TLT - Options Database

TLT

iShares 20+ Year Treasury Bond ETF

$78.30 -1.29%

(9/28 10:00) ◀

Monday, September 28, 2026 (11:00am)

▶ (9/28 12:00)

◀ 9/28 11:00 ▶

Option Volume

Detail

ℹ

Current (09/28 11:00am) 346,131

Calls: 175,102 (51%)

Puts: 171,029 (49%)

Prior (09/25) 432,363

Calls: 281,224 (65%)

Puts: 151,139 (35%)

Current vs Prior -19.94%

Calls: -37.74% (Calls)

Puts: +13.16% (Puts)

Prior 7-Day Total 3,967,071

Calls: 2,637,830 (66%)

Puts: 1,329,241 (34%)

Prior 7-Day Average 566,724

Calls: 376,832 (66%)

Puts: 189,891 (34%)

Current vs Prior 7-Day Avg -38.92%

Calls: -53.53%

Puts: -9.93%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (09/28 11:00am) $25.29M

Calls: $6.85M (27%)

Puts: $18.44M (73%)

Prior (09/25) $23.29M

Calls: $11.67M (50%)

Puts: $11.62M (50%)

Current vs Prior +8.60%

Calls: -41.27%

Puts: +58.66%

Prior 7-Day Total $236.97M

Calls: $117.01M (49%)

Puts: $119.96M (51%)

Prior 7-Day Average $33.85M

Calls: $16.72M (49%)

Puts: $17.14M (51%)

Current vs Prior 7-Day Avg -25.29%

Calls: -59.00%

Puts: +7.60%

Sentiment BEARISH

Put/Call Ratio

Detail

ℹ

Current (09/28 11:00am) 0.98

Prior (09/25) 0.54

Current vs Prior +81.74%

Prior 7-Day Average 0.50

Current vs Prior 7-Day Avg +96.18%

Sentiment NEUTRAL

Open Interest

Detail

ℹ

Current (09/28 11:00am) 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 22,523,882

Calls: 14,818,347 (66%)

Puts: 7,705,535 (34%)

Prior 7-Day Average 3,217,697

Calls: 2,116,906 (66%)

Puts: 1,100,790 (34%)

Current vs Prior 7-Day Avg -6.46%

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 0.79% | 1.95%2.09% | 2.72%3.28% | 5.47%

Prior 1.18% | 2.03%0.64% | 2.09%3.03% | 5.17%

Current vs Prior -33.17% | -3.72%+225.79% | +30.00%+8.49% | +5.76%

Prior 7-Day Avg 1.05% | 1.41%1.03% | 1.93%1.99% | 4.06%

Current vs 7-Day Avg -24.81% | +38.95%+103.09% | +40.77%+65.05% | +34.53%

Prior 7-Day Eod 1.18% | 2.03%0.66% | 2.09%3.03% | 5.16%

Current vs 7-Day Eod -33.17% | -3.72%+219.48% | +29.98%+8.48% | +6.01%

Sentiment BULLISHBEARISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 6.56% | 1.91%

Calls: 5.71% | 1.54%

Puts: 7.41% | 2.27%

Prior 2.17% | 1.82%

Calls: 1.89% | 1.39%

Puts: 2.44% | 2.25%

Current vs Prior +202.30% | +4.95%

Prior 7-Day Avg 3.17% | 2.49%

Calls: 3.51% | 2.13%

Puts: 2.84% | 2.85%

Current vs 7-Day Avg +106.66% | -23.38%

Liquidity Good

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🤖 AI Insights

Moderately bearish flow with 73% put dollar volume ($18.44M). P/C ratio rising 82% - increased hedging/bearish positioning. Call-heavy open interest (2,053,884 calls vs 955,824 puts) suggests bullish positioning.

Smart Money BEARISH

Retail Flow NEUTRAL

Overall MIXED

Dollar Volume

Option Volume

Put/Call Ratio

Open Interest

Expected Move

Current BEARISH

Prior BULLISH

7-Day Avg BEARISH

Current NEUTRAL

Prior BULLISH

7-Day Avg NEUTRAL

Current NEUTRAL

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	BEARISH	NEUTRAL	MIXED
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 0.4%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$76.50	Oct 23	2.41	2.42	$2.42	0.4%	--	0.70	19
$77.00	Oct 23	2.06	2.07	$2.07	0.5%	3	0.65	38
$77.00	Oct 16	1.87	1.88	$1.88	0.5%	155	0.66	825
$77.50	Oct 23	1.73	1.74	$1.74	0.6%	33	0.58	101
$76.00	Oct 30	2.96	2.98	$2.97	0.7%	1	0.73	58

