TLT - Options Database

TLT

iShares 20+ Year Treasury Bond ETF

$82.31 +0.29%

(9/4 12:01) ◀

Friday, September 4, 2026 (2:00pm)

▶ (9/4 15:00)

◀ 9/4 14:00 ▶

Option Volume

Detail

ℹ

Current (09/04 2:00pm) 285,967

Calls: 213,070 (75%)

Puts: 72,897 (25%)

Prior (09/03) 204,557

Calls: 137,112 (67%)

Puts: 67,445 (33%)

Current vs Prior +39.80%

Calls: +55.40% (Calls)

Puts: +8.08% (Puts)

Prior 7-Day Total 2,486,315

Calls: 1,509,767 (61%)

Puts: 976,548 (39%)

Prior 7-Day Average 355,187

Calls: 215,681 (61%)

Puts: 139,506 (39%)

Current vs Prior 7-Day Avg -19.49%

Calls: -1.21%

Puts: -47.75%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (09/04 2:00pm) $7.34M

Calls: $4.73M (64%)

Puts: $2.62M (36%)

Prior (09/03) $8.09M

Calls: $5.44M (67%)

Puts: $2.65M (33%)

Current vs Prior -9.30%

Calls: -13.16%

Puts: -1.37%

Prior 7-Day Total $143.75M

Calls: $80.70M (56%)

Puts: $63.06M (44%)

Prior 7-Day Average $20.54M

Calls: $11.53M (56%)

Puts: $9.01M (44%)

Current vs Prior 7-Day Avg -64.25%

Calls: -59.00%

Puts: -70.97%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (09/04 2:00pm) 0.34

Prior (09/03) 0.49

Current vs Prior -30.45%

Prior 7-Day Average 0.66

Current vs Prior 7-Day Avg -48.46%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (09/04 2:00pm) 3,873,627

Calls: 2,339,666 (60%)

Puts: 1,533,961 (40%)

Prior (09/03) 3,771,451

Calls: 2,251,351 (60%)

Puts: 1,520,100 (40%)

Current vs Prior +2.71%

Prior 7-Day Total 22,771,741

Calls: 13,599,279 (60%)

Puts: 9,172,462 (40%)

Prior 7-Day Average 3,253,105

Calls: 1,942,754 (60%)

Puts: 1,310,351 (40%)

Current vs Prior 7-Day Avg +19.07%

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 0.64% | 1.06%0.64% | 1.35%2.05% | 3.52%

Prior 1.00% | 1.28%1.00% | 1.52%2.27% | 3.68%

Current vs Prior -35.55% | -17.38%-35.55% | -11.46%-9.41% | -4.25%

Prior 7-Day Avg 1.01% | 1.30%1.07% | 1.70%2.39% | 3.82%

Current vs 7-Day Avg -36.41% | -18.92%-40.04% | -20.81%-14.17% | -7.84%

Prior 7-Day Eod 1.00% | 1.28%0.97% | 1.52%2.25% | 3.67%

Current vs 7-Day Eod -35.55% | -17.38%-33.95% | -11.46%-8.92% | -3.93%

Sentiment BULLISHBULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 7.04% | 2.33%

Calls: 9.09% | 2.04%

Puts: 5.00% | 2.63%

Prior 4.55% | 1.96%

Calls: 3.33% | 2.27%

Puts: 5.77% | 1.64%

Current vs Prior +54.73% | +18.88%

Prior 7-Day Avg 5.27% | 3.04%

Calls: 5.87% | 2.88%

Puts: 4.68% | 3.20%

Current vs 7-Day Avg +33.48% | -23.36%

Liquidity Good

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Moderately bullish flow with 64% call dollar volume ($4.73M). Extreme bullish P/C ratio of 0.34 - heavy call buying (213,070 calls vs 72,897 puts). P/C ratio dropping 30% - sentiment shifting bullish. Call-heavy open interest (2,339,666 calls vs 1,533,961 puts) suggests bullish positioning.

