TLT - Options Database

TLT

iShares 20+ Year Treasury Bond ETF

$78.82 -0.64%

(9/25 19:01) ◀

Monday, September 28, 2026 (10:00am)

▶ (9/28 11:00)

◀ 9/28 10:00 ▶

Option Volume

Detail

ℹ

Current (09/28 10:00am) 99,537

Calls: 70,063 (70%)

Puts: 29,474 (30%)

Prior (09/25) 136,324

Calls: 108,608 (80%)

Puts: 27,716 (20%)

Current vs Prior -26.98%

Calls: -35.49% (Calls)

Puts: +6.34% (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 -82.09%

Calls: -81.22%

Puts: -83.88%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (09/28 10:00am) $5.41M

Calls: $3.21M (59%)

Puts: $2.20M (41%)

Prior (09/25) $7.14M

Calls: $4.94M (69%)

Puts: $2.19M (31%)

Current vs Prior -24.12%

Calls: -35.03%

Puts: +0.48%

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 -84.09%

Calls: -82.19%

Puts: -86.23%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (09/28 10:00am) 0.42

Prior (09/25) 0.26

Current vs Prior +64.85%

Prior 7-Day Average 0.49

Current vs Prior 7-Day Avg -14.04%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (09/28 10:00am) 3,009,708

Calls: 2,053,884 (68%)

Puts: 955,824 (32%)

Prior (09/25) 2,950,216

Calls: 1,983,260 (67%)

Puts: 966,956 (33%)

Current vs Prior +2.02%

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 -11.45%

Sentiment BEARISH

Expected Move

Detail

ℹ

3DTEWKMO Expiry (09/28) | Next (09/30)Expiry (10/02) | Next (10/09)Expiry (10/16) | Next (11/20)

Current 0.82% | 1.95%1.99% | 2.54%3.04% | 5.21%

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

Current vs Prior -29.58% | +32.63%+70.10% | +6.07%-8.40% | -1.63%

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

Current vs 7-Day Avg -22.23% | +48.67%+78.47% | +33.40%+84.34% | +36.40%

Prior 7-Day Eod 1.17% | 1.47%0.66% | 2.09%3.03% | 5.16%

Current vs 7-Day Eod -29.58% | +32.63%+203.83% | +21.24%+0.63% | +1.13%

Sentiment BULLISHBEARISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 5.79% | 2.42%

Calls: 7.89% | 3.00%

Puts: 3.70% | 1.85%

Prior 3.14% | 3.54%

Calls: 3.51% | 2.90%

Puts: 2.78% | 4.17%

Current vs Prior +84.39% | -31.64%

Prior 7-Day Avg 5.07% | 2.60%

Calls: 4.48% | 2.25%

Puts: 5.67% | 2.96%

Current vs 7-Day Avg +14.14% | -7.10%

Liquidity Good

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🤖 AI Insights

Extreme bullish P/C ratio of 0.42 - heavy call buying (70,063 calls vs 29,474 puts). P/C ratio rising 65% - increased hedging/bearish positioning. Call-heavy open interest (2,053,884 calls vs 955,824 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
16:00	BULLISH	BULLISH	BULLISH
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 326 of results (avg 2.8%, best 0.6%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$77.50	Oct 16	1.80	1.81	$1.81	0.6%	--	0.68	591
$65.00	Sep 30	13.80	13.90	$13.85	0.7%	--	1.00	73
$65.00	Oct 9	13.80	13.90	$13.85	0.7%	--	1.00	48
$79.00	Oct 30	1.27	1.28	$1.27	0.8%	556	0.46	2.8K
$77.00	Oct 30	2.52	2.54	$2.53	0.8%	88	0.70	282

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$78.50	Nov 6	1.52	1.53	$1.53	0.7%	145	0.51	677
$78.50	Oct 23	1.12	1.13	$1.13	0.9%	9	0.49	2.0K
$77.50	Nov 6	1.11	1.12	$1.12	0.9%	45	0.40	427
$90.00	Sep 28	11.10	11.20	$11.15	0.9%	3	1.00	--
$79.00	Oct 9	1.06	1.07	$1.07	0.9%	513	0.58	2.1K