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$93.00	Oct 16	14.90	15.05	$14.98	1.0%	--	0.99	403
$93.00	Sep 28	14.65	14.80	$14.73	1.0%	8	1.00	--
$92.00	Oct 9	13.90	14.05	$13.98	1.1%	--	0.99	45
$92.00	Oct 16	13.90	14.05	$13.98	1.1%	--	0.99	483
$78.50	Nov 6	1.85	1.87	$1.86	1.1%	226	0.55	677

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 158 found (avg $0.35, cheapest $0.06)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$78.50	Sep 28	0.07	0.08	$0.08	12.5%	4.3K	0.30	816
$78.00	Sep 28	0.34	0.36	$0.35	5.7%	1.1K	0.77	1.2K
$79.00	Sep 30	0.19	0.20	$0.20	5.0%	15.3K	0.27	7.6K
$80.50	Oct 2	0.05	0.06	$0.06	16.7%	985	0.07	7.4K
$77.50	Sep 28	0.76	0.83	$0.80	8.7%	204	0.97	103

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$78.00	Sep 28	0.05	0.06	$0.06	16.7%	6.2K	0.23	5.1K
$78.50	Sep 28	0.26	0.28	$0.27	7.4%	6.8K	0.70	2.5K
$77.00	Sep 30	0.10	0.11	$0.11	9.1%	4.8K	0.15	2.9K
$79.00	Sep 28	0.69	0.76	$0.73	9.6%	1.7K	0.93	8.3K
$78.00	Sep 30	0.33	0.34	$0.34	2.9%	3.5K	0.40	5.8K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 238 found (avg delta 0.88, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$65.00	Oct 2	13.25	13.35	$13.30	0.8%	--	1.00	108
$70.00	Oct 2	8.25	8.35	$8.30	1.2%	20	1.00	202
$71.00	Oct 2	7.25	7.35	$7.30	1.4%	--	1.00	169
$72.00	Oct 2	6.25	6.35	$6.30	1.6%	--	1.00	81
$73.00	Oct 2	5.25	5.35	$5.30	1.9%	25	1.00	232

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$79.50	Sep 28	1.17	1.26	$1.21	7.4%	203	1.00	2.8K
$80.00	Sep 28	1.66	1.76	$1.71	5.8%	222	1.00	3.2K
$80.50	Sep 28	2.17	2.26	$2.22	4.1%	378	1.00	1.6K
$81.00	Sep 28	2.67	2.76	$2.72	3.3%	156	1.00	2.1K
$81.50	Sep 28	3.15	3.30	$3.22	4.7%	11	1.00	50

Most actively traded options today. High liquidity = easy entry/exit. 425 active (total vol 343.8K, top 41.3K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$79.00	Sep 30	0.19	0.20	$0.20	5.0%	15.3K	0.27	7.6K
$81.00	Oct 16	0.20	0.21	$0.21	4.8%	9.7K	0.15	44.8K
$79.00	Oct 2	0.28	0.29	$0.29	3.4%	9.5K	0.29	2.3K
$78.00	Sep 30	0.64	0.65	$0.65	1.5%	8.6K	0.60	527
$80.00	Oct 2	0.09	0.10	$0.10	10.0%	7.5K	0.12	23.5K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$77.00	Oct 16	0.71	0.72	$0.72	1.4%	41.3K	0.36	49.2K
$79.00	Oct 16	1.59	1.62	$1.61	1.9%	40.5K	0.63	98.7K
$78.50	Sep 28	0.26	0.28	$0.27	7.4%	6.8K	0.70	2.5K
$78.00	Sep 28	0.05	0.06	$0.06	16.7%	6.2K	0.23	5.1K
$77.00	Sep 30	0.10	0.11	$0.11	9.1%	4.8K	0.15	2.9K

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 31.5%, max 44.7%)

CALLS (2)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$78.00	Sep 28	Nov 6	21.1%	14.6%	44.7%	1.1K	1.7K
$78.50	Sep 28	Nov 6	20.6%	17.4%	18.3%	4.4K	919

