TLT - Options Database

TLT

iShares 20+ Year Treasury Bond ETF

$83.21 +0.78%

(8/25 10:01) ◀

Tuesday, August 25, 2026 (11:00am)

▶

◀ 8/25 11:01

Option Volume

Detail

ℹ

Current (08/25 11:00am) 164,333

Calls: 98,197 (60%)

Puts: 66,136 (40%)

Prior (08/24) 183,630

Calls: 126,071 (69%)

Puts: 57,559 (31%)

Current vs Prior -10.51%

Calls: -22.11% (Calls)

Puts: +14.90% (Puts)

Prior 7-Day Total 3,494,563

Calls: 1,895,265 (54%)

Puts: 1,599,298 (46%)

Prior 7-Day Average 499,223

Calls: 270,752 (54%)

Puts: 228,471 (46%)

Current vs Prior 7-Day Avg -67.08%

Calls: -63.73%

Puts: -71.05%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (08/25 11:00am) $7.67M

Calls: $4.43M (58%)

Puts: $3.24M (42%)

Prior (08/24) $11.55M

Calls: $6.65M (58%)

Puts: $4.90M (42%)

Current vs Prior -33.56%

Calls: -33.38%

Puts: -33.79%

Prior 7-Day Total $208.66M

Calls: $94.64M (45%)

Puts: $114.02M (55%)

Prior 7-Day Average $29.81M

Calls: $13.52M (45%)

Puts: $16.29M (55%)

Current vs Prior 7-Day Avg -74.26%

Calls: -67.24%

Puts: -80.09%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (08/25 11:00am) 0.67

Prior (08/24) 0.46

Current vs Prior +47.52%

Prior 7-Day Average 0.90

Current vs Prior 7-Day Avg -24.95%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (08/25 11:00am) 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 23,665,526

Calls: 13,367,887 (56%)

Puts: 10,297,639 (44%)

Prior 7-Day Average 3,380,789

Calls: 1,909,698 (56%)

Puts: 1,471,091 (44%)

Current vs Prior 7-Day Avg -18.15%

Sentiment BEARISH

Expected Move

Detail

ℹ

3DTEWKMO Expiry (08/26) | Next (08/28)Expiry (08/28) | Next (09/04)Expiry (09/18) | Next (10/16)

Current 0.88% | 1.24%1.24% | 1.90%2.56% | 4.00%

Prior 0.62% | 1.00%1.31% | 1.98%2.63% | 4.05%

Current vs Prior +42.19% | +23.28%-5.27% | -4.29%-2.49% | -1.25%

Prior 7-Day Avg 0.90% | 1.18%1.02% | 1.68%1.03% | 3.35%

Current vs 7-Day Avg -2.97% | +5.29%+21.07% | +12.82%+149.52% | +19.53%

Prior 7-Day Eod 0.62% | 1.00%1.32% | 1.97%2.64% | 4.04%

Current vs 7-Day Eod +42.19% | +23.28%-6.20% | -3.78%-3.01% | -1.03%

Sentiment BEARISHBULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 4.04% | 1.94%

Calls: 2.94% | 1.96%

Puts: 5.13% | 1.92%

Prior 15.09% | 4.91%

Calls: 18.75% | 5.56%

Puts: 11.43% | 4.26%

Current vs Prior -73.23% | -60.49%

Prior 7-Day Avg 7.58% | 3.57%

Calls: 7.68% | 3.51%

Puts: 7.47% | 3.64%

Current vs 7-Day Avg -46.68% | -45.72%

Liquidity Good

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Bullish P/C ratio of 0.67. P/C ratio rising 48% - increased hedging/bearish positioning.

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 BEARISH

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)

Time	Smart Money	Retail	Overall
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

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Tightest Spreads

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Best Value <$1

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High Delta

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Ratio Spreads

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Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 336 of results (avg 3.1%, best 0.6%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.00	Sep 30	1.82	1.83	$1.83	0.5%	626	0.67	8.3K
$82.00	Sep 25	1.73	1.74	$1.74	0.6%	157	0.68	1.3K
$82.00	Sep 18	1.59	1.60	$1.60	0.6%	448	0.71	87.4K
$82.50	Sep 25	1.40	1.41	$1.40	0.7%	161	0.60	6.5K
$70.00	Aug 28	13.20	13.30	$13.25	0.8%	--	1.00	10

