TLT - Options Database

TLT

iShares 20+ Year Treasury Bond ETF

$83.30 +0.89%

(8/25 13:01) ◀

Tuesday, August 25, 2026 (2:00pm)

▶ (8/25 15:01)

◀ 8/25 14:01 ▶

Option Volume

Detail

ℹ

Current (08/25 2:00pm) 249,449

Calls: 157,463 (63%)

Puts: 91,986 (37%)

Prior (08/24) 381,145

Calls: 254,712 (67%)

Puts: 126,433 (33%)

Current vs Prior -34.55%

Calls: -38.18% (Calls)

Puts: -27.25% (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 -50.03%

Calls: -41.84%

Puts: -59.74%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (08/25 2:00pm) $11.87M

Calls: $7.64M (64%)

Puts: $4.23M (36%)

Prior (08/24) $22.16M

Calls: $12.04M (54%)

Puts: $10.13M (46%)

Current vs Prior -46.42%

Calls: -36.50%

Puts: -58.21%

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 -60.16%

Calls: -43.47%

Puts: -74.02%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (08/25 2:00pm) 0.58

Prior (08/24) 0.50

Current vs Prior +17.69%

Prior 7-Day Average 0.90

Current vs Prior 7-Day Avg -34.90%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (08/25 2:00pm) 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% | 1.22%1.22% | 1.88%2.54% | 4.00%

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

Current vs Prior +38.15% | +21.95%-6.28% | -5.00%-3.06% | -1.36%

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

Current vs 7-Day Avg -5.73% | +4.16%+19.77% | +11.99%+148.07% | +19.40%

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

Current vs 7-Day Eod +38.15% | +21.95%-7.21% | -4.49%-3.57% | -1.14%

Sentiment BEARISHBULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 4.13% | 1.98%

Calls: 5.13% | 1.79%

Puts: 3.13% | 2.17%

Prior 15.09% | 4.91%

Calls: 18.75% | 5.56%

Puts: 11.43% | 4.26%

Current vs Prior -72.63% | -59.67%

Prior 7-Day Avg 7.58% | 3.57%

Calls: 7.68% | 3.51%

Puts: 7.47% | 3.64%

Current vs 7-Day Avg -45.49% | -44.60%

Liquidity Good

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🤖 AI Insights

Moderately bullish flow with 64% call dollar volume ($7.64M). Bullish P/C ratio of 0.58.

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
14:00	BULLISH	BULLISH	BULLISH
13:00	BULLISH	BULLISH	BULLISH
12:00	BULLISH	BULLISH	BULLISH
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

🎯

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 349 of results (avg 3.0%, best 0.5%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.00	Sep 30	1.90	1.91	$1.90	0.5%	715	0.69	8.3K
$82.00	Sep 25	1.81	1.82	$1.82	0.5%	209	0.70	1.3K
$70.00	Sep 4	13.30	13.40	$13.35	0.7%	--	1.00	64
$82.50	Sep 18	1.32	1.33	$1.33	0.8%	173	0.63	3.6K
$72.00	Aug 28	11.30	11.40	$11.35	0.9%	2	1.00	6

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$98.00	Sep 18	14.90	15.05	$14.98	1.0%	--	0.99	16
$83.50	Sep 11	0.98	0.99	$0.99	1.0%	117	0.59	760
$83.00	Sep 25	0.93	0.94	$0.94	1.1%	27	0.49	238
$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

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 162 found (avg $0.32, cheapest $0.09)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$83.50	Aug 26	0.11	0.12	$0.12	8.3%	5.2K	0.35	7.8K
$84.50	Aug 28	0.05	0.06	$0.06	16.7%	851	0.12	12.9K
$83.00	Aug 26	0.38	0.40	$0.39	5.1%	8.5K	0.73	14.4K
$84.00	Aug 28	0.13	0.14	$0.14	7.1%	4.1K	0.24	7.9K
$84.50	Aug 31	0.08	0.09	$0.09	11.1%	153	0.15	726

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$83.00	Aug 26	0.08	0.09	$0.09	11.1%	2.7K	0.27	920
$83.50	Aug 26	0.31	0.32	$0.32	3.1%	810	0.65	209
$82.50	Aug 28	0.09	0.10	$0.10	10.0%	917	0.19	4.7K
$82.00	Aug 31	0.06	0.07	$0.07	14.3%	501	0.12	1.8K
$83.00	Aug 28	0.21	0.23	$0.22	9.1%	1.6K	0.36	4.5K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 262 found (avg delta 0.90, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$68.00	Aug 26	15.20	15.40	$15.30	1.3%	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	11.20	11.40	$11.30	1.8%	16	1.00	19

