Sentiment BULLISHBULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 10.22% | 5.70%

Calls: 11.36% | 7.55%

Puts: 9.09% | 3.85%

Prior 3.89% | 3.46%

Calls: 4.65% | 1.92%

Puts: 3.13% | 5.00%

Current vs Prior +162.72% | +64.74%

Prior 7-Day Avg 6.04% | 3.53%

Calls: 5.46% | 3.14%

Puts: 6.63% | 3.91%

Current vs 7-Day Avg +69.13% | +61.54%

Liquidity Pricy

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🤖 AI Insights

Moderately bearish flow with 67% put dollar volume ($18.22M). Extreme bearish P/C ratio of 1.79 - heavy put buying. P/C ratio rising 131% - 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
14:00	BEARISH	BEARISH	BEARISH
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 375 of results (avg 3.0%, best 0.5%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$80.50	Sep 25	1.99	2.00	$2.00	0.5%	254	0.70	113
$81.00	Sep 30	1.73	1.74	$1.74	0.6%	343	0.62	564
$81.00	Sep 25	1.64	1.65	$1.65	0.6%	210	0.63	315
$81.00	Sep 18	1.50	1.51	$1.51	0.7%	2.7K	0.64	9.0K
$81.00	Sep 11	1.35	1.36	$1.36	0.7%	1.1K	0.67	686

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.50	Sep 11	1.27	1.28	$1.27	0.8%	1.4K	0.64	445
$82.50	Sep 4	1.16	1.17	$1.17	0.9%	77	0.67	1.6K
$82.50	Sep 2	1.09	1.10	$1.10	0.9%	1.9K	0.68	321
$82.00	Sep 18	1.09	1.10	$1.10	0.9%	13.0K	0.55	129.8K
$98.00	Aug 21	16.00	16.15	$16.08	0.9%	27	1.00	--

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 161 found (avg $0.34, cheapest $0.11)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.50	Aug 24	0.06	0.07	$0.07	14.3%	1.3K	0.19	1.4K
$81.50	Aug 21	0.42	0.47	$0.44	11.4%	411	0.96	4.9K
$82.00	Aug 24	0.20	0.21	$0.21	4.8%	3.3K	0.45	1.3K
$83.00	Aug 26	0.07	0.08	$0.08	12.5%	3.3K	0.15	5.5K
$82.50	Aug 26	0.16	0.17	$0.17	5.9%	1.3K	0.28	1.0K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.00	Aug 21	0.10	0.11	$0.11	9.1%	19.0K	0.63	48.9K
$81.50	Aug 24	0.08	0.09	$0.09	11.1%	901	0.24	3.4K
$82.00	Aug 24	0.25	0.26	$0.26	3.8%	2.4K	0.55	2.2K
$81.00	Aug 26	0.08	0.09	$0.09	11.1%	808	0.17	677
$82.50	Aug 21	0.54	0.58	$0.56	7.1%	3.3K	0.96	21.7K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 272 found (avg delta 0.89, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$66.00	Aug 21	15.85	16.00	$15.93	0.9%	90	1.00	10
$67.00	Aug 21	14.85	15.00	$14.93	1.0%	90	1.00	19
$68.00	Aug 21	13.85	14.00	$13.93	1.1%	68	1.00	19
$69.00	Aug 21	12.85	13.00	$12.93	1.2%	82	1.00	3
$70.00	Aug 21	11.85	12.00	$11.93	1.3%	206	1.00	164

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$97.00	Aug 21	15.00	15.15	$15.08	1.0%	29	1.00	--
$98.00	Aug 21	16.00	16.15	$16.08	0.9%	27	1.00	--
$93.00	Aug 21	11.00	11.15	$11.08	1.4%	18	1.00	5
$94.00	Aug 21	12.00	12.15	$12.08	1.2%	16	1.00	--
$95.00	Aug 21	13.00	13.15	$13.08	1.1%	15	1.00	--

Most actively traded options today. High liquidity = easy entry/exit. 437 active (total vol 419.3K, top 66.6K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$85.00	Sep 18	0.15	0.16	$0.16	6.3%	24.6K	0.12	84.9K
$83.00	Sep 18	0.52	0.53	$0.53	1.9%	15.9K	0.31	76.1K
$84.00	Sep 18	0.28	0.29	$0.29	3.4%	11.8K	0.20	55.7K
$82.00	Aug 21	0.04	0.05	$0.05	20.0%	7.8K	0.37	14.0K
$82.50	Aug 28	0.27	0.28	$0.28	3.6%	5.8K	0.33	14.2K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$81.00	Sep 18	0.65	0.66	$0.66	1.5%	66.6K	0.39	133.8K
$80.00	Sep 18	0.37	0.38	$0.38	2.6%	66.6K	0.25	66.4K
$83.00	Sep 18	1.70	1.72	$1.71	1.2%	28.8K	0.69	78.1K
$82.00	Aug 21	0.10	0.11	$0.11	9.1%	19.0K	0.63	48.9K
$82.00	Sep 18	1.09	1.10	$1.10	0.9%	13.0K	0.55	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 8.1%, max 8.1%)

