TLT - Options Database

TLT

iShares 20+ Year Treasury Bond ETF

$82.00 -0.42%

(8/21 14:01) ◀

Friday, August 21, 2026 (3:00pm)

▶ (8/21 15:26)

◀ 8/21 15:01 ▶

Option Volume

Detail

ℹ

Current (08/21 3:00pm) 449,764

Calls: 170,353 (38%)

Puts: 279,411 (62%)

Prior (08/20) 468,075

Calls: 256,580 (55%)

Puts: 211,495 (45%)

Current vs Prior -3.91%

Calls: -33.61% (Calls)

Puts: +32.11% (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 -7.35%

Calls: -36.54%

Puts: +28.74%

Sentiment BEARISH

Dollar Volume

Detail

ℹ

Current (08/21 3:00pm) $27.55M

Calls: $9.64M (35%)

Puts: $17.90M (65%)

Prior (08/20) $26.89M

Calls: $11.21M (42%)

Puts: $15.68M (58%)

Current vs Prior +2.43%

Calls: -14.00%

Puts: +14.19%

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 -43.92%

Calls: -71.17%

Puts: +14.25%

Sentiment BEARISH

Put/Call Ratio

Detail

ℹ

Current (08/21 3:00pm) 1.64

Prior (08/20) 0.82

Current vs Prior +98.98%

Prior 7-Day Average 0.84

Current vs Prior 7-Day Avg +94.99%

Sentiment BEARISH

Open Interest

Detail

ℹ

Current (08/21 3:00pm) 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 0.15% | 0.56%0.15% | 1.18%0.15% | 2.44%

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

Current vs Prior -83.93% | -49.78%-83.93% | -28.37%-83.93% | -23.04%

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

Current vs 7-Day Avg -84.47% | -51.78%-85.40% | -26.39%-83.03% | -25.27%

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

Current vs 7-Day Eod -83.93% | -49.78%-83.72% | -28.38%-83.72% | -23.06%

Sentiment BULLISHBULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 16.67% | 4.35%

Calls: 16.67% | 4.35%

Puts: 16.67% | 4.35%

Prior 3.89% | 3.46%

Calls: 4.65% | 1.92%

Puts: 3.13% | 5.00%

Current vs Prior +328.53% | +25.72%

Prior 7-Day Avg 6.04% | 3.53%

Calls: 5.46% | 3.14%

Puts: 6.63% | 3.91%

Current vs 7-Day Avg +175.86% | +23.28%

Liquidity Acceptable

Add Card

🤖 AI Insights

Moderately bearish flow with 65% put dollar volume ($17.90M). Extreme bearish P/C ratio of 1.64 - heavy put buying. P/C ratio rising 99% - 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 NEUTRAL

7-Day Avg NEUTRAL

Current BEARISH

Prior NEUTRAL

7-Day Avg NEUTRAL

Current BULLISH

Prior BULLISH

7-Day Avg NEUTRAL

Current BULLISH

Prior BULLISH

7-Day Avg BULLISH

Sentiment Timeline (Today)

Time	Smart Money	Retail	Overall
15:00	BEARISH	BEARISH	BEARISH
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 374 of results (avg 2.8%, best 0.6%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$81.00	Sep 25	1.67	1.68	$1.67	0.6%	210	0.64	315
$66.00	Aug 21	15.95	16.05	$16.00	0.6%	90	1.00	10
$67.00	Aug 21	14.95	15.05	$15.00	0.7%	90	1.00	19
$68.00	Aug 21	13.95	14.05	$14.00	0.7%	68	1.00	19
$69.00	Aug 21	12.95	13.05	$13.00	0.8%	82	1.00	3

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$98.00	Aug 21	15.95	16.05	$16.00	0.6%	27	1.00	--
$97.00	Aug 21	14.95	15.05	$15.00	0.7%	29	1.00	--
$96.00	Aug 21	13.95	14.05	$14.00	0.7%	31	1.00	--
$95.00	Aug 21	12.95	13.05	$13.00	0.8%	15	1.00	--
$82.50	Sep 11	1.23	1.24	$1.23	0.8%	1.4K	0.63	445

