Tour v452
IWM
iShares Russell 2000 ETF
$293.20 +0.10%
(7/28 15:15) ◀
|
Tuesday, July 28, 2026 (3:20pm)
January 2026
|
▶ (7/28 15:25)
◀ 7/28 15:20 ▶

Option Volume

Detail
ℹ
Current (07/28 3:20pm) 1,373,754
Calls: 516,162 (38%)
Puts: 857,592 (62%)
Prior (07/27) 1,528,263
Calls: 464,974 (30%)
Puts: 1,063,289 (70%)
Current vs Prior -10.11%
Calls: +11.01% (Calls)
Puts: -19.35% (Puts)
Prior 7-Day Total 9,771,792
Calls: 3,462,073 (35%)
Puts: 6,309,719 (65%)
Prior 7-Day Average 1,395,970
Calls: 494,581 (35%)
Puts: 901,388 (65%)
Current vs Prior 7-Day Avg -1.59%
Calls: +4.36%
Puts: -4.86%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (07/28 3:20pm) $109.31M
Calls: $50.05M (46%)
Puts: $59.26M (54%)
Prior (07/27) $163.95M
Calls: $36.67M (22%)
Puts: $127.29M (78%)
Current vs Prior -33.33%
Calls: +36.51%
Puts: -53.45%
Prior 7-Day Total $874.55M
Calls: $300.81M (34%)
Puts: $573.75M (66%)
Prior 7-Day Average $124.94M
Calls: $42.97M (34%)
Puts: $81.96M (66%)
Current vs Prior 7-Day Avg -12.51%
Calls: +16.48%
Puts: -27.70%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (07/28 3:20pm) 1.66
Prior (07/27) 2.29
Current vs Prior -27.34%
Prior 7-Day Average 1.82
Current vs Prior 7-Day Avg -8.82%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (07/28 3:20pm) 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 0.41% | 1.48%1.48% | 2.10%2.10% | 3.05%4.43% | 6.36%
Prior 1.06% | 1.59%0.37% | 1.59%2.12% | 3.08%4.58% | 6.48%
Current vs Prior -61.33% | -7.37%+300.54% | +31.78%-0.74% | -0.76%-3.37% | -1.89%
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 -63.17% | -4.68%+293.81% | +52.32%+68.23% | +9.48%-4.73% | -2.95%
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 -61.33% | -7.37%+300.54% | +31.78%-0.74% | -0.76%-3.37% | -1.89%
Sentiment BULLISHBEARISHBULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 4.51% | 0.93%
Calls: 5.41% | 0.98%
Puts: 3.61% | 0.88%
Prior 3.21% | 2.69%
Calls: 3.28% | 3.44%
Puts: 3.15% | 1.95%
Current vs Prior +40.50% | -65.43%
Prior 7-Day Avg 5.78% | 3.88%
Calls: 4.97% | 4.64%
Puts: 6.58% | 3.12%
Current vs 7-Day Avg -21.90% | -76.03%
Liquidity Excellent
+
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🤖 AI Insights

Extreme bearish P/C ratio of 1.66 - heavy put buying. P/C ratio dropping 27% - sentiment shifting bullish. 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
15:20BEARISHBEARISHBEARISH
15:15BEARISHBEARISHBEARISH
15:05BEARISHBEARISHBEARISH
15:00BEARISHBEARISHBEARISH
14:55BEARISHBEARISHBEARISH
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12:00BULLISHBEARISHBEARISH
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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 992 of results (avg 2.7%, best 0.5%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$235.00Jul 3158.2158.49$58.350.5%--1.0020
$235.00Aug 2158.8659.15$59.010.5%--1.00551
$295.00Jul 311.971.98$1.980.5%8.4K0.416.4K
$240.00Jul 3153.2153.50$53.360.5%--1.0058
$240.00Aug 2153.9154.21$54.060.6%21.002.8K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$290.00Jul 311.641.65$1.650.6%11.8K0.3381.5K
$293.00Aug 215.815.85$5.830.7%4300.484.3K
$296.00Aug 217.137.18$7.150.7%380.561.9K
$296.00Jul 314.184.21$4.200.7%510.651.6K
$293.00Jul 312.672.69$2.680.7%2.0K0.484.3K

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 310 found (avg $0.42, cheapest $0.06)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$324.00Aug 210.050.06$0.0616.7%--0.01201
$301.00Jul 290.060.07$0.0714.3%2130.044.0K
$305.00Jul 310.060.07$0.0714.3%1600.032.4K
$317.50Aug 140.060.07$0.0714.3%--0.02504
$311.00Aug 70.070.08$0.0812.5%--0.02331
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$280.00Jul 290.050.06$0.0616.7%1.7K0.023.3K
$274.00Jul 300.050.06$0.0616.7%110.023.0K
$268.00Jul 310.050.06$0.0616.7%480.011.2K
$269.00Jul 310.050.06$0.0616.7%1960.012.8K
$281.00Jul 290.060.07$0.0714.3%6630.03313

