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ProShares Trust UltraShort Lehman 20+ Year Treasury TBT

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Market dataready · fetched 2026-10-15T20:35:24.451Z

Delta surfaceAlpaca · derived absolute-delta buckets · 2026-10-16

Calculation methodology

PriceAlpaca · sip · 2026-10-15T20:10:00.004042557Z

FundamentalsAlpha Vantage · ready

Share price$39.98
1D+1.0%
AH$39.38$39.55$39.72$39.90$40.075:30 AM6:30 AM9:00 AM1:00 PM2:00 PMTBT
Sold putSold callAH

ProShares Trust UltraShort Lehman 20+ Year Treasury options

Live interpolated TBT call and put midpoint premiums by absolute delta.ProShares Trust UltraShort Lehman 20+ Year Treasury$0.10$0.36$0.63$0.89$1.16$38.60$39.85$41.10$42.35$43.6120Δ25Δ30Δ35Δ40Δ45Δ50Δ55Δ60Δ65Δ70Δ75Δ80ΔATM · $39.98OPTION PRICELive TBT spot · $39.98TBT PRICE$0.91$0.98$0.83$0.69$0.55$0.40$0.28$0.36$0.45$0.53$0.61$0.69$0.77$0.13$0.15$0.18$0.20$0.22$0.25$0.27$0.40$0.53$0.67$0.81$0.95$1.08
PutsExpensive1.06×
CallsExpensive5.91×
SkewBullish-108.59 pp
Implied moveBullish±$0.56
TiltBullish15.9% CALL
Table
Values and derived Greeks for the plotted delta buckets
DeltaCallsPuts
Pseudo strikeIVB/E movePseudo strikeIVB/E move
20Δ49.67437.4%26.5%39.0355.0%2.7%
25Δ48.76419.9%24.4%39.1851.2%2.4%
30Δ46.97341.0%19.6%39.3447.5%2.0%
35Δ45.18262.2%14.7%39.5043.7%1.7%
40Δ43.39183.3%9.9%39.6640.0%1.4%
45Δ41.60104.4%5.1%39.8236.2%1.0%
50Δ39.9933.8%0.7%39.9832.4%0.7%
55Δ39.8833.4%0.7%40.1434.9%0.6%
60Δ39.7633.1%0.6%40.3038.2%0.5%
65Δ39.6532.7%0.5%40.4741.6%0.5%
70Δ39.5432.3%0.4%40.6344.9%0.4%
75Δ39.4331.9%0.3%40.7948.2%0.3%
80Δ39.3231.5%0.3%40.9551.5%0.3%

20Δ

Calls
Pseudo strike
49.67
IV
437.4%
B/E move
26.5%
Puts
Pseudo strike
39.03
IV
55.0%
B/E move
2.7%

25Δ

Calls
Pseudo strike
48.76
IV
419.9%
B/E move
24.4%
Puts
Pseudo strike
39.18
IV
51.2%
B/E move
2.4%

30Δ

Calls
Pseudo strike
46.97
IV
341.0%
B/E move
19.6%
Puts
Pseudo strike
39.34
IV
47.5%
B/E move
2.0%

35Δ

Calls
Pseudo strike
45.18
IV
262.2%
B/E move
14.7%
Puts
Pseudo strike
39.50
IV
43.7%
B/E move
1.7%

40Δ

Calls
Pseudo strike
43.39
IV
183.3%
B/E move
9.9%
Puts
Pseudo strike
39.66
IV
40.0%
B/E move
1.4%

45Δ

Calls
Pseudo strike
41.60
IV
104.4%
B/E move
5.1%
Puts
Pseudo strike
39.82
IV
36.2%
B/E move
1.0%

50Δ

Calls
Pseudo strike
39.99
IV
33.8%
B/E move
0.7%
Puts
Pseudo strike
39.98
IV
32.4%
B/E move
0.7%

55Δ

Calls
Pseudo strike
39.88
IV
33.4%
B/E move
0.7%
Puts
Pseudo strike
40.14
IV
34.9%
B/E move
0.6%

60Δ

Calls
Pseudo strike
39.76
IV
33.1%
B/E move
0.6%
Puts
Pseudo strike
40.30
IV
38.2%
B/E move
0.5%

65Δ

Calls
Pseudo strike
39.65
IV
32.7%
B/E move
0.5%
Puts
Pseudo strike
40.47
IV
41.6%
B/E move
0.5%

70Δ

Calls
Pseudo strike
39.54
IV
32.3%
B/E move
0.4%
Puts
Pseudo strike
40.63
IV
44.9%
B/E move
0.4%

75Δ

Calls
Pseudo strike
39.43
IV
31.9%
B/E move
0.3%
Puts
Pseudo strike
40.79
IV
48.2%
B/E move
0.3%

80Δ

Calls
Pseudo strike
39.32
IV
31.5%
B/E move
0.3%
Puts
Pseudo strike
40.95
IV
51.5%
B/E move
0.3%