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 ±1.8% (80.47–83.43) · ATM IV 10.7% · P/C open interest 0.67
| 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 | |
| 27.00 | 27.15 | 70.7% | 1.00 | 0.0000 | 0.000 | 55 | 0 | 0.0100 | 24.6K | 66.3% | 0.00 | 0.0000 | 0.000 | |||
| 22.00 | 22.15 | 1.00 | 0.0000 | 0.000 | 60 | 0 | 0.0100 | 3,839 | 52.9% | 0.00 | 0.0000 | 0.000 | ||||
| 17.00 | 17.15 | 1.00 | 0.0000 | 0.000 | 65 | 0 | 0.0100 | 2,466 | 40.4% | 0.00 | 0.0000 | 0.000 | ||||
| 12.05 | 12.20 | 53 | 238 | 34.9% | 1.00 | 0.0003 | 0.000 | 70 | 0 | 0.0100 | 3,741 | 28.5% | -0.00 | 0.0003 | -0.000 | |
| 11.05 | 11.20 | 1 | 31.8% | 1.00 | 0.0006 | 0.000 | 71 | 0 | 0.0100 | 547 | 26.2% | -0.00 | 0.0006 | -0.000 | ||
| 10.05 | 10.20 | 150 | 23 | 28.7% | 1.00 | 0.0010 | 0.000 | 72 | 0 | 0.0100 | 2,919 | 23.9% | -0.00 | 0.0010 | -0.000 | |
| 9.05 | 9.20 | 1.00 | 0.0018 | 0.000 | 73 | 0 | 0.0100 | 2,181 | 21.6% | -0.00 | 0.0018 | -0.001 | ||||
| 8.05 | 8.20 | 6 | 22.8% | 1.00 | 0.0033 | 0.000 | 74 | 0 | 0.0100 | 3,659 | 19.4% | -0.00 | 0.0033 | -0.001 | ||
| 7.05 | 7.20 | 39 | 171 | 19.9% | 0.99 | 0.0060 | -0.001 | 75 | 0 | 0.0100 | 21 | 35.8K | 17.1% | -0.01 | 0.0061 | -0.002 |
| 6.05 | 6.20 | 8 | 81 | 17.0% | 0.99 | 0.0110 | -0.002 | 76 | 0.0100 | 0.0200 | 6 | 3,009 | 17.1% | -0.01 | 0.0111 | -0.003 |
| 5.05 | 5.20 | 27 | 14.2% | 0.98 | 0.0193 | -0.003 | 77 | 0.0200 | 0.0300 | 44 | 52.1K | 15.7% | -0.02 | 0.0196 | -0.004 | |
| 4.55 | 4.70 | 12.8% | 0.97 | 0.0255 | -0.004 | 77.5 | 0.0200 | 0.0300 | 1 | 1,373 | 14.4% | -0.03 | 0.0259 | -0.005 | ||
| 4.10 | 4.20 | 209 | 13.9% | 0.96 | 0.0338 | -0.005 | 78 | 0.0300 | 0.0400 | 4,649 | 42.9K | 13.8% | -0.04 | 0.0344 | -0.006 | |
| 3.60 | 3.75 | 13.8% | 0.95 | 0.0454 | -0.006 | 78.5 | 0.0400 | 0.0500 | 13 | 3,317 | 13.0% | -0.05 | 0.0462 | -0.007 | ||
| 3.15 | 3.25 | 10 | 203 | 13.3% | 0.93 | 0.0614 | -0.008 | 79 | 0.0600 | 0.0700 | 194 | 33.4K | 12.5% | -0.07 | 0.0627 | -0.009 |
| 2.68 | 2.76 | 163 | 48 | 12.3% | 0.90 | 0.0832 | -0.011 | 79.5 | 0.0900 | 0.1000 | 21 | 178 | 12.0% | -0.10 | 0.0851 | -0.011 |
| 2.23 | 2.30 | 458 | 2,547 | 11.6% | 0.86 | 0.1108 | -0.013 | 80 | 0.1400 | 0.1500 | 2,450 | 65.2K | 11.6% | -0.14 | 0.1136 | -0.014 |
