TLT - Options Database

TLT

iShares 20+ Year Treasury Bond ETF

$82.24 +0.35%

(9/3 10:00) ◀

Thursday, September 3, 2026 (11:00am)

▶ (9/3 12:00)

◀ 9/3 11:00 ▶

Option Volume

Detail

ℹ

Current (09/03 11:00am) 95,477

Calls: 63,966 (67%)

Puts: 31,511 (33%)

Prior (09/02) 94,436

Calls: 61,822 (65%)

Puts: 32,614 (35%)

Current vs Prior +1.10%

Calls: +3.47% (Calls)

Puts: -3.38% (Puts)

Prior 7-Day Total 2,450,579

Calls: 1,514,217 (62%)

Puts: 936,362 (38%)

Prior 7-Day Average 350,082

Calls: 216,316 (62%)

Puts: 133,766 (38%)

Current vs Prior 7-Day Avg -72.73%

Calls: -70.43%

Puts: -76.44%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (09/03 11:00am) $4.07M

Calls: $2.69M (66%)

Puts: $1.38M (34%)

Prior (09/02) $6.70M

Calls: $2.42M (36%)

Puts: $4.28M (64%)

Current vs Prior -39.23%

Calls: +10.85%

Puts: -67.62%

Prior 7-Day Total $122.34M

Calls: $83.32M (68%)

Puts: $39.03M (32%)

Prior 7-Day Average $17.48M

Calls: $11.90M (68%)

Puts: $5.58M (32%)

Current vs Prior 7-Day Avg -76.71%

Calls: -77.43%

Puts: -75.17%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (09/03 11:00am) 0.49

Prior (09/02) 0.53

Current vs Prior -6.62%

Prior 7-Day Average 0.64

Current vs Prior 7-Day Avg -22.62%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (09/03 11:00am) 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 21,767,480

Calls: 12,954,964 (60%)

Puts: 8,812,516 (40%)

Prior 7-Day Average 3,109,640

Calls: 1,850,709 (60%)

Puts: 1,258,930 (40%)

Current vs Prior 7-Day Avg +21.28%

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 0.94% | 1.24%0.94% | 1.51%2.20% | 3.64%

Prior 1.12% | 1.40%1.12% | 1.68%2.43% | 3.79%

Current vs Prior -16.60% | -11.62%-16.60% | -10.46%-9.36% | -4.20%

Prior 7-Day Avg 1.00% | 1.30%1.11% | 1.76%2.44% | 3.87%

Current vs 7-Day Avg -6.20% | -4.64%-15.71% | -14.22%-9.66% | -6.03%

Prior 7-Day Eod 1.12% | 1.40%1.13% | 1.67%2.43% | 3.79%

Current vs 7-Day Eod -16.60% | -11.62%-17.49% | -9.81%-9.36% | -4.20%

Sentiment BULLISHBULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 2.60% | 2.91%

Calls: 2.50% | 3.77%

Puts: 2.70% | 2.04%

Prior 3.25% | 1.88%

Calls: 3.28% | 1.37%

Puts: 3.23% | 2.38%

Current vs Prior -20.00% | +54.79%

Prior 7-Day Avg 5.40% | 3.23%

Calls: 6.50% | 2.78%

Puts: 4.32% | 3.68%

Current vs 7-Day Avg -51.89% | -9.83%

Liquidity Good

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🤖 AI Insights

Moderately bullish flow with 66% call dollar volume ($2.69M). Extreme bullish P/C ratio of 0.49 - heavy call buying (63,966 calls vs 31,511 puts).