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 157 found (avg $0.33, cheapest $0.06)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.00	Aug 21	0.05	0.06	$0.06	16.7%	8.8K	0.50	14.0K
$82.50	Aug 24	0.06	0.07	$0.07	14.3%	1.6K	0.20	1.4K
$82.00	Aug 24	0.22	0.23	$0.23	4.3%	3.4K	0.48	1.3K
$81.50	Aug 21	0.48	0.53	$0.51	9.8%	435	0.96	4.9K
$83.00	Aug 26	0.07	0.08	$0.08	12.5%	3.3K	0.15	5.5K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.00	Aug 21	0.05	0.06	$0.06	16.7%	19.6K	0.50	48.9K
$81.50	Aug 24	0.06	0.07	$0.07	14.3%	1.1K	0.20	3.4K
$82.00	Aug 24	0.22	0.23	$0.23	4.3%	2.6K	0.52	2.2K
$81.00	Aug 26	0.06	0.07	$0.07	14.3%	819	0.14	677
$82.50	Aug 21	0.49	0.52	$0.51	5.9%	3.3K	0.96	21.7K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 270 found (avg delta 0.90, 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	6.95	7.05	$7.00	1.4%	--	1.00	49
$78.00	Aug 24	3.95	4.05	$4.00	2.5%	4	1.00	20
$79.00	Aug 24	2.98	3.10	$3.04	3.9%	4	1.00	30
$80.00	Aug 24	1.98	2.03	$2.01	2.5%	102	1.00	57

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$83.00	Aug 21	0.99	1.02	$1.00	3.0%	1.5K	1.00	54.3K
$83.50	Aug 21	1.48	1.52	$1.50	2.7%	80	1.00	577
$84.00	Aug 21	1.98	2.02	$2.00	2.0%	93	1.00	17.0K
$84.50	Aug 21	2.48	2.53	$2.51	2.0%	28	1.00	3
$85.00	Aug 21	2.98	3.05	$3.01	2.3%	77	1.00	7.8K

Most actively traded options today. High liquidity = easy entry/exit. 448 active (total vol 449.2K, top 67.1K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$85.00	Sep 18	0.15	0.16	$0.16	6.3%	24.7K	0.12	84.9K
$83.00	Sep 18	0.53	0.54	$0.54	1.9%	16.8K	0.32	76.1K
$84.00	Sep 18	0.28	0.29	$0.29	3.4%	12.2K	0.20	55.7K
$82.50	Aug 28	0.28	0.29	$0.29	3.4%	9.6K	0.34	14.2K
$82.00	Aug 21	0.05	0.06	$0.06	16.7%	8.8K	0.50	14.0K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$81.00	Sep 18	0.62	0.63	$0.63	1.6%	67.1K	0.38	133.8K
$80.00	Sep 18	0.35	0.36	$0.36	2.8%	67.0K	0.24	66.4K
$83.00	Sep 18	1.66	1.68	$1.67	1.2%	29.6K	0.68	78.1K
$82.00	Aug 21	0.05	0.06	$0.06	16.7%	19.6K	0.50	48.9K
$82.00	Sep 18	1.05	1.06	$1.06	0.9%	13.2K	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 11.4%, max 11.4%)

CALLS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$82.00	Aug 21	Oct 2	14.2%	12.7%	11.4%	8.8K	14.4K

