TLT - Options Database

TLT

iShares 20+ Year Treasury Bond ETF

$83.29 +0.19%

(8/27 19:06) ◀

Friday, August 28, 2026 (10:00am)

▶ (8/28 11:00)

◀ 8/28 10:00 ▶

Option Volume

Detail

ℹ

Current (08/28 10:00am) 151,612

Calls: 55,173 (36%)

Puts: 96,439 (64%)

Prior (08/27) 35,566

Calls: 22,083 (62%)

Puts: 13,483 (38%)

Current vs Prior +326.28%

Calls: +149.84% (Calls)

Puts: +615.26% (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 -67.82%

Calls: -79.35%

Puts: -52.70%

Sentiment BEARISH

Dollar Volume

Detail

ℹ

Current (08/28 10:00am) $3.54M

Calls: $1.97M (56%)

Puts: $1.57M (44%)

Prior (08/27) $941.4K

Calls: $754.4K (80%)

Puts: $187.0K (20%)

Current vs Prior +276.30%

Calls: +161.18%

Puts: +740.62%

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 -85.82%

Calls: -85.67%

Puts: -86.00%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (08/28 10:00am) 1.75

Prior (08/27) 0.61

Current vs Prior +186.28%

Prior 7-Day Average 0.81

Current vs Prior 7-Day Avg +117.13%

Sentiment BEARISH

Open Interest

Detail

ℹ

Current (08/28 10:00am) 2,939,022

Calls: 1,769,249 (60%)

Puts: 1,169,773 (40%)

Prior (08/27) 2,820,718

Calls: 1,676,577 (59%)

Puts: 1,144,141 (41%)

Current vs Prior +4.19%

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 -9.24%

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 0.97% | 1.08%0.97% | 1.63%2.52% | 4.01%

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

Current vs Prior -11.95% | -15.08%-11.94% | -9.92%+0.49% | +0.61%

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

Current vs 7-Day Avg +6.60% | -8.32%-8.91% | -6.35%+63.82% | +13.79%

Prior 7-Day Eod 1.10% | 1.27%0.93% | 1.74%2.47% | 3.97%

Current vs 7-Day Eod -11.95% | -15.08%+4.99% | -6.39%+2.24% | +1.02%

Sentiment BULLISHBULLISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 59.59% | 27.08%

Calls: 38.10% | 22.45%

Puts: 81.08% | 31.71%

Prior 2.24% | 1.93%

Calls: 1.85% | 1.64%

Puts: 2.63% | 2.22%

Current vs Prior +2560.27% | +1303.11%

Prior 7-Day Avg 6.82% | 3.40%

Calls: 7.18% | 2.96%

Puts: 6.45% | 3.85%

Current vs 7-Day Avg +774.12% | +696.14%

Liquidity Expensive

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🤖 AI Insights

Massive premium surge with dollar volume up 276% vs prior. Unusually high activity with volume up 326% vs prior - elevated interest. Extreme bearish P/C ratio of 1.75 - heavy put buying. P/C ratio rising 186% - 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 BULLISH

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
16:00	BULLISH	BULLISH	BULLISH
15:00	BULLISH	BULLISH	BULLISH
14:00	BULLISH	BULLISH	BULLISH
13:00	BULLISH	NEUTRAL	BULLISH
12:00	BULLISH	BULLISH	BULLISH
11:00	BULLISH	BULLISH	BULLISH
10:00	BULLISH	BEARISH	BEARISH

📈 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 40 of results (avg 7.3%, best 4.1%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$71.00	Sep 2	12.00	12.50	$12.25	4.1%	--	0.86	48
$71.00	Sep 11	12.00	12.50	$12.25	4.1%	--	0.86	34
$70.00	Sep 4	13.00	13.55	$13.28	4.1%	--	1.00	64
$70.00	Aug 28	12.95	13.50	$13.23	4.2%	5	1.00	17
$70.00	Sep 2	12.95	13.50	$13.23	4.2%	--	0.86	16

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$90.00	Aug 28	6.50	6.85	$6.68	5.2%	12	0.99	--
$90.50	Aug 28	7.10	7.50	$7.30	5.5%	1	0.78	100
$92.00	Sep 4	8.80	9.30	$9.05	5.5%	--	0.98	47
$92.00	Aug 28	8.50	9.05	$8.78	6.3%	1	0.79	8
$91.00	Aug 28	7.50	8.00	$7.75	6.5%	1	0.78	--