CALLS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$82.00	Aug 21	Oct 2	13.8%	12.8%	8.1%	7.9K	14.4K

PUTS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$82.00	Aug 21	Oct 2	13.8%	12.8%	8.1%	19.1K	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 1.04, avg 1.91)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$76.00	$77.00	Oct 2	$0.49	$0.51	$0.49	100%	1.04	$76.49
$81.50	$82.00	Aug 24	$0.32	$0.18	$0.32	77%	0.56	$81.82
$81.50	$82.00	Aug 26	$0.30	$0.20	$0.30	69%	0.67	$81.80
$82.50	$83.00	Aug 28	$0.12	$0.38	$0.12	33%	3.17	$82.62
$84.00	$84.50	Oct 2	$0.10	$0.40	$0.10	23%	4.00	$84.10

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$82.00	$81.00	Sep 30	$0.43	$0.57	$0.43	54%	1.33	$81.57
$81.00	$80.50	Sep 25	$0.15	$0.35	$0.15	40%	2.33	$80.85
$83.00	$82.00	Sep 18	$0.61	$0.39	$0.61	69%	0.64	$82.39
$82.00	$81.50	Sep 25	$0.23	$0.27	$0.23	54%	1.17	$81.77
$82.00	$81.00	Sep 18	$0.44	$0.56	$0.44	55%	1.27	$81.56

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 52 found (best R:R 0.67, avg 0.46)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$82.00	$83.00	Sep 18	$0.40	$0.40	$0.60	54%	0.67	$82.40
$82.00	$83.00	Sep 30	$0.42	$0.42	$0.58	53%	0.72	$82.42
$82.00	$82.50	Sep 2	$0.21	$0.21	$0.29	55%	0.72	$82.21
$83.00	$84.00	Sep 30	$0.29	$0.29	$0.71	66%	0.41	$83.29
$82.50	$83.00	Oct 2	$0.20	$0.20	$0.30	60%	0.67	$82.70

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$81.50	$81.00	Aug 28	$0.13	$0.13	$0.37	65%	0.35	$81.37
$81.50	$81.00	Sep 2	$0.19	$0.19	$0.31	56%	0.61	$81.31
$80.50	$80.00	Sep 4	$0.10	$0.10	$0.40	75%	0.25	$80.40
$81.50	$81.00	Aug 26	$0.10	$0.10	$0.40	68%	0.25	$81.40
$80.00	$79.00	Sep 18	$0.17	$0.17	$0.83	75%	0.20	$79.83

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

CALLS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$82.00	Aug 21	Aug 24	$0.16	13.8%	8.0%

PUTS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$82.00	Aug 21	Aug 24	$0.15	13.8%	8.0%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 225 found (cheapest 0.20% of stock, avg 4.35%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$82.00	Aug 21	$0.05	$0.11	$0.16	$81.84	$82.16	0.20%
$81.50	Aug 21	$0.44	$0.01	$0.45	$81.05	$81.95	0.55%
$82.00	Aug 24	$0.21	$0.26	$0.47	$81.53	$82.47	0.57%
$82.50	Aug 21	$0.01	$0.56	$0.57	$81.93	$83.07	0.70%
$81.50	Aug 24	$0.53	$0.09	$0.62	$80.88	$82.12	0.76%
$82.50	Aug 24	$0.07	$0.62	$0.69	$81.81	$83.19	0.84%
$82.00	Aug 26	$0.36	$0.39	$0.75	$81.25	$82.75	0.92%
$81.50	Aug 26	$0.66	$0.19	$0.85	$80.65	$82.35	1.04%
$82.50	Aug 26	$0.17	$0.70	$0.87	$81.63	$83.37	1.06%
$81.00	Aug 21	$0.95	$0.01	$0.96	$80.04	$81.96	1.17%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 233 found (cheapest 0.07% of stock, avg 0.94%)

