Tour v452
IWM
iShares Russell 2000 ETF
$293.37 +0.16%
(7/28 15:20) ◀
|
Tuesday, July 28, 2026 (3:25pm)
January 2026
|
▶ (7/28 15:30)
◀ 7/28 15:25 ▶

Option Volume

Detail
ℹ
Current (07/28 3:25pm) 1,382,733
Calls: 519,934 (38%)
Puts: 862,799 (62%)
Prior (07/27) 1,536,381
Calls: 468,017 (30%)
Puts: 1,068,364 (70%)
Current vs Prior -10.00%
Calls: +11.09% (Calls)
Puts: -19.24% (Puts)
Prior 7-Day Total 9,857,969
Calls: 3,497,957 (35%)
Puts: 6,360,012 (65%)
Prior 7-Day Average 1,408,281
Calls: 499,708 (35%)
Puts: 908,573 (65%)
Current vs Prior 7-Day Avg -1.81%
Calls: +4.05%
Puts: -5.04%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (07/28 3:25pm) $111.16M
Calls: $53.94M (49%)
Puts: $57.22M (51%)
Prior (07/27) $161.94M
Calls: $39.30M (24%)
Puts: $122.64M (76%)
Current vs Prior -31.36%
Calls: +37.23%
Puts: -53.35%
Prior 7-Day Total $879.61M
Calls: $305.19M (35%)
Puts: $574.42M (65%)
Prior 7-Day Average $125.66M
Calls: $43.60M (35%)
Puts: $82.06M (65%)
Current vs Prior 7-Day Avg -11.54%
Calls: +23.72%
Puts: -30.27%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (07/28 3:25pm) 1.66
Prior (07/27) 2.28
Current vs Prior -27.31%
Prior 7-Day Average 1.82
Current vs Prior 7-Day Avg -8.80%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (07/28 3:25pm) 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 0.40% | 1.47%1.47% | 2.09%2.09% | 3.04%4.42% | 6.35%
Prior 1.06% | 1.59%0.37% | 1.59%2.12% | 3.08%4.58% | 6.48%
Current vs Prior -62.64% | -7.64%+299.38% | +31.27%-1.12% | -1.15%-3.51% | -2.00%
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 -64.42% | -4.95%+292.67% | +51.74%+67.58% | +9.05%-4.86% | -3.06%
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 -62.64% | -7.64%+299.38% | +31.27%-1.12% | -1.15%-3.51% | -2.00%
Sentiment BULLISHBEARISHBULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 5.37% | 0.93%
Calls: 6.38% | 0.94%
Puts: 4.35% | 0.91%
Prior 3.21% | 2.69%
Calls: 3.28% | 3.44%
Puts: 3.15% | 1.95%
Current vs Prior +67.29% | -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 -7.01% | -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
15:25BEARISHBEARISHBEARISH
15:20BEARISHBEARISHBEARISH
15:15BEARISHBEARISHBEARISH
15:05BEARISHBEARISHBEARISH
15:00BEARISHBEARISHBEARISH
14:55BEARISHBEARISHBEARISH
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13:05BULLISHBEARISHBEARISH
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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 1,007 of results (avg 2.8%, best 0.3%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$300.00Aug 213.233.24$3.240.3%5.6K0.3434.7K
$240.00Jul 2953.2953.56$53.430.5%11.001
$240.00Aug 353.4053.69$53.550.5%11.00--
$235.00Jul 3158.3158.68$58.500.6%--1.0020
$235.00Aug 2158.9659.34$59.150.6%--1.00551
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$296.00Aug 217.047.08$7.060.6%380.561.9K
$293.00Jul 291.721.73$1.730.6%5.1K0.46715
$295.00Jul 292.732.75$2.740.7%2210.63651
$295.00Aug 216.566.61$6.590.8%1.2K0.5340.7K
$325.00Jul 2831.4931.75$31.620.8%321.00--

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 315 found (avg $0.42, cheapest $0.06)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$294.00Jul 280.050.06$0.0616.7%117.6K0.163.1K
$324.00Aug 210.050.06$0.0616.7%--0.01201
$301.00Jul 290.060.07$0.0714.3%2130.044.0K
$303.00Jul 300.060.07$0.0714.3%1850.03132
$305.00Jul 310.060.07$0.0714.3%1600.032.4K
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
$269.00Jul 310.050.06$0.0616.7%1960.012.8K
$281.00Jul 290.060.07$0.0714.3%6630.03313
$275.00Jul 300.060.07$0.0714.3%200.02276

