TLT - Options Database

TLT

iShares 20+ Year Treasury Bond ETF

$82.27 +0.39%

(9/2 19:03) ◀

Thursday, September 3, 2026 (10:00am)

▶ (9/3 11:00)

◀ 9/3 10:00 ▶

Option Volume

Detail

ℹ

Current (09/03 10:00am) 50,945

Calls: 37,796 (74%)

Puts: 13,149 (26%)

Prior (09/02) 47,261

Calls: 26,543 (56%)

Puts: 20,718 (44%)

Current vs Prior +7.80%

Calls: +42.40% (Calls)

Puts: -36.53% (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 -86.52%

Calls: -84.02%

Puts: -90.71%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (09/03 10:00am) $2.25M

Calls: $1.64M (73%)

Puts: $615.0K (27%)

Prior (09/02) $2.81M

Calls: $1.28M (45%)

Puts: $1.53M (55%)

Current vs Prior -19.90%

Calls: +28.03%

Puts: -59.87%

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 -87.98%

Calls: -87.21%

Puts: -89.62%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (09/03 10:00am) 0.35

Prior (09/02) 0.78

Current vs Prior -55.43%

Prior 7-Day Average 0.62

Current vs Prior 7-Day Avg -43.97%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (09/03 10:00am) 3,771,451

Calls: 2,251,351 (60%)

Puts: 1,520,100 (40%)

Prior (09/02) 3,864,355

Calls: 2,303,793 (60%)

Puts: 1,560,562 (40%)

Current vs Prior -2.40%

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 +27.98%

Sentiment BEARISH

Expected Move

Detail

ℹ

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

Current 0.95% | 1.25%0.95% | 1.53%2.24% | 3.63%

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

Current vs Prior +10.89% | -3.30%-26.77% | -14.70%-11.54% | -5.84%

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

Current vs 7-Day Avg +2.39% | +0.67%-16.61% | -14.94%-9.25% | -6.95%

Prior 7-Day Eod 0.86% | 1.29%1.13% | 1.67%2.43% | 3.79%

Current vs 7-Day Eod +10.89% | -3.30%-16.45% | -8.39%-7.90% | -4.23%

Sentiment BEARISHBULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 2.59% | 1.96%

Calls: 2.33% | 1.79%

Puts: 2.86% | 2.13%

Prior 6.54% | 3.08%

Calls: 9.52% | 1.61%

Puts: 3.57% | 4.55%

Current vs Prior -60.40% | -36.36%

Prior 7-Day Avg 7.10% | 3.66%

Calls: 8.71% | 3.38%

Puts: 5.49% | 3.94%

Current vs 7-Day Avg -63.50% | -46.45%

Liquidity Good

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🤖 AI Insights

Moderately bullish flow with 73% call dollar volume ($1.64M). Extreme bullish P/C ratio of 0.35 - heavy call buying (37,796 calls vs 13,149 puts). P/C ratio dropping 55% - sentiment shifting bullish.

Smart Money BULLISH

Retail Flow BULLISH

Overall BULLISH

Dollar Volume

Option Volume

Put/Call Ratio

Open Interest

Expected Move

Current BULLISH

Prior BEARISH

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
16:00	BEARISH	BULLISH	BULLISH
15:00	BEARISH	BULLISH	BULLISH
14:00	BEARISH	BULLISH	BULLISH
13:00	BEARISH	BULLISH	BULLISH
12:00	BEARISH	BULLISH	BULLISH
11:00	BEARISH	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 285 of results (avg 3.2%, best 0.5%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$81.00	Oct 16	2.06	2.07	$2.07	0.5%	124	0.67	13.9K
$81.50	Sep 25	1.43	1.44	$1.44	0.7%	185	0.66	1.1K
$82.00	Sep 30	1.20	1.21	$1.21	0.8%	45	0.56	8.6K
$82.00	Sep 25	1.10	1.11	$1.11	0.9%	22	0.56	2.0K
$72.00	Sep 18	10.35	10.45	$10.40	1.0%	28	1.00	26

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$98.00	Oct 16	15.65	15.80	$15.73	1.0%	--	0.99	114
$83.00	Sep 18	1.03	1.04	$1.04	1.0%	281	0.65	76.8K
$83.00	Sep 14	0.91	0.92	$0.92	1.1%	--	0.69	127
$96.00	Sep 18	13.65	13.80	$13.73	1.1%	--	1.00	1.0K
$83.50	Oct 9	1.81	1.83	$1.82	1.1%	--	0.68	294

