TLT - Options Database

TLT

iShares 20+ Year Treasury Bond ETF

$78.41 -1.15%

(9/28 12:00) ◀

Monday, September 28, 2026 (1:00pm)

▶ (9/28 14:00)

◀ 9/28 13:01 ▶

Option Volume

Detail

ℹ

Current (09/28 1:00pm) 606,125

Calls: 360,730 (60%)

Puts: 245,395 (40%)

Prior (09/25) 699,994

Calls: 476,815 (68%)

Puts: 223,179 (32%)

Current vs Prior -13.41%

Calls: -24.35% (Calls)

Puts: +9.95% (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 +6.95%

Calls: -4.27%

Puts: +29.23%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (09/28 1:00pm) $36.99M

Calls: $13.05M (35%)

Puts: $23.94M (65%)

Prior (09/25) $36.17M

Calls: $20.22M (56%)

Puts: $15.96M (44%)

Current vs Prior +2.26%

Calls: -35.46%

Puts: +50.05%

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 +9.27%

Calls: -21.95%

Puts: +39.73%

Sentiment BEARISH

Put/Call Ratio

Detail

ℹ

Current (09/28 1:00pm) 0.68

Prior (09/25) 0.47

Current vs Prior +45.34%

Prior 7-Day Average 0.50

Current vs Prior 7-Day Avg +36.64%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (09/28 1:00pm) 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 0.79% | 1.94%2.05% | 2.64%3.18% | 5.42%

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

Current vs Prior -33.27% | -4.48%+219.38% | +26.16%+4.97% | +4.87%

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

Current vs 7-Day Avg -24.91% | +37.85%+99.10% | +36.61%+59.69% | +33.39%

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

Current vs 7-Day Eod -33.27% | -4.48%+213.19% | +26.15%+4.95% | +5.12%

Sentiment BULLISHBEARISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 10.73% | 2.65%

Calls: 15.91% | 2.82%

Puts: 5.56% | 2.47%

Prior 2.17% | 1.82%

Calls: 1.89% | 1.39%

Puts: 2.44% | 2.25%

Current vs Prior +394.47% | +45.60%

Prior 7-Day Avg 3.17% | 2.49%

Calls: 3.51% | 2.13%

Puts: 2.84% | 2.85%

Current vs 7-Day Avg +238.03% | +6.30%

Liquidity Good

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🤖 AI Insights

Moderately bearish flow with 65% put dollar volume ($23.94M). Bullish P/C ratio of 0.68. P/C ratio rising 45% - increased hedging/bearish positioning. Call-heavy open interest (2,053,884 calls vs 955,824 puts) suggests bullish positioning.

Smart Money BEARISH

Retail Flow BULLISH

Overall BULLISH

Dollar Volume

Option Volume

Put/Call Ratio

Open Interest

Expected Move

Current BEARISH

Prior BULLISH

7-Day Avg BEARISH

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
13:00	BEARISH	BULLISH	BULLISH
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 351 of results (avg 3.0%, best 0.7%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$78.00	Oct 23	1.46	1.47	$1.47	0.7%	860	0.53	164
$65.00	Sep 30	13.40	13.50	$13.45	0.7%	--	1.00	73
$65.00	Oct 2	13.40	13.50	$13.45	0.7%	--	1.00	108
$65.00	Oct 9	13.40	13.50	$13.45	0.7%	--	1.00	48
$77.00	Oct 30	2.29	2.31	$2.30	0.9%	299	0.65	282

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$94.00	Oct 16	15.80	15.95	$15.88	0.9%	--	0.99	284
$94.00	Sep 28	15.50	15.65	$15.58	1.0%	4	1.00	--
$78.00	Oct 16	0.99	1.00	$1.00	1.0%	9.3K	0.48	26.7K
$93.00	Oct 16	14.80	14.95	$14.88	1.0%	--	0.99	403
$93.00	Sep 28	14.50	14.65	$14.58	1.0%	8	1.00	--

