TLT is down 8.5% this year. Now call-option volume has tripled. Is Wall Street betting the bond rout is nearly over?

THIS IS ABSOLUTELY MIND-BLOWING:

Call-option volume on the 20+ Year Treasury Bond ETF,
$TLT
, has exploded to a record 14.9 million contracts over the last month.

This is TRIPLE the levels seen in January.

This signals rapidly growing bullish positioning toward long-term Treasuries, as call options give traders exposure to a potential rise in bond prices if yields fall.

The bet comes after the 10-year and 30-year Treasury yields spiked to 5.33% and 5.73%, their highest levels in 24 years.

Meanwhile, $TLT is down -8.5% so far in 2026 and fell -9.0% in Q3 alone.

Options traders are increasingly betting that the historic rise in yields is approaching its limit.

Risky bets on long-term Treasuries are skyrocketing.

THIS IS ABSOLUTELY MIND-BLOWING:

Call-option volume on the 20+ Year Treasury Bond ETF, $TLT, has exploded to a record 14.9 million contracts over the last month.

This is TRIPLE the levels seen in January.

This signals rapidly growing bullish positioning toward long-term… pic.twitter.com/NXvrgfpYCA

— Global Markets Investor (@GlobalMktObserv) October 8, 2026