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 ±3.8% (77.02–83.17) · ATM IV 14.1% · P/C open interest 0.41
| 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 | 31.7% | 1.00 | 0.0002 | -0.000 | 60 | 0 | 0.0100 | 62 | 30.3% | -0.00 | 0.0008 | -0.001 | |||
| 15.00 | 15.25 | 1.00 | 0.0012 | -0.001 | 65 | 0.0100 | 0.0200 | 11 | 25.4% | -0.01 | 0.0024 | -0.001 | ||||
| 14.00 | 14.25 | 1.00 | 0.0017 | -0.001 | 66 | 0.0100 | 0.0200 | 5 | 23.7% | -0.01 | 0.0031 | -0.001 | ||||
| 13.00 | 13.25 | 1.00 | 0.0025 | -0.001 | 67 | 0.0100 | 0.0300 | 321 | 321 | 22.9% | -0.01 | 0.0040 | -0.002 | |||
| 12.00 | 12.25 | 0.99 | 0.0036 | -0.001 | 68 | 0.0200 | 0.0300 | 216 | 21.8% | -0.01 | 0.0053 | -0.002 | ||||
| 11.00 | 11.25 | 0.99 | 0.0051 | -0.002 | 69 | 0.0300 | 0.0400 | 113 | 276 | 21.1% | -0.02 | 0.0070 | -0.003 | |||
| 10.00 | 10.25 | 0.99 | 0.0074 | -0.002 | 70 | 0.0400 | 0.0500 | 224 | 362 | 20.1% | -0.02 | 0.0094 | -0.003 | |||
| 9.05 | 9.30 | 19.3% | 0.98 | 0.0108 | -0.003 | 71 | 0.0500 | 0.0600 | 401 | 18.9% | -0.03 | 0.0127 | -0.004 | |||
| 8.55 | 8.80 | 50 | 18.2% | 0.98 | 0.0130 | -0.004 | 71.5 | 0.0600 | 0.0700 | 222 | 227 | 18.5% | -0.03 | 0.0148 | -0.004 | |
| 8.05 | 8.25 | 51 | 14.1% | 0.97 | 0.0156 | -0.004 | 72 | 0.0700 | 0.0800 | 345 | 345 | 17.9% | -0.04 | 0.0174 | -0.005 | |
| 7.55 | 7.80 | 16.2% | 0.97 | 0.0188 | -0.005 | 72.5 | 0.0800 | 0.0900 | 333 | 377 | 17.4% | -0.05 | 0.0203 | -0.005 | ||
| 7.10 | 7.30 | 11 | 16.7% | 0.96 | 0.0225 | -0.006 | 73 | 0.0900 | 0.1100 | 167 | 17.0% | -0.05 | 0.0237 | -0.006 | ||
| 6.60 | 6.80 | 11 | 15.6% | 0.95 | 0.0268 | -0.006 | 73.5 | 0.1100 | 0.1300 | 102 | 16.6% | -0.06 | 0.0277 | -0.007 | ||
| 6.15 | 6.30 | 15.6% | 0.94 | 0.0318 | -0.007 | 74 | 0.1400 | 0.1600 | 87 | 16.4% | -0.08 | 0.0323 | -0.007 | |||
| 5.65 | 5.85 | 24 | 15.3% | 0.92 | 0.0376 | -0.008 | 74.5 | 0.1700 | 0.1900 | 2 | 147 | 16.0% | -0.09 | 0.0376 | -0.008 | |
| 5.20 | 5.40 | 13 | 15.5% | 0.91 | 0.0440 | -0.009 | 75 | 0.2100 | 0.2300 | 59 | 189 | 15.8% | -0.11 | 0.0436 | -0.009 | |
| 4.75 | 4.90 | 35 | 14.8% | 0.88 | 0.0511 | -0.011 | 75.5 | 0.2500 | 0.2700 | 99 | 225 | 15.3% | -0.13 | 0.0505 | -0.010 | |
| 4.30 | 4.45 | 438 | 14.6% | 0.86 | 0.0587 | -0.012 | 76 | 0.3200 | 0.3400 | 26 | 102 | 15.2% | -0.15 | 0.0580 | -0.011 | |
| 3.90 | 4.05 | 929 | 14.9% | 0.83 | 0.0666 | -0.013 | 76.5 | 0.3900 | 0.4100 | 1,629 | 698 | 14.9% | -0.18 | 0.0660 | -0.013 | |
| 3.50 | 3.65 | 1 | 140 | 14.8% | 0.80 | 0.0746 | -0.014 | 77 | 0.4800 | 0.5000 | 568 | 748 | 14.8% | -0.21 | 0.0743 | -0.014 |
| 3.10 | 3.20 | 460 | 678 | 14.3% | 0.76 | 0.0824 | -0.015 | 77.5 | 0.5800 | 0.6100 | 30 | 194 | 14.5% | -0.25 | 0.0825 | -0.015 |
| 2.78 | 2.82 | 13 | 1,154 | 14.4% | 0.72 | 0.0894 | -0.016 | 78 | 0.7100 | 0.7400 | 224 | 564 | 14.4% | -0.29 | 0.0905 | -0.016 |
