Bull Put Spreads · TLT
Macro-sensitive duration play with options flow tied to long-end Treasury yields and Fed expectations. Compare bull put spreads setups across 5 market conditions below.
iShares 20+ Year Treasury Bond ETF (TLT) · Bond ETF
TLT IV is elevated — find bull put spread strikes that pay rich credit with defined risk. Live option chain, premiums, and breakevens. Free.
Read guide →TLT trading in a range — find bull put spread strikes that earn credit while support holds. Live option chain, premiums, and breakevens. Free.
Read guide →TLT reports earnings soon — find bull put spread strikes that pay rich credit before the event. Live option chain, premiums, and breakevens. Free.
Read guide →TLT in an uptrend — find bull put spread strikes that earn credit while staying long the trend. Live option chain, premiums, and breakevens. Free.
Read guide →TLT after earnings — find bull put spread strikes that profit as IV resets. Live option chain, premiums, and breakevens. Free.
Read guide →TLT tracks long-duration US Treasuries (20+ year maturities), making it the dominant retail and institutional vehicle for expressing views on long-end interest rates. Inverse to long-bond yields, it moves sharply on Fed policy shifts and inflation surprises.
IV typically runs 13-20% in calm rate regimes, expanding to 25-35% during Fed pivots or fiscal stress. Premiums look modest in absolute terms but compound meaningfully relative to TLT's lower price and slower drift.
No earnings, but FOMC meetings (8x/year), CPI prints (monthly), Treasury auctions, and quarterly refunding announcements all act as catalysts. The ten-year and thirty-year auction calendar is the closest equivalent to an earnings cadence.
Option Agent scans live options chains and recommends setups based on current market conditions.
Analyze TLT Free