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TLT

iShares 20+ Year Treasury Bond ETFClose $85.77EOD only
Max Pain
$85.00
Next expiry Jun 15, 2026
Expected Move
±$0.49
0.6% from close
Price Gap
-0.77
Distance to max pain
IV Rank
23
Low premium
P/C OI
0.76
Slightly call-heavy
Consensus
9.0/10
Bullish tilt
Published snapshot: Jun 12, 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 12, 2026 close
TLT Flow Report
Analysis based on market close June 15, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Flow Verdict

BiasBullish
Confirmation: Sustained call volume and positive gamma support upside
Invalidation: Break below $80 gamma flip or surge in put activity
Confidence:
9 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 spot 0.3% from MP; +1 VIX 16

Watch next session: Monitor call buying persistence

Flow Summary

Net premium: +$77.9M bullish

P/C volume ratio: 0.52

P/C OI ratio: 0.76

TLT sees heavy call accumulation with net premium +$77.9M, put/call volume 0.52, and positive GEX $857M. Unusual prints show aggressive call buying in near-dated strikes, indicating bullish sentiment. Low VIX and pinning regime support continuation.

Notable Prints

#1
TLT 2026-07-10 $90.50 Call
Vol: 6,795
OI: 153
Vol/OI: 44.4x
IV: 11.9%
Notional: ~$41K
Intent: Bullish

Read-through: Extreme OTM

#2
TLT 2026-06-24 $80.50 Call
Vol: 5,450
OI: 149
Vol/OI: 36.6x
IV: 24.0%
Notional: ~$2.9M
Intent: Bullish

Read-through:

#3
TLT 2026-06-26 $80.00 Call
Vol: 3,450
OI: 115
Vol/OI: 30.0x
IV: 26.3%
Notional: ~$2.0M
Intent: Bullish

Read-through:

#4
TLT 2026-06-24 $81.50 Call
Vol: 7,400
OI: 300
Vol/OI: 24.7x
IV: 20.2%
Notional: ~$3.2M
Intent: Bullish

Read-through:

#5
TLT 2026-06-26 $81.50 Call
Vol: 7,400
OI: 376
Vol/OI: 19.7x
IV: 20.7%
Notional: ~$3.3M
Intent: Bullish

Read-through:

Institutional Positioning

Call additions: Calls added heavily at $80-82 strikes, near-term expiries

Put additions: Minimal: put ratio 0.52, no unusual prints

GEX/DEX consistency: Aligned: GEX +$857M, DEX +191M, bullish flow, pinning

OI clusters: Call OI concentrated $80-82; put OI near $80 (6.7% below spot)

Hedging evidence: Low VIX, positive gamma dealers hedge dips; no collar evidence

Max pain context: Spot at MP; pinning at $80-82

Signal vs Noise

~Signal: High confidence (9/10), bullish flow, strong GEX/DEX alignment
~Noise: Extreme ITM calls with high IV likely noise; high vol/oi near-term calls may be short-term

Key Conclusions

📈Bullish flow and positive GEX support rally; target $82
⚠️Put cluster at $80 is hedging, but VIX low limits downside
How to Use These Reports
This flow reflects the market close on June 15, 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.