TLT - Options Database

TLT

iShares 20+ Year Treasury Bond ETF

$82.19 +0.29%

(9/3 14:00) ◀

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

▶ (9/3 15:14)

◀ 9/3 15:00 ▶

Option Volume

Detail

ℹ

Current (09/03 3:00pm) 284,478

Calls: 166,569 (59%)

Puts: 117,909 (41%)

Prior (09/02) 183,544

Calls: 116,881 (64%)

Puts: 66,663 (36%)

Current vs Prior +54.99%

Calls: +42.51% (Calls)

Puts: +76.87% (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 -18.74%

Calls: -23.00%

Puts: -11.85%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (09/03 3:00pm) $30.88M

Calls: $5.80M (19%)

Puts: $25.08M (81%)

Prior (09/02) $12.72M

Calls: $5.09M (40%)

Puts: $7.63M (60%)

Current vs Prior +142.87%

Calls: +14.02%

Puts: +228.87%

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: -51.24%

Puts: +349.84%

Sentiment BEARISH

Put/Call Ratio

Detail

ℹ

Current (09/03 3:00pm) 0.71

Prior (09/02) 0.57

Current vs Prior +24.11%

Prior 7-Day Average 0.64

Current vs Prior 7-Day Avg +11.21%

Sentiment NEUTRAL

Open Interest

Detail

ℹ

Current (09/03 3:00pm) 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 0.92% | 1.20%0.92% | 1.50%2.19% | 3.65%

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

Current vs Prior -17.63% | -14.16%-17.63% | -11.13%-9.81% | -3.82%

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

Current vs 7-Day Avg -7.36% | -7.39%-16.75% | -14.86%-10.11% | -5.66%

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

Current vs 7-Day Eod -17.63% | -14.16%-18.51% | -10.49%-9.81% | -3.82%

Sentiment BULLISHBULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 2.64% | 4.04%

Calls: 2.78% | 4.08%

Puts: 2.50% | 4.00%

Prior 3.25% | 1.88%

Calls: 3.28% | 1.37%

Puts: 3.23% | 2.38%

Current vs Prior -18.77% | +114.89%

Prior 7-Day Avg 5.40% | 3.23%

Calls: 6.50% | 2.78%

Puts: 4.32% | 3.68%

Current vs 7-Day Avg -51.15% | +25.19%

Liquidity Good

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🤖 AI Insights

Strong bearish conviction with 81% of dollar volume in puts ($25.08M) vs calls ($5.80M). Massive premium surge with dollar volume up 143% vs prior. Dollar volume significantly above 7-day average (77% higher). Above-average activity with volume up 55% vs prior.

Smart Money BEARISH

Retail Flow BULLISH

Overall BULLISH

Dollar Volume

Option Volume

Put/Call Ratio

Open Interest

Expected Move

Current BEARISH

Prior BEARISH

7-Day Avg BULLISH

Current BULLISH

Prior BULLISH

7-Day Avg NEUTRAL

Current NEUTRAL

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
15:00	BEARISH	BULLISH	BULLISH
14:00	BULLISH	BULLISH	BULLISH
13:00	BULLISH	BULLISH	BULLISH
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 302 of results (avg 3.1%, best 0.7%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.00	Oct 16	1.37	1.38	$1.38	0.7%	4.9K	0.51	14.7K
$81.50	Sep 25	1.36	1.37	$1.37	0.7%	225	0.65	1.1K
$82.00	Sep 30	1.14	1.15	$1.15	0.9%	516	0.55	8.6K
$82.00	Sep 25	1.04	1.05	$1.05	1.0%	162	0.55	2.0K
$81.00	Oct 16	1.99	2.01	$2.00	1.0%	222	0.66	13.9K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$83.50	Sep 25	1.52	1.53	$1.53	0.7%	25	0.71	858
$83.00	Sep 25	1.17	1.18	$1.17	0.9%	43	0.63	521
$84.00	Oct 16	2.30	2.32	$2.31	0.9%	272	0.72	78.2K
$83.00	Sep 18	1.07	1.08	$1.08	0.9%	526	0.67	76.8K
$98.00	Oct 16	15.75	15.90	$15.83	0.9%	--	0.99	114

