TLT - Options Database

TLT

iShares 20+ Year Treasury Bond ETF

$81.87 +0.00%

(9/2 11:00) ◀

Wednesday, September 2, 2026 (12:00pm)

▶ (9/2 13:00)

◀ 9/2 12:00 ▶

Option Volume

Detail

ℹ

Current (09/02 12:00pm) 125,767

Calls: 83,293 (66%)

Puts: 42,474 (34%)

Prior (08/31) 196,135

Calls: 117,268 (60%)

Puts: 78,867 (40%)

Current vs Prior -35.88%

Calls: -28.97% (Calls)

Puts: -46.14% (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 -66.73%

Calls: -64.78%

Puts: -69.98%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (09/02 12:00pm) $8.94M

Calls: $3.86M (43%)

Puts: $5.08M (57%)

Prior (08/31) $6.91M

Calls: $3.90M (56%)

Puts: $3.01M (44%)

Current vs Prior +29.42%

Calls: -1.13%

Puts: +69.06%

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 -52.25%

Calls: -69.86%

Puts: -14.22%

Sentiment BEARISH

Put/Call Ratio

Detail

ℹ

Current (09/02 12:00pm) 0.51

Prior (08/31) 0.67

Current vs Prior -24.18%

Prior 7-Day Average 0.62

Current vs Prior 7-Day Avg -17.87%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (09/02 12:00pm) 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 0.66% | 1.15%1.15% | 1.66%2.39% | 3.79%

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

Current vs Prior -22.86% | -11.32%-11.32% | -7.48%-5.32% | -1.90%

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

Current vs 7-Day Avg -28.77% | -7.67%+0.99% | -7.74%-2.86% | -3.06%

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

Current vs 7-Day Eod -22.86% | -11.32%-11.32% | -7.48%-5.77% | -2.52%

Sentiment BULLISHBULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 19.41% | 2.23%

Calls: 26.32% | 1.75%

Puts: 12.50% | 2.70%

Prior 6.54% | 3.08%

Calls: 9.52% | 1.61%

Puts: 3.57% | 4.55%

Current vs Prior +196.79% | -27.60%

Prior 7-Day Avg 7.10% | 3.66%

Calls: 8.71% | 3.38%

Puts: 5.49% | 3.94%

Current vs 7-Day Avg +173.55% | -39.07%

Liquidity Good

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🤖 AI Insights

Bullish P/C ratio of 0.51. P/C ratio dropping 24% - 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 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
12:00	BEARISH	BULLISH	BULLISH
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 338 of results (avg 2.9%, best 0.6%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$81.00	Sep 30	1.64	1.65	$1.65	0.6%	383	0.66	1.0K
$67.00	Sep 2	14.80	14.90	$14.85	0.7%	16	1.00	121
$68.00	Sep 2	13.80	13.90	$13.85	0.7%	20	1.00	127
$69.00	Sep 2	12.80	12.90	$12.85	0.8%	25	1.00	83
$82.00	Oct 16	1.24	1.25	$1.25	0.8%	795	0.47	12.4K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$96.00	Sep 18	14.10	14.20	$14.15	0.7%	--	1.00	1.0K
$82.50	Oct 2	1.36	1.37	$1.37	0.7%	11	0.60	597
$95.00	Sep 2	13.10	13.20	$13.15	0.8%	2	1.00	--
$94.00	Sep 2	12.10	12.20	$12.15	0.8%	2	1.00	--
$93.00	Sep 18	11.10	11.20	$11.15	0.9%	--	1.00	51

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 160 found (avg $0.31, cheapest $0.16)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.50	Sep 4	0.10	0.11	$0.11	9.1%	2.3K	0.23	15.1K
$83.00	Sep 9	0.09	0.10	$0.10	10.0%	233	0.16	1.8K
$82.00	Sep 4	0.28	0.29	$0.29	3.4%	4.6K	0.46	4.8K
$82.50	Sep 9	0.20	0.21	$0.21	4.8%	262	0.29	1.3K
$84.00	Sep 11	0.05	0.06	$0.06	16.7%	51	0.08	19.7K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.00	Sep 2	0.15	0.17	$0.16	12.5%	1.2K	0.77	10.1K
$81.00	Sep 4	0.05	0.06	$0.06	16.7%	641	0.13	5.8K
$81.50	Sep 4	0.15	0.16	$0.16	6.3%	2.5K	0.30	3.2K
$80.50	Sep 9	0.05	0.06	$0.06	16.7%	127	0.10	478
$81.00	Sep 9	0.12	0.13	$0.13	7.7%	217	0.20	1.9K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 238 found (avg delta 0.88, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$76.50	Oct 2	5.60	5.70	$5.65	1.8%	8	1.00	6
$76.00	Oct 9	6.10	6.20	$6.15	1.6%	--	1.00	132
$67.00	Oct 16	15.00	15.20	$15.10	1.3%	--	1.00	24
$70.00	Oct 16	12.05	12.20	$12.13	1.2%	--	1.00	90
$75.00	Oct 16	7.05	7.20	$7.13	2.1%	--	1.00	330

