TLT - Options Database

TLT

iShares 20+ Year Treasury Bond ETF

$78.47 -1.07%

(9/28 14:00) ◀

Monday, September 28, 2026 (3:00pm)

▶ (9/28 15:14)

◀ 9/28 15:01 ▶

Option Volume

Detail

ℹ

Current (09/28 3:00pm) 737,323

Calls: 451,972 (61%)

Puts: 285,351 (39%)

Prior (09/25) 813,940

Calls: 554,827 (68%)

Puts: 259,113 (32%)

Current vs Prior -9.41%

Calls: -18.54% (Calls)

Puts: +10.13% (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 +30.10%

Calls: +19.94%

Puts: +50.27%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (09/28 3:00pm) $41.48M

Calls: $16.31M (39%)

Puts: $25.16M (61%)

Prior (09/25) $39.87M

Calls: $23.77M (60%)

Puts: $16.10M (40%)

Current vs Prior +4.03%

Calls: -31.38%

Puts: +56.34%

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 +22.52%

Calls: -2.41%

Puts: +46.84%

Sentiment BEARISH

Put/Call Ratio

Detail

ℹ

Current (09/28 3:00pm) 0.63

Prior (09/25) 0.47

Current vs Prior +35.19%

Prior 7-Day Average 0.50

Current vs Prior 7-Day Avg +26.80%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (09/28 3:00pm) 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 0.76% | 1.89%1.99% | 2.56%3.10% | 5.30%

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

Current vs Prior -35.47% | -7.07%+209.22% | +22.41%+2.36% | +2.58%

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

Current vs 7-Day Avg -27.39% | +34.12%+92.77% | +32.55%+55.72% | +30.47%

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

Current vs 7-Day Eod -35.47% | -7.07%+203.23% | +22.40%+2.35% | +2.81%

Sentiment BULLISHBEARISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 12.42% | 2.03%

Calls: 13.73% | 1.35%

Puts: 11.11% | 2.70%

Prior 2.17% | 1.82%

Calls: 1.89% | 1.39%

Puts: 2.44% | 2.25%

Current vs Prior +472.35% | +11.54%

Prior 7-Day Avg 3.17% | 2.49%

Calls: 3.51% | 2.13%

Puts: 2.84% | 2.85%

Current vs 7-Day Avg +291.27% | -18.57%

Liquidity Good

Add Card

🤖 AI Insights

Moderately bearish flow with 61% put dollar volume ($25.16M). Bullish P/C ratio of 0.63. P/C ratio rising 35% - 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
15:00	BEARISH	BULLISH	BULLISH
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 3.3%, best 0.8%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$77.00	Oct 23	2.11	2.13	$2.12	0.9%	517	0.68	38
$77.00	Oct 16	1.92	1.94	$1.93	1.0%	469	0.70	825
$79.00	Oct 23	0.94	0.95	$0.95	1.1%	781	0.41	1.1K
$76.50	Nov 6	2.74	2.77	$2.76	1.1%	133	0.69	6
$65.00	Oct 2	13.45	13.60	$13.52	1.1%	--	1.00	108

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$80.00	Nov 6	2.58	2.60	$2.59	0.8%	8	0.68	220
$78.00	Oct 30	1.20	1.21	$1.21	0.8%	1.7K	0.47	8.3K
$79.50	Nov 6	2.26	2.28	$2.27	0.9%	4	0.63	602
$94.00	Sep 28	15.45	15.60	$15.52	1.0%	4	1.00	--
$80.50	Nov 6	2.92	2.95	$2.94	1.0%	267	0.72	80

