TLT - Options Database

TLT

iShares 20+ Year Treasury Bond ETF

$77.73 +0.76%

(10/8 11:00) ◀

Thursday, October 8, 2026 (1:00pm)

▶ (10/8 14:00)

◀ 10/8 13:00 ▶

Option Volume

Detail

ℹ

Current (10/08 1:00pm) 411,955

Calls: 200,569 (49%)

Puts: 211,386 (51%)

Prior (10/07) 430,034

Calls: 308,504 (72%)

Puts: 121,530 (28%)

Current vs Prior -4.20%

Calls: -34.99% (Calls)

Puts: +73.94% (Puts)

Prior 7-Day Total 5,287,558

Calls: 3,524,914 (67%)

Puts: 1,762,644 (33%)

Prior 7-Day Average 755,365

Calls: 503,559 (67%)

Puts: 251,806 (33%)

Current vs Prior 7-Day Avg -45.46%

Calls: -60.17%

Puts: -16.05%

Sentiment BEARISH

Dollar Volume

Detail

ℹ

Current (10/08 1:00pm) $22.05M

Calls: $10.87M (49%)

Puts: $11.18M (51%)

Prior (10/07) $20.66M

Calls: $11.25M (54%)

Puts: $9.42M (46%)

Current vs Prior +6.71%

Calls: -3.31%

Puts: +18.68%

Prior 7-Day Total $431.29M

Calls: $155.33M (36%)

Puts: $275.96M (64%)

Prior 7-Day Average $61.61M

Calls: $22.19M (36%)

Puts: $39.42M (64%)

Current vs Prior 7-Day Avg -64.21%

Calls: -51.00%

Puts: -71.65%

Sentiment BEARISH

Put/Call Ratio

Detail

ℹ

Current (10/08 1:00pm) 1.05

Prior (10/07) 0.39

Current vs Prior +167.54%

Prior 7-Day Average 0.52

Current vs Prior 7-Day Avg +102.83%

Sentiment BEARISH

Open Interest

Detail

ℹ

Current (10/08 1:00pm) 4,050,481

Calls: 2,730,198 (67%)

Puts: 1,320,283 (33%)

Prior (10/07) 4,010,347

Calls: 2,675,660 (67%)

Puts: 1,334,687 (33%)

Current vs Prior +1.00%

Prior 7-Day Total 23,438,768

Calls: 16,270,693 (69%)

Puts: 7,168,075 (31%)

Prior 7-Day Average 3,348,395

Calls: 2,324,384 (69%)

Puts: 1,024,010 (31%)

Current vs Prior 7-Day Avg +20.97%

Sentiment BEARISH

Expected Move

Detail

ℹ

3DTEWKMO Expiry (10/09) | Next (10/12)Expiry (10/09) | Next (10/16)Expiry (10/16) | Next (11/20)

Current 1.17% | 1.39%1.17% | 2.05%2.05% | 4.71%

Prior 1.26% | 1.45%1.26% | 2.11%2.11% | 4.86%

Current vs Prior -6.90% | -4.30%-6.90% | -3.19%-3.19% | -3.14%

Prior 7-Day Avg 1.36% | 1.66%1.42% | 2.34%2.73% | 5.35%

Current vs 7-Day Avg -13.72% | -16.17%-17.54% | -12.42%-25.04% | -11.92%

Prior 7-Day Eod 1.26% | 1.45%1.26% | 2.10%2.10% | 4.86%

Current vs 7-Day Eod -6.90% | -4.30%-6.89% | -2.59%-2.59% | -3.13%

Sentiment BULLISHBULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 3.34% | 2.77%

Calls: 2.13% | 3.64%

Puts: 4.55% | 1.89%

Prior 4.13% | 3.58%

Calls: 4.26% | 3.64%

Puts: 4.00% | 3.51%

Current vs Prior -19.13% | -22.63%

Prior 7-Day Avg 4.72% | 3.57%

Calls: 5.03% | 3.33%

Puts: 4.42% | 3.81%

Current vs 7-Day Avg -29.30% | -22.41%

Liquidity Good

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🤖 AI Insights

Slightly bearish P/C ratio of 1.05. P/C ratio rising 168% - increased hedging/bearish positioning. Call-heavy open interest (2,730,198 calls vs 1,320,283 puts) suggests bullish positioning.

