TLT - Options Database

TLT

iShares 20+ Year Treasury Bond ETF

$78.59 -0.92%

(9/28 13:01) ◀

Monday, September 28, 2026 (2:00pm)

▶ (9/28 15:01)

◀ 9/28 14:00 ▶

Option Volume

Detail

ℹ

Current (09/28 2:00pm) 685,093

Calls: 417,617 (61%)

Puts: 267,476 (39%)

Prior (09/25) 751,145

Calls: 516,450 (69%)

Puts: 234,695 (31%)

Current vs Prior -8.79%

Calls: -19.14% (Calls)

Puts: +13.97% (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 +20.89%

Calls: +10.82%

Puts: +40.86%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (09/28 2:00pm) $39.07M

Calls: $16.24M (42%)

Puts: $22.83M (58%)

Prior (09/25) $38.72M

Calls: $21.49M (56%)

Puts: $17.22M (44%)

Current vs Prior +0.91%

Calls: -24.43%

Puts: +32.54%

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 +15.41%

Calls: -2.83%

Puts: +33.20%

Sentiment BEARISH

Put/Call Ratio

Detail

ℹ

Current (09/28 2:00pm) 0.64

Prior (09/25) 0.45

Current vs Prior +40.94%

Prior 7-Day Average 0.50

Current vs Prior 7-Day Avg +28.65%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (09/28 2:00pm) 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 0.75% | 1.92%2.05% | 2.56%3.08% | 5.28%

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

Current vs Prior -36.64% | -5.33%+218.65% | +22.23%+1.78% | +2.17%

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

Current vs 7-Day Avg -28.71% | +36.62%+98.64% | +32.35%+54.85% | +29.96%

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

Current vs 7-Day Eod -36.64% | -5.33%+212.48% | +22.21%+1.77% | +2.41%

Sentiment BULLISHBEARISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 8.57% | 2.67%

Calls: 12.50% | 2.41%

Puts: 4.65% | 2.94%

Prior 2.17% | 1.82%

Calls: 1.89% | 1.39%

Puts: 2.44% | 2.25%

Current vs Prior +294.93% | +46.70%

Prior 7-Day Avg 3.17% | 2.49%

Calls: 3.51% | 2.13%

Puts: 2.84% | 2.85%

Current vs 7-Day Avg +169.98% | +7.11%

Liquidity Good

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🤖 AI Insights

Bullish P/C ratio of 0.64. P/C ratio rising 41% - 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
14:00	BEARISH	BULLISH	BULLISH
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 358 of results (avg 3.1%, best 0.7%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$77.00	Oct 30	2.38	2.40	$2.39	0.8%	300	0.67	282
$65.00	Sep 30	13.55	13.70	$13.63	1.1%	--	1.00	73
$65.00	Oct 2	13.55	13.70	$13.63	1.1%	--	1.00	108
$65.00	Oct 9	13.55	13.70	$13.63	1.1%	--	1.00	48
$65.00	Oct 16	13.55	13.70	$13.63	1.1%	--	1.00	35

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$80.50	Nov 6	2.82	2.84	$2.83	0.7%	265	0.71	80
$80.00	Nov 6	2.48	2.50	$2.49	0.8%	8	0.67	220
$79.50	Nov 6	2.17	2.19	$2.18	0.9%	4	0.62	602
$94.00	Oct 16	15.60	15.75	$15.68	1.0%	--	0.99	284
$93.00	Oct 16	14.60	14.75	$14.68	1.0%	--	0.99	403

