TLT - Options Database

TLT

iShares 20+ Year Treasury Bond ETF

$82.42 +0.57%

(9/3 11:00) ◀

Thursday, September 3, 2026 (12:00pm)

▶ (9/3 13:01)

◀ 9/3 12:00 ▶

Option Volume

Detail

ℹ

Current (09/03 12:00pm) 128,633

Calls: 82,685 (64%)

Puts: 45,948 (36%)

Prior (09/02) 125,767

Calls: 83,293 (66%)

Puts: 42,474 (34%)

Current vs Prior +2.28%

Calls: -0.73% (Calls)

Puts: +8.18% (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 -63.26%

Calls: -61.78%

Puts: -65.65%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (09/03 12:00pm) $5.85M

Calls: $4.26M (73%)

Puts: $1.59M (27%)

Prior (09/02) $8.94M

Calls: $3.86M (43%)

Puts: $5.08M (57%)

Current vs Prior -34.52%

Calls: +10.55%

Puts: -68.71%

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 -66.50%

Calls: -64.18%

Puts: -71.47%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (09/03 12:00pm) 0.56

Prior (09/02) 0.51

Current vs Prior +8.97%

Prior 7-Day Average 0.64

Current vs Prior 7-Day Avg -12.70%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (09/03 12:00pm) 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 0.93% | 1.25%0.93% | 1.52%2.17% | 3.59%

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

Current vs Prior -16.78% | -10.95%-16.78% | -9.94%-10.56% | -5.36%

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

Current vs 7-Day Avg -6.41% | -3.92%-15.90% | -13.72%-10.86% | -7.18%

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

Current vs 7-Day Eod -16.78% | -10.95%-17.68% | -9.28%-10.56% | -5.36%

Sentiment BULLISHBULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 2.96% | 2.11%

Calls: 1.92% | 1.52%

Puts: 4.00% | 2.70%

Prior 3.25% | 1.88%

Calls: 3.28% | 1.37%

Puts: 3.23% | 2.38%

Current vs Prior -8.92% | +12.23%

Prior 7-Day Avg 5.40% | 3.23%

Calls: 6.50% | 2.78%

Puts: 4.32% | 3.68%

Current vs 7-Day Avg -45.23% | -34.62%

Liquidity Good

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🤖 AI Insights

Moderately bullish flow with 73% call dollar volume ($4.26M). Bullish P/C ratio of 0.56.

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
12:00	BULLISH	BULLISH	BULLISH
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 290 of results (avg 2.9%, best 0.5%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$81.00	Oct 16	2.15	2.16	$2.16	0.5%	136	0.69	13.9K
$81.50	Sep 25	1.52	1.53	$1.53	0.7%	187	0.69	1.1K
$82.00	Sep 30	1.27	1.28	$1.27	0.8%	197	0.59	8.6K
$82.50	Oct 9	1.09	1.10	$1.10	0.9%	1.1K	0.47	1.6K
$72.00	Sep 18	10.50	10.60	$10.55	0.9%	250	1.00	26

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$96.00	Sep 18	13.55	13.65	$13.60	0.7%	--	1.00	1.0K
$83.50	Sep 25	1.34	1.35	$1.35	0.7%	25	0.68	858
$95.00	Sep 4	12.55	12.65	$12.60	0.8%	10	1.00	--
$94.00	Sep 4	11.55	11.65	$11.60	0.9%	10	1.00	--
$82.50	Oct 9	1.10	1.11	$1.11	0.9%	6	0.53	134

