TLT Options Chain — Open Interest, Implied Volatility, Max Pain & Gamma Exposure
Analyze the complete TLT options chain including strike-level open interest, real-time implied volatility (IV), max pain levels, gamma exposure, dealer positioning, and options flow trends. This dashboard provides data-driven insights for traders building directional or hedging strategies around TLT.
Near-Term Options-Derived Market Structure
BULLISH BIAS
Reflecting options positioning and volatility conditions over the coming sessions.
A slight bullish tilt is present, but the overall setup remains largely neutral with limited directional reliability. Options Chian
Looking only at the put-side activity, there is a bearish directional push. This suggests some traders are actively betting on downside. Confidence: 60%
Current DPI is -0.556(neutral). Neutral consolidation, trend and momentum are indistinct. From the current DPI structure, dealers appear largely neutral, suggesting limited willingness to reinforce directional price moves..
Options Terrain Outlook (3-Month)
The market is positioned near a structural transition zone, where options exposure may shift the prevailing trading regime. Volatility conditions are moderately choppy. Price action is strongly influenced by existing options constraints. Once a directional move forms, continuation appears relatively easy. Structural sensitivity is elevated around the 2026-07-17 options expiry. 90% confidence
Short-Term Options-Implied Price Range & Flow Structure (DTE: 1)
Expiry 2026-07-15 (DTE 1): Pinning structure with suppressed volatility. Option flow bias is neutral (0.00), pin strength 0.90.
Based on the latest options positioning (DTE 1), the ATM straddle implies a standardized 0.54% 1-day move.
The expected range for the next 1 days is 83.78 — 84.81 , corresponding to +0.87% / -0.35% .
Estimated using ATM implied volatility, OTM option flow, and dealer hedging conditions to capture the market-implied price range.
Bullish flow suggests upside interest toward 85.17 (1.30% above spot).
Bearish positioning points to downside pressure toward 83.74 (0.40% below spot).
Options flow strength: 0.74 (0–1 scale). ATM Strike: 84.00, Call: 0.27, Put: 0.18, Straddle Cost: 0.45.
Price moves may extend once a direction forms. The short-term gamma flip is near 133.32 , with intermediate positioning around 118.50 . The mid-term gamma flip remains near 86.55.