TLT - Options Database

TLT

iShares 20+ Year Treasury Bond ETF

$83.23 -0.29%

(8/26 10:00) ◀

Wednesday, August 26, 2026 (11:00am)

▶ (8/26 12:00)

◀ 8/26 11:00 ▶

Option Volume

Detail

ℹ

Current (08/26 11:00am) 200,332

Calls: 77,793 (39%)

Puts: 122,539 (61%)

Prior (08/25) 164,333

Calls: 98,197 (60%)

Puts: 66,136 (40%)

Current vs Prior +21.91%

Calls: -20.78% (Calls)

Puts: +85.28% (Puts)

Prior 7-Day Total 3,372,662

Calls: 1,906,666 (57%)

Puts: 1,465,996 (43%)

Prior 7-Day Average 481,808

Calls: 272,380 (57%)

Puts: 209,428 (43%)

Current vs Prior 7-Day Avg -58.42%

Calls: -71.44%

Puts: -41.49%

Sentiment BEARISH

Dollar Volume

Detail

ℹ

Current (08/26 11:00am) $7.74M

Calls: $4.31M (56%)

Puts: $3.43M (44%)

Prior (08/25) $7.67M

Calls: $4.43M (58%)

Puts: $3.24M (42%)

Current vs Prior +0.89%

Calls: -2.59%

Puts: +5.64%

Prior 7-Day Total $195.19M

Calls: $96.80M (50%)

Puts: $98.39M (50%)

Prior 7-Day Average $27.88M

Calls: $13.83M (50%)

Puts: $14.06M (50%)

Current vs Prior 7-Day Avg -72.24%

Calls: -68.80%

Puts: -75.62%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (08/26 11:00am) 1.58

Prior (08/25) 0.67

Current vs Prior +133.88%

Prior 7-Day Average 0.81

Current vs Prior 7-Day Avg +95.62%

Sentiment BEARISH

Open Interest

Detail

ℹ

Current (08/26 11:00am) 2,857,507

Calls: 1,694,914 (59%)

Puts: 1,162,593 (41%)

Prior (08/25) 2,767,190

Calls: 1,607,036 (58%)

Puts: 1,160,154 (42%)

Current vs Prior +3.26%

Prior 7-Day Total 23,191,447

Calls: 13,181,976 (57%)

Puts: 10,009,471 (43%)

Prior 7-Day Average 3,313,063

Calls: 1,883,139 (57%)

Puts: 1,429,924 (43%)

Current vs Prior 7-Day Avg -13.75%

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 0.65% | 1.13%1.13% | 1.84%2.55% | 3.99%

Prior 0.90% | 1.26%1.26% | 1.90%2.58% | 4.00%

Current vs Prior -27.79% | -10.22%-10.22% | -3.50%-1.11% | -0.31%

Prior 7-Day Avg 0.91% | 1.19%1.11% | 1.76%1.27% | 3.44%

Current vs 7-Day Avg -28.48% | -5.36%+2.09% | +4.55%+100.80% | +15.93%

Prior 7-Day Eod 0.90% | 1.26%1.28% | 1.93%2.59% | 4.01%

Current vs 7-Day Eod -27.79% | -10.22%-11.90% | -4.69%-1.57% | -0.61%

Sentiment BULLISHBULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 18.41% | 2.12%

Calls: 15.38% | 2.08%

Puts: 21.43% | 2.17%

Prior 5.46% | 3.27%

Calls: 7.69% | 1.54%

Puts: 3.23% | 5.00%

Current vs Prior +237.18% | -35.17%

Prior 7-Day Avg 6.98% | 3.39%

Calls: 7.45% | 2.93%

Puts: 6.50% | 3.85%

Current vs 7-Day Avg +163.81% | -37.52%

Liquidity Good

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🤖 AI Insights

Extreme bearish P/C ratio of 1.58 - heavy put buying. P/C ratio rising 134% - increased hedging/bearish positioning.