Smart Money BULLISH

Retail Flow BULLISH

Overall BULLISH

Dollar Volume

Option Volume

Put/Call Ratio

Open Interest

Expected Move

Current BULLISH

Prior BULLISH

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
14:00	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 306 of results (avg 2.9%, best 0.7%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$81.50	Sep 25	1.39	1.40	$1.40	0.7%	94	0.67	1.2K
$82.00	Oct 16	1.37	1.38	$1.38	0.7%	387	0.52	15.9K
$82.00	Oct 9	1.26	1.27	$1.27	0.8%	86	0.53	243
$70.00	Sep 4	12.25	12.35	$12.30	0.8%	17	1.00	49
$71.00	Sep 11	11.30	11.40	$11.35	0.9%	1	1.00	2

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$97.00	Sep 4	14.65	14.75	$14.70	0.7%	1	1.00	--
$83.00	Oct 9	1.43	1.44	$1.44	0.7%	--	0.62	284
$83.50	Sep 25	1.41	1.42	$1.42	0.7%	2	0.71	971
$96.00	Sep 4	13.65	13.75	$13.70	0.7%	1	1.00	--
$83.00	Oct 2	1.34	1.35	$1.35	0.7%	45	0.62	382

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 140 found (avg $0.33, cheapest $0.20)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.00	Sep 4	0.31	0.34	$0.33	9.1%	1.9K	0.96	6.5K
$83.00	Sep 9	0.07	0.08	$0.08	12.5%	2.1K	0.18	3.9K
$82.50	Sep 9	0.20	0.21	$0.21	4.8%	11.7K	0.39	4.5K
$83.50	Sep 11	0.08	0.09	$0.09	11.1%	1.4K	0.15	17.4K
$83.00	Sep 11	0.17	0.18	$0.18	5.6%	5.2K	0.27	7.7K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$82.50	Sep 4	0.19	0.20	$0.20	5.0%	5.2K	0.85	7.2K
$81.50	Sep 9	0.06	0.07	$0.07	14.3%	817	0.16	2.4K
$82.00	Sep 9	0.15	0.16	$0.16	6.3%	1.4K	0.34	2.4K
$81.00	Sep 11	0.06	0.07	$0.07	14.3%	379	0.12	6.2K
$81.50	Sep 11	0.12	0.13	$0.13	7.7%	1.2K	0.21	16.5K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 226 found (avg delta 0.89, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$70.00	Sep 4	12.25	12.35	$12.30	0.8%	17	1.00	49
$71.00	Sep 4	11.25	11.35	$11.30	0.9%	13	1.00	45
$72.00	Sep 4	10.25	10.35	$10.30	1.0%	--	1.00	26
$73.00	Sep 4	9.25	9.35	$9.30	1.1%	--	1.00	24
$74.00	Sep 4	8.25	8.35	$8.30	1.2%	11	1.00	17

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$97.00	Sep 4	14.65	14.75	$14.70	0.7%	1	1.00	--
$93.00	Sep 4	10.65	10.75	$10.70	0.9%	9	1.00	--
$94.00	Sep 4	11.65	11.75	$11.70	0.9%	2	1.00	--
$95.00	Sep 4	12.60	12.75	$12.68	1.2%	2	1.00	--
$96.00	Sep 4	13.65	13.75	$13.70	0.7%	1	1.00	--

Most actively traded options today. High liquidity = easy entry/exit. 391 active (total vol 281.8K, top 78.4K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$84.00	Sep 11	0.04	0.05	$0.05	20.0%	78.4K	0.08	18.3K
$82.50	Sep 4	0.01	0.02	$0.02	50.0%	34.5K	0.15	37.9K
$82.50	Sep 9	0.20	0.21	$0.21	4.8%	11.7K	0.39	4.5K
$82.50	Sep 11	0.34	0.35	$0.35	2.9%	7.0K	0.43	4.8K
$85.00	Oct 16	0.32	0.33	$0.33	3.0%	7.0K	0.19	43.7K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$79.00	Oct 16	0.22	0.23	$0.23	4.3%	9.2K	0.14	71.4K
$82.00	Sep 4	0.00	0.01	$0.01	100.0%	5.4K	0.06	8.6K
$80.00	Sep 18	0.07	0.08	$0.08	12.5%	5.3K	0.09	63.8K
$82.50	Sep 4	0.19	0.20	$0.20	5.0%	5.2K	0.85	7.2K
$82.50	Sep 11	0.47	0.49	$0.48	4.2%	3.9K	0.57	2.5K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 2 strikes (avg 23.9%, max 23.9%)

CALLS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$82.50	Sep 4	Oct 9	14.5%	11.7%	23.9%	35.6K	40.5K