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 146 found (avg $0.35, cheapest $0.09)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$79.00	Sep 28	0.08	0.09	$0.09	11.1%	1.2K	0.34	7.7K
$78.50	Sep 28	0.36	0.39	$0.38	7.9%	632	0.78	816
$80.00	Sep 30	0.09	0.10	$0.10	10.0%	1.3K	0.16	21.1K
$81.00	Oct 5	0.05	0.06	$0.06	16.7%	131	0.07	1.2K
$80.00	Oct 2	0.14	0.15	$0.15	6.7%	5.3K	0.18	23.5K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$78.50	Sep 28	0.05	0.06	$0.06	16.7%	3.0K	0.22	2.5K
$79.00	Sep 28	0.26	0.27	$0.27	3.7%	1.1K	0.66	8.3K
$78.00	Sep 30	0.16	0.17	$0.17	5.9%	1.5K	0.24	5.8K
$79.50	Sep 28	0.66	0.72	$0.69	8.7%	103	0.92	2.8K
$76.00	Oct 2	0.05	0.06	$0.06	16.7%	154	0.07	2.4K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 220 found (avg delta 0.87, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$65.00	Oct 2	13.75	13.90	$13.83	1.1%	--	1.00	108
$70.00	Oct 2	8.80	8.90	$8.85	1.1%	10	1.00	202
$71.00	Oct 2	7.80	7.90	$7.85	1.3%	--	1.00	169
$72.00	Oct 2	6.80	6.90	$6.85	1.5%	--	1.00	81
$73.00	Oct 2	5.80	5.90	$5.85	1.7%	25	1.00	232

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$80.00	Sep 28	1.15	1.20	$1.17	4.3%	134	1.00	3.2K
$80.50	Sep 28	1.64	1.72	$1.68	4.8%	352	1.00	1.6K
$81.00	Sep 28	2.14	2.22	$2.18	3.7%	151	1.00	2.1K
$81.50	Sep 28	2.63	2.72	$2.68	3.4%	--	1.00	50
$83.00	Sep 28	4.10	4.25	$4.18	3.6%	--	1.00	22

Most actively traded options today. High liquidity = easy entry/exit. 338 active (total vol 99.4K, top 6.6K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$79.00	Sep 30	0.37	0.38	$0.38	2.6%	6.6K	0.44	7.6K
$81.00	Oct 2	0.04	0.05	$0.05	20.0%	6.2K	0.07	23.3K
$80.00	Oct 2	0.14	0.15	$0.15	6.7%	5.3K	0.18	23.5K
$79.00	Oct 2	0.45	0.46	$0.46	2.2%	5.1K	0.41	2.3K
$79.50	Oct 2	0.26	0.27	$0.27	3.7%	4.4K	0.28	27.3K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$78.50	Sep 28	0.05	0.06	$0.06	16.7%	3.0K	0.22	2.5K
$78.50	Oct 16	0.99	1.00	$1.00	1.0%	1.6K	0.49	1.9K
$80.00	Oct 16	1.84	1.86	$1.85	1.1%	1.6K	0.70	40.4K
$78.00	Sep 30	0.16	0.17	$0.17	5.9%	1.5K	0.24	5.8K
$78.00	Sep 28	0.01	0.02	$0.02	50.0%	1.3K	0.06	5.1K

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 35.1%, max 49.3%)

CALLS (2)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$78.50	Sep 28	Nov 6	20.5%	13.7%	49.3%	649	919
$79.00	Sep 28	Nov 6	19.9%	16.5%	20.9%	1.3K	7.8K

PUTS (2)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$78.50	Sep 28	Nov 6	20.5%	13.7%	49.3%	3.2K	3.2K
$79.00	Sep 28	Nov 6	19.9%	16.5%	20.9%	1.2K	9.3K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 100 found (best R:R 0.56, avg 2.25)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$78.00	$79.00	Sep 30	$0.62	$0.38	$0.62	76%	0.61	$78.62
$78.50	$79.00	Sep 28	$0.29	$0.21	$0.29	78%	0.72	$78.79
$82.00	$83.00	Oct 30	$0.12	$0.88	$0.12	16%	7.33	$82.12
$79.50	$80.00	Oct 5	$0.12	$0.38	$0.12	30%	3.17	$79.62
$78.50	$79.00	Oct 2	$0.25	$0.25	$0.25	55%	1.00	$78.75