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$83.50	Sep 11	1.03	1.04	$1.04	1.0%	29	0.61	760
$83.00	Sep 25	0.96	0.97	$0.97	1.0%	2	0.51	238
$84.00	Oct 2	1.76	1.78	$1.77	1.1%	--	0.64	224
$99.00	Sep 30	15.95	16.15	$16.05	1.2%	--	0.99	172
$84.00	Sep 30	1.58	1.60	$1.59	1.3%	--	0.63	11.1K

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 162 found (avg $0.33, cheapest $0.11)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$83.50	Aug 26	0.10	0.11	$0.11	9.1%	2.1K	0.30	7.8K
$83.00	Aug 26	0.33	0.34	$0.34	2.9%	6.7K	0.65	14.4K
$84.50	Aug 28	0.05	0.06	$0.06	16.7%	546	0.11	12.9K
$84.00	Aug 28	0.11	0.12	$0.12	8.3%	2.7K	0.21	7.9K
$84.50	Aug 31	0.08	0.09	$0.09	11.1%	106	0.14	726

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$83.00	Aug 26	0.12	0.13	$0.13	7.7%	2.0K	0.35	920
$82.00	Aug 28	0.05	0.06	$0.06	16.7%	530	0.11	18.5K
$82.50	Aug 28	0.11	0.12	$0.12	8.3%	432	0.22	4.7K
$83.50	Aug 26	0.38	0.40	$0.39	5.1%	70	0.70	209
$82.00	Aug 31	0.07	0.08	$0.08	12.5%	386	0.14	1.8K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 252 found (avg delta 0.89, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$68.00	Aug 26	15.15	15.30	$15.23	1.0%	1	1.00	2
$69.00	Aug 26	14.15	14.30	$14.23	1.1%	1	1.00	29
$70.00	Aug 26	13.15	13.30	$13.23	1.1%	2	1.00	31
$71.00	Aug 26	12.15	12.30	$12.23	1.2%	2	1.00	18
$72.00	Aug 26	11.15	11.30	$11.23	1.3%	4	1.00	19

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$86.50	Aug 28	3.20	3.35	$3.28	4.6%	1	1.00	--
$87.00	Aug 28	3.75	3.85	$3.80	2.6%	7	1.00	--
$88.50	Aug 26	5.20	5.35	$5.28	2.8%	1	0.99	--
$89.00	Aug 26	5.70	5.85	$5.78	2.6%	1	0.99	--
$97.00	Sep 18	13.95	14.15	$14.05	1.4%	--	0.99	298

Most actively traded options today. High liquidity = easy entry/exit. 342 active (total vol 163.1K, top 21.0K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$85.00	Sep 18	0.29	0.30	$0.30	3.3%	8.5K	0.21	102.1K
$83.00	Aug 26	0.33	0.34	$0.34	2.9%	6.7K	0.65	14.4K
$83.50	Sep 18	0.73	0.74	$0.74	1.4%	5.7K	0.42	907
$85.50	Sep 18	0.21	0.22	$0.22	4.5%	5.1K	0.16	38
$82.50	Aug 28	0.84	0.89	$0.87	5.7%	4.8K	0.78	67.0K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$83.00	Sep 18	0.87	0.89	$0.88	2.3%	21.0K	0.51	86.6K
$82.00	Sep 18	0.48	0.49	$0.49	2.0%	12.5K	0.33	134.6K
$78.00	Sep 18	0.04	0.05	$0.05	20.0%	6.5K	0.04	83.6K
$81.00	Aug 28	0.01	0.02	$0.02	50.0%	2.1K	0.03	9.4K
$83.00	Aug 26	0.12	0.13	$0.13	7.7%	2.0K	0.35	920

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 12.8%, max 12.8%)

CALLS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$83.00	Aug 26	Oct 2	11.0%	9.7%	12.8%	6.8K	16.1K

PUTS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$83.00	Aug 26	Oct 2	11.0%	9.7%	12.8%	2.1K	1.1K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 85 found (best R:R 3.17, avg 1.90)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$79.00	$79.50	Oct 2	$0.25	$0.25	$0.25	100%	1.00	$79.25
$79.50	$80.00	Oct 2	$0.30	$0.20	$0.30	100%	0.67	$79.80
$86.00	$87.00	Sep 30	$0.10	$0.90	$0.10	17%	9.00	$86.10
$84.50	$85.00	Sep 18	$0.10	$0.40	$0.10	27%	4.00	$84.60
$83.50	$84.00	Sep 11	$0.16	$0.34	$0.16	40%	2.12	$83.66

