TLT - Options Database

TLT

iShares 20+ Year Treasury Bond ETF

$83.30 +0.89%

(8/25 14:01) ◀

Tuesday, August 25, 2026 (3:00pm)

▶ (8/25 15:14)

◀ 8/25 15:01 ▶

Option Volume

Detail

ℹ

Current (08/25 3:00pm) 270,659

Calls: 171,081 (63%)

Puts: 99,578 (37%)

Prior (08/24) 406,260

Calls: 273,452 (67%)

Puts: 132,808 (33%)

Current vs Prior -33.38%

Calls: -37.44% (Calls)

Puts: -25.02% (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 -45.78%

Calls: -36.81%

Puts: -56.42%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (08/25 3:00pm) $12.84M

Calls: $8.33M (65%)

Puts: $4.51M (35%)

Prior (08/24) $23.30M

Calls: $12.71M (55%)

Puts: $10.59M (45%)

Current vs Prior -44.88%

Calls: -34.41%

Puts: -57.45%

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 -56.92%

Calls: -38.35%

Puts: -72.33%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (08/25 3:00pm) 0.58

Prior (08/24) 0.49

Current vs Prior +19.84%

Prior 7-Day Average 0.90

Current vs Prior 7-Day Avg -35.14%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (08/25 3:00pm) 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 0.84% | 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 +36.20% | +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 -7.06% | +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 +36.20% | +21.95%-7.21% | -4.49%-3.57% | -1.14%

Sentiment BEARISHBULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 5.46% | 1.98%

Calls: 7.69% | 1.79%

Puts: 3.23% | 2.17%

Prior 15.09% | 4.91%

Calls: 18.75% | 5.56%

Puts: 11.43% | 4.26%

Current vs Prior -63.82% | -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 -27.94% | -44.60%

Liquidity Good

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🤖 AI Insights

Moderately bullish flow with 65% call dollar volume ($8.33M). 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
15:00	BULLISH	BULLISH	BULLISH
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 346 of results (avg 3.4%, best 0.6%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.00	Sep 18	1.66	1.67	$1.67	0.6%	890	0.72	87.4K
$70.00	Sep 11	13.30	13.40	$13.35	0.7%	--	1.00	166
$71.00	Aug 28	12.30	12.40	$12.35	0.8%	2	1.00	14
$82.50	Sep 11	1.15	1.16	$1.15	0.9%	201	0.66	2.3K
$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
$97.00	Sep 18	13.90	14.05	$13.98	1.1%	--	0.99	298
$84.50	Sep 25	1.82	1.84	$1.83	1.1%	5	0.69	336
$92.00	Sep 4	8.90	9.00	$8.95	1.1%	--	0.99	47
$96.00	Sep 18	12.90	13.05	$12.98	1.2%	--	0.99	1.1K
$96.00	Sep 30	12.90	13.05	$12.98	1.2%	--	0.98	56

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 157 found (avg $0.33, 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%	5.3K	0.35	7.8K
$84.50	Aug 28	0.05	0.06	$0.06	16.7%	922	0.12	12.9K
$83.00	Aug 26	0.37	0.40	$0.39	7.7%	8.5K	0.73	14.4K
$84.00	Aug 28	0.12	0.13	$0.13	7.7%	4.4K	0.23	7.9K
$84.50	Aug 31	0.08	0.09	$0.09	11.1%	159	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%	3.0K	0.27	920
$83.50	Aug 26	0.30	0.31	$0.31	3.2%	875	0.66	209
$82.50	Aug 28	0.09	0.10	$0.10	10.0%	926	0.19	4.7K
$82.00	Aug 31	0.06	0.07	$0.07	14.3%	588	0.12	1.8K
$83.00	Aug 28	0.21	0.22	$0.22	4.5%	1.7K	0.36	4.5K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 263 found (avg delta 0.90, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$72.00	Aug 31	11.25	11.40	$11.33	1.3%	10	1.00	--
$73.00	Aug 31	10.25	10.40	$10.33	1.5%	10	1.00	--
$74.00	Aug 31	9.30	9.40	$9.35	1.1%	2	1.00	--
$75.00	Aug 31	8.30	8.40	$8.35	1.2%	2	1.00	--
$76.00	Aug 31	7.30	7.45	$7.38	2.0%	2	1.00	--