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 431 found (avg delta 0.79, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$260.00Jul 2833.2433.49$33.370.7%401.00--
$261.00Jul 2832.2432.49$32.370.8%551.00--
$262.00Jul 2831.2131.50$31.360.9%401.00--
$263.00Jul 2830.2430.52$30.380.9%361.00--
$264.00Jul 2829.2029.54$29.371.2%531.001
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$303.00Jul 299.479.74$9.612.8%41.00--
$304.00Jul 2910.4710.74$10.612.5%101.00--
$314.00Jul 2820.4520.80$20.631.7%611.00--
$315.00Jul 2821.4621.80$21.631.6%621.00--
$316.00Jul 2822.4622.77$22.621.4%601.00--

Most actively traded options today. High liquidity = easy entry/exit. 1,090 active (total vol 1.4M, top 117.6K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$294.00Jul 280.050.06$0.0616.7%117.6K0.163.1K
$293.00Jul 280.450.48$0.476.4%109.9K0.732.2K
$292.00Jul 281.321.46$1.3910.1%54.6K0.96840
$295.00Jul 280.000.01$0.01100.0%45.0K0.023.6K
$291.00Jul 282.322.45$2.385.5%19.1K1.00580
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$293.00Jul 280.100.11$0.119.1%110.8K0.283.3K
$292.00Jul 280.010.02$0.0250.0%94.8K0.052.1K
$291.00Jul 280.000.01$0.01100.0%93.7K0.012.0K
$290.00Jul 280.000.01$0.01100.0%65.5K0.014.2K
$285.00Jul 310.640.66$0.653.1%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 524.0%, max 1790.0%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$321.00Jul 28Sep 4320.7%17.0%1790.0%514
$320.00Jul 28Sep 4310.6%17.1%1721.1%643
$317.00Jul 28Sep 4280.0%17.3%1520.6%638
$316.00Jul 28Sep 4269.7%17.4%1453.6%332
$260.00Jul 28Aug 28422.9%29.0%1359.0%5510
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$320.00Jul 28Aug 21310.6%16.7%1756.1%8855
$250.00Jul 28Aug 28547.8%32.4%1591.5%1177
$260.00Jul 28Sep 4422.9%28.2%1400.4%628
$266.00Jul 28Sep 4349.1%26.5%1219.0%10127
$267.00Jul 28Sep 4336.9%26.2%1185.2%7350

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 506 found (best R:R 191.31, avg 3.99)

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
$315.00$320.00Aug 28$0.29$4.71$0.2916.24$315.29
$305.00$307.50Aug 6$0.15$2.35$0.1515.67$305.15
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$265.00$240.00Aug 6$0.13$24.87$0.13191.31$264.87
$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
$255.00$250.00Aug 28$0.13$4.87$0.1337.46$254.87
$251.00$245.00Sep 4$0.16$5.84$0.1636.50$250.84

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 669 found (best R:R 85.67, avg 2.12)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$250.00$276.00Aug 4$25.70$25.70$0.3085.67$275.70
$250.00$260.00Aug 14$9.84$9.84$0.1661.50$259.84
$250.00$255.00Aug 21$4.90$4.90$0.1049.00$254.90
$264.00$280.00Aug 3$15.66$15.66$0.3446.06$279.66
$245.00$260.00Aug 28$14.56$14.56$0.4433.09$259.56
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$320.00$311.00Aug 21$8.85$8.85$0.1559.00$311.15
$306.00$305.00Aug 7$0.90$0.90$0.109.00$305.10
$302.00$301.00Jul 31$0.89$0.89$0.118.09$301.11
$310.00$309.00Aug 21$0.89$0.89$0.118.09$309.11
$299.00$298.00Jul 29$0.87$0.87$0.136.69$298.13