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 3 found (avg $0.44, cheapest $0.06)

CALLS (2)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$85.00	Sep 18	0.25	0.30	$0.28	17.9%	667	0.20	105.1K
$83.00	Sep 18	0.88	1.07	$0.98	19.4%	4.2K	0.52	73.5K

PUTS (1)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$80.00	Sep 11	0.05	0.06	$0.06	16.7%	3	0.06	2.7K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 247 found (avg delta 0.88, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$70.00	Aug 28	12.95	13.50	$13.23	4.2%	5	1.00	17
$75.00	Aug 28	7.95	8.55	$8.25	7.3%	4	1.00	4.9K
$76.00	Aug 28	6.95	7.65	$7.30	9.6%	4	1.00	5.1K
$77.00	Aug 28	5.90	6.50	$6.20	9.7%	--	1.00	60
$78.00	Aug 28	5.00	5.50	$5.25	9.5%	164	1.00	63

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$89.50	Aug 28	5.85	6.45	$6.15	9.8%	25	0.99	--
$90.00	Aug 28	6.50	6.85	$6.68	5.2%	12	0.99	--
$88.50	Aug 28	4.95	5.55	$5.25	11.4%	27	0.99	--
$89.00	Aug 28	5.50	6.05	$5.78	9.5%	34	0.99	--
$87.50	Aug 28	3.90	4.55	$4.22	15.4%	15	0.99	--

Most actively traded options today. High liquidity = easy entry/exit. 247 active (total vol 150.9K, top 65.0K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$84.00	Aug 28	0.02	0.06	$0.04	100.0%	10.0K	0.12	20.5K
$83.50	Aug 28	0.10	0.13	$0.12	25.0%	8.9K	0.32	21.4K
$83.50	Aug 31	0.19	0.24	$0.22	22.7%	8.5K	0.39	12.3K
$83.50	Sep 4	0.12	0.45	$0.29	113.8%	5.2K	0.36	19.4K
$83.00	Sep 18	0.88	1.07	$0.98	19.4%	4.2K	0.52	73.5K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$80.00	Sep 18	0.10	0.15	$0.13	38.5%	65.0K	0.11	118.2K
$82.50	Aug 28	0.01	0.05	$0.03	133.3%	11.1K	0.11	8.9K
$82.00	Sep 2	0.06	0.13	$0.10	70.0%	7.0K	0.17	4.4K
$83.00	Sep 18	0.67	0.84	$0.76	22.4%	4.0K	0.51	76.4K
$82.00	Aug 28	0.01	0.02	$0.02	50.0%	1.3K	0.05	28.7K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 14 strikes (avg 1428.0%, max 2582.5%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$94.00	Aug 28	Oct 2	484.6%	18.1%	2582.5%	--	706
$92.00	Aug 28	Oct 2	431.6%	16.7%	2486.5%	--	515
$96.00	Aug 28	Sep 30	536.1%	21.6%	2379.8%	--	1.3K
$74.00	Aug 28	Sep 30	496.2%	20.1%	2369.1%	--	351
$91.00	Aug 28	Oct 9	403.4%	18.1%	2126.7%	2	1.8K

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$91.00	Aug 28	Sep 30	403.4%	15.1%	2577.7%	1	534
$74.00	Aug 28	Sep 30	496.2%	20.1%	2369.1%	1	1.0K
$92.00	Aug 28	Sep 30	431.6%	17.6%	2351.9%	1	113
$83.50	Aug 28	Oct 9	25.5%	11.9%	114.6%	54	5.4K
$83.00	Aug 28	Oct 9	20.4%	12.4%	64.6%	1.2K	9.3K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 103 found (best R:R 0.59, avg 2.47)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$70.00	$71.00	Sep 18	$0.63	$0.37	$0.63	100%	0.59	$70.63
$79.50	$80.00	Oct 2	$0.20	$0.30	$0.20	100%	1.50	$79.70
$81.00	$81.50	Sep 25	$0.30	$0.20	$0.30	89%	0.67	$81.30
$86.00	$87.50	Oct 9	$0.10	$1.40	$0.10	18%	14.00	$86.10
$83.50	$84.00	Sep 25	$0.11	$0.39	$0.11	43%	3.55	$83.61