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 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
11:00	BULLISH	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 289 of results (avg 2.9%, best 0.5%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$81.00	Oct 16	2.03	2.04	$2.04	0.5%	128	0.67	13.9K
$81.50	Oct 9	1.59	1.60	$1.60	0.6%	--	0.60	218
$81.50	Oct 2	1.51	1.52	$1.52	0.7%	63	0.61	250
$82.00	Oct 16	1.39	1.40	$1.40	0.7%	1.5K	0.51	14.7K
$70.00	Sep 18	12.35	12.45	$12.40	0.8%	--	1.00	238

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$83.00	Oct 9	1.50	1.51	$1.51	0.7%	11	0.62	186
$96.00	Sep 18	13.70	13.80	$13.75	0.7%	--	1.00	1.0K
$95.00	Sep 4	12.70	12.80	$12.75	0.8%	5	1.00	--
$82.50	Oct 9	1.21	1.22	$1.21	0.8%	6	0.55	134
$94.00	Sep 4	11.70	11.80	$11.75	0.9%	5	1.00	--

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 147 found (avg $0.32, cheapest $0.13)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.50	Sep 4	0.13	0.14	$0.14	7.1%	11.9K	0.34	17.4K
$83.00	Sep 9	0.11	0.12	$0.12	8.3%	1.4K	0.21	1.8K
$82.00	Sep 4	0.39	0.40	$0.40	2.5%	862	0.67	6.5K
$82.50	Sep 9	0.26	0.27	$0.27	3.7%	567	0.40	1.4K
$84.00	Sep 11	0.06	0.07	$0.07	14.3%	238	0.10	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%	5.8K	0.33	7.3K
$82.50	Sep 4	0.36	0.37	$0.37	2.7%	274	0.66	7.5K
$81.50	Sep 9	0.11	0.12	$0.12	8.3%	337	0.21	1.2K
$82.00	Sep 9	0.23	0.24	$0.24	4.2%	106	0.39	2.0K
$80.50	Sep 11	0.05	0.06	$0.06	16.7%	33	0.09	6.3K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 196 found (avg delta 0.87, 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	12.35	12.55	$12.45	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	1.71	1.81	$1.76	5.7%	2	1.00	100
$85.00	Sep 4	2.70	2.78	$2.74	2.9%	139	1.00	--
$86.50	Sep 4	4.20	4.30	$4.25	2.4%	1	1.00	--
$87.00	Sep 4	4.70	4.80	$4.75	2.1%	2	1.00	--
$94.00	Sep 4	11.70	11.80	$11.75	0.9%	5	1.00	--

Most actively traded options today. High liquidity = easy entry/exit. 317 active (total vol 95.5K, top 11.9K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.50	Sep 4	0.13	0.14	$0.14	7.1%	11.9K	0.34	17.4K
$84.00	Sep 30	0.35	0.36	$0.36	2.8%	5.2K	0.25	52.1K
$87.00	Sep 18	0.03	0.04	$0.04	25.0%	3.7K	0.04	35.4K
$83.50	Sep 18	0.26	0.27	$0.27	3.7%	3.3K	0.25	18.9K
$84.00	Sep 18	0.17	0.18	$0.18	5.6%	3.0K	0.18	56.6K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.00	Sep 18	0.51	0.52	$0.52	1.9%	8.5K	0.43	110.7K
$82.00	Sep 4	0.12	0.13	$0.13	7.7%	5.8K	0.33	7.3K
$80.00	Sep 18	0.09	0.10	$0.10	10.0%	2.6K	0.11	63.3K
$79.00	Oct 16	0.25	0.26	$0.26	3.8%	1.1K	0.16	70.3K
$81.00	Sep 4	0.01	0.02	$0.02	50.0%	1.1K	0.05	6.6K

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 18.0%, max 31.8%)

CALLS (2)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$82.00	Sep 4	Oct 16	12.3%	9.3%	31.8%	2.4K	21.2K
$82.50	Sep 4	Oct 9	12.4%	11.9%	4.2%	11.9K	19.0K

PUTS (2)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$82.00	Sep 4	Oct 16	12.3%	9.3%	31.8%	6.7K	31.2K
$82.50	Sep 4	Oct 9	12.4%	11.9%	4.2%	280	7.6K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 79 found (best R:R 0.82, avg 2.13)

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	19%	6.69	$85.13
$84.00	$85.00	Sep 30	$0.16	$0.84	$0.16	25%	5.25	$84.16
$83.00	$83.50	Sep 25	$0.16	$0.34	$0.16	38%	2.13	$83.16
$83.50	$84.00	Sep 25	$0.12	$0.38	$0.12	29%	3.17	$83.62
$84.00	$84.50	Oct 9	$0.11	$0.39	$0.11	26%	3.55	$84.11

