TLT - Options Database

TLT

iShares 20+ Year Treasury Bond ETF

$79.05 -0.47%

(9/25 13:00) ◀

Friday, September 25, 2026 (2:00pm)

▶ (9/25 15:00)

◀ 9/25 14:00 ▶

Option Volume

Detail

ℹ

Current (09/25 2:00pm) 751,145

Calls: 516,450 (69%)

Puts: 234,695 (31%)

Prior (09/24) 460,741

Calls: 308,003 (67%)

Puts: 152,738 (33%)

Current vs Prior +63.03%

Calls: +67.68% (Calls)

Puts: +53.66% (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 +35.12%

Calls: +38.42%

Puts: +28.39%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (09/25 2:00pm) $38.72M

Calls: $21.49M (56%)

Puts: $17.22M (44%)

Prior (09/24) $21.71M

Calls: $10.69M (49%)

Puts: $11.02M (51%)

Current vs Prior +78.33%

Calls: +101.10%

Puts: +56.24%

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 +13.75%

Calls: +19.19%

Puts: +7.62%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (09/25 2:00pm) 0.45

Prior (09/24) 0.50

Current vs Prior -8.36%

Prior 7-Day Average 0.49

Current vs Prior 7-Day Avg -7.15%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (09/25 2:00pm) 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 0.73% | 1.29%0.73% | 2.28%3.29% | 5.44%

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

Current vs Prior -37.34% | -12.41%-37.34% | -4.82%-1.05% | +2.62%

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

Current vs 7-Day Avg -30.81% | -1.82%-34.26% | +19.71%+99.12% | +42.29%

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

Current vs 7-Day Eod -37.34% | -12.41%-38.01% | -6.30%-2.89% | -0.23%

Sentiment BULLISHBULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 11.62% | 2.87%

Calls: 7.69% | 2.56%

Puts: 15.56% | 3.17%

Prior 3.14% | 3.54%

Calls: 3.51% | 2.90%

Puts: 2.78% | 4.17%

Current vs Prior +270.06% | -18.93%

Prior 7-Day Avg 5.07% | 2.60%

Calls: 4.48% | 2.25%

Puts: 5.67% | 2.96%

Current vs 7-Day Avg +129.06% | +10.17%

Liquidity Good

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🤖 AI Insights

Elevated premium activity with dollar volume up 78% vs prior. Above-average activity with volume up 63% vs prior. Extreme bullish P/C ratio of 0.45 - heavy call buying (516,450 calls vs 234,695 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 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
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 357 of results (avg 2.9%, best 0.8%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$79.00	Oct 16	1.11	1.12	$1.12	0.9%	4.4K	0.48	2.4K
$77.50	Oct 23	2.23	2.25	$2.24	0.9%	72	0.68	24
$79.50	Oct 23	1.04	1.05	$1.05	1.0%	1.7K	0.42	1.6K
$78.00	Oct 30	2.08	2.10	$2.09	1.0%	899	0.60	401
$77.50	Oct 16	2.05	2.07	$2.06	1.0%	443	0.70	500

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$79.00	Oct 16	1.20	1.21	$1.21	0.8%	7.3K	0.53	96.5K
$80.00	Sep 30	1.14	1.15	$1.15	0.9%	4.7K	0.74	49.7K
$78.00	Oct 30	1.05	1.06	$1.06	0.9%	1.7K	0.41	7.5K
$94.00	Oct 16	15.15	15.30	$15.23	1.0%	--	0.99	284
$79.50	Nov 6	1.98	2.00	$1.99	1.0%	596	0.57	221

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 147 found (avg $0.37, cheapest $0.09)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$79.00	Sep 25	0.12	0.13	$0.13	7.7%	16.1K	0.57	2.5K
$80.00	Sep 28	0.07	0.08	$0.08	12.5%	9.4K	0.15	3.0K
$78.50	Sep 25	0.53	0.61	$0.57	14.0%	2.4K	0.96	330
$79.50	Sep 28	0.18	0.19	$0.19	5.3%	6.9K	0.31	2.1K
$81.00	Sep 30	0.06	0.07	$0.07	14.3%	14.3K	0.10	22.7K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$79.00	Sep 25	0.08	0.09	$0.09	11.1%	16.7K	0.43	18.6K
$79.50	Sep 25	0.42	0.49	$0.45	15.6%	4.0K	0.91	13.9K
$78.00	Sep 28	0.07	0.08	$0.08	12.5%	890	0.15	5.5K
$78.50	Sep 28	0.15	0.16	$0.16	6.3%	2.8K	0.28	1.9K
$79.00	Sep 28	0.33	0.34	$0.34	2.9%	9.2K	0.49	3.8K

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
$76.00	Sep 28	3.00	3.15	$3.08	4.9%	20	1.00	108
$76.50	Sep 28	2.54	2.63	$2.59	3.5%	6.7K	1.00	--
$65.00	Sep 30	14.00	14.15	$14.08	1.1%	--	1.00	73
$70.00	Sep 30	9.00	9.15	$9.07	1.7%	2	1.00	185
$74.00	Sep 30	5.05	5.15	$5.10	2.0%	3	1.00	8

