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TLT

iShares 20+ Year Treasury Bond ETFClose $86.57EOD only

Max Pain

$86.50

Next expiry Apr 22, 2026

Expected Move

±$0.46

0.5% from close

Price Gap

-0.07

Distance to max pain

IV Rank

Low premium

P/C OI

0.60

Slightly call-heavy

Consensus

6.5/10

Range bias

Published snapshot: Apr 21, 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

Apr 21, 2026 close

TLT AI Consensus Report

Analysis based on market close April 22, 2026

Directional Theta Gang Flow Earnings Consensus

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

Conviction

6.0

out of 10

Score 6 because positioning and GEX alignment are strong but threatened by macro risk-off or a large institutional directional push; missing/contradictory flow signals and low IV fragility cap conviction.

Where Perspectives Agree

Market positioning and dealer gamma create a near-term pin around $86–$87, supporting a neutral-to-bullish bias that favors capped upside and premium-selling/defined-risk bullish structures.

Where They Diverge

Flow indicates pockets of institutional accumulation at higher strikes suggesting a skewed upside breakout risk that would break the pin; this directly contradicts the directional thesis that dealer gamma will hold price pinned near $86.

Top Trade

via theta

Sell May 15 $86/$84 put spread for credit (theta play).

Key Risk

A decisive break and close below $85 (macro risk-off or a large sell block) flips dealer gamma positioning, removes the pin, and should accelerate downside toward $83.50 support.

How to Use These Reports

This ai consensus reflects the market close on April 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.