TLT - Options Database

TLT

iShares 20+ Year Treasury Bond ETF

$78.35 -1.23%

(9/28 11:00) ◀

Monday, September 28, 2026 (12:00pm)

▶ (9/28 13:01)

◀ 9/28 12:00 ▶

Option Volume

Detail

ℹ

Current (09/28 12:00pm) 452,725

Calls: 234,701 (52%)

Puts: 218,024 (48%)

Prior (09/25) 585,648

Calls: 404,177 (69%)

Puts: 181,471 (31%)

Current vs Prior -22.70%

Calls: -41.93% (Calls)

Puts: +20.14% (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 -20.12%

Calls: -37.72%

Puts: +14.81%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (09/28 12:00pm) $31.13M

Calls: $9.12M (29%)

Puts: $22.02M (71%)

Prior (09/25) $29.31M

Calls: $17.30M (59%)

Puts: $12.02M (41%)

Current vs Prior +6.21%

Calls: -47.29%

Puts: +83.22%

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 -8.03%

Calls: -45.45%

Puts: +28.47%

Sentiment BEARISH

Put/Call Ratio

Detail

ℹ

Current (09/28 12:00pm) 0.93

Prior (09/25) 0.45

Current vs Prior +106.90%

Prior 7-Day Average 0.50

Current vs Prior 7-Day Avg +86.57%

Sentiment NEUTRAL

Open Interest

Detail

ℹ

Current (09/28 12:00pm) 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 0.77% | 1.94%2.04% | 2.64%3.20% | 5.40%

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

Current vs Prior -35.38% | -4.42%+217.61% | +26.25%+5.88% | +4.45%

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

Current vs 7-Day Avg -27.29% | +37.93%+97.99% | +36.70%+61.08% | +32.85%

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

Current vs 7-Day Eod -35.38% | -4.42%+211.46% | +26.23%+5.87% | +4.69%

Sentiment BULLISHBEARISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 7.51% | 1.93%

Calls: 10.26% | 1.45%

Puts: 4.76% | 2.41%

Prior 2.17% | 1.82%

Calls: 1.89% | 1.39%

Puts: 2.44% | 2.25%

Current vs Prior +246.08% | +6.04%

Prior 7-Day Avg 3.17% | 2.49%

Calls: 3.51% | 2.13%

Puts: 2.84% | 2.85%

Current vs 7-Day Avg +136.59% | -22.58%

Liquidity Good

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🤖 AI Insights

Moderately bearish flow with 71% put dollar volume ($22.02M). P/C ratio rising 107% - 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
12:00	BEARISH	NEUTRAL	MIXED
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 357 of results (avg 2.7%, best 0.5%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$77.00	Oct 23	2.07	2.08	$2.08	0.5%	133	0.66	38
$78.50	Nov 6	1.45	1.46	$1.46	0.7%	64	0.46	103
$78.00	Oct 23	1.43	1.44	$1.44	0.7%	376	0.52	164
$76.50	Nov 6	2.69	2.71	$2.70	0.7%	6	0.67	6
$77.00	Nov 6	2.34	2.36	$2.35	0.9%	192	0.62	8

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$79.00	Oct 23	1.66	1.67	$1.67	0.6%	207	0.60	1.9K
$78.00	Nov 6	1.56	1.57	$1.57	0.6%	391	0.51	540
$94.00	Sep 28	15.60	15.70	$15.65	0.6%	4	1.00	--
$92.00	Sep 28	13.60	13.70	$13.65	0.7%	19	1.00	--
$78.50	Oct 16	1.26	1.27	$1.27	0.8%	2.3K	0.55	1.9K

