Tour v421
IWM
iShares Russell 2000 ETF
$293.09 +0.66%
(7/27 15:45) ◀
|
Monday, July 27, 2026 (3:50pm)
January 2026
|
▶ (7/27 15:55)
◀ 7/27 15:50 ▶

Option Volume

Detail
ℹ
Current (07/27 3:50pm) 1,612,909
Calls: 491,406 (30%)
Puts: 1,121,503 (70%)
Prior (07/24) 1,339,749
Calls: 468,624 (35%)
Puts: 871,125 (65%)
Current vs Prior +20.39%
Calls: +4.86% (Calls)
Puts: +28.74% (Puts)
Prior 7-Day Total 10,812,545
Calls: 3,335,704 (31%)
Puts: 7,476,841 (69%)
Prior 7-Day Average 1,544,649
Calls: 476,529 (31%)
Puts: 1,068,120 (69%)
Current vs Prior 7-Day Avg +4.42%
Calls: +3.12%
Puts: +5.00%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (07/27 3:50pm) $167.11M
Calls: $37.82M (23%)
Puts: $129.29M (77%)
Prior (07/24) $141.55M
Calls: $24.08M (17%)
Puts: $117.47M (83%)
Current vs Prior +18.05%
Calls: +57.09%
Puts: +10.05%
Prior 7-Day Total $1.14B
Calls: $258.69M (23%)
Puts: $882.51M (77%)
Prior 7-Day Average $163.03M
Calls: $36.96M (23%)
Puts: $126.07M (77%)
Current vs Prior 7-Day Avg +2.50%
Calls: +2.34%
Puts: +2.55%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (07/27 3:50pm) 2.28
Prior (07/24) 1.86
Current vs Prior +22.77%
Prior 7-Day Average 2.24
Current vs Prior 7-Day Avg +1.81%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (07/27 3:50pm) 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 0.46% | 1.05%0.46% | 1.55%2.21% | 3.12%4.54% | 6.41%
Prior 1.16% | 1.50%0.38% | 1.16%0.38% | 2.50%4.71% | 6.62%
Current vs Prior -60.44% | -29.91%+20.83% | +33.33%+479.98% | +24.73%-3.62% | -3.23%
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 -60.44% | -29.91%+20.83% | +33.33%+479.98% | +24.73%-3.62% | -3.23%
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 -60.44% | -29.91%-59.73% | -19.86%-12.06% | -8.56%-3.83% | -3.33%
Sentiment BULLISHBEARISHBEARISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 61.89% | 16.76%
Calls: 16.00% | 8.09%
Puts: 107.78% | 25.43%
Prior 8.34% | 5.07%
Calls: 6.67% | 5.85%
Puts: 10.00% | 4.29%
Current vs Prior +642.09% | +230.57%
Prior 7-Day Avg 8.34% | 5.07%
Calls: 6.67% | 5.85%
Puts: 10.00% | 4.29%
Current vs 7-Day Avg +642.09% | +230.57%
Liquidity Expensive
+
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🤖 AI Insights

Strong bearish conviction with 77% of dollar volume in puts ($129.29M) vs calls ($37.82M). Extreme bearish P/C ratio of 2.28 - 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
15:50BEARISHBEARISHBEARISH
15:45BEARISHBEARISHBEARISH
15:40BEARISHBEARISHBEARISH
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09:40BULLISHBEARISHBEARISH
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📈 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 289 of results (avg 6.9%, best 1.9%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$235.00Aug 2858.7759.91$59.341.9%51.00--
$245.00Jul 3147.9149.00$48.462.2%111.0016
$235.00Aug 2158.1459.64$58.892.5%--1.00551
$235.00Jul 3157.4958.98$58.242.6%--1.0020
$240.00Aug 2153.2054.70$53.952.8%11.002.8K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$350.00Jul 2856.1457.64$56.892.6%201.00--
$340.00Aug 1446.1447.63$46.893.2%11.00--
$323.00Aug 2129.1330.17$29.653.5%10.99--
$293.00Jul 292.002.09$2.054.4%8800.48540
$325.00Jul 2731.1432.64$31.894.7%31.00--

