TLT - Options Database

TLT

iShares 20+ Year Treasury Bond ETF

$79.01 -0.52%

(9/25 10:00) ◀

Friday, September 25, 2026 (11:00am)

▶ (9/25 12:00)

◀ 9/25 11:00 ▶

Option Volume

Detail

ℹ

Current (09/25 11:00am) 432,363

Calls: 281,224 (65%)

Puts: 151,139 (35%)

Prior (09/24) 223,219

Calls: 139,779 (63%)

Puts: 83,440 (37%)

Current vs Prior +93.69%

Calls: +101.19% (Calls)

Puts: +81.13% (Puts)

Prior 7-Day Total 3,891,286

Calls: 2,611,698 (67%)

Puts: 1,279,588 (33%)

Prior 7-Day Average 555,898

Calls: 373,099 (67%)

Puts: 182,798 (33%)

Current vs Prior 7-Day Avg -22.22%

Calls: -24.62%

Puts: -17.32%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (09/25 11:00am) $23.29M

Calls: $11.67M (50%)

Puts: $11.62M (50%)

Prior (09/24) $9.24M

Calls: $4.55M (49%)

Puts: $4.70M (51%)

Current vs Prior +151.93%

Calls: +156.69%

Puts: +147.32%

Prior 7-Day Total $238.25M

Calls: $126.23M (53%)

Puts: $112.01M (47%)

Prior 7-Day Average $34.04M

Calls: $18.03M (53%)

Puts: $16.00M (47%)

Current vs Prior 7-Day Avg -31.57%

Calls: -35.30%

Puts: -27.37%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (09/25 11:00am) 0.54

Prior (09/24) 0.60

Current vs Prior -9.97%

Prior 7-Day Average 0.49

Current vs Prior 7-Day Avg +9.81%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (09/25 11:00am) 2,950,216

Calls: 1,983,260 (67%)

Puts: 966,956 (33%)

Prior (09/24) 2,832,246

Calls: 1,880,457 (66%)

Puts: 951,789 (34%)

Current vs Prior +4.17%

Prior 7-Day Total 23,792,466

Calls: 15,455,874 (65%)

Puts: 8,336,592 (35%)

Prior 7-Day Average 3,398,923

Calls: 2,207,982 (65%)

Puts: 1,190,941 (35%)

Current vs Prior 7-Day Avg -13.20%

Sentiment BEARISH

Expected Move

Detail

ℹ

3DTEWKMO Expiry (09/25) | Next (09/28)Expiry (09/25) | Next (10/02)Expiry (10/16) | Next (11/20)

Current 0.87% | 1.32%0.87% | 2.29%3.33% | 5.49%

Prior 1.17% | 1.47%1.17% | 2.39%3.32% | 5.30%

Current vs Prior -25.42% | -10.65%-25.42% | -4.24%+0.14% | +3.62%

Prior 7-Day Avg 1.06% | 1.31%1.12% | 1.90%1.65% | 3.82%

Current vs 7-Day Avg -17.65% | +0.16%-21.75% | +20.44%+101.52% | +43.68%

Prior 7-Day Eod 1.17% | 1.47%1.18% | 2.43%3.39% | 5.45%

Current vs 7-Day Eod -25.42% | -10.65%-26.22% | -5.73%-1.72% | +0.75%

Sentiment BULLISHBULLISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 9.72% | 4.14%

Calls: 11.76% | 5.26%

Puts: 7.69% | 3.03%

Prior 3.14% | 3.54%

Calls: 3.51% | 2.90%

Puts: 2.78% | 4.17%

Current vs Prior +209.55% | +16.95%

Prior 7-Day Avg 5.07% | 2.60%

Calls: 4.48% | 2.25%

Puts: 5.67% | 2.96%

Current vs 7-Day Avg +91.61% | +58.93%

Liquidity Acceptable

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🤖 AI Insights

Massive premium surge with dollar volume up 152% vs prior. Above-average activity with volume up 94% vs prior. Bullish P/C ratio of 0.54. Call-heavy open interest (1,983,260 calls vs 966,956 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 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 346 of results (avg 2.8%, best 0.5%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$77.50	Oct 16	2.05	2.06	$2.05	0.5%	379	0.69	500
$78.00	Oct 9	1.49	1.50	$1.50	0.7%	153	0.65	311
$77.00	Oct 30	2.77	2.79	$2.78	0.7%	180	0.70	40
$79.00	Oct 16	1.11	1.12	$1.12	0.9%	2.3K	0.47	2.4K
$77.50	Oct 23	2.22	2.24	$2.23	0.9%	23	0.67	24

