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 ±6.3% (75.11–85.24) · ATM IV 13.6% · P/C open interest 0.52
| 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 | |
| 28.20 | 32.25 | 1.00 | 0.0000 | 0.000 | 50 | 0 | 0.0200 | 548 | 29.9% | -0.00 | 0.0007 | -0.001 | ||||
| 23.20 | 27.30 | 1.00 | 0.0000 | 0.000 | 55 | 0.0100 | 0.0300 | 770 | 26.1% | -0.01 | 0.0013 | -0.001 | ||||
| 18.25 | 22.30 | 26.4% | 1.00 | 0.0001 | 0.000 | 60 | 0.0200 | 0.0400 | 397 | 21.6% | -0.01 | 0.0027 | -0.001 | |||
| 17.25 | 21.30 | 24.6% | 1.00 | 0.0002 | 0.000 | 61 | 0.0300 | 0.0500 | 322 | 21.3% | -0.01 | 0.0031 | -0.001 | |||
| 16.25 | 20.30 | 22.9% | 1.00 | 0.0004 | 0.000 | 62 | 0.0400 | 0.0500 | 304 | 20.5% | -0.01 | 0.0037 | -0.001 | |||
| 15.25 | 19.30 | 21.2% | 1.00 | 0.0008 | 0.000 | 63 | 0.0400 | 0.0600 | 288 | 19.7% | -0.02 | 0.0044 | -0.001 | |||
| 14.25 | 18.30 | 19.3% | 1.00 | 0.0014 | 0.000 | 64 | 0.0500 | 0.0700 | 361 | 19.1% | -0.02 | 0.0053 | -0.002 | |||
| 13.25 | 17.30 | 5 | 1.00 | 0.0023 | 0.000 | 65 | 0.0600 | 0.0800 | 908 | 18.4% | -0.02 | 0.0064 | -0.002 | |||
| 12.25 | 16.30 | 0.99 | 0.0039 | 0.000 | 66 | 0.0800 | 0.1000 | 2 | 321 | 17.9% | -0.03 | 0.0078 | -0.002 | |||
| 11.25 | 15.30 | 0.99 | 0.0063 | 0.000 | 67 | 0.1000 | 0.1200 | 111 | 291 | 17.4% | -0.03 | 0.0096 | -0.002 | |||
| 11.10 | 13.65 | 19.4% | 0.98 | 0.0097 | -0.001 | 68 | 0.1200 | 0.1400 | 378 | 16.7% | -0.04 | 0.0118 | -0.003 | |||
| 10.00 | 12.40 | 20 | 0.97 | 0.0138 | -0.002 | 69 | 0.1600 | 0.1700 | 1 | 180 | 16.2% | -0.05 | 0.0146 | -0.003 | ||
| 10.15 | 10.65 | 10 | 37 | 17.0% | 0.96 | 0.0186 | -0.003 | 70 | 0.2000 | 0.2200 | 1 | 8,406 | 15.7% | -0.07 | 0.0180 | -0.004 |
| 7.50 | 10.80 | 1 | 0.94 | 0.0234 | -0.004 | 71 | 0.2700 | 0.2900 | 3 | 266 | 15.5% | -0.08 | 0.0221 | -0.004 | ||
| 6.65 | 10.25 | 159 | 14.8% | 0.91 | 0.0280 | -0.004 | 72 | 0.3500 | 0.3700 | 1,467 | 15.1% | -0.11 | 0.0267 | -0.005 | ||
| 6.25 | 7.90 | 73 | 0.89 | 0.0327 | -0.005 | 73 | 0.4600 | 0.4700 | 28 | 569 | 14.8% | -0.13 | 0.0322 | -0.006 | ||
| 6.60 | 6.80 | 3,035 | 14.5% | 0.85 | 0.0380 | -0.006 | 74 | 0.5900 | 0.6100 | 8,180 | 14.5% | -0.17 | 0.0381 | -0.007 | ||
