TLT Options
TLT $81.61 · Updated Oct 26, 4:00 PM ET
TLT is at $81.61. The nearest expiration, Oct 28, 2026 (2 days out), lists 47 strikes, with 34,230 calls and 26,515 puts traded in the latest session. At-the-money implied volatility is 13.5%. The at-the-money straddle prices a move of about $0.67 (0.8%) by expiration.
TLT Options Chain
TLT is at $81.61. The nearest expiration, Oct 28, 2026 (2 days out), lists 47 strikes, with 34,230 calls and 26,515 puts traded in the latest session. At-the-money implied volatility is 13.5%. The at-the-money straddle prices a move of about $0.67 (0.8%) by expiration.
TLT Gamma Exposure (GEX)
TLT total dealer gamma exposure is $1.13B across all listed expirations. Positive GEX means dealers are net long gamma; their hedging tends to dampen price moves. The gamma flip is $78.43, with spot 4.1% above it. The call wall is $82.00 and the put wall $80.00.
TLT Max Pain
TLT max pain for Oct 28, 2026 (2 days out) is $80.50, 1.4% below the current $81.61. That is the settlement price at which the open contracts on that date would pay holders the least. For Nov 27, 2026, max pain is $78.50.
TLT Put/Call Ratio
Across every listed TLT expiration, the put/call ratio is 0.97 by volume and 0.60 by open interest. More calls than puts are trading. 3,344,505 puts and 5,558,950 calls are open in total.
TLT Implied Volatility
TLT at-the-money implied volatility is 13.5% for Oct 28, 2026 (2 days out). For Nov 27, 2026 it is 12.8%. Near-term volatility is priced above longer-dated volatility, an inverted term structure that usually accompanies an event or stress.
TLT Open Interest by Strike
Across all TLT expirations, the largest call open interest near the current $81.61 sits at the $90.00 strike (671,849 contracts) and the largest put open interest at $80.00 (308,757). 5,558,950 calls and 3,344,505 puts are open in total.
TLT Expected Move
The options market prices TLT to move about $0.67 (0.8%) by Oct 28, 2026, a range of $80.95 to $82.28. For Nov 27, 2026 (32 days out) the expected move is $2.49 (3.0%).