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$81.00	Nov 6	2.95	2.97	$2.96	0.7%	24	0.71	36
$80.50	Nov 6	2.61	2.63	$2.62	0.8%	58	0.67	22
$80.00	Nov 6	2.30	2.32	$2.31	0.9%	103	0.62	126
$80.50	Oct 23	2.24	2.26	$2.25	0.9%	38	0.69	1.4K
$80.00	Oct 30	2.03	2.05	$2.04	1.0%	309	0.62	19.6K

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 148 found (avg $0.36, cheapest $0.17)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$79.00	Sep 25	0.16	0.18	$0.17	11.8%	7.8K	0.51	2.5K
$80.00	Sep 28	0.06	0.07	$0.07	14.3%	4.9K	0.14	3.0K
$78.50	Sep 25	0.50	0.56	$0.53	11.3%	1.3K	0.89	330
$79.50	Sep 28	0.17	0.18	$0.18	5.6%	3.5K	0.30	2.1K
$79.00	Sep 28	0.37	0.39	$0.38	5.3%	21.2K	0.50	345

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$79.00	Sep 25	0.16	0.17	$0.17	5.9%	5.7K	0.50	18.6K
$78.00	Sep 28	0.08	0.09	$0.09	11.1%	419	0.16	5.5K
$78.50	Sep 28	0.17	0.18	$0.18	5.6%	1.1K	0.30	1.9K
$79.50	Sep 25	0.50	0.54	$0.52	7.7%	3.3K	0.85	13.9K
$79.00	Sep 28	0.36	0.37	$0.37	2.7%	6.6K	0.50	3.8K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 228 found (avg delta 0.86, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$70.00	Sep 25	8.95	9.05	$9.00	1.1%	14	1.00	42
$71.00	Sep 25	7.95	8.10	$8.03	1.9%	7	1.00	20
$72.00	Sep 25	6.95	7.10	$7.03	2.1%	17	1.00	2
$73.00	Sep 25	5.95	6.10	$6.03	2.5%	10	1.00	7
$74.00	Sep 25	4.95	5.05	$5.00	2.0%	47	1.00	1

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$85.50	Sep 25	6.45	6.55	$6.50	1.5%	53	0.99	--
$86.00	Sep 25	6.95	7.05	$7.00	1.4%	84	0.99	--
$86.50	Sep 25	7.45	7.55	$7.50	1.3%	96	0.99	--
$86.00	Sep 28	6.95	7.05	$7.00	1.4%	1	0.99	--
$87.00	Sep 28	7.90	8.05	$7.98	1.9%	8	0.99	--

Most actively traded options today. High liquidity = easy entry/exit. 403 active (total vol 429.6K, top 37.8K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$80.00	Oct 16	0.66	0.67	$0.67	1.5%	37.8K	0.34	16.4K
$82.50	Oct 16	0.13	0.14	$0.14	7.1%	31.7K	0.10	11.5K
$79.00	Sep 28	0.37	0.39	$0.38	5.3%	21.2K	0.50	345
$79.50	Sep 25	0.03	0.04	$0.04	25.0%	20.5K	0.15	4.0K
$81.00	Oct 16	0.36	0.37	$0.37	2.7%	14.2K	0.22	34.8K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$79.00	Sep 30	0.56	0.58	$0.57	3.5%	13.5K	0.50	17.8K
$78.00	Oct 9	0.65	0.67	$0.66	3.0%	11.0K	0.38	2.9K
$81.00	Sep 30	2.00	2.08	$2.04	3.9%	10.8K	0.90	17.0K
$75.00	Oct 9	0.13	0.14	$0.14	7.1%	10.1K	0.10	1.7K
$79.00	Sep 28	0.36	0.37	$0.37	2.7%	6.6K	0.50	3.8K

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 26.3%, max 26.3%)

CALLS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$79.00	Sep 25	Nov 6	21.6%	17.1%	26.3%	7.8K	2.5K

PUTS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$79.00	Sep 25	Nov 6	21.6%	17.1%	26.3%	6.6K	19.0K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 113 found (best R:R 0.89, avg 2.31)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$78.00	$79.00	Sep 30	$0.66	$0.34	$0.66	75%	0.52	$78.66
$78.50	$79.00	Sep 28	$0.32	$0.18	$0.32	71%	0.56	$78.82
$80.50	$81.00	Oct 9	$0.10	$0.40	$0.10	23%	4.00	$80.60
$79.00	$79.50	Sep 25	$0.13	$0.37	$0.13	50%	2.85	$79.13
$82.00	$83.00	Oct 30	$0.15	$0.85	$0.15	20%	5.67	$82.15

