TLT option chain iShares 20+ Year Treasury Bond ETF
Each row is one strike. The left half is the call, the right half the put. Bid/ask are what buyers and sellers currently quote; volume is contracts traded this session; open interest is standing contracts. The highlighted row sits closest to the stock price.
This expiration prices a move of about ±3.3% (77.48–82.70) · ATM IV 14.5% · P/C open interest 0.97
| CALLS | Strike | PUTS | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bid | Ask | Vol | OIThe number of option contracts currently outstanding at a strike or expiration. High open interest shows where positions are concentrated. | IV | ΔModel sensitivity of an option's price to a $1 move in the stock; also used as a rough moneyness scale (a 25-delta option is well out of the money). | Γ | Θ | Bid | Ask | Vol | OI | IV | Δ | Γ | Θ | |
| 20.00 | 20.25 | 41.8% | 1.00 | 0.0004 | -0.000 | 60 | 0 | 0.0100 | 8 | 36.9% | -0.00 | 0.0009 | -0.001 | |||
| 19.00 | 19.25 | 38.4% | 1.00 | 0.0005 | -0.001 | 61 | 0 | 0.0100 | 34.9% | -0.00 | 0.0011 | -0.001 | ||||
| 18.00 | 18.25 | 34.6% | 1.00 | 0.0006 | -0.001 | 62 | 0 | 0.0100 | 5 | 33.0% | -0.00 | 0.0013 | -0.001 | |||
| 17.00 | 17.25 | 28.7% | 1.00 | 0.0008 | -0.001 | 63 | 0 | 0.0100 | 31.1% | -0.00 | 0.0016 | -0.001 | ||||
| 16.00 | 16.25 | 1.00 | 0.0010 | -0.001 | 64 | 0 | 0.0100 | 21 | 29.2% | -0.00 | 0.0019 | -0.002 | ||||
| 15.00 | 15.25 | 1.00 | 0.0012 | -0.001 | 65 | 0 | 0.0100 | 2 | 8 | 27.3% | -0.01 | 0.0024 | -0.002 | |||
| 14.00 | 14.25 | 1.00 | 0.0016 | -0.001 | 66 | 0.0100 | 0.0200 | 321 | 28.7% | -0.01 | 0.0029 | -0.002 | ||||
| 13.00 | 13.25 | 1.00 | 0.0020 | -0.001 | 67 | 0.0100 | 0.0200 | 533 | 26.7% | -0.01 | 0.0037 | -0.002 | ||||
| 12.00 | 12.25 | 1.00 | 0.0027 | -0.001 | 68 | 0.0100 | 0.0200 | 378 | 24.7% | -0.01 | 0.0047 | -0.003 | ||||
| 11.00 | 11.25 | 0.99 | 0.0036 | -0.002 | 69 | 0.0100 | 0.0300 | 378 | 23.6% | -0.01 | 0.0061 | -0.003 | ||||
| 10.00 | 10.25 | 172 | 0.99 | 0.0050 | -0.002 | 70 | 0.0200 | 0.0300 | 475 | 22.2% | -0.02 | 0.0079 | -0.003 | |||
| 9.00 | 9.25 | 0.99 | 0.0071 | -0.003 | 71 | 0.0300 | 0.0400 | 524 | 21.1% | -0.02 | 0.0107 | -0.004 | ||||
| 8.05 | 8.30 | 11 | 21.4% | 0.98 | 0.0102 | -0.003 | 72 | 0.0400 | 0.0500 | 253 | 637 | 19.8% | -0.03 | 0.0145 | -0.005 | |
| 7.55 | 7.80 | 20.2% | 0.98 | 0.0125 | -0.004 | 72.5 | 0.0500 | 0.0600 | 347 | 392 | 19.4% | -0.03 | 0.0171 | -0.005 | ||
