TLT - Options Database

TLT

iShares 20+ Year Treasury Bond ETF

$83.27 +0.85%

(8/25 11:01) ◀

Tuesday, August 25, 2026 (12:00pm)

▶ (8/25 13:01)

◀ 8/25 12:01 ▶

Option Volume

Detail

ℹ

Current (08/25 12:00pm) 207,426

Calls: 127,126 (61%)

Puts: 80,300 (39%)

Prior (08/24) 248,928

Calls: 163,104 (66%)

Puts: 85,824 (34%)

Current vs Prior -16.67%

Calls: -22.06% (Calls)

Puts: -6.44% (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 -58.45%

Calls: -53.05%

Puts: -64.85%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (08/25 12:00pm) $9.79M

Calls: $5.91M (60%)

Puts: $3.88M (40%)

Prior (08/24) $16.66M

Calls: $9.48M (57%)

Puts: $7.18M (43%)

Current vs Prior -41.25%

Calls: -37.68%

Puts: -45.96%

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 -67.16%

Calls: -56.30%

Puts: -76.17%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (08/25 12:00pm) 0.63

Prior (08/24) 0.53

Current vs Prior +20.04%

Prior 7-Day Average 0.90

Current vs Prior 7-Day Avg -29.61%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (08/25 12:00pm) 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% | 1.91%2.57% | 4.01%

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

Current vs Prior +42.09% | +23.19%-5.33% | -3.76%-2.10% | -1.03%

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

Current vs 7-Day Avg -3.04% | +5.22%+20.98% | +13.46%+150.51% | +19.80%

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

Current vs 7-Day Eod +42.09% | +23.19%-6.27% | -3.24%-2.62% | -0.81%

Sentiment BEARISHBULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 2.75% | 3.00%

Calls: 2.63% | 1.82%

Puts: 2.86% | 4.17%

Prior 15.09% | 4.91%

Calls: 18.75% | 5.56%

Puts: 11.43% | 4.26%

Current vs Prior -81.78% | -38.90%

Prior 7-Day Avg 7.58% | 3.57%

Calls: 7.68% | 3.51%

Puts: 7.47% | 3.64%

Current vs 7-Day Avg -63.71% | -16.07%

Liquidity Good

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Moderately bullish flow with 60% call dollar volume ($5.91M). Bullish P/C ratio of 0.63.

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
12:00	BULLISH	BULLISH	BULLISH
11:00	BULLISH	BULLISH	BULLISH
10:00	BULLISH	BULLISH	BULLISH

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📉 Credit Spreads

📅 Calendar Spreads

⚡ Straddles

🔀 Strangles

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⚖️ Ratio Spreads

🛡️ Covered Calls

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Tightest Spreads

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Best Value <$1

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Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 346 of results (avg 3.2%, best 0.6%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.00	Sep 18	1.64	1.65	$1.65	0.6%	698	0.72	87.4K
$68.00	Aug 26	15.25	15.35	$15.30	0.7%	1	1.00	2
$69.00	Aug 26	14.25	14.35	$14.30	0.7%	25	1.00	29
$70.00	Aug 26	13.25	13.35	$13.30	0.8%	26	1.00	31
$82.50	Sep 18	1.30	1.31	$1.31	0.8%	87	0.62	3.6K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$99.00	Sep 30	15.90	16.05	$15.98	0.9%	--	0.99	172
$98.00	Sep 18	14.90	15.05	$14.98	1.0%	--	0.99	16
$97.00	Sep 18	13.90	14.05	$13.98	1.1%	--	0.99	298
$97.00	Sep 30	13.90	14.05	$13.98	1.1%	--	0.99	72
$84.50	Sep 25	1.85	1.87	$1.86	1.1%	5	0.70	336