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
$84.00	$80.00	Aug 28	$0.06	$0.04	$0.10	$79.90	$84.10
$82.50	$81.00	Aug 24	$0.07	$0.03	$0.10	$80.90	$82.60
$83.00	$80.50	Aug 26	$0.08	$0.04	$0.12	$80.38	$83.12
$84.00	$80.00	Aug 31	$0.07	$0.06	$0.13	$79.87	$84.13
$84.00	$79.00	Sep 2	$0.08	$0.05	$0.13	$78.87	$84.13
$83.50	$80.00	Aug 28	$0.09	$0.04	$0.13	$79.87	$83.63
$84.00	$80.50	Aug 28	$0.06	$0.08	$0.14	$80.36	$84.14
$83.00	$81.50	Aug 24	$0.03	$0.09	$0.12	$81.38	$83.12

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 17 found (best R:R 1.38, avg credit $0.30)

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	84/84	Oct 2	$0.26	$0.24	41%	1.08	$79.74	$83.76
80/80	83/84	Sep 25	$0.26	$0.24	40%	1.08	$79.74	$83.26
80/80	84/84	Sep 25	$0.23	$0.27	46%	0.85	$79.77	$83.73
80/80	84/84	Oct 2	$0.23	$0.27	46%	0.85	$79.77	$84.23
80/80	83/84	Sep 25	$0.28	$0.22	34%	1.27	$80.22	$83.28
80/80	84/84	Sep 25	$0.25	$0.25	40%	1.00	$80.25	$83.75
80/80	82/83	Sep 4	$0.24	$0.26	41%	0.92	$80.26	$82.74
80/80	83/84	Sep 11	$0.23	$0.27	43%	0.85	$80.27	$83.23
80/81	82/83	Sep 2	$0.26	$0.24	35%	1.08	$80.74	$82.76

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 91 found (best R:R 4.00, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$81.00	$81.50	$82.00	Aug 21	$0.12	$0.38	63%	3.17
$80.00	$81.00	$82.00	Sep 18	$0.15	$0.85	35%	5.67
$79.00	$80.00	$81.00	Sep 30	$0.09	$0.91	26%	10.11
$80.00	$81.00	$82.00	Sep 30	$0.12	$0.88	30%	7.33
$81.50	$82.00	$82.50	Aug 21	$0.35	$0.15	92%	0.43

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$81.00	$81.50	$82.00	Aug 21	$0.10	$0.40	60%	4.00
$81.50	$82.00	$82.50	Aug 21	$0.35	$0.15	92%	0.43
$82.00	$82.50	$83.00	Aug 21	$0.06	$0.44	34%	7.33
$81.00	$81.50	$82.00	Aug 24	$0.11	$0.39	47%	3.55
$79.00	$80.00	$81.00	Sep 18	$0.11	$0.89	24%	8.09

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 147 found (best net $-1.95, 136 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$70.00	$75.00	1:2	Aug 24	-$1.95	$3.05
$70.00	$75.00	1:2	Sep 11	-$2.00	$3.00
$75.00	$78.00	1:2	Aug 24	-$0.95	$2.05
$71.00	$75.00	1:2	Sep 2	-$3.00	$1.00
$71.00	$75.00	1:2	Sep 18	-$3.06	$0.94

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$93.00	$88.50	1:2	Sep 25	-$2.36	$2.14
$87.50	$85.00	1:2	Aug 28	-$0.58	$1.92
$85.50	$84.00	1:2	Sep 2	-$0.93	$0.57
$83.00	$82.50	1:2	Aug 21	-$0.05	$0.45
$83.00	$82.50	1:2	Aug 24	-$0.16	$0.34

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 69 found (best yield 1.40%, avg 0.40%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$82.00	Sep 30	$1.15	0.47	0.1%	1.40%	1.46%	699	8.3K
$82.00	Oct 2	$1.15	0.46	0.1%	1.40%	1.46%	79	440
$82.50	Oct 2	$0.93	0.40	0.7%	1.13%	1.81%	59	212
$83.00	Oct 2	$0.73	0.34	1.3%	0.89%	2.17%	7	1.4K
$82.00	Sep 25	$1.06	0.47	0.1%	1.29%	1.35%	492	1.1K
$83.00	Sep 30	$0.72	0.34	1.3%	0.88%	2.16%	1.1K	10.3K
$82.50	Sep 25	$0.83	0.40	0.7%	1.01%	1.68%	388	6.2K
$83.50	Oct 2	$0.57	0.28	1.9%	0.70%	2.59%	4	282
$83.00	Sep 25	$0.64	0.33	1.3%	0.78%	2.06%	568	1.3K
$82.00	Sep 18	$0.92	0.46	0.1%	1.12%	1.18%	1.3K	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 150,553

Total Puts 269,308

Put/Call Ratio 1.79

Net Difference -118,755

Prior's Put/Call Breakdown

Total Calls 212,718

Total Puts 165,013

Put/Call Ratio 0.78

Net Difference 47,705

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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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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