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 156 found (avg $0.35, cheapest $0.08)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$78.50	Sep 28	0.07	0.08	$0.08	12.5%	9.4K	0.34	816
$78.00	Sep 28	0.37	0.41	$0.39	10.3%	2.8K	0.83	1.2K
$79.00	Sep 30	0.20	0.21	$0.21	4.8%	17.5K	0.29	7.6K
$80.50	Oct 2	0.05	0.06	$0.06	16.7%	1.1K	0.08	7.4K
$80.00	Oct 2	0.09	0.10	$0.10	10.0%	8.7K	0.12	23.5K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$78.50	Sep 28	0.20	0.21	$0.21	4.8%	7.8K	0.66	2.5K
$79.00	Sep 28	0.61	0.67	$0.64	9.4%	2.5K	0.96	8.3K
$77.00	Sep 30	0.09	0.10	$0.10	10.0%	5.8K	0.14	2.9K
$78.00	Sep 30	0.30	0.31	$0.31	3.2%	5.9K	0.38	5.8K
$75.50	Oct 2	0.06	0.07	$0.07	14.3%	347	0.08	--

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 245 found (avg delta 0.88, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$67.00	Sep 28	11.30	11.45	$11.38	1.3%	7	1.00	--
$68.00	Sep 28	10.30	10.45	$10.38	1.4%	10	1.00	--
$69.00	Sep 28	9.30	9.45	$9.38	1.6%	17	1.00	--
$70.00	Sep 28	8.30	8.45	$8.38	1.8%	14	1.00	--
$71.00	Sep 28	7.30	7.45	$7.38	2.0%	8	1.00	--

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$93.00	Sep 28	14.55	14.70	$14.63	1.0%	8	1.00	--
$94.00	Sep 28	15.60	15.70	$15.65	0.6%	4	1.00	--
$89.00	Sep 28	10.60	10.70	$10.65	0.9%	7	1.00	--
$90.00	Sep 28	11.55	11.70	$11.63	1.3%	12	1.00	--
$91.00	Sep 28	12.60	12.70	$12.65	0.8%	16	1.00	--

Most actively traded options today. High liquidity = easy entry/exit. 459 active (total vol 445.9K, top 46.8K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$79.00	Sep 30	0.20	0.21	$0.21	4.8%	17.5K	0.29	7.6K
$78.00	Sep 30	0.68	0.69	$0.69	1.4%	14.5K	0.62	527
$81.00	Oct 16	0.20	0.21	$0.21	4.8%	11.0K	0.15	44.8K
$79.00	Oct 2	0.28	0.30	$0.29	6.9%	10.8K	0.30	2.3K
$78.50	Sep 28	0.07	0.08	$0.08	12.5%	9.4K	0.34	816

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$79.00	Oct 16	1.53	1.55	$1.54	1.3%	46.8K	0.62	98.7K
$77.00	Oct 16	0.67	0.68	$0.68	1.5%	46.6K	0.35	49.2K
$78.00	Oct 16	1.03	1.04	$1.04	1.0%	8.7K	0.48	26.7K
$78.50	Sep 28	0.20	0.21	$0.21	4.8%	7.8K	0.66	2.5K
$78.00	Sep 28	0.03	0.04	$0.04	25.0%	7.7K	0.17	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 33.2%, max 52.8%)

CALLS (2)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$78.00	Sep 28	Nov 6	22.1%	14.4%	52.8%	3.0K	1.7K
$78.50	Sep 28	Nov 6	19.6%	17.2%	13.7%	9.4K	919

PUTS (2)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$78.00	Sep 28	Nov 6	22.1%	14.4%	52.8%	8.1K	5.6K
$78.50	Sep 28	Nov 6	19.6%	17.2%	13.7%	8.1K	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 1.50, avg 2.19)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$78.00	$78.50	Sep 28	$0.31	$0.19	$0.31	83%	0.61	$78.31
$82.00	$83.00	Oct 30	$0.10	$0.90	$0.10	14%	9.00	$82.10
$77.00	$78.00	Oct 12	$0.66	$0.34	$0.66	71%	0.52	$77.66
$79.00	$79.50	Oct 2	$0.12	$0.38	$0.12	30%	3.17	$79.12
$79.50	$80.00	Oct 7	$0.10	$0.40	$0.10	24%	4.00	$79.60