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 150 found (avg $0.35, cheapest $0.07)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$78.50	Sep 28	0.06	0.07	$0.07	14.3%	25.9K	0.46	816
$78.00	Sep 28	0.47	0.54	$0.51	13.7%	7.2K	0.96	1.2K
$80.00	Sep 30	0.06	0.07	$0.07	14.3%	25.4K	0.11	21.1K
$79.00	Sep 30	0.23	0.24	$0.24	4.2%	46.2K	0.33	7.6K
$80.50	Oct 2	0.06	0.07	$0.07	14.3%	3.2K	0.09	7.4K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$78.50	Sep 28	0.08	0.09	$0.09	11.1%	15.2K	0.54	2.5K
$79.00	Sep 28	0.49	0.56	$0.53	13.2%	4.0K	0.92	8.3K
$77.00	Sep 30	0.05	0.06	$0.06	16.7%	10.6K	0.10	2.9K
$78.00	Sep 30	0.23	0.24	$0.24	4.2%	13.4K	0.33	5.8K
$76.50	Oct 2	0.11	0.12	$0.12	8.3%	667	0.14	524

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 251 found (avg delta 0.88, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$65.00	Oct 2	13.45	13.60	$13.52	1.1%	--	1.00	108
$70.00	Oct 2	8.45	8.60	$8.52	1.8%	20	1.00	202
$71.00	Oct 2	7.45	7.60	$7.53	2.0%	--	1.00	169
$72.00	Oct 2	6.40	6.60	$6.50	3.1%	--	1.00	81
$73.00	Oct 2	5.45	5.60	$5.53	2.7%	28	1.00	232

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$79.50	Sep 28	0.96	1.05	$1.00	9.0%	699	1.00	2.8K
$80.00	Sep 28	1.46	1.58	$1.52	7.9%	814	1.00	3.2K
$80.50	Sep 28	1.96	2.05	$2.01	4.5%	871	1.00	1.6K
$81.00	Sep 28	2.46	2.56	$2.51	4.0%	496	1.00	2.1K
$81.50	Sep 28	2.96	3.10	$3.03	4.6%	11	1.00	50

Most actively traded options today. High liquidity = easy entry/exit. 487 active (total vol 730.2K, top 47.3K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$79.00	Sep 30	0.23	0.24	$0.24	4.2%	46.2K	0.33	7.6K
$79.00	Sep 28	0.00	0.01	$0.01	100.0%	35.2K	0.09	7.7K
$78.00	Sep 30	0.73	0.74	$0.74	1.4%	27.9K	0.67	527
$78.50	Sep 28	0.06	0.07	$0.07	14.3%	25.9K	0.46	816
$80.00	Sep 30	0.06	0.07	$0.07	14.3%	25.4K	0.11	21.1K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$79.00	Oct 16	1.42	1.45	$1.44	2.1%	47.3K	0.61	98.7K
$77.00	Oct 16	0.58	0.60	$0.59	3.4%	47.1K	0.32	49.2K
$78.50	Sep 28	0.08	0.09	$0.09	11.1%	15.2K	0.54	2.5K
$78.00	Sep 28	0.00	0.01	$0.01	100.0%	13.6K	0.04	5.1K
$78.00	Sep 30	0.23	0.24	$0.24	4.2%	13.4K	0.33	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 19.0%, max 19.0%)

CALLS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$78.50	Sep 28	Nov 6	20.1%	16.9%	19.0%	26.1K	919

PUTS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$78.50	Sep 28	Nov 6	20.1%	16.9%	19.0%	15.7K	3.2K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 105 found (best R:R 1.08, avg 2.27)

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	$0.50	$0.50	$0.50	67%	1.00	$78.50
$78.50	$79.00	Oct 5	$0.19	$0.31	$0.19	45%	1.63	$78.69
$80.00	$80.50	Oct 16	$0.11	$0.39	$0.11	26%	3.55	$80.11
$77.50	$78.00	Oct 7	$0.33	$0.17	$0.33	69%	0.52	$77.83

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$79.00	$78.00	Oct 30	$0.48	$0.52	$0.48	57%	1.08	$78.52
$78.00	$77.00	Oct 30	$0.36	$0.64	$0.36	47%	1.78	$77.64
$78.00	$77.50	Oct 16	$0.18	$0.32	$0.18	46%	1.78	$77.82
$78.50	$78.00	Nov 6	$0.23	$0.27	$0.23	54%	1.17	$78.27
$77.00	$76.00	Oct 30	$0.26	$0.74	$0.26	35%	2.85	$76.74