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$81.00	$78.00	Oct 12	$1.92	$1.08	$1.92	86%	0.56	$79.08
$82.00	$81.50	Nov 6	$0.33	$0.17	$0.33	82%	0.52	$81.67
$79.00	$78.00	Oct 30	$0.43	$0.57	$0.43	54%	1.33	$78.57
$78.00	$77.00	Oct 30	$0.32	$0.68	$0.32	43%	2.12	$77.68
$78.00	$77.50	Oct 23	$0.16	$0.34	$0.16	42%	2.12	$77.84

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 62 found (best R:R 0.16, avg 0.45)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$80.00	$82.00	Oct 12	$0.28	$0.28	$1.72	74%	0.16	$80.28
$79.00	$80.00	Oct 12	$0.37	$0.37	$0.63	57%	0.59	$79.37
$79.00	$80.00	Sep 30	$0.28	$0.28	$0.72	56%	0.39	$79.28
$79.00	$80.00	Oct 30	$0.44	$0.44	$0.56	54%	0.79	$79.44
$80.00	$81.00	Oct 30	$0.32	$0.32	$0.68	65%	0.47	$80.32

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$74.50	$70.00	Nov 6	$0.30	$0.30	$4.20	83%	0.07	$74.20
$75.00	$70.00	Oct 30	$0.27	$0.27	$4.73	83%	0.06	$74.73
$78.00	$77.00	Sep 30	$0.12	$0.12	$0.88	76%	0.14	$77.88
$78.00	$76.00	Oct 12	$0.44	$0.44	$1.56	60%	0.28	$77.56
$78.00	$77.50	Oct 2	$0.14	$0.14	$0.36	64%	0.39	$77.86

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $0.28, cheapest $0.27)

CALLS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$79.00	Sep 28	Sep 30	$0.29	19.9%	18.7%

PUTS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$79.00	Sep 28	Sep 30	$0.27	19.9%	18.7%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 174 found (cheapest 0.46% of stock, avg 4.60%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$79.00	Sep 28	$0.09	$0.27	$0.36	$78.64	$79.36	0.46%
$78.50	Sep 28	$0.38	$0.06	$0.44	$78.06	$78.94	0.56%
$79.50	Sep 28	$0.02	$0.69	$0.71	$78.79	$80.21	0.90%
$78.00	Sep 28	$0.84	$0.02	$0.86	$77.14	$78.86	1.09%
$79.00	Sep 30	$0.38	$0.54	$0.92	$78.08	$79.92	1.17%
$78.00	Sep 30	$1.00	$0.17	$1.17	$76.83	$79.17	1.48%
$80.00	Sep 28	$0.01	$1.17	$1.18	$78.82	$81.18	1.50%
$78.50	Oct 2	$0.71	$0.59	$1.30	$77.20	$79.80	1.65%
$79.00	Oct 2	$0.46	$0.86	$1.32	$77.68	$80.32	1.67%
$77.50	Sep 28	$1.33	$0.01	$1.34	$76.16	$78.84	1.70%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 215 found (cheapest 0.05% of stock, avg 1.28%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$79.50	$78.00	Sep 28	$0.02	$0.02	$0.04	$77.96	$79.54
$79.50	$78.50	Sep 28	$0.02	$0.06	$0.08	$78.42	$79.58
$82.00	$74.00	Oct 12	$0.07	$0.07	$0.14	$73.86	$82.14
$79.00	$78.00	Sep 28	$0.09	$0.02	$0.11	$77.89	$79.11
$81.00	$76.50	Oct 2	$0.05	$0.10	$0.15	$76.35	$81.15
$80.00	$77.00	Sep 30	$0.10	$0.05	$0.15	$76.85	$80.15
$79.00	$78.50	Sep 28	$0.09	$0.06	$0.15	$78.35	$79.15
$80.50	$76.50	Oct 2	$0.08	$0.10	$0.18	$76.32	$80.68
$82.00	$75.00	Oct 12	$0.07	$0.12	$0.19	$74.81	$82.19
$81.00	$76.50	Oct 5	$0.06	$0.13	$0.19	$76.31	$81.19