PUTS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$82.50	Sep 4	Oct 9	14.5%	11.7%	23.9%	5.2K	7.4K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 68 found (best R:R 0.85, avg 2.01)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$82.00	$82.50	Sep 4	$0.31	$0.19	$0.31	96%	0.61	$82.31
$85.00	$86.00	Oct 16	$0.12	$0.88	$0.12	19%	7.33	$85.12
$83.50	$84.00	Oct 9	$0.13	$0.37	$0.13	32%	2.85	$83.63
$83.00	$83.50	Sep 25	$0.16	$0.34	$0.16	38%	2.12	$83.16
$83.50	$84.00	Sep 25	$0.12	$0.38	$0.12	29%	3.17	$83.62

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$83.00	$82.00	Sep 14	$0.54	$0.46	$0.54	72%	0.85	$82.46
$83.00	$82.00	Sep 30	$0.49	$0.51	$0.49	61%	1.04	$82.51
$82.00	$81.00	Oct 16	$0.37	$0.63	$0.37	49%	1.70	$81.63
$83.00	$82.00	Sep 16	$0.53	$0.47	$0.53	68%	0.89	$82.47
$83.00	$82.00	Oct 16	$0.53	$0.47	$0.53	61%	0.89	$82.47

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 38 found (best R:R 0.67, avg 0.43)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$83.00	$83.50	Oct 9	$0.20	$0.20	$0.30	62%	0.67	$83.20
$82.50	$83.00	Oct 2	$0.23	$0.23	$0.27	55%	0.85	$82.73
$83.00	$84.00	Oct 16	$0.34	$0.34	$0.66	61%	0.52	$83.34
$83.00	$84.00	Sep 30	$0.31	$0.31	$0.69	61%	0.45	$83.31
$82.50	$83.00	Sep 25	$0.23	$0.23	$0.27	53%	0.85	$82.73

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$82.00	$81.00	Sep 14	$0.21	$0.21	$0.79	61%	0.27	$81.79
$82.00	$81.00	Sep 16	$0.24	$0.24	$0.76	59%	0.32	$81.76
$82.00	$81.50	Sep 11	$0.13	$0.13	$0.37	62%	0.35	$81.87
$81.00	$80.00	Sep 30	$0.16	$0.16	$0.84	74%	0.19	$80.84
$82.00	$81.50	Sep 18	$0.16	$0.16	$0.34	58%	0.47	$81.84

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

No setups found for this strategy

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 189 found (cheapest 0.27% of stock, avg 4.18%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$82.50	Sep 4	$0.02	$0.20	$0.22	$82.28	$82.72	0.27%
$82.00	Sep 4	$0.33	$0.01	$0.34	$81.66	$82.34	0.41%
$82.50	Sep 9	$0.21	$0.38	$0.59	$81.91	$83.09	0.72%
$82.00	Sep 9	$0.49	$0.16	$0.65	$81.35	$82.65	0.79%
$83.00	Sep 4	$0.01	$0.71	$0.72	$82.28	$83.72	0.87%
$81.50	Sep 4	$0.80	$0.01	$0.81	$80.69	$82.31	0.98%
$82.50	Sep 11	$0.35	$0.48	$0.83	$81.67	$83.33	1.01%
$83.00	Sep 9	$0.08	$0.76	$0.84	$82.16	$83.84	1.02%
$82.00	Sep 11	$0.63	$0.26	$0.89	$81.11	$82.89	1.08%
$81.50	Sep 9	$0.89	$0.07	$0.96	$80.54	$82.46	1.17%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 188 found (cheapest 0.04% of stock, avg 0.86%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$82.50	$82.00	Sep 4	$0.02	$0.01	$0.03	$81.97	$82.53
$84.50	$80.50	Sep 11	$0.04	$0.03	$0.07	$80.43	$84.57
$83.50	$81.00	Sep 9	$0.04	$0.03	$0.07	$80.93	$83.57
$84.00	$80.50	Sep 11	$0.05	$0.03	$0.08	$80.42	$84.08
$85.00	$80.00	Sep 16	$0.05	$0.05	$0.10	$79.90	$85.10
$84.50	$81.00	Sep 11	$0.04	$0.07	$0.11	$80.89	$84.61
$83.50	$81.50	Sep 9	$0.04	$0.07	$0.11	$81.39	$83.61
$83.00	$81.00	Sep 9	$0.08	$0.03	$0.11	$80.89	$83.11
$84.00	$81.00	Sep 11	$0.05	$0.07	$0.12	$80.88	$84.12
$83.50	$80.50	Sep 11	$0.09	$0.03	$0.12	$80.38	$83.62