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 12 found (avg $0.48, cheapest $0.08)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$297.00Jul 280.100.12$0.1118.2%5.4K0.091.1K
$293.00Jul 270.230.27$0.2516.0%83.0K0.652.8K
$295.00Jul 280.440.53$0.4918.4%7.4K0.271.6K
$299.00Jul 310.580.69$0.6417.2%1.0K0.19964
$294.00Jul 280.750.91$0.8319.3%10.4K0.402.3K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$286.00Jul 280.070.08$0.0812.5%2.2K0.042.5K
$287.00Jul 280.100.12$0.1118.2%2.7K0.063.3K
$288.00Jul 280.160.18$0.1711.8%10.4K0.097.6K
$290.00Jul 280.350.41$0.3815.8%6.0K0.192.9K
$292.00Jul 280.810.90$0.8610.5%7.9K0.361.4K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 459 found (avg delta 0.80, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$279.00Jul 2913.6914.96$14.338.9%11.002
$245.00Jul 3047.4348.94$48.193.1%11.001
$260.00Jul 3032.9733.95$33.462.9%11.002
$264.00Jul 3028.4729.96$29.225.1%11.00--
$275.00Jul 3018.0419.01$18.525.2%11.00--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$295.00Jul 271.142.61$1.8878.2%17.2K1.001.6K
$296.00Jul 272.153.61$2.8850.7%4.3K1.001.9K
$297.00Jul 273.144.61$3.8837.9%3591.00139
$298.00Jul 274.145.64$4.8930.7%9321.0010
$299.00Jul 275.136.64$5.8925.6%281.0010

Most actively traded options today. High liquidity = easy entry/exit. 1,161 active (total vol 1.6M, top 119.7K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$293.00Jul 270.230.27$0.2516.0%83.0K0.652.8K
$294.00Jul 270.010.02$0.0250.0%70.0K0.072.3K
$295.00Jul 270.000.01$0.01100.0%57.9K0.025.6K
$292.00Jul 270.421.40$0.91107.7%55.4K0.951.0K
$296.00Jul 270.000.01$0.01100.0%40.3K0.013.1K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$292.00Jul 270.010.02$0.0250.0%119.7K0.052.0K
$291.00Jul 270.000.01$0.01100.0%96.5K0.013.3K
$293.00Jul 270.100.20$0.1566.7%76.5K0.352.7K
$290.00Jul 311.761.97$1.8711.2%71.1K0.34113.8K
$281.00Aug 212.402.81$2.6115.7%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. 137 strikes (avg 639.8%, max 2565.3%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$320.00Jul 27Sep 4399.5%16.8%2282.9%1615
$315.00Jul 27Sep 4333.9%17.4%1817.8%1041
$261.00Jul 27Sep 4522.3%27.8%1779.1%15--
$260.00Jul 27Aug 28538.1%28.9%1764.0%310
$262.00Jul 27Aug 21506.5%29.3%1628.6%131
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$323.00Jul 27Aug 21437.9%16.4%2565.3%10--
$320.00Jul 27Aug 21399.5%16.2%2372.7%3455
$250.00Jul 27Sep 4697.7%31.3%2130.4%519
$318.00Jul 27Sep 4373.5%17.1%2084.3%7--
$311.00Jul 27Aug 21279.7%16.9%1552.2%533

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 504 found (best R:R 199.00, avg 4.38)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$310.00$320.00Aug 10$0.12$9.88$0.1282.33$310.12
$326.00$336.00Sep 4$0.12$9.88$0.1282.33$326.12
$320.00$325.00Aug 28$0.16$4.84$0.1630.25$320.16
$315.00$320.00Aug 28$0.26$4.74$0.2618.23$315.26
$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
$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
$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. 680 found (best R:R 159.00, avg 2.50)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$245.00$277.00Aug 3$31.66$31.66$0.3493.12$276.66
$245.00$260.00Jul 30$14.73$14.73$0.2754.56$259.73
$255.00$260.00Aug 14$4.90$4.90$0.1049.00$259.90
$250.00$255.00Aug 21$4.89$4.89$0.1144.45$254.89
$264.00$275.00Jul 30$10.70$10.70$0.3035.67$274.70
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$8.83$8.83$0.1751.94$311.17
$310.00$302.00Aug 3$7.82$7.82$0.1843.44$302.18
$305.00$302.00Aug 4$2.76$2.76$0.2411.50$302.24
$323.00$320.00Aug 21$2.76$2.76$0.2411.50$320.24

