TLT - Options Database

TLT

iShares 20+ Year Treasury Bond ETF

$82.07 +0.15%

$82.05 (-0.02%)🌙

as of 09/03 04:00 PM

(9/3 15:14) ◀

Thursday, September 3, 2026 (4:00pm)

▶ (9/3 19:04)

◀ 9/3 16:01 ▶

Option Volume

Detail

ℹ

Current (09/03 4:00pm) 374,153

Calls: 222,279 (59%)

Puts: 151,874 (41%)

Prior (09/02) 210,746

Calls: 132,083 (63%)

Puts: 78,663 (37%)

Current vs Prior +77.54%

Calls: +68.29% (Calls)

Puts: +93.07% (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 +6.88%

Calls: +2.76%

Puts: +13.54%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (09/03 4:00pm) $37.32M

Calls: $8.58M (23%)

Puts: $28.75M (77%)

Prior (09/02) $14.58M

Calls: $6.45M (44%)

Puts: $8.13M (56%)

Current vs Prior +156.05%

Calls: +33.06%

Puts: +253.54%

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 +113.55%

Calls: -27.94%

Puts: +415.61%

Sentiment BEARISH

Put/Call Ratio

Detail

ℹ

Current (09/03 4:00pm) 0.68

Prior (09/02) 0.60

Current vs Prior +14.73%

Prior 7-Day Average 0.64

Current vs Prior 7-Day Avg +7.34%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (09/03 4:00pm) 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 1.00% | 1.28%1.00% | 1.52%2.27% | 3.68%

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

Current vs Prior -11.00% | -8.83%-11.00% | -9.55%-6.67% | -3.04%

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

Current vs 7-Day Avg +0.10% | -1.63%-10.06% | -13.35%-6.97% | -4.90%

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

Current vs 7-Day Eod -11.00% | -8.83%-11.96% | -8.89%-6.67% | -3.04%

Sentiment BULLISHBULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 4.55% | 1.96%

Calls: 3.33% | 2.27%

Puts: 5.77% | 1.64%

Prior 3.25% | 1.88%

Calls: 3.28% | 1.37%

Puts: 3.23% | 2.38%

Current vs Prior +40.00% | +4.26%

Prior 7-Day Avg 5.40% | 3.23%

Calls: 6.50% | 2.78%

Puts: 4.32% | 3.68%

Current vs 7-Day Avg -15.81% | -39.27%

Liquidity Good

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🤖 AI Insights

Strong bearish conviction with 77% of dollar volume in puts ($28.75M) vs calls ($8.58M). Massive premium surge with dollar volume up 156% vs prior. Dollar volume significantly above 7-day average (114% higher). Above-average activity with volume up 78% 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 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
16:00	BEARISH	BULLISH	BULLISH
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 295 of results (avg 3.2%, best 0.8%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$81.50	Sep 25	1.29	1.30	$1.30	0.8%	245	0.62	1.1K
$70.00	Sep 18	12.15	12.25	$12.20	0.8%	--	1.00	238
$82.00	Sep 30	1.08	1.09	$1.09	0.9%	650	0.52	8.6K
$72.00	Sep 18	10.15	10.25	$10.20	1.0%	250	1.00	26
$67.00	Oct 16	15.20	15.35	$15.27	1.0%	194	1.00	24

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$96.00	Sep 18	13.85	14.00	$13.93	1.1%	1.5K	1.00	1.0K
$95.00	Oct 16	12.90	13.05	$12.98	1.2%	17	0.98	1.0K
$95.00	Sep 4	12.85	13.00	$12.93	1.2%	10	1.00	--
$83.00	Oct 16	1.70	1.72	$1.71	1.2%	72	0.63	32.3K
$83.50	Sep 25	1.63	1.65	$1.64	1.2%	120	0.73	858