| 5.80 | 5.95 | 4 | 1,336 | 14.3% | 0.81 | 0.0437 | -0.007 | 75 | 0.7700 | 0.7900 | 31 | 9,581 | 14.3% | -0.21 | 0.0443 | -0.008 |
| 5.05 | 5.15 | 124 | 14.1% | 0.76 | 0.0495 | -0.008 | 76 | 0.9900 | 1.03 | 5 | 1,610 | 14.1% | -0.25 | 0.0504 | -0.008 | |
| 4.30 | 4.40 | 1 | 1,409 | 13.8% | 0.71 | 0.0550 | -0.009 | 77 | 1.27 | 1.30 | 1 | 24.2K | 13.9% | -0.31 | 0.0560 | -0.009 |
| 3.65 | 3.75 | 5 | 1,770 | 13.8% | 0.65 | 0.0596 | -0.009 | 78 | 1.60 | 1.64 | 1 | 9,269 | 13.8% | -0.36 | 0.0606 | -0.010 |
| 3.05 | 3.15 | 38 | 15.8K | 13.7% | 0.59 | 0.0629 | -0.010 | 79 | 2.00 | 2.05 | 6 | 1,100 | 13.7% | -0.43 | 0.0640 | -0.010 |
| 2.55 | 2.59 | 158 | 7,928 | 13.7% | 0.53 | 0.0646 | -0.010 | 80 | 2.47 | 2.52 | 13 | 19.7K | 13.6% | -0.49 | 0.0656 | -0.010 |
| 2.09 | 2.13 | 10 | 5,990 | 13.7% | 0.47 | 0.0644 | -0.010 | 81 | 3.00 | 3.10 | 9,373 | 13.7% | -0.56 | 0.0654 | -0.010 | |
| 1.70 | 1.73 | 20 | 5,322 | 13.7% | 0.41 | 0.0626 | -0.010 | 82 | 3.60 | 3.70 | 21 | 1,759 | 13.6% | -0.62 | 0.0635 | -0.010 |
| 1.37 | 1.40 | 63 | 5,593 | 13.7% | 0.35 | 0.0593 | -0.009 | 83 | 4.30 | 4.40 | 3,797 | 13.8% | -0.68 | 0.0600 | -0.009 | |
| 1.10 | 1.12 | 11 | 3,124 | 13.8% | 0.30 | 0.0548 | -0.009 | 84 | 5.00 | 5.15 | 9 | 5,343 | 13.8% | -0.73 | 0.0553 | -0.008 |
| 0.8800 | 0.9100 | 97 | 4,528 | 14.0% | 0.25 | 0.0497 | -0.008 | 85 | 5.80 | 5.95 | 2,923 | 14.0% | -0.78 | 0.0499 | -0.008 | |
| 0.7100 | 0.7400 | 2 | 891 | 14.2% | 0.21 | 0.0444 | -0.007 | 86 | 5.30 | 8.10 | 1,570 | 14.1% | -0.82 | 0.0442 | -0.007 | |
| 0.5800 | 0.6000 | 11.5K | 14.5% | 0.17 | 0.0391 | -0.007 | 87 | 7.05 | 7.75 | 6,567 | 12.6% | -0.85 | 0.0386 | -0.006 | ||
| 0.4700 | 0.5000 | 47 | 2,357 | 14.8% | 0.15 | 0.0342 | -0.006 | 88 | 7.40 | 8.75 | 940 | -0.88 | 0.0333 | -0.005 | ||
| 0.3900 | 0.4100 | 25 | 8,835 | 15.0% | 0.12 | 0.0298 | -0.006 | 89 | 8.35 | 10.65 | 192 | 16.2% | -0.90 | 0.0286 | -0.004 | |
| 0.3200 | 0.3400 | 1 | 25.9K | 15.3% | 0.11 | 0.0259 | -0.005 | 90 | 9.75 | 10.50 | 258 | 9.7% | -0.92 | 0.0244 | -0.004 | |