| 2.43 | 2.47 | 55 | 785 | 14.3% | 0.67 | 0.0956 | -0.017 | 78.5 | 0.8700 | 0.9000 | 9 | 89 | 14.3% | -0.34 | 0.0976 | -0.017 |
| 2.11 | 2.14 | 322 | 2,612 | 14.2% | 0.62 | 0.1004 | -0.018 | 79 | 1.05 | 1.08 | 12 | 66 | 14.2% | -0.39 | 0.1034 | -0.018 |
| 1.82 | 1.85 | 44 | 546 | 14.2% | 0.57 | 0.1036 | -0.018 | 79.5 | 1.25 | 1.29 | 15 | 14.1% | -0.44 | 0.1074 | -0.019 | |
| 1.55 | 1.58 | 153 | 876 | 14.1% | 0.52 | 0.1050 | -0.018 | 80 | 1.49 | 1.53 | 212 | 190 | 14.1% | -0.50 | 0.1095 | -0.019 |
| 1.31 | 1.34 | 40 | 1,276 | 14.1% | 0.47 | 0.1045 | -0.018 | 80.5 | 1.76 | 1.80 | 290 | 14.0% | -0.55 | 0.1095 | -0.019 | |
| 1.11 | 1.13 | 186 | 1,469 | 14.1% | 0.42 | 0.1022 | -0.018 | 81 | 2.06 | 2.10 | 20 | 78 | 14.1% | -0.61 | 0.1073 | -0.019 |
| 0.9300 | 0.9500 | 37 | 600 | 14.2% | 0.37 | 0.0982 | -0.017 | 81.5 | 2.39 | 2.43 | 329 | 488 | 14.1% | -0.66 | 0.1030 | -0.018 |
| 0.7800 | 0.8000 | 133 | 742 | 14.3% | 0.32 | 0.0928 | -0.017 | 82 | 2.74 | 2.79 | 46 | 47 | 14.2% | -0.70 | 0.0972 | -0.017 |
| 0.6500 | 0.6700 | 19 | 504 | 14.4% | 0.28 | 0.0865 | -0.016 | 82.5 | 3.10 | 3.20 | 1 | 7 | 14.4% | -0.75 | 0.0900 | -0.016 |
| 0.5400 | 0.5600 | 276 | 697 | 14.6% | 0.24 | 0.0795 | -0.015 | 83 | 3.50 | 3.60 | 3 | 14.5% | -0.79 | 0.0821 | -0.015 | |
| 0.3700 | 0.3900 | 264 | 1,030 | 14.9% | 0.18 | 0.0651 | -0.013 | 84 | 4.30 | 4.50 | 14.8% | -0.85 | 0.0656 | -0.013 | ||
| 0.2600 | 0.2800 | 441 | 680 | 15.4% | 0.13 | 0.0517 | -0.011 | 85 | 5.20 | 5.40 | 40 | 15.0% | -0.89 | 0.0503 | -0.010 | |
| 0.1900 | 0.2000 | 351 | 503 | 15.9% | 0.10 | 0.0405 | -0.009 | 86 | 6.15 | 6.35 | 41 | 41 | 15.7% | -0.93 | 0.0377 | -0.008 |
| 0.1400 | 0.1500 | 16 | 421 | 16.6% | 0.07 | 0.0316 | -0.007 | 87 | 7.10 | 7.30 | 15.7% | -0.95 | 0.0279 | -0.006 | ||
| 0.1000 | 0.1200 | 4 | 125 | 17.2% | 0.06 | 0.0246 | -0.006 | 88 | 8.10 | 8.30 | 17.4% | -0.96 | 0.0206 | -0.005 | ||
| 0.0800 | 0.0900 | 222 | 346 | 17.9% | 0.04 | 0.0193 | -0.005 | 89 | 9.05 | 9.30 | 17.6% | -0.97 | 0.0153 | -0.004 | ||
| 0.0600 | 0.0700 | 141 | 486 | 18.5% | 0.03 | 0.0152 | -0.004 | 90 | 10.05 | 10.30 | 19.2% | -0.98 | 0.0115 | -0.003 | ||
| 0.0200 | 0.0300 | 333 | 342 | 22.1% | 0.01 | 0.0058 | -0.002 | 95 | 15.00 | 15.25 | -0.99 | 0.0035 | -0.001 | |||
| 0.0100 | 0.0200 | 44 | 26.1% | 0.01 | 0.0030 | -0.002 | 100 | 20.00 | 20.25 | 26.7% | -1.00 | 0.0016 | -0.001 | |||
| 0.0100 | 0.0200 | 26 | 31.1% | 0.01 | 0.0019 | -0.002 | 105 | 24.95 | 25.25 | -1.00 | 0.0010 | -0.001 | ||||
| 0 | 0.0100 | 32.1% | 0.00 | 0.0014 | -0.001 | 110 | 29.95 | 30.25 | -1.00 | 0.0007 | -0.001 | |||||
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 27, 2026
Volatility page →Implied volatility per strike for this expiration. Out-of-the-money puts usually price higher IV than calls — the skew.