TLT - Options Database

TLT

iShares 20+ Year Treasury Bond ETF

$82.02 +0.18%

(9/1 19:08) ◀

Wednesday, September 2, 2026 (10:00am)

▶ (9/2 11:00)

◀ 9/2 10:00 ▶

Option Volume

Detail

ℹ

Current (09/02 10:00am) 47,261

Calls: 26,543 (56%)

Puts: 20,718 (44%)

Prior (08/31) 63,239

Calls: 35,841 (57%)

Puts: 27,398 (43%)

Current vs Prior -25.27%

Calls: -25.94% (Calls)

Puts: -24.38% (Puts)

Prior 7-Day Total 2,952,666

Calls: 1,730,601 (59%)

Puts: 1,222,065 (41%)

Prior 7-Day Average 421,809

Calls: 247,228 (59%)

Puts: 174,580 (41%)

Current vs Prior 7-Day Avg -88.80%

Calls: -89.26%

Puts: -88.13%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (09/02 10:00am) $2.81M

Calls: $1.28M (45%)

Puts: $1.53M (55%)

Prior (08/31) $2.18M

Calls: $1.07M (49%)

Puts: $1.11M (51%)

Current vs Prior +28.82%

Calls: +19.64%

Puts: +37.62%

Prior 7-Day Total $148.24M

Calls: $94.17M (64%)

Puts: $54.07M (36%)

Prior 7-Day Average $21.18M

Calls: $13.45M (64%)

Puts: $7.72M (36%)

Current vs Prior 7-Day Avg -86.73%

Calls: -90.50%

Puts: -80.16%

Sentiment BEARISH

Put/Call Ratio

Detail

ℹ

Current (09/02 10:00am) 0.78

Prior (08/31) 0.76

Current vs Prior +2.11%

Prior 7-Day Average 0.73

Current vs Prior 7-Day Avg +6.67%

Sentiment NEUTRAL

Open Interest

Detail

ℹ

Current (09/02 10:00am) 3,864,355

Calls: 2,303,793 (60%)

Puts: 1,560,562 (40%)

Prior (08/31) 2,678,708

Calls: 1,678,464 (63%)

Puts: 1,000,244 (37%)

Current vs Prior +44.26%

Prior 7-Day Total 20,481,523

Calls: 12,139,888 (59%)

Puts: 8,341,635 (41%)

Prior 7-Day Average 2,925,931

Calls: 1,734,269 (59%)

Puts: 1,191,662 (41%)

Current vs Prior 7-Day Avg +32.07%

Sentiment BEARISH

Expected Move

Detail

ℹ

3DTEWKMO Expiry (09/02) | Next (09/04)Expiry (09/04) | Next (09/11)Expiry (09/16) | Next (10/16)

Current 0.79% | 1.21%1.21% | 1.68%2.40% | 3.78%

Prior 1.19% | 1.44%1.44% | 1.87%2.28% | 3.73%

Current vs Prior -33.27% | -16.30%-16.30% | -9.84%+5.43% | +1.26%

Prior 7-Day Avg 0.94% | 1.23%1.05% | 1.76%2.20% | 3.80%

Current vs 7-Day Avg -15.66% | -2.22%+15.19% | -4.21%+9.23% | -0.59%

Prior 7-Day Eod 1.19% | 1.44%1.29% | 1.80%2.54% | 3.88%

Current vs 7-Day Eod -33.27% | -16.30%-6.77% | -6.29%-5.46% | -2.69%

Sentiment BULLISHBULLISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 9.45% | 2.13%

Calls: 7.14% | 2.63%

Puts: 11.76% | 1.64%

Prior 11.48% | 5.58%

Calls: 13.33% | 6.67%

Puts: 9.64% | 4.49%

Current vs Prior -17.68% | -61.83%

Prior 7-Day Avg 6.99% | 3.52%

Calls: 7.92% | 3.51%

Puts: 6.06% | 3.52%

Current vs 7-Day Avg +35.25% | -39.44%

Liquidity Good

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🤖 AI Insights

Rising open interest (up 44%) indicates new positions being established.