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$83.50	$83.00	Oct 2	$0.14	$0.36	$0.14	58%	2.57	$83.36
$83.00	$82.50	Sep 4	$0.11	$0.39	$0.11	53%	3.55	$82.89
$83.00	$82.50	Sep 18	$0.13	$0.37	$0.13	51%	2.85	$82.87
$85.00	$84.50	Oct 2	$0.29	$0.21	$0.29	76%	0.72	$84.71
$83.50	$83.00	Oct 9	$0.21	$0.29	$0.21	59%	1.38	$83.29

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 69 found (best R:R 2.85, avg 0.50)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$92.00	$93.00	Aug 28	$0.74	$0.74	$0.26	79%	2.85	$92.74
$88.50	$89.00	Sep 11	$0.35	$0.35	$0.15	85%	2.33	$88.85
$90.00	$91.00	Sep 9	$0.20	$0.20	$0.80	91%	0.25	$90.20
$87.50	$88.00	Sep 25	$0.19	$0.19	$0.31	87%	0.61	$87.69
$88.00	$88.50	Sep 9	$0.16	$0.16	$0.34	90%	0.47	$88.16

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$80.00	$79.50	Oct 2	$0.16	$0.16	$0.34	83%	0.47	$79.84
$78.00	$77.50	Sep 4	$0.10	$0.10	$0.40	93%	0.25	$77.90
$81.00	$80.50	Aug 31	$0.10	$0.10	$0.40	89%	0.25	$80.90
$77.50	$77.00	Sep 25	$0.10	$0.10	$0.40	92%	0.25	$77.40
$80.00	$79.00	Sep 2	$0.10	$0.10	$0.90	91%	0.11	$79.90

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $0.09, cheapest $0.10)

CALLS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$83.50	Aug 28	Aug 31	$0.10	25.5%	9.9%

PUTS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$83.00	Aug 28	Aug 31	$0.08	20.4%	9.2%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 205 found (cheapest 0.61% of stock, avg 4.35%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$83.00	Aug 28	$0.42	$0.09	$0.51	$82.49	$83.51	0.61%
$83.50	Aug 28	$0.12	$0.39	$0.51	$82.99	$84.01	0.61%
$83.50	Aug 31	$0.22	$0.41	$0.63	$82.87	$84.13	0.76%
$83.00	Aug 31	$0.49	$0.17	$0.66	$82.34	$83.66	0.79%
$84.00	Aug 28	$0.04	$0.78	$0.82	$83.18	$84.82	0.98%
$84.00	Aug 31	$0.08	$0.74	$0.82	$83.18	$84.82	0.98%
$82.50	Aug 28	$0.82	$0.03	$0.85	$81.65	$83.35	1.02%
$83.00	Sep 2	$0.50	$0.40	$0.90	$82.10	$83.90	1.08%
$82.50	Aug 31	$0.83	$0.08	$0.91	$81.59	$83.41	1.09%
$83.50	Sep 2	$0.24	$0.70	$0.94	$82.56	$84.44	1.13%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 255 found (cheapest 0.13% of stock, avg 1.03%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$84.50	$82.50	Aug 31	$0.03	$0.08	$0.11	$82.39	$84.61
$84.50	$81.00	Aug 31	$0.03	$0.11	$0.14	$80.86	$84.64
$84.00	$82.50	Aug 31	$0.08	$0.08	$0.16	$82.34	$84.16
$84.50	$82.00	Sep 2	$0.05	$0.10	$0.15	$81.85	$84.65
$83.50	$82.50	Aug 28	$0.12	$0.03	$0.15	$82.35	$83.65
$84.00	$82.00	Sep 2	$0.10	$0.10	$0.20	$81.80	$84.20
$84.00	$81.00	Aug 31	$0.08	$0.11	$0.19	$80.81	$84.19
$83.50	$83.00	Aug 28	$0.12	$0.09	$0.21	$82.79	$83.71
$88.00	$77.00	Sep 30	$0.08	$0.14	$0.22	$76.78	$88.22
$85.50	$82.00	Sep 2	$0.11	$0.10	$0.21	$81.79	$85.71