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 89 found (avg debit $0.44, cheapest $0.05)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$264.00Jul 28Jul 29$0.05373.7%67.8%
$301.00Jul 28Jul 29$0.06104.1%27.1%
$307.50Aug 4Aug 6$0.0616.9%16.8%
$240.00Jul 29Jul 31$0.07122.6%71.6%
$265.00Jul 28Jul 29$0.08361.4%65.6%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$281.00Jul 28Jul 29$0.06165.7%41.9%
$282.00Jul 28Jul 29$0.08153.4%40.9%
$300.00Jul 28Jul 29$0.0892.0%27.2%
$302.00Jul 29Jul 31$0.0828.1%22.1%
$277.50Jul 30Jul 31$0.0839.4%36.2%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 410 found (cheapest 0.20% of stock, avg 5.03%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$293.00Jul 28$0.47$0.11$0.58$292.42$293.580.20%
$294.00Jul 28$0.06$0.69$0.75$293.25$294.750.26%
$292.00Jul 28$1.39$0.02$1.41$290.59$293.410.48%
$295.00Jul 28$0.01$1.64$1.65$293.35$296.650.56%
$291.00Jul 28$2.38$0.01$2.39$288.61$293.390.81%
$296.00Jul 28$0.01$2.63$2.64$293.36$298.640.90%
$290.00Jul 28$3.39$0.01$3.40$286.60$293.401.16%
$297.00Jul 28$0.01$3.63$3.64$293.36$300.641.24%
$294.00Jul 29$1.60$2.19$3.79$290.21$297.791.29%
$293.00Jul 29$2.13$1.73$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 0.06% of stock, avg 2.25%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$294.00$293.00Jul 28$0.06$0.11$0.17$292.83$294.17
$298.00$289.00Jul 29$0.33$0.59$0.92$288.08$298.92
$297.00$289.00Jul 29$0.52$0.59$1.11$287.89$298.11
$298.00$290.00Jul 29$0.33$0.78$1.11$288.89$299.11
$297.00$290.00Jul 29$0.52$0.78$1.30$288.70$298.30
$298.00$291.00Jul 29$0.33$1.02$1.35$289.65$299.35
$296.00$289.00Jul 29$0.80$0.59$1.39$287.61$297.39
$297.00$291.00Jul 29$0.52$1.02$1.54$289.46$298.54
$296.00$290.00Jul 29$0.80$0.78$1.58$288.42$297.58
$298.00$289.00Jul 30$0.59$1.00$1.59$287.41$299.59

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 457 found (best R:R 15.39, avg credit $1.14)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
250/255260/270Aug 28$9.39$0.6115.39$245.61$269.39
272/274280/282Aug 10$1.85$0.1512.33$272.15$281.85
270/271272/275Aug 28$2.76$0.2411.50$268.24$274.76
273/274275/277Aug 28$1.84$0.1611.50$272.16$276.84
276/277278/280Aug 14$1.83$0.1710.76$275.17$279.83
272/273275/277Aug 28$1.83$0.1710.76$271.17$276.83
284/285286/288Aug 3$1.36$0.149.71$283.64$287.36
270/271275/277Aug 28$1.81$0.199.53$269.19$276.81
276/277278/280Aug 28$1.81$0.199.53$275.19$279.81
285/286289/290Aug 5$0.90$0.109.00$285.10$289.90

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
$320.00$325.00$330.00Aug 28$0.07$4.9370.43
$250.00$260.00$270.00Aug 14$0.22$9.7844.45
$315.00$320.00$325.00Aug 28$0.17$4.8328.41
$288.00$289.00$290.00Jul 29$0.05$0.9519.00
$291.00$292.00$293.00Jul 30$0.05$0.9519.00
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$250.00$255.00$260.00Aug 21$0.05$4.9599.00
$250.00$255.00$260.00Aug 28$0.07$4.9370.43
$255.00$260.00$265.00Aug 28$0.07$4.9370.43
$260.00$265.00$270.00Aug 28$0.13$4.8737.46
$297.00$298.00$299.00Jul 30$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. 429 found (best net $--, 410 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$240.00$264.001:2Jul 29-$5.41$18.59
$240.00$264.001:2Aug 3-$5.69$18.31
$270.00$282.001:2Aug 5-$1.08$10.92
$310.00$317.001:2Aug 5$0.00$7.00
$281.00$288.001:2Aug 4-$1.22$5.78
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
$255.00$245.001:2Aug 5$0.00$10.00
$260.00$250.001:2Jul 28-$0.01$9.99
$260.00$250.001:2Aug 10-$0.02$9.98

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 212 found (best yield 2.70%, avg 0.66%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$294.00Sep 4$7.930.500.2%2.70%2.92%1115
$295.00Sep 4$7.380.480.6%2.52%3.07%2611
$294.00Aug 28$7.090.490.2%2.42%2.63%32124
$296.00Sep 4$6.820.460.9%2.32%3.22%511
$295.00Aug 28$6.520.480.6%2.22%2.78%8582
$294.00Aug 21$6.200.490.2%2.11%2.33%1561.2K
$297.50Sep 4$6.040.431.4%2.06%3.47%11
$296.00Aug 28$5.970.450.9%2.03%2.93%32177
$298.00Sep 4$5.790.421.6%1.97%3.55%9172
$295.00Aug 21$5.630.470.6%1.92%2.47%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 519,934
Total Puts 862,799
Put/Call Ratio 1.66
Net Difference -342,865

Prior's Put/Call Breakdown

Total Calls 468,017
Total Puts 1,068,364
Put/Call Ratio 2.28
Net Difference -600,347

Prior 7-Day Put/Call Summary

Total Calls 3,497,957
Total Puts 6,360,012
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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