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TLT

iShares 20+ Year Treasury Bond ETFClose $85.50EOD only

Max Pain

$85.50

Next expiry Jun 5, 2026

Expected Move

±$0.44

0.5% from close

Price Gap

+0.00

Distance to max pain

IV Rank

Low premium

P/C OI

0.74

Slightly call-heavy

Consensus

7.5/10

Bullish tilt

Published snapshot: Jun 4, 2026 close

End-of-day snapshot

This page reflects TLT options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot

Jun 4, 2026 close

TLT Flow Report

Analysis based on market close June 4, 2026

Directional Theta Gang Flow Earnings Consensus

Historical consensus-supported lens with full content, report chain context, and metric rail.

Flow Verdict

Confidence:

9 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 spot 0.0% from MP; +1 VIX 15

Watch next session: 80; VIX

Flow Summary

Net premium: +$17.0M bullish

P/C volume ratio: 1.28

P/C OI ratio: 0.74

Heavy call accumulation (e.g., 81C, 80C) dominates, net premium +$17M. Low vol and pinning support bullish bias. Large 85P print expiring tomorrow likely hedging. Regime and gamma positive for upside.

Notable Prints

TLT 2026-06-12 $81.00 Call

Vol: 10,904

OI: 413

Vol/OI: 26.4x

IV: 26.2%

Notional: ~$5.1M

Intent: Bullish bet on near-term rally

Read-through: Expects bond rally; big vols

TLT 2026-06-10 $80.50 Call

Vol: 5,506

OI: 423

Vol/OI: 13.0x

IV: 29.1%

Notional: ~$2.8M

Intent: Similar bullish call buying

Read-through: Aggressive bet on gap fill

TLT 2026-06-10 $81.50 Call

Vol: 1,802

OI: 201

Vol/OI: 9.0x

IV: 24.4%

Notional: ~$742K

Intent: Bullish speculation OTM

Read-through: Bet on high volatility

TLT 2026-06-12 $80.00 Call

Vol: 2,604

OI: 347

Vol/OI: 7.5x

IV: 30.6%

Notional: ~$1.5M

Intent: ATM call buying

Read-through: Direct play on upside

TLT 2026-06-08 $77.00 Call

Vol: 4,300

OI: 650

Vol/OI: 6.6x

IV: 53.5%

Notional: ~$3.6M

Intent: Bullish deep ITM call

Read-through: Delta positioning

Institutional Positioning

Call additions: 80-81C near-term, 90C long-term

Put additions: 88P Jul, 85P 0DTE

GEX/DEX consistency: GEX $+772M, DEX +179M shares

OI clusters: 85P (10k), 90C (785)

Hedging evidence: Puts at 88 & 85 hedge

Max pain context: Spot at MP, pinning

Signal vs Noise

~Heavy call prints at low IV signal bullish flow

~0DTE put at 85 likely noise

~Call spread at 80-81 confirms accumulation

Key Conclusions

📈Call building at 80-81 strikes; GEX supportive.

⚠️Put volume elevated; mixed flow near MP.

How to Use These Reports

This flow reflects the market close on June 4, 2026.

What the reports do

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.

How traders use them

Reports are most useful for narrowing the playbook, surfacing entry and risk context, and deciding which raw data page to inspect next.

What to remember

These are interpretation layers, not execution guarantees. Validate the setup against chain liquidity, expected move, and exposure before sizing risk.

If the report conviction and the raw data disagree, slow down and resolve the mismatch before sizing risk.