Tour v422
IWM
iShares Russell 2000 ETF
$292.91 +0.60%
$292.99 (+0.03%)🌙
as of 07/27 06:05 PM
7/27 18:05

Option Volume

Detail
Current (07/27) 1,692,431
Calls: 505,113 (30%)
Puts: 1,187,318 (70%)
Prior (07/24) 746,728
Calls: 143,861 (19%)
Puts: 602,867 (81%)
Current vs Prior +126.65%
Calls: +251.11% (Calls)
Puts: +96.95% (Puts)
Prior 7-Day Total 10,173,105
Calls: 3,152,278 (31%)
Puts: 7,020,827 (69%)
Prior 7-Day Average 1,453,300
Calls: 450,325 (31%)
Puts: 1,002,975 (69%)
Current vs Prior 7-Day Avg +16.45%
Calls: +12.17%
Puts: +18.38%
Sentiment BEARISH

Dollar Volume

Detail
Current (07/27) $174.80M
Calls: $36.02M (21%)
Puts: $138.78M (79%)
Prior (07/24) $132.32M
Calls: $19.90M (15%)
Puts: $112.42M (85%)
Current vs Prior +32.10%
Calls: +81.02%
Puts: +23.45%
Prior 7-Day Total $1.11B
Calls: $246.03M (22%)
Puts: $864.50M (78%)
Prior 7-Day Average $158.65M
Calls: $35.15M (22%)
Puts: $123.50M (78%)
Current vs Prior 7-Day Avg +10.18%
Calls: +2.48%
Puts: +12.37%
Sentiment BEARISH

Put/Call Ratio

Detail
Current (07/27) 2.35
Prior (07/24) 4.19
Current vs Prior -43.91%
Prior 7-Day Average 2.42
Current vs Prior 7-Day Avg -2.84%
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 17,917,514
Calls: 3,969,804 (22%)
Puts: 13,947,710 (78%)
Prior 7-Day Average 2,559,644
Calls: 567,114 (22%)
Puts: 1,992,530 (78%)
Current vs Prior 7-Day Avg +9.74%
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 0.37% | 1.06%0.37% | 1.59%2.12% | 3.08%4.58% | 6.48%
Prior 1.14% | 1.50%1.14% | 1.94%2.51% | 3.41%4.72% | 6.63%
Current vs Prior -7.46% | +5.99%-67.76% | -17.69%-15.80% | -9.81%-2.98% | -2.24%
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 +2.09% | +14.25%-47.78% | +9.38%+49.79% | +12.58%+78.44% | +12.78%
Prior 7-Day Eod 0.47% | 1.10%1.14% | 1.94%2.51% | 3.41%4.72% | 6.63%
Current vs 7-Day Eod +124.65% | +45.49%-67.76% | -17.69%-15.80% | -9.81%-2.98% | -2.24%
Sentiment BULLISHBULLISHBULLISHBULLISH

Relative Spread

Detail
Expiry | Next
Current 3.21% | 2.69%
Calls: 3.28% | 3.44%
Puts: 3.15% | 1.95%
Prior 8.34% | 5.07%
Calls: 6.67% | 5.85%
Puts: 10.00% | 4.29%
Current vs Prior -61.51% | -46.94%
Prior 7-Day Avg 4.87% | 3.43%
Calls: 4.43% | 4.18%
Puts: 4.77% | 3.42%
Current vs 7-Day Avg -34.03% | -21.48%
Liquidity Good
+
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🤖 AI Insights

Strong bearish conviction with 79% of dollar volume in puts ($138.78M) vs calls ($36.02M). Unusually high activity with volume up 127% vs prior - elevated interest. Extreme bearish P/C ratio of 2.35 - heavy put buying. P/C ratio dropping 44% - 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 BEARISH
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 942 of results (avg 3.3%, best 0.5%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$235.00Jul 3157.8558.27$58.060.7%--1.0020
$245.00Jul 3047.8048.16$47.980.8%11.001
$235.00Aug 2158.4858.93$58.710.8%--1.00551
$240.00Jul 3152.8453.27$53.060.8%--1.0058
$240.00Aug 753.0553.49$53.270.8%--0.9910
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$350.00Jul 2856.9157.21$57.060.5%201.00--
$340.00Aug 1446.8547.30$47.081.0%11.00--
$325.00Jul 2731.9132.27$32.091.1%31.00--
$324.00Jul 2730.9131.27$31.091.2%111.00--
$323.00Jul 2729.9130.27$30.091.2%91.00--

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 266 found (avg $0.45, cheapest $0.06)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$305.00Jul 310.050.06$0.0616.7%7930.032.1K
$323.00Aug 210.050.06$0.0616.7%10.017
$319.00Aug 210.100.12$0.1118.2%--0.02529
$303.00Jul 310.110.13$0.1216.7%1.4K0.052.0K
$309.00Aug 70.110.13$0.1216.7%340.042.7K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$279.00Jul 290.050.06$0.0616.7%2.8K0.02715
$267.00Jul 310.050.06$0.0616.7%2650.019.3K
$286.00Jul 280.070.08$0.0812.5%2.5K0.042.5K
$280.00Jul 290.070.08$0.0812.5%7920.033.1K
$275.00Jul 300.070.08$0.0812.5%1980.0296