Smart Money BEARISH

Retail Flow NEUTRAL

Overall BEARISH

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 BEARISH

Prior BULLISH

7-Day Avg BULLISH

Sentiment Timeline (Today)

Time	Smart Money	Retail	Overall
13:00	BEARISH	NEUTRAL	BEARISH
11:00	BEARISH	BEARISH	BEARISH

📈 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 345 of results (avg 3.5%, best 0.7%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$77.00	Oct 23	1.39	1.40	$1.40	0.7%	1.2K	0.65	2.9K
$76.00	Nov 20	2.65	2.67	$2.66	0.8%	2.4K	0.68	3.8K
$76.00	Nov 13	2.53	2.55	$2.54	0.8%	537	0.69	1.8K
$76.50	Nov 13	2.18	2.20	$2.19	0.9%	68	0.63	579
$79.00	Nov 20	1.00	1.01	$1.00	1.0%	944	0.37	28.5K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$77.50	Nov 6	1.18	1.19	$1.19	0.8%	596	0.49	2.6K
$79.00	Nov 6	2.02	2.04	$2.03	1.0%	271	0.66	2.9K
$79.00	Oct 30	1.68	1.70	$1.69	1.2%	73	0.66	43.9K
$78.00	Nov 20	1.64	1.66	$1.65	1.2%	1.5K	0.54	27.5K
$79.50	Nov 13	2.45	2.48	$2.47	1.2%	250	0.69	1.5K

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 173 found (avg $0.33, cheapest $0.08)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$78.50	Oct 9	0.07	0.08	$0.08	12.5%	5.1K	0.18	18.7K
$79.00	Oct 12	0.05	0.06	$0.06	16.7%	423	0.11	2.3K
$78.00	Oct 9	0.20	0.21	$0.21	4.8%	19.8K	0.38	45.5K
$78.50	Oct 12	0.13	0.14	$0.14	7.1%	2.4K	0.23	5.6K
$79.50	Oct 14	0.06	0.07	$0.07	14.3%	203	0.10	1.1K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$77.00	Oct 9	0.08	0.09	$0.09	11.1%	16.7K	0.18	12.6K
$77.50	Oct 9	0.19	0.20	$0.20	5.0%	5.3K	0.37	4.3K
$76.50	Oct 12	0.07	0.08	$0.08	12.5%	449	0.13	2.7K
$77.00	Oct 12	0.14	0.15	$0.15	6.7%	2.6K	0.24	3.1K
$78.00	Oct 9	0.43	0.45	$0.44	4.5%	746	0.62	14.5K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 225 found (avg delta 0.86, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$67.00	Oct 12	10.65	10.85	$10.75	1.9%	--	1.00	18
$70.00	Oct 12	7.65	7.85	$7.75	2.6%	10	1.00	--
$72.50	Oct 12	5.15	5.35	$5.25	3.8%	3	1.00	--
$73.00	Oct 12	4.65	4.85	$4.75	4.2%	1	1.00	15
$73.50	Oct 12	4.15	4.35	$4.25	4.7%	3	1.00	22

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$80.00	Oct 9	2.21	2.35	$2.28	6.1%	22	1.00	26
$81.00	Oct 9	3.20	3.40	$3.30	6.1%	--	1.00	11
$81.50	Oct 9	3.70	3.90	$3.80	5.3%	--	1.00	37
$82.50	Oct 9	4.65	4.90	$4.78	5.2%	1	1.00	1
$83.00	Oct 9	5.20	5.40	$5.30	3.8%	2	1.00	3

Most actively traded options today. High liquidity = easy entry/exit. 436 active (total vol 410.5K, top 49.5K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$77.50	Oct 9	0.46	0.47	$0.47	2.1%	23.4K	0.64	25.4K
$78.00	Oct 9	0.20	0.21	$0.21	4.8%	19.8K	0.38	45.5K
$82.50	Oct 23	0.04	0.05	$0.05	20.0%	9.3K	0.04	2.2K
$79.00	Oct 23	0.41	0.42	$0.42	2.4%	9.2K	0.30	4.4K
$77.00	Oct 9	0.82	0.87	$0.85	5.9%	7.5K	0.82	17.6K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$75.00	Nov 20	0.56	0.58	$0.57	3.5%	49.5K	0.25	57.3K
$73.00	Nov 20	0.26	0.27	$0.27	3.7%	35.1K	0.13	13.4K
$77.00	Nov 20	1.18	1.20	$1.19	1.7%	19.3K	0.44	85.1K
$77.00	Oct 9	0.08	0.09	$0.09	11.1%	16.7K	0.18	12.6K
$79.00	Oct 16	1.39	1.44	$1.42	3.5%	6.4K	0.77	59.7K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 8 strikes (avg 27.7%, max 49.3%)

CALLS (4)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$77.00	Oct 9	Nov 20	19.7%	13.2%	49.3%	8.6K	21.5K
$77.50	Oct 9	Nov 13	17.9%	13.2%	35.6%	23.5K	26.1K
$78.50	Oct 9	Nov 13	18.1%	15.8%	15.1%	5.6K	21.2K
$78.00	Oct 9	Nov 20	17.8%	16.1%	10.9%	22.4K	65.3K