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$80.50	Sep 25	1.41	1.51	$1.46	6.8%	2.0K	1.00	6.4K
$81.00	Sep 25	1.91	2.01	$1.96	5.1%	1.2K	1.00	29.1K
$81.50	Sep 25	2.39	2.49	$2.44	4.1%	7	1.00	1.1K
$82.00	Sep 25	2.89	2.99	$2.94	3.4%	112	1.00	378
$82.50	Sep 25	3.40	3.50	$3.45	2.9%	11	1.00	60

Most actively traded options today. High liquidity = easy entry/exit. 452 active (total vol 748.0K, top 53.5K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$80.00	Oct 16	0.66	0.67	$0.67	1.5%	53.5K	0.34	16.4K
$79.50	Sep 25	0.01	0.02	$0.02	50.0%	43.0K	0.10	4.0K
$82.50	Oct 16	0.13	0.14	$0.14	7.1%	31.8K	0.10	11.5K
$81.00	Oct 16	0.35	0.37	$0.36	5.6%	29.1K	0.22	34.8K
$79.00	Sep 28	0.38	0.39	$0.39	2.6%	28.6K	0.51	345

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$79.00	Sep 25	0.08	0.09	$0.09	11.1%	16.7K	0.43	18.6K
$79.00	Sep 30	0.52	0.54	$0.53	3.8%	15.6K	0.49	17.8K
$81.00	Sep 30	1.96	2.01	$1.99	2.5%	11.8K	0.91	17.0K
$78.00	Oct 9	0.62	0.63	$0.63	1.6%	11.4K	0.37	2.9K
$78.00	Oct 16	0.78	0.80	$0.79	2.5%	11.3K	0.39	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. 2 strikes (avg 26.4%, max 26.4%)

CALLS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$79.00	Sep 25	Nov 6	21.4%	16.9%	26.4%	16.1K	2.5K

PUTS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$79.00	Sep 25	Nov 6	21.4%	16.9%	26.4%	17.7K	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 0.56, avg 2.29)

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	77%	0.52	$78.66
$78.50	$79.00	Sep 28	$0.32	$0.18	$0.32	73%	0.56	$78.82
$79.00	$79.50	Sep 28	$0.20	$0.30	$0.20	51%	1.50	$79.20
$80.50	$81.00	Oct 9	$0.10	$0.40	$0.10	23%	4.00	$80.60
$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
$81.50	$81.00	Nov 6	$0.32	$0.18	$0.32	75%	0.56	$81.18
$79.00	$78.00	Oct 30	$0.41	$0.59	$0.41	52%	1.44	$78.59
$80.00	$79.00	Oct 30	$0.53	$0.47	$0.53	62%	0.89	$79.47
$78.00	$77.00	Oct 30	$0.31	$0.69	$0.31	41%	2.23	$77.69
$78.50	$78.00	Nov 6	$0.20	$0.30	$0.20	49%	1.50	$78.30

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 69 found (best R:R 0.05, 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
$80.00	$81.00	Sep 30	$0.16	$0.16	$0.84	74%	0.19	$80.16
$81.00	$82.00	Oct 30	$0.25	$0.25	$0.75	72%	0.33	$81.25
$79.50	$80.00	Oct 23	$0.22	$0.22	$0.28	58%	0.79	$79.72
$80.00	$80.50	Oct 23	$0.19	$0.19	$0.31	64%	0.61	$80.19

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$75.00	$70.00	Oct 23	$0.24	$0.24	$4.76	85%	0.05	$74.76
$74.50	$70.00	Nov 6	$0.32	$0.32	$4.18	83%	0.08	$74.18
$75.00	$70.00	Oct 30	$0.29	$0.29	$4.71	83%	0.06	$74.71
$78.00	$77.00	Sep 30	$0.13	$0.13	$0.87	77%	0.15	$77.87
$79.00	$78.00	Sep 30	$0.33	$0.33	$0.67	51%	0.49	$78.67

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $0.26, cheapest $0.25)

CALLS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$79.00	Sep 25	Sep 28	$0.26	21.4%	11.9%

PUTS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$79.00	Sep 25	Sep 28	$0.25	21.4%	11.9%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 195 found (cheapest 0.28% of stock, avg 4.51%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$79.00	Sep 25	$0.13	$0.09	$0.22	$78.78	$79.22	0.28%
$79.50	Sep 25	$0.02	$0.45	$0.47	$79.03	$79.97	0.59%
$78.50	Sep 25	$0.57	$0.01	$0.58	$77.92	$79.08	0.73%
$79.00	Sep 28	$0.39	$0.34	$0.73	$78.27	$79.73	0.92%
$79.50	Sep 28	$0.19	$0.63	$0.82	$78.68	$80.32	1.04%
$78.50	Sep 28	$0.71	$0.16	$0.87	$77.63	$79.37	1.10%
$80.00	Sep 25	$0.01	$0.95	$0.96	$79.04	$80.96	1.21%
$78.00	Sep 25	$1.07	$0.01	$1.08	$76.92	$79.08	1.37%
$80.00	Sep 28	$0.08	$1.01	$1.09	$78.91	$81.09	1.38%
$79.00	Sep 30	$0.61	$0.53	$1.14	$77.86	$80.14	1.44%