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$86.50	Aug 28	3.15	3.25	$3.20	3.1%	1	1.00	--
$87.00	Aug 28	3.65	3.75	$3.70	2.7%	41	1.00	--
$88.50	Aug 26	5.15	5.25	$5.20	1.9%	1	0.99	--
$89.00	Aug 26	5.60	5.75	$5.68	2.6%	1	0.99	--
$97.00	Sep 18	13.90	14.05	$13.98	1.1%	--	0.99	298

Most actively traded options today. High liquidity = easy entry/exit. 413 active (total vol 248.1K, top 22.8K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$85.00	Sep 18	0.31	0.32	$0.32	3.1%	10.2K	0.22	102.1K
$83.00	Aug 26	0.38	0.40	$0.39	5.1%	8.5K	0.73	14.4K
$83.00	Aug 28	0.55	0.56	$0.56	1.8%	7.2K	0.65	31.2K
$83.50	Sep 18	0.77	0.78	$0.78	1.3%	6.0K	0.43	907
$83.50	Aug 26	0.11	0.12	$0.12	8.3%	5.2K	0.35	7.8K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$83.00	Sep 18	0.84	0.85	$0.85	1.2%	22.8K	0.49	86.6K
$82.00	Sep 18	0.46	0.48	$0.47	4.3%	17.4K	0.32	134.6K
$78.00	Sep 18	0.04	0.05	$0.05	20.0%	6.6K	0.04	83.6K
$82.00	Sep 25	0.55	0.57	$0.56	3.6%	3.7K	0.34	1.8K
$81.50	Aug 28	0.02	0.03	$0.03	33.3%	2.9K	0.05	12.7K

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 13.2%, max 13.2%)

CALLS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$83.00	Aug 26	Oct 2	11.1%	9.8%	13.2%	8.9K	16.1K

PUTS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$83.00	Aug 26	Oct 2	11.1%	9.8%	13.2%	2.9K	1.1K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 83 found (best R:R 3.55, avg 1.88)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$80.50	$81.00	Oct 2	$0.33	$0.17	$0.33	89%	0.52	$80.83
$86.00	$87.00	Sep 30	$0.11	$0.89	$0.11	18%	8.09	$86.11
$84.00	$84.50	Sep 18	$0.14	$0.36	$0.14	36%	2.57	$84.14
$83.00	$83.50	Aug 28	$0.26	$0.24	$0.26	64%	0.92	$83.26
$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
$86.00	$85.50	Oct 2	$0.11	$0.39	$0.11	82%	3.55	$85.89
$87.00	$86.50	Oct 2	$0.15	$0.35	$0.15	88%	2.33	$86.85
$83.00	$82.00	Sep 30	$0.37	$0.63	$0.37	50%	1.70	$82.63
$83.00	$82.50	Oct 2	$0.22	$0.28	$0.22	52%	1.27	$82.78
$83.50	$83.00	Sep 18	$0.25	$0.25	$0.25	57%	1.00	$83.25

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 46 found (best R:R 0.79, avg 0.46)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$83.50	$84.00	Oct 2	$0.22	$0.22	$0.28	56%	0.79	$83.72
$83.50	$84.00	Sep 2	$0.17	$0.17	$0.33	60%	0.52	$83.67
$84.00	$85.00	Sep 30	$0.32	$0.32	$0.68	62%	0.47	$84.32
$83.50	$84.00	Sep 18	$0.21	$0.21	$0.29	56%	0.72	$83.71
$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
$82.50	$82.00	Sep 2	$0.13	$0.13	$0.37	67%	0.35	$82.37
$82.00	$81.00	Sep 9	$0.16	$0.16	$0.84	73%	0.19	$81.84
$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	62%	0.39	$82.86
$83.00	$82.50	Aug 28	$0.12	$0.12	$0.38	64%	0.32	$82.88

