TLT - Options Database

TLT

iShares 20+ Year Treasury Bond ETF

$79.11 -0.39%

(9/25 12:00) ◀

Friday, September 25, 2026 (1:00pm)

▶ (9/25 14:00)

◀ 9/25 13:00 ▶

Option Volume

Detail

ℹ

Current (09/25 1:00pm) 699,994

Calls: 476,815 (68%)

Puts: 223,179 (32%)

Prior (09/24) 405,077

Calls: 261,624 (65%)

Puts: 143,453 (35%)

Current vs Prior +72.81%

Calls: +82.25% (Calls)

Puts: +55.58% (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 +25.92%

Calls: +27.80%

Puts: +22.09%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (09/25 1:00pm) $36.17M

Calls: $20.22M (56%)

Puts: $15.96M (44%)

Prior (09/24) $19.16M

Calls: $10.29M (54%)

Puts: $8.87M (46%)

Current vs Prior +88.78%

Calls: +96.46%

Puts: +79.88%

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 +6.28%

Calls: +12.10%

Puts: -0.28%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (09/25 1:00pm) 0.47

Prior (09/24) 0.55

Current vs Prior -14.64%

Prior 7-Day Average 0.49

Current vs Prior 7-Day Avg -4.35%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (09/25 1:00pm) 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 0.78% | 1.28%0.78% | 2.26%3.26% | 5.42%

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

Current vs Prior -33.07% | -13.34%-33.07% | -5.42%-1.89% | +2.30%

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

Current vs 7-Day Avg -26.09% | -2.85%-29.78% | +18.96%+97.44% | +41.85%

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

Current vs 7-Day Eod -33.07% | -13.34%-33.79% | -6.89%-3.71% | -0.54%

Sentiment BULLISHBULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 10.95% | 4.08%

Calls: 10.00% | 4.76%

Puts: 11.90% | 3.39%

Prior 3.14% | 3.54%

Calls: 3.51% | 2.90%

Puts: 2.78% | 4.17%

Current vs Prior +248.73% | +15.25%

Prior 7-Day Avg 5.07% | 2.60%

Calls: 4.48% | 2.25%

Puts: 5.67% | 2.96%

Current vs 7-Day Avg +115.85% | +56.62%

Liquidity Acceptable

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🤖 AI Insights

Elevated premium activity with dollar volume up 89% vs prior. Above-average activity with volume up 73% vs prior. Extreme bullish P/C ratio of 0.47 - heavy call buying (476,815 calls vs 223,179 puts). 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 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
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 353 of results (avg 3.0%, best 0.7%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$77.50	Oct 23	2.28	2.30	$2.29	0.9%	72	0.68	24
$78.00	Nov 6	2.21	2.23	$2.22	0.9%	240	0.59	367
$77.50	Oct 16	2.09	2.11	$2.10	1.0%	441	0.71	500
$77.00	Nov 6	2.90	2.93	$2.92	1.0%	1	0.70	--
$78.00	Oct 23	1.93	1.95	$1.94	1.0%	433	0.62	55

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$94.00	Sep 25	14.85	14.95	$14.90	0.7%	25	1.00	--
$93.00	Sep 25	13.85	13.95	$13.90	0.7%	25	1.00	--
$92.00	Sep 25	12.85	12.95	$12.90	0.8%	32	1.00	--
$80.50	Nov 6	2.53	2.55	$2.54	0.8%	58	0.66	22
$94.00	Oct 16	15.10	15.25	$15.18	1.0%	--	0.99	284