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$83.00	$82.00	Sep 14	$0.55	$0.45	$0.55	70%	0.82	$82.45
$83.00	$82.00	Oct 16	$0.53	$0.47	$0.53	61%	0.89	$82.47
$82.50	$82.00	Sep 11	$0.22	$0.28	$0.22	58%	1.27	$82.28
$83.00	$82.00	Sep 16	$0.54	$0.46	$0.54	67%	0.85	$82.46
$83.00	$82.00	Sep 30	$0.51	$0.49	$0.51	61%	0.96	$82.49

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 46 found (best R:R 0.22, avg 0.42)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$83.00	$84.00	Sep 14	$0.18	$0.18	$0.82	70%	0.22	$83.18
$83.00	$84.00	Oct 16	$0.35	$0.35	$0.65	61%	0.54	$83.35
$83.00	$84.00	Sep 30	$0.32	$0.32	$0.68	61%	0.47	$83.32
$82.50	$83.00	Sep 25	$0.23	$0.23	$0.27	54%	0.85	$82.73
$83.00	$84.00	Sep 16	$0.21	$0.21	$0.79	67%	0.27	$83.21

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	58%	0.33	$81.75
$82.00	$81.00	Sep 16	$0.28	$0.28	$0.72	57%	0.39	$81.72
$81.00	$80.00	Sep 16	$0.11	$0.11	$0.89	79%	0.12	$80.89
$81.00	$80.00	Sep 30	$0.18	$0.18	$0.82	72%	0.22	$80.82
$81.50	$81.00	Oct 2	$0.17	$0.17	$0.33	60%	0.52	$81.33

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 4 found (avg debit $0.12, cheapest $0.11)

CALLS (2)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$82.00	Sep 4	Sep 9	$0.13	12.3%	8.0%
$82.50	Sep 4	Sep 9	$0.13	12.4%	8.9%

PUTS (2)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$82.00	Sep 4	Sep 9	$0.11	12.3%	8.0%
$82.50	Sep 4	Sep 9	$0.12	12.4%	8.9%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 169 found (cheapest 0.62% of stock, avg 4.03%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$82.50	Sep 4	$0.14	$0.37	$0.51	$81.99	$83.01	0.62%
$82.00	Sep 4	$0.40	$0.13	$0.53	$81.47	$82.53	0.64%
$82.50	Sep 9	$0.27	$0.49	$0.76	$81.74	$83.26	0.92%
$82.00	Sep 9	$0.53	$0.24	$0.77	$81.23	$82.77	0.94%
$83.00	Sep 4	$0.04	$0.77	$0.81	$82.19	$83.81	0.98%
$81.50	Sep 4	$0.82	$0.04	$0.86	$80.64	$82.36	1.05%
$83.00	Sep 9	$0.12	$0.83	$0.95	$82.05	$83.95	1.16%
$82.50	Sep 11	$0.40	$0.57	$0.97	$81.53	$83.47	1.18%
$82.00	Sep 11	$0.67	$0.35	$1.02	$80.98	$83.02	1.24%
$81.50	Sep 9	$0.91	$0.12	$1.03	$80.47	$82.53	1.25%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 213 found (cheapest 0.07% of stock, avg 0.87%)

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
$84.50	$80.00	Sep 11	$0.04	$0.04	$0.08	$79.92	$84.58
$83.00	$81.50	Sep 4	$0.04	$0.04	$0.08	$81.42	$83.08
$83.50	$80.50	Sep 9	$0.05	$0.03	$0.08	$80.42	$83.58
$84.00	$81.00	Sep 9	$0.03	$0.05	$0.08	$80.92	$84.08
$85.00	$80.00	Sep 14	$0.04	$0.05	$0.09	$79.91	$85.09
$83.50	$81.00	Sep 9	$0.05	$0.05	$0.10	$80.90	$83.60
$84.50	$80.50	Sep 11	$0.04	$0.06	$0.10	$80.40	$84.60
$84.00	$80.00	Sep 11	$0.07	$0.04	$0.11	$79.89	$84.11
$84.00	$80.50	Sep 11	$0.07	$0.06	$0.13	$80.37	$84.13

