TLT - Options Database

TLT

iShares 20+ Year Treasury Bond ETF

$81.87 +0.00%

(9/2 10:00) ◀

Wednesday, September 2, 2026 (11:00am)

▶ (9/2 12:00)

◀ 9/2 11:00 ▶

Option Volume

Detail

ℹ

Current (09/02 11:00am) 94,436

Calls: 61,822 (65%)

Puts: 32,614 (35%)

Prior (08/31) 126,823

Calls: 73,716 (58%)

Puts: 53,107 (42%)

Current vs Prior -25.54%

Calls: -16.13% (Calls)

Puts: -38.59% (Puts)

Prior 7-Day Total 2,646,093

Calls: 1,655,586 (63%)

Puts: 990,507 (37%)

Prior 7-Day Average 378,013

Calls: 236,512 (63%)

Puts: 141,501 (37%)

Current vs Prior 7-Day Avg -75.02%

Calls: -73.86%

Puts: -76.95%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (09/02 11:00am) $6.70M

Calls: $2.42M (36%)

Puts: $4.28M (64%)

Prior (08/31) $5.22M

Calls: $2.94M (56%)

Puts: $2.28M (44%)

Current vs Prior +28.37%

Calls: -17.48%

Puts: +87.38%

Prior 7-Day Total $131.07M

Calls: $89.58M (68%)

Puts: $41.49M (32%)

Prior 7-Day Average $18.72M

Calls: $12.80M (68%)

Puts: $5.93M (32%)

Current vs Prior 7-Day Avg -64.22%

Calls: -81.06%

Puts: -27.87%

Sentiment BEARISH

Put/Call Ratio

Detail

ℹ

Current (09/02 11:00am) 0.53

Prior (08/31) 0.72

Current vs Prior -26.77%

Prior 7-Day Average 0.62

Current vs Prior 7-Day Avg -15.04%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (09/02 11:00am) 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 20,628,669

Calls: 12,201,610 (59%)

Puts: 8,427,059 (41%)

Prior 7-Day Average 2,946,952

Calls: 1,743,087 (59%)

Puts: 1,203,865 (41%)

Current vs Prior 7-Day Avg +31.13%

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 0.71% | 1.22%1.22% | 1.78%2.31% | 3.81%

Prior 0.85% | 1.29%1.29% | 1.80%2.53% | 3.86%

Current vs Prior -17.14% | -5.66%-5.66% | -0.68%-8.70% | -1.27%

Prior 7-Day Avg 0.93% | 1.24%1.14% | 1.80%2.46% | 3.91%

Current vs 7-Day Avg -23.49% | -1.78%+7.42% | -0.96%-6.33% | -2.43%

Prior 7-Day Eod 0.86% | 1.29%1.29% | 1.80%2.54% | 3.88%

Current vs 7-Day Eod -17.14% | -5.66%-5.66% | -0.68%-9.14% | -1.89%

Sentiment BULLISHBULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 15.52% | 10.40%

Calls: 20.51% | 13.11%

Puts: 10.53% | 7.69%

Prior 6.54% | 3.08%

Calls: 9.52% | 1.61%

Puts: 3.57% | 4.55%

Current vs Prior +137.31% | +237.66%

Prior 7-Day Avg 7.10% | 3.66%

Calls: 8.71% | 3.38%

Puts: 5.49% | 3.94%

Current vs 7-Day Avg +118.72% | +184.15%

Liquidity Expensive

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🤖 AI Insights

Moderately bearish flow with 64% put dollar volume ($4.28M). Bullish P/C ratio of 0.53. P/C ratio dropping 27% - sentiment shifting bullish. 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 BULLISH

7-Day Avg BULLISH

Current BULLISH

Prior BULLISH

7-Day Avg NEUTRAL

Current BULLISH

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
11:00	BEARISH	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

📊

High Delta

⚖️

Ratio Spreads

🛡️

Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 254 of results (avg 4.9%, best 0.8%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$70.00	Sep 11	11.90	12.00	$11.95	0.8%	8	1.00	5
$71.00	Sep 4	10.85	10.95	$10.90	0.9%	16	1.00	--
$67.00	Sep 2	14.80	14.95	$14.88	1.0%	9	1.00	121
$72.00	Sep 4	9.85	9.95	$9.90	1.0%	1	1.00	--
$68.00	Sep 2	13.80	13.95	$13.88	1.1%	13	0.92	127

