{"symbol":"TLT","name":"iShares 20+ Year Treasury Bond ","spot":"82.05","strategy":"csp","strategy_label":"cash-secured puts","rv":"10.2","rv_window":30,"gap_distortion":null,"rv_all":"10.2","earnings":null,"earnings_days":null,"any_sell":true,"rows":[{"profile":"conservative","band":"0.05–0.15","notes":"~5-15Δ. Assignment is genuinely unlikely; you are paid little for that. Skips anything spanning earnings and demands a real vol premium.","sell":false,"headline":"No puts clear the conservative profile's requirements.","reasons":["Most contracts were rejected because: credit below 0.15 (46 of them).","A more permissive risk profile, or looser individual filters, may surface candidates here."],"best":null},{"profile":"moderate","band":"0.15–0.25","notes":"~15-25Δ, 21-60 DTE. Where most premium-selling literature sits: meaningful credit, assignment a real but minority outcome.","sell":false,"headline":"No puts clear the moderate profile's requirements.","reasons":["Most contracts were rejected because: credit below 0.15 (48 of them).","A more permissive risk profile, or looser individual filters, may surface candidates here."],"best":null},{"profile":"aggressive","band":"0.25–0.40","notes":"~25-40Δ. Roughly one trade in three finishes in the money, so only coherent if you are willing to own the stock (puts) or be called away (calls) and have sized the position for it.","sell":true,"headline":"Best put to sell: see below.","reasons":["Best contract prices vol at 1.32x realized.","61% chance of expiring unassigned (71% probability of profit at 38Δ).","20% annualized on $8,096 of collateral."],"best":{"expiry":"2026-09-04","dte":12,"strike":"81.5","delta":"-0.38","credit":"0.54","capital":"8,096","static":"0.7","aroc":"20","vay":"1.50","vay_band":"rich","pop":"71","p_otm":"61","iv":"13","iv_rv":"1.32","earnings":false,"contract":"TLT260904P00081500","breakeven":"80.96","cushion":"0.7"}}],"term":[{"expiry":"09-04","dte":12,"atm_iv":"10","iv_pct":41,"earnings":false,"strike":null,"delta":null,"credit":null,"aroc":null,"vay":null,"p_otm":null,"iv_rv":null,"gamma":null},{"expiry":"09-11","dte":19,"atm_iv":"10","iv_pct":0,"earnings":false,"strike":null,"delta":null,"credit":null,"aroc":null,"vay":null,"p_otm":null,"iv_rv":null,"gamma":null},{"expiry":"09-18","dte":26,"atm_iv":"10","iv_pct":27,"earnings":false,"strike":null,"delta":null,"credit":null,"aroc":null,"vay":null,"p_otm":null,"iv_rv":null,"gamma":null},{"expiry":"09-25","dte":33,"atm_iv":"10","iv_pct":49,"earnings":false,"strike":null,"delta":null,"credit":null,"aroc":null,"vay":null,"p_otm":null,"iv_rv":null,"gamma":null},{"expiry":"09-30","dte":38,"atm_iv":"10","iv_pct":59,"earnings":false,"strike":null,"delta":null,"credit":null,"aroc":null,"vay":null,"p_otm":null,"iv_rv":null,"gamma":null},{"expiry":"10-02","dte":40,"atm_iv":"10","iv_pct":44,"earnings":false,"strike":null,"delta":null,"credit":null,"aroc":null,"vay":null,"p_otm":null,"iv_rv":null,"gamma":null},{"expiry":"10-16","dte":54,"atm_iv":"10","iv_pct":40,"earnings":false,"strike":null,"delta":null,"credit":null,"aroc":null,"vay":null,"p_otm":null,"iv_rv":null,"gamma":null},{"expiry":"10-30","dte":68,"atm_iv":"11","iv_pct":100,"earnings":false,"strike":null,"delta":null,"credit":null,"aroc":null,"vay":null,"p_otm":null,"iv_rv":null,"gamma":null},{"expiry":"11-20","dte":89,"atm_iv":"11","iv_pct":79,"earnings":false,"strike":null,"delta":null,"credit":null,"aroc":null,"vay":null,"p_otm":null,"iv_rv":null,"gamma":null}],"timing":{"window":"weekend","quality":"closed","advice":"Market is closed. Quotes are last week's close.","movement":null,"is_good":false,"clock":"03:27 EDT","streak":"2 consecutive down closes (-1.2%). Reported as context only: streak-based timing showed no measurable effect on the seller's edge (t = 0.02, measured over 33 years of index data)."},"cached":false,"age_minutes":0,"generated":"2026-08-23 07:27 UTC"}