PUTS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$82.00	Aug 21	Oct 2	14.2%	12.7%	11.4%	19.7K	49.5K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 88 found (best R:R 1.38, avg 1.88)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$81.50	$82.00	Aug 26	$0.31	$0.19	$0.31	71%	0.61	$81.81
$84.00	$84.50	Oct 2	$0.10	$0.40	$0.10	24%	4.00	$84.10
$81.50	$82.00	Aug 28	$0.30	$0.20	$0.30	67%	0.67	$81.80
$84.00	$85.00	Sep 18	$0.13	$0.87	$0.13	20%	6.69	$84.13
$83.00	$83.50	Sep 25	$0.15	$0.35	$0.15	34%	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	$0.42	$0.58	$0.42	53%	1.38	$81.58
$81.00	$80.00	Sep 30	$0.28	$0.72	$0.28	40%	2.57	$80.72
$82.50	$82.00	Aug 24	$0.33	$0.17	$0.33	80%	0.52	$82.17
$82.00	$81.00	Sep 18	$0.43	$0.57	$0.43	54%	1.33	$81.57
$81.50	$81.00	Sep 25	$0.19	$0.31	$0.19	47%	1.63	$81.31

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 40 found (best R:R 0.33, avg 0.39)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$83.00	$84.00	Sep 18	$0.25	$0.25	$0.75	68%	0.33	$83.25
$83.00	$84.00	Sep 30	$0.29	$0.29	$0.71	65%	0.41	$83.29
$84.00	$85.00	Sep 30	$0.19	$0.19	$0.81	76%	0.23	$84.19
$82.50	$83.00	Oct 2	$0.20	$0.20	$0.30	60%	0.67	$82.70
$83.50	$84.00	Sep 25	$0.13	$0.13	$0.37	72%	0.35	$83.63

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$81.50	$81.00	Aug 26	$0.10	$0.10	$0.40	71%	0.25	$81.40
$80.00	$79.00	Sep 18	$0.17	$0.17	$0.83	76%	0.20	$79.83
$81.00	$80.50	Sep 4	$0.14	$0.14	$0.36	66%	0.39	$80.86
$80.00	$79.00	Sep 30	$0.20	$0.20	$0.80	73%	0.25	$79.80
$81.50	$81.00	Aug 28	$0.12	$0.12	$0.38	67%	0.32	$81.38

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $0.17, cheapest $0.17)

CALLS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$82.00	Aug 21	Aug 24	$0.17	14.2%	7.1%

PUTS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$82.00	Aug 21	Aug 24	$0.17	14.2%	7.1%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 225 found (cheapest 0.15% of stock, avg 4.34%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$82.00	Aug 21	$0.06	$0.06	$0.12	$81.88	$82.12	0.15%
$82.00	Aug 24	$0.23	$0.23	$0.46	$81.54	$82.46	0.56%
$81.50	Aug 21	$0.51	$0.01	$0.52	$80.98	$82.02	0.63%
$82.50	Aug 21	$0.01	$0.51	$0.52	$81.98	$83.02	0.63%
$82.50	Aug 24	$0.07	$0.56	$0.63	$81.87	$83.13	0.77%
$81.50	Aug 24	$0.57	$0.07	$0.64	$80.86	$82.14	0.78%
$82.00	Aug 26	$0.38	$0.36	$0.74	$81.26	$82.74	0.90%
$82.50	Aug 26	$0.18	$0.66	$0.84	$81.66	$83.34	1.02%
$81.50	Aug 26	$0.69	$0.17	$0.86	$80.64	$82.36	1.05%
$82.00	Aug 28	$0.51	$0.46	$0.97	$81.03	$82.97	1.18%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 228 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	$0.04	$0.03	$0.07	$80.43	$83.57
$84.50	$80.00	Aug 28	$0.04	$0.04	$0.08	$79.92	$84.58
$84.00	$80.00	Aug 28	$0.05	$0.04	$0.09	$79.91	$84.09
$82.50	$81.00	Aug 24	$0.07	$0.03	$0.10	$80.90	$82.60
$83.00	$81.50	Aug 24	$0.03	$0.07	$0.10	$81.40	$83.10
$84.50	$80.50	Aug 28	$0.04	$0.07	$0.11	$80.39	$84.61
$83.50	$81.00	Aug 26	$0.04	$0.07	$0.11	$80.89	$83.61
$83.00	$80.50	Aug 26	$0.08	$0.03	$0.11	$80.39	$83.11
$84.00	$80.00	Aug 31	$0.07	$0.05	$0.12	$79.88	$84.12

