TBT Most Active Options

The 25 most actively traded TBT option contracts at the latest daily snapshot, ranked by volume. Each row shows the contract's price, implied volatility, delta, open interest, and how today's volume compares with its own 30-day average — click a contract to analyze it in the OptiView platform.

Data as of Aug 24, 2026, 3:55 PM ET · OPRA data 15 minutes delayed · For information only — not investment advice.

Last close
$38.00
52-week range
$31.76 – $39.14
ATM IV (30d)
21.3%
IV rank
30 / 100
Low
Expected move
±$2.12 (±5.6%)
Put/call OI
0.38
Call-heavy
Max pain
$36
↓ 5.3% below close

Most Active TBT Contracts

ContractExpirationDTELastIV IV rank (30d)DeltaOpen interestVolumevs 30d avg
TBT $39 put Sep 18, 2026 25d $1.48 383 108
TBT $38 call Sep 18, 2026 25d $0.85 21.3% 76 0.52 405 83 0.5× avg
TBT $40 call Sep 18, 2026 25d $0.30 0.0% 0 1.00 830 66 2.5× avg
TBT $40 call Nov 20, 2026 88d $0.90 3 55
TBT $42 call Sep 18, 2026 25d $0.10 25.0% 57 0.07 335 53 2.0× avg
TBT $41 call Oct 16, 2026 53d $0.35 24 45
TBT $38 call Oct 16, 2026 53d $1.19 22 219 39 2.1× avg
TBT $36 call Jan 15, 2027 144d $2.95 157 35
TBT $36 call Sep 18, 2026 25d $2.20 637 31
TBT $36 put Oct 16, 2026 53d $0.50 21 29
TBT $38 put Sep 18, 2026 25d $0.95 14 357 27 1.7× avg
TBT $38 call Dec 18, 2026 116d $1.74 0.0% 0 1.00 402 26 2.8× avg
TBT $40 call Oct 16, 2026 53d $0.51 24 254 25 1.5× avg
TBT $39 call Sep 18, 2026 25d $0.44 0.0% 0 1.00 2,172 22 0.8× avg
TBT $36 call Nov 20, 2026 88d $2.65 0 20
TBT $34 call Oct 16, 2026 53d $3.95 1 20
TBT $41 call Sep 18, 2026 25d $0.15 296 19
TBT $37 put Oct 16, 2026 53d $0.88 22.9% 65 -0.35 41 15 0.7× avg
TBT $37 call Jan 21, 2028 515d $4.16 42 13
TBT $34 call Dec 18, 2026 116d $4.32 275 10
TBT $37 put Sep 18, 2026 25d $0.44 0.0% 0 1.00 841 7 0.4× avg
TBT $34 call Sep 18, 2026 25d $4.11 0.0% 0 1.00 964 7 0.4× avg
TBT $36 put Sep 18, 2026 25d $0.24 0 603 6 1.6× avg
TBT $30 call Jan 15, 2027 144d $8.03 0 26 6 5.3× avg
TBT $40 call Jan 15, 2027 144d $1.30 24 1,130 5 0.8× avg

Ranked by volume at the latest daily snapshot. "vs 30d avg" compares today's volume with the contract's own 30-day average.

The most active TBT contract today is the $39 put expiring in 25 days, with 108 contracts traded. Calls dominate the most-active list (19 of the top 25), showing where trading interest concentrates.

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TBT Options FAQ

Which TBT option contract is most active today?

The most traded TBT contract is the $39 put expiring Sep 18, 2026, with 108 contracts traded as of Aug 24, 2026.

How does OptiView rank the most active TBT options?

The table lists the 25 TBT contracts with the highest volume at the latest daily snapshot, alongside price, implied volatility, delta, open interest, and each contract's volume versus its own 30-day average.

Methodology. IV rank compares the current 30-day at-the-money implied volatility with its highest and lowest values over the past 52 weeks. Max pain is the strike that minimizes the total payout to option holders at expiration. The call and put walls are the strikes carrying the largest call and put open interest across all expirations. Net gamma exposure (GEX) is measured from the dealer perspective. All statistics are derived from delayed OPRA options data.

Options trading involves significant risk, and losses can exceed your initial investment. Always consult a licensed financial professional before making investment decisions. OptiView does not provide financial advice; all figures on this page are descriptive statistics, not recommendations.