Tour v419
IWM
iShares Russell 2000 ETF
$292.92 +0.60%
7/27 15:11

Option Volume

Detail
Current (07/27) 1,490,856
Calls: 459,709 (31%)
Puts: 1,031,147 (69%)
Prior (07/24) 746,728
Calls: 143,861 (19%)
Puts: 602,867 (81%)
Current vs Prior +99.65%
Calls: +219.55% (Calls)
Puts: +71.04% (Puts)
Prior 7-Day Total 8,682,249
Calls: 2,692,569 (31%)
Puts: 5,989,680 (69%)
Prior 7-Day Average 1,447,041
Calls: 384,652 (31%)
Puts: 855,668 (69%)
Current vs Prior 7-Day Avg +3.03%
Calls: +19.51%
Puts: +20.51%
Sentiment BEARISH

Dollar Volume

Detail
Current (07/27) $159.71M
Calls: $36.04M (23%)
Puts: $123.67M (77%)
Prior (07/24) $132.32M
Calls: $19.90M (15%)
Puts: $112.42M (85%)
Current vs Prior +20.70%
Calls: +81.10%
Puts: +10.01%
Prior 7-Day Total $950.82M
Calls: $209.99M (22%)
Puts: $740.82M (78%)
Prior 7-Day Average $158.47M
Calls: $30.00M (22%)
Puts: $105.83M (78%)
Current vs Prior 7-Day Avg +0.78%
Calls: +20.12%
Puts: +16.86%
Sentiment BEARISH

Put/Call Ratio

Detail
Current (07/27) 2.24
Prior (07/24) 4.19
Current vs Prior -46.47%
Prior 7-Day Average 2.45
Current vs Prior 7-Day Avg -8.40%
Sentiment BEARISH

Open Interest

Detail
Current (07/27) 2,808,902
Calls: 582,980 (21%)
Puts: 2,225,922 (79%)
Prior (07/24) 2,416,093
Calls: 492,029 (20%)
Puts: 1,924,064 (80%)
Current vs Prior +16.26%
Prior 7-Day Total 15,108,612
Calls: 3,386,824 (22%)
Puts: 11,721,788 (78%)
Prior 7-Day Average 2,518,102
Calls: 564,470 (22%)
Puts: 1,953,631 (78%)
Current vs Prior 7-Day Avg +11.55%
Sentiment BULLISH

Expected Move

Detail
Expiry (07/27) | Next (07/28)Expiry (07/27) | Next (07/29)Expiry (07/31) | Next (08/07)Expiry (08/21) | Next (09/18)
Current 0.47% | 1.10%0.47% | 1.62%2.16% | 3.10%4.60% | 6.49%
Prior 1.14% | 1.50%1.14% | 1.94%2.51% | 3.41%4.72% | 6.63%
Current vs Prior -58.81% | -27.15%-58.81% | -16.28%-14.18% | -9.01%-2.62% | -2.14%
Prior 7-Day Avg 1.04% | 1.40%0.71% | 1.46%1.41% | 2.73%2.57% | 5.75%
Current vs 7-Day Avg -54.56% | -21.47%-33.27% | +11.25%+52.69% | +13.58%+79.10% | +12.89%
Prior 7-Day Eod 1.14% | 1.50%1.14% | 1.94%2.51% | 3.41%4.72% | 6.63%
Current vs 7-Day Eod -58.81% | -27.15%-58.81% | -16.28%-14.18% | -9.01%-2.62% | -2.14%
Sentiment BULLISHBULLISHBULLISHBULLISH

Relative Spread

Detail
Expiry | Next
Current 6.45% | 1.18%
Calls: 5.00% | 1.60%
Puts: 7.89% | 0.75%
Prior 8.34% | 5.07%
Calls: 6.67% | 5.85%
Puts: 10.00% | 4.29%
Current vs Prior -22.66% | -76.73%
Prior 7-Day Avg 4.60% | 3.80%
Calls: 4.43% | 4.18%
Puts: 4.77% | 3.42%
Current vs 7-Day Avg +40.17% | -68.95%
Liquidity Good
+
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🤖 AI Insights

Strong bearish conviction with 77% of dollar volume in puts ($123.67M) vs calls ($36.04M). Above-average activity with volume up 100% vs prior. Extreme bearish P/C ratio of 2.24 - heavy put buying. P/C ratio dropping 46% - sentiment shifting bullish.