Smart Money BULLISH

Retail Flow BEARISH

Overall BEARISH

Dollar Volume

Option Volume

Put/Call Ratio

Open Interest

Expected Move

Current BULLISH

Prior BULLISH

7-Day Avg BEARISH

Current BEARISH

Prior BULLISH

7-Day Avg NEUTRAL

Current BEARISH

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
11:00	BULLISH	BEARISH	BEARISH
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

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Tightest Spreads

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Best Value <$1

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High Delta

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Ratio Spreads

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Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 355 of results (avg 3.1%, best 0.5%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.00	Sep 30	1.83	1.84	$1.84	0.5%	17	0.67	7.8K
$82.00	Sep 18	1.59	1.60	$1.60	0.6%	399	0.71	87.0K
$70.00	Aug 28	13.20	13.30	$13.25	0.8%	--	1.00	10
$70.00	Sep 30	13.20	13.30	$13.25	0.8%	--	1.00	155
$71.00	Aug 28	12.20	12.30	$12.25	0.8%	--	1.00	14

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$99.00	Sep 30	15.95	16.10	$16.02	0.9%	--	0.99	172
$99.00	Aug 26	15.70	15.85	$15.77	1.0%	13	1.00	--
$83.50	Sep 11	1.01	1.02	$1.02	1.0%	416	0.61	778
$98.00	Aug 26	14.70	14.85	$14.77	1.0%	11	1.00	--
$83.00	Sep 25	0.96	0.97	$0.97	1.0%	22	0.51	278

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 157 found (avg $0.34, cheapest $0.26)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$83.00	Aug 26	0.24	0.28	$0.26	15.4%	3.0K	0.82	9.6K
$84.00	Aug 28	0.08	0.09	$0.09	11.1%	929	0.19	10.4K
$84.50	Aug 31	0.05	0.06	$0.06	16.7%	17	0.11	832
$83.50	Aug 28	0.21	0.22	$0.22	4.5%	10.2K	0.38	10.0K
$84.00	Aug 31	0.13	0.14	$0.14	7.1%	886	0.23	3.2K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.50	Aug 28	0.08	0.09	$0.09	11.1%	771	0.18	5.1K
$82.00	Aug 31	0.05	0.06	$0.06	16.7%	6	0.11	2.0K
$83.00	Aug 28	0.20	0.21	$0.21	4.8%	2.0K	0.37	5.6K
$82.50	Aug 31	0.12	0.13	$0.13	7.7%	247	0.22	3.0K
$83.00	Aug 31	0.26	0.27	$0.27	3.7%	414	0.40	742

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 276 found (avg delta 0.90, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$70.00	Sep 2	13.20	13.35	$13.27	1.1%	--	1.00	16
$71.00	Sep 2	12.20	12.35	$12.27	1.2%	--	1.00	48
$75.00	Sep 2	8.20	8.35	$8.27	1.8%	--	1.00	99
$78.00	Sep 2	5.20	5.35	$5.28	2.8%	--	1.00	26
$79.00	Sep 2	4.20	4.35	$4.28	3.5%	--	1.00	560

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$84.50	Aug 26	1.24	1.32	$1.28	6.3%	26	1.00	19
$85.00	Aug 26	1.73	1.82	$1.78	5.1%	8	1.00	--
$85.50	Aug 26	2.22	2.32	$2.27	4.4%	39	1.00	--
$86.00	Aug 26	2.72	2.82	$2.77	3.6%	30	1.00	--
$86.50	Aug 26	3.20	3.35	$3.28	4.6%	29	1.00	1

Most actively traded options today. High liquidity = easy entry/exit. 318 active (total vol 200.3K, top 65.1K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$83.50	Aug 26	0.01	0.02	$0.02	50.0%	10.9K	0.13	18.6K
$83.50	Aug 28	0.21	0.22	$0.22	4.5%	10.2K	0.38	10.0K
$83.00	Sep 30	1.21	1.23	$1.22	1.6%	8.7K	0.51	10.4K
$84.00	Sep 4	0.23	0.24	$0.24	4.2%	6.6K	0.26	36.6K
$85.00	Sep 18	0.28	0.29	$0.29	3.4%	6.4K	0.21	104.8K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$78.00	Sep 18	0.04	0.05	$0.05	20.0%	65.1K	0.04	83.1K
$82.00	Sep 18	0.48	0.49	$0.49	2.0%	10.5K	0.33	125.7K
$80.50	Sep 2	0.02	0.03	$0.03	33.3%	7.8K	0.04	7.9K
$80.00	Sep 18	0.13	0.14	$0.14	7.1%	4.3K	0.11	117.9K
$83.00	Sep 4	0.59	0.60	$0.60	1.7%	4.0K	0.50	1.4K

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 26.6%, max 26.6%)