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	$0.08	$0.12	$77.88	$80.62
$80.00	$77.50	Sep 28	$0.08	$0.04	$0.12	$77.38	$80.12
$81.00	$77.00	Sep 30	$0.07	$0.07	$0.14	$76.86	$81.14
$80.00	$78.00	Sep 28	$0.08	$0.08	$0.16	$77.84	$80.16
$79.50	$79.00	Sep 25	$0.02	$0.09	$0.11	$78.89	$79.61
$81.00	$76.50	Oct 2	$0.10	$0.12	$0.22	$76.28	$81.22
$80.50	$78.50	Sep 28	$0.04	$0.16	$0.20	$78.30	$80.70
$80.00	$78.50	Sep 28	$0.08	$0.16	$0.24	$78.26	$80.24
$81.00	$76.50	Oct 5	$0.12	$0.16	$0.28	$76.22	$81.28

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 36 found (best R:R 1.27, avg credit $0.31)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
76/76	81/82	Nov 6	$0.28	$0.22	41%	1.27	$76.22	$81.28
76/76	80/81	Nov 6	$0.30	$0.20	36%	1.50	$76.20	$80.80
76/76	82/82	Nov 6	$0.25	$0.25	45%	1.00	$76.25	$81.75
76/77	81/82	Nov 6	$0.29	$0.21	37%	1.38	$76.71	$81.29
76/77	80/81	Nov 6	$0.31	$0.19	32%	1.63	$76.69	$80.81
77/78	80/81	Oct 16	$0.27	$0.23	39%	1.17	$77.23	$80.77
77/78	80/81	Oct 23	$0.29	$0.21	35%	1.38	$77.21	$80.79
76/77	82/82	Nov 6	$0.26	$0.24	41%	1.08	$76.74	$81.76
76/77	80/81	Oct 16	$0.24	$0.26	45%	0.92	$76.76	$80.74
77/78	80/80	Oct 16	$0.30	$0.20	33%	1.50	$77.20	$80.30

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 69 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	$0.10	$0.40	55%	4.00
$78.00	$78.50	$79.00	Sep 25	$0.06	$0.44	40%	7.33
$78.00	$79.00	$80.00	Sep 30	$0.28	$0.72	51%	2.57
$76.00	$77.00	$78.00	Oct 30	$0.06	$0.94	20%	15.67
$79.00	$80.00	$81.00	Sep 30	$0.22	$0.78	42%	3.55

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$65.00	$70.00	$75.00	Oct 30	$0.23	$4.77	16%	20.74
$65.00	$70.00	$75.00	Oct 23	$0.20	$4.80	14%	24.00
$78.50	$79.00	$79.50	Sep 25	$0.28	$0.22	87%	0.79
$78.00	$79.00	$80.00	Sep 30	$0.29	$0.71	51%	2.45
$77.00	$78.00	$79.00	Sep 30	$0.20	$0.80	40%	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. 152 found (best net $-1.13, 132 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$70.00	$74.00	1:2	Sep 30	-$1.13	$2.87
$65.00	$70.00	1:2	Sep 30	-$4.06	$0.94
$65.00	$70.00	1:2	Oct 2	-$4.06	$0.94
$77.00	$78.00	1:2	Sep 25	-$0.07	$0.93
$77.00	$78.00	1:2	Sep 30	-$0.39	$0.61

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$86.00	$82.50	1:2	Nov 6	-$0.96	$2.54
$86.00	$83.50	1:2	Sep 28	-$1.93	$0.57
$81.00	$80.00	1:2	Sep 30	-$0.31	$0.69
$79.50	$79.00	1:2	Sep 28	-$0.05	$0.45
$80.00	$79.50	1:2	Sep 28	-$0.25	$0.25

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 0.43%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$79.50	Nov 6	$1.32	0.43	0.6%	1.67%	2.24%	400	266
$80.00	Nov 6	$1.09	0.38	1.2%	1.38%	2.58%	659	459
$80.50	Nov 6	$0.90	0.33	1.8%	1.14%	2.97%	44	38
$80.00	Oct 30	$1.00	0.38	1.2%	1.27%	2.47%	5.5K	3.2K
$81.00	Nov 6	$0.72	0.29	2.5%	0.91%	3.38%	556	42
$79.50	Oct 23	$1.04	0.42	0.6%	1.32%	1.88%	1.7K	1.6K
$81.50	Nov 6	$0.58	0.25	3.1%	0.73%	3.83%	226	432
$81.00	Oct 30	$0.63	0.28	2.5%	0.80%	3.26%	1.8K	5.0K
$80.00	Oct 23	$0.82	0.36	1.2%	1.04%	2.24%	1.1K	2.7K
$80.50	Oct 23	$0.63	0.31	1.8%	0.80%	2.63%	3.7K	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 516,450

Total Puts 234,695

Put/Call Ratio 0.45

Net Difference 281,755

Prior's Put/Call Breakdown

Total Calls 308,003

Total Puts 152,738

Put/Call Ratio 0.50

Net Difference 155,265

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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