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TLT

iShares 20+ Year Treasury Bond ETFClose $85.50EOD only
Max Pain
$85.50
Next expiry Jun 5, 2026
Expected Move
±$0.44
0.5% from close
Price Gap
+0.00
Distance to max pain
IV Rank
9
Low premium
P/C OI
0.74
Slightly call-heavy
Consensus
7.0/10
Range bias
Published snapshot: Jun 4, 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
Jun 4, 2026 close
TLT AI Consensus Report
Analysis based on market close June 5, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Conviction
4.0

out of 10

4 not higher because directional thesis conflicts with bearish flow and theta views; low alignment reduces conviction. 4 not lower because the directional case has some merit (risk-off) but is undermined by positioning data.

Where Perspectives Agree

No strong consensus: directional bullish on flight to safety, but theta and flow see bearish pressure from put flow and dealer short gamma.

Where They Diverge

Directional expects upside to $85-86, but flow shows heavy put hedging and negative gamma, while theta recommends call credit spreads — directly opposite directional thesis.

Top Trade
via theta

Sell 2026-06-26 $86.00/$87.00 call spread for $0.35 credit — bearish defined-risk play that profits if TLT stays below $86.

Key Risk

Break above $85.50 resistance invalidates bearish thesis and accelerates upside to $87, as dealer short gamma flips to long and put hedges unwind.

How to Use These Reports
This ai consensus reflects the market close on June 5, 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.