thetaOwl
HomeOptionsTLTReports

TLT

iShares 20+ Year Treasury Bond ETFClose $84.68EOD only
Max Pain
$83.50
Next expiry May 27, 2026
Expected Move
±$0.75
0.9% from close
Price Gap
-1.18
Distance to max pain
IV Rank
16
Low premium
P/C OI
0.76
Slightly call-heavy
Consensus
7.5/10
Bullish tilt
Published snapshot: May 22, 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
May 22, 2026 close
TLT AI Consensus Report
Analysis based on market close May 22, 2026
DirectionalTheta GangFlowEarningsConsensus

Consensus-supported lens with chain history and key metrics in the rail.

Conviction
7.5

out of 10

7.5 not higher because theta's warning of low vol and potential sharp move tempers the high alignment between directional and flow, reducing execution conviction.

Where Perspectives Agree

All personas see a bullish pin near $84.5 supported by +$651M dealer gamma and institutional call buying, keeping TLT range-bound.

Where They Diverge

Theta recommends waiting for volatility expansion and avoiding premium selling, which directly conflicts with executing the active bullish trades suggested by direction and flow.

Top Trade
via directional

Sell cash-secured put at $84 for June 5 expiry, collecting premium while pinning support holds.

Key Risk

Break below $80 flips dealer gamma long, removing pin support and accelerating downside toward the put OI floor at $80.

How to Use These Reports
This ai consensus reflects the market close on May 22, 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.