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 154 found (avg $0.32, cheapest $0.13)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.50	Sep 4	0.15	0.16	$0.16	6.3%	3.1K	0.36	17.4K
$83.50	Sep 9	0.05	0.06	$0.06	16.7%	311	0.11	11.1K
$83.00	Sep 9	0.13	0.14	$0.14	7.1%	823	0.23	1.8K
$82.00	Sep 4	0.42	0.43	$0.43	2.3%	503	0.68	6.5K
$84.00	Sep 11	0.07	0.08	$0.08	12.5%	94	0.11	18.4K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.00	Sep 4	0.12	0.13	$0.13	7.7%	1.6K	0.32	7.3K
$81.50	Sep 9	0.10	0.11	$0.11	9.1%	280	0.20	1.2K
$82.50	Sep 4	0.34	0.35	$0.35	2.9%	221	0.64	7.5K
$82.00	Sep 9	0.24	0.25	$0.25	4.0%	55	0.39	2.0K
$80.50	Sep 11	0.05	0.06	$0.06	16.7%	1	0.09	6.3K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 188 found (avg delta 0.86, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$73.00	Sep 14	9.30	9.40	$9.35	1.1%	--	1.00	16
$79.00	Sep 14	3.30	3.45	$3.38	4.4%	3	1.00	3
$70.00	Oct 2	12.40	12.60	$12.50	1.6%	216	1.00	--
$77.00	Oct 2	5.45	5.60	$5.53	2.7%	--	1.00	13
$76.00	Oct 9	6.45	6.60	$6.53	2.3%	--	1.00	138

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$84.00	Sep 4	1.70	1.79	$1.75	5.1%	2	1.00	100
$85.00	Sep 4	2.69	2.79	$2.74	3.6%	139	1.00	--
$86.50	Sep 4	4.15	4.30	$4.22	3.6%	1	1.00	--
$87.00	Sep 4	4.65	4.80	$4.72	3.2%	2	1.00	--
$94.00	Sep 4	11.65	11.80	$11.73	1.3%	5	1.00	--

Most actively traded options today. High liquidity = easy entry/exit. 265 active (total vol 50.9K, top 5.2K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$84.00	Sep 30	0.37	0.38	$0.38	2.6%	5.2K	0.25	52.1K
$87.00	Sep 18	0.03	0.04	$0.04	25.0%	3.7K	0.04	35.4K
$82.50	Sep 4	0.15	0.16	$0.16	6.3%	3.1K	0.36	17.4K
$84.00	Sep 18	0.18	0.19	$0.19	5.3%	2.8K	0.18	56.6K
$87.50	Sep 25	0.05	0.06	$0.06	16.7%	2.2K	0.05	833

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$80.00	Sep 18	0.09	0.10	$0.10	10.0%	2.4K	0.11	63.3K
$82.00	Sep 4	0.12	0.13	$0.13	7.7%	1.6K	0.32	7.3K
$81.50	Sep 25	0.45	0.46	$0.46	2.2%	915	0.34	953
$82.00	Sep 11	0.34	0.35	$0.35	2.9%	754	0.41	10.7K
$80.50	Sep 4	0.00	0.01	$0.01	100.0%	512	0.02	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 17.6%, max 34.0%)

CALLS (2)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$82.00	Sep 4	Oct 16	12.5%	9.4%	34.0%	1.6K	21.2K
$82.50	Sep 4	Oct 9	12.3%	12.1%	1.4%	3.2K	19.0K

PUTS (2)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$82.00	Sep 4	Oct 16	12.5%	9.4%	34.0%	1.9K	31.2K
$82.50	Sep 4	Oct 9	12.3%	12.2%	1.0%	227	7.6K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 81 found (best R:R 0.92, avg 2.09)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$85.00	$86.00	Oct 16	$0.13	$0.87	$0.13	20%	6.69	$85.13
$84.00	$85.00	Oct 16	$0.21	$0.79	$0.21	28%	3.76	$84.21
$84.00	$84.50	Oct 2	$0.10	$0.40	$0.10	25%	4.00	$84.10
$83.50	$84.00	Oct 9	$0.14	$0.36	$0.14	32%	2.57	$83.64
$82.00	$82.50	Sep 9	$0.26	$0.24	$0.26	62%	0.92	$82.26

