The archived TLT source record lists TLT Oct 16 $84 Put, 15,000 contracts and $8.93M in reported gross premium. Execution classification alone does not establish opening or closing status or the participant's account position.
What happened
The saved event-time field is 2026-10-12 16:04:44. The original price reference is $78.03. The source table and any leg entries below are retained as recorded; no new quote has been substituted.
Why it matters
For the listed TLT Oct 16 $84 Put, 15,000 × $5.95 × an assumed standard 100-share multiplier gives $8,925,000.00 of gross premium. A standalone opening put at that premium has an expiration breakeven of $84.00 − $5.95 = $78.05, before fees. That conditional calculation is not the participant's verified position or return.
The displayed buy/sell side is the archived classification; raw bid/ask observations and account holdings are not retained. Open interest is an aggregate for the series and cannot identify this print as an opening trade. Delta is contract sensitivity, not a verified holding of stock.
The numbers
Original provider-record fields: The structure, lean, side and breakeven labels in the unchanged table are archived feed/model outputs, not a verified complete account position. Only the explicitly stated standalone hypotheses above describe calculated payoffs; a missing leg, opening/closing status or adjusted deliverable can change them.
| Contract | TLT Oct 16 $84 Put |
|---|---|
| Expiration | Oct 16, 2026 (4 days) |
| Execution | Floor Trade |
| Contracts | 15,000 |
| Price | $5.95 ($595 per contract) |
| Total premium | $8.93M |
| Stock at the trade | $78.03 |
| Strike vs. stock | 7.6% in the money |
| Breakeven at expiration | $78.05 |
| Open interest before | 11,438 |
Three ways this could play out
Above the listed $84 strike at expiration: evaluate only the standalone option hypothesis described above. Its intrinsic value and the premium both matter; a higher stock price alone does not establish this participant's profit.
Below $84 at expiration: calculate the standalone option's intrinsic value before comparing it with the listed premium. That calculation is not the payoff of any unrecorded hedge or missing package legs.
Before expiration: compare actual option quotes, time value and implied volatility. An unchanged stock price or passage of time does not guarantee a gain to a seller or a loss to this participant.
What to watch next
- Confirm every leg, its side, quantity, expiry and deliverable before assigning a complete strategy or maximum risk.
- Compare next-session open interest with total session activity; the aggregate change cannot establish what this participant opened or closed.