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$83.00	Sep 2	1.08	1.19	$1.14	9.6%	9	1.00	97
$83.50	Sep 2	1.62	1.69	$1.66	4.2%	52	1.00	16
$84.00	Sep 2	2.08	2.19	$2.13	5.2%	2	1.00	--
$84.50	Sep 2	2.58	2.69	$2.64	4.2%	3	1.00	--
$85.00	Sep 2	3.10	3.20	$3.15	3.2%	28	1.00	--

Most actively traded options today. High liquidity = easy entry/exit. 410 active (total vol 125.2K, 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
$84.00	Sep 18	0.15	0.16	$0.16	6.3%	6.7K	0.15	51.4K
$86.00	Sep 18	0.05	0.06	$0.06	16.7%	6.3K	0.05	50.6K
$87.00	Oct 16	0.14	0.15	$0.15	6.7%	5.5K	0.09	59.3K
$84.00	Oct 16	0.50	0.51	$0.51	2.0%	5.4K	0.25	83.8K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$78.00	Sep 18	0.03	0.04	$0.04	25.0%	4.6K	0.04	42.9K
$82.00	Sep 11	0.54	0.56	$0.55	3.6%	3.3K	0.53	11.2K
$81.50	Sep 4	0.15	0.16	$0.16	6.3%	2.5K	0.30	3.2K
$81.00	Sep 30	0.51	0.52	$0.52	1.9%	2.4K	0.34	7.2K
$82.00	Oct 16	1.26	1.28	$1.27	1.6%	2.2K	0.53	24.6K

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

No setups found for this strategy

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 90 found (best R:R 0.75, avg 2.11)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$81.50	$82.00	Sep 4	$0.28	$0.22	$0.28	70%	0.79	$81.78
$85.00	$86.00	Oct 16	$0.11	$0.89	$0.11	17%	8.09	$85.11
$81.00	$82.00	Sep 14	$0.63	$0.37	$0.63	74%	0.59	$81.63
$84.00	$85.00	Sep 30	$0.14	$0.86	$0.14	22%	6.14	$84.14
$81.00	$82.00	Sep 16	$0.62	$0.38	$0.62	71%	0.61	$81.62

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$83.00	$82.00	Sep 30	$0.57	$0.43	$0.57	66%	0.75	$82.43
$83.00	$82.00	Sep 14	$0.66	$0.34	$0.66	77%	0.52	$82.34
$81.50	$81.00	Oct 9	$0.19	$0.31	$0.19	47%	1.63	$81.31
$82.00	$81.00	Oct 16	$0.44	$0.56	$0.44	53%	1.27	$81.56
$82.00	$81.50	Sep 25	$0.21	$0.29	$0.21	52%	1.38	$81.79

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 52 found (best R:R 0.79, avg 0.44)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$82.00	$83.00	Oct 16	$0.44	$0.44	$0.56	53%	0.79	$82.44
$82.00	$83.00	Sep 14	$0.35	$0.35	$0.65	53%	0.54	$82.35
$82.00	$83.00	Sep 16	$0.38	$0.38	$0.62	52%	0.61	$82.38
$82.00	$82.50	Oct 2	$0.25	$0.25	$0.25	53%	1.00	$82.25
$82.00	$83.00	Sep 30	$0.43	$0.43	$0.57	52%	0.75	$82.43

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$81.00	$80.00	Sep 14	$0.15	$0.15	$0.85	74%	0.18	$80.85
$81.50	$81.00	Sep 4	$0.10	$0.10	$0.40	70%	0.25	$81.40
$81.00	$80.00	Sep 16	$0.17	$0.17	$0.83	71%	0.20	$80.83
$81.50	$81.00	Sep 9	$0.12	$0.12	$0.38	65%	0.32	$81.38
$81.00	$80.50	Sep 18	$0.12	$0.12	$0.38	70%	0.32	$80.88