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$86.00	$85.50	Oct 2	$0.12	$0.38	$0.12	83%	3.17	$85.88
$87.00	$86.50	Oct 2	$0.17	$0.33	$0.17	88%	1.94	$86.83
$85.50	$85.00	Oct 2	$0.22	$0.28	$0.22	79%	1.27	$85.28
$83.00	$82.00	Sep 30	$0.39	$0.61	$0.39	51%	1.56	$82.61
$82.00	$81.50	Sep 25	$0.13	$0.37	$0.13	35%	2.85	$81.87

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 47 found (best R:R 0.25, avg 0.46)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$83.50	$84.00	Sep 25	$0.21	$0.21	$0.29	57%	0.72	$83.71
$84.00	$85.00	Sep 30	$0.30	$0.30	$0.70	63%	0.43	$84.30
$83.50	$84.00	Aug 28	$0.14	$0.14	$0.36	62%	0.39	$83.64
$83.50	$84.00	Sep 2	$0.15	$0.15	$0.35	63%	0.43	$83.65
$84.00	$85.00	Sep 9	$0.18	$0.18	$0.82	71%	0.22	$84.18

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$83.00	$82.50	Aug 26	$0.10	$0.10	$0.40	65%	0.25	$82.90
$82.00	$81.00	Sep 9	$0.18	$0.18	$0.82	71%	0.22	$81.82
$83.00	$82.50	Aug 28	$0.15	$0.15	$0.35	60%	0.43	$82.85
$83.00	$82.50	Sep 2	$0.22	$0.22	$0.28	50%	0.79	$82.78
$82.50	$82.00	Sep 2	$0.14	$0.14	$0.36	65%	0.39	$82.36

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $0.16, cheapest $0.14)

CALLS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$83.00	Aug 26	Aug 28	$0.17	11.0%	11.6%

PUTS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$83.00	Aug 26	Aug 28	$0.14	11.0%	11.6%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 203 found (cheapest 0.56% of stock, avg 4.28%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$83.00	Aug 26	$0.34	$0.13	$0.47	$82.53	$83.47	0.56%
$83.50	Aug 26	$0.11	$0.39	$0.50	$83.00	$84.00	0.60%
$82.50	Aug 26	$0.74	$0.03	$0.77	$81.73	$83.27	0.93%
$83.00	Aug 28	$0.51	$0.27	$0.78	$82.22	$83.78	0.94%
$83.50	Aug 28	$0.26	$0.52	$0.78	$82.72	$84.28	0.94%
$84.00	Aug 26	$0.03	$0.80	$0.83	$83.17	$84.83	1.00%
$83.00	Aug 31	$0.56	$0.32	$0.88	$82.12	$83.88	1.06%
$83.50	Aug 31	$0.32	$0.56	$0.88	$82.62	$84.38	1.06%
$82.50	Aug 28	$0.87	$0.12	$0.99	$81.51	$83.49	1.19%
$84.00	Aug 28	$0.12	$0.88	$1.00	$83.00	$85.00	1.20%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 223 found (cheapest 0.07% of stock, avg 0.78%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$85.00	$81.50	Aug 28	$0.03	$0.03	$0.06	$81.44	$85.06
$84.00	$82.50	Aug 26	$0.03	$0.03	$0.06	$82.44	$84.06
$85.50	$80.50	Sep 2	$0.04	$0.04	$0.08	$80.42	$85.58
$85.00	$81.50	Aug 31	$0.05	$0.04	$0.09	$81.41	$85.09
$84.50	$81.50	Aug 28	$0.06	$0.03	$0.09	$81.41	$84.59
$85.00	$82.00	Aug 28	$0.03	$0.06	$0.09	$81.91	$85.09
$85.50	$81.00	Sep 2	$0.04	$0.06	$0.10	$80.90	$85.60
$85.00	$80.50	Sep 2	$0.07	$0.04	$0.11	$80.39	$85.11
$84.50	$82.00	Aug 28	$0.06	$0.06	$0.12	$81.88	$84.62
$87.00	$80.00	Sep 9	$0.06	$0.06	$0.12	$79.88	$87.12

