TLT - Options Database

TLT

iShares 20+ Year Treasury Bond ETF

$83.47 +1.10%

$83.42 (-0.06%)🌙

as of 08/25 04:01 PM

(8/25 15:14) ◀

Tuesday, August 25, 2026 (4:00pm)

▶ (8/25 19:08)

◀ 8/25 16:01 ▶

Option Volume

Detail

ℹ

Current (08/25 4:00pm) 338,417

Calls: 226,729 (67%)

Puts: 111,688 (33%)

Prior (08/24) 406,260

Calls: 273,452 (67%)

Puts: 132,808 (33%)

Current vs Prior -16.70%

Calls: -17.09% (Calls)

Puts: -15.90% (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 -32.21%

Calls: -16.26%

Puts: -51.12%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (08/25 4:00pm) $15.91M

Calls: $11.20M (70%)

Puts: $4.72M (30%)

Prior (08/24) $23.30M

Calls: $12.71M (55%)

Puts: $10.59M (45%)

Current vs Prior -31.71%

Calls: -11.89%

Puts: -55.49%

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 -46.62%

Calls: -17.18%

Puts: -71.05%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (08/25 4:00pm) 0.49

Prior (08/24) 0.49

Current vs Prior +1.43%

Prior 7-Day Average 0.90

Current vs Prior 7-Day Avg -45.11%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (08/25 4:00pm) 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 0.90% | 1.26%1.26% | 1.90%2.58% | 4.00%

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

Current vs Prior +45.63% | +25.28%-3.73% | -3.99%-1.88% | -1.27%

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

Current vs 7-Day Avg -0.63% | +7.00%+23.03% | +13.18%+151.08% | +19.52%

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

Current vs 7-Day Eod +45.63% | +25.28%-4.68% | -3.47%-2.40% | -1.04%

Sentiment BEARISHBULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 5.46% | 3.27%

Calls: 7.69% | 1.54%

Puts: 3.23% | 5.00%

Prior 15.09% | 4.91%

Calls: 18.75% | 5.56%

Puts: 11.43% | 4.26%

Current vs Prior -63.82% | -33.40%

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% | -8.51%

Liquidity Acceptable

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Moderately bullish flow with 70% call dollar volume ($11.20M). Extreme bullish P/C ratio of 0.49 - heavy call buying (226,729 calls vs 111,688 puts).

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
16:00	BULLISH	BULLISH	BULLISH
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 339 of results (avg 3.3%, best 0.7%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$68.00	Aug 26	15.40	15.50	$15.45	0.6%	1	1.00	2
$72.00	Aug 26	11.40	11.50	$11.45	0.9%	16	1.00	19
$82.00	Sep 30	1.98	2.00	$1.99	1.0%	784	0.71	8.3K
$69.00	Aug 26	14.35	14.50	$14.43	1.0%	25	1.00	29
$70.00	Aug 28	13.40	13.55	$13.48	1.1%	--	1.00	10

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$100.00	Sep 4	16.75	16.90	$16.83	0.9%	--	0.99	17
$100.00	Sep 18	16.75	16.90	$16.83	0.9%	--	0.99	99
$100.00	Sep 30	16.75	16.90	$16.83	0.9%	--	0.99	180
$99.00	Sep 30	15.75	15.90	$15.83	0.9%	--	0.99	172
$83.50	Sep 18	1.04	1.05	$1.05	1.0%	44	0.55	5