CALLS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$83.00	Aug 26	Oct 2	12.6%	9.9%	26.6%	3.1K	11.7K

PUTS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$83.00	Aug 26	Oct 2	12.6%	9.9%	26.6%	3.2K	2.3K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 83 found (best R:R 0.72, avg 1.79)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$79.00	$79.50	Oct 2	$0.29	$0.21	$0.29	100%	0.72	$79.29
$86.00	$87.00	Sep 30	$0.10	$0.90	$0.10	17%	9.00	$86.10
$84.50	$85.00	Sep 18	$0.10	$0.40	$0.10	27%	4.00	$84.60
$85.00	$86.00	Sep 30	$0.18	$0.82	$0.18	26%	4.56	$85.18
$82.50	$83.00	Sep 18	$0.28	$0.22	$0.28	61%	0.79	$82.78

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$86.00	$85.50	Oct 2	$0.27	$0.23	$0.27	83%	0.85	$85.73
$83.00	$82.00	Sep 30	$0.39	$0.61	$0.39	51%	1.56	$82.61
$83.00	$82.50	Sep 18	$0.21	$0.29	$0.21	51%	1.38	$82.79
$82.00	$81.50	Sep 25	$0.13	$0.37	$0.13	35%	2.85	$81.87
$83.00	$82.50	Oct 2	$0.23	$0.27	$0.23	53%	1.17	$82.77

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 46 found (best R:R 0.67, avg 0.47)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$83.50	$84.00	Sep 18	$0.20	$0.20	$0.30	58%	0.67	$83.70
$83.50	$84.00	Aug 28	$0.13	$0.13	$0.37	62%	0.35	$83.63
$83.50	$84.00	Sep 4	$0.16	$0.16	$0.34	62%	0.47	$83.66
$84.00	$85.00	Sep 30	$0.30	$0.30	$0.70	63%	0.43	$84.30
$83.50	$84.00	Aug 31	$0.15	$0.15	$0.35	60%	0.43	$83.65

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$83.00	$82.50	Sep 2	$0.21	$0.21	$0.29	51%	0.72	$82.79
$82.50	$82.00	Sep 2	$0.13	$0.13	$0.37	66%	0.35	$82.37
$83.00	$82.50	Aug 28	$0.12	$0.12	$0.38	63%	0.32	$82.88
$82.50	$82.00	Sep 4	$0.15	$0.15	$0.35	63%	0.43	$82.35
$83.00	$82.50	Aug 31	$0.14	$0.14	$0.36	60%	0.39	$82.86

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

No setups found for this strategy

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 212 found (cheapest 0.35% of stock, avg 4.21%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$83.00	Aug 26	$0.26	$0.03	$0.29	$82.71	$83.29	0.35%
$83.50	Aug 26	$0.02	$0.28	$0.30	$83.20	$83.80	0.36%
$83.50	Aug 28	$0.22	$0.46	$0.68	$82.82	$84.18	0.82%
$83.00	Aug 28	$0.48	$0.21	$0.69	$82.31	$83.69	0.83%
$82.50	Aug 26	$0.73	$0.01	$0.74	$81.76	$83.24	0.89%
$84.00	Aug 26	$0.01	$0.77	$0.78	$83.22	$84.78	0.94%
$83.50	Aug 31	$0.29	$0.52	$0.81	$82.69	$84.31	0.97%
$83.00	Aug 31	$0.55	$0.27	$0.82	$82.18	$83.82	0.99%
$84.00	Aug 28	$0.09	$0.83	$0.92	$83.08	$84.92	1.11%
$82.50	Aug 28	$0.85	$0.09	$0.94	$81.56	$83.44	1.13%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 221 found (cheapest 0.06% of stock, avg 0.80%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$83.50	$83.00	Aug 26	$0.02	$0.03	$0.05	$82.95	$83.55
$84.50	$82.00	Aug 28	$0.03	$0.04	$0.07	$81.93	$84.57
$85.00	$81.50	Aug 31	$0.04	$0.03	$0.07	$81.43	$85.07
$84.50	$81.50	Aug 31	$0.06	$0.03	$0.09	$81.41	$84.59
$85.00	$81.00	Sep 2	$0.05	$0.05	$0.10	$80.90	$85.10
$85.00	$82.00	Aug 31	$0.04	$0.06	$0.10	$81.90	$85.10
$84.50	$82.00	Aug 31	$0.06	$0.06	$0.12	$81.88	$84.62
$84.50	$82.50	Aug 28	$0.03	$0.09	$0.12	$82.38	$84.62
$86.00	$80.00	Sep 9	$0.07	$0.06	$0.13	$79.87	$86.13
$85.50	$80.50	Sep 4	$0.07	$0.06	$0.13	$80.37	$85.63