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 66 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	$0.40	$0.40	$0.60	57%	0.67	$79.40
$80.00	$81.00	Oct 30	$0.29	$0.29	$0.71	68%	0.41	$80.29
$79.00	$80.00	Oct 12	$0.30	$0.30	$0.70	63%	0.43	$79.30
$78.50	$79.00	Nov 6	$0.25	$0.25	$0.25	53%	1.00	$78.75
$79.00	$79.50	Nov 6	$0.22	$0.22	$0.28	58%	0.79	$79.22

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$74.50	$70.00	Nov 6	$0.35	$0.35	$4.15	81%	0.08	$74.15
$75.00	$70.00	Oct 30	$0.31	$0.31	$4.69	82%	0.07	$74.69
$78.00	$77.00	Sep 30	$0.18	$0.18	$0.82	67%	0.22	$77.82
$77.50	$77.00	Oct 2	$0.13	$0.13	$0.37	68%	0.35	$77.37
$77.00	$76.00	Oct 12	$0.21	$0.21	$0.79	70%	0.27	$76.79

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $0.56, cheapest $0.45)

CALLS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$78.50	Sep 28	Oct 2	$0.45	20.1%	19.4%

PUTS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$78.50	Sep 28	Oct 2	$0.67	20.1%	19.4%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 197 found (cheapest 0.20% of stock, avg 4.73%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$78.50	Sep 28	$0.07	$0.09	$0.16	$78.34	$78.66	0.20%
$78.00	Sep 28	$0.51	$0.01	$0.52	$77.48	$78.52	0.66%
$79.00	Sep 28	$0.01	$0.53	$0.54	$78.46	$79.54	0.69%
$78.00	Sep 30	$0.74	$0.24	$0.98	$77.02	$78.98	1.25%
$79.00	Sep 30	$0.24	$0.74	$0.98	$78.02	$79.98	1.25%
$77.50	Sep 28	$1.00	$0.01	$1.01	$76.49	$78.51	1.29%
$79.50	Sep 28	$0.01	$1.00	$1.01	$78.49	$80.51	1.29%
$78.50	Oct 2	$0.52	$0.76	$1.28	$77.22	$79.78	1.63%
$78.00	Oct 2	$0.80	$0.51	$1.31	$76.69	$79.31	1.67%
$78.50	Oct 5	$0.56	$0.82	$1.38	$77.12	$79.88	1.76%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 219 found (cheapest 0.17% of stock, avg 1.32%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$80.00	$77.00	Sep 30	$0.07	$0.06	$0.13	$76.87	$80.13
$80.50	$76.00	Oct 2	$0.07	$0.07	$0.14	$75.86	$80.64
$82.00	$74.00	Oct 12	$0.07	$0.07	$0.14	$73.86	$82.14
$80.50	$76.00	Oct 5	$0.08	$0.10	$0.18	$75.82	$80.68
$80.50	$76.50	Oct 2	$0.07	$0.12	$0.19	$76.31	$80.69
$80.00	$76.00	Oct 2	$0.12	$0.07	$0.19	$75.81	$80.19
$82.00	$75.00	Oct 12	$0.07	$0.13	$0.20	$74.80	$82.20
$81.00	$74.00	Oct 12	$0.13	$0.07	$0.20	$73.80	$81.20
$80.00	$76.00	Oct 5	$0.13	$0.10	$0.23	$75.77	$80.23
$80.00	$76.50	Oct 2	$0.12	$0.12	$0.24	$76.26	$80.24

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 36 found (best R:R 1.00, avg credit $0.31)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
75/76	80/81	Nov 6	$0.25	$0.25	46%	1.00	$75.25	$80.75
75/76	80/80	Nov 6	$0.27	$0.23	42%	1.17	$75.23	$80.27
75/76	81/82	Nov 6	$0.22	$0.28	51%	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	80/81	Nov 6	$0.28	$0.22	38%	1.27	$76.22	$80.78
76/76	80/80	Nov 6	$0.28	$0.22	38%	1.27	$75.72	$80.28
76/76	80/80	Nov 6	$0.30	$0.20	34%	1.50	$76.20	$80.30
76/76	81/82	Nov 6	$0.23	$0.27	47%	0.85	$75.77	$81.23
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	42%	1.00	$76.25	$81.25