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 146 found (avg $0.37, cheapest $0.20)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$79.00	Sep 25	0.19	0.21	$0.20	10.0%	14.3K	0.62	2.5K
$80.00	Sep 28	0.08	0.09	$0.09	11.1%	8.2K	0.17	3.0K
$79.50	Sep 28	0.20	0.21	$0.21	4.8%	6.4K	0.33	2.1K
$78.50	Sep 25	0.59	0.66	$0.63	11.1%	2.4K	0.95	330
$81.00	Sep 30	0.06	0.07	$0.07	14.3%	14.0K	0.10	22.7K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$79.50	Sep 25	0.39	0.44	$0.42	11.9%	3.9K	0.83	13.9K
$78.00	Sep 28	0.06	0.07	$0.07	14.3%	783	0.13	5.5K
$78.50	Sep 28	0.14	0.15	$0.15	6.7%	2.4K	0.26	1.9K
$79.00	Sep 28	0.30	0.31	$0.31	3.2%	8.8K	0.46	3.8K
$77.00	Sep 30	0.06	0.07	$0.07	14.3%	1.4K	0.09	2.2K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 244 found (avg delta 0.87, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$70.00	Sep 25	9.05	9.15	$9.10	1.1%	39	1.00	42
$71.00	Sep 25	8.05	8.15	$8.10	1.2%	33	1.00	20
$72.00	Sep 25	7.05	7.15	$7.10	1.4%	17	1.00	2
$73.00	Sep 25	6.05	6.15	$6.10	1.6%	10	1.00	7
$74.00	Sep 25	5.05	5.15	$5.10	2.0%	47	1.00	1

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$94.00	Sep 25	14.85	14.95	$14.90	0.7%	25	1.00	--
$91.00	Sep 25	11.80	11.95	$11.88	1.3%	32	1.00	--
$92.00	Sep 25	12.85	12.95	$12.90	0.8%	32	1.00	--
$93.00	Sep 25	13.85	13.95	$13.90	0.7%	25	1.00	--
$87.50	Sep 25	8.30	8.45	$8.38	1.8%	26	0.99	--

Most actively traded options today. High liquidity = easy entry/exit. 448 active (total vol 696.9K, top 52.1K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$80.00	Oct 16	0.67	0.69	$0.68	2.9%	52.1K	0.35	16.4K
$79.50	Sep 25	0.03	0.04	$0.04	25.0%	42.3K	0.17	4.0K
$82.50	Oct 16	0.13	0.14	$0.14	7.1%	31.8K	0.10	11.5K
$79.00	Sep 28	0.41	0.43	$0.42	4.8%	28.2K	0.54	345
$81.00	Oct 16	0.36	0.37	$0.37	2.7%	25.8K	0.23	34.8K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$79.00	Sep 30	0.50	0.51	$0.51	2.0%	15.2K	0.47	17.8K
$79.00	Sep 25	0.08	0.10	$0.09	22.2%	14.9K	0.38	18.6K
$81.00	Sep 30	1.91	1.97	$1.94	3.1%	11.7K	0.90	17.0K
$78.00	Oct 9	0.59	0.61	$0.60	3.3%	11.2K	0.36	2.9K
$78.00	Oct 16	0.76	0.79	$0.78	3.8%	11.1K	0.38	26.9K

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 46.5%, max 58.8%)

CALLS (2)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$79.50	Sep 25	Nov 6	26.3%	16.6%	58.8%	42.6K	4.3K
$79.00	Sep 25	Nov 6	22.8%	17.0%	34.2%	14.3K	2.5K

PUTS (2)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$79.50	Sep 25	Nov 6	26.3%	16.6%	58.8%	4.5K	14.1K
$79.00	Sep 25	Nov 6	22.8%	17.0%	34.2%	15.8K	19.0K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 112 found (best R:R 1.50, avg 2.31)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$79.00	$79.50	Sep 28	$0.21	$0.29	$0.21	54%	1.38	$79.21
$79.00	$79.50	Sep 25	$0.16	$0.34	$0.16	62%	2.12	$79.16
$80.00	$80.50	Oct 2	$0.11	$0.39	$0.11	27%	3.55	$80.11
$81.00	$81.50	Oct 23	$0.12	$0.38	$0.12	26%	3.17	$81.12
$81.50	$82.00	Nov 6	$0.12	$0.38	$0.12	25%	3.17	$81.62

