TLT - Options Database

TLT

iShares 20+ Year Treasury Bond ETF

$83.32 +0.92%

(8/25 12:01) ◀

Tuesday, August 25, 2026 (1:00pm)

▶ (8/25 14:01)

◀ 8/25 13:01 ▶

Option Volume

Detail

ℹ

Current (08/25 1:00pm) 226,812

Calls: 142,558 (63%)

Puts: 84,254 (37%)

Prior (08/24) 303,801

Calls: 190,118 (63%)

Puts: 113,683 (37%)

Current vs Prior -25.34%

Calls: -25.02% (Calls)

Puts: -25.89% (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 -54.57%

Calls: -47.35%

Puts: -63.12%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (08/25 1:00pm) $10.83M

Calls: $6.99M (65%)

Puts: $3.84M (35%)

Prior (08/24) $20.98M

Calls: $11.94M (57%)

Puts: $9.04M (43%)

Current vs Prior -48.39%

Calls: -41.45%

Puts: -57.55%

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 -63.68%

Calls: -48.31%

Puts: -76.44%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (08/25 1:00pm) 0.59

Prior (08/24) 0.60

Current vs Prior -1.16%

Prior 7-Day Average 0.90

Current vs Prior 7-Day Avg -34.14%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (08/25 1:00pm) 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 0.85% | 1.21%1.21% | 1.91%2.56% | 3.98%

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

Current vs Prior +38.11% | +20.72%-7.22% | -3.82%-2.62% | -1.68%

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

Current vs 7-Day Avg -5.76% | +3.11%+18.56% | +13.39%+149.19% | +19.01%

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

Current vs 7-Day Eod +38.11% | +20.72%-8.14% | -3.30%-3.14% | -1.46%

Sentiment BEARISHBULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 7.00% | 4.90%

Calls: 7.32% | 5.26%

Puts: 6.67% | 4.55%

Prior 15.09% | 4.91%

Calls: 18.75% | 5.56%

Puts: 11.43% | 4.26%

Current vs Prior -53.61% | -0.20%

Prior 7-Day Avg 7.58% | 3.57%

Calls: 7.68% | 3.51%

Puts: 7.47% | 3.64%

Current vs 7-Day Avg -7.62% | +37.09%

Liquidity Acceptable

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Moderately bullish flow with 65% call dollar volume ($6.99M). Bullish P/C ratio of 0.59.

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
13:00	BULLISH	BULLISH	BULLISH
12:00	BULLISH	BULLISH	BULLISH
11:00	BULLISH	BULLISH	BULLISH
10:00	BULLISH	BULLISH	BULLISH

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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 342 of results (avg 3.6%, best 0.8%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$70.00	Aug 28	13.30	13.40	$13.35	0.7%	--	1.00	10
$71.00	Aug 28	12.30	12.40	$12.35	0.8%	2	1.00	14
$72.00	Aug 28	11.30	11.40	$11.35	0.9%	2	1.00	6
$73.00	Aug 31	10.30	10.40	$10.35	1.0%	10	1.00	--
$68.00	Aug 26	15.25	15.40	$15.33	1.0%	1	1.00	2

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$99.00	Sep 30	15.85	16.00	$15.93	0.9%	--	0.99	172
$98.00	Sep 18	14.85	15.00	$14.93	1.0%	--	0.99	16
$97.00	Sep 18	13.85	14.00	$13.93	1.1%	--	0.99	298
$97.00	Sep 30	13.85	14.00	$13.93	1.1%	--	0.99	72
$84.50	Sep 25	1.80	1.82	$1.81	1.1%	5	0.69	336

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 152 found (avg $0.33, cheapest $0.09)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$83.50	Aug 26	0.12	0.14	$0.13	15.4%	5.0K	0.37	7.8K
$84.50	Aug 28	0.05	0.06	$0.06	16.7%	672	0.12	12.9K
$83.00	Aug 26	0.39	0.42	$0.41	7.3%	8.3K	0.73	14.4K
$84.00	Aug 28	0.13	0.14	$0.14	7.1%	3.6K	0.24	7.9K
$84.50	Aug 31	0.09	0.10	$0.10	10.0%	144	0.16	726

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$83.00	Aug 26	0.08	0.09	$0.09	11.1%	2.5K	0.27	920
$83.50	Aug 26	0.29	0.31	$0.30	6.7%	798	0.63	209
$82.50	Aug 28	0.09	0.10	$0.10	10.0%	712	0.18	4.7K
$82.00	Aug 31	0.06	0.07	$0.07	14.3%	501	0.12	1.8K
$83.00	Aug 28	0.20	0.22	$0.21	9.5%	1.6K	0.35	4.5K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 258 found (avg delta 0.90, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$68.00	Aug 26	15.25	15.40	$15.33	1.0%	1	1.00	2
$69.00	Aug 26	14.25	14.40	$14.33	1.0%	25	1.00	29
$70.00	Aug 26	13.25	13.40	$13.33	1.1%	26	1.00	31
$71.00	Aug 26	12.25	12.40	$12.33	1.2%	14	1.00	18
$72.00	Aug 26	11.25	11.40	$11.33	1.3%	16	1.00	19

