TLT - Options Database

TLT

iShares 20+ Year Treasury Bond ETF

$79.22 -0.26%

(9/25 14:00) ◀

Friday, September 25, 2026 (3:00pm)

▶ (9/25 15:18)

◀ 9/25 15:00 ▶

Option Volume

Detail

ℹ

Current (09/25 3:00pm) 813,940

Calls: 554,827 (68%)

Puts: 259,113 (32%)

Prior (09/24) 536,757

Calls: 343,778 (64%)

Puts: 192,979 (36%)

Current vs Prior +51.64%

Calls: +61.39% (Calls)

Puts: +34.27% (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 +46.42%

Calls: +48.71%

Puts: +41.75%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (09/25 3:00pm) $39.87M

Calls: $23.77M (60%)

Puts: $16.10M (40%)

Prior (09/24) $30.61M

Calls: $13.09M (43%)

Puts: $17.53M (57%)

Current vs Prior +30.22%

Calls: +81.66%

Puts: -8.17%

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 +17.14%

Calls: +31.82%

Puts: +0.59%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (09/25 3:00pm) 0.47

Prior (09/24) 0.56

Current vs Prior -16.80%

Prior 7-Day Average 0.49

Current vs Prior 7-Day Avg -4.58%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (09/25 3:00pm) 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 0.67% | 1.21%0.67% | 2.11%3.08% | 5.25%

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

Current vs Prior -42.87% | -17.74%-42.87% | -11.88%-7.34% | -0.94%

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

Current vs 7-Day Avg -36.91% | -7.79%-40.06% | +10.83%+86.46% | +37.36%

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

Current vs 7-Day Eod -42.87% | -17.74%-43.48% | -13.25%-9.07% | -3.68%

Sentiment BULLISHBULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 18.11% | 3.17%

Calls: 13.64% | 4.35%

Puts: 22.58% | 2.00%

Prior 3.14% | 3.54%

Calls: 3.51% | 2.90%

Puts: 2.78% | 4.17%

Current vs Prior +476.75% | -10.45%

Prior 7-Day Avg 5.07% | 2.60%

Calls: 4.48% | 2.25%

Puts: 5.67% | 2.96%

Current vs 7-Day Avg +257.00% | +21.69%

Liquidity Acceptable

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🤖 AI Insights

Above-average activity with volume up 52% vs prior. Extreme bullish P/C ratio of 0.47 - heavy call buying (554,827 calls vs 259,113 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
15:00	BULLISH	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 358 of results (avg 2.9%, best 0.5%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$78.00	Oct 30	2.12	2.13	$2.13	0.5%	934	0.63	401
$78.50	Oct 23	1.60	1.61	$1.61	0.6%	1.2K	0.58	72
$79.00	Oct 23	1.30	1.31	$1.31	0.8%	1.2K	0.50	868
$77.50	Nov 6	2.54	2.56	$2.55	0.8%	7	0.67	--
$78.50	Oct 9	1.20	1.21	$1.21	0.8%	750	0.61	780

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$95.00	Sep 25	15.75	15.85	$15.80	0.6%	36	1.00	--
$94.00	Sep 25	14.75	14.85	$14.80	0.7%	25	1.00	--
$92.00	Sep 25	12.75	12.85	$12.80	0.8%	32	1.00	--
$80.50	Nov 6	2.41	2.43	$2.42	0.8%	71	0.66	22
$91.00	Sep 25	11.75	11.85	$11.80	0.8%	32	1.00	--

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 145 found (avg $0.37, cheapest $0.22)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$79.00	Sep 25	0.20	0.23	$0.22	13.6%	18.5K	0.87	2.5K
$80.00	Sep 28	0.08	0.09	$0.09	11.1%	11.2K	0.18	3.0K
$79.50	Sep 28	0.21	0.22	$0.22	4.5%	7.6K	0.36	2.1K
$81.00	Sep 30	0.06	0.07	$0.07	14.3%	14.5K	0.10	22.7K
$78.50	Sep 25	0.66	0.74	$0.70	11.4%	2.5K	0.98	330

