TLT - Options Database

TLT

iShares 20+ Year Treasury Bond ETF

$83.27 -0.04%

(8/27 10:00) ◀

Thursday, August 27, 2026 (11:00am)

▶ (8/27 12:00)

◀ 8/27 11:00 ▶

Option Volume

Detail

ℹ

Current (08/27 11:00am) 70,661

Calls: 48,009 (68%)

Puts: 22,652 (32%)

Prior (08/26) 200,332

Calls: 77,793 (39%)

Puts: 122,539 (61%)

Current vs Prior -64.73%

Calls: -38.29% (Calls)

Puts: -81.51% (Puts)

Prior 7-Day Total 3,297,863

Calls: 1,870,546 (57%)

Puts: 1,427,317 (43%)

Prior 7-Day Average 471,123

Calls: 267,220 (57%)

Puts: 203,902 (43%)

Current vs Prior 7-Day Avg -85.00%

Calls: -82.03%

Puts: -88.89%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (08/27 11:00am) $3.11M

Calls: $2.58M (83%)

Puts: $532.3K (17%)

Prior (08/26) $7.74M

Calls: $4.31M (56%)

Puts: $3.43M (44%)

Current vs Prior -59.81%

Calls: -40.23%

Puts: -84.47%

Prior 7-Day Total $174.87M

Calls: $96.27M (55%)

Puts: $78.59M (45%)

Prior 7-Day Average $24.98M

Calls: $13.75M (55%)

Puts: $11.23M (45%)

Current vs Prior 7-Day Avg -87.55%

Calls: -81.25%

Puts: -95.26%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (08/27 11:00am) 0.47

Prior (08/26) 1.58

Current vs Prior -70.05%

Prior 7-Day Average 0.81

Current vs Prior 7-Day Avg -41.39%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (08/27 11:00am) 2,820,718

Calls: 1,676,577 (59%)

Puts: 1,144,141 (41%)

Prior (08/26) 2,857,507

Calls: 1,694,914 (59%)

Puts: 1,162,593 (41%)

Current vs Prior -1.29%

Prior 7-Day Total 22,667,615

Calls: 13,011,339 (57%)

Puts: 9,656,276 (43%)

Prior 7-Day Average 3,238,230

Calls: 1,858,762 (57%)

Puts: 1,379,468 (43%)

Current vs Prior 7-Day Avg -12.89%

Sentiment BEARISH

Expected Move

Detail

ℹ

3DTEWKMO Expiry (08/28) | Next (08/31)Expiry (08/28) | Next (09/04)Expiry (09/18) | Next (10/16)

Current 0.96% | 1.14%0.96% | 1.71%2.41% | 3.88%

Prior 1.10% | 1.27%1.10% | 1.81%2.51% | 3.99%

Current vs Prior -13.01% | -10.35%-13.01% | -5.92%-3.79% | -2.68%

Prior 7-Day Avg 0.91% | 1.18%1.07% | 1.74%1.54% | 3.52%

Current vs 7-Day Avg +5.31% | -3.20%-10.01% | -2.19%+56.83% | +10.07%

Prior 7-Day Eod 1.10% | 1.27%1.09% | 1.82%2.53% | 3.97%

Current vs 7-Day Eod -13.01% | -10.35%-12.06% | -6.54%-4.71% | -2.38%

Sentiment BULLISHBULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 3.68% | 2.12%

Calls: 4.65% | 1.96%

Puts: 2.70% | 2.27%

Prior 2.24% | 1.93%

Calls: 1.85% | 1.64%

Puts: 2.63% | 2.22%

Current vs Prior +64.29% | +9.84%

Prior 7-Day Avg 6.82% | 3.40%

Calls: 7.18% | 2.96%

Puts: 6.45% | 3.85%

Current vs 7-Day Avg -46.02% | -37.67%

Liquidity Good

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🤖 AI Insights

Strong bullish conviction with 83% of dollar volume in calls ($2.58M) vs puts ($532.3K). Light premium activity with dollar volume down 60% vs prior. Below-average activity with volume down 65% vs prior. Extreme bullish P/C ratio of 0.47 - heavy call buying (48,009 calls vs 22,652 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 BULLISH