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$92.00	Sep 18	10.05	10.15	$10.10	1.0%	2	1.00	4.6K
$96.00	Sep 18	14.05	14.20	$14.13	1.1%	--	1.00	1.0K
$89.00	Oct 16	7.15	7.25	$7.20	1.4%	227	0.95	3.8K
$92.00	Sep 2	10.05	10.20	$10.13	1.5%	1	0.93	--
$91.00	Oct 16	9.10	9.25	$9.18	1.6%	10	0.97	432

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 140 found (avg $0.33, cheapest $0.06)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.00	Sep 2	0.05	0.06	$0.06	16.7%	2.4K	0.32	1.4K
$82.50	Sep 4	0.12	0.13	$0.13	7.7%	1.1K	0.24	15.1K
$83.50	Sep 9	0.05	0.06	$0.06	16.7%	46	0.10	11.1K
$82.00	Sep 4	0.28	0.30	$0.29	6.9%	1.4K	0.45	4.8K
$83.00	Sep 9	0.10	0.11	$0.11	9.1%	97	0.17	1.8K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.00	Sep 2	0.18	0.20	$0.19	10.5%	703	0.68	10.1K
$81.00	Sep 4	0.06	0.07	$0.07	14.3%	349	0.15	5.8K
$81.50	Sep 4	0.16	0.18	$0.17	11.8%	2.4K	0.32	3.2K
$80.50	Sep 9	0.06	0.07	$0.07	14.3%	127	0.12	478
$81.00	Sep 9	0.12	0.14	$0.13	15.4%	210	0.21	1.9K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 223 found (avg delta 0.87, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$67.00	Sep 2	14.80	14.95	$14.88	1.0%	9	1.00	121
$78.00	Sep 2	3.80	3.95	$3.88	3.9%	4	1.00	3
$79.00	Sep 2	2.81	3.00	$2.91	6.5%	3	1.00	13
$81.00	Sep 2	0.82	0.93	$0.88	12.5%	8	1.00	242
$73.00	Sep 14	8.90	9.20	$9.05	3.3%	--	1.00	16

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$84.50	Sep 4	2.59	2.66	$2.63	2.7%	2	1.00	4
$85.00	Sep 4	3.05	3.20	$3.13	4.8%	140	1.00	1
$87.00	Sep 4	5.05	5.20	$5.13	2.9%	2	1.00	--
$86.50	Sep 11	4.55	4.70	$4.63	3.2%	3	1.00	--
$87.00	Sep 11	4.90	5.20	$5.05	5.9%	5	1.00	--

Most actively traded options today. High liquidity = easy entry/exit. 360 active (total vol 94.2K, top 9.2K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.50	Sep 2	0.00	0.01	$0.01	100.0%	9.2K	0.04	10.7K
$86.00	Sep 18	0.04	0.06	$0.05	40.0%	6.3K	0.05	50.6K
$84.00	Oct 16	0.50	0.52	$0.51	3.9%	5.2K	0.25	83.8K
$87.00	Oct 16	0.14	0.15	$0.15	6.7%	5.0K	0.09	59.3K
$84.00	Sep 18	0.15	0.17	$0.16	12.5%	3.3K	0.15	51.4K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.00	Sep 11	0.54	0.58	$0.56	7.1%	3.3K	0.52	11.2K
$78.00	Sep 18	0.03	0.05	$0.04	50.0%	2.9K	0.04	42.9K
$81.50	Sep 4	0.16	0.18	$0.17	11.8%	2.4K	0.32	3.2K
$81.00	Sep 30	0.52	0.55	$0.54	5.6%	2.4K	0.33	7.2K
$82.00	Sep 18	0.73	0.76	$0.75	4.0%	1.5K	0.52	115.4K

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 488.9%, max 972.1%)

CALLS (2)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$84.50	Sep 2	Oct 9	126.4%	11.8%	972.1%	28	2.5K
$82.00	Sep 2	Oct 16	13.3%	12.6%	5.8%	2.7K	13.9K

PUTS (2)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$84.50	Sep 2	Oct 9	126.4%	11.8%	972.1%	3	225
$82.00	Sep 2	Oct 16	13.3%	12.6%	5.8%	1.9K	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 1.00, avg 2.05)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$81.00	$82.00	Sep 30	$0.50	$0.50	$0.50	67%	1.00	$81.50
$81.00	$82.00	Sep 14	$0.56	$0.44	$0.56	73%	0.79	$81.56
$80.50	$81.50	Oct 9	$0.58	$0.42	$0.58	69%	0.72	$81.08
$81.00	$81.50	Sep 11	$0.31	$0.19	$0.31	75%	0.61	$81.31
$81.00	$82.00	Sep 16	$0.60	$0.40	$0.60	72%	0.67	$81.60

