Tour v421
IWM
iShares Russell 2000 ETF
$293.08 +0.66%
(7/27 15:35) ◀
|
Monday, July 27, 2026 (3:40pm)
January 2026
|
▶ (7/27 15:45)
◀ 7/27 15:40 ▶

Option Volume

Detail
ℹ
Current (07/27 3:40pm) 1,579,752
Calls: 484,725 (31%)
Puts: 1,095,027 (69%)
Prior (07/24) 1,319,225
Calls: 463,828 (35%)
Puts: 855,397 (65%)
Current vs Prior +19.75%
Calls: +4.51% (Calls)
Puts: +28.01% (Puts)
Prior 7-Day Total 10,618,928
Calls: 3,275,910 (31%)
Puts: 7,343,018 (69%)
Prior 7-Day Average 1,516,989
Calls: 467,987 (31%)
Puts: 1,049,002 (69%)
Current vs Prior 7-Day Avg +4.14%
Calls: +3.58%
Puts: +4.39%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (07/27 3:40pm) $162.84M
Calls: $38.36M (24%)
Puts: $124.48M (76%)
Prior (07/24) $138.46M
Calls: $24.02M (17%)
Puts: $114.44M (83%)
Current vs Prior +17.61%
Calls: +59.70%
Puts: +8.77%
Prior 7-Day Total $1.14B
Calls: $249.11M (22%)
Puts: $889.60M (78%)
Prior 7-Day Average $162.67M
Calls: $35.59M (22%)
Puts: $127.09M (78%)
Current vs Prior 7-Day Avg +0.10%
Calls: +7.78%
Puts: -2.05%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (07/27 3:40pm) 2.26
Prior (07/24) 1.84
Current vs Prior +22.50%
Prior 7-Day Average 2.24
Current vs Prior 7-Day Avg +0.75%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (07/27 3:40pm) 2,808,902
Calls: 582,980 (21%)
Puts: 2,225,922 (79%)
Prior (07/24) 2,897,107
Calls: 660,940 (23%)
Puts: 2,236,167 (77%)
Current vs Prior -3.04%
Prior 7-Day Total 19,750,519
Calls: 4,158,820 (21%)
Puts: 15,591,699 (79%)
Prior 7-Day Average 2,821,502
Calls: 594,117 (21%)
Puts: 2,227,385 (79%)
Current vs Prior 7-Day Avg -0.45%
Sentiment BULLISH

Expected Move

Detail
ℹ
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 0.42% | 1.05%0.42% | 1.57%2.18% | 3.12%4.50% | 6.40%
Prior 1.16% | 1.50%0.38% | 1.16%0.38% | 2.50%4.71% | 6.62%
Current vs Prior -64.25% | -30.37%+9.21% | +34.80%+471.96% | +24.87%-4.42% | -3.38%
Prior 7-Day Avg 1.16% | 1.50%0.38% | 1.16%0.38% | 2.50%4.71% | 6.62%
Current vs 7-Day Avg -64.25% | -30.37%+9.21% | +34.80%+471.96% | +24.87%-4.42% | -3.38%
Prior 7-Day Eod 1.16% | 1.50%1.14% | 1.94%2.51% | 3.41%4.72% | 6.63%
Current vs 7-Day Eod -64.25% | -30.37%-63.60% | -18.97%-13.27% | -8.46%-4.62% | -3.48%
Sentiment BULLISHBEARISHBEARISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 3.92% | 1.61%
Calls: 3.57% | 1.49%
Puts: 4.26% | 1.73%
Prior 8.34% | 5.07%
Calls: 6.67% | 5.85%
Puts: 10.00% | 4.29%
Current vs Prior -53.00% | -68.24%
Prior 7-Day Avg 8.34% | 5.07%
Calls: 6.67% | 5.85%
Puts: 10.00% | 4.29%
Current vs 7-Day Avg -53.00% | -68.24%
Liquidity Good
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🤖 AI Insights

Strong bearish conviction with 76% of dollar volume in puts ($124.48M) vs calls ($38.36M). Extreme bearish P/C ratio of 2.26 - heavy put buying. Put-heavy open interest (2,225,922 puts vs 582,980 calls) suggests hedging or bearish positioning.