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$84.50	Aug 26	1.15	1.26	$1.21	9.1%	10	1.00	2
$85.50	Aug 26	2.14	2.23	$2.19	4.1%	2	1.00	--
$86.50	Aug 26	3.10	3.25	$3.18	4.7%	2	1.00	--
$87.00	Aug 26	3.60	3.75	$3.68	4.1%	14	1.00	--
$88.50	Aug 26	5.10	5.25	$5.18	2.9%	1	1.00	--

Most actively traded options today. High liquidity = easy entry/exit. 420 active (total vol 268.7K, top 22.9K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$85.00	Sep 18	0.30	0.31	$0.31	3.2%	11.5K	0.22	102.1K
$83.00	Aug 26	0.37	0.40	$0.39	7.7%	8.5K	0.73	14.4K
$83.00	Sep 18	1.02	1.03	$1.02	1.0%	8.5K	0.52	73.2K
$83.00	Aug 28	0.55	0.56	$0.56	1.8%	7.3K	0.64	31.2K
$83.50	Sep 18	0.77	0.78	$0.78	1.3%	6.0K	0.43	907

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$83.00	Sep 18	0.83	0.85	$0.84	2.4%	22.9K	0.50	86.6K
$82.00	Sep 18	0.46	0.47	$0.47	2.1%	17.5K	0.32	134.6K
$78.00	Sep 18	0.03	0.04	$0.04	25.0%	6.6K	0.03	83.6K
$81.00	Sep 18	0.24	0.25	$0.25	4.0%	3.8K	0.19	63.1K
$82.00	Sep 25	0.55	0.57	$0.56	3.6%	3.7K	0.34	1.8K

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 15.7%, max 15.7%)

CALLS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$83.00	Aug 26	Oct 2	11.3%	9.8%	15.7%	9.0K	16.1K

PUTS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$83.00	Aug 26	Oct 2	11.3%	9.8%	15.7%	3.1K	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 1.90)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$86.00	$87.00	Sep 30	$0.11	$0.89	$0.11	17%	8.09	$86.11
$84.00	$84.50	Sep 18	$0.14	$0.36	$0.14	35%	2.57	$84.14
$83.00	$83.50	Aug 26	$0.27	$0.23	$0.27	73%	0.85	$83.27
$82.00	$82.50	Sep 25	$0.33	$0.17	$0.33	70%	0.52	$82.33
$82.50	$83.00	Sep 11	$0.30	$0.20	$0.30	66%	0.67	$82.80

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
$85.00	$84.50	Oct 2	$0.33	$0.17	$0.33	74%	0.52	$84.67
$83.00	$82.50	Sep 25	$0.20	$0.30	$0.20	50%	1.50	$82.80
$83.00	$82.00	Sep 30	$0.38	$0.62	$0.38	50%	1.63	$82.62
$82.00	$81.00	Sep 30	$0.24	$0.76	$0.24	34%	3.17	$81.76

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 47 found (best R:R 0.52, avg 0.45)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$83.50	$84.00	Sep 2	$0.17	$0.17	$0.33	61%	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	57%	0.72	$83.71
$83.50	$84.00	Aug 28	$0.16	$0.16	$0.34	58%	0.47	$83.66
$84.00	$84.50	Oct 2	$0.18	$0.18	$0.32	63%	0.56	$84.18

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$82.00	$81.00	Sep 9	$0.17	$0.17	$0.83	73%	0.20	$81.83
$83.00	$82.50	Aug 28	$0.12	$0.12	$0.38	64%	0.32	$82.88
$83.00	$82.50	Sep 2	$0.20	$0.20	$0.30	52%	0.67	$82.80
$83.00	$82.50	Sep 4	$0.21	$0.21	$0.29	51%	0.72	$82.79
$82.50	$82.00	Sep 2	$0.12	$0.12	$0.38	67%	0.32	$82.38

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $0.16, cheapest $0.15)

CALLS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$83.50	Aug 26	Aug 28	$0.17	11.1%	12.3%