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 461 found (avg delta 0.80, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$245.00Aug 347.8848.32$48.100.9%11.00--
$245.00Aug 1448.3448.79$48.570.9%21.004
$250.00Aug 1443.4043.85$43.631.0%21.0049
$235.00Aug 2158.4858.93$58.710.8%--1.00551
$240.00Aug 2153.5453.99$53.770.8%11.002.8K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$294.00Jul 270.971.27$1.1226.8%31.9K1.00830
$295.00Jul 271.952.19$2.0711.6%17.2K1.001.6K
$296.00Jul 272.963.21$3.098.1%4.3K1.001.9K
$297.00Jul 273.914.21$4.067.4%3591.00139
$298.00Jul 274.915.26$5.096.9%9321.0010

Most actively traded options today. High liquidity = easy entry/exit. 1,172 active (total vol 1.7M, top 120.7K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$293.00Jul 270.060.10$0.0850.0%84.3K0.392.8K
$294.00Jul 270.000.01$0.01100.0%71.0K0.022.3K
$295.00Jul 270.000.01$0.01100.0%58.0K0.015.6K
$292.00Jul 270.821.02$0.9221.7%55.5K0.971.0K
$296.00Jul 270.000.01$0.01100.0%40.3K0.013.1K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$292.00Jul 270.000.01$0.01100.0%120.7K0.032.0K
$291.00Jul 270.000.01$0.01100.0%96.6K0.023.3K
$293.00Jul 270.120.20$0.1650.0%81.1K0.612.7K
$290.00Jul 311.821.87$1.852.7%71.1K0.35113.8K
$281.00Aug 212.632.69$2.662.3%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 648.0%, max 2562.3%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$320.00Jul 27Sep 4403.3%17.0%2267.6%1615
$315.00Jul 27Sep 4337.8%17.5%1832.7%1141
$261.00Jul 27Sep 4518.5%27.8%1767.6%15--
$260.00Jul 27Aug 28534.3%28.9%1750.9%310
$262.00Jul 27Aug 21502.8%29.4%1611.0%131
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$323.00Jul 27Aug 21441.7%16.6%2562.3%10--
$320.00Jul 27Aug 21403.3%16.3%2372.6%3455
$250.00Jul 27Sep 4694.0%31.2%2127.3%519
$318.00Jul 27Sep 4377.3%17.1%2103.1%7--
$311.00Jul 27Aug 21283.7%17.0%1569.4%533

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 506 found (best R:R 199.00, avg 4.45)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$310.00$320.00Aug 10$0.11$9.89$0.1189.91$310.11
$326.00$336.00Sep 4$0.12$9.88$0.1282.33$326.12
$320.00$325.00Aug 28$0.12$4.88$0.1240.67$320.12
$315.00$320.00Aug 28$0.28$4.72$0.2816.86$315.28
$305.00$307.00Aug 6$0.12$1.88$0.1215.67$305.12
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$260.00$240.00Aug 6$0.10$19.90$0.10199.00$259.90
$260.00$255.00Aug 14$0.10$4.90$0.1049.00$259.90
$250.00$245.00Aug 28$0.10$4.90$0.1049.00$249.90
$245.00$240.00Sep 4$0.10$4.90$0.1049.00$244.90
$270.00$260.00Aug 10$0.26$9.74$0.2637.46$269.74

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 674 found (best R:R 187.24, avg 2.54)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$245.00$277.00Aug 3$31.67$31.67$0.3395.97$276.67
$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$4.86$4.86$0.1434.71$259.86
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$340.00$308.00Aug 14$31.83$31.83$0.17187.24$308.17
$310.00$302.00Aug 3$7.89$7.89$0.1171.73$302.11
$320.00$311.00Aug 21$8.85$8.85$0.1559.00$311.15
$305.00$302.00Aug 4$2.81$2.81$0.1914.79$302.19
$302.00$300.00Jul 30$1.83$1.83$0.1710.76$300.17