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 146 found (avg $0.31, cheapest $0.08)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.50	Sep 4	0.19	0.20	$0.20	5.0%	15.0K	0.46	17.4K
$83.50	Sep 9	0.05	0.06	$0.06	16.7%	628	0.12	11.1K
$83.00	Sep 9	0.14	0.15	$0.15	6.7%	2.7K	0.26	1.8K
$84.00	Sep 11	0.06	0.07	$0.07	14.3%	316	0.11	18.4K
$82.00	Sep 4	0.51	0.52	$0.52	1.9%	1.1K	0.78	6.5K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.00	Sep 4	0.07	0.08	$0.08	12.5%	6.3K	0.22	7.3K
$82.50	Sep 4	0.24	0.25	$0.25	4.0%	897	0.54	7.5K
$81.50	Sep 9	0.08	0.09	$0.09	11.1%	349	0.17	1.2K
$82.00	Sep 9	0.18	0.19	$0.19	5.3%	159	0.32	2.0K
$81.00	Sep 11	0.08	0.09	$0.09	11.1%	290	0.13	5.2K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 201 found (avg delta 0.87, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$72.00	Sep 9	10.40	10.50	$10.45	1.0%	2	1.00	--
$73.00	Sep 9	9.40	9.50	$9.45	1.1%	2	1.00	--
$70.00	Oct 2	12.55	12.75	$12.65	1.6%	216	1.00	--
$77.00	Oct 2	5.60	5.75	$5.68	2.6%	--	1.00	13
$76.00	Oct 9	6.60	6.75	$6.68	2.2%	--	1.00	138

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$84.00	Sep 4	1.57	1.63	$1.60	3.7%	102	1.00	100
$85.00	Sep 4	2.56	2.64	$2.60	3.1%	139	1.00	--
$86.50	Sep 4	4.05	4.15	$4.10	2.4%	2	1.00	--
$87.00	Sep 4	4.55	4.65	$4.60	2.2%	2	1.00	--
$94.00	Sep 4	11.55	11.65	$11.60	0.9%	10	1.00	--

Most actively traded options today. High liquidity = easy entry/exit. 345 active (total vol 128.6K, top 15.0K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.50	Sep 4	0.19	0.20	$0.20	5.0%	15.0K	0.46	17.4K
$84.00	Sep 30	0.38	0.39	$0.39	2.6%	5.2K	0.27	52.1K
$83.00	Sep 4	0.04	0.05	$0.05	20.0%	4.7K	0.16	52.4K
$87.00	Sep 18	0.03	0.04	$0.04	25.0%	3.7K	0.04	35.4K
$87.50	Sep 25	0.04	0.05	$0.05	20.0%	3.4K	0.04	833

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.00	Sep 18	0.43	0.44	$0.44	2.3%	9.7K	0.39	110.7K
$82.00	Sep 4	0.07	0.08	$0.08	12.5%	6.3K	0.22	7.3K
$81.50	Sep 11	0.14	0.15	$0.15	6.7%	5.6K	0.21	8.6K
$80.00	Sep 18	0.08	0.09	$0.09	11.1%	2.7K	0.10	63.3K
$81.00	Sep 4	0.00	0.01	$0.01	100.0%	2.5K	0.02	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. 3 strikes (avg 22.8%, max 34.2%)

CALLS (2)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$82.00	Sep 4	Oct 16	12.4%	9.3%	34.2%	3.0K	21.2K
$83.00	Sep 4	Oct 16	11.8%	11.8%	0.0%	5.6K	126.0K

PUTS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$82.00	Sep 4	Oct 16	12.4%	9.3%	34.2%	7.3K	31.2K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 78 found (best R:R 1.86, avg 1.93)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$82.00	$82.50	Sep 4	$0.32	$0.18	$0.32	78%	0.56	$82.32
$85.00	$86.00	Oct 16	$0.14	$0.86	$0.14	20%	6.14	$85.14
$84.00	$84.50	Oct 9	$0.12	$0.38	$0.12	28%	3.17	$84.12
$84.00	$84.50	Oct 2	$0.11	$0.39	$0.11	26%	3.55	$84.11
$84.00	$84.50	Sep 25	$0.10	$0.40	$0.10	24%	4.00	$84.10

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$82.00	$81.00	Oct 16	$0.35	$0.65	$0.35	47%	1.86	$81.65
$83.00	$82.00	Sep 16	$0.48	$0.52	$0.48	64%	1.08	$82.52
$83.00	$82.00	Sep 30	$0.47	$0.53	$0.47	58%	1.13	$82.53
$83.00	$82.50	Sep 9	$0.31	$0.19	$0.31	74%	0.61	$82.69
$82.50	$82.00	Sep 9	$0.18	$0.32	$0.18	53%	1.78	$82.32

