TBF
ProShares Short 20+ Year Treasury
$26.11
TBF ETF Options Chain and Prices
See Unusual Options Activity for TBF 🔥
In the Money
TBF Option Calls
11/20/26 (m)TBF Option Puts
TBF Option Calls 11/20/26 (m)
| 16.0 | ― | ― | ― | ― | ― |
| 17.0 | ― | ― | ― | ― | ― |
| 18.0 | ― | ― | ― | ― | ― |
| 19.0 | ― | ― | ― | ― | ― |
| 20.0 | ― | ― | ― | ― | ― |
| 21.0 | ― | ― | ― | ― | ― |
| 22.0 | ― | ― | ― | ― | ― |
| 23.0 | ― | ― | ― | ― | ― |
| 24.0 | ― | ― | ― | ― | ― |
| 25.0 | $0.47 | -41.25% | 1 | 27 | 11/06, 03:28 PM |
| 26.0 | $0.22 | +46.67% | 1 | 24 | 11/12, 05:05 PM |
| 27.0 | $0.10 | +25.00% | 7 | 25 | 11/10, 03:50 PM |
| 28.0 | $0.40 | 0.00% | 9 | 0 | 10/08, 01:44 PM |
| 29.0 | ― | ― | ― | ― | ― |
| 30.0 | ― | ― | ― | ― | ― |
| 31.0 | ― | ― | ― | ― | ― |
| 32.0 | ― | ― | ― | ― | ― |
| 33.0 | ― | ― | ― | ― | ― |
| 34.0 | ― | ― | ― | ― | ― |
| 35.0 | ― | ― | ― | ― | ― |
| 36.0 | ― | ― | ― | ― | ― |
TBF Option Puts 11/20/26 (m)
| 16.0 | ― | ― | ― | ― | ― |
| 17.0 | ― | ― | ― | ― | ― |
| 18.0 | ― | ― | ― | ― | ― |
| 19.0 | ― | ― | ― | ― | ― |
| 20.0 | ― | ― | ― | ― | ― |
| 21.0 | ― | ― | ― | ― | ― |
| 22.0 | ― | ― | ― | ― | ― |
| 23.0 | ― | ― | ― | ― | ― |
| 24.0 | ― | ― | ― | ― | ― |
| 25.0 | $0.14 | 0.00% | 1 | 0 | 10/28, 05:31 PM |
| 26.0 | $0.70 | +7.69% | 10 | 20 | 09/21, 01:30 PM |
| 27.0 | $1.15 | +1.01% | 6 | 14 | 09/25, 02:29 PM |
| 28.0 | ― | ― | ― | ― | ― |
| 29.0 | ― | ― | ― | ― | ― |
| 30.0 | ― | ― | ― | ― | ― |
| 31.0 | ― | ― | ― | ― | ― |
| 32.0 | ― | ― | ― | ― | ― |
| 33.0 | ― | ― | ― | ― | ― |
| 34.0 | ― | ― | ― | ― | ― |
| 35.0 | ― | ― | ― | ― | ― |
| 36.0 | ― | ― | ― | ― | ― |
TBF Options Summary
Expiring Nov 20, 2026 · As of Nov 12, 2026, 12:05 PM ET
- Put/Call Ratio (Volume)
- 0.94
- Put/Call Ratio (Open Interest)
- 0.45
- ATM Implied Volatility
- 29.4%
- Expected Move by Nov 20, 2026
- ±$0.92 (±3.52%)
- Max Pain
- $26.00
Top 3 Strikes by Open Interest
| Strike | Call OI | Put OI | Total OI |
|---|---|---|---|
| $26.00 | 24 | 20 | 44 |
| $27.00 | 25 | 14 | 39 |
| $25.00 | 27 | 0 | 27 |
FAQ
What is the put/call ratio for TBF options?
TBF options expiring Nov 20, 2026 show a put/call volume ratio of 0.94 (17 puts vs. 18 calls traded) and a put/call open interest ratio of 0.45 (34 puts vs. 76 calls open) as of Nov 12, 2026, 12:05 PM ET. A ratio above 1 means more puts than calls, which often reflects hedging or a bearish tilt.
What is the implied volatility of TBF options?
The at-the-money implied volatility of TBF options expiring Nov 20, 2026 is 29.4%, derived from the prices of the $26.00 strike call and put as of Nov 12, 2026, 12:05 PM ET.
What is the expected move for TBF by Nov 20, 2026?
The options market prices an expected move of ±$0.92 (±3.52%) for TBF by the Nov 20, 2026 expiration. This is the price of the at-the-money straddle at the $26.00 strike.
What is the max pain price for TBF options?
The max pain strike for TBF options expiring Nov 20, 2026 is $26.00. At that price, the open TBF calls and puts would pay their holders the least at expiration.
Which TBF option strikes have the most open interest?
For the Nov 20, 2026 expiration, the TBF strikes with the most open interest are $26.00 (44 contracts), $27.00 (39 contracts), $25.00 (27 contracts).
Options chain for ProShares Short 20+ Year Treasury (TBF).