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 43 found (best R:R 1.38, avg credit $0.27)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
77/78	88/88	Sep 25	$0.29	$0.21	79%	1.38	$77.21	$87.79
80/80	88/88	Sep 25	$0.31	$0.19	70%	1.63	$80.19	$87.81
81/82	88/88	Sep 25	$0.36	$0.14	58%	2.57	$81.14	$87.86
78/78	85/86	Sep 4	$0.20	$0.30	80%	0.67	$77.80	$85.20
80/80	85/86	Oct 2	$0.29	$0.21	59%	1.38	$79.71	$85.29
77/78	91/92	Sep 25	$0.21	$0.79	86%	0.27	$77.29	$91.21
82/82	86/87	Sep 11	$0.28	$0.22	58%	1.27	$81.72	$86.78
77/78	84/85	Sep 25	$0.24	$0.26	65%	0.92	$77.26	$84.74
79/80	90/91	Sep 9	$0.30	$0.70	76%	0.43	$79.70	$90.30
82/82	88/88	Sep 18	$0.27	$0.23	57%	1.17	$81.73	$87.77

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 169 found (best R:R 4.00, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$82.50	$83.00	$83.50	Aug 28	$0.10	$0.40	68%	4.00
$82.50	$83.00	$83.50	Sep 2	$0.09	$0.41	52%	4.56
$82.00	$82.50	$83.00	Sep 2	$0.06	$0.44	42%	7.33
$82.50	$83.00	$83.50	Aug 31	$0.07	$0.43	44%	6.14
$82.00	$82.50	$83.00	Sep 9	$0.10	$0.40	48%	4.00

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$83.00	$83.50	$84.00	Aug 28	$0.09	$0.41	57%	4.56
$83.00	$83.50	$84.00	Aug 31	$0.09	$0.41	47%	4.56
$80.00	$81.00	$82.00	Sep 30	$0.07	$0.93	19%	13.29
$82.00	$82.50	$83.00	Aug 28	$0.05	$0.45	26%	9.00
$82.00	$82.50	$83.00	Sep 2	$0.08	$0.42	33%	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. 207 found (best net $-1.10, 179 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$75.00	$78.00	1:2	Sep 2	-$2.27	$0.73
$82.00	$82.50	1:2	Aug 28	-$0.29	$0.21
$82.50	$83.00	1:2	Aug 31	-$0.15	$0.35
$83.00	$84.00	1:2	Sep 30	-$0.21	$0.79
$82.50	$83.00	1:2	Sep 2	-$0.15	$0.35

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$93.00	$88.50	1:2	Sep 25	-$1.10	$3.40
$84.00	$83.50	1:2	Aug 31	-$0.08	$0.42
$84.50	$84.00	1:2	Aug 28	-$0.29	$0.21
$83.50	$83.00	1:2	Sep 2	-$0.10	$0.40
$83.00	$82.00	1:2	Sep 30	-$0.24	$0.76

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 47 found (best yield 1.00%, avg 0.32%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$83.50	Oct 9	$0.83	0.43	0.2%	1.00%	1.25%	--	201
$84.00	Sep 30	$0.64	0.37	0.8%	0.77%	1.62%	60	52.8K
$84.00	Sep 25	$0.63	0.37	0.8%	0.76%	1.61%	11	3.1K
$84.00	Oct 9	$0.62	0.36	0.8%	0.74%	1.60%	--	72
$84.50	Oct 9	$0.46	0.31	1.4%	0.55%	2.01%	--	11
$83.50	Oct 2	$0.73	0.43	0.2%	0.88%	1.13%	1	900
$85.00	Sep 30	$0.37	0.25	2.0%	0.44%	2.50%	410	44.3K
$84.00	Oct 2	$0.54	0.36	0.8%	0.65%	1.50%	500	1.6K
$83.50	Sep 25	$0.68	0.43	0.2%	0.82%	1.07%	8	5.7K
$85.00	Oct 9	$0.33	0.26	2.0%	0.40%	2.45%	7	146

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 55,173

Total Puts 96,439

Put/Call Ratio 1.75

Net Difference -41,266

Prior's Put/Call Breakdown

Total Calls 22,083

Total Puts 13,483

Put/Call Ratio 0.61

Net Difference 8,600

Prior 7-Day Put/Call Summary

Total Calls 1,870,546

Total Puts 1,427,317

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

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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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