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 9 found (best R:R 1.00, avg credit $0.26)

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
81/82	84/85	Oct 2	$0.27	$0.23	38%	1.17	$81.23	$84.77
82/82	84/84	Sep 18	$0.28	$0.22	33%	1.27	$81.72	$84.28
82/82	84/85	Sep 25	$0.26	$0.24	36%	1.08	$81.74	$84.76
82/82	84/84	Sep 9	$0.22	$0.28	43%	0.79	$81.78	$84.22
82/82	84/84	Sep 11	$0.24	$0.26	39%	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	$0.25	$0.75	60%	0.33	$80.75	$86.25
80/81	85/86	Sep 30	$0.33	$0.67	51%	0.49	$80.67	$85.33

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 83 found (best R:R 1.17, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$82.50	$83.00	$83.50	Aug 26	$0.23	$0.27	84%	1.17
$83.00	$83.50	$84.00	Aug 26	$0.23	$0.27	79%	1.17
$81.00	$82.00	$83.00	Sep 30	$0.13	$0.87	31%	6.69
$82.00	$82.50	$83.00	Sep 2	$0.06	$0.44	36%	7.33
$80.00	$81.00	$82.00	Sep 30	$0.11	$0.89	25%	8.09

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$82.50	$83.00	$83.50	Aug 26	$0.23	$0.27	84%	1.17
$83.00	$83.50	$84.00	Aug 26	$0.24	$0.26	78%	1.08
$83.00	$83.50	$84.00	Aug 28	$0.12	$0.38	45%	3.17
$81.00	$82.00	$83.00	Sep 30	$0.14	$0.86	28%	6.14
$79.00	$80.00	$81.00	Sep 30	$0.06	$0.94	14%	15.67

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 143 found (best net $-1.05, 137 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$74.00	$78.00	1:2	Aug 31	-$1.29	$2.71
$80.50	$82.00	1:2	Sep 9	-$0.01	$1.49
$75.00	$78.00	1:2	Sep 2	-$2.29	$0.71
$82.00	$82.50	1:2	Aug 26	-$0.22	$0.28
$82.50	$83.00	1:2	Aug 28	-$0.11	$0.39

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$93.00	$88.50	1:2	Sep 25	-$1.05	$3.45
$86.50	$85.00	1:2	Aug 28	-$0.26	$1.24
$84.00	$83.50	1:2	Aug 28	-$0.09	$0.41
$84.50	$84.00	1:2	Aug 26	-$0.26	$0.24
$84.00	$83.50	1:2	Aug 31	-$0.17	$0.33

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 63 found (best yield 1.17%, avg 0.33%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$83.50	Oct 2	$0.97	0.43	0.3%	1.17%	1.49%	281	944
$84.00	Sep 30	$0.75	0.37	0.9%	0.90%	1.83%	625	52.3K
$84.00	Oct 2	$0.76	0.36	0.9%	0.91%	1.84%	5	563
$83.50	Sep 25	$0.87	0.43	0.3%	1.05%	1.37%	92	6.1K
$84.50	Oct 2	$0.59	0.30	1.5%	0.71%	2.23%	4	526
$84.00	Sep 25	$0.67	0.36	0.9%	0.80%	1.73%	48	2.7K
$85.00	Sep 30	$0.45	0.26	2.1%	0.54%	2.67%	196	20.1K
$85.00	Oct 2	$0.46	0.25	2.1%	0.55%	2.68%	10	689
$84.50	Sep 25	$0.51	0.30	1.5%	0.61%	2.14%	13	984
$83.50	Sep 18	$0.73	0.42	0.3%	0.88%	1.20%	134	6.5K

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 77,793

Total Puts 122,539

Put/Call Ratio 1.58

Net Difference -44,746

Prior's Put/Call Breakdown

Total Calls 98,197

Total Puts 66,136

Put/Call Ratio 0.67

Net Difference 32,061

Prior 7-Day Put/Call Summary

Total Calls 1,906,666

Total Puts 1,465,996

Average Put/Call Ratio 0.81

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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