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 156 found (avg $0.35, cheapest $0.09)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$78.50	Sep 28	0.08	0.09	$0.09	11.1%	20.3K	0.39	816
$78.00	Sep 28	0.40	0.47	$0.44	15.9%	4.4K	0.90	1.2K
$80.00	Sep 30	0.06	0.07	$0.07	14.3%	21.8K	0.11	21.1K
$79.00	Sep 30	0.23	0.24	$0.24	4.2%	37.4K	0.31	7.6K
$80.50	Oct 2	0.06	0.07	$0.07	14.3%	1.2K	0.09	7.4K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$78.50	Sep 28	0.17	0.18	$0.18	5.6%	11.5K	0.61	2.5K
$77.00	Sep 30	0.07	0.08	$0.08	12.5%	6.8K	0.12	2.9K
$79.00	Sep 28	0.55	0.65	$0.60	16.7%	3.3K	0.92	8.3K
$78.00	Sep 30	0.28	0.29	$0.29	3.4%	9.1K	0.36	5.8K
$75.50	Oct 2	0.05	0.06	$0.06	16.7%	359	0.07	--

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 248 found (avg delta 0.88, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$67.00	Sep 28	11.35	11.50	$11.43	1.3%	7	1.00	--
$68.00	Sep 28	10.35	10.50	$10.43	1.4%	10	1.00	--
$69.00	Sep 28	9.35	9.50	$9.43	1.6%	17	1.00	--
$70.00	Sep 28	8.35	8.50	$8.43	1.8%	14	1.00	--
$71.00	Sep 28	7.35	7.50	$7.43	2.0%	9	1.00	--

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$93.00	Sep 28	14.50	14.65	$14.58	1.0%	8	1.00	--
$94.00	Sep 28	15.50	15.65	$15.58	1.0%	4	1.00	--
$89.00	Sep 28	10.50	10.65	$10.58	1.4%	7	1.00	--
$90.00	Sep 28	11.50	11.65	$11.58	1.3%	12	1.00	--
$91.00	Sep 28	12.50	12.65	$12.58	1.2%	16	1.00	--

Most actively traded options today. High liquidity = easy entry/exit. 468 active (total vol 599.3K, top 47.0K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$79.00	Sep 30	0.23	0.24	$0.24	4.2%	37.4K	0.31	7.6K
$78.00	Sep 30	0.70	0.72	$0.71	2.8%	22.9K	0.64	527
$80.00	Sep 30	0.06	0.07	$0.07	14.3%	21.8K	0.11	21.1K
$78.50	Sep 28	0.08	0.09	$0.09	11.1%	20.3K	0.39	816
$79.00	Sep 28	0.01	0.02	$0.02	50.0%	19.9K	0.08	7.7K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$77.00	Oct 16	0.64	0.65	$0.65	1.5%	47.0K	0.34	49.2K
$79.00	Oct 16	1.50	1.52	$1.51	1.3%	46.9K	0.61	98.7K
$78.50	Sep 28	0.17	0.18	$0.18	5.6%	11.5K	0.61	2.5K
$78.00	Sep 28	0.01	0.02	$0.02	50.0%	9.7K	0.10	5.1K
$78.00	Oct 16	0.99	1.00	$1.00	1.0%	9.3K	0.48	26.7K

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 20.5%, max 20.5%)

CALLS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$78.50	Sep 28	Nov 6	20.9%	17.3%	20.5%	20.5K	919

PUTS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$78.50	Sep 28	Nov 6	20.9%	17.3%	20.5%	12.0K	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 0.67, avg 2.16)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$82.00	$83.00	Oct 30	$0.10	$0.90	$0.10	15%	9.00	$82.10
$78.00	$79.00	Sep 30	$0.47	$0.53	$0.47	64%	1.13	$78.47
$79.50	$80.00	Oct 16	$0.14	$0.36	$0.14	32%	2.57	$79.64
$77.50	$78.00	Oct 5	$0.33	$0.17	$0.33	69%	0.52	$77.83
$77.50	$78.00	Oct 9	$0.31	$0.19	$0.31	64%	0.61	$77.81