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
Sentiment Timeline (Today)
TimeSmart MoneyRetailOverall
15:40BEARISHBEARISHBEARISH
15:35BEARISHBEARISHBEARISH
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09:40BULLISHBEARISHBEARISH
09:35BULLISHBEARISHBEARISH

📈 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 957 of results (avg 2.9%, best 0.5%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$235.00Jul 3158.0258.34$58.180.6%--1.0020
$235.00Aug 2158.6658.99$58.830.6%--1.00551
$240.00Jul 3153.0353.34$53.190.6%--1.0058
$275.00Aug 2120.3820.50$20.440.6%100.842.4K
$240.00Aug 2153.7254.05$53.890.6%11.002.8K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$350.00Jul 2856.7957.10$56.950.5%201.00--
$340.00Aug 1446.7847.11$46.950.7%11.00--
$294.00Jul 292.462.48$2.470.8%6480.571.1K
$293.00Jul 281.221.23$1.230.8%7.5K0.491.2K
$305.00Aug 2112.8612.98$12.920.9%20.794.4K

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 285 found (avg $0.42, cheapest $0.06)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$303.00Jul 300.050.06$0.0616.7%500.03110
$305.00Jul 310.050.06$0.0616.7%7640.032.1K
$312.00Aug 70.050.06$0.0616.7%160.02463
$323.00Aug 210.050.06$0.0616.7%10.017
$321.00Aug 210.070.08$0.0812.5%--0.02455
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$285.00Jul 280.050.06$0.0616.7%10.6K0.03111.1K
$279.00Jul 290.050.06$0.0616.7%2.8K0.02715
$267.00Jul 310.050.06$0.0616.7%2650.019.3K
$261.00Aug 30.050.06$0.0616.7%--0.0165
$240.00Aug 70.050.06$0.0616.7%--0.01519

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 454 found (avg delta 0.80, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$245.00Jul 3047.9648.28$48.120.7%11.001
$260.00Jul 3032.9833.30$33.141.0%11.002
$264.00Jul 3028.9929.30$29.151.1%11.00--
$275.00Jul 3018.0518.36$18.201.7%11.00--
$245.00Aug 348.0748.39$48.230.7%11.00--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$295.00Jul 271.861.99$1.936.7%17.2K1.001.6K
$296.00Jul 272.862.99$2.934.4%4.3K1.001.9K
$297.00Jul 273.863.95$3.912.3%3541.00139
$298.00Jul 274.854.99$4.922.8%9321.0010
$299.00Jul 275.855.99$5.922.4%281.0010

Most actively traded options today. High liquidity = easy entry/exit. 1,151 active (total vol 1.6M, top 118.3K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$293.00Jul 270.270.28$0.283.6%81.5K0.532.8K
$294.00Jul 270.020.03$0.0333.3%68.5K0.082.3K
$295.00Jul 270.000.01$0.01100.0%57.9K0.025.6K
$292.00Jul 271.051.14$1.108.2%55.1K0.921.0K
$296.00Jul 270.000.01$0.01100.0%40.3K0.013.1K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$292.00Jul 270.020.03$0.0333.3%118.3K0.082.0K
$291.00Jul 270.010.02$0.0250.0%95.3K0.033.3K
$293.00Jul 270.200.21$0.214.8%74.1K0.472.7K
$290.00Jul 311.801.83$1.821.6%71.0K0.34113.8K
$281.00Aug 212.572.62$2.601.9%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 591.1%, max 2369.5%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$320.00Jul 27Sep 4371.7%16.9%2106.2%1615
$315.00Jul 27Sep 4311.0%17.4%1690.6%1041
$261.00Jul 27Sep 4481.7%27.7%1638.0%15--
$260.00Jul 27Aug 28496.3%28.8%1624.7%310
$265.00Jul 27Aug 21423.4%28.2%1402.0%499.0K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$323.00Jul 27Aug 21407.3%16.5%2369.5%10--
$320.00Jul 27Aug 21371.7%16.3%2174.6%3455
$250.00Jul 27Sep 4644.1%31.1%1971.5%519
$318.00Jul 27Sep 4347.7%17.1%1937.1%7--
$311.00Jul 27Aug 21261.0%16.9%1447.2%533