Smart Money BEARISH
Retail Flow BEARISH
Overall BEARISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BEARISH
Prior BEARISH
7-Day Avg BEARISH
Current BEARISH
Prior BEARISH
7-Day Avg NEUTRAL
Current BEARISH
Prior BEARISH
7-Day Avg NEUTRAL
Current BEARISH
Prior BEARISH
7-Day Avg NEUTRAL
Current NEUTRAL
Prior BULLISH
7-Day Avg BULLISH

📈 Options Analysis

🎯 Tightest Spreads
💰 Best Value Under $1
📊 High Delta (ITM)
🔥 High Volume
Backwardation
📈 Debit Spreads
📉 Credit Spreads
📅 Calendar Spreads
Straddles
🔀 Strangles
🦅 Iron Condors
🦋 Butterflies
⚖️ Ratio Spreads
🛡️ Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 976 of results (avg 3.1%, best 0.5%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$245.00Jul 3047.8848.17$48.030.6%11.001
$235.00Jul 3157.8758.24$58.060.6%--1.0020
$294.00Jul 291.541.55$1.550.6%3.6K0.42588
$235.00Aug 2158.5158.89$58.700.6%--1.00551
$292.00Aug 217.337.38$7.360.7%2660.53301
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$350.00Jul 2856.9057.20$57.050.5%201.00--
$293.00Jul 281.321.33$1.330.8%6.6K0.511.2K
$340.00Aug 1446.8947.27$47.080.8%11.00--
$295.00Aug 216.947.00$6.970.9%7390.5440.6K
$323.00Jul 2729.9030.19$30.051.0%91.00--

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 294 found (avg $0.42, cheapest $0.06)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$294.00Jul 270.050.06$0.0616.7%65.2K0.122.3K
$298.00Jul 280.050.06$0.0616.7%1.5K0.04753
$301.00Jul 290.060.07$0.0714.3%920.043.9K
$312.00Aug 70.060.07$0.0714.3%160.02463
$317.50Aug 140.060.07$0.0714.3%2120.02305
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$285.00Jul 280.050.06$0.0616.7%10.5K0.03111.1K
$279.00Jul 290.050.06$0.0616.7%2.8K0.02715
$272.00Jul 300.050.06$0.0616.7%--0.011.6K
$266.00Jul 310.050.06$0.0616.7%10.011.6K
$267.00Jul 310.050.06$0.0616.7%2650.019.3K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 448 found (avg delta 0.80, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$260.00Jul 2732.7333.10$32.921.1%31.00--
$261.00Jul 2731.7832.10$31.941.0%141.00--
$262.00Jul 2730.8331.10$30.970.9%121.00--
$263.00Jul 2729.7930.10$29.951.0%201.00--
$264.00Jul 2728.7829.10$28.941.1%201.00--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$306.00Jul 3112.9013.27$13.092.8%1201.00--
$307.00Jul 3113.9014.26$14.082.6%601.00--
$308.00Jul 3114.9015.26$15.082.4%11.001
$310.00Jul 3116.9017.27$17.092.2%31.00--
$350.00Jul 2856.9057.20$57.050.5%201.00--

Most actively traded options today. High liquidity = easy entry/exit. 1,138 active (total vol 1.5M, top 113.9K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$293.00Jul 270.290.30$0.303.3%76.0K0.472.8K
$294.00Jul 270.050.06$0.0616.7%65.2K0.122.3K
$295.00Jul 270.000.01$0.01100.0%57.8K0.015.6K
$292.00Jul 270.971.02$1.005.0%54.0K0.841.0K
$296.00Jul 270.000.01$0.01100.0%40.3K0.013.1K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$292.00Jul 270.070.08$0.0812.5%113.9K0.152.0K
$291.00Jul 270.020.03$0.0333.3%93.9K0.053.3K
$293.00Jul 270.360.39$0.387.9%64.5K0.532.7K
$290.00Jul 311.881.92$1.902.1%64.4K0.35113.8K
$281.00Aug 212.652.70$2.681.9%58.3K0.2431.8K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 136 strikes (avg 414.7%, max 1722.6%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$320.00Jul 27Sep 4278.2%16.8%1552.1%1615
$315.00Jul 27Sep 4232.9%17.4%1242.4%1041
$261.00Jul 27Sep 4358.0%28.0%1179.5%15--
$260.00Jul 27Aug 28368.9%28.9%1174.2%310
$265.00Jul 27Aug 21314.5%28.4%1007.3%489.0K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$323.00Jul 27Aug 21304.6%16.7%1722.6%10--
$320.00Jul 27Aug 21278.2%16.5%1583.4%3455
$318.00Jul 27Sep 4260.2%17.0%1431.7%7--
$250.00Jul 27Sep 4479.1%31.5%1422.0%519
$311.00Jul 27Aug 21195.6%17.0%1049.7%533