Current BULLISH

Prior BEARISH

7-Day Avg NEUTRAL

Current BULLISH

Prior BEARISH

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	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 332 of results (avg 3.1%, best 0.6%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.00	Sep 18	1.56	1.57	$1.57	0.6%	185	0.75	86.0K
$82.50	Sep 25	1.38	1.39	$1.38	0.7%	36	0.62	6.5K
$70.00	Aug 28	13.25	13.35	$13.30	0.8%	10	1.00	10
$71.00	Aug 28	12.25	12.35	$12.30	0.8%	10	1.00	14
$82.50	Sep 18	1.22	1.23	$1.23	0.8%	40	0.64	3.5K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$84.50	Oct 2	2.04	2.06	$2.05	1.0%	--	0.70	58
$83.00	Sep 30	0.95	0.96	$0.96	1.0%	46	0.50	12.6K
$83.50	Sep 11	0.94	0.95	$0.95	1.1%	5	0.61	566
$97.00	Sep 18	13.95	14.10	$14.02	1.1%	--	0.99	298
$83.00	Sep 25	0.89	0.90	$0.90	1.1%	38	0.50	301

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 162 found (avg $0.34, cheapest $0.14)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$83.50	Aug 28	0.16	0.17	$0.17	5.9%	3.0K	0.37	16.0K
$84.00	Aug 31	0.09	0.10	$0.10	10.0%	551	0.21	3.6K
$84.50	Sep 2	0.05	0.06	$0.06	16.7%	109	0.10	221
$83.50	Aug 31	0.24	0.25	$0.25	4.0%	2.0K	0.40	10.4K
$83.00	Aug 28	0.42	0.44	$0.43	4.7%	577	0.68	32.4K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$83.00	Aug 28	0.13	0.14	$0.14	7.1%	2.0K	0.32	9.3K
$82.50	Aug 31	0.07	0.08	$0.08	12.5%	1.6K	0.17	3.8K
$83.00	Aug 31	0.20	0.21	$0.21	4.8%	848	0.36	936
$83.50	Aug 28	0.36	0.37	$0.37	2.7%	179	0.63	5.3K
$82.00	Sep 2	0.10	0.11	$0.11	9.1%	2.5K	0.18	2.4K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 241 found (avg delta 0.89, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$78.00	Aug 31	5.25	5.40	$5.33	2.8%	--	1.00	11
$79.00	Aug 31	4.25	4.40	$4.33	3.5%	--	1.00	22
$80.00	Aug 31	3.25	3.40	$3.33	4.5%	2	1.00	30
$80.50	Aug 31	2.77	2.86	$2.82	3.2%	1	1.00	4
$81.00	Aug 31	2.26	2.36	$2.31	4.3%	4	1.00	473

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$85.00	Aug 28	1.68	1.75	$1.72	4.1%	39	1.00	16
$87.00	Aug 28	3.65	3.75	$3.70	2.7%	33	1.00	--
$98.00	Sep 18	14.90	15.10	$15.00	1.3%	--	0.99	16
$99.00	Sep 30	15.90	16.10	$16.00	1.3%	--	0.99	172
$94.00	Sep 18	10.95	11.10	$11.02	1.4%	--	0.99	1.7K

Most actively traded options today. High liquidity = easy entry/exit. 286 active (total vol 70.6K, top 7.9K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$83.50	Sep 11	0.51	0.52	$0.52	1.9%	7.9K	0.41	4.2K
$84.50	Sep 18	0.35	0.36	$0.36	2.8%	7.6K	0.26	2.5K
$83.00	Aug 31	0.50	0.51	$0.51	2.0%	4.3K	0.64	19.8K
$83.50	Aug 28	0.16	0.17	$0.17	5.9%	3.0K	0.37	16.0K
$85.00	Sep 18	0.25	0.26	$0.26	3.8%	2.3K	0.20	103.3K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.00	Sep 2	0.10	0.11	$0.11	9.1%	2.5K	0.18	2.4K
$81.50	Sep 2	0.04	0.05	$0.05	20.0%	2.5K	0.09	654
$83.00	Aug 28	0.13	0.14	$0.14	7.1%	2.0K	0.32	9.3K
$82.50	Aug 31	0.07	0.08	$0.08	12.5%	1.6K	0.17	3.8K
$82.50	Aug 28	0.03	0.04	$0.04	25.0%	1.3K	0.11	5.9K

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 22.6%, max 36.9%)

CALLS (2)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$83.00	Aug 28	Oct 2	12.7%	9.6%	32.4%	586	34.3K
$83.50	Aug 28	Oct 9	13.4%	12.1%	10.6%	3.0K	16.0K