| 0.2700 | 0.3000 | 17.6K | 15.8% | 0.09 | 0.0225 | -0.005 | 91 | 10.15 | 12.50 | 236 | 16.3% | -0.93 | 0.0208 | -0.003 | ||
| 0.2300 | 0.2500 | 6,921 | 16.1% | 0.08 | 0.0196 | -0.004 | 92 | 11.15 | 13.55 | 37 | 17.8% | -0.94 | 0.0178 | -0.002 | ||
| 0.2000 | 0.2200 | 10.4K | 16.6% | 0.07 | 0.0170 | -0.004 | 93 | 11.30 | 15.20 | 207 | 17.2% | -0.95 | 0.0152 | -0.002 | ||
| 0.1700 | 0.1900 | 6,270 | 16.9% | 0.06 | 0.0149 | -0.004 | 94 | 13.10 | 15.50 | 14 | 19.2% | -0.96 | 0.0131 | -0.001 | ||
| 0.1500 | 0.1700 | 5,874 | 17.4% | 0.05 | 0.0131 | -0.003 | 95 | 13.25 | 16.70 | 168 | -0.96 | 0.0112 | -0.001 | |||
| 0.1300 | 0.1500 | 2,075 | 17.8% | 0.04 | 0.0115 | -0.003 | 96 | 14.25 | 18.10 | 4 | 18.7% | -0.97 | 0.0097 | -0.001 | ||
| 0.1100 | 0.1300 | 1 | 1,178 | 18.1% | 0.04 | 0.0102 | -0.003 | 97 | 15.20 | 19.10 | 4 | 19.0% | -0.97 | 0.0084 | -0.000 | |
| 0.1000 | 0.1200 | 4,026 | 18.6% | 0.03 | 0.0090 | -0.003 | 98 | 17.05 | 19.45 | 30 | 22.5% | -0.98 | 0.0073 | 0.000 | ||
| 0.0900 | 0.1100 | 320 | 19.1% | 0.03 | 0.0080 | -0.002 | 99 | 17.20 | 21.05 | 236 | 20.2% | -0.98 | 0.0064 | 0.000 | ||
| 0.0800 | 0.1000 | 19.4K | 19.4% | 0.03 | 0.0072 | -0.002 | 100 | 19.00 | 21.40 | 167 | 23.4% | -0.98 | 0.0056 | 0.000 | ||
| 0.0700 | 0.0900 | 493 | 19.8% | 0.03 | 0.0065 | -0.002 | 101 | 19.05 | 23.15 | 14 | 21.4% | -0.98 | 0.0049 | 0.000 | ||
| 0.0600 | 0.0800 | 290 | 20.1% | 0.02 | 0.0058 | -0.002 | 102 | 20.05 | 24.10 | 56 | 21.3% | -0.99 | 0.0044 | 0.000 | ||
| 0.0500 | 0.0600 | 1,102 | 21.3% | 0.02 | 0.0044 | -0.002 | 105 | 23.05 | 27.10 | 24.5% | -0.99 | 0.0031 | 0.000 | |||
| 0.0300 | 0.0500 | 25.7K | 23.4% | 0.01 | 0.0029 | -0.001 | 110 | 28.00 | 32.05 | 27.3% | -0.99 | 0.0020 | 0.000 | |||
| 0.0200 | 0.0300 | 150 | 25.2K | 24.8% | 0.01 | 0.0021 | -0.001 | 115 | 33.00 | 37.05 | 31.9% | -1.00 | 0.0009 | 0.000 | ||
| 0.0200 | 0.0400 | 111 | 983 | 27.9% | 0.01 | 0.0015 | -0.001 | 120 | 37.95 | 42.05 | 34.9% | -1.00 | 0.0003 | 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 — Feb 19, 2027
Volatility page →Implied volatility per strike for this expiration. Out-of-the-money puts usually price higher IV than calls — the skew.