Tour v435
IWM
iShares Russell 2000 ETF
$291.32 -0.54%
(7/28 09:55) ◀
|
Tuesday, July 28, 2026 (10:00am)
January 2026
|
▶ (7/28 10:05)
◀ 7/28 10:00 ▶

Option Volume

Detail
ℹ
Current (07/28 10:00am) 275,916
Calls: 75,482 (27%)
Puts: 200,434 (73%)
Prior (07/27) 389,652
Calls: 99,080 (25%)
Puts: 290,572 (75%)
Current vs Prior -29.19%
Calls: -23.82% (Calls)
Puts: -31.02% (Puts)
Prior 7-Day Total 3,793,191
Calls: 1,187,244 (31%)
Puts: 2,605,947 (69%)
Prior 7-Day Average 541,884
Calls: 169,606 (31%)
Puts: 372,278 (69%)
Current vs Prior 7-Day Avg -49.08%
Calls: -55.50%
Puts: -46.16%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (07/28 10:00am) $27.67M
Calls: $5.85M (21%)
Puts: $21.83M (79%)
Prior (07/27) $43.05M
Calls: $9.76M (23%)
Puts: $33.30M (77%)
Current vs Prior -35.72%
Calls: -40.07%
Puts: -34.45%
Prior 7-Day Total $404.43M
Calls: $76.13M (19%)
Puts: $328.30M (81%)
Prior 7-Day Average $57.78M
Calls: $10.88M (19%)
Puts: $46.90M (81%)
Current vs Prior 7-Day Avg -52.10%
Calls: -46.23%
Puts: -53.46%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (07/28 10:00am) 2.66
Prior (07/27) 2.93
Current vs Prior -9.46%
Prior 7-Day Average 2.06
Current vs Prior 7-Day Avg +28.89%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (07/28 10:00am) 2,903,123
Calls: 607,391 (21%)
Puts: 2,295,732 (79%)
Prior (07/27) 2,808,902
Calls: 582,980 (21%)
Puts: 2,225,922 (79%)
Current vs Prior +3.35%
Prior 7-Day Total 20,221,624
Calls: 4,280,875 (21%)
Puts: 15,940,749 (79%)
Prior 7-Day Average 2,888,803
Calls: 611,553 (21%)
Puts: 2,277,249 (79%)
Current vs Prior 7-Day Avg +0.50%
Sentiment BULLISH

Expected Move

Detail
ℹ
Expiry (07/28) | Next (07/29)Expiry (07/29) | Next (07/31)Expiry (07/31) | Next (08/07)Expiry (08/21) | Next (09/18)
Current 0.84% | 1.49%1.49% | 2.19%2.19% | 3.14%4.67% | 6.51%
Prior 1.06% | 1.59%0.37% | 1.59%2.12% | 3.08%4.58% | 6.48%
Current vs Prior -20.86% | -6.34%+304.99% | +37.58%+3.63% | +2.22%+1.82% | +0.39%
Prior 7-Day Avg 1.11% | 1.55%0.38% | 1.38%1.25% | 2.79%4.65% | 6.55%
Current vs 7-Day Avg -24.63% | -3.62%+298.19% | +59.03%+75.63% | +12.78%+0.39% | -0.70%
Prior 7-Day Eod 1.06% | 1.59%0.37% | 1.59%2.12% | 3.08%4.58% | 6.48%
Current vs 7-Day Eod -20.86% | -6.34%+304.99% | +37.58%+3.63% | +2.22%+1.82% | +0.39%
Sentiment BULLISHBEARISHBEARISHBEARISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 3.68% | 13.17%
Calls: 3.48% | 4.57%
Puts: 3.88% | 21.76%
Prior 3.21% | 2.69%
Calls: 3.28% | 3.44%
Puts: 3.15% | 1.95%
Current vs Prior +14.64% | +389.59%
Prior 7-Day Avg 5.78% | 3.88%
Calls: 4.97% | 4.64%
Puts: 6.58% | 3.12%
Current vs 7-Day Avg -36.28% | +239.43%
Liquidity Acceptable
+
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🤖 AI Insights

