TLT Options Imply an $80.83–$83.69 Range Into August 7 — And Positioning Leans to the Lower Half

Alright, TLT — the iShares 20+ Year Treasury Bond ETF — here's where things stand as of August 1, 2026. The bond market closed Friday at $82.26, and the options crowd is leaning slightly bearish into the next stretch. They're pricing a range of $80.83 to $83.69 between now and the August 7 expiration. If TLT closes above $83.50, this whole bearish read falls apart — that's the number to…

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