TLT Options
TLT $80.70 · Updated Nov 10, 4:00 PM ET
TLT is at $80.70. The nearest expiration, Nov 11, 2026 (1 day out), lists 47 strikes, with 19,773 calls and 48,147 puts traded in the latest session. At-the-money implied volatility is 10.6%. The at-the-money straddle prices a move of about $0.52 (0.6%) by expiration.
TLT Options Chain
TLT is at $80.70. The nearest expiration, Nov 11, 2026 (1 day out), lists 47 strikes, with 19,773 calls and 48,147 puts traded in the latest session. At-the-money implied volatility is 10.6%. The at-the-money straddle prices a move of about $0.52 (0.6%) by expiration.
TLT Gamma Exposure (GEX)
TLT total dealer gamma exposure is $721M across all listed expirations. Positive GEX means dealers are net long gamma; their hedging tends to dampen price moves. The gamma flip is $79.87, with spot 1.0% above it. The call wall is $81.00 and the put wall $80.00.
TLT Max Pain
TLT max pain for Nov 11, 2026 (1 day out) is $81.00, 0.4% above the current $80.70. That is the settlement price at which the open contracts on that date would pay holders the least. For Dec 11, 2026, max pain is $82.00.
TLT Put/Call Ratio (Put to Call Ratio)
Across every listed TLT expiration, the put/call ratio is 0.35 by volume and 0.63 by open interest. More calls than puts are trading. 3,530,424 puts and 5,612,528 calls are open in total.
TLT Implied Volatility
TLT at-the-money implied volatility is 10.6% for Nov 11, 2026 (1 day out). For Dec 11, 2026 it is 11.6%. Longer-dated volatility is priced at or above near-term volatility, the normal upward-sloping term structure.
TLT Open Interest by Strike
Across all TLT expirations, the largest call open interest near the current $80.70 sits at the $90.00 strike (624,297 contracts) and the largest put open interest at $75.00 (331,310). 5,612,528 calls and 3,530,424 puts are open in total.
TLT Expected Move
The options market prices TLT to move about $0.52 (0.6%) by Nov 11, 2026, a range of $80.18 to $81.22. For Dec 11, 2026 (31 days out) the expected move is $2.26 (2.8%).