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 9 found (best R:R 1.08, avg credit $0.31)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
80/81	84/84	Oct 2	$0.26	$0.24	39%	1.08	$80.74	$83.76
80/81	84/84	Oct 9	$0.24	$0.26	42%	0.92	$80.76	$84.24
80/81	84/84	Oct 9	$0.26	$0.24	36%	1.08	$80.74	$83.76
81/82	84/84	Sep 25	$0.24	$0.26	38%	0.92	$81.26	$83.74
79/80	84/85	Oct 16	$0.36	$0.64	50%	0.56	$79.64	$84.36
79/80	85/86	Oct 16	$0.27	$0.73	59%	0.37	$79.73	$85.27
80/81	84/85	Oct 16	$0.45	$0.55	38%	0.82	$80.55	$84.45
80/81	85/86	Oct 16	$0.36	$0.64	47%	0.56	$80.64	$85.36
80/81	84/85	Sep 30	$0.32	$0.68	50%	0.47	$80.68	$84.32

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 89 found (best R:R 2.12, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$81.50	$82.00	$82.50	Sep 4	$0.16	$0.34	81%	2.12
$82.00	$82.50	$83.00	Sep 4	$0.30	$0.20	92%	0.67
$80.00	$81.00	$82.00	Sep 14	$0.13	$0.87	35%	6.69
$81.00	$82.00	$83.00	Sep 14	$0.33	$0.67	59%	2.03
$80.00	$81.00	$82.00	Sep 16	$0.14	$0.86	34%	6.14

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$81.50	$82.00	$82.50	Sep 4	$0.19	$0.31	82%	1.63
$81.00	$82.00	$83.00	Sep 14	$0.33	$0.67	58%	2.03
$82.00	$82.50	$83.00	Sep 4	$0.32	$0.18	91%	0.56
$80.00	$81.00	$82.00	Sep 14	$0.15	$0.85	35%	5.67
$80.00	$81.00	$82.00	Sep 16	$0.15	$0.85	34%	5.67

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 138 found (best net $-2.54, 113 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$70.00	$75.00	1:2	Oct 16	-$2.54	$2.46
$70.00	$75.00	1:2	Sep 30	-$2.56	$2.44
$80.00	$81.00	1:2	Sep 14	-$0.54	$0.46
$77.00	$79.00	1:2	Sep 25	-$1.60	$0.40
$82.00	$83.00	1:2	Sep 30	-$0.14	$0.86

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$84.00	$83.00	1:2	Sep 16	-$0.07	$0.93
$83.00	$82.00	1:2	Sep 30	-$0.15	$0.85
$83.50	$83.00	1:2	Sep 4	-$0.21	$0.29
$84.00	$83.00	1:2	Sep 30	-$0.40	$0.60
$85.00	$84.00	1:2	Sep 11	-$0.73	$0.27

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 56 found (best yield 1.06%, avg 0.35%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$83.00	Oct 16	$0.87	0.39	0.8%	1.06%	1.90%	1.8K	75.6K
$82.50	Oct 9	$0.98	0.45	0.2%	1.19%	1.42%	1.1K	2.6K
$83.00	Oct 9	$0.76	0.38	0.8%	0.92%	1.76%	80	332
$84.00	Oct 16	$0.53	0.28	2.0%	0.64%	2.70%	730	76.7K
$82.50	Oct 2	$0.89	0.45	0.2%	1.08%	1.31%	1.3K	2.0K
$83.50	Oct 9	$0.57	0.32	1.4%	0.69%	2.14%	124	475
$83.00	Oct 2	$0.66	0.38	0.8%	0.80%	1.64%	197	2.8K
$83.00	Sep 30	$0.64	0.39	0.8%	0.78%	1.62%	719	19.9K
$84.00	Oct 9	$0.43	0.26	2.0%	0.52%	2.58%	132	642
$82.50	Sep 25	$0.77	0.47	0.2%	0.94%	1.17%	133	6.7K

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 213,070

Total Puts 72,897

Put/Call Ratio 0.34

Net Difference 140,173

Prior's Put/Call Breakdown

Total Calls 137,112

Total Puts 67,445

Put/Call Ratio 0.49

Net Difference 69,667

Prior 7-Day Put/Call Summary

Total Calls 1,509,767

Total Puts 976,548

Average Put/Call Ratio 0.66

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

🤖 AI Insights

📈 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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