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 25 found (best R:R 1.00, avg credit $0.30)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
76/76	81/82	Nov 6	$0.25	$0.25	47%	1.00	$75.75	$81.25
76/76	80/81	Nov 6	$0.27	$0.23	43%	1.17	$75.73	$80.77
76/76	81/82	Nov 6	$0.25	$0.25	43%	1.00	$76.25	$81.25
76/77	80/80	Oct 23	$0.28	$0.22	37%	1.27	$76.72	$80.28
76/77	80/81	Oct 23	$0.25	$0.25	43%	1.00	$76.75	$80.75
76/76	80/81	Nov 6	$0.27	$0.23	39%	1.17	$76.23	$80.77
76/77	80/81	Oct 16	$0.22	$0.28	48%	0.79	$76.78	$80.72
76/77	80/80	Oct 16	$0.25	$0.25	42%	1.00	$76.75	$80.25
77/78	80/80	Oct 7	$0.26	$0.24	39%	1.08	$77.24	$79.76
77/78	80/81	Oct 16	$0.24	$0.26	42%	0.92	$77.26	$80.74

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 71 found (best R:R 1.94, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$78.00	$79.00	$80.00	Sep 30	$0.34	$0.66	60%	1.94
$76.00	$77.00	$78.00	Oct 5	$0.12	$0.88	32%	7.33
$79.00	$80.00	$81.00	Sep 30	$0.20	$0.80	41%	4.00
$77.00	$78.00	$79.00	Sep 30	$0.27	$0.73	48%	2.70
$76.00	$77.00	$78.00	Sep 30	$0.08	$0.92	21%	11.50

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$78.00	$79.00	$80.00	Sep 30	$0.34	$0.66	60%	1.94
$77.00	$78.00	$79.00	Sep 30	$0.25	$0.75	48%	3.00
$78.50	$79.00	$79.50	Sep 28	$0.21	$0.29	70%	1.38
$79.00	$79.50	$80.00	Sep 28	$0.06	$0.44	34%	7.33
$78.00	$78.50	$79.00	Sep 28	$0.17	$0.33	60%	1.94

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 $-1.21, 131 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$70.00	$74.00	1:2	Sep 30	-$0.85	$3.15
$70.00	$73.50	1:2	Oct 16	-$1.88	$1.62
$65.00	$70.00	1:2	Sep 30	-$3.85	$1.15
$65.00	$70.00	1:2	Oct 2	-$3.87	$1.13
$74.00	$76.00	1:2	Oct 9	-$0.95	$1.05

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$90.00	$85.00	1:2	Sep 28	-$1.21	$3.79
$85.00	$82.50	1:2	Nov 6	-$1.32	$1.18
$81.00	$80.00	1:2	Sep 30	-$0.31	$0.69
$83.00	$81.50	1:2	Sep 28	-$1.18	$0.32
$80.00	$79.50	1:2	Sep 28	-$0.21	$0.29

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 64 found (best yield 1.74%, avg 0.47%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$79.00	Nov 6	$1.37	0.45	0.2%	1.74%	1.97%	32	38
$79.50	Nov 6	$1.13	0.40	0.9%	1.43%	2.30%	298	543
$79.00	Oct 30	$1.27	0.46	0.2%	1.61%	1.84%	556	2.8K
$80.00	Nov 6	$0.92	0.35	1.5%	1.17%	2.66%	269	552
$80.50	Nov 6	$0.74	0.30	2.1%	0.94%	3.07%	43	59
$80.00	Oct 30	$0.82	0.35	1.5%	1.04%	2.54%	2.4K	7.6K
$81.00	Nov 6	$0.59	0.26	2.8%	0.75%	3.51%	66	530
$79.00	Oct 23	$1.07	0.45	0.2%	1.36%	1.59%	39	1.1K
$79.50	Oct 23	$0.84	0.39	0.9%	1.07%	1.93%	2.3K	2.1K
$81.50	Nov 6	$0.46	0.22	3.4%	0.58%	3.98%	521	625

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 70,063

Total Puts 29,474

Put/Call Ratio 0.42

Net Difference 40,589

Prior's Put/Call Breakdown

Total Calls 108,608

Total Puts 27,716

Put/Call Ratio 0.26

Net Difference 80,892

Prior 7-Day Put/Call Summary

Total Calls 2,611,698

Total Puts 1,279,588

Average Put/Call Ratio 0.49

Ratio Trend Rising

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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