PUTS (4)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$77.00	Oct 9	Nov 20	19.7%	13.2%	49.3%	36.0K	97.8K
$77.50	Oct 9	Nov 13	17.9%	13.2%	35.6%	5.3K	5.5K
$78.50	Oct 9	Nov 13	18.1%	15.8%	15.1%	339	4.3K
$78.00	Oct 9	Nov 20	17.8%	16.1%	10.9%	2.2K	42.1K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 104 found (best R:R 1.17, avg 1.93)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$77.00	$77.50	Oct 16	$0.32	$0.18	$0.32	68%	0.56	$77.32
$78.00	$78.50	Oct 16	$0.19	$0.31	$0.19	45%	1.63	$78.19
$77.50	$78.00	Oct 9	$0.26	$0.24	$0.26	64%	0.92	$77.76
$77.00	$77.50	Oct 19	$0.32	$0.18	$0.32	67%	0.56	$77.32
$79.00	$79.50	Oct 19	$0.10	$0.40	$0.10	25%	4.00	$79.10

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$78.00	$77.00	Nov 20	$0.46	$0.54	$0.46	54%	1.17	$77.54
$79.00	$78.00	Nov 20	$0.57	$0.43	$0.57	63%	0.75	$78.43
$78.00	$77.00	Oct 30	$0.42	$0.58	$0.42	53%	1.38	$77.58
$79.00	$78.00	Oct 21	$0.64	$0.36	$0.64	72%	0.56	$78.36
$77.00	$76.50	Nov 13	$0.18	$0.32	$0.18	44%	1.78	$76.82

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 62 found (best R:R 0.82, avg 0.45)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$78.00	$79.00	Nov 20	$0.45	$0.45	$0.55	54%	0.82	$78.45
$79.00	$80.00	Oct 30	$0.28	$0.28	$0.72	66%	0.39	$79.28
$78.00	$79.00	Oct 30	$0.42	$0.42	$0.58	53%	0.72	$78.42
$80.00	$81.00	Nov 20	$0.24	$0.24	$0.76	72%	0.32	$80.24
$78.50	$79.00	Oct 16	$0.15	$0.15	$0.35	67%	0.43	$78.65

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$77.00	$76.50	Oct 16	$0.13	$0.13	$0.37	68%	0.35	$76.87
$77.50	$77.00	Oct 14	$0.17	$0.17	$0.33	57%	0.52	$77.33
$77.50	$77.00	Oct 9	$0.11	$0.11	$0.39	63%	0.28	$77.39
$76.50	$76.00	Oct 21	$0.10	$0.10	$0.40	74%	0.25	$76.40
$77.50	$77.00	Oct 12	$0.14	$0.14	$0.36	59%	0.39	$77.36

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 4 found (avg debit $0.08, cheapest $0.08)

CALLS (2)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$77.50	Oct 9	Oct 12	$0.08	17.9%	11.8%
$78.00	Oct 9	Oct 12	$0.08	17.8%	12.5%

PUTS (2)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$77.50	Oct 9	Oct 12	$0.09	17.9%	11.8%
$78.00	Oct 9	Oct 12	$0.09	17.8%	12.5%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 187 found (cheapest 0.84% of stock, avg 4.55%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$78.00	Oct 9	$0.21	$0.44	$0.65	$77.35	$78.65	0.84%
$77.50	Oct 9	$0.47	$0.20	$0.67	$76.83	$78.17	0.86%
$78.00	Oct 12	$0.29	$0.53	$0.82	$77.18	$78.82	1.05%
$77.50	Oct 12	$0.55	$0.29	$0.84	$76.66	$78.34	1.08%
$78.50	Oct 9	$0.08	$0.83	$0.91	$77.59	$79.41	1.17%
$77.00	Oct 9	$0.85	$0.09	$0.94	$76.06	$77.94	1.21%
$78.50	Oct 12	$0.14	$0.87	$1.01	$77.49	$79.51	1.30%
$77.00	Oct 12	$0.91	$0.15	$1.06	$75.94	$78.06	1.36%
$78.00	Oct 14	$0.44	$0.65	$1.09	$76.91	$79.09	1.40%
$77.50	Oct 14	$0.70	$0.42	$1.12	$76.38	$78.62	1.44%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 253 found (cheapest 0.08% of stock, avg 1.15%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$79.00	$76.00	Oct 9	$0.03	$0.03	$0.06	$75.94	$79.06
$79.00	$76.50	Oct 9	$0.03	$0.04	$0.07	$76.43	$79.07
$79.50	$76.00	Oct 12	$0.03	$0.04	$0.07	$75.93	$79.57
$80.00	$75.50	Oct 14	$0.04	$0.06	$0.10	$75.40	$80.10
$79.00	$76.00	Oct 12	$0.06	$0.04	$0.10	$75.90	$79.10
$79.50	$76.50	Oct 12	$0.03	$0.08	$0.11	$76.39	$79.61
$78.50	$76.00	Oct 9	$0.08	$0.03	$0.11	$75.89	$78.61
$78.50	$76.50	Oct 9	$0.08	$0.04	$0.12	$76.38	$78.62
$79.00	$77.00	Oct 9	$0.03	$0.09	$0.12	$76.88	$79.12
$79.50	$75.50	Oct 14	$0.07	$0.06	$0.13	$75.37	$79.63

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 27 found (best R:R 1.50, avg credit $0.29)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
76/76	79/80	Nov 6	$0.30	$0.20	35%	1.50	$75.70	$79.30
76/76	80/80	Nov 13	$0.29	$0.21	37%	1.38	$75.71	$79.79
75/76	79/80	Nov 6	$0.27	$0.23	40%	1.17	$75.23	$79.27
75/76	80/80	Nov 13	$0.26	$0.24	42%	1.08	$75.24	$79.76
76/76	80/80	Nov 13	$0.26	$0.24	42%	1.08	$75.74	$80.26
76/76	80/80	Nov 6	$0.24	$0.26	46%	0.92	$75.76	$80.24
75/76	80/80	Nov 13	$0.23	$0.27	47%	0.85	$75.27	$80.23
75/76	80/80	Nov 6	$0.21	$0.29	51%	0.72	$75.29	$80.21
76/76	80/80	Nov 6	$0.26	$0.24	41%	1.08	$75.74	$79.76
75/76	80/80	Nov 6	$0.23	$0.27	46%	0.85	$75.27	$79.73

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 89 found (best R:R 7.33, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$76.00	$77.00	$78.00	Oct 30	$0.12	$0.88	28%	7.33
$76.00	$77.00	$78.00	Nov 20	$0.09	$0.91	22%	10.11
$75.00	$76.00	$77.00	Nov 20	$0.09	$0.91	21%	10.11
$76.50	$77.00	$77.50	Oct 9	$0.06	$0.44	28%	7.33
$76.50	$77.00	$77.50	Oct 12	$0.06	$0.44	27%	7.33

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$75.00	$76.00	$77.00	Oct 30	$0.10	$0.90	22%	9.00
$76.50	$77.00	$77.50	Oct 9	$0.06	$0.44	28%	7.33
$77.00	$77.50	$78.00	Oct 14	$0.06	$0.44	28%	7.33
$78.00	$78.50	$79.00	Oct 9	$0.08	$0.42	33%	5.25
$76.00	$77.00	$78.00	Nov 20	$0.10	$0.90	20%	9.00

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 $-1.30, 147 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$65.00	$70.00	1:2	Oct 9	-$2.75	$2.25
$65.00	$70.00	1:2	Oct 16	-$2.80	$2.20
$65.00	$70.00	1:2	Oct 23	-$2.95	$2.05
$72.00	$75.00	1:2	Nov 13	-$0.57	$2.43
$72.00	$74.50	1:2	Nov 6	-$1.36	$1.14

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$87.00	$83.00	1:2	Oct 9	-$1.30	$2.70
$79.00	$78.00	1:2	Oct 21	-$0.23	$0.77
$78.50	$78.00	1:2	Oct 9	-$0.05	$0.45
$78.00	$77.00	1:2	Oct 30	-$0.26	$0.74
$78.50	$78.00	1:2	Oct 12	-$0.19	$0.31

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 71 found (best yield 1.85%, avg 0.48%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$78.00	Nov 20	$1.44	0.46	0.3%	1.85%	2.20%	2.6K	19.8K
$79.00	Nov 20	$1.00	0.37	1.6%	1.29%	2.92%	944	28.5K
$78.00	Nov 13	$1.30	0.46	0.3%	1.67%	2.02%	436	1.5K
$78.50	Nov 13	$1.07	0.41	1.0%	1.38%	2.37%	550	2.4K
$79.00	Nov 13	$0.87	0.35	1.6%	1.12%	2.75%	669	353
$80.00	Nov 20	$0.67	0.28	2.9%	0.86%	3.78%	6.8K	44.6K
$78.00	Nov 6	$1.17	0.46	0.3%	1.51%	1.85%	1.5K	31.0K
$78.50	Nov 6	$0.94	0.40	1.0%	1.21%	2.20%	1.1K	2.6K
$79.50	Nov 13	$0.70	0.30	2.3%	0.90%	3.18%	32	722
$79.00	Nov 6	$0.74	0.34	1.6%	0.95%	2.59%	287	3.2K

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 200,569

Total Puts 211,386

Put/Call Ratio 1.05

Net Difference -10,817

Prior's Put/Call Breakdown

Total Calls 308,504

Total Puts 121,530

Put/Call Ratio 0.39

Net Difference 186,974

Prior 7-Day Put/Call Summary

Total Calls 3,524,914

Total Puts 1,762,644

Average Put/Call Ratio 0.52

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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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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