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 158 found (avg $0.33, cheapest $0.10)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$83.50	Aug 26	0.11	0.12	$0.12	8.3%	3.9K	0.33	7.8K
$84.50	Aug 28	0.05	0.06	$0.06	16.7%	668	0.11	12.9K
$83.00	Aug 26	0.37	0.38	$0.38	2.6%	7.8K	0.70	14.4K
$84.00	Aug 28	0.12	0.13	$0.13	7.7%	3.4K	0.23	7.9K
$84.50	Aug 31	0.08	0.09	$0.09	11.1%	137	0.14	726

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$83.00	Aug 26	0.09	0.10	$0.10	10.0%	2.4K	0.30	920
$83.50	Aug 26	0.34	0.35	$0.35	2.9%	719	0.67	209
$82.50	Aug 28	0.10	0.11	$0.11	9.1%	707	0.20	4.7K
$82.00	Aug 31	0.06	0.07	$0.07	14.3%	401	0.12	1.8K
$82.50	Aug 31	0.13	0.14	$0.14	7.1%	174	0.23	2.9K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 261 found (avg delta 0.89, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$68.00	Aug 26	15.25	15.35	$15.30	0.7%	1	1.00	2
$69.00	Aug 26	14.25	14.35	$14.30	0.7%	25	1.00	29
$70.00	Aug 26	13.25	13.35	$13.30	0.8%	26	1.00	31
$71.00	Aug 26	12.25	12.35	$12.30	0.8%	2	1.00	18
$72.00	Aug 26	11.25	11.35	$11.30	0.9%	4	1.00	19

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$86.50	Aug 28	3.15	3.30	$3.22	4.7%	1	1.00	--
$87.00	Aug 28	3.65	3.80	$3.72	4.0%	7	1.00	--
$89.00	Aug 26	5.65	5.80	$5.73	2.6%	1	0.99	--
$97.00	Sep 18	13.90	14.05	$13.98	1.1%	--	0.99	298
$98.00	Sep 18	14.90	15.05	$14.98	1.0%	--	0.99	16

Most actively traded options today. High liquidity = easy entry/exit. 377 active (total vol 206.1K, top 22.4K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$85.00	Sep 18	0.30	0.31	$0.31	3.2%	9.9K	0.22	102.1K
$83.00	Aug 26	0.37	0.38	$0.38	2.6%	7.8K	0.70	14.4K
$83.00	Aug 28	0.54	0.55	$0.55	1.8%	6.1K	0.62	31.2K
$83.50	Sep 18	0.76	0.77	$0.77	1.3%	5.8K	0.43	907
$85.50	Sep 18	0.22	0.23	$0.23	4.3%	5.1K	0.17	38

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$83.00	Sep 18	0.85	0.87	$0.86	2.3%	22.4K	0.50	86.6K
$82.00	Sep 18	0.48	0.49	$0.49	2.0%	12.8K	0.33	134.6K
$78.00	Sep 18	0.03	0.04	$0.04	25.0%	6.5K	0.03	83.6K
$82.00	Sep 25	0.56	0.58	$0.57	3.5%	3.7K	0.34	1.8K
$83.00	Aug 26	0.09	0.10	$0.10	10.0%	2.4K	0.30	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 8.2%, max 8.2%)

CALLS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$83.00	Aug 26	Oct 2	10.6%	9.8%	8.2%	7.9K	16.1K

PUTS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$83.00	Aug 26	Oct 2	10.6%	9.8%	8.2%	2.5K	1.1K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 82 found (best R:R 2.85, avg 1.88)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$79.50	$80.00	Oct 2	$0.13	$0.37	$0.13	100%	2.85	$79.63
$84.00	$84.50	Sep 11	$0.12	$0.38	$0.12	32%	3.17	$84.12
$84.50	$85.00	Sep 25	$0.12	$0.38	$0.12	30%	3.17	$84.62
$86.00	$87.00	Sep 30	$0.11	$0.89	$0.11	17%	8.09	$86.11
$84.50	$85.00	Sep 18	$0.11	$0.39	$0.11	28%	3.55	$84.61