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 76 found (avg debit $0.39, cheapest $0.05)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$280.00Jul 27Jul 28$0.05224.9%36.5%
$281.00Jul 27Jul 28$0.05209.2%34.0%
$283.00Jul 27Jul 28$0.06177.5%30.9%
$289.00Jul 27Jul 28$0.0779.9%24.3%
$270.00Jul 27Jul 31$0.08381.2%37.7%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$268.00Jul 27Jul 31$0.06412.4%39.8%
$307.00Jul 31Aug 7$0.0619.4%17.0%
$286.00Jul 27Jul 28$0.07129.4%27.5%
$297.00Jul 27Jul 28$0.0972.5%18.1%
$287.00Jul 27Jul 28$0.10113.1%26.6%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 431 found (cheapest 0.14% of stock, avg 4.96%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$293.00Jul 27$0.25$0.15$0.40$292.60$293.400.14%
$292.00Jul 27$0.91$0.02$0.93$291.07$292.930.32%
$294.00Jul 27$0.02$1.10$1.12$292.88$295.120.38%
$295.00Jul 27$0.01$1.88$1.89$293.11$296.890.64%
$291.00Jul 27$2.22$0.01$2.23$288.77$293.230.76%
$294.00Jul 28$0.83$1.73$2.56$291.44$296.560.87%
$293.00Jul 28$1.36$1.21$2.57$290.43$295.570.88%
$295.00Jul 28$0.49$2.30$2.79$292.21$297.790.95%
$292.00Jul 28$2.00$0.86$2.86$289.14$294.860.98%
$296.00Jul 27$0.01$2.88$2.89$293.11$298.890.99%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 346 found (cheapest 0.06% of stock, avg 2.22%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$294.00$293.00Jul 27$0.02$0.15$0.17$292.83$294.17
$297.00$289.00Jul 28$0.11$0.28$0.39$288.61$297.39
$297.00$290.00Jul 28$0.11$0.38$0.49$289.51$297.49
$296.00$289.00Jul 28$0.25$0.28$0.53$288.47$296.53
$296.00$290.00Jul 28$0.25$0.38$0.63$289.37$296.63
$297.00$291.00Jul 28$0.11$0.57$0.68$290.32$297.68
$295.00$289.00Jul 28$0.49$0.28$0.77$288.23$295.77
$296.00$291.00Jul 28$0.25$0.57$0.82$290.18$296.82
$295.00$290.00Jul 28$0.49$0.38$0.87$289.13$295.87
$297.00$292.00Jul 28$0.11$0.86$0.97$291.03$297.97

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 440 found (best R:R 24.00, avg credit $1.27)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
255/260265/270Aug 21$4.80$0.2024.00$255.20$269.80
250/255265/270Aug 21$4.76$0.2419.83$250.24$269.76
250/255260/270Aug 28$9.40$0.6015.67$245.60$269.40
245/250260/270Aug 28$9.37$0.6314.87$240.63$269.37
255/260270/276Aug 14$5.59$0.4113.63$254.41$275.59
271/272273/275Aug 28$1.86$0.1413.29$270.14$274.86
255/260270/275Aug 21$4.64$0.3612.89$255.36$274.64
250/255270/275Aug 21$4.60$0.4011.50$250.40$274.60
245/250261/276Sep 4$13.51$1.499.07$236.49$274.51
285/286290/291Aug 10$0.90$0.109.00$285.10$290.90

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 185 found (best R:R 99.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$250.00$255.00$260.00Aug 21$0.06$4.9482.33
$315.00$320.00$325.00Aug 28$0.10$4.9049.00
$320.00$325.00$330.00Aug 28$0.12$4.8840.67
$273.00$275.00$277.00Aug 28$0.06$1.9432.33
$265.00$270.00$275.00Aug 21$0.16$4.8430.25
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$240.00$245.00$250.00Sep 4$0.05$4.9599.00
$240.00$245.00$250.00Aug 28$0.06$4.9482.33
$250.00$255.00$260.00Aug 28$0.09$4.9154.56
$260.00$265.00$270.00Aug 28$0.18$4.8226.78
$298.00$299.00$300.00Jul 29$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. 409 found (best net $-0.01, 386 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$271.00$282.001:2Aug 4-$1.83$9.17
$261.00$276.001:2Sep 4-$7.64$7.36
$310.00$316.001:2Jul 28-$0.01$5.99
$285.00$291.001:2Aug 4-$0.47$5.53
$325.00$330.001:2Aug 7$0.00$5.00
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$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
$255.00$245.001:2Aug 3-$0.02$9.98
$310.00$302.001:2Aug 3-$1.25$6.75

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 195 found (best yield 2.59%, avg 0.62%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$294.00Sep 4$7.580.490.3%2.59%2.90%610
$295.00Sep 4$7.160.480.7%2.44%3.09%66
$294.00Aug 28$6.770.490.3%2.31%2.62%17121
$296.00Sep 4$6.740.461.0%2.30%3.29%95
$295.00Aug 28$6.350.470.7%2.17%2.82%3075
$294.00Aug 21$5.880.490.3%2.01%2.32%6611.0K
$296.00Aug 28$5.790.451.0%1.98%2.97%24452
$298.00Sep 4$5.710.421.7%1.95%3.62%5169
$295.00Aug 21$5.350.470.7%1.83%2.48%2.7K25.7K
$297.00Aug 28$5.280.431.3%1.80%3.14%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 491,406
Total Puts 1,121,503
Put/Call Ratio 2.28
Net Difference -630,097

Prior's Put/Call Breakdown

Total Calls 468,624
Total Puts 871,125
Put/Call Ratio 1.86
Net Difference -402,501

Prior 7-Day Put/Call Summary

Total Calls 3,335,704
Total Puts 7,476,841
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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Price — Past 7 Days

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