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 14 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	41%	1.08	$80.24	$83.76
80/80	84/84	Oct 9	$0.22	$0.28	46%	0.79	$80.28	$84.22
80/81	84/84	Oct 9	$0.28	$0.22	34%	1.27	$80.72	$83.78
80/81	84/84	Oct 2	$0.26	$0.24	38%	1.08	$80.74	$83.76
80/81	84/84	Sep 25	$0.22	$0.28	44%	0.79	$80.78	$83.72
80/81	84/84	Oct 9	$0.24	$0.26	40%	0.92	$80.76	$84.24
81/82	83/84	Sep 18	$0.27	$0.23	34%	1.17	$81.23	$83.27
81/82	84/84	Sep 25	$0.25	$0.25	36%	1.00	$81.25	$83.75
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. 94 found (best R:R 5.67, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$80.00	$81.00	$82.00	Sep 14	$0.15	$0.85	35%	5.67
$81.00	$82.00	$83.00	Sep 14	$0.31	$0.69	53%	2.23
$80.00	$81.00	$82.00	Sep 30	$0.13	$0.87	29%	6.69
$79.00	$80.00	$81.00	Sep 30	$0.07	$0.93	19%	13.29
$82.00	$83.00	$84.00	Sep 14	$0.27	$0.73	47%	2.70

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$81.00	$82.00	$83.00	Sep 14	$0.30	$0.70	53%	2.33
$80.00	$81.00	$82.00	Sep 14	$0.17	$0.83	35%	4.88
$81.00	$82.00	$83.00	Sep 16	$0.26	$0.74	47%	2.85
$80.00	$81.00	$82.00	Sep 16	$0.17	$0.83	34%	4.88
$81.50	$82.00	$82.50	Sep 4	$0.15	$0.35	55%	2.33

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 149 found (best net $-2.48, 130 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$70.00	$75.00	1:2	Oct 16	-$2.48	$2.52
$70.00	$75.00	1:2	Sep 30	-$2.51	$2.49
$78.50	$80.00	1:2	Sep 4	-$0.80	$0.70
$77.00	$79.00	1:2	Sep 25	-$1.60	$0.40
$80.00	$81.00	1:2	Sep 14	-$0.56	$0.44

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$84.00	$83.00	1:2	Sep 14	-$0.09	$0.91
$87.50	$85.50	1:2	Sep 25	-$1.28	$0.72
$84.00	$83.00	1:2	Sep 16	-$0.19	$0.81
$83.00	$82.00	1:2	Sep 30	-$0.19	$0.81
$86.50	$85.00	1:2	Sep 4	-$1.23	$0.27

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 63 found (best yield 1.09%, avg 0.34%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$83.00	Oct 16	$0.90	0.39	0.9%	1.09%	2.02%	478	73.5K
$82.50	Oct 9	$1.00	0.45	0.3%	1.22%	1.53%	46	1.6K
$83.00	Oct 9	$0.78	0.38	0.9%	0.95%	1.87%	6	296
$84.00	Oct 16	$0.56	0.28	2.1%	0.68%	2.82%	573	82.6K
$82.50	Oct 2	$0.91	0.45	0.3%	1.11%	1.42%	263	1.9K
$83.50	Oct 9	$0.60	0.32	1.5%	0.73%	2.26%	--	475
$83.00	Oct 2	$0.69	0.38	0.9%	0.84%	1.76%	152	2.8K
$83.00	Sep 30	$0.67	0.39	0.9%	0.81%	1.74%	271	19.8K
$82.50	Sep 25	$0.79	0.46	0.3%	0.96%	1.28%	65	6.6K
$84.00	Oct 9	$0.45	0.26	2.1%	0.55%	2.69%	11	564

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 63,966

Total Puts 31,511

Put/Call Ratio 0.49

Net Difference 32,455

Prior's Put/Call Breakdown

Total Calls 61,822

Total Puts 32,614

Put/Call Ratio 0.53

Net Difference 29,208

Prior 7-Day Put/Call Summary

Total Calls 1,514,217

Total Puts 936,362

Average Put/Call Ratio 0.64

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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