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$80.00	$79.00	Oct 30	$0.53	$0.47	$0.53	62%	0.89	$79.47
$79.00	$78.00	Oct 30	$0.42	$0.58	$0.42	52%	1.38	$78.58
$78.00	$77.00	Oct 30	$0.31	$0.69	$0.31	41%	2.23	$77.69
$80.00	$79.00	Sep 30	$0.62	$0.38	$0.62	75%	0.61	$79.38
$78.50	$78.00	Oct 16	$0.18	$0.32	$0.18	46%	1.78	$78.32

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 71 found (best R:R 0.07, avg 0.46)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$80.00	$81.00	Oct 30	$0.37	$0.37	$0.63	62%	0.59	$80.37
$81.00	$82.00	Oct 30	$0.26	$0.26	$0.74	72%	0.35	$81.26
$80.50	$81.00	Nov 6	$0.18	$0.18	$0.32	67%	0.56	$80.68
$79.50	$80.00	Oct 23	$0.22	$0.22	$0.28	58%	0.79	$79.72
$80.00	$81.00	Sep 30	$0.15	$0.15	$0.85	75%	0.18	$80.15

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$75.00	$70.00	Oct 30	$0.31	$0.31	$4.69	83%	0.07	$74.69
$74.50	$70.00	Nov 6	$0.33	$0.33	$4.17	83%	0.08	$74.17
$75.00	$70.00	Oct 23	$0.24	$0.24	$4.76	85%	0.05	$74.76
$79.00	$78.50	Sep 25	$0.14	$0.14	$0.36	50%	0.39	$78.86
$78.00	$77.00	Sep 30	$0.14	$0.14	$0.86	75%	0.16	$77.86

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $0.21, cheapest $0.20)

CALLS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$79.00	Sep 25	Sep 28	$0.21	21.6%	12.1%

PUTS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$79.00	Sep 25	Sep 28	$0.20	21.6%	12.1%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 189 found (cheapest 0.43% of stock, avg 4.52%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$79.00	Sep 25	$0.17	$0.17	$0.34	$78.66	$79.34	0.43%
$78.50	Sep 25	$0.53	$0.03	$0.56	$77.94	$79.06	0.71%
$79.50	Sep 25	$0.04	$0.52	$0.56	$78.94	$80.06	0.71%
$79.00	Sep 28	$0.38	$0.37	$0.75	$78.25	$79.75	0.95%
$79.50	Sep 28	$0.18	$0.66	$0.84	$78.66	$80.34	1.06%
$78.50	Sep 28	$0.70	$0.18	$0.88	$77.62	$79.38	1.11%
$78.00	Sep 25	$1.01	$0.02	$1.03	$76.97	$79.03	1.30%
$80.00	Sep 25	$0.02	$1.01	$1.03	$78.97	$81.03	1.30%
$80.00	Sep 28	$0.07	$1.06	$1.13	$78.87	$81.13	1.43%
$79.00	Sep 30	$0.61	$0.57	$1.18	$77.82	$80.18	1.49%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 219 found (cheapest 0.05% of stock, avg 1.48%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$80.00	$78.00	Sep 25	$0.02	$0.02	$0.04	$77.96	$80.04
$80.00	$78.50	Sep 25	$0.02	$0.03	$0.05	$78.45	$80.05
$79.50	$78.00	Sep 25	$0.04	$0.02	$0.06	$77.94	$79.56
$79.50	$78.50	Sep 25	$0.04	$0.03	$0.07	$78.43	$79.57
$80.50	$77.50	Sep 28	$0.03	$0.05	$0.08	$77.42	$80.58
$80.00	$77.50	Sep 28	$0.07	$0.05	$0.12	$77.38	$80.12
$80.50	$78.00	Sep 28	$0.03	$0.09	$0.12	$77.88	$80.62
$80.00	$78.00	Sep 28	$0.07	$0.09	$0.16	$77.84	$80.16
$81.00	$77.00	Sep 30	$0.08	$0.09	$0.17	$76.83	$81.17
$81.00	$76.50	Oct 2	$0.10	$0.14	$0.24	$76.26	$81.24