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 146 found (avg $0.34, cheapest $0.06)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$83.50	Aug 26	0.16	0.17	$0.17	5.9%	14.0K	0.45	7.8K
$84.50	Aug 28	0.07	0.08	$0.08	12.5%	1.5K	0.15	12.9K
$83.00	Aug 26	0.48	0.51	$0.50	6.0%	11.2K	0.84	14.4K
$85.00	Aug 31	0.05	0.06	$0.06	16.7%	159	0.10	11.7K
$84.00	Aug 28	0.17	0.18	$0.18	5.6%	5.0K	0.29	7.9K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$83.00	Aug 26	0.05	0.06	$0.06	16.7%	3.6K	0.20	920
$83.50	Aug 26	0.24	0.25	$0.25	4.0%	973	0.55	209
$82.50	Aug 28	0.07	0.08	$0.08	12.5%	1.7K	0.15	4.7K
$82.00	Aug 31	0.05	0.06	$0.06	16.7%	623	0.10	1.8K
$83.00	Aug 28	0.18	0.20	$0.19	10.5%	2.4K	0.31	4.5K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 266 found (avg delta 0.90, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$68.00	Aug 26	15.40	15.50	$15.45	0.6%	1	1.00	2
$69.00	Aug 26	14.35	14.50	$14.43	1.0%	25	1.00	29
$70.00	Aug 26	13.35	13.50	$13.43	1.1%	26	1.00	31
$71.00	Aug 26	12.35	12.50	$12.43	1.2%	14	1.00	18
$72.00	Aug 26	11.40	11.50	$11.45	0.9%	16	1.00	19

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$100.00	Sep 4	16.75	16.90	$16.83	0.9%	--	0.99	17
$100.00	Sep 18	16.75	16.90	$16.83	0.9%	--	0.99	99
$88.50	Aug 26	5.00	5.15	$5.08	3.0%	1	0.99	--
$89.00	Aug 26	5.50	5.65	$5.58	2.7%	1	0.99	--
$97.00	Sep 18	13.75	13.90	$13.83	1.1%	--	0.99	298

Most actively traded options today. High liquidity = easy entry/exit. 445 active (total vol 337.9K, top 24.1K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$85.00	Sep 18	0.34	0.35	$0.35	2.9%	24.1K	0.24	102.1K
$83.50	Aug 26	0.16	0.17	$0.17	5.9%	14.0K	0.45	7.8K
$83.00	Aug 26	0.48	0.51	$0.50	6.0%	11.2K	0.84	14.4K
$84.00	Aug 26	0.04	0.05	$0.05	20.0%	9.0K	0.15	5.6K
$83.00	Sep 18	1.09	1.11	$1.10	1.8%	9.0K	0.56	73.2K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$83.00	Sep 18	0.79	0.81	$0.80	2.5%	23.4K	0.47	86.6K
$82.00	Sep 18	0.43	0.45	$0.44	4.5%	17.6K	0.30	134.6K
$78.00	Sep 18	0.03	0.04	$0.04	25.0%	6.8K	0.03	83.6K
$81.00	Sep 18	0.23	0.24	$0.24	4.2%	4.4K	0.18	63.1K
$82.00	Sep 25	0.52	0.54	$0.53	3.8%	3.8K	0.32	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. 4 strikes (avg 9.8%, max 15.9%)

CALLS (2)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$83.00	Aug 26	Oct 2	11.5%	9.9%	15.9%	11.8K	16.1K
$84.00	Aug 26	Oct 2	12.8%	12.3%	3.8%	9.1K	6.1K

PUTS (2)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$83.00	Aug 26	Oct 2	11.5%	9.9%	15.9%	3.7K	1.1K
$84.00	Aug 26	Oct 2	12.8%	12.3%	3.8%	11	317

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 88 found (best R:R 2.85, avg 1.92)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$80.00	$80.50	Oct 2	$0.13	$0.37	$0.13	100%	2.85	$80.13
$79.00	$79.50	Oct 2	$0.19	$0.31	$0.19	100%	1.63	$79.19
$83.00	$83.50	Aug 26	$0.33	$0.17	$0.33	84%	0.52	$83.33
$86.00	$87.00	Sep 30	$0.12	$0.88	$0.12	19%	7.33	$86.12
$83.00	$83.50	Aug 28	$0.29	$0.21	$0.29	69%	0.72	$83.29