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 70 found (avg debit $0.40, cheapest $0.05)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$282.00Jul 27Jul 28$0.05189.3%34.5%
$283.00Jul 27Jul 28$0.05173.4%32.6%
$284.00Jul 27Jul 28$0.05157.4%31.6%
$285.00Jul 27Jul 28$0.06141.3%30.1%
$297.00Jul 27Jul 28$0.0777.1%18.4%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$286.00Jul 27Jul 28$0.07125.1%28.1%
$297.00Jul 27Jul 28$0.0777.1%18.4%
$306.00Jul 31Aug 7$0.0919.6%17.3%
$287.00Jul 27Jul 28$0.11108.8%27.1%
$277.50Jul 27Jul 30$0.12260.1%33.7%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 433 found (cheapest 0.08% of stock, avg 4.93%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$293.00Jul 27$0.08$0.16$0.24$292.76$293.240.08%
$292.00Jul 27$0.92$0.01$0.93$291.07$292.930.32%
$294.00Jul 27$0.01$1.12$1.13$292.87$295.130.39%
$291.00Jul 27$1.95$0.01$1.96$289.04$292.960.67%
$295.00Jul 27$0.01$2.07$2.08$292.92$297.080.71%
$293.00Jul 28$1.22$1.27$2.49$290.51$295.490.85%
$294.00Jul 28$0.75$1.81$2.56$291.44$296.560.87%
$292.00Jul 28$1.83$0.88$2.71$289.29$294.710.93%
$295.00Jul 28$0.40$2.46$2.86$292.14$297.860.98%
$290.00Jul 27$2.95$0.01$2.96$287.04$292.961.01%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 350 found (cheapest 0.09% of stock, avg 2.18%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$297.00$288.00Jul 28$0.08$0.18$0.26$287.74$297.26
$297.00$289.00Jul 28$0.08$0.26$0.34$288.66$297.34
$296.00$288.00Jul 28$0.19$0.18$0.37$287.63$296.37
$296.00$289.00Jul 28$0.19$0.26$0.45$288.55$296.45
$297.00$290.00Jul 28$0.08$0.39$0.47$289.53$297.47
$295.00$288.00Jul 28$0.40$0.18$0.58$287.42$295.58
$296.00$290.00Jul 28$0.19$0.39$0.58$289.42$296.58
$295.00$289.00Jul 28$0.40$0.26$0.66$288.34$295.66
$297.00$291.00Jul 28$0.08$0.60$0.68$290.32$297.68
$295.00$290.00Jul 28$0.40$0.39$0.79$289.21$295.79

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 454 found (best R:R 19.83, avg credit $1.29)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
255/260265/270Aug 21$4.76$0.2419.83$255.24$269.76
250/255260/270Aug 28$9.34$0.6614.15$245.66$269.34
255/260270/276Aug 14$5.60$0.4014.00$254.40$275.60
262/265270/276Aug 14$5.60$0.4014.00$259.40$275.60
255/260270/275Aug 21$4.66$0.3413.71$255.34$274.66
245/250260/270Aug 28$9.29$0.7113.08$240.71$269.29
273/274275/277Aug 28$1.84$0.1611.50$272.16$276.84
271/272275/277Aug 28$1.83$0.1710.76$270.17$276.83
270/271275/277Aug 28$1.82$0.1810.11$269.18$276.82
271/272273/275Aug 28$1.82$0.1810.11$270.18$274.82

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 137 found (best R:R 99.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$320.00$325.00$330.00Aug 28$0.07$4.9370.43
$265.00$270.00$275.00Aug 21$0.10$4.9049.00
$315.00$320.00$325.00Aug 28$0.16$4.8430.25
$288.00$289.00$290.00Jul 28$0.05$0.9519.00
$287.00$288.00$289.00Jul 29$0.05$0.9519.00
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$245.00$250.00$255.00Aug 28$0.05$4.9599.00
$250.00$255.00$260.00Aug 28$0.06$4.9482.33
$250.00$255.00$260.00Aug 21$0.07$4.9370.43
$255.00$260.00$265.00Aug 28$0.08$4.9261.50
$260.00$265.00$270.00Aug 28$0.14$4.8634.71

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 414 found (best net $--, 390 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$265.00$279.001:2Jul 28-$0.08$13.92
$271.00$282.001:2Aug 4-$1.64$9.36
$280.00$288.001:2Aug 5-$0.53$7.47
$261.00$276.001:2Sep 4-$7.57$7.43
$310.00$316.001:2Jul 28-$0.01$5.99
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
$260.00$250.001:2Jul 28-$0.01$9.99
$310.00$302.001:2Aug 3-$1.30$6.70

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 208 found (best yield 2.86%, avg 0.70%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$293.00Sep 4$8.380.510.0%2.86%2.89%117
$294.00Sep 4$7.790.490.4%2.66%3.03%710
$293.00Aug 28$7.530.510.0%2.57%2.60%5421
$295.00Sep 4$7.220.470.7%2.46%3.18%66
$294.00Aug 28$6.950.490.4%2.37%2.74%24121
$293.00Aug 21$6.670.510.0%2.28%2.31%2761.3K
$296.00Sep 4$6.680.451.1%2.28%3.34%95
$295.00Aug 28$6.380.470.7%2.18%2.89%3075
$294.00Aug 21$6.080.480.4%2.08%2.45%6611.0K
$297.50Sep 4$5.910.421.6%2.02%3.58%1--

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 505,113
Total Puts 1,187,318
Put/Call Ratio 2.35
Net Difference -682,205

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 3,152,278
Total Puts 7,020,827
Average Put/Call Ratio 2.42
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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