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TLT Options Chain by Expiration – Open Interest & Put/Call Ratio

Explore the TLT options chain aggregated by expiration date, with call and put open interest, total OI and put/call ratios. Use this overview to spot where options positioning is most concentrated and which expirations carry bullish, bearish or neutral sentiment for TLT.

Market Sentiment from TLT Options by Expiration Date

The table below aggregates TLT options data by expiration date, including call volume, put volume, total open interest and the put/call ratio. Each row is assigned a sentiment label and numerical sentiment score, highlighting expirations where positioning is extremely bullish, defensive or balanced. Click on an expiration date to drill down into the detailed options chain for that maturity.

Expiration Date Call OI Put OI Total Open Interest Put/Call Ratio
2026-02-06 165293 105052 270345 0.636
2026-02-09 30994 20604 51598 0.665
2026-02-11 23262 27112 50374 1.166
2026-02-13 66124 63298 129422 0.957
2026-02-18 13484 8749 22233 0.649
2026-02-20 488872 389999 878871 0.798
2026-02-27 45482 53752 99234 1.182
2026-03-06 22699 15964 38663 0.703
2026-03-13 6681 7452 14133 1.115
2026-03-20 444922 364585 809507 0.819
2026-03-27 167 606 773 3.629
2026-03-31 82321 53872 136193 0.654
2026-04-17 128135 123137 251272 0.961
2026-05-15 194311 150820 345131 0.776
2026-06-18 396026 330161 726187 0.834
2026-06-30 37227 47792 85019 1.284
2026-07-17 77329 72788 150117 0.941
2026-08-21 106140 39113 145253 0.369
2026-09-18 82957 69697 152654 0.840
2026-09-30 39216 19631 58847 0.501
2026-10-16 57057 53149 110206 0.932
2026-11-20 76496 89546 166042 1.171
2026-12-18 68650 53917 122567 0.785
2026-12-31 27264 14822 42086 0.544
2027-01-15 732615 394444 1127059 0.538
2028-01-21 241568 101573 343141 0.420

How the Options Sentiment Score Is Calculated

This sentiment framework evaluates market bias for TLT based on aggregated options data by expiration date. The key metrics are:

  • Put/Call Ratio (PCR): Compares put and call activity. A higher PCR usually indicates more defensive or bearish positioning, while a lower PCR suggests bullish call demand.
  • Open Interest (OI): Represents the number of outstanding option contracts. Higher open interest reflects strong market attention, hedging activity or speculative positioning around TLT.
  • Unusual activity ⚠️: Expirations with extreme PCR or unusually high OI are flagged with a warning icon, signaling concentrated bets, hedging pressure or potential event-driven risk.

The sentiment score combines PCR and OI into a 0–100 scale, then classifies each expiration into intuitive labels such as Strong Bullish, Moderate Bullish, Neutral, Moderate Bearish, Strong Bearish. Higher scores reflect more aggressive bullish positioning in TLT options, while lower scores highlight more defensive or bearish structures.