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 503 found (best R:R 89.91, avg 4.02)

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$0.13$9.87$0.1375.92$326.13
$320.00$325.00Aug 28$0.12$4.88$0.1240.67$320.12
$315.00$320.00Aug 28$0.29$4.71$0.2916.24$315.29
$305.00$307.00Aug 6$0.12$1.88$0.1215.67$305.12
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$255.00$250.00Aug 21$0.10$4.90$0.1049.00$254.90
$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$0.25$9.75$0.2539.00$269.75
$250.00$245.00Sep 4$0.14$4.86$0.1434.71$249.86

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 667 found (best R:R 167.42, avg 2.45)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$245.00$277.00Aug 3$31.67$31.67$0.3395.97$276.67
$255.00$260.00Aug 14$4.90$4.90$0.1049.00$259.90
$240.00$245.00Aug 28$4.90$4.90$0.1049.00$244.90
$250.00$255.00Aug 21$4.88$4.88$0.1240.67$254.88
$255.00$260.00Aug 21$4.83$4.83$0.1728.41$259.83
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$340.00$308.00Aug 14$31.81$31.81$0.19167.42$308.19
$320.00$311.00Aug 21$8.85$8.85$0.1559.00$311.15
$310.00$302.00Aug 3$7.82$7.82$0.1843.44$302.18
$305.00$302.00Aug 4$2.78$2.78$0.2212.64$302.22
$302.00$300.00Jul 30$1.85$1.85$0.1512.33$300.15

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 73 found (avg debit $0.38, cheapest $0.05)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$285.00Jul 27Jul 28$0.05132.6%28.5%
$307.50Aug 4Aug 6$0.0616.2%16.2%
$286.00Jul 27Jul 28$0.07117.7%27.0%
$245.00Jul 30Jul 31$0.0764.5%61.9%
$260.00Jul 27Jul 30$0.09496.3%49.2%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$307.00Jul 31Aug 7$0.0519.5%17.0%
$268.00Jul 27Jul 31$0.06379.9%39.6%
$286.00Jul 27Jul 28$0.07117.7%27.0%
$297.00Jul 27Jul 28$0.0969.4%18.1%
$306.00Jul 31Aug 7$0.1019.6%17.2%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 427 found (cheapest 0.17% of stock, avg 4.94%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$293.00Jul 27$0.28$0.21$0.49$292.51$293.490.17%
$294.00Jul 27$0.03$0.94$0.97$293.03$294.970.33%
$292.00Jul 27$1.10$0.03$1.13$290.87$293.130.39%
$295.00Jul 27$0.01$1.93$1.94$293.06$296.940.66%
$291.00Jul 27$2.09$0.02$2.11$288.89$293.110.72%
$293.00Jul 28$1.34$1.23$2.57$290.43$295.570.88%
$294.00Jul 28$0.84$1.73$2.57$291.43$296.570.88%
$292.00Jul 28$1.97$0.85$2.82$289.18$294.820.96%
$295.00Jul 28$0.47$2.37$2.84$292.16$297.840.97%
$296.00Jul 27$0.01$2.93$2.94$293.06$298.941.00%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 347 found (cheapest 0.02% of stock, avg 2.20%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$294.00$292.00Jul 27$0.03$0.03$0.06$291.94$294.06
$294.00$293.00Jul 27$0.03$0.21$0.24$292.76$294.24
$297.00$289.00Jul 28$0.11$0.26$0.37$288.63$297.37
$296.00$289.00Jul 28$0.24$0.26$0.50$288.50$296.50
$297.00$290.00Jul 28$0.11$0.39$0.50$289.50$297.50
$296.00$290.00Jul 28$0.24$0.39$0.63$289.37$296.63
$297.00$291.00Jul 28$0.11$0.58$0.69$290.31$297.69
$295.00$289.00Jul 28$0.47$0.26$0.73$288.27$295.73
$296.00$291.00Jul 28$0.24$0.58$0.82$290.18$296.82
$295.00$290.00Jul 28$0.47$0.39$0.86$289.14$295.86