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 150 found (avg $0.32, cheapest $0.12)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.50	Sep 4	0.11	0.12	$0.12	8.3%	22.5K	0.31	17.4K
$83.00	Sep 9	0.10	0.11	$0.11	9.1%	3.6K	0.20	1.8K
$82.00	Sep 4	0.35	0.36	$0.36	2.8%	1.4K	0.65	6.5K
$82.50	Sep 9	0.23	0.24	$0.24	4.2%	1.3K	0.37	1.4K
$84.00	Sep 11	0.05	0.06	$0.06	16.7%	403	0.09	18.4K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.00	Sep 4	0.13	0.14	$0.14	7.1%	6.7K	0.35	7.3K
$81.00	Sep 9	0.05	0.06	$0.06	16.7%	56	0.11	1.9K
$81.50	Sep 9	0.11	0.12	$0.12	8.3%	1.3K	0.22	1.2K
$82.50	Sep 4	0.39	0.40	$0.40	2.5%	1.6K	0.70	7.5K
$82.00	Sep 9	0.24	0.25	$0.25	4.0%	334	0.41	2.0K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 209 found (avg delta 0.87, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$70.00	Oct 2	12.35	12.50	$12.43	1.2%	216	1.00	--
$77.00	Oct 2	5.40	5.55	$5.48	2.7%	22	1.00	13
$76.00	Oct 9	6.40	6.50	$6.45	1.6%	--	1.00	138
$67.00	Oct 16	15.30	15.50	$15.40	1.3%	194	1.00	24
$70.00	Oct 16	12.35	12.50	$12.43	1.2%	--	1.00	90

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$84.00	Sep 4	1.78	1.86	$1.82	4.4%	279	1.00	100
$84.50	Sep 4	2.27	2.36	$2.32	3.9%	2	1.00	2
$85.00	Sep 4	2.77	2.87	$2.82	3.5%	139	1.00	--
$86.50	Sep 4	4.25	4.40	$4.33	3.5%	2	1.00	--
$87.00	Sep 4	4.75	4.90	$4.83	3.1%	6	1.00	--

Most actively traded options today. High liquidity = easy entry/exit. 390 active (total vol 284.5K, top 22.5K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.50	Sep 4	0.11	0.12	$0.12	8.3%	22.5K	0.31	17.4K
$83.00	Sep 4	0.03	0.04	$0.04	25.0%	21.8K	0.11	52.4K
$83.50	Sep 18	0.24	0.25	$0.25	4.0%	10.1K	0.24	18.9K
$83.00	Sep 18	0.39	0.40	$0.40	2.5%	6.4K	0.34	88.5K
$84.00	Sep 30	0.34	0.35	$0.35	2.9%	5.3K	0.24	52.1K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.00	Sep 18	0.52	0.54	$0.53	3.8%	18.8K	0.44	110.7K
$87.00	Sep 18	4.75	4.90	$4.83	3.1%	15.1K	0.96	10.7K
$86.00	Sep 18	3.75	3.90	$3.83	3.9%	15.0K	0.95	16.8K
$82.00	Sep 4	0.13	0.14	$0.14	7.1%	6.7K	0.35	7.3K
$81.50	Sep 11	0.19	0.20	$0.20	5.0%	5.9K	0.27	8.6K

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 23.5%, max 37.2%)

CALLS (2)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$82.00	Sep 4	Oct 16	12.8%	9.3%	37.2%	6.3K	21.2K
$82.50	Sep 4	Oct 9	13.1%	12.0%	9.7%	23.6K	19.0K