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 152 found (avg $0.34, cheapest $0.07)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$78.50	Sep 28	0.15	0.17	$0.16	12.5%	23.6K	0.64	816
$80.00	Sep 30	0.07	0.08	$0.08	12.5%	23.1K	0.13	21.1K
$78.00	Sep 28	0.59	0.62	$0.61	4.9%	6.2K	0.92	1.2K
$79.00	Sep 30	0.28	0.29	$0.29	3.4%	42.2K	0.36	7.6K
$80.50	Oct 2	0.07	0.08	$0.08	12.5%	3.2K	0.10	7.4K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$78.50	Sep 28	0.06	0.07	$0.07	14.3%	13.9K	0.36	2.5K
$79.00	Sep 28	0.42	0.44	$0.43	4.7%	3.7K	0.86	8.3K
$77.00	Sep 30	0.05	0.06	$0.06	16.7%	9.3K	0.10	2.9K
$78.00	Sep 30	0.21	0.22	$0.22	4.5%	11.4K	0.30	5.8K
$76.00	Oct 2	0.06	0.07	$0.07	14.3%	1.2K	0.08	2.4K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 249 found (avg delta 0.88, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$67.00	Sep 28	11.55	11.70	$11.63	1.3%	8	1.00	--
$68.00	Sep 28	10.55	10.70	$10.63	1.4%	11	1.00	--
$69.00	Sep 28	9.55	9.70	$9.63	1.6%	23	1.00	--
$70.00	Sep 28	8.55	8.70	$8.63	1.7%	20	1.00	--
$71.00	Sep 28	7.55	7.70	$7.63	2.0%	9	1.00	--

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$93.00	Sep 28	14.30	14.50	$14.40	1.4%	8	1.00	--
$94.00	Sep 28	15.30	15.50	$15.40	1.3%	4	1.00	--
$89.00	Sep 28	10.30	10.45	$10.38	1.4%	7	1.00	--
$90.00	Sep 28	11.30	11.45	$11.38	1.3%	12	1.00	--
$91.00	Sep 28	12.30	12.50	$12.40	1.6%	16	1.00	--

Most actively traded options today. High liquidity = easy entry/exit. 477 active (total vol 678.1K, top 47.1K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$79.00	Sep 30	0.28	0.29	$0.29	3.4%	42.2K	0.36	7.6K
$79.00	Sep 28	0.02	0.03	$0.03	33.3%	34.1K	0.14	7.7K
$78.00	Sep 30	0.82	0.84	$0.83	2.4%	25.4K	0.70	527
$78.50	Sep 28	0.15	0.17	$0.16	12.5%	23.6K	0.64	816
$80.00	Sep 30	0.07	0.08	$0.08	12.5%	23.1K	0.13	21.1K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$77.00	Oct 16	0.55	0.57	$0.56	3.6%	47.1K	0.31	49.2K
$79.00	Oct 16	1.35	1.38	$1.37	2.2%	46.9K	0.59	98.7K
$78.50	Sep 28	0.06	0.07	$0.07	14.3%	13.9K	0.36	2.5K
$78.00	Sep 28	0.01	0.02	$0.02	50.0%	13.2K	0.08	5.1K
$78.00	Sep 30	0.21	0.22	$0.22	4.5%	11.4K	0.30	5.8K

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 25.4%, max 25.4%)

CALLS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$78.50	Sep 28	Nov 6	21.2%	16.9%	25.4%	23.8K	919

PUTS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$78.50	Sep 28	Nov 6	21.2%	16.9%	25.4%	14.4K	3.2K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 103 found (best R:R 1.94, avg 2.24)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$78.00	$79.00	Sep 30	$0.54	$0.46	$0.54	70%	0.85	$78.54
$78.50	$79.00	Sep 28	$0.13	$0.37	$0.13	64%	2.85	$78.63
$79.50	$80.00	Oct 7	$0.11	$0.39	$0.11	28%	3.55	$79.61
$82.00	$83.00	Oct 30	$0.11	$0.89	$0.11	15%	8.09	$82.11
$79.00	$79.50	Oct 5	$0.15	$0.35	$0.15	36%	2.33	$79.15

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$78.00	$77.00	Oct 30	$0.34	$0.66	$0.34	46%	1.94	$77.66
$79.00	$78.00	Oct 12	$0.49	$0.51	$0.49	62%	1.04	$78.51
$79.00	$78.00	Oct 30	$0.47	$0.53	$0.47	56%	1.13	$78.53
$78.50	$78.00	Oct 23	$0.21	$0.29	$0.21	52%	1.38	$78.29
$78.00	$77.50	Oct 23	$0.18	$0.32	$0.18	45%	1.78	$77.82