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$79.00	$78.00	Oct 30	$0.40	$0.60	$0.40	52%	1.50	$78.60
$81.50	$81.00	Nov 6	$0.32	$0.18	$0.32	75%	0.56	$81.18
$80.00	$79.00	Oct 30	$0.52	$0.48	$0.52	61%	0.92	$79.48
$78.00	$77.00	Oct 30	$0.30	$0.70	$0.30	40%	2.33	$77.70
$79.00	$78.50	Oct 16	$0.21	$0.29	$0.21	52%	1.38	$78.79

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 69 found (best R:R 0.06, avg 0.45)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$80.00	$81.00	Sep 30	$0.17	$0.17	$0.83	73%	0.20	$80.17
$80.00	$81.00	Oct 30	$0.37	$0.37	$0.63	61%	0.59	$80.37
$81.00	$82.00	Oct 30	$0.26	$0.26	$0.74	71%	0.35	$81.26
$79.50	$80.00	Oct 2	$0.18	$0.18	$0.32	62%	0.56	$79.68
$79.50	$80.00	Nov 6	$0.23	$0.23	$0.27	57%	0.85	$79.73

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$75.00	$70.00	Oct 30	$0.28	$0.28	$4.72	84%	0.06	$74.72
$75.00	$70.00	Oct 23	$0.23	$0.23	$4.77	86%	0.05	$74.77
$74.50	$70.00	Nov 6	$0.31	$0.31	$4.19	83%	0.07	$74.19
$79.00	$78.00	Sep 30	$0.32	$0.32	$0.68	53%	0.47	$78.68
$78.00	$77.00	Sep 30	$0.12	$0.12	$0.88	78%	0.14	$77.88

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $0.22, cheapest $0.22)

CALLS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$79.00	Sep 25	Sep 28	$0.22	22.8%	11.9%

PUTS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$79.00	Sep 25	Sep 28	$0.22	22.8%	11.9%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 200 found (cheapest 0.37% of stock, avg 4.64%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$79.00	Sep 25	$0.20	$0.09	$0.29	$78.71	$79.29	0.37%
$79.50	Sep 25	$0.04	$0.42	$0.46	$79.04	$79.96	0.58%
$78.50	Sep 25	$0.63	$0.01	$0.64	$77.86	$79.14	0.81%
$79.00	Sep 28	$0.42	$0.31	$0.73	$78.27	$79.73	0.92%
$79.50	Sep 28	$0.21	$0.59	$0.80	$78.70	$80.30	1.01%
$80.00	Sep 25	$0.01	$0.90	$0.91	$79.09	$80.91	1.15%
$78.50	Sep 28	$0.76	$0.15	$0.91	$77.59	$79.41	1.15%
$80.00	Sep 28	$0.09	$0.97	$1.06	$78.94	$81.06	1.34%
$78.00	Sep 25	$1.12	$0.01	$1.13	$76.87	$79.13	1.43%
$79.00	Sep 30	$0.64	$0.51	$1.15	$77.85	$80.15	1.45%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 214 found (cheapest 0.10% of stock, avg 1.47%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$80.50	$77.50	Sep 28	$0.04	$0.04	$0.08	$77.42	$80.58
$80.50	$78.00	Sep 28	$0.04	$0.07	$0.11	$77.89	$80.61
$80.00	$77.50	Sep 28	$0.09	$0.04	$0.13	$77.37	$80.13
$81.00	$77.00	Sep 30	$0.07	$0.07	$0.14	$76.86	$81.14
$79.50	$79.00	Sep 25	$0.04	$0.09	$0.13	$78.87	$79.63
$80.00	$78.00	Sep 28	$0.09	$0.07	$0.16	$77.84	$80.16
$81.00	$76.50	Oct 2	$0.11	$0.11	$0.22	$76.28	$81.22
$80.50	$78.50	Sep 28	$0.04	$0.15	$0.19	$78.31	$80.69
$80.00	$78.50	Sep 28	$0.09	$0.15	$0.24	$78.26	$80.24
$81.00	$76.50	Oct 5	$0.13	$0.15	$0.28	$76.22	$81.28