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$85.00	$82.50	Nov 6	$1.50	$1.00	$1.50	94%	0.67	$83.50
$81.50	$81.00	Nov 6	$0.25	$0.25	$0.25	80%	1.00	$81.25
$79.00	$78.00	Oct 12	$0.52	$0.48	$0.52	64%	0.92	$78.48
$79.00	$78.00	Oct 30	$0.49	$0.51	$0.49	58%	1.04	$78.51
$78.00	$77.00	Oct 30	$0.37	$0.63	$0.37	48%	1.70	$77.63

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 68 found (best R:R 0.08, avg 0.45)

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
$80.00	$81.00	Oct 30	$0.28	$0.28	$0.72	68%	0.39	$80.28
$78.50	$79.00	Nov 6	$0.25	$0.25	$0.25	54%	1.00	$78.75
$79.00	$80.00	Sep 30	$0.17	$0.17	$0.83	69%	0.20	$79.17

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$75.00	$70.00	Oct 30	$0.35	$0.35	$4.65	80%	0.08	$74.65
$74.50	$70.00	Nov 6	$0.38	$0.38	$4.12	80%	0.09	$74.12
$78.00	$77.00	Sep 30	$0.21	$0.21	$0.79	64%	0.27	$77.79
$76.00	$75.00	Oct 9	$0.12	$0.12	$0.88	82%	0.14	$75.88
$77.50	$77.00	Oct 2	$0.14	$0.14	$0.36	66%	0.39	$77.36

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $0.54, cheapest $0.42)

CALLS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$78.50	Sep 28	Oct 2	$0.42	20.9%	19.8%

PUTS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$78.50	Sep 28	Oct 2	$0.65	20.9%	19.8%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 194 found (cheapest 0.34% of stock, avg 4.75%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$78.50	Sep 28	$0.09	$0.18	$0.27	$78.23	$78.77	0.34%
$78.00	Sep 28	$0.44	$0.02	$0.46	$77.54	$78.46	0.59%
$79.00	Sep 28	$0.02	$0.60	$0.62	$78.38	$79.62	0.79%
$77.50	Sep 28	$0.91	$0.01	$0.92	$76.58	$78.42	1.17%
$78.00	Sep 30	$0.71	$0.29	$1.00	$77.00	$79.00	1.28%
$79.00	Sep 30	$0.24	$0.81	$1.05	$77.95	$80.05	1.34%
$79.50	Sep 28	$0.01	$1.09	$1.10	$78.40	$80.60	1.40%
$78.00	Oct 2	$0.78	$0.56	$1.34	$76.66	$79.34	1.71%
$78.50	Oct 2	$0.51	$0.83	$1.34	$77.16	$79.84	1.71%
$77.00	Sep 28	$1.42	$0.01	$1.43	$75.57	$78.43	1.82%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 221 found (cheapest 0.05% of stock, avg 1.35%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$79.00	$78.00	Sep 28	$0.02	$0.02	$0.04	$77.96	$79.04
$80.00	$77.00	Sep 30	$0.07	$0.08	$0.15	$76.85	$80.15
$78.50	$78.00	Sep 28	$0.09	$0.02	$0.11	$77.89	$78.61
$82.00	$74.00	Oct 12	$0.07	$0.09	$0.16	$73.84	$82.16
$80.50	$76.00	Oct 2	$0.07	$0.09	$0.16	$75.84	$80.66
$80.50	$76.00	Oct 5	$0.08	$0.12	$0.20	$75.80	$80.70
$80.00	$76.00	Oct 2	$0.12	$0.09	$0.21	$75.79	$80.21
$80.50	$76.50	Oct 2	$0.07	$0.14	$0.21	$76.29	$80.71
$81.00	$74.00	Oct 12	$0.13	$0.09	$0.22	$73.78	$81.22
$82.00	$75.00	Oct 12	$0.07	$0.15	$0.22	$74.78	$82.22

