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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 20, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Conviction
7.0

out of 10

7 not 8 because the conflict between bullish flow (upside breakout) and the pin/theta thesis (range-bound) reduces alignment; however, all agree on current support and low vol, which still favors defined-risk trades.

Where Perspectives Agree

All three personas converge on a bullish pin near $84 driven by positive gamma, heavy call accumulation, and low volatility, with high confidence in a range-bound regime.

Where They Diverge

Flow shows aggressive call buying at strikes above $85 (e.g., $85C, $86.5C), suggesting upside breakout potential, while directional and theta see resistance at $85.62 and prefer reversion to pin – a direct conflict on the near-term direction.

Top Trade
via theta

Sell the June 18 $84/$82 put spread and $85/$87 call spread (iron condor) for net credit of approximately $0.65

Key Risk

Break below $83.25 flips gamma from positive to negative, triggering stop-loss cascade to $80 support; break above $85.62 faces heavy call OI wall at $90-$110, capping upside and reversing the pin.

How to Use These Reports
This ai consensus reflects the market close on May 20, 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.