Tour v526
TLT
iShares 20+ Year Treasury Bond ETF
$83.07 +0.62%
(8/24 15:17) ◀
|
Tuesday, August 25, 2026 (10:00am)
January 2026
|
▶ (8/25 11:01)
◀ 8/25 10:01 ▶

Option Volume

Detail
ℹ
Current (08/25 10:00am) 65,932
Calls: 50,960 (77%)
Puts: 14,972 (23%)
Prior (08/24) 89,095
Calls: 64,081 (72%)
Puts: 25,014 (28%)
Current vs Prior -26.00%
Calls: -20.48% (Calls)
Puts: -40.15% (Puts)
Prior 7-Day Total 3,665,413
Calls: 1,909,123 (52%)
Puts: 1,756,290 (48%)
Prior 7-Day Average 523,630
Calls: 272,731 (52%)
Puts: 250,898 (48%)
Current vs Prior 7-Day Avg -87.41%
Calls: -81.31%
Puts: -94.03%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/25 10:00am) $2.30M
Calls: $1.75M (76%)
Puts: $551.3K (24%)
Prior (08/24) $4.84M
Calls: $3.09M (64%)
Puts: $1.76M (36%)
Current vs Prior -52.53%
Calls: -43.35%
Puts: -68.64%
Prior 7-Day Total $308.44M
Calls: $184.35M (60%)
Puts: $124.09M (40%)
Prior 7-Day Average $44.06M
Calls: $26.34M (60%)
Puts: $17.73M (40%)
Current vs Prior 7-Day Avg -94.78%
Calls: -93.36%
Puts: -96.89%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/25 10:00am) 0.29
Prior (08/24) 0.39
Current vs Prior -24.73%
Prior 7-Day Average 0.97
Current vs Prior 7-Day Avg -69.78%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (08/25 10:00am) 2,767,190
Calls: 1,607,036 (58%)
Puts: 1,160,154 (42%)
Prior (08/24) 2,725,544
Calls: 1,550,439 (57%)
Puts: 1,175,105 (43%)
Current vs Prior +1.53%
Prior 7-Day Total 24,194,029
Calls: 13,570,920 (56%)
Puts: 10,623,109 (44%)
Prior 7-Day Average 3,456,289
Calls: 1,938,702 (56%)
Puts: 1,517,587 (44%)
Current vs Prior 7-Day Avg -19.94%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (08/26) | Next (08/28)Expiry (08/28) | Next (09/04)Expiry (09/18) | Next (10/16)
Current 0.94% | 1.26%1.26% | 1.93%2.59% | 4.04%
Prior 0.95% | 1.23%0.67% | 1.49%0.67% | 3.13%
Current vs Prior -1.23% | +2.68%+88.57% | +29.54%+286.13% | +29.14%
Prior 7-Day Avg 0.93% | 1.18%0.95% | 1.60%0.79% | 3.22%
Current vs 7-Day Avg +0.57% | +7.51%+32.58% | +20.50%+225.81% | +25.46%
Prior 7-Day Eod 0.95% | 1.23%1.32% | 1.97%2.64% | 4.04%
Current vs 7-Day Eod -1.23% | +2.68%-4.21% | -2.40%-1.93% | +0.03%
Sentiment BULLISHBEARISHBEARISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 5.77% | 1.97%
Calls: 3.70% | 2.33%
Puts: 7.84% | 1.61%
Prior 5.78% | 2.08%
Calls: 4.00% | 2.56%
Puts: 7.55% | 1.61%
Current vs Prior -0.17% | -5.29%
Prior 7-Day Avg 6.37% | 3.52%
Calls: 5.62% | 3.16%
Puts: 7.11% | 3.87%
Current vs 7-Day Avg -9.38% | -43.97%
Liquidity Good
+
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🤖 AI Insights

Strong bullish conviction with 76% of dollar volume in calls ($1.75M) vs puts ($551.3K). Light premium activity with dollar volume down 53% vs prior. Extreme bullish P/C ratio of 0.29 - heavy call buying (50,960 calls vs 14,972 puts). P/C ratio dropping 25% - sentiment shifting bullish.