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$83.00	$82.00	Oct 16	$0.52	$0.48	$0.52	60%	0.92	$82.48
$82.50	$82.00	Sep 11	$0.21	$0.29	$0.21	57%	1.38	$82.29
$83.00	$82.00	Sep 14	$0.54	$0.46	$0.54	69%	0.85	$82.46
$83.00	$82.00	Sep 30	$0.50	$0.50	$0.50	61%	1.00	$82.50
$82.00	$81.00	Oct 16	$0.38	$0.62	$0.38	49%	1.63	$81.62

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 47 found (best R:R 0.56, avg 0.42)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$83.00	$84.00	Oct 16	$0.36	$0.36	$0.64	60%	0.56	$83.36
$83.00	$84.00	Sep 14	$0.19	$0.19	$0.81	69%	0.23	$83.19
$82.50	$83.00	Sep 4	$0.12	$0.12	$0.38	64%	0.32	$82.62
$82.50	$83.00	Oct 2	$0.23	$0.23	$0.27	55%	0.85	$82.73
$83.00	$84.00	Sep 30	$0.32	$0.32	$0.68	61%	0.47	$83.32

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$82.00	$81.00	Sep 14	$0.25	$0.25	$0.75	59%	0.33	$81.75
$82.00	$81.50	Sep 9	$0.14	$0.14	$0.36	62%	0.39	$81.86
$81.00	$80.00	Sep 16	$0.11	$0.11	$0.89	79%	0.12	$80.89
$82.00	$81.00	Sep 16	$0.27	$0.27	$0.73	58%	0.37	$81.73
$82.00	$81.50	Sep 11	$0.15	$0.15	$0.35	59%	0.43	$81.85

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 4 found (avg debit $0.13, cheapest $0.12)

CALLS (2)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$82.00	Sep 4	Sep 9	$0.13	12.5%	8.4%
$82.50	Sep 4	Sep 9	$0.14	12.3%	9.4%

PUTS (2)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$82.00	Sep 4	Sep 9	$0.12	12.5%	8.4%
$82.50	Sep 4	Sep 9	$0.12	12.3%	9.3%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 164 found (cheapest 0.62% of stock, avg 3.96%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$82.50	Sep 4	$0.16	$0.35	$0.51	$81.99	$83.01	0.62%
$82.00	Sep 4	$0.43	$0.13	$0.56	$81.44	$82.56	0.68%
$82.50	Sep 9	$0.30	$0.47	$0.77	$81.73	$83.27	0.94%
$83.00	Sep 4	$0.04	$0.76	$0.80	$82.20	$83.80	0.97%
$82.00	Sep 9	$0.56	$0.25	$0.81	$81.19	$82.81	0.98%
$81.50	Sep 4	$0.83	$0.04	$0.87	$80.63	$82.37	1.06%
$83.00	Sep 9	$0.14	$0.82	$0.96	$82.04	$83.96	1.17%
$82.50	Sep 11	$0.43	$0.56	$0.99	$81.51	$83.49	1.20%
$81.50	Sep 9	$0.93	$0.11	$1.04	$80.46	$82.54	1.26%
$82.00	Sep 11	$0.70	$0.35	$1.05	$80.95	$83.05	1.28%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 213 found (cheapest 0.07% of stock, avg 0.88%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$84.00	$80.50	Sep 9	$0.03	$0.03	$0.06	$80.44	$84.06
$83.00	$81.50	Sep 4	$0.04	$0.04	$0.08	$81.42	$83.08
$84.00	$81.00	Sep 9	$0.03	$0.05	$0.08	$80.92	$84.08
$84.50	$80.00	Sep 11	$0.05	$0.04	$0.09	$79.91	$84.59
$83.50	$80.50	Sep 9	$0.06	$0.03	$0.09	$80.41	$83.59
$85.00	$80.00	Sep 14	$0.05	$0.05	$0.10	$79.90	$85.10
$83.50	$81.00	Sep 9	$0.06	$0.05	$0.11	$80.89	$83.61
$84.50	$80.50	Sep 11	$0.05	$0.06	$0.11	$80.39	$84.61
$84.00	$80.00	Sep 11	$0.08	$0.04	$0.12	$79.88	$84.12
$84.00	$80.50	Sep 11	$0.08	$0.06	$0.14	$80.36	$84.14