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$86.50	Aug 28	3.10	3.25	$3.18	4.7%	1	1.00	--
$87.00	Aug 28	3.65	3.75	$3.70	2.7%	19	1.00	--
$88.50	Aug 26	5.10	5.25	$5.18	2.9%	1	0.99	--
$89.00	Aug 26	5.60	5.75	$5.68	2.6%	1	0.99	--
$97.00	Sep 18	13.85	14.00	$13.93	1.1%	--	0.99	298

Most actively traded options today. High liquidity = easy entry/exit. 400 active (total vol 225.5K, top 22.6K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$85.00	Sep 18	0.31	0.32	$0.32	3.1%	10.1K	0.22	102.1K
$83.00	Aug 26	0.39	0.42	$0.41	7.3%	8.3K	0.73	14.4K
$83.00	Aug 28	0.56	0.59	$0.57	5.3%	7.0K	0.65	31.2K
$83.50	Sep 18	0.78	0.80	$0.79	2.5%	5.9K	0.44	907
$82.50	Aug 28	0.93	0.98	$0.96	5.2%	5.1K	0.82	67.0K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$83.00	Sep 18	0.82	0.84	$0.83	2.4%	22.6K	0.49	86.6K
$82.00	Sep 18	0.46	0.47	$0.47	2.1%	12.9K	0.32	134.6K
$78.00	Sep 18	0.03	0.04	$0.04	25.0%	6.6K	0.03	83.6K
$82.00	Sep 25	0.54	0.56	$0.55	3.6%	3.7K	0.33	1.8K
$83.00	Aug 26	0.08	0.09	$0.09	11.1%	2.5K	0.27	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 15.5%, max 15.5%)

CALLS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$83.00	Aug 26	Oct 2	11.2%	9.7%	15.5%	8.5K	16.1K

PUTS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$83.00	Aug 26	Oct 2	11.2%	9.7%	15.5%	2.6K	1.1K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 81 found (best R:R 1.94, avg 1.82)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$84.50	$85.00	Sep 18	$0.11	$0.39	$0.11	28%	3.55	$84.61
$83.00	$83.50	Aug 26	$0.28	$0.22	$0.28	73%	0.79	$83.28
$82.50	$83.00	Sep 11	$0.30	$0.20	$0.30	66%	0.67	$82.80
$83.00	$83.50	Aug 28	$0.27	$0.23	$0.27	65%	0.85	$83.27
$82.00	$82.50	Oct 2	$0.32	$0.18	$0.32	68%	0.56	$82.32

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$87.00	$86.50	Oct 2	$0.17	$0.33	$0.17	88%	1.94	$86.83
$88.00	$87.50	Oct 2	$0.25	$0.25	$0.25	91%	1.00	$87.75
$84.00	$83.00	Sep 30	$0.53	$0.47	$0.53	62%	0.89	$83.47
$82.50	$82.00	Sep 18	$0.15	$0.35	$0.15	40%	2.33	$82.35
$83.00	$82.50	Sep 25	$0.20	$0.30	$0.20	49%	1.50	$82.80

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 46 found (best R:R 0.56, avg 0.46)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$83.50	$84.00	Sep 2	$0.18	$0.18	$0.32	60%	0.56	$83.68
$83.50	$84.00	Aug 26	$0.10	$0.10	$0.40	63%	0.25	$83.60
$83.50	$84.00	Sep 25	$0.22	$0.22	$0.28	56%	0.79	$83.72
$84.00	$85.00	Sep 30	$0.32	$0.32	$0.68	62%	0.47	$84.32
$83.50	$84.00	Sep 4	$0.18	$0.18	$0.32	59%	0.56	$83.68

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$83.00	$82.50	Sep 4	$0.22	$0.22	$0.28	52%	0.79	$82.78
$83.00	$82.00	Sep 9	$0.36	$0.36	$0.64	51%	0.56	$82.64
$83.00	$82.50	Aug 31	$0.14	$0.14	$0.36	63%	0.39	$82.86
$82.00	$81.00	Sep 9	$0.16	$0.16	$0.84	73%	0.19	$81.84
$83.00	$82.50	Sep 2	$0.20	$0.20	$0.30	52%	0.67	$82.80

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
$83.50	Aug 26	Aug 28	$0.17	11.2%	12.2%