Strong bearish conviction with 79% of dollar volume in puts ($21.83M) vs calls ($5.85M). Extreme bearish P/C ratio of 2.66 - heavy put buying. Put-heavy open interest (2,295,732 puts vs 607,391 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
10:00BEARISHBEARISHBEARISH
09:55BEARISHBEARISHBEARISH
09:50BEARISHBEARISHBEARISH
09:45BEARISHBEARISHBEARISH
09:40BEARISHBEARISHBEARISH
09:35BEARISHBEARISHBEARISH

📈 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 283 of results (avg 6.4%, best 0.8%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$266.00Jul 2825.2325.43$25.330.8%281.00--
$267.00Jul 2824.2324.43$24.330.8%91.00--
$268.00Jul 2823.2323.43$23.330.9%171.00--
$270.00Jul 2821.2421.43$21.340.9%481.001
$269.00Jul 2822.2322.43$22.330.9%181.00--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$315.00Jul 2823.5823.77$23.670.8%201.00--
$305.00Jul 2813.5913.76$13.681.2%191.00--
$324.00Jul 2832.5632.97$32.771.3%201.00--
$304.00Jul 2812.5912.76$12.681.3%--1.0010
$322.00Jul 2830.5431.02$30.781.6%91.00--

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 50 found (avg $0.56, cheapest $0.11)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$298.00Jul 290.110.12$0.128.3%1940.062.7K
$294.00Jul 280.130.14$0.147.1%15.8K0.113.1K
$297.00Jul 290.190.21$0.2010.0%1.0K0.093.6K
$293.00Jul 280.300.31$0.313.2%13.5K0.212.2K
$296.00Jul 290.330.35$0.345.9%3050.14941
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$281.00Jul 290.100.11$0.119.1%350.04313
$288.00Jul 280.140.16$0.1513.3%5.6K0.138.0K
$283.00Jul 290.180.21$0.2015.0%5770.083.8K
$289.00Jul 280.260.27$0.273.7%12.9K0.201.9K
$284.00Jul 290.260.28$0.277.4%1380.102.5K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 358 found (avg delta 0.77, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$260.00Jul 2831.0231.44$31.231.3%131.00--
$261.00Jul 2830.0230.44$30.231.4%251.00--
$262.00Jul 2829.0229.44$29.231.4%251.00--
$263.00Jul 2828.0228.44$28.231.5%151.00--
$264.00Jul 2827.0228.58$27.805.6%191.001
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$300.00Jul 297.9910.29$9.1425.2%--1.0048
$301.00Jul 298.4611.40$9.9329.6%--1.0011
$302.00Jul 299.4012.28$10.8426.6%--1.0010
$304.00Jul 3110.8714.86$12.8631.0%--1.0028
$305.00Jul 3112.5515.20$13.8819.1%391.0032

Most actively traded options today. High liquidity = easy entry/exit. 655 active (total vol 275.9K, top 28.7K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$294.00Jul 280.130.14$0.147.1%15.8K0.113.1K
$293.00Jul 280.300.31$0.313.2%13.5K0.212.2K
$295.00Jul 280.040.05$0.0520.0%10.9K0.053.6K
$292.00Jul 280.630.65$0.643.1%8.1K0.36840
$296.00Jul 280.020.03$0.0333.3%3.6K0.031.9K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$291.00Jul 280.780.80$0.792.5%28.7K0.472.0K
$290.00Jul 280.460.48$0.474.3%20.8K0.324.2K
$285.00Jul 311.001.12$1.0611.3%15.1K0.2288.5K
$292.00Jul 281.261.31$1.293.9%13.6K0.642.1K
$289.00Jul 280.260.27$0.273.7%12.9K0.201.9K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 126 strikes (avg 146.9%, max 633.2%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$321.00Jul 28Sep 4124.8%17.0%633.2%514
$320.00Jul 28Sep 4121.2%17.1%608.6%--43
$316.00Jul 28Sep 4106.5%17.4%513.0%--32
$260.00Jul 28Aug 28144.2%28.9%398.1%1310
$261.00Jul 28Aug 21139.7%29.9%367.1%2512
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$320.00Jul 28Aug 21121.2%16.9%618.3%3955
$250.00Jul 28Aug 28189.5%32.4%485.0%--177
$260.00Jul 28Sep 4144.2%28.3%410.1%128
$266.00Jul 28Sep 4117.4%26.7%340.4%--127
$267.00Jul 28Sep 4112.9%26.4%327.6%--50

