IWM - Options Database

IWM

iShares Russell 2000 ETF

$286.33 +0.78%

(9/21 15:35) ◀

Monday, September 21, 2026 (3:40pm)

▶ (9/21 15:45)

◀ 9/21 15:40 ▶

Option Volume

Detail

ℹ

Current (09/21 3:40pm) 1,098,460

Calls: 506,192 (46%)

Puts: 592,268 (54%)

Prior (09/18) 1,313,757

Calls: 404,369 (31%)

Puts: 909,388 (69%)

Current vs Prior -16.39%

Calls: +25.18% (Calls)

Puts: -34.87% (Puts)

Prior 7-Day Total 11,520,249

Calls: 3,993,124 (35%)

Puts: 7,527,125 (65%)

Prior 7-Day Average 1,645,749

Calls: 570,446 (35%)

Puts: 1,075,303 (65%)

Current vs Prior 7-Day Avg -33.25%

Calls: -11.26%

Puts: -44.92%

Sentiment BEARISH

Dollar Volume

Detail

ℹ

Current (09/21 3:40pm) $98.89M

Calls: $45.41M (46%)

Puts: $53.48M (54%)

Prior (09/18) $145.83M

Calls: $30.28M (21%)

Puts: $115.55M (79%)

Current vs Prior -32.19%

Calls: +49.95%

Puts: -53.72%

Prior 7-Day Total $3.25B

Calls: $1.80B (55%)

Puts: $1.45B (45%)

Prior 7-Day Average $464.23M

Calls: $256.75M (55%)

Puts: $207.48M (45%)

Current vs Prior 7-Day Avg -78.70%

Calls: -82.31%

Puts: -74.22%

Sentiment BEARISH

Put/Call Ratio

Detail

ℹ

Current (09/21 3:40pm) 1.17

Prior (09/18) 2.25

Current vs Prior -47.97%

Prior 7-Day Average 1.98

Current vs Prior 7-Day Avg -41.05%

Sentiment BEARISH

Open Interest

Detail

ℹ

Current (09/21 3:40pm) 2,698,063

Calls: 785,384 (29%)

Puts: 1,912,679 (71%)

Prior (09/18) 4,638,713

Calls: 1,320,059 (28%)

Puts: 3,318,654 (72%)

Current vs Prior -41.84%

Prior 7-Day Total 32,526,112

Calls: 9,338,542 (29%)

Puts: 23,187,570 (71%)

Prior 7-Day Average 4,646,587

Calls: 1,334,077 (29%)

Puts: 3,312,510 (71%)

Current vs Prior 7-Day Avg -41.93%

Sentiment BULLISH

Expected Move

Detail

ℹ

0DTE3DTEWKMO Expiry (09/21) | Next (09/22)Expiry (09/21) | Next (09/23)Expiry (09/25) | Next (10/02)Expiry (09/21) | Next (10/16)

Current 0.39% | 0.86%0.39% | 1.10%1.55% | 2.43%0.39% | 3.71%

Prior 0.90% | 1.17%0.38% | 0.90%0.38% | 1.76%0.38% | 3.87%

Current vs Prior -57.15% | -26.78%+2.00% | +22.00%+308.89% | +38.60%+2.00% | -4.21%

Prior 7-Day Avg 1.14% | 1.52%0.79% | 1.47%1.29% | 2.44%0.83% | 4.51%

Current vs 7-Day Avg -66.07% | -43.85%-50.77% | -25.14%+20.48% | -0.32%-53.13% | -17.70%

Prior 7-Day Eod 0.90% | 1.17%0.38% | 0.90%0.38% | 1.76%0.38% | 3.87%

Current vs 7-Day Eod -57.15% | -26.78%+2.00% | +22.00%+308.89% | +38.60%+2.00% | -4.21%

Sentiment BULLISHBEARISHBEARISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 5.47% | 1.64%

Calls: 2.50% | 1.74%

Puts: 8.45% | 1.54%

Prior 3.39% | 4.14%

Calls: 2.75% | 3.29%

Puts: 4.03% | 5.00%

Current vs Prior +61.36% | -60.39%

Prior 7-Day Avg 5.08% | 3.92%

Calls: 4.43% | 3.66%

Puts: 5.73% | 4.19%

Current vs 7-Day Avg +7.62% | -58.19%

Liquidity Good

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🤖 AI Insights

Slightly bearish P/C ratio of 1.17. P/C ratio dropping 48% - sentiment shifting bullish. Put-heavy open interest (1,912,679 puts vs 785,384 calls) suggests hedging or bearish positioning. