TLT
iShares 20+ Year Treasury Bond ETFClose $86.74EOD onlyThis page reflects TLT options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Historical consensus-supported lens with full content, report chain context, and metric rail.
Flow Verdict
Watch next session: Spot vs MP movement and whether pin holds; VIX moves >+3-5 pts or sudden vol skew shift; Unusual put prints or surge in put OI near flip
Flow Summary
Net premium: +$12.2M bullish
P/C volume ratio: 0.58
P/C OI ratio: 0.63
Notable Prints
Read-through: bullish
Read-through: bullish
Read-through: bullish
Read-through: bullish
Read-through: bullish
Institutional Positioning
Call additions: Concentrated short-dated calls centered ~81–84 (Apr27–Apr29); some longer-dated call interest 87–98.
Put additions: Smaller put activity vs calls; isolated puts around 87.5 (May15) — protective put coverage appears limited.
GEX/DEX consistency: GEX and DEX are positive, which is consistent with net call exposure, but causality to spot pinning is uncertain amid other market drivers.
OI clusters: Largest OI sits in the low-80s (≈83–84); secondary clusters in mid-to-high 80s for longer expiries.
Hedging evidence: Signs of directional call buying and possible call selling; little clear evidence of broad collaring—hedges appear incomplete.
Max pain context: Max Pain sits near the low-80s; flows and positive GEX could contribute to pinning pressure but outcomes remain sensitive to volatility and order flow shifts.
Signal vs Noise
Key Conclusions
Each report translates the same market-close options snapshot into a specific lens such as directional bias, premium-selling posture, flow quality, or earnings setup.
Reports are most useful for narrowing the playbook, surfacing entry and risk context, and deciding which raw data page to inspect next.
These are interpretation layers, not execution guarantees. Validate the setup against chain liquidity, expected move, and exposure before sizing risk.