PUTS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$83.50	Aug 26	Aug 28	$0.14	11.2%	12.2%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 209 found (cheapest 0.52% of stock, avg 4.28%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$83.50	Aug 26	$0.13	$0.30	$0.43	$83.07	$83.93	0.52%
$83.00	Aug 26	$0.41	$0.09	$0.50	$82.50	$83.50	0.60%
$84.00	Aug 26	$0.03	$0.70	$0.73	$83.27	$84.73	0.88%
$83.50	Aug 28	$0.30	$0.44	$0.74	$82.76	$84.24	0.89%
$83.00	Aug 28	$0.57	$0.21	$0.78	$82.22	$83.78	0.94%
$83.50	Aug 31	$0.36	$0.49	$0.85	$82.65	$84.35	1.02%
$82.50	Aug 26	$0.84	$0.02	$0.86	$81.64	$83.36	1.03%
$83.00	Aug 31	$0.63	$0.27	$0.90	$82.10	$83.90	1.08%
$84.00	Aug 28	$0.14	$0.79	$0.93	$83.07	$84.93	1.12%
$84.00	Aug 31	$0.19	$0.83	$1.02	$82.98	$85.02	1.22%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 227 found (cheapest 0.06% of stock, avg 0.87%)

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
$85.50	$81.00	Sep 2	$0.04	$0.05	$0.09	$80.91	$85.59
$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
$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	$81.00	Sep 2	$0.07	$0.05	$0.12	$80.88	$85.12
$85.00	$82.00	Aug 31	$0.05	$0.07	$0.12	$81.88	$85.12

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 10 found (best R:R 1.00, avg credit $0.29)

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
80/81	85/86	Oct 2	$0.22	$0.28	48%	0.79	$80.78	$85.22
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	43%	0.92	$81.26	$85.24
82/82	84/84	Sep 11	$0.25	$0.25	38%	1.00	$81.75	$84.25
82/82	84/85	Sep 18	$0.24	$0.26	40%	0.92	$81.76	$84.74
82/82	84/85	Sep 25	$0.26	$0.24	36%	1.08	$81.74	$84.76
80/81	85/86	Sep 30	$0.34	$0.66	51%	0.52	$80.66	$85.34
81/82	85/86	Sep 30	$0.44	$0.56	39%	0.79	$81.56	$85.44
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. 87 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	46%	4.26
$81.00	$82.00	$83.00	Sep 30	$0.12	$0.88	30%	7.33
$83.00	$83.50	$84.00	Aug 26	$0.18	$0.32	63%	1.78
$80.00	$81.00	$82.00	Sep 9	$0.06	$0.94	18%	15.67
$82.50	$83.00	$83.50	Aug 26	$0.15	$0.35	56%	2.33

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$82.50	$83.00	$83.50	Aug 26	$0.14	$0.36	57%	2.57
$83.00	$83.50	$84.00	Aug 26	$0.19	$0.31	63%	1.63
$82.00	$83.00	$84.00	Sep 9	$0.24	$0.76	43%	3.17
$82.50	$83.00	$83.50	Aug 31	$0.08	$0.42	35%	5.25
$83.50	$84.00	$84.50	Aug 28	$0.07	$0.43	32%	6.14

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 $-1.03, 128 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$75.00	$78.00	1:2	Aug 31	-$2.38	$0.62
$82.00	$83.00	1:2	Sep 9	-$0.06	$0.94
$81.00	$82.00	1:2	Sep 9	-$0.59	$0.41
$82.50	$83.00	1:2	Aug 28	-$0.18	$0.32
$83.00	$83.50	1:2	Aug 31	-$0.09	$0.41

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$93.00	$88.50	1:2	Sep 25	-$1.03	$3.47
$84.50	$84.00	1:2	Aug 26	-$0.21	$0.29
$84.00	$83.50	1:2	Aug 28	-$0.09	$0.41
$84.00	$83.50	1:2	Aug 31	-$0.15	$0.35
$83.00	$82.00	1:2	Sep 30	-$0.22	$0.78

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 65 found (best yield 1.22%, avg 0.34%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$83.50	Oct 2	$1.02	0.44	0.2%	1.22%	1.44%	620	489
$84.00	Sep 30	$0.80	0.39	0.8%	0.96%	1.78%	1.4K	52.2K
$84.00	Oct 2	$0.81	0.38	0.8%	0.97%	1.79%	86	460
$84.50	Oct 2	$0.63	0.32	1.4%	0.76%	2.17%	72	444
$83.50	Sep 25	$0.92	0.45	0.2%	1.10%	1.32%	4.2K	2.6K
$84.00	Sep 25	$0.71	0.38	0.8%	0.85%	1.67%	249	2.7K
$85.00	Oct 2	$0.50	0.26	2.0%	0.60%	2.62%	248	597
$85.00	Sep 30	$0.48	0.27	2.0%	0.58%	2.59%	4.0K	19.4K
$84.50	Sep 25	$0.54	0.31	1.4%	0.65%	2.06%	136	953
$83.50	Sep 18	$0.78	0.44	0.2%	0.94%	1.15%	5.9K	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 142,558

Total Puts 84,254

Put/Call Ratio 0.59

Net Difference 58,304

Prior's Put/Call Breakdown

Total Calls 190,118

Total Puts 113,683

Put/Call Ratio 0.60

Net Difference 76,435

Prior 7-Day Put/Call Summary

Total Calls 1,895,265

Total Puts 1,599,298

Average Put/Call Ratio 0.90

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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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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