PUTS (2)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$82.00	Sep 4	Oct 16	12.8%	9.3%	37.2%	9.4K	31.2K
$82.50	Sep 4	Oct 9	13.1%	12.0%	9.7%	1.6K	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 0.75, avg 2.13)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$85.00	$86.00	Oct 16	$0.12	$0.88	$0.12	19%	7.33	$85.12
$84.00	$84.50	Oct 9	$0.11	$0.39	$0.11	26%	3.55	$84.11
$83.00	$83.50	Sep 25	$0.16	$0.34	$0.16	37%	2.12	$83.16
$82.00	$82.50	Sep 4	$0.24	$0.26	$0.24	65%	1.08	$82.24
$81.50	$82.00	Sep 18	$0.32	$0.18	$0.32	67%	0.56	$81.82

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$83.00	$82.00	Sep 14	$0.57	$0.43	$0.57	72%	0.75	$82.43
$82.00	$81.00	Oct 16	$0.39	$0.61	$0.39	50%	1.56	$81.61
$83.00	$82.00	Oct 16	$0.54	$0.46	$0.54	61%	0.85	$82.46
$83.00	$82.00	Sep 16	$0.56	$0.44	$0.56	69%	0.79	$82.44
$83.00	$82.00	Sep 30	$0.52	$0.48	$0.52	62%	0.92	$82.48

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 46 found (best R:R 0.25, avg 0.41)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$83.00	$84.00	Sep 16	$0.20	$0.20	$0.80	69%	0.25	$83.20
$83.00	$84.00	Sep 30	$0.31	$0.31	$0.69	62%	0.45	$83.31
$82.50	$83.00	Sep 11	$0.18	$0.18	$0.32	59%	0.56	$82.68
$82.50	$83.00	Oct 2	$0.22	$0.22	$0.28	56%	0.79	$82.72
$82.50	$83.00	Oct 9	$0.22	$0.22	$0.28	56%	0.79	$82.72

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$82.00	$81.50	Sep 4	$0.10	$0.10	$0.40	65%	0.25	$81.90
$82.00	$81.00	Sep 14	$0.26	$0.26	$0.74	57%	0.35	$81.74
$81.00	$80.00	Sep 16	$0.11	$0.11	$0.89	79%	0.12	$80.89
$82.00	$81.00	Sep 16	$0.28	$0.28	$0.72	56%	0.39	$81.72
$81.00	$80.00	Sep 30	$0.19	$0.19	$0.81	72%	0.23	$80.81

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	12.8%	7.9%
$82.50	Sep 4	Sep 9	$0.12	13.1%	8.7%

PUTS (2)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$82.00	Sep 4	Sep 9	$0.11	12.8%	7.9%
$82.50	Sep 4	Sep 9	$0.10	13.1%	8.7%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 178 found (cheapest 0.61% of stock, avg 4.10%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$82.00	Sep 4	$0.36	$0.14	$0.50	$81.50	$82.50	0.61%
$82.50	Sep 4	$0.12	$0.40	$0.52	$81.98	$83.02	0.63%
$82.00	Sep 9	$0.49	$0.25	$0.74	$81.26	$82.74	0.90%
$82.50	Sep 9	$0.24	$0.50	$0.74	$81.76	$83.24	0.90%
$81.50	Sep 4	$0.75	$0.04	$0.79	$80.71	$82.29	0.96%
$83.00	Sep 4	$0.04	$0.83	$0.87	$82.13	$83.87	1.06%
$81.50	Sep 9	$0.85	$0.12	$0.97	$80.53	$82.47	1.18%
$82.50	Sep 11	$0.37	$0.60	$0.97	$81.53	$83.47	1.18%
$83.00	Sep 9	$0.11	$0.88	$0.99	$82.01	$83.99	1.20%
$82.00	Sep 11	$0.63	$0.36	$0.99	$81.01	$82.99	1.20%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 210 found (cheapest 0.07% of stock, avg 0.84%)

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	$0.06	$0.09	$80.91	$84.09
$84.50	$80.50	Sep 11	$0.04	$0.06	$0.10	$80.40	$84.60
$84.00	$80.00	Sep 11	$0.06	$0.04	$0.10	$79.90	$84.10
$83.50	$81.00	Sep 9	$0.05	$0.06	$0.11	$80.89	$83.61
$84.00	$80.50	Sep 11	$0.06	$0.06	$0.12	$80.38	$84.12
$84.00	$80.00	Sep 14	$0.08	$0.05	$0.13	$79.87	$84.13