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 145 found (avg $0.33, cheapest $0.07)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.50	Sep 4	0.10	0.11	$0.11	9.1%	34.0K	0.27	17.4K
$82.00	Sep 4	0.29	0.30	$0.30	3.3%	2.4K	0.56	6.5K
$83.00	Sep 9	0.09	0.10	$0.10	10.0%	4.2K	0.18	1.8K
$82.50	Sep 9	0.21	0.22	$0.22	4.5%	4.7K	0.33	1.4K
$84.00	Sep 11	0.05	0.06	$0.06	16.7%	407	0.09	18.4K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$81.50	Sep 4	0.06	0.07	$0.07	14.3%	11.3K	0.18	6.6K
$82.00	Sep 4	0.19	0.20	$0.20	5.0%	9.0K	0.44	7.3K
$81.00	Sep 9	0.07	0.08	$0.08	12.5%	71	0.14	1.9K
$81.50	Sep 9	0.15	0.16	$0.16	6.3%	1.8K	0.27	1.2K
$80.50	Sep 11	0.07	0.08	$0.08	12.5%	113	0.12	6.3K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 210 found (avg delta 0.87, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$72.00	Sep 9	10.05	10.20	$10.13	1.5%	2	1.00	--
$73.00	Sep 9	9.05	9.20	$9.13	1.6%	2	1.00	--
$79.00	Sep 9	3.05	3.20	$3.13	4.8%	20	1.00	--
$73.00	Sep 14	9.05	9.20	$9.13	1.6%	--	1.00	16
$70.00	Oct 2	12.20	12.35	$12.27	1.2%	216	1.00	--

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$84.00	Sep 4	1.89	1.99	$1.94	5.2%	297	1.00	100
$84.50	Sep 4	2.39	2.49	$2.44	4.1%	2	1.00	2
$85.00	Sep 4	2.89	2.99	$2.94	3.4%	139	1.00	--
$86.50	Sep 4	4.35	4.50	$4.43	3.4%	2	1.00	--
$87.00	Sep 4	4.85	5.00	$4.93	3.0%	6	1.00	--

Most actively traded options today. High liquidity = easy entry/exit. 406 active (total vol 374.1K, top 34.0K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.50	Sep 4	0.10	0.11	$0.11	9.1%	34.0K	0.27	17.4K
$83.00	Sep 4	0.03	0.04	$0.04	25.0%	22.4K	0.10	52.4K
$83.00	Oct 16	0.84	0.86	$0.85	2.4%	16.4K	0.37	73.5K
$83.50	Sep 18	0.23	0.24	$0.24	4.2%	10.1K	0.22	18.9K
$84.00	Oct 16	0.52	0.54	$0.53	3.8%	9.4K	0.27	82.6K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.00	Sep 18	0.60	0.61	$0.61	1.6%	19.4K	0.48	110.7K
$87.00	Sep 18	4.85	5.00	$4.93	3.0%	15.2K	0.95	10.7K
$86.00	Sep 18	3.90	4.00	$3.95	2.5%	15.0K	0.94	16.8K
$81.50	Sep 4	0.06	0.07	$0.07	14.3%	11.3K	0.18	6.6K
$81.50	Sep 11	0.24	0.25	$0.25	4.0%	9.8K	0.31	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. 6 strikes (avg 42.8%, max 55.9%)

CALLS (3)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$81.50	Sep 4	Oct 9	15.2%	9.7%	55.9%	257	1.3K
$82.00	Sep 4	Oct 16	13.8%	9.4%	47.7%	8.0K	21.2K
$82.50	Sep 4	Oct 9	15.0%	12.1%	24.7%	35.1K	19.0K

PUTS (3)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$81.50	Sep 4	Oct 9	15.2%	9.7%	55.9%	11.3K	7.8K
$82.00	Sep 4	Oct 16	13.8%	9.4%	47.7%	12.7K	31.2K
$82.50	Sep 4	Oct 9	15.0%	12.1%	24.7%	1.8K	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 1.50, avg 2.22)

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	18%	7.33	$85.12
$81.50	$82.00	Sep 9	$0.33	$0.17	$0.33	73%	0.52	$81.83
$82.00	$82.50	Sep 11	$0.22	$0.28	$0.22	53%	1.27	$82.22
$82.00	$82.50	Sep 4	$0.19	$0.31	$0.19	56%	1.63	$82.19
$84.00	$85.00	Sep 30	$0.15	$0.85	$0.15	23%	5.67	$84.15