PUTS (2)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$83.00	Aug 28	Oct 9	12.7%	9.3%	36.9%	2.0K	9.3K
$83.50	Aug 28	Oct 9	13.4%	12.1%	10.6%	248	5.3K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 84 found (best R:R 0.52, avg 1.91)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$79.50	$80.00	Oct 2	$0.33	$0.17	$0.33	100%	0.52	$79.83
$85.00	$85.50	Oct 9	$0.10	$0.40	$0.10	26%	4.00	$85.10
$82.50	$83.00	Sep 11	$0.30	$0.20	$0.30	68%	0.67	$82.80
$84.00	$84.50	Sep 11	$0.11	$0.39	$0.11	30%	3.55	$84.11
$83.00	$83.50	Aug 28	$0.26	$0.24	$0.26	68%	0.92	$83.26

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$83.00	$82.00	Oct 9	$0.43	$0.57	$0.43	54%	1.33	$82.57
$82.50	$82.00	Sep 25	$0.16	$0.34	$0.16	41%	2.12	$82.34
$82.00	$81.00	Sep 30	$0.23	$0.77	$0.23	34%	3.35	$81.77
$84.00	$83.00	Sep 30	$0.56	$0.44	$0.56	63%	0.79	$83.44
$83.00	$82.50	Sep 18	$0.21	$0.29	$0.21	50%	1.38	$82.79

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 51 found (best R:R 0.43, avg 0.46)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$83.50	$84.00	Sep 2	$0.15	$0.15	$0.35	64%	0.43	$83.65
$83.50	$84.00	Aug 28	$0.12	$0.12	$0.38	63%	0.32	$83.62
$83.50	$84.00	Aug 31	$0.15	$0.15	$0.35	60%	0.43	$83.65
$84.00	$85.00	Sep 30	$0.30	$0.30	$0.70	63%	0.43	$84.30
$83.50	$84.00	Oct 2	$0.21	$0.21	$0.29	57%	0.72	$83.71

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$83.00	$82.50	Aug 28	$0.10	$0.10	$0.40	68%	0.25	$82.90
$83.00	$82.50	Aug 31	$0.13	$0.13	$0.37	64%	0.35	$82.87
$82.50	$82.00	Sep 2	$0.12	$0.12	$0.38	68%	0.32	$82.38
$82.50	$82.00	Sep 4	$0.14	$0.14	$0.36	65%	0.39	$82.36
$83.00	$82.50	Sep 2	$0.20	$0.20	$0.30	50%	0.67	$82.80

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 4 found (avg debit $0.08, cheapest $0.07)

CALLS (2)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$83.00	Aug 28	Aug 31	$0.08	12.7%	8.8%
$83.50	Aug 28	Aug 31	$0.08	13.4%	9.7%

PUTS (2)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$83.00	Aug 28	Aug 31	$0.07	12.7%	8.8%
$83.50	Aug 28	Aug 31	$0.07	13.4%	9.7%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 196 found (cheapest 0.65% of stock, avg 4.23%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$83.50	Aug 28	$0.17	$0.37	$0.54	$82.96	$84.04	0.65%
$83.00	Aug 28	$0.43	$0.14	$0.57	$82.43	$83.57	0.68%
$83.50	Aug 31	$0.25	$0.44	$0.69	$82.81	$84.19	0.83%
$83.00	Aug 31	$0.51	$0.21	$0.72	$82.28	$83.72	0.86%
$84.00	Aug 28	$0.05	$0.75	$0.80	$83.20	$84.80	0.96%
$82.50	Aug 28	$0.84	$0.04	$0.88	$81.62	$83.38	1.06%
$84.00	Aug 31	$0.10	$0.80	$0.90	$83.10	$84.90	1.08%
$83.00	Sep 2	$0.53	$0.43	$0.96	$82.04	$83.96	1.15%
$82.50	Aug 31	$0.89	$0.08	$0.97	$81.53	$83.47	1.16%
$83.50	Sep 2	$0.28	$0.73	$1.01	$82.49	$84.51	1.21%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 224 found (cheapest 0.08% of stock, avg 0.81%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$84.50	$82.00	Aug 31	$0.04	$0.03	$0.07	$81.93	$84.57
$85.00	$81.50	Sep 2	$0.03	$0.05	$0.08	$81.42	$85.08
$85.50	$80.50	Sep 4	$0.05	$0.04	$0.09	$80.41	$85.59
$84.00	$82.50	Aug 28	$0.05	$0.04	$0.09	$82.41	$84.09
$84.50	$81.50	Sep 2	$0.06	$0.05	$0.11	$81.39	$84.61
$85.50	$81.00	Sep 4	$0.05	$0.06	$0.11	$80.89	$85.61
$85.00	$80.50	Sep 4	$0.07	$0.04	$0.11	$80.39	$85.11
$84.50	$82.50	Aug 31	$0.04	$0.08	$0.12	$82.38	$84.62
$85.00	$81.00	Sep 4	$0.07	$0.06	$0.13	$80.87	$85.13
$85.50	$80.50	Sep 9	$0.08	$0.06	$0.14	$80.36	$85.64