Smart Money BULLISH
Retail Flow BULLISH
Overall BULLISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BULLISH
7-Day Avg BULLISH
Current BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BULLISH
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)
TimeSmart MoneyRetailOverall
15:00BULLISHBULLISHBULLISH
14:00BULLISHBULLISHBULLISH
13:00BULLISHBULLISHBULLISH
12:00BULLISHBULLISHBULLISH
11:00BULLISHBULLISHBULLISH
10:00BULLISHBULLISHBULLISH

📈 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

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 325 of results (avg 3.3%, best 0.6%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$82.00Sep 251.641.65$1.650.6%30.661.3K
$68.00Aug 2615.0015.15$15.081.0%11.002
$69.00Aug 2614.0014.15$14.081.1%11.0029
$83.00Sep 180.900.91$0.911.1%6090.4873.2K
$70.00Aug 2613.0013.15$13.081.1%21.0031
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$84.00Sep 301.681.70$1.691.2%--0.6511.1K
$84.00Sep 251.631.65$1.641.2%150.66427
$99.00Sep 3016.1016.30$16.201.2%--0.99172
$98.00Sep 1815.1015.30$15.201.3%--0.9916
$84.00Sep 111.481.50$1.491.3%90.72552

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 154 found (avg $0.32, cheapest $0.06)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$83.50Aug 260.070.08$0.0812.5%1.0K0.227.8K
$83.00Aug 260.260.27$0.273.7%5.1K0.5414.4K
$84.00Aug 280.090.10$0.1010.0%2.3K0.187.9K
$84.50Aug 310.070.08$0.0812.5%200.12726
$83.50Aug 280.210.22$0.224.5%5440.339.3K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$82.50Aug 260.050.06$0.0616.7%8110.173.6K
$83.00Aug 260.190.20$0.205.0%1.3K0.46920
$82.00Aug 280.060.07$0.0714.3%2650.1318.5K
$82.50Aug 280.150.16$0.166.3%2320.274.7K
$82.00Aug 310.090.10$0.1010.0%3590.161.8K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 239 found (avg delta 0.89, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$68.00Aug 2615.0015.15$15.081.0%11.002
$69.00Aug 2614.0014.15$14.081.1%11.0029
$70.00Aug 2613.0013.15$13.081.1%21.0031
$71.00Aug 2612.0012.15$12.081.2%21.0018
$72.00Aug 2611.0011.15$11.081.4%--1.0019
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$86.50Aug 283.403.50$3.452.9%11.00--
$87.00Aug 283.904.00$3.952.5%71.00--
$88.50Aug 265.355.50$5.432.8%10.99--
$89.00Aug 265.906.00$5.951.7%10.99--
$97.00Sep 1814.1014.30$14.201.4%--0.99298

Most actively traded options today. High liquidity = easy entry/exit. 285 active (total vol 64.9K, top 5.1K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$83.00Aug 260.260.27$0.273.7%5.1K0.5414.4K
$86.00Aug 310.010.02$0.0250.0%4.3K0.0320.1K
$83.00Aug 280.420.43$0.432.3%4.2K0.5331.2K
$87.50Sep 180.070.08$0.0812.5%3.9K0.06260
$87.00Sep 110.060.07$0.0714.3%3.8K0.068.4K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$82.00Sep 180.540.55$0.551.8%1.7K0.36134.6K
$81.00Aug 280.010.02$0.0250.0%1.3K0.039.4K
$83.00Aug 260.190.20$0.205.0%1.3K0.46920
$81.00Sep 180.280.29$0.293.4%1.1K0.2163.1K
$82.50Aug 260.050.06$0.0616.7%8110.173.6K

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 21.8%, max 21.8%)