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$82.00	$81.00	Oct 16	$0.40	$0.60	$0.40	52%	1.50	$81.60
$83.00	$82.00	Sep 16	$0.59	$0.41	$0.59	71%	0.69	$82.41
$83.00	$82.00	Sep 14	$0.62	$0.38	$0.62	74%	0.61	$82.38
$83.00	$82.00	Oct 16	$0.56	$0.44	$0.56	63%	0.79	$82.44
$82.00	$81.00	Sep 30	$0.35	$0.65	$0.35	48%	1.86	$81.65

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 48 found (best R:R 0.41, avg 0.41)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$83.00	$84.00	Sep 30	$0.29	$0.29	$0.71	64%	0.41	$83.29
$83.00	$84.00	Oct 16	$0.32	$0.32	$0.68	63%	0.47	$83.32
$82.50	$83.00	Sep 11	$0.16	$0.16	$0.34	62%	0.47	$82.66
$82.50	$83.00	Oct 2	$0.21	$0.21	$0.29	58%	0.72	$82.71
$83.00	$83.50	Oct 2	$0.17	$0.17	$0.33	65%	0.52	$83.17

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$81.00	$80.00	Sep 14	$0.11	$0.11	$0.89	79%	0.12	$80.89
$81.00	$80.00	Sep 16	$0.14	$0.14	$0.86	76%	0.16	$80.86
$82.00	$81.50	Sep 4	$0.13	$0.13	$0.37	56%	0.35	$81.87
$82.00	$81.50	Sep 9	$0.17	$0.17	$0.33	53%	0.52	$81.83
$82.00	$81.00	Sep 14	$0.29	$0.29	$0.71	52%	0.41	$81.71

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $0.14, cheapest $0.13)

CALLS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$82.00	Sep 4	Sep 9	$0.14	13.8%	8.4%

PUTS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$82.00	Sep 4	Sep 9	$0.13	13.8%	8.4%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 180 found (cheapest 0.61% of stock, avg 4.14%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$82.00	Sep 4	$0.30	$0.20	$0.50	$81.50	$82.50	0.61%
$82.50	Sep 4	$0.11	$0.52	$0.63	$81.87	$83.13	0.77%
$81.50	Sep 4	$0.66	$0.07	$0.73	$80.77	$82.23	0.89%
$82.00	Sep 9	$0.44	$0.33	$0.77	$81.23	$82.77	0.94%
$82.50	Sep 9	$0.22	$0.61	$0.83	$81.67	$83.33	1.01%
$81.50	Sep 9	$0.77	$0.16	$0.93	$80.57	$82.43	1.13%
$82.00	Sep 11	$0.56	$0.43	$0.99	$81.01	$82.99	1.21%
$83.00	Sep 4	$0.04	$0.96	$1.00	$82.00	$84.00	1.22%
$82.50	Sep 11	$0.34	$0.69	$1.03	$81.47	$83.53	1.26%
$82.00	Sep 14	$0.61	$0.46	$1.07	$80.93	$83.07	1.30%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 212 found (cheapest 0.07% of stock, avg 0.91%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$83.00	$81.00	Sep 4	$0.04	$0.02	$0.06	$80.94	$83.06
$84.00	$80.50	Sep 9	$0.03	$0.04	$0.07	$80.43	$84.07
$84.50	$80.00	Sep 11	$0.04	$0.05	$0.09	$79.91	$84.59
$83.50	$80.50	Sep 9	$0.05	$0.04	$0.09	$80.41	$83.59
$84.00	$80.00	Sep 11	$0.06	$0.05	$0.11	$79.89	$84.11
$83.00	$81.50	Sep 4	$0.04	$0.07	$0.11	$81.39	$83.11
$84.00	$81.00	Sep 9	$0.03	$0.08	$0.11	$80.89	$84.11
$84.50	$80.50	Sep 11	$0.04	$0.08	$0.12	$80.38	$84.62
$83.50	$81.00	Sep 9	$0.05	$0.08	$0.13	$80.87	$83.63
$84.00	$80.00	Sep 14	$0.08	$0.06	$0.14	$79.86	$84.14