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 492 found (best R:R 130.58, avg 3.99)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$315.00$320.00Aug 28$0.22$4.78$0.2221.73$315.22
$301.00$310.00Aug 10$0.72$8.28$0.7211.50$301.72
$300.00$301.00Aug 3$0.10$0.90$0.109.00$300.10
$301.00$302.00Aug 4$0.10$0.90$0.109.00$301.10
$299.00$300.00Jul 31$0.11$0.89$0.118.09$299.11
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$265.00$240.00Aug 6$0.19$24.81$0.19130.58$264.81
$260.00$255.00Aug 14$0.11$4.89$0.1144.45$259.89
$250.00$245.00Aug 28$0.12$4.88$0.1240.67$249.88
$245.00$240.00Sep 4$0.12$4.88$0.1240.67$244.88
$269.00$265.00Aug 6$0.10$3.90$0.1039.00$268.90

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 595 found (best R:R 65.67, avg 2.03)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$250.00$276.00Aug 4$25.61$25.61$0.3965.67$275.61
$260.00$266.00Aug 7$5.86$5.86$0.1441.86$265.86
$250.00$260.00Aug 14$9.76$9.76$0.2440.67$259.76
$250.00$255.00Aug 7$4.87$4.87$0.1337.46$254.87
$275.00$279.00Aug 21$3.85$3.85$0.1525.67$278.85
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$320.00$311.00Aug 21$8.86$8.86$0.1463.29$311.14
$310.00$305.00Aug 21$4.90$4.90$0.1049.00$305.10
$305.00$303.00Aug 14$1.87$1.87$0.1314.38$303.13
$308.00$305.00Aug 14$2.78$2.78$0.2212.64$305.22
$298.00$297.00Aug 3$0.90$0.90$0.109.00$297.10

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 76 found (avg debit $0.47, cheapest $0.05)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$270.00Jul 28Jul 31$0.0599.6%40.0%
$272.00Jul 28Jul 31$0.0690.7%38.5%
$299.00Jul 28Jul 29$0.0638.8%24.5%
$321.00Jul 28Aug 21$0.07124.8%16.8%
$267.00Jul 28Jul 31$0.08112.9%42.4%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$279.00Jul 28Jul 29$0.0659.4%38.2%
$302.00Jul 29Jul 31$0.0626.6%22.0%
$299.00Jul 28Jul 29$0.0738.8%24.5%
$245.00Jul 31Aug 7$0.0763.8%45.3%
$280.00Jul 28Jul 29$0.0854.9%37.2%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 336 found (cheapest 0.66% of stock, avg 4.83%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$292.00Jul 28$0.64$1.29$1.93$290.07$293.930.66%
$291.00Jul 28$1.15$0.79$1.94$289.06$292.940.67%
$290.00Jul 28$1.81$0.47$2.28$287.72$292.280.78%
$293.00Jul 28$0.31$1.97$2.28$290.72$295.280.78%
$289.00Jul 28$2.59$0.27$2.86$286.14$291.860.98%
$294.00Jul 28$0.14$2.80$2.94$291.06$296.941.01%
$288.00Jul 28$3.50$0.15$3.65$284.35$291.651.25%
$295.00Jul 28$0.05$3.72$3.77$291.23$298.771.29%
$292.00Jul 29$1.67$2.16$3.83$288.17$295.831.31%
$293.00Jul 29$1.21$2.76$3.97$289.03$296.971.36%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 365 found (cheapest 0.08% of stock, avg 2.26%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$294.00$287.00Jul 28$0.14$0.09$0.23$286.77$294.23
$294.00$288.00Jul 28$0.14$0.15$0.29$287.71$294.29
$293.00$287.00Jul 28$0.31$0.09$0.40$286.60$293.40
$294.00$289.00Jul 28$0.14$0.27$0.41$288.59$294.41
$293.00$288.00Jul 28$0.31$0.15$0.46$287.54$293.46
$293.00$289.00Jul 28$0.31$0.27$0.58$288.42$293.58
$294.00$290.00Jul 28$0.14$0.47$0.61$289.39$294.61
$292.00$287.00Jul 28$0.64$0.09$0.73$286.27$292.73
$292.00$288.00Jul 28$0.64$0.15$0.79$287.21$292.79
$293.00$290.00Jul 28$0.31$0.47$0.78$289.22$293.78