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	$0.18	11.0%	12.3%

PUTS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$83.50	Aug 26	Aug 28	$0.14	11.0%	12.3%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 212 found (cheapest 0.53% of stock, avg 4.31%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$83.50	Aug 26	$0.12	$0.32	$0.44	$83.06	$83.94	0.53%
$83.00	Aug 26	$0.39	$0.09	$0.48	$82.52	$83.48	0.58%
$84.00	Aug 26	$0.03	$0.72	$0.75	$83.25	$84.75	0.90%
$83.50	Aug 28	$0.30	$0.46	$0.76	$82.74	$84.26	0.91%
$83.00	Aug 28	$0.56	$0.22	$0.78	$82.22	$83.78	0.94%
$82.50	Aug 26	$0.83	$0.02	$0.85	$81.65	$83.35	1.02%
$83.50	Aug 31	$0.35	$0.51	$0.86	$82.64	$84.36	1.03%
$83.00	Aug 31	$0.62	$0.28	$0.90	$82.10	$83.90	1.08%
$84.00	Aug 28	$0.14	$0.81	$0.95	$83.05	$84.95	1.14%
$84.00	Aug 31	$0.18	$0.84	$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
$85.00	$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	$0.05	$0.10	$80.90	$85.60
$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. 12 found (best R:R 0.92, avg credit $0.28)

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
80/81	85/86	Oct 2	$0.21	$0.29	48%	0.72	$80.79	$85.21
81/82	84/85	Oct 2	$0.26	$0.24	37%	1.08	$81.24	$84.76
81/82	85/86	Oct 2	$0.23	$0.27	43%	0.85	$81.27	$85.23
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	38%	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	86/87	Sep 30	$0.36	$0.64	48%	0.56	$81.64	$86.36

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 89 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
$80.00	$81.00	$82.00	Sep 30	$0.06	$0.94	24%	15.67
$82.00	$82.50	$83.00	Sep 2	$0.06	$0.44	37%	7.33
$83.00	$83.50	$84.00	Aug 26	$0.18	$0.32	63%	1.78
$82.00	$83.00	$84.00	Sep 9	$0.29	$0.71	50%	2.45

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$83.00	$83.50	$84.00	Aug 26	$0.17	$0.33	63%	1.94
$82.50	$83.00	$83.50	Aug 26	$0.16	$0.34	59%	2.12
$81.00	$82.00	$83.00	Sep 30	$0.12	$0.88	27%	7.33
$80.00	$81.00	$82.00	Sep 9	$0.09	$0.91	21%	10.11
$83.50	$84.00	$84.50	Aug 26	$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. 135 found (best net $-0.19, 127 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$82.00	$83.00	1:2	Sep 9	-$0.06	$0.94
$81.00	$82.00	1:2	Sep 9	-$0.58	$0.42
$82.50	$83.00	1:2	Aug 28	-$0.18	$0.32
$83.00	$83.50	1:2	Aug 31	-$0.08	$0.42
$82.00	$82.50	1:2	Aug 26	-$0.34	$0.16

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$85.50	$84.50	1:2	Aug 26	-$0.19	$0.81
$84.50	$84.00	1:2	Aug 26	-$0.25	$0.25
$84.00	$83.50	1:2	Aug 28	-$0.11	$0.39
$83.50	$83.00	1:2	Aug 31	-$0.05	$0.45
$84.00	$83.50	1:2	Aug 31	-$0.18	$0.32

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%	1.46%	628	489
$84.00	Oct 2	$0.80	0.38	0.8%	0.96%	1.80%	100	460
$84.00	Sep 30	$0.79	0.38	0.8%	0.95%	1.79%	1.4K	52.2K
$84.50	Oct 2	$0.63	0.32	1.4%	0.76%	2.20%	83	444
$83.50	Sep 25	$0.92	0.44	0.2%	1.10%	1.34%	4.2K	2.6K
$84.00	Sep 25	$0.71	0.37	0.8%	0.85%	1.69%	303	2.7K
$85.00	Oct 2	$0.49	0.26	2.0%	0.59%	2.63%	255	597
$85.00	Sep 30	$0.47	0.27	2.0%	0.56%	2.61%	4.1K	19.4K
$84.50	Sep 25	$0.54	0.31	1.4%	0.65%	2.09%	136	953
$83.50	Sep 18	$0.77	0.43	0.2%	0.92%	1.16%	6.0K	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 157,463

Total Puts 91,986

Put/Call Ratio 0.58

Net Difference 65,477

Prior's Put/Call Breakdown

Total Calls 254,712

Total Puts 126,433

Put/Call Ratio 0.50

Net Difference 128,279

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

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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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