Smart Money BEARISH

Retail Flow BULLISH

Overall BULLISH

Dollar Volume

Option Volume

Put/Call Ratio

Open Interest

Expected Move

Current BEARISH

Prior BEARISH

7-Day Avg BULLISH

Current BULLISH

Prior BULLISH

7-Day Avg NEUTRAL

Current NEUTRAL

Prior NEUTRAL

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
10:00	BEARISH	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

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High Delta

⚖️

Ratio Spreads

🛡️

Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 305 of results (avg 3.0%, best 0.7%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.00	Oct 16	1.33	1.34	$1.34	0.7%	108	0.48	12.4K
$81.50	Sep 25	1.32	1.33	$1.33	0.8%	121	0.61	909
$81.50	Sep 18	1.15	1.16	$1.15	0.9%	312	0.62	645
$82.00	Sep 30	1.11	1.12	$1.12	0.9%	94	0.51	8.4K
$80.50	Oct 9	2.20	2.22	$2.21	0.9%	--	0.71	13

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$83.00	Sep 30	1.39	1.40	$1.40	0.7%	1	0.64	12.7K
$83.00	Sep 18	1.24	1.25	$1.25	0.8%	344	0.68	77.9K
$82.00	Oct 16	1.20	1.21	$1.21	0.8%	1.0K	0.53	24.6K
$82.00	Oct 9	1.11	1.12	$1.12	0.9%	50	0.53	155
$98.00	Oct 16	15.90	16.05	$15.98	0.9%	--	0.99	114

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 163 found (avg $0.31, cheapest $0.12)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.00	Sep 2	0.13	0.14	$0.14	7.1%	404	0.52	1.4K
$83.00	Sep 4	0.06	0.07	$0.07	14.3%	599	0.14	52.3K
$82.50	Sep 4	0.16	0.17	$0.17	5.9%	780	0.30	15.1K
$81.50	Sep 2	0.49	0.56	$0.53	13.2%	23	0.91	326
$83.50	Sep 9	0.06	0.07	$0.07	14.3%	44	0.11	11.1K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.00	Sep 2	0.11	0.12	$0.12	8.3%	307	0.48	10.1K
$81.50	Sep 4	0.12	0.13	$0.13	7.7%	167	0.26	3.2K
$82.50	Sep 2	0.48	0.54	$0.51	11.8%	9	0.91	2.1K
$80.50	Sep 9	0.05	0.06	$0.06	16.7%	51	0.10	478
$81.00	Sep 9	0.10	0.11	$0.11	9.1%	171	0.18	1.9K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 201 found (avg delta 0.86, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$67.00	Sep 2	14.95	15.10	$15.02	1.0%	4	1.00	121
$68.00	Sep 2	13.95	14.10	$14.02	1.1%	9	1.00	127
$69.00	Sep 2	12.95	13.10	$13.02	1.2%	8	1.00	83
$70.00	Sep 2	11.95	12.10	$12.02	1.2%	12	1.00	31
$71.00	Sep 2	10.95	11.10	$11.02	1.4%	9	1.00	19

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$85.00	Sep 4	2.94	3.05	$3.00	3.7%	140	1.00	1
$87.00	Sep 4	4.90	5.05	$4.97	3.0%	2	1.00	--
$87.00	Sep 11	4.95	5.05	$5.00	2.0%	2	1.00	--
$88.00	Sep 18	5.95	6.05	$6.00	1.7%	--	1.00	198
$89.00	Sep 18	6.90	7.05	$6.98	2.1%	--	1.00	173

Most actively traded options today. High liquidity = easy entry/exit. 258 active (total vol 47.2K, top 5.1K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$84.00	Oct 16	0.54	0.56	$0.55	3.6%	5.1K	0.27	83.8K
$87.00	Oct 16	0.15	0.16	$0.16	6.3%	5.0K	0.09	59.3K
$82.50	Sep 2	0.01	0.02	$0.02	50.0%	3.6K	0.09	10.7K
$81.50	Sep 9	0.80	0.81	$0.81	1.2%	1.5K	0.69	1.2K
$82.00	Sep 14	0.65	0.66	$0.66	1.5%	983	0.51	2.5K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.00	Sep 11	0.48	0.50	$0.49	4.1%	3.0K	0.49	11.2K
$78.00	Sep 18	0.03	0.04	$0.04	25.0%	2.8K	0.04	42.9K
$81.00	Sep 30	0.48	0.49	$0.49	2.0%	2.1K	0.32	7.2K
$80.00	Sep 18	0.14	0.15	$0.15	6.7%	1.1K	0.14	65.2K
$82.50	Sep 9	0.68	0.69	$0.69	1.4%	1.1K	0.66	674

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 46.5%, max 46.7%)

CALLS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$82.00	Sep 2	Oct 16	13.9%	9.5%	46.4%	512	13.9K