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 664 found (best R:R 40.67, avg credit $1.04)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
265/270272/277Aug 28$4.88$0.1240.67$265.12$276.88
260/265272/277Aug 28$4.74$0.2618.23$260.26$276.74
255/260265/270Aug 21$4.67$0.3314.15$255.33$269.67
250/255265/270Aug 21$4.66$0.3413.71$250.34$269.66
250/255260/272Aug 28$11.18$0.8213.63$243.82$271.18
245/250260/272Aug 28$11.12$0.8812.64$238.88$271.12
255/260272/277Aug 28$4.62$0.3812.16$255.38$276.62
250/255272/277Aug 28$4.57$0.4310.63$250.43$276.57
245/250272/277Aug 28$4.51$0.499.20$245.49$276.51
285/286294/295Aug 10$0.90$0.109.00$285.10$294.90

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 224 found (best R:R 99.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$320.00$325.00$330.00Aug 28$0.06$4.9482.33
$250.00$260.00$270.00Aug 14$0.18$9.8254.56
$315.00$320.00$325.00Aug 28$0.13$4.8737.46
$268.00$270.00$272.00Jul 31$0.06$1.9432.33
$297.00$298.00$299.00Aug 4$0.05$0.9519.00
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$235.00$240.00$245.00Aug 21$0.05$4.9599.00
$245.00$250.00$255.00Aug 28$0.06$4.9482.33
$245.00$250.00$255.00Aug 21$0.07$4.9370.43
$255.00$260.00$265.00Aug 14$0.08$4.9261.50
$250.00$260.00$270.00Aug 10$0.24$9.7640.67

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 385 found (best net $-0.01, 370 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$310.00$320.001:2Aug 10-$0.07$9.93
$310.00$316.001:2Aug 6$0.00$6.00
$310.00$316.001:2Jul 28-$0.01$5.99
$320.00$325.001:2Aug 7$0.00$5.00
$330.00$335.001:2Aug 14$0.00$5.00
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$260.00$240.001:2Jul 29-$0.01$19.99
$256.00$245.001:2Sep 4-$0.21$10.79
$260.00$250.001:2Jul 28-$0.01$9.99
$260.00$250.001:2Aug 10-$0.10$9.90
$315.00$305.001:2Jul 28-$3.69$6.31

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 208 found (best yield 2.74%, avg 0.65%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$292.00Sep 4$7.990.490.2%2.74%2.98%119
$293.00Sep 4$6.830.480.6%2.34%2.92%--17
$292.50Aug 28$6.750.480.4%2.32%2.72%917
$294.00Sep 4$6.720.460.9%2.31%3.23%--15
$293.00Aug 28$6.520.470.6%2.24%2.81%2754
$292.00Aug 28$6.470.490.2%2.22%2.45%--160
$295.00Sep 4$6.330.441.3%2.17%3.44%511
$292.00Aug 21$6.250.490.2%2.15%2.38%56358
$294.00Aug 28$5.970.450.9%2.05%2.97%6124
$296.00Sep 4$5.820.421.6%2.00%3.60%511

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 75,482
Total Puts 200,434
Put/Call Ratio 2.66
Net Difference -124,952

Prior's Put/Call Breakdown

Total Calls 99,080
Total Puts 290,572
Put/Call Ratio 2.93
Net Difference -191,492

Prior 7-Day Put/Call Summary

Total Calls 1,187,244
Total Puts 2,605,947
Average Put/Call Ratio 2.06
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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