| 7.05 | 7.30 | 6 | 21 | 19.0% | 0.98 | 0.0153 | -0.004 | 73 | 0.0600 | 0.0700 | 357 | 1,881 | 18.8% | -0.04 | 0.0203 | -0.006 |
| 6.55 | 6.80 | 14 | 17.8% | 0.97 | 0.0188 | -0.005 | 73.5 | 0.0700 | 0.0800 | 336 | 450 | 18.1% | -0.05 | 0.0241 | -0.007 | |
| 6.05 | 6.25 | 3 | 13.3% | 0.96 | 0.0233 | -0.006 | 74 | 0.0900 | 0.1000 | 34 | 788 | 17.8% | -0.06 | 0.0288 | -0.008 | |
| 5.60 | 5.80 | 10 | 16.9% | 0.95 | 0.0288 | -0.007 | 74.5 | 0.1100 | 0.1200 | 23 | 6,135 | 17.3% | -0.07 | 0.0344 | -0.009 | |
| 5.10 | 5.30 | 45 | 590 | 15.7% | 0.94 | 0.0357 | -0.009 | 75 | 0.1300 | 0.1500 | 52 | 1,768 | 16.8% | -0.08 | 0.0412 | -0.010 |
| 4.65 | 4.80 | 3,150 | 15.5% | 0.93 | 0.0441 | -0.010 | 75.5 | 0.1600 | 0.1800 | 19 | 686 | 16.2% | -0.10 | 0.0492 | -0.011 | |
| 4.15 | 4.35 | 5 | 2,982 | 15.0% | 0.91 | 0.0541 | -0.012 | 76 | 0.2100 | 0.2300 | 58 | 1,135 | 16.0% | -0.12 | 0.0583 | -0.013 |
| 3.75 | 3.90 | 1 | 1,246 | 15.6% | 0.88 | 0.0654 | -0.014 | 76.5 | 0.2700 | 0.2900 | 277 | 1,379 | 15.7% | -0.15 | 0.0686 | -0.015 |
| 3.30 | 3.45 | 9 | 1,420 | 15.1% | 0.85 | 0.0778 | -0.016 | 77 | 0.3400 | 0.3600 | 232 | 2,068 | 15.4% | -0.19 | 0.0796 | -0.016 |
| 2.91 | 2.99 | 15 | 731 | 14.8% | 0.81 | 0.0907 | -0.018 | 77.5 | 0.4400 | 0.4600 | 151 | 3,328 | 15.2% | -0.23 | 0.0909 | -0.018 |
| 2.53 | 2.58 | 269 | 2,697 | 14.7% | 0.76 | 0.1034 | -0.020 | 78 | 0.5500 | 0.5800 | 87 | 2,469 | 15.0% | -0.27 | 0.1018 | -0.020 |
| 2.18 | 2.20 | 202 | 3,593 | 14.6% | 0.71 | 0.1144 | -0.022 | 78.5 | 0.6900 | 0.7200 | 275 | 1,947 | 14.8% | -0.33 | 0.1117 | -0.021 |
| 1.84 | 1.87 | 215 | 3,434 | 14.6% | 0.65 | 0.1232 | -0.023 | 79 | 0.8700 | 0.8900 | 1,070 | 41.1K | 14.6% | -0.39 | 0.1196 | -0.023 |
| 1.54 | 1.56 | 228 | 1,444 | 14.5% | 0.58 | 0.1288 | -0.024 | 79.5 | 1.07 | 1.10 | 796 | 3,089 | 14.5% | -0.45 | 0.1247 | -0.023 |
| 1.27 | 1.30 | 899 | 2,413 | 14.5% | 0.52 | 0.1306 | -0.024 | 80 | 1.31 | 1.34 | 1,758 | 1,999 | 14.5% | -0.51 | 0.1264 | -0.024 |
| 1.04 | 1.06 | 922 | 3,330 | 14.5% | 0.45 | 0.1284 | -0.024 | 80.5 | 1.59 | 1.62 | 421 | 476 | 14.5% | -0.57 | 0.1246 | -0.023 |
| 0.8500 | 0.8700 | 2,542 | 41.0K | 14.7% | 0.39 | 0.1228 | -0.023 | 81 | 1.90 | 1.93 | 1,002 | 807 | 14.5% | -0.63 | 0.1196 | -0.023 |
| 0.6800 | 0.7000 | 914 | 1,661 | 14.7% | 0.34 | 0.1146 | -0.022 | 81.5 | 2.24 | 2.28 | 100 | 280 | 14.6% | -0.69 | 0.1119 | -0.021 |