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$82.50	$82.00	Nov 6	$0.20	$0.30	$0.20	87%	1.50	$82.30
$80.00	$78.00	Oct 12	$1.25	$0.75	$1.25	80%	0.60	$78.75
$79.00	$78.00	Oct 30	$0.49	$0.51	$0.49	59%	1.04	$78.51
$78.00	$77.00	Oct 30	$0.37	$0.63	$0.37	48%	1.70	$77.63
$78.50	$78.00	Nov 6	$0.23	$0.27	$0.23	55%	1.17	$78.27

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 69 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 30	$0.41	$0.41	$0.59	58%	0.69	$79.41
$79.00	$80.00	Oct 12	$0.30	$0.30	$0.70	64%	0.43	$79.30
$79.00	$80.00	Sep 30	$0.16	$0.16	$0.84	71%	0.19	$79.16
$80.00	$81.00	Oct 30	$0.28	$0.28	$0.72	69%	0.39	$80.28
$78.50	$79.00	Nov 6	$0.25	$0.25	$0.25	54%	1.00	$78.75

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$75.00	$70.00	Oct 30	$0.37	$0.37	$4.63	80%	0.08	$74.63
$74.50	$70.00	Nov 6	$0.39	$0.39	$4.11	80%	0.09	$74.11
$78.00	$77.00	Sep 30	$0.21	$0.21	$0.79	62%	0.27	$77.79
$76.00	$75.00	Oct 12	$0.14	$0.14	$0.86	79%	0.16	$75.86
$78.00	$77.50	Oct 2	$0.20	$0.20	$0.30	53%	0.67	$77.80

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $0.52, cheapest $0.40)

CALLS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$78.50	Sep 28	Oct 2	$0.40	19.6%	19.6%

PUTS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$78.50	Sep 28	Oct 2	$0.64	19.6%	19.6%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 191 found (cheapest 0.37% of stock, avg 4.82%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$78.50	Sep 28	$0.08	$0.21	$0.29	$78.21	$78.79	0.37%
$78.00	Sep 28	$0.39	$0.04	$0.43	$77.57	$78.43	0.55%
$79.00	Sep 28	$0.01	$0.64	$0.65	$78.35	$79.65	0.83%
$77.50	Sep 28	$0.86	$0.01	$0.87	$76.63	$78.37	1.11%
$78.00	Sep 30	$0.69	$0.31	$1.00	$77.00	$79.00	1.28%
$79.00	Sep 30	$0.21	$0.83	$1.04	$77.96	$80.04	1.33%
$79.50	Sep 28	$0.01	$1.15	$1.16	$78.34	$80.66	1.48%
$78.50	Oct 2	$0.48	$0.85	$1.33	$77.17	$79.83	1.70%
$78.00	Oct 2	$0.75	$0.59	$1.34	$76.66	$79.34	1.71%
$77.00	Sep 28	$1.36	$0.01	$1.37	$75.63	$78.37	1.75%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 220 found (cheapest 0.15% of stock, avg 1.37%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$78.50	$78.00	Sep 28	$0.08	$0.04	$0.12	$77.88	$78.62
$80.00	$77.00	Sep 30	$0.05	$0.10	$0.15	$76.85	$80.15
$82.00	$74.00	Oct 12	$0.06	$0.10	$0.16	$73.84	$82.16
$80.50	$76.00	Oct 2	$0.06	$0.11	$0.17	$75.83	$80.67
$80.00	$76.00	Oct 2	$0.10	$0.11	$0.21	$75.79	$80.21
$80.50	$76.00	Oct 5	$0.07	$0.14	$0.21	$75.79	$80.71
$81.00	$74.00	Oct 12	$0.12	$0.10	$0.22	$73.78	$81.22
$82.00	$75.00	Oct 12	$0.06	$0.17	$0.23	$74.77	$82.23
$80.50	$76.50	Oct 2	$0.06	$0.17	$0.23	$76.27	$80.73
$80.00	$76.00	Oct 5	$0.12	$0.14	$0.26	$75.74	$80.26

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 37 found (best R:R 1.27, avg credit $0.32)

