Home Options TLTReports

TLT

iShares 20+ Year Treasury Bond ETFClose $84.80EOD only

Max Pain

$86.00

Next expiry May 15, 2026

Expected Move

±$0.51

0.6% from close

Price Gap

+1.20

Distance to max pain

IV Rank

High premium

P/C OI

0.66

Slightly call-heavy

Consensus

6.0/10

Consensus signal

Published snapshot: May 13, 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 13, 2026 close

TLT AI Consensus Report

Analysis based on market close May 14, 2026

Directional Theta Gang Flow Earnings Consensus

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

Conviction

5.5

out of 10

5.5 not 7 because negative gamma and low IV limit premium and amplify downside risk; if spot holds above $84, conviction could rise to 7.

Where Perspectives Agree

Bullish bias with heavy call buying, low vol, and spot near max pain suggest pinning, but negative dealer gamma (-$701M) requires caution.

Where They Diverge

Theta recommends waiting due to low IV and negative gamma, conflicting with bullish flow and directional that see upside potential. Also, upside resistance at $94 caps gains vs. gamma amplification risk.

Top Trade

via theta

Sell 2026-05-29 $84/$83 put spread for $0.20 credit — defined risk, profits from bullish pin, expires before binary event.

Key Risk

Break below $84 flips dealer gamma long and invalidates bullish pin — downside accelerates to $80 max pain.

How to Use These Reports

This ai consensus reflects the market close on May 14, 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.