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 80 found (best R:R 9.00, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$77.50	$78.00	$78.50	Sep 28	$0.05	$0.45	52%	9.00
$78.50	$79.00	$79.50	Sep 28	$0.06	$0.44	43%	7.33
$77.00	$78.00	$79.00	Sep 30	$0.33	$0.67	57%	2.03
$79.00	$80.00	$81.00	Sep 30	$0.12	$0.88	30%	7.33
$78.00	$79.00	$80.00	Sep 30	$0.33	$0.67	56%	2.03

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$77.50	$78.00	$78.50	Sep 28	$0.08	$0.42	52%	5.25
$77.00	$78.00	$79.00	Sep 30	$0.32	$0.68	57%	2.12
$79.00	$80.00	$81.00	Sep 30	$0.11	$0.89	28%	8.09
$78.00	$79.00	$80.00	Sep 30	$0.33	$0.67	56%	2.03
$76.00	$77.00	$78.00	Oct 12	$0.12	$0.88	28%	7.33

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 $-0.54, 130 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$70.00	$74.00	1:2	Sep 30	-$0.54	$3.46
$70.00	$73.50	1:2	Oct 16	-$1.56	$1.94
$65.00	$70.00	1:2	Oct 2	-$3.52	$1.48
$74.00	$76.00	1:2	Oct 5	-$0.55	$1.45
$65.00	$70.00	1:2	Sep 30	-$3.54	$1.46

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$79.50	$79.00	1:2	Sep 28	-$0.06	$0.44
$81.00	$80.00	1:2	Sep 30	-$0.63	$0.37
$79.00	$78.00	1:2	Oct 12	-$0.25	$0.75
$78.00	$77.00	1:2	Oct 12	-$0.12	$0.88
$80.00	$79.00	1:2	Oct 12	-$0.60	$0.40

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 72 found (best yield 1.87%, avg 0.47%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$78.50	Nov 6	$1.47	0.47	0.0%	1.87%	1.91%	169	103
$79.00	Nov 6	$1.23	0.42	0.7%	1.57%	2.24%	346	38
$79.50	Nov 6	$1.01	0.37	1.3%	1.29%	2.60%	1.4K	543
$79.00	Oct 30	$1.13	0.43	0.7%	1.44%	2.12%	1.8K	2.8K
$80.00	Nov 6	$0.82	0.32	1.9%	1.04%	2.99%	2.5K	552
$80.50	Nov 6	$0.66	0.28	2.6%	0.84%	3.43%	464	59
$80.00	Oct 30	$0.73	0.32	1.9%	0.93%	2.88%	6.6K	7.6K
$78.50	Oct 23	$1.18	0.48	0.0%	1.50%	1.54%	1.5K	1.0K
$79.00	Oct 23	$0.94	0.41	0.7%	1.20%	1.87%	781	1.1K
$81.00	Nov 6	$0.52	0.23	3.2%	0.66%	3.89%	194	530

Current 5-Minute Volume Snapshots

Time (HH:MM)	Total Volume	Call Volume	Put Volume	Volume Change
Loading data...

Prior's 5-Minute Volume Snapshots

Time (HH:MM)	Total Volume	Call Volume	Put Volume	Volume Change
Loading data...

Current Put/Call Breakdown

Total Calls 451,972

Total Puts 285,351

Put/Call Ratio 0.63

Net Difference 166,621

Prior's Put/Call Breakdown

Total Calls 554,827

Total Puts 259,113

Put/Call Ratio 0.47

Net Difference 295,714

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
Loading data...

Upcoming Earnings - 2 Weeks Prior

Loading earnings data...

Upcoming Earnings - 1 Week Prior

Loading earnings data...

Earnings This Week

Loading earnings data...

Earnings - Day Before / Day After

Loading earnings data...

Options Activity Around Earnings

Ticker	Earnings Date	Days Away	Call Volume	Put Volume	IV Rank
Loading data...

Option Volume

Dollar Volume

Put/Call Ratio

Open Interest

Expected Move

Relative Spread

🤖 AI Insights

📈 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

Add Card