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	87%	1.94	$86.83
$83.50	$83.00	Oct 2	$0.25	$0.25	$0.25	56%	1.00	$83.25
$83.00	$82.50	Sep 25	$0.20	$0.30	$0.20	47%	1.50	$82.80
$83.00	$82.00	Sep 30	$0.37	$0.63	$0.37	47%	1.70	$82.63
$84.00	$83.00	Sep 30	$0.53	$0.47	$0.53	60%	0.89	$83.47

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 50 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	$0.19	$0.19	$0.31	56%	0.61	$83.69
$84.00	$84.50	Sep 2	$0.12	$0.12	$0.38	70%	0.32	$84.12
$83.50	$84.00	Sep 4	$0.20	$0.20	$0.30	55%	0.67	$83.70
$84.00	$84.50	Oct 2	$0.19	$0.19	$0.31	61%	0.61	$84.19
$84.00	$85.00	Sep 9	$0.22	$0.22	$0.78	66%	0.28	$84.22

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$83.00	$82.00	Sep 9	$0.34	$0.34	$0.66	54%	0.52	$82.66
$83.00	$82.50	Aug 28	$0.11	$0.11	$0.39	69%	0.28	$82.89
$83.00	$82.50	Sep 2	$0.19	$0.19	$0.31	56%	0.61	$82.81
$82.00	$81.00	Sep 9	$0.15	$0.15	$0.85	75%	0.18	$81.85
$83.00	$82.50	Sep 4	$0.20	$0.20	$0.30	55%	0.67	$82.80

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $0.17, cheapest $0.15)

CALLS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$83.50	Aug 26	Aug 28	$0.19	11.9%	12.9%

PUTS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$83.50	Aug 26	Aug 28	$0.15	11.9%	12.9%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 208 found (cheapest 0.50% of stock, avg 4.18%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$83.50	Aug 26	$0.17	$0.25	$0.42	$83.08	$83.92	0.50%
$83.00	Aug 26	$0.50	$0.06	$0.56	$82.44	$83.56	0.67%
$84.00	Aug 26	$0.05	$0.61	$0.66	$83.34	$84.66	0.79%
$83.50	Aug 28	$0.36	$0.40	$0.76	$82.74	$84.26	0.91%
$83.00	Aug 28	$0.65	$0.19	$0.84	$82.16	$83.84	1.01%
$83.50	Aug 31	$0.42	$0.46	$0.88	$82.62	$84.38	1.05%
$84.00	Aug 28	$0.18	$0.72	$0.90	$83.10	$84.90	1.08%
$83.00	Aug 31	$0.71	$0.24	$0.95	$82.05	$83.95	1.14%
$82.50	Aug 26	$0.96	$0.02	$0.98	$81.52	$83.48	1.17%
$84.00	Aug 31	$0.23	$0.77	$1.00	$83.00	$85.00	1.20%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 222 found (cheapest 0.08% of stock, avg 0.89%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$84.00	$82.50	Aug 26	$0.05	$0.02	$0.07	$82.43	$84.07
$85.00	$82.00	Aug 28	$0.04	$0.04	$0.08	$81.92	$85.08
$85.50	$81.00	Sep 2	$0.05	$0.05	$0.10	$80.90	$85.60
$85.50	$82.00	Aug 31	$0.04	$0.06	$0.10	$81.90	$85.60
$87.00	$80.00	Sep 9	$0.06	$0.05	$0.11	$79.89	$87.11
$84.00	$83.00	Aug 26	$0.05	$0.06	$0.11	$82.89	$84.11
$85.00	$82.00	Aug 31	$0.06	$0.06	$0.12	$81.88	$85.12
$84.50	$82.00	Aug 28	$0.08	$0.04	$0.12	$81.88	$84.62
$85.00	$82.50	Aug 28	$0.04	$0.08	$0.12	$82.38	$85.12
$85.50	$81.50	Sep 2	$0.05	$0.08	$0.13	$81.37	$85.63