PUTS (2)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$78.00	Sep 28	Nov 6	21.1%	14.6%	44.7%	6.3K	5.6K
$78.50	Sep 28	Nov 6	20.6%	17.4%	18.3%	7.0K	3.2K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 113 found (best R:R 2.85, avg 2.14)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$78.00	$78.50	Sep 28	$0.27	$0.23	$0.27	77%	0.85	$78.27
$80.00	$80.50	Oct 16	$0.11	$0.39	$0.11	25%	3.55	$80.11
$79.50	$80.00	Oct 7	$0.10	$0.40	$0.10	24%	4.00	$79.60
$80.50	$81.00	Nov 6	$0.13	$0.37	$0.13	26%	2.85	$80.63
$81.00	$81.50	Nov 6	$0.11	$0.39	$0.11	22%	3.55	$81.11

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$82.50	$82.00	Nov 6	$0.13	$0.37	$0.13	86%	2.85	$82.37
$81.50	$81.00	Nov 6	$0.22	$0.28	$0.22	81%	1.27	$81.28
$78.00	$77.00	Oct 30	$0.38	$0.62	$0.38	49%	1.63	$77.62
$79.00	$78.00	Oct 30	$0.50	$0.50	$0.50	59%	1.00	$78.50
$79.00	$78.00	Sep 30	$0.54	$0.46	$0.54	72%	0.85	$78.46

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 70 found (best R:R 0.08, avg 0.44)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$79.00	$80.00	Oct 12	$0.29	$0.29	$0.71	65%	0.41	$79.29
$79.00	$80.00	Oct 30	$0.39	$0.39	$0.61	59%	0.64	$79.39
$79.00	$80.00	Sep 30	$0.15	$0.15	$0.85	73%	0.18	$79.15
$80.00	$81.00	Oct 30	$0.28	$0.28	$0.72	69%	0.39	$80.28
$79.50	$80.00	Nov 6	$0.19	$0.19	$0.31	64%	0.61	$79.69

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$75.00	$70.00	Oct 30	$0.39	$0.39	$4.61	79%	0.08	$74.61
$74.50	$70.00	Nov 6	$0.41	$0.41	$4.09	79%	0.10	$74.09
$78.00	$77.00	Sep 30	$0.23	$0.23	$0.77	60%	0.30	$77.77
$77.50	$77.00	Oct 2	$0.15	$0.15	$0.35	63%	0.43	$77.35
$77.00	$76.50	Oct 2	$0.10	$0.10	$0.40	74%	0.25	$76.90

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $0.52, cheapest $0.39)

CALLS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$78.50	Sep 28	Oct 2	$0.39	20.6%	20.1%

PUTS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$78.50	Sep 28	Oct 2	$0.64	20.6%	20.1%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 187 found (cheapest 0.45% of stock, avg 4.84%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$78.50	Sep 28	$0.08	$0.27	$0.35	$78.15	$78.85	0.45%
$78.00	Sep 28	$0.35	$0.06	$0.41	$77.59	$78.41	0.52%
$79.00	Sep 28	$0.02	$0.73	$0.75	$78.25	$79.75	0.96%
$77.50	Sep 28	$0.80	$0.01	$0.81	$76.69	$78.31	1.03%
$78.00	Sep 30	$0.65	$0.34	$0.99	$77.01	$78.99	1.26%
$79.00	Sep 30	$0.20	$0.88	$1.08	$77.92	$80.08	1.38%
$79.50	Sep 28	$0.01	$1.21	$1.22	$78.28	$80.72	1.56%
$77.00	Sep 28	$1.29	$0.01	$1.30	$75.70	$78.30	1.66%
$78.00	Oct 2	$0.73	$0.63	$1.36	$76.64	$79.36	1.74%
$78.50	Oct 2	$0.47	$0.91	$1.38	$77.12	$79.88	1.76%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 223 found (cheapest 0.11% of stock, avg 1.43%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$80.00	$76.00	Sep 30	$0.05	$0.04	$0.09	$75.91	$80.09
$79.00	$78.00	Sep 28	$0.02	$0.06	$0.08	$77.92	$79.08
$78.50	$78.00	Sep 28	$0.08	$0.06	$0.14	$77.86	$78.64
$80.00	$77.00	Sep 30	$0.05	$0.11	$0.16	$76.84	$80.16
$80.50	$76.00	Oct 2	$0.06	$0.11	$0.17	$75.83	$80.67
$82.00	$74.00	Oct 12	$0.07	$0.11	$0.18	$73.82	$82.18
$80.00	$76.00	Oct 2	$0.10	$0.11	$0.21	$75.79	$80.21
$81.00	$74.00	Oct 12	$0.13	$0.11	$0.24	$73.76	$81.24
$80.50	$76.00	Oct 5	$0.08	$0.16	$0.24	$75.76	$80.74
$80.50	$76.50	Oct 2	$0.06	$0.18	$0.24	$76.26	$80.74