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 14 found (best R:R 0.92, avg credit $0.28)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
80/80	84/84	Oct 2	$0.24	$0.26	44%	0.92	$80.26	$83.74
80/81	84/84	Oct 2	$0.27	$0.23	38%	1.17	$80.73	$83.77
80/80	84/84	Oct 9	$0.25	$0.25	41%	1.00	$80.25	$83.75
80/81	84/84	Sep 25	$0.23	$0.27	44%	0.85	$80.77	$83.73
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 9	$0.25	$0.25	40%	1.00	$80.75	$84.25
81/82	83/84	Sep 18	$0.27	$0.23	34%	1.17	$81.23	$83.27
78/79	84/85	Oct 16	$0.32	$0.68	56%	0.47	$78.68	$84.32
78/79	85/86	Oct 16	$0.22	$0.78	65%	0.28	$78.78	$85.22

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 91 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	55%	2.45
$79.00	$80.00	$81.00	Oct 16	$0.06	$0.94	22%	15.67
$81.50	$82.00	$82.50	Sep 4	$0.15	$0.35	57%	2.33
$80.00	$81.00	$82.00	Sep 30	$0.13	$0.87	29%	6.69
$80.00	$81.00	$82.00	Sep 14	$0.19	$0.81	37%	4.26

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$81.00	$82.00	$83.00	Sep 14	$0.31	$0.69	55%	2.23
$80.00	$81.00	$82.00	Sep 14	$0.18	$0.82	37%	4.56
$80.00	$81.00	$82.00	Sep 16	$0.17	$0.83	35%	4.88
$80.00	$81.00	$82.00	Sep 30	$0.13	$0.87	29%	6.69
$81.50	$82.00	$82.50	Sep 4	$0.16	$0.34	58%	2.13

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 147 found (best net $-2.43, 127 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$70.00	$75.00	1:2	Oct 16	-$2.43	$2.57
$70.00	$75.00	1:2	Sep 30	-$2.43	$2.57
$77.00	$79.00	1:2	Sep 25	-$1.51	$0.49
$80.00	$81.00	1:2	Sep 14	-$0.48	$0.52
$82.00	$83.00	1:2	Sep 30	-$0.17	$0.83

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$84.00	$83.00	1:2	Sep 14	-$0.08	$0.92
$87.50	$85.50	1:2	Sep 25	-$1.33	$0.67
$84.00	$83.00	1:2	Sep 16	-$0.21	$0.79
$83.00	$82.00	1:2	Sep 30	-$0.20	$0.80
$82.00	$81.00	1:2	Sep 30	-$0.08	$0.92

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 59 found (best yield 1.07%, avg 0.34%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$83.00	Oct 16	$0.88	0.39	1.0%	1.07%	2.06%	1.2K	73.5K
$82.50	Oct 9	$0.98	0.44	0.4%	1.19%	1.57%	1.1K	1.6K
$83.00	Oct 9	$0.76	0.38	1.0%	0.92%	1.91%	36	296
$84.00	Oct 16	$0.55	0.28	2.2%	0.67%	2.87%	1.9K	82.6K
$82.50	Oct 2	$0.88	0.44	0.4%	1.07%	1.45%	273	1.9K
$83.50	Oct 9	$0.58	0.31	1.6%	0.71%	2.30%	4	475
$83.00	Sep 30	$0.65	0.38	1.0%	0.79%	1.78%	605	19.8K
$83.00	Oct 2	$0.66	0.37	1.0%	0.80%	1.79%	164	2.8K
$84.00	Oct 9	$0.44	0.26	2.2%	0.54%	2.74%	96	564
$82.50	Sep 25	$0.76	0.46	0.4%	0.92%	1.30%	93	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 166,569

Total Puts 117,909

Put/Call Ratio 0.71

Net Difference 48,660

Prior's Put/Call Breakdown

Total Calls 116,881

Total Puts 66,663

Put/Call Ratio 0.57

Net Difference 50,218

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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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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