| 1.81 | 1.86 | 4 | 91 | 11.3% | 0.80 | 0.1425 | -0.017 | 80.5 | 0.2100 | 0.2200 | 679 | 3,060 | 11.2% | -0.20 | 0.1465 | -0.017 |
| 1.43 | 1.46 | 771 | 9,214 | 11.0% | 0.73 | 0.1744 | -0.020 | 81 | 0.3200 | 0.3300 | 1,710 | 65.2K | 11.0% | -0.28 | 0.1798 | -0.021 |
| 1.09 | 1.10 | 963 | 645 | 10.9% | 0.64 | 0.2013 | -0.022 | 81.5 | 0.4700 | 0.4900 | 466 | 3,936 | 10.9% | -0.38 | 0.2087 | -0.023 |
| 0.7900 | 0.8000 | 3,013 | 88.9K | 10.7% | 0.53 | 0.2167 | -0.023 | 82 | 0.6800 | 0.6900 | 3,809 | 115.4K | 10.6% | -0.48 | 0.2259 | -0.024 |
| 0.5500 | 0.5600 | 6,003 | 4,849 | 10.6% | 0.42 | 0.2157 | -0.022 | 82.5 | 0.9400 | 0.9600 | 394 | 5,928 | 10.5% | -0.60 | 0.2263 | -0.023 |
| 0.3700 | 0.3800 | 3,697 | 90.6K | 10.4% | 0.32 | 0.1976 | -0.020 | 83 | 1.27 | 1.28 | 2,933 | 77.9K | 10.5% | -0.71 | 0.2093 | -0.021 |
| 0.2400 | 0.2500 | 3,529 | 19.8K | 10.7% | 0.23 | 0.1669 | -0.017 | 83.5 | 1.63 | 1.68 | 78 | 760 | 10.4% | -0.80 | 0.1841 | -0.018 |
| 0.1600 | 0.1700 | 9,175 | 51.4K | 11.0% | 0.16 | 0.1323 | -0.014 | 84 | 2.06 | 2.12 | 463 | 12.6K | 10.7% | -0.88 | 0.1548 | -0.017 |
| 0.1000 | 0.1100 | 96 | 13.8K | 11.2% | 0.12 | 0.1012 | -0.012 | 84.5 | 2.52 | 2.59 | 39 | 21 | 10.7% | -0.93 | 0.1327 | -0.015 |
| 0.0700 | 0.0800 | 1,130 | 100.6K | 11.7% | 0.09 | 0.0771 | -0.010 | 85 | 3.00 | 3.10 | 305 | 11.8K | 11.8% | -0.97 | 0.0970 | -0.012 |
| 0.0500 | 0.0600 | 15 | 10.4K | 12.3% | 0.07 | 0.0588 | -0.008 | 85.5 | 3.45 | 3.60 | 56 | 50 | -0.99 | 0.0508 | -0.011 | |
| 0.0400 | 0.0500 | 8,130 | 50.6K | 13.2% | 0.05 | 0.0458 | -0.007 | 86 | 3.95 | 4.10 | 154 | 21.6K | -1.00 | 0.0228 | -0.009 | |
| 0.0300 | 0.0400 | 272 | 403 | 13.8% | 0.04 | 0.0359 | -0.006 | 86.5 | 4.45 | 4.60 | 25 | -1.00 | 0.0079 | -0.009 | ||
| 0.0300 | 0.0400 | 384 | 35.5K | 15.0% | 0.03 | 0.0285 | -0.005 | 87 | 4.95 | 5.10 | 361 | 10.8K | -1.00 | 0.0000 | -0.009 | |
| 0.0200 | 0.0300 | 23 | 7,589 | 15.4% | 0.03 | 0.0228 | -0.005 | 87.5 | 5.45 | 5.60 | 26 | -1.00 | 0.0000 | -0.009 | ||
| 0.0200 | 0.0300 | 39 | 31.3K | 16.5% | 0.02 | 0.0185 | -0.004 | 88 | 5.95 | 6.10 | 88 | 198 | -1.00 | 0.0000 | -0.009 | |
| 0.0100 | 0.0200 | 2 | 34.2K | 17.4% | 0.01 | 0.0124 | -0.003 | 89 | 6.95 | 7.10 | 100 | 173 | -1.00 | 0.0000 | -0.009 | |