PUTS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$83.50	Aug 26	Aug 28	$0.15	11.1%	12.3%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 213 found (cheapest 0.52% of stock, avg 4.30%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$83.50	Aug 26	$0.12	$0.31	$0.43	$83.07	$83.93	0.52%
$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	$0.29	$0.46	$0.75	$82.75	$84.25	0.90%
$83.00	Aug 28	$0.56	$0.22	$0.78	$82.22	$83.78	0.94%
$82.50	Aug 26	$0.84	$0.02	$0.86	$81.64	$83.36	1.03%
$83.50	Aug 31	$0.35	$0.51	$0.86	$82.64	$84.36	1.03%
$83.00	Aug 31	$0.62	$0.27	$0.89	$82.11	$83.89	1.07%
$84.00	Aug 28	$0.13	$0.80	$0.93	$83.07	$84.93	1.12%
$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. 223 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 31	$0.05	$0.03	$0.08	$81.42	$85.08
$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
$87.00	$80.00	Sep 9	$0.06	$0.05	$0.11	$79.89	$87.11
$84.50	$82.00	Aug 28	$0.06	$0.05	$0.11	$81.89	$84.61
$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
$84.50	$81.50	Aug 31	$0.09	$0.03	$0.12	$81.38	$84.62
$86.00	$80.00	Sep 9	$0.08	$0.05	$0.13	$79.87	$86.13

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 13 found (best R:R 0.92, avg credit $0.28)

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
81/82	84/85	Sep 25	$0.24	$0.26	42%	0.92	$81.26	$84.74
80/81	85/86	Oct 2	$0.21	$0.29	48%	0.72	$80.79	$85.21
82/82	84/85	Sep 18	$0.25	$0.25	40%	1.00	$81.75	$84.75
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
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. 92 found (best R:R 3.76, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$81.00	$82.00	$83.00	Sep 9	$0.21	$0.79	47%	3.76
$80.00	$81.00	$82.00	Sep 30	$0.08	$0.92	24%	11.50
$82.00	$82.50	$83.00	Sep 2	$0.06	$0.44	37%	7.33
$82.00	$83.00	$84.00	Sep 9	$0.28	$0.72	50%	2.57
$81.00	$82.00	$83.00	Sep 30	$0.13	$0.87	30%	6.69

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$82.50	$83.00	$83.50	Aug 26	$0.15	$0.35	59%	2.33
$81.00	$82.00	$83.00	Sep 9	$0.18	$0.82	37%	4.56
$83.00	$83.50	$84.00	Aug 26	$0.19	$0.31	64%	1.63
$83.00	$83.50	$84.00	Aug 28	$0.10	$0.40	41%	4.00
$83.50	$84.00	$84.50	Aug 26	$0.08	$0.42	34%	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. 137 found (best net $-0.23, 128 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$82.00	$83.00	1:2	Sep 9	-$0.07	$0.93
$81.00	$82.00	1:2	Sep 9	-$0.56	$0.44
$82.50	$83.00	1:2	Aug 28	-$0.19	$0.31
$83.00	$83.50	1:2	Aug 31	-$0.08	$0.42
$84.00	$85.00	1:2	Sep 30	-$0.16	$0.84

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$85.50	$84.50	1:2	Aug 26	-$0.23	$0.77
$85.00	$84.00	1:2	Sep 9	-$0.44	$0.56
$84.50	$84.00	1:2	Aug 26	-$0.23	$0.27
$84.00	$83.50	1:2	Aug 28	-$0.12	$0.38
$83.00	$82.00	1:2	Sep 30	-$0.23	$0.77

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 0.34%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$83.50	Oct 2	$1.01	0.44	0.2%	1.21%	1.45%	642	489
$84.00	Sep 30	$0.79	0.38	0.8%	0.95%	1.79%	1.5K	52.2K
$84.00	Oct 2	$0.80	0.37	0.8%	0.96%	1.80%	100	460
$83.50	Sep 25	$0.92	0.44	0.2%	1.10%	1.34%	4.2K	2.6K
$84.50	Oct 2	$0.62	0.31	1.4%	0.74%	2.18%	85	444
$84.00	Sep 25	$0.71	0.37	0.8%	0.85%	1.69%	307	2.7K
$85.00	Oct 2	$0.49	0.26	2.0%	0.59%	2.63%	305	597
$84.50	Sep 25	$0.54	0.31	1.4%	0.65%	2.09%	137	953
$85.00	Sep 30	$0.47	0.26	2.0%	0.56%	2.61%	4.1K	19.4K
$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 171,081

Total Puts 99,578

Put/Call Ratio 0.58

Net Difference 71,503

Prior's Put/Call Breakdown

Total Calls 273,452

Total Puts 132,808

Put/Call Ratio 0.49

Net Difference 140,644

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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