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 39 found (best R:R 1.63, avg credit $0.31)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
76/76	80/81	Nov 6	$0.31	$0.19	36%	1.63	$76.19	$80.81
76/76	80/81	Nov 6	$0.29	$0.21	40%	1.38	$75.71	$80.79
76/77	80/81	Nov 6	$0.32	$0.18	32%	1.78	$76.68	$80.82
76/76	81/82	Nov 6	$0.27	$0.23	41%	1.17	$76.23	$81.27
76/76	82/82	Nov 6	$0.25	$0.25	45%	1.00	$76.25	$81.75
76/76	81/82	Nov 6	$0.25	$0.25	44%	1.00	$75.75	$81.25
76/76	82/82	Nov 6	$0.23	$0.27	49%	0.85	$75.77	$81.73
76/76	80/81	Oct 23	$0.25	$0.25	44%	1.00	$76.25	$80.75
76/77	80/80	Oct 16	$0.28	$0.22	38%	1.27	$76.72	$80.28
76/76	81/82	Oct 23	$0.22	$0.28	49%	0.79	$76.28	$81.22

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 74 found (best R:R 25.32, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$77.00	$78.00	$79.00	Sep 30	$0.19	$0.81	39%	4.26
$78.50	$79.00	$79.50	Sep 25	$0.23	$0.27	74%	1.17
$78.00	$79.00	$80.00	Sep 30	$0.28	$0.72	50%	2.57
$77.00	$78.00	$79.00	Oct 30	$0.09	$0.91	22%	10.11
$79.00	$79.50	$80.00	Sep 25	$0.11	$0.39	45%	3.55

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$65.00	$70.00	$75.00	Oct 23	$0.19	$4.81	15%	25.32
$65.00	$70.00	$75.00	Oct 30	$0.25	$4.75	16%	19.00
$78.50	$79.00	$79.50	Sep 25	$0.21	$0.29	74%	1.38
$78.00	$79.00	$80.00	Sep 30	$0.28	$0.72	50%	2.57
$77.00	$78.00	$79.00	Sep 30	$0.20	$0.80	39%	4.00

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 145 found (best net $-4.02, 124 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$65.00	$70.00	1:2	Sep 30	-$4.02	$0.98
$65.00	$70.00	1:2	Oct 2	-$4.02	$0.98
$78.00	$78.50	1:2	Sep 25	-$0.05	$0.45
$77.00	$78.00	1:2	Sep 30	-$0.42	$0.58
$75.00	$77.00	1:2	Nov 6	-$1.29	$0.71

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$86.00	$83.50	1:2	Sep 28	-$2.00	$0.50
$81.00	$80.00	1:2	Sep 30	-$0.34	$0.66
$79.50	$79.00	1:2	Sep 28	-$0.08	$0.42
$80.00	$79.50	1:2	Sep 28	-$0.26	$0.24
$76.00	$75.00	1:2	Oct 2	$0.00	$1.00

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 65 found (best yield 1.67%, avg 0.44%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$79.50	Nov 6	$1.32	0.43	0.6%	1.67%	2.29%	39	266
$80.00	Nov 6	$1.10	0.38	1.2%	1.39%	2.65%	632	459
$80.00	Oct 30	$1.01	0.38	1.2%	1.28%	2.53%	1.6K	3.2K
$80.50	Nov 6	$0.89	0.33	1.9%	1.13%	3.01%	34	38
$81.00	Nov 6	$0.72	0.29	2.5%	0.91%	3.43%	515	42
$79.50	Oct 23	$1.04	0.42	0.6%	1.32%	1.94%	1.4K	1.6K
$81.00	Oct 30	$0.64	0.28	2.5%	0.81%	3.33%	868	5.0K
$80.00	Oct 23	$0.82	0.36	1.2%	1.04%	2.29%	729	2.7K
$81.50	Nov 6	$0.58	0.24	3.1%	0.73%	3.89%	205	432
$80.50	Oct 23	$0.64	0.31	1.9%	0.81%	2.70%	3.1K	1.6K

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 281,224

Total Puts 151,139

Put/Call Ratio 0.54

Net Difference 130,085

Prior's Put/Call Breakdown

Total Calls 139,779

Total Puts 83,440

Put/Call Ratio 0.60

Net Difference 56,339

Prior 7-Day Put/Call Summary

Total Calls 2,611,698

Total Puts 1,279,588

Average Put/Call Ratio 0.49

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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