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 10 found (best R:R 1.00, avg credit $0.27)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
80/81	84/85	Oct 2	$0.25	$0.25	43%	1.00	$80.75	$84.75
81/82	84/85	Oct 2	$0.27	$0.23	38%	1.17	$81.23	$84.77
81/82	84/85	Sep 25	$0.24	$0.26	43%	0.92	$81.26	$84.74
82/82	84/84	Sep 18	$0.28	$0.22	33%	1.27	$81.72	$84.28
82/82	84/85	Sep 25	$0.26	$0.24	36%	1.08	$81.74	$84.76
82/82	84/84	Sep 11	$0.24	$0.26	39%	0.92	$81.76	$84.24
82/82	84/85	Sep 18	$0.23	$0.27	40%	0.85	$81.77	$84.73
80/81	86/87	Sep 30	$0.26	$0.74	60%	0.35	$80.74	$86.26
80/81	85/86	Sep 30	$0.34	$0.66	51%	0.52	$80.66	$85.34
81/82	84/85	Sep 9	$0.36	$0.64	42%	0.56	$81.64	$84.36

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 86 found (best R:R 6.69, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$81.00	$82.00	$83.00	Sep 30	$0.13	$0.87	32%	6.69
$82.00	$83.00	$84.00	Sep 9	$0.29	$0.71	50%	2.45
$82.50	$83.00	$83.50	Aug 26	$0.17	$0.33	61%	1.94
$83.00	$83.50	$84.00	Aug 26	$0.15	$0.35	56%	2.33
$82.00	$82.50	$83.00	Sep 2	$0.07	$0.43	34%	6.14

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$82.50	$83.00	$83.50	Aug 26	$0.16	$0.34	60%	2.12
$83.00	$83.50	$84.00	Aug 26	$0.15	$0.35	56%	2.33
$81.00	$82.00	$83.00	Sep 9	$0.20	$0.80	38%	4.00
$80.00	$81.00	$82.00	Sep 30	$0.09	$0.91	21%	10.11
$82.50	$83.00	$83.50	Aug 31	$0.08	$0.42	36%	5.25

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 135 found (best net $-1.05, 125 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$75.00	$78.00	1:2	Aug 31	-$2.31	$0.69
$82.00	$82.50	1:2	Aug 26	-$0.25	$0.25
$82.50	$83.00	1:2	Aug 28	-$0.15	$0.35
$83.00	$83.50	1:2	Aug 31	-$0.08	$0.42
$82.50	$83.00	1:2	Aug 31	-$0.20	$0.30

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$93.00	$88.50	1:2	Sep 25	-$1.05	$3.45
$84.00	$83.50	1:2	Aug 28	-$0.16	$0.34
$83.00	$82.00	1:2	Sep 30	-$0.24	$0.76
$83.50	$83.00	1:2	Aug 31	-$0.08	$0.42
$84.00	$83.50	1:2	Aug 31	-$0.20	$0.30

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 65 found (best yield 1.17%, avg 0.32%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$83.50	Oct 2	$0.97	0.43	0.3%	1.17%	1.51%	498	489
$84.00	Oct 2	$0.77	0.36	0.9%	0.93%	1.87%	49	460
$84.00	Sep 30	$0.75	0.37	0.9%	0.90%	1.85%	220	52.2K
$83.50	Sep 25	$0.87	0.43	0.3%	1.05%	1.39%	199	2.6K
$84.50	Oct 2	$0.60	0.30	1.6%	0.72%	2.27%	6	444
$84.00	Sep 25	$0.66	0.36	0.9%	0.79%	1.74%	136	2.7K
$85.00	Oct 2	$0.46	0.25	2.1%	0.55%	2.70%	237	597
$85.00	Sep 30	$0.45	0.25	2.1%	0.54%	2.69%	2.9K	19.4K
$84.50	Sep 25	$0.51	0.29	1.6%	0.61%	2.16%	51	953
$83.50	Sep 18	$0.73	0.42	0.3%	0.88%	1.23%	5.7K	907

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 98,197

Total Puts 66,136

Put/Call Ratio 0.67

Net Difference 32,061

Prior's Put/Call Breakdown

Total Calls 126,071

Total Puts 57,559

Put/Call Ratio 0.46

Net Difference 68,512

Prior 7-Day Put/Call Summary

Total Calls 1,895,265

Total Puts 1,599,298

Average Put/Call Ratio 0.90

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

🤖 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

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