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. 198 found (cheapest 0.23% of stock, avg 4.23%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$82.00	Sep 2	$0.03	$0.16	$0.19	$81.81	$82.19	0.23%
$81.50	Sep 2	$0.38	$0.02	$0.40	$81.10	$81.90	0.49%
$82.50	Sep 2	$0.01	$0.65	$0.66	$81.84	$83.16	0.81%
$82.00	Sep 4	$0.29	$0.37	$0.66	$81.34	$82.66	0.81%
$81.50	Sep 4	$0.57	$0.16	$0.73	$80.77	$82.23	0.89%
$82.50	Sep 4	$0.11	$0.71	$0.82	$81.68	$83.32	1.00%
$82.00	Sep 9	$0.40	$0.46	$0.86	$81.14	$82.86	1.05%
$81.00	Sep 2	$0.86	$0.01	$0.87	$80.13	$81.87	1.06%
$81.50	Sep 9	$0.69	$0.25	$0.94	$80.56	$82.44	1.15%
$82.50	Sep 9	$0.21	$0.78	$0.99	$81.51	$83.49	1.21%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 211 found (cheapest 0.06% of stock, avg 0.97%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$82.00	$81.50	Sep 2	$0.03	$0.02	$0.05	$81.45	$82.05
$83.00	$80.50	Sep 4	$0.04	$0.03	$0.07	$80.43	$83.07
$83.50	$80.00	Sep 9	$0.05	$0.03	$0.08	$79.92	$83.58
$84.00	$79.50	Sep 11	$0.06	$0.04	$0.10	$79.40	$84.10
$83.00	$81.00	Sep 4	$0.04	$0.06	$0.10	$80.90	$83.10
$83.50	$80.50	Sep 9	$0.05	$0.06	$0.11	$80.39	$83.61
$84.00	$80.00	Sep 11	$0.06	$0.06	$0.12	$79.88	$84.12
$83.00	$80.00	Sep 9	$0.10	$0.03	$0.13	$79.87	$83.13
$83.50	$79.50	Sep 11	$0.10	$0.04	$0.14	$79.36	$83.64
$84.00	$80.00	Sep 14	$0.08	$0.08	$0.16	$79.84	$84.16

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 19 found (best R:R 1.50, avg credit $0.30)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
80/80	83/84	Oct 9	$0.30	$0.20	33%	1.50	$80.20	$83.30
80/80	83/84	Oct 9	$0.26	$0.24	39%	1.08	$79.74	$83.26
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	43%	0.92	$80.26	$83.74
80/80	83/84	Oct 2	$0.27	$0.23	36%	1.17	$80.23	$83.27
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	45%	0.79	$79.78	$83.72
80/81	83/84	Sep 18	$0.24	$0.26	41%	0.92	$80.76	$83.24
80/81	83/84	Sep 25	$0.27	$0.23	34%	1.17	$80.73	$83.27
78/79	84/85	Oct 16	$0.31	$0.69	56%	0.45	$78.69	$84.31

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 96 found (best R:R 2.85, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$81.00	$81.50	$82.00	Sep 2	$0.13	$0.37	74%	2.85
$79.00	$80.00	$81.00	Oct 16	$0.08	$0.92	24%	11.50
$80.00	$81.00	$82.00	Sep 30	$0.13	$0.87	31%	6.69
$81.00	$82.00	$83.00	Sep 14	$0.28	$0.72	50%	2.57
$81.50	$82.00	$82.50	Sep 4	$0.10	$0.40	47%	4.00

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$81.00	$81.50	$82.00	Sep 2	$0.13	$0.37	74%	2.85
$80.00	$81.00	$82.00	Sep 14	$0.21	$0.79	43%	3.76
$80.00	$81.00	$82.00	Sep 16	$0.20	$0.80	38%	4.00
$81.00	$82.00	$83.00	Sep 14	$0.30	$0.70	50%	2.33
$79.00	$80.00	$81.00	Sep 16	$0.10	$0.90	22%	9.00

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 164 found (best net $-0.90, 144 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$73.00	$77.00	1:2	Sep 4	-$0.90	$3.10
$70.00	$75.00	1:2	Oct 16	-$2.13	$2.87
$70.00	$75.00	1:2	Sep 30	-$2.16	$2.84
$76.00	$79.00	1:2	Oct 9	-$0.45	$2.55
$77.00	$79.00	1:2	Sep 25	-$1.27	$0.73

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$88.00	$85.00	1:2	Sep 16	-$0.15	$2.85
$87.00	$85.00	1:2	Sep 4	-$1.15	$0.85
$87.00	$85.00	1:2	Sep 9	-$1.15	$0.85
$84.00	$83.00	1:2	Sep 14	-$0.34	$0.66
$84.00	$83.00	1:2	Sep 16	-$0.45	$0.55

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%	795	12.4K
$83.00	Oct 16	$0.80	0.35	1.4%	0.98%	2.36%	721	72.2K
$82.00	Oct 9	$1.12	0.47	0.2%	1.37%	1.53%	11	112
$82.50	Oct 9	$0.88	0.40	0.8%	1.07%	1.84%	173	433
$82.00	Oct 2	$1.03	0.47	0.2%	1.26%	1.42%	5	677
$82.00	Sep 30	$1.01	0.48	0.2%	1.23%	1.39%	186	8.4K
$83.00	Oct 9	$0.68	0.34	1.4%	0.83%	2.21%	13	277
$82.50	Oct 2	$0.78	0.40	0.8%	0.95%	1.72%	48	2.0K
$84.00	Oct 16	$0.50	0.25	2.6%	0.61%	3.21%	5.4K	83.8K
$82.00	Sep 25	$0.92	0.48	0.2%	1.12%	1.28%	38	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 83,293

Total Puts 42,474

Put/Call Ratio 0.51

Net Difference 40,819

Prior's Put/Call Breakdown

Total Calls 117,268

Total Puts 78,867

Put/Call Ratio 0.67

Net Difference 38,401

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

🤖 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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