| 0.5500 | 0.5700 | 1,132 | 1,825 | 14.9% | 0.28 | 0.1048 | -0.021 | 82 | 2.60 | 2.66 | 24 | 250 | 14.7% | -0.74 | 0.1024 | -0.020 |
| 0.4300 | 0.4500 | 205 | 663 | 15.0% | 0.24 | 0.0942 | -0.019 | 82.5 | 2.99 | 3.10 | 9 | 15.1% | -0.78 | 0.0921 | -0.018 | |
| 0.3400 | 0.3600 | 177 | 1,089 | 15.2% | 0.20 | 0.0834 | -0.017 | 83 | 3.35 | 3.50 | 80 | 14.6% | -0.82 | 0.0813 | -0.017 | |
| 0.2700 | 0.2900 | 243 | 1,771 | 15.4% | 0.16 | 0.0728 | -0.015 | 83.5 | 3.80 | 3.95 | 3 | 75 | 15.1% | -0.85 | 0.0706 | -0.015 |
| 0.2200 | 0.2300 | 103 | 691 | 15.6% | 0.13 | 0.0628 | -0.013 | 84 | 4.25 | 4.40 | 23 | 100 | 15.3% | -0.88 | 0.0606 | -0.013 |
| 0.1400 | 0.1500 | 54 | 1,173 | 16.2% | 0.09 | 0.0459 | -0.010 | 85 | 5.15 | 5.35 | 21 | 60 | 15.6% | -0.92 | 0.0433 | -0.010 |
| 0.0900 | 0.1000 | 17 | 421 | 16.7% | 0.06 | 0.0333 | -0.008 | 86 | 6.10 | 6.30 | 20 | 15.6% | -0.95 | 0.0306 | -0.007 | |
| 0.0600 | 0.0800 | 5 | 311 | 17.7% | 0.04 | 0.0242 | -0.006 | 87 | 7.10 | 7.30 | 4 | 4 | 17.6% | -0.96 | 0.0219 | -0.006 |
| 0.0400 | 0.0600 | 363 | 615 | 18.5% | 0.03 | 0.0181 | -0.005 | 88 | 8.10 | 8.30 | 1,650 | 19.6% | -0.97 | 0.0160 | -0.005 | |
| 0.0300 | 0.0400 | 35 | 291 | 19.1% | 0.03 | 0.0137 | -0.004 | 89 | 9.05 | 9.30 | 1 | 19.6% | -0.98 | 0.0119 | -0.004 | |
| 0.0200 | 0.0400 | 309 | 352 | 20.3% | 0.02 | 0.0106 | -0.004 | 90 | 10.00 | 10.30 | 41 | 17.6% | -0.98 | 0.0091 | -0.003 | |
| 0.0200 | 0.0300 | 46 | 220 | 21.4% | 0.02 | 0.0084 | -0.003 | 91 | 11.00 | 11.25 | -0.99 | 0.0070 | -0.003 | |||
| 0.0200 | 0.0300 | 333 | 339 | 22.9% | 0.01 | 0.0067 | -0.003 | 92 | 12.00 | 12.25 | -0.99 | 0.0056 | -0.002 | |||
| 0.0100 | 0.0200 | 1 | 25.7% | 0.01 | 0.0037 | -0.002 | 95 | 15.00 | 15.25 | -0.99 | 0.0030 | -0.002 | ||||
| 0 | 0.0100 | 60 | 175 | 28.8% | 0.00 | 0.0017 | -0.001 | 100 | 20.00 | 20.25 | 22.2% | -1.00 | 0.0013 | -0.001 | ||
| 0 | 0.0100 | 34.3% | 0.00 | 0.0009 | -0.001 | 105 | 25.00 | 25.25 | 38.3% | -1.00 | 0.0007 | -0.001 | ||||
| 0 | 0.0100 | 39.5% | 0.00 | 0.0005 | -0.001 | 110 | 29.95 | 30.25 | -1.00 | 0.0004 | -0.000 | |||||
Strikes shown: within ±50% of the underlying price. Intrinsic value = max(0, price − strike) for calls, max(0, strike − price) for puts; extrinsic = option price − intrinsic. Greeks and IV as computed by the exchange feed.
Volatility smile — Nov 13, 2026
Volatility page →Implied volatility per strike for this expiration. Out-of-the-money puts usually price higher IV than calls — the skew.