TLT
iShares 20+ Year Treasury Bond ETFClose $87.38EOD 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: Gamma flip $80; Put volume ratio
Flow Summary
Net premium: +$30.6M bullish
P/C volume ratio: 1.01
P/C OI ratio: 0.72
Notable Prints
Read-through: Large new position in long-dated OTM puts, indicating downside expectation or protective hedging.
Read-through: Deep ITM call with high IV; likely aggressive bullish speculation or part of a reversal strategy.
Read-through: ITM call with above-average IV and volume/ OI; suggests new bullish positioning.
Read-through: Long-dated put with high volume relative to OI; consistent with protective buying.
Read-through: High volume in nearly worthless OTM call; likely a low-cost speculative bet.
Institutional Positioning
Call additions: Large OTM calls at 72,80,70 for Jun30 expiry and 90.5 for Jul2
Put additions: Heavy put additions at 86,84,87,85 across Mar19, Jun29, Jul31 expiries
GEX/DEX consistency: +$2.1B GEX and +215M DEX consistent with pinning; gamma flip at 80 supports upside
OI clusters: Highest put OI at 87 (2.4K) and 85 (1.5K); call OI sparse
Hedging evidence: Significant put volumes across several strikes indicate hedging or bearish positioning
Max pain context: Spot above MP; pinning to higher levels likely
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.