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
76/76	80/80	Nov 6	$0.30	$0.20	37%	1.50	$75.70	$80.30
75/76	80/81	Nov 6	$0.24	$0.26	46%	0.92	$75.26	$80.74
75/76	81/82	Nov 6	$0.22	$0.28	50%	0.79	$75.28	$81.22
76/76	80/81	Nov 6	$0.26	$0.24	42%	1.08	$75.74	$80.76
76/76	81/82	Nov 6	$0.24	$0.26	46%	0.92	$75.76	$81.24
76/76	80/80	Oct 23	$0.29	$0.21	35%	1.38	$76.21	$79.79
76/76	80/80	Oct 23	$0.26	$0.24	41%	1.08	$76.24	$80.26
76/77	80/80	Oct 16	$0.26	$0.24	40%	1.08	$76.74	$80.26
76/76	80/81	Oct 23	$0.23	$0.27	46%	0.85	$76.27	$80.73

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 69 found (best R:R 2.33, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$77.00	$78.00	$79.00	Sep 30	$0.30	$0.70	57%	2.33
$78.00	$78.50	$79.00	Sep 28	$0.24	$0.26	79%	1.08
$75.00	$76.00	$77.00	Oct 30	$0.05	$0.95	19%	19.00
$77.50	$78.00	$78.50	Sep 28	$0.16	$0.34	62%	2.13
$78.00	$79.00	$80.00	Sep 30	$0.32	$0.68	54%	2.12

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$77.50	$78.00	$78.50	Sep 28	$0.14	$0.36	63%	2.57
$77.00	$78.00	$79.00	Sep 30	$0.31	$0.69	57%	2.23
$76.00	$77.00	$78.00	Sep 30	$0.14	$0.86	33%	6.14
$78.00	$78.50	$79.00	Sep 28	$0.26	$0.24	79%	0.92
$78.00	$79.00	$80.00	Sep 30	$0.32	$0.68	54%	2.12

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 $-0.38, 132 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$70.00	$74.00	1:2	Sep 30	-$0.38	$3.62
$70.00	$73.50	1:2	Oct 16	-$1.42	$2.08
$65.00	$70.00	1:2	Sep 30	-$3.38	$1.62
$65.00	$70.00	1:2	Oct 2	-$3.38	$1.62
$74.00	$76.00	1:2	Oct 5	-$0.46	$1.54

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$79.50	$79.00	1:2	Sep 28	-$0.13	$0.37
$81.00	$80.00	1:2	Sep 30	-$0.69	$0.31
$78.00	$77.00	1:2	Oct 12	-$0.18	$0.82
$77.00	$76.00	1:2	Oct 12	-$0.09	$0.91
$85.00	$82.50	1:2	Nov 6	-$2.23	$0.27

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 68 found (best yield 1.85%, avg 0.47%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$78.50	Nov 6	$1.45	0.46	0.2%	1.85%	2.04%	64	103
$79.00	Nov 6	$1.20	0.41	0.8%	1.53%	2.36%	300	38
$79.50	Nov 6	$0.99	0.36	1.5%	1.26%	2.73%	973	543
$79.00	Oct 30	$1.11	0.41	0.8%	1.42%	2.25%	1.3K	2.8K
$80.00	Nov 6	$0.80	0.31	2.1%	1.02%	3.13%	1.4K	552
$78.50	Oct 23	$1.15	0.46	0.2%	1.47%	1.66%	1.2K	1.0K
$80.00	Oct 30	$0.70	0.31	2.1%	0.89%	3.00%	5.4K	7.6K
$80.50	Nov 6	$0.63	0.27	2.7%	0.80%	3.55%	325	59
$79.00	Oct 23	$0.91	0.40	0.8%	1.16%	1.99%	476	1.1K
$81.00	Nov 6	$0.50	0.23	3.4%	0.64%	4.02%	97	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 234,701

Total Puts 218,024

Put/Call Ratio 0.93

Net Difference 16,677

Prior's Put/Call Breakdown

Total Calls 404,177

Total Puts 181,471

Put/Call Ratio 0.45

Net Difference 222,706

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 - 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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