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 502 found (best R:R 75.92, avg 4.13)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$310.00$320.00Aug 10$0.13$9.87$0.1375.92$310.13
$326.00$336.00Sep 4$0.13$9.87$0.1375.92$326.13
$320.00$325.00Aug 28$0.12$4.88$0.1240.67$320.12
$306.00$309.00Aug 5$0.10$2.90$0.1029.00$306.10
$315.00$320.00Aug 28$0.29$4.71$0.2916.24$315.29
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$260.00$255.00Aug 14$0.10$4.90$0.1049.00$259.90
$255.00$250.00Aug 21$0.11$4.89$0.1144.45$254.89
$250.00$245.00Aug 28$0.11$4.89$0.1144.45$249.89
$245.00$240.00Sep 4$0.11$4.89$0.1144.45$244.89
$270.00$260.00Aug 10$0.27$9.73$0.2736.04$269.73

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 671 found (best R:R 159.00, avg 2.42)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$245.00$277.00Aug 3$31.61$31.61$0.3981.05$276.61
$240.00$245.00Aug 28$4.90$4.90$0.1049.00$244.90
$255.00$260.00Aug 14$4.89$4.89$0.1144.45$259.89
$250.00$255.00Aug 21$4.88$4.88$0.1240.67$254.88
$255.00$260.00Aug 21$4.81$4.81$0.1925.32$259.81
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$340.00$308.00Aug 14$31.80$31.80$0.20159.00$308.20
$320.00$311.00Aug 21$8.87$8.87$0.1368.23$311.13
$310.00$302.00Aug 3$7.83$7.83$0.1746.06$302.17
$302.00$300.00Jul 30$1.88$1.88$0.1215.67$300.12
$305.00$302.00Aug 4$2.78$2.78$0.2212.64$302.22

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 74 found (avg debit $0.38, cheapest $0.06)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$280.00Jul 27Jul 28$0.06152.6%35.4%
$281.00Jul 27Jul 28$0.06141.7%32.9%
$307.50Aug 4Aug 6$0.0616.7%16.6%
$282.00Jul 27Jul 28$0.07130.8%32.5%
$283.00Jul 27Jul 28$0.07119.8%31.3%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$268.00Jul 27Jul 31$0.06282.1%39.4%
$318.00Jul 27Sep 4$0.06260.2%17.0%
$286.00Jul 27Jul 28$0.0886.5%27.0%
$306.00Jul 31Aug 7$0.1120.3%17.5%
$277.50Jul 27Jul 30$0.12179.7%33.3%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 422 found (cheapest 0.23% of stock, avg 4.96%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$293.00Jul 27$0.30$0.38$0.68$292.32$293.680.23%
$292.00Jul 27$1.00$0.08$1.08$290.92$293.080.37%
$294.00Jul 27$0.06$1.12$1.18$292.82$295.180.40%
$291.00Jul 27$1.95$0.03$1.98$289.02$292.980.68%
$295.00Jul 27$0.01$2.09$2.10$292.90$297.100.72%
$293.00Jul 28$1.27$1.33$2.60$290.40$295.600.89%
$294.00Jul 28$0.79$1.85$2.64$291.36$296.640.90%
$292.00Jul 28$1.88$0.93$2.81$289.19$294.810.96%
$295.00Jul 28$0.45$2.46$2.91$292.09$297.910.99%
$290.00Jul 27$2.94$0.02$2.96$287.04$292.961.01%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 354 found (cheapest 0.03% of stock, avg 2.18%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$294.00$291.00Jul 27$0.06$0.03$0.09$290.91$294.09
$294.00$292.00Jul 27$0.06$0.08$0.14$291.86$294.14
$293.00$291.00Jul 27$0.30$0.03$0.33$290.67$293.33
$297.00$288.00Jul 28$0.12$0.19$0.31$287.69$297.31
$293.00$292.00Jul 27$0.30$0.08$0.38$291.62$293.38
$296.00$288.00Jul 28$0.23$0.19$0.42$287.58$296.42
$297.00$289.00Jul 28$0.12$0.29$0.41$288.59$297.41
$296.00$289.00Jul 28$0.23$0.29$0.52$288.48$296.52
$297.00$290.00Jul 28$0.12$0.44$0.56$289.44$297.56
$295.00$288.00Jul 28$0.45$0.19$0.64$287.36$295.64