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 426 found (avg delta 0.79, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$260.00Jul 2833.1133.37$33.240.8%401.00--
$261.00Jul 2832.1132.37$32.240.8%551.00--
$262.00Jul 2831.1131.36$31.240.8%401.00--
$263.00Jul 2830.1130.36$30.240.8%361.00--
$264.00Jul 2829.1129.36$29.240.9%531.001
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$314.00Jul 2820.6320.89$20.761.3%611.00--
$315.00Jul 2821.6321.89$21.761.2%621.00--
$316.00Jul 2822.6322.89$22.761.1%601.00--
$317.00Jul 2823.6323.89$23.761.1%681.00--
$318.00Jul 2824.6324.89$24.761.1%931.00--

Most actively traded options today. High liquidity = easy entry/exit. 1,084 active (total vol 1.4M, top 116.9K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$294.00Jul 280.030.04$0.0425.0%116.9K0.113.1K
$293.00Jul 280.360.38$0.375.4%109.3K0.632.2K
$292.00Jul 281.161.26$1.218.3%54.5K0.95840
$295.00Jul 280.000.01$0.01100.0%45.0K0.023.6K
$291.00Jul 282.152.28$2.225.9%19.1K0.96580
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$293.00Jul 280.150.17$0.1612.5%108.8K0.373.3K
$292.00Jul 280.010.02$0.0250.0%94.5K0.052.1K
$291.00Jul 280.010.02$0.0250.0%93.5K0.032.0K
$290.00Jul 280.000.01$0.01100.0%65.5K0.014.2K
$285.00Jul 310.680.70$0.692.9%39.8K0.1588.5K

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 488.2%, max 1684.9%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$321.00Jul 28Sep 4304.3%17.0%1684.9%514
$320.00Jul 28Sep 4294.8%17.1%1624.4%643
$317.00Jul 28Sep 4265.9%17.3%1434.0%638
$316.00Jul 28Sep 4256.1%17.4%1370.5%332
$260.00Jul 28Aug 28397.7%29.0%1272.6%5510
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$320.00Jul 28Aug 21294.8%16.8%1651.2%8855
$250.00Jul 28Aug 28515.5%32.4%1493.2%1177
$260.00Jul 28Sep 4397.7%28.2%1312.0%628
$266.00Jul 28Sep 4328.0%26.4%1140.0%10127
$267.00Jul 28Sep 4316.4%26.2%1108.2%7350

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 510 found (best R:R 177.57, avg 3.96)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$320.00$325.00Aug 28$0.12$4.88$0.1240.67$320.12
$321.00$324.00Sep 4$0.13$2.87$0.1322.08$321.13
$307.00$310.00Aug 10$0.16$2.84$0.1617.75$307.16
$305.00$307.50Aug 6$0.14$2.36$0.1416.86$305.14
$315.00$320.00Aug 28$0.29$4.71$0.2916.24$315.29
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$265.00$240.00Aug 6$0.14$24.86$0.14177.57$264.86
$245.00$240.00Sep 4$0.10$4.90$0.1049.00$244.90
$269.00$260.00Aug 10$0.20$8.80$0.2044.00$268.80
$251.00$245.00Sep 4$0.16$5.84$0.1636.50$250.84
$260.00$255.00Aug 21$0.14$4.86$0.1434.71$259.86

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 669 found (best R:R 80.25, avg 2.01)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$250.00$276.00Aug 4$25.68$25.68$0.3280.25$275.68
$250.00$260.00Aug 14$9.83$9.83$0.1757.82$259.83
$250.00$255.00Aug 21$4.89$4.89$0.1144.45$254.89
$255.00$260.00Aug 21$4.85$4.85$0.1532.33$259.85
$245.00$260.00Aug 28$14.52$14.52$0.4830.25$259.52
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$320.00$311.00Aug 21$8.85$8.85$0.1559.00$311.15
$302.00$301.00Jul 31$0.90$0.90$0.109.00$301.10
$300.00$299.00Jul 29$0.89$0.89$0.118.09$299.11
$310.00$309.00Aug 21$0.89$0.89$0.118.09$309.11
$299.00$298.00Jul 29$0.88$0.88$0.127.33$298.12