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 64 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	$0.42	$0.42	$0.58	56%	0.72	$79.42
$80.00	$81.00	Oct 30	$0.30	$0.30	$0.70	67%	0.43	$80.30
$79.00	$80.00	Oct 12	$0.32	$0.32	$0.68	61%	0.47	$79.32
$79.00	$80.00	Sep 30	$0.21	$0.21	$0.79	64%	0.27	$79.21
$79.00	$79.50	Nov 6	$0.23	$0.23	$0.27	57%	0.85	$79.23

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$74.50	$70.00	Nov 6	$0.33	$0.33	$4.17	82%	0.08	$74.17
$75.00	$70.00	Oct 30	$0.30	$0.30	$4.70	82%	0.06	$74.70
$78.00	$77.00	Sep 30	$0.16	$0.16	$0.84	70%	0.19	$77.84
$78.50	$78.00	Oct 2	$0.24	$0.24	$0.26	47%	0.92	$78.26
$78.00	$77.50	Oct 2	$0.17	$0.17	$0.33	59%	0.52	$77.83

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $0.54, cheapest $0.43)

CALLS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$78.50	Sep 28	Oct 2	$0.43	21.2%	19.5%

PUTS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$78.50	Sep 28	Oct 2	$0.64	21.2%	19.5%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 195 found (cheapest 0.29% of stock, avg 4.68%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$78.50	Sep 28	$0.16	$0.07	$0.23	$78.27	$78.73	0.29%
$79.00	Sep 28	$0.03	$0.43	$0.46	$78.54	$79.46	0.59%
$78.00	Sep 28	$0.61	$0.02	$0.63	$77.37	$78.63	0.80%
$79.50	Sep 28	$0.01	$0.91	$0.92	$78.58	$80.42	1.17%
$79.00	Sep 30	$0.29	$0.68	$0.97	$78.03	$79.97	1.23%
$78.00	Sep 30	$0.83	$0.22	$1.05	$76.95	$79.05	1.34%
$77.50	Sep 28	$1.10	$0.01	$1.11	$76.39	$78.61	1.41%
$78.50	Oct 2	$0.59	$0.71	$1.30	$77.20	$79.80	1.65%
$78.00	Oct 2	$0.89	$0.47	$1.36	$76.64	$79.36	1.73%
$79.00	Oct 2	$0.37	$1.02	$1.39	$77.61	$80.39	1.77%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 221 found (cheapest 0.06% of stock, avg 1.32%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$79.00	$78.00	Sep 28	$0.03	$0.02	$0.05	$77.95	$79.05
$79.00	$78.50	Sep 28	$0.03	$0.07	$0.10	$78.40	$79.10
$82.00	$74.00	Oct 12	$0.07	$0.07	$0.14	$73.86	$82.14
$80.00	$77.00	Sep 30	$0.08	$0.06	$0.14	$76.86	$80.14
$80.50	$76.00	Oct 2	$0.08	$0.07	$0.15	$75.85	$80.65
$80.50	$76.00	Oct 5	$0.09	$0.10	$0.19	$75.81	$80.69
$80.50	$76.50	Oct 2	$0.08	$0.12	$0.20	$76.30	$80.70
$82.00	$75.00	Oct 12	$0.07	$0.13	$0.20	$74.80	$82.20
$80.00	$76.00	Oct 2	$0.13	$0.07	$0.20	$75.80	$80.20
$81.00	$74.00	Oct 12	$0.14	$0.07	$0.21	$73.79	$81.21