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 44 found (best R:R 0.27, avg 0.45)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$83.00	$84.00	Sep 14	$0.21	$0.21	$0.79	66%	0.27	$83.21
$83.00	$84.00	Sep 16	$0.25	$0.25	$0.75	64%	0.33	$83.25
$83.00	$84.00	Sep 30	$0.35	$0.35	$0.65	58%	0.54	$83.35
$82.50	$83.00	Sep 4	$0.15	$0.15	$0.35	54%	0.43	$82.65
$82.50	$83.00	Sep 18	$0.24	$0.24	$0.26	51%	0.92	$82.74

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$82.00	$81.00	Sep 14	$0.20	$0.20	$0.80	64%	0.25	$81.80
$82.00	$81.00	Sep 16	$0.24	$0.24	$0.76	62%	0.32	$81.76
$82.00	$81.50	Sep 11	$0.13	$0.13	$0.37	65%	0.35	$81.87
$82.00	$81.50	Sep 9	$0.10	$0.10	$0.40	68%	0.25	$81.90
$81.00	$80.00	Sep 30	$0.16	$0.16	$0.84	75%	0.19	$80.84

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $0.13, cheapest $0.12)

CALLS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$82.50	Sep 4	Sep 9	$0.14	12.0%	8.8%

PUTS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$82.50	Sep 4	Sep 9	$0.12	12.0%	8.8%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 171 found (cheapest 0.55% of stock, avg 4.04%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$82.50	Sep 4	$0.20	$0.25	$0.45	$82.05	$82.95	0.55%
$82.00	Sep 4	$0.52	$0.08	$0.60	$81.40	$82.60	0.73%
$83.00	Sep 4	$0.05	$0.61	$0.66	$82.34	$83.66	0.80%
$82.50	Sep 9	$0.34	$0.37	$0.71	$81.79	$83.21	0.86%
$83.00	Sep 9	$0.15	$0.68	$0.83	$82.17	$83.83	1.01%
$82.00	Sep 9	$0.66	$0.19	$0.85	$81.15	$82.85	1.03%
$82.50	Sep 11	$0.48	$0.47	$0.95	$81.55	$83.45	1.15%
$81.50	Sep 4	$0.98	$0.03	$1.01	$80.49	$82.51	1.23%
$83.00	Sep 11	$0.26	$0.76	$1.02	$81.98	$84.02	1.24%
$82.00	Sep 11	$0.78	$0.28	$1.06	$80.94	$83.06	1.29%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 204 found (cheapest 0.06% of stock, avg 0.88%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$83.50	$81.50	Sep 4	$0.02	$0.03	$0.05	$81.45	$83.55
$85.00	$80.00	Sep 14	$0.04	$0.04	$0.08	$79.92	$85.08
$84.00	$81.00	Sep 9	$0.03	$0.05	$0.08	$80.92	$84.08
$83.00	$81.50	Sep 4	$0.05	$0.03	$0.08	$81.42	$83.08
$84.50	$80.50	Sep 11	$0.04	$0.05	$0.09	$80.41	$84.59
$86.00	$80.00	Sep 16	$0.05	$0.06	$0.11	$79.89	$86.11
$83.50	$81.00	Sep 9	$0.06	$0.05	$0.11	$80.89	$83.61
$83.50	$82.00	Sep 4	$0.02	$0.08	$0.10	$81.90	$83.60
$84.00	$80.50	Sep 11	$0.07	$0.05	$0.12	$80.38	$84.12
$85.00	$80.00	Sep 16	$0.07	$0.06	$0.13	$79.87	$85.13