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$87.00	$86.50	Oct 2	$0.15	$0.35	$0.15	88%	2.33	$86.85
$88.00	$87.50	Oct 2	$0.28	$0.22	$0.28	91%	0.79	$87.72
$83.00	$82.00	Sep 30	$0.38	$0.62	$0.38	50%	1.63	$82.62
$84.00	$83.00	Sep 30	$0.55	$0.45	$0.55	62%	0.82	$83.45
$82.50	$82.00	Sep 18	$0.16	$0.34	$0.16	41%	2.12	$82.34

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 46 found (best R:R 0.47, avg 0.46)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$83.50	$84.00	Aug 28	$0.16	$0.16	$0.34	59%	0.47	$83.66
$83.50	$84.00	Sep 2	$0.16	$0.16	$0.34	62%	0.47	$83.66
$84.00	$85.00	Sep 30	$0.31	$0.31	$0.69	62%	0.45	$84.31
$83.50	$84.00	Aug 31	$0.17	$0.17	$0.33	58%	0.52	$83.67
$83.50	$84.00	Sep 25	$0.21	$0.21	$0.29	56%	0.72	$83.71

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$83.00	$82.50	Aug 31	$0.15	$0.15	$0.35	61%	0.43	$82.85
$82.00	$81.00	Sep 9	$0.17	$0.17	$0.83	72%	0.20	$81.83
$83.00	$82.00	Sep 9	$0.37	$0.37	$0.63	50%	0.59	$82.63
$83.00	$82.50	Aug 28	$0.13	$0.13	$0.37	62%	0.35	$82.87
$83.00	$82.50	Sep 2	$0.21	$0.21	$0.29	50%	0.72	$82.79

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 3 found (avg debit $0.15, cheapest $0.14)

CALLS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$83.50	Aug 26	Aug 28	$0.17	11.3%	12.4%

PUTS (2)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$83.00	Aug 26	Aug 28	$0.14	10.6%	11.5%
$83.50	Aug 26	Aug 28	$0.13	11.3%	12.4%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 209 found (cheapest 0.56% of stock, avg 4.28%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$83.50	Aug 26	$0.12	$0.35	$0.47	$83.03	$83.97	0.56%
$83.00	Aug 26	$0.38	$0.10	$0.48	$82.52	$83.48	0.58%
$83.50	Aug 28	$0.29	$0.48	$0.77	$82.73	$84.27	0.92%
$84.00	Aug 26	$0.03	$0.75	$0.78	$83.22	$84.78	0.94%
$83.00	Aug 28	$0.55	$0.24	$0.79	$82.21	$83.79	0.95%
$82.50	Aug 26	$0.80	$0.02	$0.82	$81.68	$83.32	0.98%
$83.50	Aug 31	$0.35	$0.53	$0.88	$82.62	$84.38	1.06%
$83.00	Aug 31	$0.61	$0.29	$0.90	$82.10	$83.90	1.08%
$84.00	Aug 28	$0.13	$0.83	$0.96	$83.04	$84.96	1.15%
$82.50	Aug 28	$0.92	$0.11	$1.03	$81.47	$83.53	1.24%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 223 found (cheapest 0.06% of stock, avg 0.82%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$84.00	$82.50	Aug 26	$0.03	$0.02	$0.05	$82.45	$84.05
$85.00	$81.50	Aug 28	$0.03	$0.03	$0.06	$81.44	$85.06
$85.00	$82.00	Aug 28	$0.03	$0.05	$0.08	$81.92	$85.08
$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
$85.50	$81.00	Sep 2	$0.05	$0.06	$0.11	$80.89	$85.61
$84.50	$82.00	Aug 28	$0.06	$0.05	$0.11	$81.89	$84.61
$87.00	$80.00	Sep 9	$0.06	$0.06	$0.12	$79.88	$87.12
$85.00	$82.00	Aug 31	$0.05	$0.07	$0.12	$81.88	$85.12
$85.00	$81.00	Sep 2	$0.07	$0.06	$0.13	$80.87	$85.13