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 32 found (best R:R 1.38, avg credit $0.33)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
76/76	80/80	Nov 6	$0.29	$0.21	38%	1.38	$75.71	$80.29
76/76	81/82	Nov 6	$0.24	$0.26	47%	0.92	$75.76	$81.24
76/76	80/81	Nov 6	$0.26	$0.24	43%	1.08	$75.74	$80.76
76/76	80/80	Nov 6	$0.30	$0.20	34%	1.50	$76.20	$80.30
76/77	80/80	Oct 23	$0.28	$0.22	37%	1.27	$76.72	$80.28
76/76	81/82	Nov 6	$0.25	$0.25	43%	1.00	$76.25	$81.25
76/76	80/81	Nov 6	$0.27	$0.23	38%	1.17	$76.23	$80.77
76/76	80/80	Oct 23	$0.25	$0.25	42%	1.00	$76.25	$80.25
76/77	80/80	Oct 16	$0.25	$0.25	42%	1.00	$76.75	$80.25
76/77	80/80	Oct 16	$0.28	$0.22	35%	1.27	$76.72	$79.78

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 70 found (best R:R 3.55, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$78.50	$79.00	$79.50	Sep 28	$0.11	$0.39	61%	3.55
$78.00	$79.00	$80.00	Sep 30	$0.33	$0.67	58%	2.03
$77.00	$78.00	$79.00	Oct 12	$0.17	$0.83	38%	4.88
$77.00	$78.00	$79.00	Sep 30	$0.31	$0.69	54%	2.23
$79.00	$80.00	$81.00	Sep 30	$0.15	$0.85	33%	5.67

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$78.50	$79.00	$79.50	Sep 28	$0.12	$0.38	61%	3.17
$78.00	$79.00	$80.00	Sep 30	$0.32	$0.68	58%	2.13
$77.00	$78.00	$79.00	Sep 30	$0.30	$0.70	54%	2.33
$76.00	$77.00	$78.00	Sep 30	$0.12	$0.88	27%	7.33
$79.00	$80.00	$81.00	Sep 30	$0.17	$0.83	33%	4.88

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 151 found (best net $-0.63, 131 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$70.00	$74.00	1:2	Sep 30	-$0.63	$3.37
$70.00	$73.50	1:2	Oct 16	-$1.63	$1.87
$65.00	$70.00	1:2	Sep 30	-$3.63	$1.37
$65.00	$70.00	1:2	Oct 2	-$3.63	$1.37
$74.00	$76.00	1:2	Oct 5	-$0.67	$1.33

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$81.00	$80.00	1:2	Sep 30	-$0.51	$0.49
$79.00	$78.00	1:2	Oct 12	-$0.25	$0.75
$78.00	$77.00	1:2	Oct 12	-$0.10	$0.90
$80.00	$79.00	1:2	Oct 12	-$0.54	$0.46
$80.00	$79.50	1:2	Sep 28	-$0.41	$0.09

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 64 found (best yield 1.62%, avg 0.43%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$79.00	Nov 6	$1.27	0.43	0.5%	1.62%	2.14%	346	38
$79.50	Nov 6	$1.04	0.38	1.2%	1.32%	2.48%	1.4K	543
$79.00	Oct 30	$1.17	0.44	0.5%	1.49%	2.01%	1.8K	2.8K
$80.00	Nov 6	$0.84	0.33	1.8%	1.07%	2.86%	2.5K	552
$80.00	Oct 30	$0.75	0.33	1.8%	0.95%	2.75%	6.3K	7.6K
$80.50	Nov 6	$0.67	0.28	2.4%	0.85%	3.28%	431	59
$79.00	Oct 23	$0.97	0.43	0.5%	1.23%	1.76%	773	1.1K
$81.00	Nov 6	$0.53	0.24	3.1%	0.67%	3.74%	186	530
$79.50	Oct 23	$0.76	0.36	1.2%	0.97%	2.12%	6.8K	2.1K
$80.00	Oct 23	$0.58	0.30	1.8%	0.74%	2.53%	1.1K	3.4K

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 417,617

Total Puts 267,476

Put/Call Ratio 0.64

Net Difference 150,141

Prior's Put/Call Breakdown

Total Calls 516,450

Total Puts 234,695

Put/Call Ratio 0.45

Net Difference 281,755

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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