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 35 found (best R:R 1.38, 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	$0.29	$0.21	41%	1.38	$75.21	$80.29
75/76	81/82	Nov 6	$0.24	$0.26	50%	0.92	$75.26	$81.24
76/76	80/80	Nov 6	$0.30	$0.20	37%	1.50	$75.70	$80.30
76/76	81/82	Nov 6	$0.25	$0.25	46%	1.00	$75.75	$81.25
75/76	80/81	Nov 6	$0.25	$0.25	46%	1.00	$75.25	$80.75
76/76	80/81	Nov 6	$0.26	$0.24	42%	1.08	$75.74	$80.76
76/76	80/80	Oct 23	$0.29	$0.21	36%	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	41%	1.08	$76.74	$80.26
76/76	80/81	Oct 23	$0.23	$0.27	47%	0.85	$76.27	$80.73

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 78 found (best R:R 2.23, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$77.50	$78.00	$78.50	Sep 28	$0.12	$0.38	57%	3.17
$77.00	$78.00	$79.00	Sep 30	$0.33	$0.67	56%	2.03
$78.00	$79.00	$80.00	Sep 30	$0.30	$0.70	53%	2.33
$78.50	$79.00	$79.50	Sep 28	$0.06	$0.44	36%	7.33
$78.00	$78.50	$79.00	Sep 28	$0.28	$0.22	82%	0.79

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
$78.00	$78.50	$79.00	Sep 28	$0.26	$0.24	82%	0.92
$78.00	$79.00	$80.00	Sep 30	$0.30	$0.70	53%	2.33
$77.50	$78.00	$78.50	Sep 28	$0.15	$0.35	59%	2.33
$78.50	$79.00	$79.50	Sep 28	$0.07	$0.43	36%	6.14

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 154 found (best net $-0.41, 135 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$70.00	$74.00	1:2	Sep 30	-$0.41	$3.59
$70.00	$73.50	1:2	Oct 16	-$1.47	$2.03
$65.00	$70.00	1:2	Sep 30	-$3.45	$1.55
$65.00	$70.00	1:2	Oct 2	-$3.45	$1.55
$74.00	$76.00	1:2	Oct 5	-$0.49	$1.51

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$79.50	$79.00	1:2	Sep 28	-$0.11	$0.39
$81.00	$80.00	1:2	Sep 30	-$0.68	$0.32
$79.00	$78.00	1:2	Oct 12	-$0.33	$0.67
$78.00	$77.00	1:2	Oct 12	-$0.15	$0.85
$77.00	$76.00	1:2	Oct 12	-$0.06	$0.94

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 71 found (best yield 1.89%, avg 0.47%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$78.50	Nov 6	$1.48	0.46	0.1%	1.89%	2.00%	169	103
$79.00	Nov 6	$1.23	0.41	0.8%	1.57%	2.32%	346	38
$79.50	Nov 6	$1.01	0.37	1.4%	1.29%	2.68%	1.3K	543
$79.00	Oct 30	$1.13	0.42	0.8%	1.44%	2.19%	1.6K	2.8K
$80.00	Nov 6	$0.82	0.32	2.0%	1.05%	3.07%	2.4K	552
$80.00	Oct 30	$0.72	0.32	2.0%	0.92%	2.95%	6.1K	7.6K
$78.50	Oct 23	$1.17	0.47	0.1%	1.49%	1.61%	1.4K	1.0K
$80.50	Nov 6	$0.65	0.27	2.7%	0.83%	3.49%	338	59
$79.00	Oct 23	$0.93	0.41	0.8%	1.19%	1.94%	764	1.1K
$81.00	Nov 6	$0.52	0.23	3.3%	0.66%	3.97%	108	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 360,730

Total Puts 245,395

Put/Call Ratio 0.68

Net Difference 115,335

Prior's Put/Call Breakdown

Total Calls 476,815

Total Puts 223,179

Put/Call Ratio 0.47

Net Difference 253,636

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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