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 16 found (best R:R 1.08, avg credit $0.30)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
80/80	84/84	Sep 25	$0.26	$0.24	40%	1.08	$80.24	$83.76
80/80	83/84	Oct 2	$0.28	$0.22	36%	1.27	$79.72	$83.28
80/80	84/84	Oct 2	$0.25	$0.25	41%	1.00	$79.75	$83.75
80/80	83/84	Sep 25	$0.28	$0.22	34%	1.27	$80.22	$83.28
80/80	84/84	Oct 2	$0.22	$0.28	46%	0.79	$79.78	$84.22
80/81	82/83	Sep 4	$0.29	$0.21	32%	1.38	$80.71	$82.79
80/81	83/84	Sep 4	$0.24	$0.26	41%	0.92	$80.76	$83.24
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
81/82	82/83	Aug 28	$0.25	$0.25	32%	1.00	$81.25	$82.75

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 92 found (best R:R 7.33, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$79.00	$80.00	$81.00	Sep 18	$0.12	$0.88	30%	7.33
$80.00	$81.00	$82.00	Sep 18	$0.16	$0.84	36%	5.25
$78.00	$79.00	$80.00	Sep 30	$0.06	$0.94	20%	15.67
$79.00	$80.00	$81.00	Sep 30	$0.10	$0.90	26%	9.00
$80.00	$81.00	$82.00	Sep 30	$0.13	$0.87	30%	6.69

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$79.00	$80.00	$81.00	Sep 30	$0.08	$0.92	22%	11.50
$79.00	$80.00	$81.00	Sep 18	$0.10	$0.90	24%	9.00
$81.50	$82.00	$82.50	Aug 24	$0.17	$0.33	60%	1.94
$81.00	$81.50	$82.00	Aug 26	$0.09	$0.41	37%	4.56
$81.00	$81.50	$82.00	Aug 24	$0.12	$0.38	44%	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. 137 found (best net $-2.00, 128 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	-$2.05	$2.95
$75.00	$78.00	1:2	Aug 24	-$1.00	$2.00
$71.00	$75.00	1:2	Sep 2	-$3.05	$0.95
$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	-$0.52	$1.98
$85.50	$84.00	1:2	Sep 2	-$0.86	$0.64
$83.00	$82.50	1:2	Aug 24	-$0.10	$0.40
$82.00	$81.00	1:2	Sep 18	-$0.20	$0.80

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 69 found (best yield 1.44%, avg 0.41%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$82.00	Oct 2	$1.18	0.46	0.0%	1.44%	1.44%	81	440
$82.00	Sep 30	$1.17	0.47	0.0%	1.43%	1.43%	1.0K	8.3K
$82.50	Oct 2	$0.94	0.40	0.6%	1.15%	1.76%	61	212
$82.00	Sep 25	$1.08	0.47	0.0%	1.32%	1.32%	492	1.1K
$83.00	Sep 30	$0.73	0.35	1.2%	0.89%	2.11%	1.1K	10.3K
$83.00	Oct 2	$0.74	0.34	1.2%	0.90%	2.12%	7	1.4K
$82.50	Sep 25	$0.84	0.40	0.6%	1.02%	1.63%	391	6.2K
$83.50	Oct 2	$0.58	0.29	1.8%	0.71%	2.54%	4	282
$83.00	Sep 25	$0.65	0.34	1.2%	0.79%	2.01%	589	1.3K
$84.00	Oct 2	$0.45	0.24	2.4%	0.55%	2.99%	7	327

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 170,353

Total Puts 279,411

Put/Call Ratio 1.64

Net Difference -109,058

Prior's Put/Call Breakdown

Total Calls 256,580

Total Puts 211,495

Put/Call Ratio 0.82

Net Difference 45,085

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
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