{"symbol":"TLT","name":"iShares 20+ Year Treasury Bond ","spot":"81.74","strategy":"csp","strategy_label":"cash-secured puts","rv":"11.1","rv_window":30,"gap_distortion":null,"rv_all":"11.1","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 (99 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":true,"headline":"Best put to sell: see below.","reasons":["Best contract prices vol at 1.57x realized.","79% chance of expiring unassigned (82% probability of profit at 20Δ).","10% annualized on $7,919 of collateral."],"best":{"expiry":"2026-11-06","dte":14,"strike":"79.5","delta":"-0.20","credit":"0.31","capital":"7,919","static":"0.4","aroc":"10","vay":"0.58","vay_band":"rich","pop":"82","p_otm":"79","iv":"17","iv_rv":"1.57","earnings":false,"contract":"TLT261106P00079500","breakeven":"79.19","cushion":"2.7"}},{"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 1.63x realized.","60% chance of expiring unassigned (70% probability of profit at 39Δ).","26% annualized on $8,021 of collateral."],"best":{"expiry":"2026-11-06","dte":14,"strike":"81","delta":"-0.39","credit":"0.79","capital":"8,021","static":"1.0","aroc":"26","vay":"1.43","vay_band":"rich","pop":"70","p_otm":"60","iv":"18","iv_rv":"1.63","earnings":false,"contract":"TLT261106P00081000","breakeven":"80.21","cushion":"0.9"}}],"term":[{"expiry":"10-30","dte":7,"atm_iv":"16","iv_pct":100,"earnings":false,"strike":"80","delta":"-0.16","credit":"0.16","aroc":"10","vay":"0.63","p_otm":"83","iv_rv":"1.46","gamma":"0.110"},{"expiry":"11-06","dte":14,"atm_iv":"14","iv_pct":48,"earnings":false,"strike":"79.5","delta":"-0.20","credit":"0.31","aroc":"10","vay":"0.58","p_otm":"79","iv_rv":"1.57","gamma":"0.082"},{"expiry":"11-13","dte":21,"atm_iv":"13","iv_pct":39,"earnings":false,"strike":null,"delta":null,"credit":null,"aroc":null,"vay":null,"p_otm":null,"iv_rv":null,"gamma":null},{"expiry":"11-20","dte":28,"atm_iv":"13","iv_pct":37,"earnings":false,"strike":null,"delta":null,"credit":null,"aroc":null,"vay":null,"p_otm":null,"iv_rv":null,"gamma":null},{"expiry":"11-27","dte":35,"atm_iv":"13","iv_pct":26,"earnings":false,"strike":null,"delta":null,"credit":null,"aroc":null,"vay":null,"p_otm":null,"iv_rv":null,"gamma":null},{"expiry":"11-30","dte":38,"atm_iv":"13","iv_pct":24,"earnings":false,"strike":null,"delta":null,"credit":null,"aroc":null,"vay":null,"p_otm":null,"iv_rv":null,"gamma":null},{"expiry":"12-18","dte":56,"atm_iv":"12","iv_pct":13,"earnings":false,"strike":null,"delta":null,"credit":null,"aroc":null,"vay":null,"p_otm":null,"iv_rv":null,"gamma":null},{"expiry":"12-31","dte":69,"atm_iv":"12","iv_pct":0,"earnings":false,"strike":null,"delta":null,"credit":null,"aroc":null,"vay":null,"p_otm":null,"iv_rv":null,"gamma":null},{"expiry":"01-15","dte":84,"atm_iv":"12","iv_pct":4,"earnings":false,"strike":null,"delta":null,"credit":null,"aroc":null,"vay":null,"p_otm":null,"iv_rv":null,"gamma":null}],"timing":{"window":"after hours","quality":"closed","advice":"Market is closed. Quotes are the closing marks.","movement":null,"is_good":false,"clock":"21:07 EDT","streak":"2 consecutive up closes (+1.0%). 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":"2026-10-23 01:07 UTC"}