PUTS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$82.00	Sep 2	Oct 16	13.9%	9.5%	46.7%	1.3K	34.8K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 90 found (best R:R 0.82, avg 2.14)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$85.00	$86.00	Oct 16	$0.12	$0.88	$0.12	18%	7.33	$85.12
$81.50	$82.00	Sep 4	$0.32	$0.18	$0.32	74%	0.56	$81.82
$84.00	$84.50	Oct 9	$0.10	$0.40	$0.10	25%	4.00	$84.10
$84.00	$85.00	Oct 16	$0.20	$0.80	$0.20	27%	4.00	$84.20
$83.00	$83.50	Sep 25	$0.15	$0.35	$0.15	35%	2.33	$83.15

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$83.00	$82.00	Oct 16	$0.55	$0.45	$0.55	63%	0.82	$82.45
$83.00	$82.00	Sep 14	$0.61	$0.39	$0.61	73%	0.64	$82.39
$83.00	$82.00	Sep 16	$0.59	$0.41	$0.59	70%	0.69	$82.41
$82.00	$81.00	Oct 16	$0.42	$0.58	$0.42	53%	1.38	$81.58
$82.50	$82.00	Sep 25	$0.24	$0.26	$0.24	57%	1.08	$82.26

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 53 found (best R:R 0.19, avg 0.42)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$83.00	$84.00	Sep 14	$0.16	$0.16	$0.84	73%	0.19	$83.16
$83.00	$84.00	Sep 30	$0.29	$0.29	$0.71	64%	0.41	$83.29
$82.50	$83.00	Oct 2	$0.21	$0.21	$0.29	58%	0.72	$82.71
$83.00	$84.00	Oct 16	$0.32	$0.32	$0.68	63%	0.47	$83.32
$82.50	$83.00	Sep 25	$0.21	$0.21	$0.29	57%	0.72	$82.71

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$82.00	$81.50	Sep 4	$0.18	$0.18	$0.32	52%	0.56	$81.82
$81.00	$80.00	Sep 16	$0.16	$0.16	$0.84	73%	0.19	$80.84
$82.00	$81.00	Sep 14	$0.33	$0.33	$0.67	51%	0.49	$81.67
$81.50	$81.00	Sep 9	$0.11	$0.11	$0.39	69%	0.28	$81.39
$81.00	$80.00	Sep 14	$0.12	$0.12	$0.88	76%	0.14	$80.88

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $0.21, cheapest $0.19)

CALLS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$82.00	Sep 2	Sep 4	$0.24	13.9%	12.6%

PUTS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$82.00	Sep 2	Sep 4	$0.19	13.9%	12.6%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 171 found (cheapest 0.32% of stock, avg 3.98%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$82.00	Sep 2	$0.14	$0.12	$0.26	$81.74	$82.26	0.32%
$82.50	Sep 2	$0.02	$0.51	$0.53	$81.97	$83.03	0.65%
$81.50	Sep 2	$0.53	$0.02	$0.55	$80.95	$82.05	0.67%
$82.00	Sep 4	$0.38	$0.31	$0.69	$81.31	$82.69	0.84%
$82.50	Sep 4	$0.17	$0.61	$0.78	$81.72	$83.28	0.95%
$81.50	Sep 4	$0.70	$0.13	$0.83	$80.67	$82.33	1.01%
$82.00	Sep 9	$0.49	$0.40	$0.89	$81.11	$82.89	1.09%
$82.50	Sep 9	$0.27	$0.69	$0.96	$81.54	$83.46	1.17%
$83.00	Sep 2	$0.01	$0.99	$1.00	$82.00	$84.00	1.22%
$81.00	Sep 2	$1.00	$0.01	$1.01	$79.99	$82.01	1.23%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 219 found (cheapest 0.05% of stock, avg 0.96%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$82.50	$81.50	Sep 2	$0.02	$0.02	$0.04	$81.46	$82.54
$83.50	$81.00	Sep 4	$0.03	$0.05	$0.08	$80.92	$83.58
$84.00	$80.50	Sep 9	$0.04	$0.06	$0.10	$80.40	$84.10
$84.50	$80.00	Sep 11	$0.05	$0.06	$0.11	$79.89	$84.61
$83.00	$81.00	Sep 4	$0.07	$0.05	$0.12	$80.88	$83.12
$83.50	$80.50	Sep 9	$0.07	$0.06	$0.13	$80.37	$83.63
$85.00	$80.00	Sep 14	$0.05	$0.08	$0.13	$79.87	$85.13
$84.00	$80.00	Sep 11	$0.08	$0.06	$0.14	$79.86	$84.14
$84.50	$80.50	Sep 11	$0.05	$0.10	$0.15	$80.35	$84.65
$84.00	$81.00	Sep 9	$0.04	$0.11	$0.15	$80.85	$84.15

