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TLT

iShares 20+ Year Treasury Bond ETFClose $84.99EOD only
Max Pain
$86.00
Next expiry May 13, 2026
Expected Move
±$0.33
0.4% from close
Price Gap
+1.01
Distance to max pain
IV Rank
54
Middle-high premium
P/C OI
0.65
Slightly call-heavy
Consensus
6.5/10
Consensus signal
Published snapshot: May 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
May 12, 2026 close
TLT AI Consensus Report
Analysis based on market close May 13, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Conviction
6.0

out of 10

6 not 7 because the conflict between bullish flow and neutral theta reduces confidence; alignment on short gamma prevents lower score.

Where Perspectives Agree

Dealer short gamma (-$902M) amplifies any directional move, with spot at max pain $86 creating a magnetic pin.

Where They Diverge

Flow sees heavy call buying and bullish sentiment, while Theta recommends neutral calendar spreads, directly conflicting on directional bias.

Top Trade
via flow

Buy Jun 5 $84/$86 call spread for $0.50 debit — bullish flow thesis with defined risk, expires before potential gamma squeeze.

Key Risk

Break below $84.30 invalidates bullish flow and triggers stop-loss cascade, exposing downside to $82.50 support.

How to Use These Reports
This ai consensus reflects the market close on May 13, 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.