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 13 found (best R:R 0.92, avg credit $0.29)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
80/81	84/85	Oct 2	$0.24	$0.26	43%	0.92	$80.76	$84.74
81/82	84/85	Oct 2	$0.27	$0.23	37%	1.17	$81.23	$84.77
81/82	85/86	Oct 2	$0.24	$0.26	42%	0.92	$81.26	$85.24
80/81	85/86	Oct 2	$0.21	$0.29	48%	0.72	$80.79	$85.21
82/82	84/84	Sep 18	$0.28	$0.22	32%	1.27	$81.72	$84.28
82/82	84/85	Sep 18	$0.24	$0.26	40%	0.92	$81.76	$84.74
82/82	84/85	Sep 25	$0.25	$0.25	35%	1.00	$81.75	$84.75
82/82	84/84	Sep 11	$0.23	$0.27	38%	0.85	$81.77	$84.23
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

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 83 found (best R:R 4.26, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$81.00	$82.00	$83.00	Sep 9	$0.19	$0.81	47%	4.26
$81.00	$82.00	$83.00	Sep 30	$0.13	$0.87	31%	6.69
$82.50	$83.00	$83.50	Aug 26	$0.16	$0.34	61%	2.12
$82.00	$82.50	$83.00	Sep 2	$0.07	$0.43	37%	6.14
$82.00	$83.00	$84.00	Sep 9	$0.29	$0.71	51%	2.45

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$83.00	$83.50	$84.00	Aug 26	$0.15	$0.35	60%	2.33
$82.50	$83.00	$83.50	Aug 26	$0.17	$0.33	60%	1.94
$83.50	$84.00	$84.50	Aug 26	$0.06	$0.44	31%	7.33
$81.00	$82.00	$83.00	Sep 30	$0.13	$0.87	27%	6.69
$81.00	$82.00	$83.00	Sep 9	$0.20	$0.80	37%	4.00

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 139 found (best net $-1.06, 129 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$75.00	$78.00	1:2	Aug 31	-$2.34	$0.66
$82.00	$83.00	1:2	Sep 9	-$0.06	$0.94
$81.00	$82.00	1:2	Sep 9	-$0.57	$0.43
$82.00	$82.50	1:2	Aug 26	-$0.31	$0.19
$82.50	$83.00	1:2	Aug 28	-$0.18	$0.32

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$93.00	$88.50	1:2	Sep 25	-$1.06	$3.44
$84.00	$83.00	1:2	Sep 9	-$0.05	$0.95
$84.00	$83.50	1:2	Aug 28	-$0.13	$0.37
$84.50	$84.00	1:2	Aug 26	-$0.29	$0.21
$83.00	$82.00	1:2	Sep 30	-$0.25	$0.75

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 65 found (best yield 1.21%, avg 0.33%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$83.50	Oct 2	$1.01	0.43	0.3%	1.21%	1.49%	619	489
$84.00	Oct 2	$0.80	0.37	0.9%	0.96%	1.84%	54	460
$84.00	Sep 30	$0.78	0.38	0.9%	0.94%	1.81%	1.3K	52.2K
$83.50	Sep 25	$0.91	0.44	0.3%	1.09%	1.37%	636	2.6K
$84.50	Oct 2	$0.62	0.31	1.5%	0.74%	2.22%	42	444
$84.00	Sep 25	$0.70	0.37	0.9%	0.84%	1.72%	244	2.7K
$85.00	Oct 2	$0.49	0.26	2.1%	0.59%	2.67%	246	597
$85.00	Sep 30	$0.47	0.26	2.1%	0.56%	2.64%	3.9K	19.4K
$84.50	Sep 25	$0.53	0.30	1.5%	0.64%	2.11%	133	953
$83.50	Sep 18	$0.76	0.43	0.3%	0.91%	1.19%	5.8K	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 127,126

Total Puts 80,300

Put/Call Ratio 0.63

Net Difference 46,826

Prior's Put/Call Breakdown

Total Calls 163,104

Total Puts 85,824

Put/Call Ratio 0.53

Net Difference 77,280

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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