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 16 found (best R:R 1.08, avg credit $0.28)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
80/80	84/84	Oct 9	$0.26	$0.24	39%	1.08	$80.24	$83.76
80/80	84/84	Oct 2	$0.24	$0.26	42%	0.92	$80.26	$83.74
80/81	83/84	Sep 18	$0.25	$0.25	40%	1.00	$80.75	$83.25
80/81	84/84	Sep 25	$0.24	$0.26	42%	0.92	$80.76	$83.74
80/80	84/84	Oct 9	$0.22	$0.28	44%	0.79	$80.28	$84.22
80/81	83/84	Sep 25	$0.27	$0.23	34%	1.17	$80.73	$83.27
81/82	83/84	Sep 11	$0.22	$0.28	41%	0.79	$81.28	$83.22
81/82	82/83	Sep 9	$0.24	$0.26	35%	0.92	$81.26	$82.74
78/79	85/86	Oct 16	$0.24	$0.76	63%	0.32	$78.76	$85.24
78/79	84/85	Oct 16	$0.32	$0.68	55%	0.47	$78.68	$84.32

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 93 found (best R:R 4.56, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$81.00	$81.50	$82.00	Sep 2	$0.08	$0.42	44%	5.25
$81.50	$82.00	$82.50	Sep 2	$0.27	$0.23	82%	0.85
$79.00	$80.00	$81.00	Oct 16	$0.08	$0.92	23%	11.50
$81.00	$82.00	$83.00	Sep 14	$0.27	$0.73	49%	2.70
$80.00	$81.00	$82.00	Sep 16	$0.17	$0.83	36%	4.88

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$82.00	$82.50	$83.00	Sep 2	$0.09	$0.41	49%	4.56
$81.00	$81.50	$82.00	Sep 2	$0.09	$0.41	46%	4.56
$79.00	$80.00	$81.00	Sep 14	$0.07	$0.93	20%	13.29
$81.00	$82.00	$83.00	Sep 14	$0.28	$0.72	49%	2.57
$80.00	$81.00	$82.00	Sep 16	$0.18	$0.82	37%	4.56

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 155 found (best net $-2.33, 139 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$70.00	$75.00	1:2	Oct 16	-$2.33	$2.67
$76.00	$79.00	1:2	Oct 9	-$0.60	$2.40
$77.00	$79.00	1:2	Sep 2	-$1.05	$0.95
$77.00	$79.00	1:2	Sep 25	-$1.42	$0.58
$81.00	$82.00	1:2	Sep 16	-$0.10	$0.90

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$87.00	$85.00	1:2	Sep 4	-$1.03	$0.97
$87.00	$85.00	1:2	Sep 11	-$1.00	$1.00
$88.00	$85.50	1:2	Oct 9	-$1.32	$1.18
$87.00	$85.00	1:2	Sep 9	-$1.03	$0.97
$84.00	$83.00	1:2	Sep 16	-$0.38	$0.62

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 64 found (best yield 1.05%, avg 0.34%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$83.00	Oct 16	$0.86	0.37	1.2%	1.05%	2.24%	157	72.2K
$82.50	Oct 9	$0.96	0.42	0.6%	1.17%	1.76%	50	433
$83.00	Oct 9	$0.75	0.36	1.2%	0.91%	2.11%	--	277
$84.00	Oct 16	$0.54	0.27	2.4%	0.66%	3.07%	5.1K	83.8K
$82.50	Oct 2	$0.86	0.42	0.6%	1.05%	1.63%	25	2.0K
$83.50	Oct 9	$0.58	0.30	1.8%	0.71%	2.51%	--	468
$83.00	Sep 30	$0.64	0.36	1.2%	0.78%	1.98%	62	19.0K
$83.00	Oct 2	$0.65	0.35	1.2%	0.79%	1.99%	6	2.7K
$82.50	Sep 25	$0.76	0.43	0.6%	0.93%	1.51%	87	6.5K
$84.00	Oct 9	$0.44	0.25	2.4%	0.54%	2.95%	--	447

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 26,543

Total Puts 20,718

Put/Call Ratio 0.78

Net Difference 5,825

Prior's Put/Call Breakdown

Total Calls 35,841

Total Puts 27,398

Put/Call Ratio 0.76

Net Difference 8,443

Prior 7-Day Put/Call Summary

Total Calls 1,730,601

Total Puts 1,222,065

Average Put/Call Ratio 0.73

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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