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 88 found (avg debit $0.45, cheapest $0.06)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$301.00Jul 28Jul 29$0.06100.0%27.6%
$307.50Aug 4Aug 6$0.0617.1%16.9%
$321.00Jul 28Aug 21$0.08304.3%16.8%
$250.00Jul 31Aug 4$0.0963.9%45.2%
$300.00Jul 28Jul 29$0.1088.6%27.2%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$281.00Jul 28Jul 29$0.06154.8%41.4%
$282.00Jul 28Jul 29$0.08143.1%40.4%
$302.00Jul 29Jul 31$0.0927.4%22.1%
$277.50Jul 30Jul 31$0.0939.4%36.3%
$283.00Jul 28Jul 29$0.11131.4%39.5%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 407 found (cheapest 0.18% of stock, avg 4.97%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$293.00Jul 28$0.37$0.16$0.53$292.47$293.530.18%
$294.00Jul 28$0.04$0.83$0.87$293.13$294.870.30%
$292.00Jul 28$1.21$0.02$1.23$290.77$293.230.42%
$295.00Jul 28$0.01$1.81$1.82$293.18$296.820.62%
$291.00Jul 28$2.22$0.02$2.24$288.76$293.240.76%
$296.00Jul 28$0.01$2.80$2.81$293.19$298.810.96%
$290.00Jul 28$3.22$0.01$3.23$286.77$293.231.10%
$297.00Jul 28$0.01$3.80$3.81$293.19$300.811.30%
$294.00Jul 29$1.53$2.28$3.81$290.19$297.811.30%
$293.00Jul 29$2.05$1.81$3.86$289.14$296.861.32%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 351 found (cheapest 0.07% of stock, avg 2.26%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$294.00$293.00Jul 28$0.04$0.16$0.20$292.80$294.20
$298.00$289.00Jul 29$0.31$0.63$0.94$288.06$298.94
$297.00$289.00Jul 29$0.49$0.63$1.12$287.88$298.12
$298.00$290.00Jul 29$0.31$0.83$1.14$288.86$299.14
$297.00$290.00Jul 29$0.49$0.83$1.32$288.68$298.32
$296.00$289.00Jul 29$0.75$0.63$1.38$287.62$297.38
$298.00$291.00Jul 29$0.31$1.09$1.40$289.60$299.40
$296.00$290.00Jul 29$0.75$0.83$1.58$288.42$297.58
$297.00$291.00Jul 29$0.49$1.09$1.58$289.42$298.58
$298.00$289.00Jul 30$0.55$1.06$1.61$287.39$299.61

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 476 found (best R:R 16.86, avg credit $1.13)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
250/255260/270Aug 28$9.44$0.5616.86$245.56$269.44
276/277278/280Aug 14$1.84$0.1611.50$275.16$279.84
270/271272/275Aug 28$2.73$0.2710.11$268.27$274.73
284/285286/288Aug 3$1.36$0.149.71$283.64$287.36
271/272275/277Aug 28$1.81$0.199.53$270.19$276.81
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
283/284286/288Aug 3$1.35$0.159.00$282.65$287.35
282/283287/288Aug 5$0.90$0.109.00$282.10$287.90
284/285288/289Aug 6$0.90$0.109.00$284.10$288.90

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 108 found (best R:R 82.33, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$320.00$325.00$330.00Aug 28$0.07$4.9370.43
$250.00$260.00$270.00Aug 14$0.23$9.7742.48
$315.00$320.00$325.00Aug 28$0.17$4.8328.41
$286.00$288.00$290.00Aug 11$0.09$1.9121.22
$289.00$290.00$291.00Jul 30$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$0.08$4.9261.50
$260.00$265.00$270.00Aug 28$0.13$4.8737.46
$304.00$305.00$306.00Jul 28$0.05$0.9519.00
$301.00$302.00$303.00Jul 31$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. 422 found (best net $--, 404 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$270.00$282.001:2Aug 5-$0.96$11.04
$310.00$317.001:2Aug 5$0.00$7.00
$281.00$288.001:2Aug 4-$1.12$5.88
$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
$261.00$240.001:2Jul 30$0.00$21.00
$260.00$240.001:2Jul 29-$0.01$19.99
$260.00$250.001:2Jul 28-$0.01$9.99
$260.00$250.001:2Aug 10-$0.01$9.99
$269.00$260.001:2Aug 10-$0.01$8.99

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 211 found (best yield 2.68%, avg 0.65%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$294.00Sep 4$7.870.490.3%2.68%2.96%1115
$295.00Sep 4$7.300.480.6%2.49%3.10%2611
$294.00Aug 28$7.010.490.3%2.39%2.66%32124
$296.00Sep 4$6.760.460.9%2.31%3.26%511
$295.00Aug 28$6.450.470.6%2.20%2.81%8582
$294.00Aug 21$6.120.490.3%2.09%2.36%1561.2K
$297.50Sep 4$5.980.431.5%2.04%3.51%11
$296.00Aug 28$5.900.450.9%2.01%2.97%32177
$298.00Sep 4$5.730.421.6%1.95%3.59%9172
$295.00Aug 21$5.560.470.6%1.90%2.51%1.6K27.6K

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 516,162
Total Puts 857,592
Put/Call Ratio 1.66
Net Difference -341,430

Prior's Put/Call Breakdown

Total Calls 464,974
Total Puts 1,063,289
Put/Call Ratio 2.29
Net Difference -598,315

Prior 7-Day Put/Call Summary

Total Calls 3,462,073
Total Puts 6,309,719
Average Put/Call Ratio 1.82
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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