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$82.50	$82.00	Sep 18	$0.19	$0.31	$0.19	61%	1.63	$82.31
$82.00	$81.00	Sep 30	$0.31	$0.69	$0.31	50%	2.23	$81.69
$83.00	$82.50	Sep 25	$0.25	$0.25	$0.25	67%	1.00	$82.75
$83.00	$82.00	Sep 14	$0.61	$0.39	$0.61	76%	0.64	$82.39
$83.00	$82.50	Oct 2	$0.26	$0.24	$0.26	67%	0.92	$82.74

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 51 found (best R:R 0.37, avg 0.47)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$84.50	$85.00	Sep 2	$0.20	$0.20	$0.30	84%	0.67	$84.70
$82.00	$83.00	Sep 30	$0.48	$0.48	$0.52	49%	0.92	$82.48
$82.00	$82.50	Oct 9	$0.27	$0.27	$0.23	54%	1.17	$82.27
$83.00	$83.50	Oct 9	$0.19	$0.19	$0.31	65%	0.61	$83.19
$82.00	$83.00	Oct 16	$0.44	$0.44	$0.56	53%	0.79	$82.44

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$74.00	$73.00	Sep 4	$0.27	$0.27	$0.73	93%	0.37	$73.73
$81.00	$80.00	Sep 14	$0.16	$0.16	$0.84	73%	0.19	$80.84
$80.00	$79.00	Sep 30	$0.15	$0.15	$0.85	79%	0.18	$79.85
$81.50	$81.00	Sep 25	$0.19	$0.19	$0.31	58%	0.61	$81.31
$81.50	$81.00	Sep 4	$0.10	$0.10	$0.40	68%	0.25	$81.40

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $0.22, cheapest $0.20)

CALLS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$82.00	Sep 2	Sep 4	$0.23	13.3%	13.5%

PUTS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$82.00	Sep 2	Sep 4	$0.20	13.3%	13.5%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 186 found (cheapest 0.31% of stock, avg 4.15%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$82.00	Sep 2	$0.06	$0.19	$0.25	$81.75	$82.25	0.31%
$81.50	Sep 2	$0.39	$0.02	$0.41	$81.09	$81.91	0.50%
$82.50	Sep 2	$0.01	$0.63	$0.64	$81.86	$83.14	0.78%
$82.00	Sep 4	$0.29	$0.39	$0.68	$81.32	$82.68	0.83%
$81.50	Sep 4	$0.61	$0.17	$0.78	$80.72	$82.28	0.95%
$82.50	Sep 4	$0.13	$0.71	$0.84	$81.66	$83.34	1.03%
$81.00	Sep 2	$0.88	$0.01	$0.89	$80.11	$81.89	1.09%
$82.00	Sep 9	$0.41	$0.48	$0.89	$81.11	$82.89	1.09%
$82.50	Sep 9	$0.21	$0.77	$0.98	$81.52	$83.48	1.20%
$81.50	Sep 9	$0.73	$0.26	$0.99	$80.51	$82.49	1.21%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 238 found (cheapest 0.07% of stock, avg 0.94%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$83.50	$80.50	Sep 4	$0.03	$0.03	$0.06	$80.44	$83.56
$84.00	$80.00	Sep 9	$0.04	$0.03	$0.07	$79.93	$84.07
$83.00	$80.50	Sep 4	$0.05	$0.03	$0.08	$80.42	$83.08
$83.50	$80.00	Sep 9	$0.06	$0.03	$0.09	$79.91	$83.59
$82.00	$81.50	Sep 2	$0.06	$0.02	$0.08	$81.42	$82.08
$83.50	$81.00	Sep 4	$0.03	$0.07	$0.10	$80.90	$83.60
$84.00	$79.50	Sep 11	$0.07	$0.04	$0.11	$79.39	$84.11
$84.00	$80.50	Sep 9	$0.04	$0.07	$0.11	$80.39	$84.11
$83.00	$81.00	Sep 4	$0.05	$0.07	$0.12	$80.88	$83.12
$85.00	$80.00	Sep 14	$0.04	$0.08	$0.12	$79.88	$85.12