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 481 found (best R:R 21.73, avg credit $1.18)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
255/260265/270Aug 21$4.78$0.2221.73$255.22$269.78
250/255265/270Aug 21$4.73$0.2717.52$250.27$269.73
250/255260/270Aug 28$9.40$0.6015.67$245.60$269.40
245/250260/270Aug 28$9.35$0.6514.38$240.65$269.35
255/260270/275Aug 21$4.65$0.3513.29$255.35$274.65
250/255270/275Aug 21$4.60$0.4011.50$250.40$274.60
270/271273/275Aug 28$1.84$0.1611.50$269.16$274.84
271/272273/275Aug 28$1.84$0.1611.50$270.16$274.84
272/273275/277Aug 28$1.81$0.199.53$271.19$276.81
273/274275/277Aug 28$1.81$0.199.53$272.19$276.81

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 107 found (best R:R 99.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$250.00$255.00$260.00Aug 21$0.05$4.9599.00
$320.00$325.00$330.00Aug 28$0.07$4.9370.43
$265.00$270.00$275.00Aug 21$0.13$4.8737.46
$315.00$320.00$325.00Aug 28$0.17$4.8328.41
$297.00$298.00$299.00Jul 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$0.05$4.9599.00
$255.00$260.00$265.00Aug 28$0.09$4.9154.56
$260.00$265.00$270.00Aug 28$0.13$4.8737.46
$293.00$295.00$297.00Sep 4$0.09$1.9121.22

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 412 found (best net $--, 385 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$271.00$282.501:2Aug 4-$0.84$10.66
$261.00$276.001:2Sep 4-$7.60$7.40
$310.00$316.001:2Jul 28-$0.01$5.99
$330.00$335.001:2Aug 28$0.00$5.00
$310.00$315.001:2Jul 27-$0.01$4.99
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
$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. 194 found (best yield 2.68%, avg 0.65%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$294.00Sep 4$7.840.490.3%2.68%2.99%610
$295.00Sep 4$7.270.470.7%2.48%3.14%66
$294.00Aug 28$7.030.490.3%2.40%2.71%15121
$296.00Sep 4$6.760.461.0%2.31%3.30%95
$295.00Aug 28$6.470.470.7%2.21%2.86%3075
$294.00Aug 21$6.160.490.3%2.10%2.42%6611.0K
$296.00Aug 28$5.930.451.0%2.02%3.02%24452
$298.00Sep 4$5.730.411.7%1.96%3.63%5169
$295.00Aug 21$5.590.460.7%1.91%2.56%2.7K25.7K
$297.00Aug 28$5.410.421.3%1.85%3.18%6281

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 484,725
Total Puts 1,095,027
Put/Call Ratio 2.26
Net Difference -610,302

Prior's Put/Call Breakdown

Total Calls 463,828
Total Puts 855,397
Put/Call Ratio 1.84
Net Difference -391,569

Prior 7-Day Put/Call Summary

Total Calls 3,275,910
Total Puts 7,343,018
Average Put/Call Ratio 2.24
Ratio Trend Rising

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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