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 486 found (best R:R 19.00, avg credit $1.22)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
255/260265/270Aug 21$4.75$0.2519.00$255.25$269.75
250/255265/270Aug 21$4.71$0.2916.24$250.29$269.71
250/255260/270Aug 28$9.38$0.6215.13$245.62$269.38
245/250260/270Aug 28$9.34$0.6614.15$240.66$269.34
255/260270/275Aug 21$4.64$0.3612.89$255.36$274.64
255/260270/276Aug 14$5.56$0.4412.64$254.44$275.56
262/265270/276Aug 14$5.56$0.4412.64$259.44$275.56
271/272273/275Aug 28$1.85$0.1512.33$270.15$274.85
250/255270/275Aug 21$4.60$0.4011.50$250.40$274.60
270/271273/275Aug 28$1.83$0.1710.76$269.17$274.83

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 120 found (best R:R 82.33, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$250.00$255.00$260.00Aug 21$0.07$4.9370.43
$320.00$325.00$330.00Aug 28$0.07$4.9370.43
$265.00$270.00$275.00Aug 21$0.11$4.8944.45
$315.00$320.00$325.00Aug 28$0.17$4.8328.41
$284.00$285.00$286.00Jul 28$0.05$0.9519.00
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$250.00$255.00$260.00Aug 28$0.06$4.9482.33
$255.00$260.00$265.00Aug 28$0.09$4.9154.56
$260.00$265.00$270.00Aug 28$0.14$4.8634.71
$293.00$295.00$297.00Sep 4$0.07$1.9327.57
$288.00$289.00$290.00Jul 28$0.05$0.9519.00

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 416 found (best net $--, 391 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$271.00$282.501:2Aug 4-$0.81$10.69
$261.00$276.001:2Sep 4-$7.60$7.40
$310.00$316.001:2Jul 28-$0.01$5.99
$320.00$325.001:2Aug 7$0.00$5.00
$335.00$340.001:2Aug 21$0.00$5.00
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$262.00$240.001:2Jul 30$0.00$22.00
$260.00$240.001:2Jul 29-$0.01$19.99
$267.00$250.001:2Jul 27-$0.01$16.99
$255.00$245.001:2Aug 3$0.00$10.00
$260.00$250.001:2Jul 28-$0.01$9.99

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 211 found (best yield 2.88%, avg 0.70%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$293.00Sep 4$8.430.510.0%2.88%2.91%117
$294.00Sep 4$7.850.490.4%2.68%3.05%410
$293.00Aug 28$7.590.510.0%2.59%2.62%5421
$295.00Sep 4$7.290.470.7%2.49%3.20%66
$294.00Aug 28$7.010.490.4%2.39%2.76%15121
$296.00Sep 4$6.750.461.1%2.30%3.36%95
$293.00Aug 21$6.720.510.0%2.29%2.32%2511.3K
$295.00Aug 28$6.450.470.7%2.20%2.91%2775
$294.00Aug 21$6.130.480.4%2.09%2.46%6451.0K
$296.00Aug 28$5.910.451.1%2.02%3.07%24452

Current 5-Minute Volume Snapshots

Time (HH:MM) Total Volume Call Volume Put Volume Volume Change
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Prior's 5-Minute Volume Snapshots

Time (HH:MM) Total Volume Call Volume Put Volume Volume Change
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Current Put/Call Breakdown

Total Calls 459,709
Total Puts 1,031,147
Put/Call Ratio 2.24
Net Difference -571,438

Prior's Put/Call Breakdown

Total Calls 143,861
Total Puts 602,867
Put/Call Ratio 4.19
Net Difference -459,006

Prior 7-Day Put/Call Summary

Total Calls 2,692,569
Total Puts 5,989,680
Average Put/Call Ratio 2.45
Ratio Trend Falling

Daily Put/Call History (Last 7 Days)

Date Calls Puts Ratio Net Diff
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Upcoming Earnings - 2 Weeks Prior

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Upcoming Earnings - 1 Week Prior

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Earnings This Week

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Earnings - Day Before / Day After

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Options Activity Around Earnings

Ticker Earnings Date Days Away Call Volume Put Volume IV Rank
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Chart Title

Price — Past 7 Days

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