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 15 found (best R:R 1.94, avg credit $0.29)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
80/80	83/84	Oct 9	$0.33	$0.17	33%	1.94	$80.17	$83.33
80/80	83/84	Oct 9	$0.29	$0.21	39%	1.38	$79.71	$83.29
80/80	83/84	Oct 2	$0.29	$0.21	36%	1.38	$80.21	$83.29
80/80	84/84	Oct 9	$0.26	$0.24	39%	1.08	$80.24	$83.76
80/80	84/84	Oct 9	$0.22	$0.28	45%	0.79	$79.78	$83.72
80/80	84/84	Oct 2	$0.23	$0.27	42%	0.85	$80.27	$83.73
80/81	83/84	Sep 18	$0.24	$0.26	40%	0.92	$80.76	$83.24
78/79	84/85	Oct 16	$0.31	$0.69	56%	0.45	$78.69	$84.31
78/79	85/86	Oct 16	$0.23	$0.77	64%	0.30	$78.77	$85.23
79/80	84/85	Oct 16	$0.40	$0.60	46%	0.67	$79.60	$84.40

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 125 found (best R:R 3.76, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$81.00	$82.00	$83.00	Sep 14	$0.21	$0.79	49%	3.76
$81.00	$81.50	$82.00	Sep 2	$0.16	$0.34	68%	2.13
$81.50	$82.00	$82.50	Sep 2	$0.28	$0.22	87%	0.79
$81.00	$81.50	$82.00	Sep 4	$0.06	$0.44	40%	7.33
$81.00	$82.00	$83.00	Sep 16	$0.22	$0.78	44%	3.55

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$80.00	$81.00	$82.00	Sep 30	$0.08	$0.92	29%	11.50
$80.00	$81.00	$82.00	Sep 16	$0.14	$0.86	38%	6.14
$81.50	$82.00	$82.50	Sep 2	$0.27	$0.23	86%	0.85
$81.00	$82.00	$83.00	Sep 14	$0.25	$0.75	49%	3.00
$81.00	$81.50	$82.00	Sep 2	$0.16	$0.34	65%	2.12

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 172 found (best net $-2.15, 150 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$70.00	$75.00	1:2	Oct 16	-$2.15	$2.85
$76.00	$79.00	1:2	Oct 9	-$0.51	$2.49
$77.00	$79.00	1:2	Sep 25	-$1.31	$0.69
$81.00	$82.00	1:2	Sep 16	-$0.08	$0.92
$80.00	$81.00	1:2	Sep 16	-$0.44	$0.56

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$87.00	$85.00	1:2	Sep 4	-$1.13	$0.87
$87.00	$85.00	1:2	Sep 9	-$1.13	$0.87
$84.00	$83.00	1:2	Sep 14	-$0.31	$0.69
$84.00	$83.00	1:2	Sep 16	-$0.38	$0.62
$83.00	$82.50	1:2	Sep 2	-$0.17	$0.33

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 70 found (best yield 1.51%, avg 0.42%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$82.00	Oct 16	$1.24	0.47	0.2%	1.51%	1.67%	306	12.4K
$83.00	Oct 16	$0.80	0.35	1.4%	0.98%	2.36%	620	72.2K
$82.00	Oct 9	$1.13	0.46	0.2%	1.38%	1.54%	4	112
$82.50	Oct 9	$0.89	0.41	0.8%	1.09%	1.86%	50	433
$82.00	Oct 2	$1.03	0.47	0.2%	1.26%	1.42%	5	677
$83.00	Oct 9	$0.69	0.35	1.4%	0.84%	2.22%	--	277
$82.00	Sep 30	$1.01	0.51	0.2%	1.23%	1.39%	108	8.4K
$84.00	Oct 16	$0.50	0.25	2.6%	0.61%	3.21%	5.2K	83.8K
$83.50	Oct 9	$0.53	0.29	2.0%	0.65%	2.64%	1	468
$82.50	Oct 2	$0.74	0.40	0.8%	0.90%	1.67%	45	2.0K

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 61,822

Total Puts 32,614

Put/Call Ratio 0.53

Net Difference 29,208

Prior's Put/Call Breakdown

Total Calls 73,716

Total Puts 53,107

Put/Call Ratio 0.72

Net Difference 20,609

Prior 7-Day Put/Call Summary

Total Calls 1,655,586

Total Puts 990,507

Average Put/Call Ratio 0.62

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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