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$78.50	Sep 28	0.10	0.11	$0.11	9.1%	3.0K	0.21	1.9K
$79.00	Sep 28	0.23	0.24	$0.24	4.2%	10.2K	0.41	3.8K
$78.00	Sep 30	0.13	0.14	$0.14	7.1%	5.4K	0.18	4.5K
$79.50	Sep 28	0.49	0.50	$0.50	2.0%	1.9K	0.64	3.4K
$80.00	Sep 25	0.78	0.85	$0.82	8.5%	3.9K	0.97	15.8K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 261 found (avg delta 0.87, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$70.00	Sep 25	9.15	9.25	$9.20	1.1%	45	1.00	42
$71.00	Sep 25	8.15	8.25	$8.20	1.2%	39	1.00	20
$72.00	Sep 25	7.15	7.25	$7.20	1.4%	23	1.00	2
$73.00	Sep 25	6.15	6.25	$6.20	1.6%	16	1.00	7
$74.00	Sep 25	5.15	5.25	$5.20	1.9%	47	1.00	1

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$95.00	Sep 25	15.75	15.85	$15.80	0.6%	36	1.00	--
$91.00	Sep 25	11.75	11.85	$11.80	0.8%	32	1.00	--
$92.00	Sep 25	12.75	12.85	$12.80	0.8%	32	1.00	--
$93.00	Sep 25	13.70	13.85	$13.77	1.1%	25	1.00	--
$94.00	Sep 25	14.75	14.85	$14.80	0.7%	25	1.00	--

Most actively traded options today. High liquidity = easy entry/exit. 463 active (total vol 810.9K, top 54.3K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$80.00	Oct 16	0.66	0.67	$0.67	1.5%	54.3K	0.36	16.4K
$79.50	Sep 25	0.00	0.01	$0.01	100.0%	43.6K	0.06	4.0K
$82.50	Oct 16	0.12	0.13	$0.13	7.7%	31.8K	0.10	11.5K
$81.00	Oct 16	0.35	0.36	$0.36	2.8%	31.6K	0.23	34.8K
$79.00	Sep 28	0.45	0.47	$0.46	4.3%	29.1K	0.59	345

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$79.00	Sep 25	0.01	0.02	$0.02	50.0%	20.2K	0.15	18.6K
$79.00	Sep 30	0.41	0.42	$0.42	2.4%	18.4K	0.44	17.8K
$81.00	Sep 30	1.80	1.87	$1.84	3.8%	11.8K	0.90	17.0K
$78.00	Oct 9	0.49	0.51	$0.50	4.0%	11.4K	0.34	2.9K
$78.00	Oct 16	0.66	0.68	$0.67	3.0%	11.3K	0.36	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. 1 strikes (avg 56.1%, max 56.1%)

CALLS (0)

No calls found

PUTS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$79.00	Sep 25	Nov 6	20.6%	13.2%	56.1%	21.2K	19.0K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 108 found (best R:R 1.27, avg 2.47)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$75.00	$75.50	Nov 6	$0.22	$0.28	$0.22	90%	1.27	$75.22
$79.00	$79.50	Sep 28	$0.24	$0.26	$0.24	59%	1.08	$79.24
$80.50	$81.00	Oct 16	$0.13	$0.37	$0.13	29%	2.85	$80.63
$81.00	$81.50	Nov 6	$0.14	$0.36	$0.14	30%	2.57	$81.14
$79.00	$79.50	Sep 25	$0.21	$0.29	$0.21	87%	1.38	$79.21

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$82.50	$82.00	Nov 6	$0.27	$0.23	$0.27	82%	0.85	$82.23
$79.00	$78.00	Oct 30	$0.39	$0.61	$0.39	50%	1.56	$78.61
$80.00	$79.00	Oct 30	$0.52	$0.48	$0.52	61%	0.92	$79.48
$78.00	$77.00	Oct 30	$0.28	$0.72	$0.28	38%	2.57	$77.72
$80.00	$79.00	Sep 30	$0.57	$0.43	$0.57	72%	0.75	$79.43