CALLS (1)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$82.50Aug 26Oct 212.1%9.9%21.8%5274.0K
PUTS (1)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$82.50Aug 26Oct 212.1%9.9%21.8%8473.9K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 85 found (best R:R 0.52, avg 1.80)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$84.50$85.00Oct 2$0.11$0.39$0.1129%3.55$84.61
$82.00$83.00Sep 9$0.64$0.36$0.6476%0.56$82.64
$84.50$85.00Sep 25$0.11$0.39$0.1128%3.55$84.61
$84.00$85.00Sep 9$0.15$0.85$0.1526%5.67$84.15
$84.00$84.50Sep 11$0.11$0.39$0.1128%3.55$84.11
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$87.00$86.50Oct 2$0.33$0.17$0.3389%0.52$86.67
$83.00$82.00Sep 30$0.42$0.58$0.4254%1.38$82.58
$82.50$82.00Sep 25$0.18$0.32$0.1845%1.78$82.32
$83.50$83.00Aug 26$0.31$0.19$0.3178%0.61$83.19
$82.50$82.00Oct 2$0.20$0.30$0.2048%1.50$82.30

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 48 found (best R:R 0.52, avg 0.47)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$84.00$84.50Oct 2$0.17$0.17$0.3366%0.52$84.17
$83.50$84.00Aug 28$0.12$0.12$0.3867%0.32$83.62
$83.50$84.00Sep 2$0.13$0.13$0.3767%0.35$83.63
$84.00$85.00Sep 30$0.28$0.28$0.7265%0.39$84.28
$83.50$84.00Sep 25$0.19$0.19$0.3159%0.61$83.69
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$83.00$82.50Aug 26$0.14$0.14$0.3654%0.39$82.86
$82.00$81.00Sep 9$0.20$0.20$0.8068%0.25$81.80
$82.50$82.00Sep 2$0.16$0.16$0.3460%0.47$82.34
$83.00$82.50Sep 2$0.24$0.24$0.2646%0.92$82.76
$82.50$82.00Aug 31$0.10$0.10$0.4070%0.25$82.40

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $0.15, cheapest $0.13)

CALLS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$83.00Aug 26Aug 28$0.1611.3%11.6%
PUTS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$83.00Aug 26Aug 28$0.1311.3%11.6%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 198 found (cheapest 0.57% of stock, avg 4.25%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$83.00Aug 26$0.27$0.20$0.47$82.53$83.470.57%
$83.50Aug 26$0.08$0.51$0.59$82.91$84.090.71%
$82.50Aug 26$0.62$0.06$0.68$81.82$83.180.82%
$83.00Aug 28$0.43$0.33$0.76$82.24$83.760.91%
$83.50Aug 28$0.22$0.62$0.84$82.66$84.341.01%
$83.00Aug 31$0.49$0.38$0.87$82.13$83.871.05%
$82.50Aug 28$0.76$0.16$0.92$81.58$83.421.11%
$83.50Aug 31$0.27$0.66$0.93$82.57$84.431.12%
$84.00Aug 26$0.03$0.97$1.00$83.00$85.001.20%
$82.50Aug 31$0.81$0.20$1.01$81.49$83.511.22%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 228 found (cheapest 0.06% of stock, avg 0.89%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$84.00$82.00Aug 26$0.03$0.02$0.05$81.95$84.05
$85.00$81.50Aug 28$0.03$0.03$0.06$81.44$85.06
$84.50$81.50Aug 28$0.05$0.03$0.08$81.42$84.58
$85.00$81.50Aug 31$0.05$0.05$0.10$81.40$85.10
$84.00$82.50Aug 26$0.03$0.06$0.09$82.41$84.09
$85.00$82.00Aug 28$0.03$0.07$0.10$81.90$85.10
$85.00$80.50Sep 2$0.07$0.04$0.11$80.39$85.11
$83.50$82.00Aug 26$0.08$0.02$0.10$81.90$83.60
$84.50$82.00Aug 28$0.05$0.07$0.12$81.88$84.62
$87.00$80.00Sep 9$0.06$0.07$0.13$79.87$87.13