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 12 found (best R:R 1.38, avg credit $0.30)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
80/81	84/84	Oct 9	$0.29	$0.21	35%	1.38	$80.71	$83.79
80/81	84/84	Oct 9	$0.25	$0.25	41%	1.00	$80.75	$84.25
80/81	84/84	Oct 2	$0.26	$0.24	38%	1.08	$80.74	$83.76
80/81	84/84	Oct 2	$0.22	$0.28	45%	0.79	$80.78	$84.22
81/82	84/84	Sep 25	$0.25	$0.25	37%	1.00	$81.25	$83.75
81/82	84/84	Sep 25	$0.21	$0.29	45%	0.72	$81.29	$84.21
82/82	83/84	Sep 11	$0.26	$0.24	33%	1.08	$81.74	$83.26
79/80	84/85	Oct 16	$0.38	$0.62	48%	0.61	$79.62	$84.38
79/80	85/86	Oct 16	$0.28	$0.72	58%	0.39	$79.72	$85.28
80/81	84/85	Oct 16	$0.47	$0.53	38%	0.89	$80.53	$84.47

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 89 found (best R:R 2.70, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$81.00	$82.00	$83.00	Sep 14	$0.27	$0.73	52%	2.70
$79.00	$80.00	$81.00	Oct 16	$0.06	$0.94	21%	15.67
$80.00	$81.00	$82.00	Sep 30	$0.10	$0.90	27%	9.00
$82.00	$82.50	$83.00	Sep 4	$0.17	$0.33	62%	1.94
$81.50	$82.00	$82.50	Sep 9	$0.07	$0.43	37%	6.14

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
$81.00	$82.00	$83.00	Sep 16	$0.24	$0.76	46%	3.17
$80.00	$81.00	$82.00	Sep 14	$0.14	$0.86	30%	6.14
$80.00	$81.00	$82.00	Sep 30	$0.12	$0.88	27%	7.33
$82.00	$82.50	$83.00	Sep 4	$0.19	$0.31	63%	1.63

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 143 found (best net $-2.71, 124 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$70.00	$75.00	1:2	Oct 16	-$2.71	$2.29
$70.00	$75.00	1:2	Sep 30	-$2.73	$2.27
$78.50	$80.00	1:2	Sep 4	-$0.95	$0.55
$81.50	$82.00	1:2	Sep 4	-$0.06	$0.44
$80.00	$81.00	1:2	Sep 14	-$0.67	$0.33

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$87.50	$85.50	1:2	Sep 25	-$1.12	$0.88
$84.00	$83.00	1:2	Sep 16	-$0.10	$0.90
$85.00	$84.00	1:2	Sep 4	-$0.60	$0.40
$86.50	$85.00	1:2	Sep 4	-$1.10	$0.40
$83.50	$83.00	1:2	Sep 4	-$0.13	$0.37

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 62 found (best yield 1.16%, avg 0.38%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$83.00	Oct 16	$0.96	0.41	0.7%	1.16%	1.87%	847	73.5K
$82.50	Oct 9	$1.09	0.47	0.1%	1.32%	1.42%	1.1K	1.6K
$83.00	Oct 9	$0.85	0.41	0.7%	1.03%	1.74%	34	296
$84.00	Oct 16	$0.60	0.30	1.9%	0.73%	2.64%	740	82.6K
$82.50	Oct 2	$0.99	0.47	0.1%	1.20%	1.30%	271	1.9K
$83.50	Oct 9	$0.65	0.34	1.3%	0.79%	2.10%	--	475
$83.00	Oct 2	$0.75	0.40	0.7%	0.91%	1.61%	154	2.8K
$83.00	Sep 30	$0.73	0.42	0.7%	0.89%	1.59%	343	19.8K
$84.00	Oct 9	$0.49	0.28	1.9%	0.59%	2.51%	66	564
$82.50	Sep 25	$0.88	0.49	0.1%	1.07%	1.16%	69	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 82,685

Total Puts 45,948

Put/Call Ratio 0.56

Net Difference 36,737

Prior's Put/Call Breakdown

Total Calls 83,293

Total Puts 42,474

Put/Call Ratio 0.51

Net Difference 40,819

Prior 7-Day Put/Call Summary

Total Calls 1,514,217

Total Puts 936,362

Average Put/Call Ratio 0.64

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

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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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