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 65 found (best R:R 0.06, avg 0.44)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$81.00	$82.00	Oct 30	$0.26	$0.26	$0.74	71%	0.35	$81.26
$80.00	$81.00	Oct 30	$0.36	$0.36	$0.64	61%	0.56	$80.36
$80.00	$81.00	Sep 30	$0.16	$0.16	$0.84	72%	0.19	$80.16
$79.50	$80.00	Oct 23	$0.23	$0.23	$0.27	56%	0.85	$79.73
$80.00	$80.50	Oct 16	$0.18	$0.18	$0.32	64%	0.56	$80.18

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$74.50	$70.00	Nov 6	$0.26	$0.26	$4.24	85%	0.06	$74.24
$75.00	$70.00	Oct 30	$0.22	$0.22	$4.78	86%	0.05	$74.78
$75.00	$70.00	Oct 23	$0.17	$0.17	$4.83	88%	0.04	$74.83
$79.00	$78.00	Sep 30	$0.28	$0.28	$0.72	56%	0.39	$78.72
$78.00	$77.00	Sep 30	$0.10	$0.10	$0.90	82%	0.11	$77.90

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. 206 found (cheapest 0.30% of stock, avg 4.57%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$79.00	Sep 25	$0.22	$0.02	$0.24	$78.76	$79.24	0.30%
$79.50	Sep 25	$0.01	$0.31	$0.32	$79.18	$79.82	0.40%
$79.00	Sep 28	$0.46	$0.24	$0.70	$78.30	$79.70	0.88%
$78.50	Sep 25	$0.70	$0.01	$0.71	$77.79	$79.21	0.90%
$79.50	Sep 28	$0.22	$0.50	$0.72	$78.78	$80.22	0.91%
$80.00	Sep 25	$0.01	$0.82	$0.83	$79.17	$80.83	1.05%
$78.50	Sep 28	$0.82	$0.11	$0.93	$77.57	$79.43	1.17%
$80.00	Sep 28	$0.09	$0.87	$0.96	$79.04	$80.96	1.21%
$79.00	Sep 30	$0.66	$0.42	$1.08	$77.92	$80.08	1.36%
$78.00	Sep 25	$1.20	$0.01	$1.21	$76.79	$79.21	1.53%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 214 found (cheapest 0.04% of stock, avg 1.17%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$79.50	$79.00	Sep 25	$0.01	$0.02	$0.03	$78.97	$79.53
$80.50	$77.50	Sep 28	$0.03	$0.03	$0.06	$77.44	$80.56
$80.50	$78.00	Sep 28	$0.03	$0.05	$0.08	$77.92	$80.58
$81.00	$77.00	Sep 30	$0.07	$0.04	$0.11	$76.89	$81.11
$80.00	$77.50	Sep 28	$0.09	$0.03	$0.12	$77.38	$80.12
$81.50	$76.50	Oct 2	$0.06	$0.08	$0.14	$76.36	$81.64
$80.00	$78.00	Sep 28	$0.09	$0.05	$0.14	$77.86	$80.14
$80.50	$78.50	Sep 28	$0.03	$0.11	$0.14	$78.36	$80.64
$81.00	$76.50	Oct 2	$0.09	$0.08	$0.17	$76.33	$81.17
$81.50	$76.50	Oct 5	$0.07	$0.11	$0.18	$76.32	$81.68