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 37 found (best R:R 1.27, avg credit $0.33)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
75/76	80/80	Nov 6	$0.28	$0.22	41%	1.27	$75.22	$80.28
75/76	81/82	Nov 6	$0.23	$0.27	49%	0.85	$75.27	$81.23
75/76	80/81	Nov 6	$0.25	$0.25	45%	1.00	$75.25	$80.75
76/76	80/80	Oct 23	$0.30	$0.20	35%	1.50	$76.20	$79.80
76/76	80/80	Nov 6	$0.29	$0.21	37%	1.38	$75.71	$80.29
76/76	80/80	Oct 23	$0.27	$0.23	40%	1.17	$76.23	$80.27
76/76	80/80	Oct 16	$0.25	$0.25	44%	1.00	$75.75	$79.75
76/76	81/82	Nov 6	$0.24	$0.26	45%	0.92	$75.76	$81.24
76/76	80/81	Nov 6	$0.26	$0.24	41%	1.08	$75.74	$80.76
76/76	80/80	Oct 16	$0.21	$0.29	51%	0.72	$75.79	$80.21

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 71 found (best R:R 2.23, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$77.00	$78.00	$79.00	Sep 30	$0.32	$0.68	57%	2.13
$77.50	$78.00	$78.50	Sep 28	$0.18	$0.32	67%	1.78
$76.00	$77.00	$78.00	Sep 30	$0.15	$0.85	34%	5.67
$76.00	$77.00	$78.00	Oct 30	$0.08	$0.92	22%	11.50
$78.00	$78.50	$79.00	Sep 28	$0.21	$0.29	70%	1.38

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$77.00	$78.00	$79.00	Sep 30	$0.31	$0.69	57%	2.23
$77.50	$78.00	$78.50	Sep 28	$0.16	$0.34	67%	2.12
$76.00	$77.00	$78.00	Sep 30	$0.16	$0.84	34%	5.25
$75.00	$76.00	$77.00	Oct 12	$0.09	$0.91	21%	10.11
$76.00	$77.00	$78.00	Oct 30	$0.09	$0.91	20%	10.11

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 150 found (best net $-0.08, 128 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$70.00	$74.00	1:2	Sep 30	-$0.30	$3.70
$70.00	$73.50	1:2	Oct 16	-$1.38	$2.12
$65.00	$70.00	1:2	Sep 30	-$3.27	$1.73
$65.00	$70.00	1:2	Oct 2	-$3.30	$1.70
$74.00	$76.00	1:2	Oct 5	-$0.42	$1.58

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$87.00	$82.50	1:2	Oct 5	-$0.08	$4.42
$79.50	$79.00	1:2	Sep 28	-$0.25	$0.25
$85.00	$82.50	1:2	Nov 6	-$2.13	$0.37
$81.00	$80.00	1:2	Sep 30	-$0.76	$0.24
$78.00	$77.00	1:2	Oct 12	-$0.19	$0.81

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 70 found (best yield 1.84%, avg 0.47%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$78.50	Nov 6	$1.44	0.45	0.3%	1.84%	2.09%	41	103
$79.00	Nov 6	$1.20	0.40	0.9%	1.53%	2.43%	132	38
$79.50	Nov 6	$0.99	0.36	1.5%	1.26%	2.80%	578	543
$79.00	Oct 30	$1.10	0.41	0.9%	1.40%	2.30%	697	2.8K
$80.00	Nov 6	$0.80	0.31	2.2%	1.02%	3.19%	980	552
$78.50	Oct 23	$1.15	0.45	0.3%	1.47%	1.72%	1.1K	1.0K
$80.00	Oct 30	$0.71	0.31	2.2%	0.91%	3.08%	4.7K	7.6K
$80.50	Nov 6	$0.64	0.27	2.8%	0.82%	3.63%	316	59
$79.00	Oct 23	$0.91	0.39	0.9%	1.16%	2.06%	334	1.1K
$81.00	Nov 6	$0.51	0.23	3.5%	0.65%	4.10%	81	530

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 175,102

Total Puts 171,029

Put/Call Ratio 0.98

Net Difference 4,073

Prior's Put/Call Breakdown

Total Calls 281,224

Total Puts 151,139

Put/Call Ratio 0.54

Net Difference 130,085

Prior 7-Day Put/Call Summary

Total Calls 2,637,830

Total Puts 1,329,241

Average Put/Call Ratio 0.50

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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