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 13 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	37%	1.17	$80.73	$83.77
80/81	84/84	Sep 25	$0.23	$0.27	43%	0.85	$80.77	$83.73
80/80	84/84	Oct 9	$0.24	$0.26	40%	0.92	$80.26	$83.74
80/81	83/84	Sep 25	$0.26	$0.24	36%	1.08	$80.74	$83.26
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
79/80	85/86	Oct 16	$0.30	$0.70	56%	0.43	$79.70	$85.30
79/80	84/85	Oct 16	$0.38	$0.62	47%	0.61	$79.62	$84.38
79/80	84/85	Sep 30	$0.26	$0.74	59%	0.35	$79.74	$84.26

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 88 found (best R:R 4.56, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$80.00	$81.00	$82.00	Sep 14	$0.18	$0.82	40%	4.56
$80.00	$81.00	$82.00	Sep 30	$0.13	$0.87	30%	6.69
$80.00	$81.00	$82.00	Sep 16	$0.18	$0.82	37%	4.56
$81.00	$82.00	$83.00	Sep 16	$0.26	$0.74	46%	2.85
$81.00	$82.00	$83.00	Sep 14	$0.32	$0.68	53%	2.12

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$80.00	$81.00	$82.00	Sep 14	$0.18	$0.82	40%	4.56
$80.00	$81.00	$82.00	Sep 16	$0.18	$0.82	37%	4.56
$81.00	$81.50	$82.00	Sep 4	$0.08	$0.42	39%	5.25
$80.00	$81.00	$82.00	Oct 16	$0.12	$0.88	26%	7.33
$82.00	$82.50	$83.00	Sep 4	$0.12	$0.38	47%	3.17

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 $-2.36, 128 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$70.00	$75.00	1:2	Oct 16	-$2.36	$2.64
$70.00	$75.00	1:2	Sep 30	-$2.39	$2.61
$77.00	$79.00	1:2	Sep 25	-$1.46	$0.54
$80.00	$81.00	1:2	Sep 14	-$0.43	$0.57
$80.00	$81.00	1:2	Sep 16	-$0.54	$0.46

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$84.00	$83.00	1:2	Sep 14	-$0.21	$0.79
$84.00	$83.00	1:2	Sep 16	-$0.30	$0.70
$87.50	$85.50	1:2	Sep 25	-$1.43	$0.57
$83.00	$82.50	1:2	Sep 4	-$0.08	$0.42
$83.00	$82.00	1:2	Sep 30	-$0.24	$0.76

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 58 found (best yield 1.02%, avg 0.33%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$83.00	Oct 16	$0.84	0.37	1.1%	1.02%	2.16%	16.4K	73.5K
$82.50	Oct 9	$0.93	0.42	0.5%	1.13%	1.66%	1.1K	1.6K
$83.00	Oct 9	$0.72	0.36	1.1%	0.88%	2.01%	36	296
$84.00	Oct 16	$0.52	0.27	2.4%	0.63%	2.99%	9.4K	82.6K
$82.50	Oct 2	$0.83	0.42	0.5%	1.01%	1.54%	273	1.9K
$83.50	Oct 9	$0.55	0.30	1.7%	0.67%	2.41%	4	475
$83.00	Oct 2	$0.62	0.35	1.1%	0.76%	1.89%	169	2.8K
$83.00	Sep 30	$0.61	0.36	1.1%	0.74%	1.88%	880	19.8K
$82.50	Sep 25	$0.72	0.43	0.5%	0.88%	1.40%	121	6.6K
$84.00	Oct 9	$0.42	0.24	2.4%	0.51%	2.86%	96	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 222,279

Total Puts 151,874

Put/Call Ratio 0.68

Net Difference 70,405

Prior's Put/Call Breakdown

Total Calls 132,083

Total Puts 78,663

Put/Call Ratio 0.60

Net Difference 53,420

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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