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 31 found (best R:R 1.38, avg credit $0.30)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
76/76	80/81	Nov 6	$0.29	$0.21	38%	1.38	$76.21	$80.79
76/77	80/81	Nov 6	$0.31	$0.19	34%	1.63	$76.69	$80.81
77/78	80/81	Oct 23	$0.28	$0.22	37%	1.27	$77.22	$80.78
76/76	82/82	Nov 6	$0.23	$0.27	47%	0.85	$76.27	$81.73
77/78	81/82	Oct 23	$0.25	$0.25	42%	1.00	$77.25	$81.25
76/76	81/82	Nov 6	$0.25	$0.25	42%	1.00	$76.25	$81.25
76/77	82/82	Nov 6	$0.25	$0.25	43%	1.00	$76.75	$81.75
76/77	81/82	Nov 6	$0.27	$0.23	38%	1.17	$76.73	$81.27
76/77	80/81	Oct 23	$0.25	$0.25	42%	1.00	$76.75	$80.75
76/77	81/82	Oct 23	$0.22	$0.28	48%	0.79	$76.78	$81.22

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 78 found (best R:R 28.41, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$79.00	$79.50	$80.00	Sep 25	$0.21	$0.29	84%	1.38
$78.50	$79.00	$79.50	Sep 25	$0.27	$0.23	92%	0.85
$78.00	$79.00	$80.00	Sep 30	$0.28	$0.72	54%	2.57
$77.00	$78.00	$79.00	Oct 30	$0.09	$0.91	24%	10.11
$80.00	$81.00	$82.00	Sep 30	$0.11	$0.89	25%	8.09

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$65.00	$70.00	$75.00	Oct 30	$0.17	$4.83	14%	28.41
$65.00	$70.00	$75.00	Oct 23	$0.13	$4.87	12%	37.46
$79.00	$79.50	$80.00	Sep 25	$0.22	$0.28	82%	1.27
$78.50	$79.00	$79.50	Sep 25	$0.28	$0.22	91%	0.79
$78.00	$79.00	$80.00	Sep 30	$0.29	$0.71	54%	2.45

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 $-1.82, 133 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$70.00	$74.00	1:2	Sep 30	-$1.26	$2.74
$65.00	$70.00	1:2	Sep 30	-$4.17	$0.83
$65.00	$70.00	1:2	Oct 2	-$4.23	$0.77
$75.50	$77.00	1:2	Oct 7	-$0.91	$0.59
$77.00	$78.00	1:2	Sep 30	-$0.46	$0.54

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$91.00	$86.00	1:2	Nov 6	-$1.82	$3.18
$86.00	$83.00	1:2	Nov 6	-$1.80	$1.20
$86.00	$83.50	1:2	Sep 28	-$1.80	$0.70
$81.00	$80.00	1:2	Sep 30	-$0.14	$0.86
$80.00	$79.50	1:2	Sep 28	-$0.13	$0.37

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 64 found (best yield 1.68%, avg 0.44%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$79.50	Nov 6	$1.33	0.44	0.3%	1.68%	2.03%	420	266
$80.00	Nov 6	$1.10	0.39	1.0%	1.39%	2.37%	667	459
$80.50	Nov 6	$0.90	0.34	1.6%	1.14%	2.75%	44	38
$80.00	Oct 30	$1.00	0.39	1.0%	1.26%	2.25%	7.4K	3.2K
$81.00	Nov 6	$0.72	0.29	2.2%	0.91%	3.16%	562	42
$79.50	Oct 23	$1.04	0.44	0.3%	1.31%	1.67%	1.9K	1.6K
$81.00	Oct 30	$0.63	0.29	2.2%	0.80%	3.04%	1.8K	5.0K
$81.50	Nov 6	$0.58	0.25	2.9%	0.73%	3.61%	249	432
$80.00	Oct 23	$0.81	0.38	1.0%	1.02%	2.01%	1.1K	2.7K
$82.00	Nov 6	$0.46	0.21	3.5%	0.58%	4.09%	493	286

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 554,827

Total Puts 259,113

Put/Call Ratio 0.47

Net Difference 295,714

Prior's Put/Call Breakdown

Total Calls 343,778

Total Puts 192,979

Put/Call Ratio 0.56

Net Difference 150,799

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

🤖 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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