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 14 found (best R:R 1.27, avg credit $0.26)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
80/8184/84Oct 2$0.28$0.2237%1.27$80.72$84.28
81/8284/84Oct 2$0.31$0.1931%1.63$81.19$84.31
81/8284/84Sep 18$0.25$0.2540%1.00$81.25$84.25
81/8284/84Sep 25$0.27$0.2336%1.17$81.23$84.27
80/8185/86Oct 2$0.21$0.2948%0.72$80.79$85.21
81/8285/86Oct 2$0.24$0.2642%0.92$81.26$85.24
81/8284/85Sep 25$0.23$0.2742%0.85$81.27$84.73
82/8284/84Sep 11$0.25$0.2538%1.00$81.75$84.25
80/8184/85Oct 2$0.22$0.2843%0.79$80.78$84.72
81/8284/85Oct 2$0.25$0.2537%1.00$81.25$84.75

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 81 found (best R:R 15.67, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$79.00$80.00$81.00Sep 30$0.06$0.9420%15.67
$81.00$82.00$83.00Sep 30$0.14$0.8632%6.14
$82.50$83.00$83.50Aug 26$0.16$0.3461%2.13
$82.00$82.50$83.00Sep 2$0.06$0.4436%7.33
$80.00$81.00$82.00Sep 30$0.11$0.8927%8.09
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$82.50$83.00$83.50Aug 26$0.17$0.3360%1.94
$81.00$82.00$83.00Sep 9$0.21$0.7939%3.76
$82.00$82.50$83.00Aug 26$0.10$0.4041%4.00
$80.00$81.00$82.00Sep 30$0.10$0.9022%9.00
$80.00$81.00$82.00Sep 9$0.12$0.8825%7.33

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 134 found (best net $-1.26, 124 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$75.00$78.001:2Sep 2-$2.16$0.84
$82.00$82.501:2Aug 26-$0.16$0.34
$82.50$83.001:2Aug 28-$0.10$0.40
$83.00$83.501:2Aug 31-$0.05$0.45
$82.50$83.001:2Aug 31-$0.17$0.33
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$93.00$88.501:2Sep 25-$1.26$3.24
$86.50$85.001:2Aug 28-$0.47$1.03
$84.00$83.501:2Aug 26-$0.05$0.45
$83.00$82.001:2Sep 30-$0.26$0.74
$83.50$83.001:2Aug 31-$0.10$0.40

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 65 found (best yield 1.08%, avg 0.29%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$83.50Oct 2$0.900.410.5%1.08%1.60%2489
$84.00Sep 30$0.700.351.1%0.84%1.96%7852.2K
$84.00Oct 2$0.710.341.1%0.85%1.97%40460
$83.50Sep 25$0.810.410.5%0.98%1.49%1652.6K
$84.50Oct 2$0.550.291.7%0.66%2.38%2444
$84.00Sep 25$0.620.341.1%0.75%1.87%182.7K
$85.00Oct 2$0.440.242.3%0.53%2.85%122597
$85.00Sep 30$0.420.242.3%0.51%2.83%2.3K19.4K
$84.50Sep 25$0.470.281.7%0.57%2.29%30953
$83.50Sep 18$0.670.390.5%0.81%1.32%305907

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 50,960
Total Puts 14,972
Put/Call Ratio 0.29
Net Difference 35,988

Prior's Put/Call Breakdown

Total Calls 64,081
Total Puts 25,014
Put/Call Ratio 0.39
Net Difference 39,067

Prior 7-Day Put/Call Summary

Total Calls 1,909,123
Total Puts 1,756,290
Average Put/Call Ratio 0.97
Ratio Trend Falling

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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Chart Title

Price — Past 7 Days

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