| 0 | 0.0100 | 1,101 | 32.4K | 17.1% | 0.01 | 0.0086 | -0.003 | 90 | 7.95 | 8.10 | 10 | 193 | -1.00 | 0.0000 | -0.009 | |
| 0 | 0.0100 | 4 | 21.7K | 18.9% | 0.01 | 0.0061 | -0.002 | 91 | 8.95 | 9.10 | 7 | 50 | -1.00 | 0.0000 | -0.009 | |
| 0 | 0.0100 | 10.4K | 20.7% | 0.01 | 0.0044 | -0.002 | 92 | 9.95 | 10.10 | 2 | 4,599 | -1.00 | 0.0000 | -0.009 | ||
| 0 | 0.0100 | 25.2K | 22.4% | 0.00 | 0.0032 | -0.001 | 93 | 10.95 | 11.10 | 51 | -1.00 | 0.0000 | -0.009 | |||
| 0 | 0.0100 | 2 | 21.2K | 24.2% | 0.00 | 0.0024 | -0.001 | 94 | 11.95 | 12.10 | -1.00 | 0.0000 | -0.009 | |||
| 0 | 0.0100 | 18 | 81.9K | 25.8% | 0.00 | 0.0018 | -0.001 | 95 | 12.95 | 13.10 | -1.00 | 0.0000 | -0.009 | |||
| 0 | 0.0100 | 26 | 25.0K | 27.5% | 0.00 | 0.0014 | -0.001 | 96 | 13.95 | 14.10 | 1,000 | -1.00 | 0.0000 | -0.009 | ||
| 0 | 0.0100 | 21.2K | 29.1% | 0.00 | 0.0011 | -0.001 | 97 | 14.95 | 15.10 | -1.00 | 0.0000 | -0.009 | ||||
| 0 | 0.0100 | 32 | 4,453 | 30.7% | 0.00 | 0.0009 | -0.001 | 98 | 15.95 | 16.10 | -1.00 | 0.0000 | -0.009 | |||
| 0 | 0.0100 | 697 | 32.3% | 0.00 | 0.0007 | -0.000 | 99 | 16.95 | 17.10 | -1.00 | 0.0000 | -0.009 | ||||
| 0 | 0.0100 | 21.5K | 33.8% | 0.00 | 0.0006 | -0.000 | 100 | 17.95 | 18.10 | -1.00 | 0.0000 | -0.009 | ||||
| 0 | 0.0100 | 1,237 | 35.4% | 0.00 | 0.0005 | -0.000 | 101 | 18.95 | 19.10 | -1.00 | 0.0000 | -0.009 | ||||
| 0 | 0.0100 | 1,700 | 36.9% | 0.00 | 0.0004 | -0.000 | 102 | 19.95 | 20.10 | -1.00 | 0.0000 | -0.009 | ||||
| 0 | 0.0100 | 6,306 | 38.4% | 0.00 | 0.0003 | -0.000 | 103 | 20.95 | 21.10 | -1.00 | 0.0000 | -0.009 | ||||
| 0 | 0.0100 | 21.1K | 41.3% | 0.00 | 0.0002 | -0.000 | 105 | 22.95 | 23.10 | -1.00 | 0.0000 | -0.009 | ||||
| 0 | 0.0100 | 11.6K | 48.2% | 0.00 | 0.0001 | -0.000 | 110 | 27.95 | 28.10 | -1.00 | 0.0000 | -0.009 | ||||
| 0 | 0.0100 | 2,521 | 54.8% | 0.00 | 0.0000 | 0.000 | 115 | 32.95 | 33.10 | -1.00 | 0.0000 | -0.009 | ||||
| 0 | 0.0100 | 52.9K | 60.9% | 0.00 | 0.0000 | 0.000 | 120 | 37.95 | 38.10 | -1.00 | 0.0000 | -0.009 | ||||
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 — Sep 18, 2026
Volatility page →Implied volatility per strike for this expiration. Out-of-the-money puts usually price higher IV than calls — the skew.