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TLT

iShares 20+ Year Treasury Bond ETFClose $83.91EOD only
Max Pain
$85.00
Next expiry May 22, 2026
Expected Move
±$0.67
0.8% from close
Price Gap
+1.09
Distance to max pain
IV Rank
26
Middle-high premium
P/C OI
0.78
Slightly call-heavy
Consensus
7.0/10
Bullish tilt
Published snapshot: May 20, 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 20, 2026 close
TLT AI Consensus Report
Analysis based on market close May 19, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from May 19, 2026. A newer ai consensus report is available for May 20, 2026.

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Conviction
7.0

out of 10

7 not 8 because theta's low-IV caution directly undercuts the directional bull strategy, reducing alignment — if IV rises or spot holds $80 through the week, conviction would be higher.

Where Perspectives Agree

Bullish pin toward $84 driven by dealer short-gamma amplifying squeeze, positive flow from unusual call activity, and spot below max pain — all reinforce the same upward bias with resistance overhead.

Where They Diverge

Directional recommends buying call spreads (premium long) while theta warns IV is too low to justify buying premium, suggesting waiting instead; flow sees bullish breakout but GEX negative implies pin rather than breakout.

Top Trade
via directional

Buy 2026-06-05 $84.50/$85.50 call spread for $0.35 debit — defined risk, profits from pin to $84, expires before next catalyst.

Key Risk

Break below $80 flips dealer gamma long and triggers stop-loss cascade — downside accelerates to $78 gap fill.

How to Use These Reports
This ai consensus reflects the market close on May 19, 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.