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 16 found (best R:R 1.08, avg credit $0.29)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
80/81	84/84	Oct 9	$0.26	$0.24	40%	1.08	$80.74	$84.26
80/81	84/84	Oct 2	$0.27	$0.23	37%	1.17	$80.73	$83.77
80/80	84/84	Oct 9	$0.22	$0.28	46%	0.79	$80.28	$84.22
80/81	84/84	Sep 25	$0.23	$0.27	44%	0.85	$80.77	$83.73
80/81	84/84	Oct 9	$0.28	$0.22	34%	1.27	$80.72	$83.78
80/81	84/84	Oct 2	$0.23	$0.27	44%	0.85	$80.77	$84.23
80/80	84/84	Oct 9	$0.24	$0.26	40%	0.92	$80.26	$83.74
81/82	84/84	Sep 25	$0.26	$0.24	36%	1.08	$81.24	$83.76
78/79	85/86	Oct 16	$0.23	$0.77	65%	0.30	$78.77	$85.23
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. 90 found (best R:R 2.45, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$81.00	$82.00	$83.00	Sep 14	$0.29	$0.71	52%	2.45
$80.00	$81.00	$82.00	Sep 14	$0.16	$0.84	34%	5.25
$81.50	$82.00	$82.50	Sep 4	$0.13	$0.37	53%	2.85
$80.00	$81.00	$82.00	Oct 16	$0.12	$0.88	28%	7.33
$82.00	$82.50	$83.00	Sep 4	$0.15	$0.35	56%	2.33

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$81.00	$82.00	$83.00	Sep 14	$0.29	$0.71	52%	2.45
$81.50	$82.00	$82.50	Sep 4	$0.13	$0.37	53%	2.85
$81.50	$82.00	$82.50	Sep 9	$0.08	$0.42	39%	5.25
$80.00	$81.00	$82.00	Sep 16	$0.16	$0.84	33%	5.25
$80.00	$81.00	$82.00	Sep 14	$0.17	$0.83	34%	4.88

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 152 found (best net $-2.56, 132 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$70.00	$75.00	1:2	Oct 16	-$2.56	$2.44
$70.00	$75.00	1:2	Sep 30	-$2.58	$2.42
$78.50	$80.00	1:2	Sep 4	-$0.84	$0.66
$77.00	$79.00	1:2	Sep 25	-$1.60	$0.40
$80.00	$81.00	1:2	Sep 14	-$0.58	$0.42

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$87.50	$85.50	1:2	Sep 25	-$1.21	$0.79
$84.00	$83.00	1:2	Sep 14	-$0.08	$0.92
$84.00	$83.00	1:2	Sep 16	-$0.19	$0.81
$83.00	$82.00	1:2	Sep 30	-$0.20	$0.80
$85.00	$84.00	1:2	Sep 4	-$0.76	$0.24

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 64 found (best yield 1.12%, avg 0.35%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$83.00	Oct 16	$0.92	0.40	0.9%	1.12%	2.01%	237	73.5K
$82.50	Oct 9	$1.03	0.45	0.3%	1.25%	1.53%	46	1.6K
$83.00	Oct 9	$0.80	0.39	0.9%	0.97%	1.86%	1	296
$84.00	Oct 16	$0.57	0.28	2.1%	0.69%	2.80%	413	82.6K
$82.50	Oct 2	$0.93	0.45	0.3%	1.13%	1.41%	163	1.9K
$83.50	Oct 9	$0.61	0.32	1.5%	0.74%	2.24%	--	475
$83.00	Sep 30	$0.69	0.39	0.9%	0.84%	1.73%	130	19.8K
$83.00	Oct 2	$0.70	0.38	0.9%	0.85%	1.74%	124	2.8K
$84.00	Oct 9	$0.47	0.27	2.1%	0.57%	2.67%	2	564
$82.50	Sep 25	$0.82	0.47	0.3%	1.00%	1.28%	51	6.6K

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 37,796

Total Puts 13,149

Put/Call Ratio 0.35

Net Difference 24,647

Prior's Put/Call Breakdown

Total Calls 26,543

Total Puts 20,718

Put/Call Ratio 0.78

Net Difference 5,825

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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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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