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 15 found (best R:R 1.17, avg credit $0.28)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
81/82	84/85	Oct 2	$0.27	$0.23	37%	1.17	$81.23	$84.77
81/82	85/86	Sep 25	$0.21	$0.29	48%	0.72	$81.29	$85.21
82/82	85/86	Sep 25	$0.24	$0.26	42%	0.92	$81.76	$85.24
81/82	85/86	Oct 2	$0.23	$0.27	43%	0.85	$81.27	$85.23
81/82	84/85	Sep 25	$0.23	$0.27	42%	0.85	$81.27	$84.73
82/82	84/85	Sep 25	$0.26	$0.24	36%	1.08	$81.74	$84.76
82/82	84/85	Sep 18	$0.24	$0.26	40%	0.92	$81.76	$84.74
82/82	84/84	Sep 4	$0.26	$0.24	35%	1.08	$82.24	$84.26
82/82	84/84	Sep 2	$0.23	$0.27	40%	0.85	$82.27	$84.23
82/83	84/84	Aug 31	$0.23	$0.27	35%	0.85	$82.77	$84.23

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 90 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	42%	4.26
$82.00	$83.00	$84.00	Sep 9	$0.28	$0.72	52%	2.57
$81.00	$82.00	$83.00	Sep 30	$0.12	$0.88	31%	7.33
$82.50	$83.00	$83.50	Aug 26	$0.13	$0.37	55%	2.85
$83.50	$84.00	$84.50	Aug 26	$0.08	$0.42	42%	5.25

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$83.00	$83.50	$84.00	Aug 26	$0.17	$0.33	65%	1.94
$85.00	$86.00	$87.00	Sep 30	$0.05	$0.95	15%	19.00
$83.50	$84.00	$84.50	Aug 26	$0.11	$0.39	42%	3.55
$80.00	$81.00	$82.00	Sep 9	$0.09	$0.91	20%	10.11
$81.00	$82.00	$83.00	Sep 9	$0.19	$0.81	34%	4.26

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 141 found (best net $-0.81, 132 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$82.00	$83.00	1:2	Sep 9	-$0.12	$0.88
$81.00	$82.00	1:2	Sep 9	-$0.66	$0.34
$83.00	$83.50	1:2	Aug 28	-$0.07	$0.43
$82.50	$83.00	1:2	Aug 28	-$0.25	$0.25
$83.00	$83.50	1:2	Aug 31	-$0.13	$0.37

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$100.00	$92.00	1:2	Sep 4	-$0.81	$7.19
$85.50	$84.50	1:2	Aug 26	-$0.09	$0.91
$85.00	$84.00	1:2	Sep 9	-$0.39	$0.61
$84.50	$84.00	1:2	Aug 26	-$0.14	$0.36
$84.00	$83.50	1:2	Aug 28	-$0.08	$0.42

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 66 found (best yield 1.29%, avg 0.37%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$83.50	Oct 2	$1.08	0.46	0.0%	1.29%	1.33%	652	489
$84.00	Oct 2	$0.86	0.39	0.6%	1.03%	1.67%	120	460
$84.00	Sep 30	$0.85	0.40	0.6%	1.02%	1.65%	1.8K	52.2K
$84.50	Oct 2	$0.67	0.33	1.2%	0.80%	2.04%	85	444
$83.50	Sep 25	$0.98	0.46	0.0%	1.17%	1.21%	4.3K	2.6K
$84.00	Sep 25	$0.76	0.39	0.6%	0.91%	1.55%	334	2.7K
$85.00	Sep 30	$0.52	0.28	1.8%	0.62%	2.46%	4.2K	19.4K
$85.00	Oct 2	$0.52	0.28	1.8%	0.62%	2.46%	329	597
$84.50	Sep 25	$0.58	0.33	1.2%	0.69%	1.93%	138	953
$85.50	Oct 2	$0.41	0.23	2.4%	0.49%	2.92%	108	274

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 226,729

Total Puts 111,688

Put/Call Ratio 0.49

Net Difference 115,041

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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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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