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 10 found (best R:R 1.27, avg credit $0.26)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
82/82	84/84	Sep 18	$0.28	$0.22	35%	1.27	$81.72	$84.28
81/82	84/85	Oct 2	$0.26	$0.24	39%	1.08	$81.24	$84.76
80/81	85/86	Oct 9	$0.21	$0.29	47%	0.72	$80.79	$85.21
81/82	84/85	Sep 25	$0.22	$0.28	45%	0.79	$81.28	$84.72
82/82	84/85	Sep 25	$0.25	$0.25	37%	1.00	$81.75	$84.75
81/82	85/86	Oct 9	$0.23	$0.27	41%	0.85	$81.27	$85.23
82/82	84/84	Sep 11	$0.22	$0.28	42%	0.79	$81.78	$84.22
80/81	85/86	Sep 30	$0.32	$0.68	53%	0.47	$80.68	$85.32
81/82	85/86	Sep 30	$0.41	$0.59	41%	0.69	$81.59	$85.41
79/80	85/86	Oct 9	$0.21	$0.79	56%	0.27	$79.79	$85.21

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 80 found (best R:R 6.69, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$81.00	$82.00	$83.00	Sep 30	$0.13	$0.87	33%	6.69
$82.00	$82.50	$83.00	Sep 2	$0.08	$0.42	43%	5.25
$81.50	$82.50	$83.50	Oct 9	$0.15	$0.85	33%	5.67
$83.00	$83.50	$84.00	Aug 28	$0.14	$0.36	55%	2.57
$82.00	$82.50	$83.00	Sep 4	$0.08	$0.42	40%	5.25

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$82.50	$83.00	$83.50	Aug 28	$0.13	$0.37	52%	2.85
$82.50	$83.00	$83.50	Aug 31	$0.10	$0.40	43%	4.00
$83.00	$83.50	$84.00	Aug 28	$0.15	$0.35	55%	2.33
$80.00	$81.00	$82.00	Sep 30	$0.09	$0.91	21%	10.11
$83.50	$84.00	$84.50	Aug 31	$0.07	$0.43	31%	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. 144 found (best net $-1.04, 137 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$75.00	$78.00	1:2	Sep 2	-$2.34	$0.66
$82.50	$83.00	1:2	Aug 31	-$0.13	$0.37
$82.50	$83.00	1:2	Sep 2	-$0.16	$0.34
$84.00	$85.00	1:2	Sep 30	-$0.13	$0.87
$83.00	$84.00	1:2	Sep 30	-$0.28	$0.72

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$93.00	$88.50	1:2	Sep 25	-$1.04	$3.46
$84.00	$83.50	1:2	Aug 31	-$0.08	$0.42
$83.00	$82.00	1:2	Sep 30	-$0.16	$0.84
$84.50	$84.00	1:2	Aug 28	-$0.29	$0.21
$85.00	$84.00	1:2	Sep 18	-$0.59	$0.41

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 66 found (best yield 1.24%, avg 0.35%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$83.50	Oct 9	$1.03	0.43	0.3%	1.24%	1.51%	29	--
$84.00	Oct 9	$0.82	0.37	0.9%	0.98%	1.86%	1	--
$83.50	Oct 2	$0.94	0.43	0.3%	1.13%	1.41%	11	897
$84.00	Sep 30	$0.72	0.37	0.9%	0.86%	1.74%	100	52.7K
$84.00	Oct 2	$0.73	0.36	0.9%	0.88%	1.75%	--	1.1K
$85.00	Oct 9	$0.51	0.26	2.1%	0.61%	2.69%	10	--
$83.50	Sep 25	$0.84	0.43	0.3%	1.01%	1.28%	15	5.7K
$84.50	Oct 2	$0.56	0.30	1.5%	0.67%	2.15%	1	546
$84.00	Sep 25	$0.64	0.36	0.9%	0.77%	1.65%	35	3.1K
$85.50	Oct 9	$0.41	0.22	2.7%	0.49%	3.17%	1	--

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 48,009

Total Puts 22,652

Put/Call Ratio 0.47

Net Difference 25,357

Prior's Put/Call Breakdown

Total Calls 77,793

Total Puts 122,539

Put/Call Ratio 1.58

Net Difference -44,746

Prior 7-Day Put/Call Summary

Total Calls 1,870,546

Total Puts 1,427,317

Average Put/Call Ratio 0.81

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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