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 35 found (best R:R 1.50, 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	$0.30	$0.20	36%	1.50	$76.20	$80.80
76/76	80/81	Nov 6	$0.28	$0.22	40%	1.27	$75.72	$80.78
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	81/82	Nov 6	$0.25	$0.25	45%	1.00	$75.75	$81.25
76/77	81/82	Nov 6	$0.29	$0.21	37%	1.38	$76.71	$81.29
76/77	80/81	Oct 23	$0.27	$0.23	40%	1.17	$76.73	$80.77
76/76	82/82	Nov 6	$0.22	$0.28	49%	0.79	$75.78	$81.72
76/76	82/82	Nov 6	$0.24	$0.26	45%	0.92	$76.26	$81.74
76/77	82/82	Nov 6	$0.26	$0.24	41%	1.08	$76.74	$81.76

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 68 found (best R:R 20.74, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$79.00	$79.50	$80.00	Sep 25	$0.13	$0.37	60%	2.85
$78.00	$78.50	$79.00	Sep 25	$0.06	$0.44	38%	7.33
$77.00	$78.00	$79.00	Sep 30	$0.19	$0.81	39%	4.26
$78.00	$79.00	$80.00	Sep 30	$0.29	$0.71	51%	2.45
$76.00	$77.00	$78.00	Sep 30	$0.06	$0.94	18%	15.67

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$65.00	$70.00	$75.00	Oct 30	$0.23	$4.77	15%	20.74
$65.00	$70.00	$75.00	Oct 23	$0.19	$4.81	14%	25.32
$78.50	$79.00	$79.50	Sep 25	$0.25	$0.25	80%	1.00
$78.00	$79.00	$80.00	Sep 30	$0.28	$0.72	51%	2.57
$79.00	$79.50	$80.00	Sep 25	$0.15	$0.35	60%	2.33

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 153 found (best net $-1.17, 133 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$70.00	$74.00	1:2	Sep 30	-$1.17	$2.83
$65.00	$70.00	1:2	Sep 30	-$4.13	$0.87
$65.00	$70.00	1:2	Oct 2	-$4.13	$0.87
$77.00	$78.00	1:2	Sep 25	-$0.14	$0.86
$77.00	$78.00	1:2	Sep 30	-$0.45	$0.55

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$86.00	$82.50	1:2	Nov 6	-$0.85	$2.65
$86.00	$83.50	1:2	Sep 28	-$1.90	$0.60
$81.00	$80.00	1:2	Sep 30	-$0.28	$0.72
$80.00	$79.50	1:2	Sep 28	-$0.21	$0.29
$80.50	$80.00	1:2	Sep 25	-$0.40	$0.10

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 65 found (best yield 1.71%, avg 0.44%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$79.50	Nov 6	$1.35	0.43	0.5%	1.71%	2.20%	300	266
$80.00	Nov 6	$1.12	0.39	1.1%	1.42%	2.54%	659	459
$80.50	Nov 6	$0.91	0.34	1.8%	1.15%	2.91%	41	38
$80.00	Oct 30	$1.02	0.39	1.1%	1.29%	2.41%	2.9K	3.2K
$81.00	Nov 6	$0.74	0.29	2.4%	0.94%	3.32%	556	42
$79.50	Oct 23	$1.06	0.43	0.5%	1.34%	1.83%	1.7K	1.6K
$81.00	Oct 30	$0.65	0.29	2.4%	0.82%	3.21%	1.8K	5.0K
$81.50	Nov 6	$0.59	0.25	3.0%	0.75%	3.77%	212	432
$80.00	Oct 23	$0.84	0.37	1.1%	1.06%	2.19%	1.0K	2.7K
$80.50	Oct 23	$0.65	0.31	1.8%	0.82%	2.58%	3.5K	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 476,815

Total Puts 223,179

Put/Call Ratio 0.47

Net Difference 253,636

Prior's Put/Call Breakdown

Total Calls 261,624

Total Puts 143,453

Put/Call Ratio 0.55

Net Difference 118,171

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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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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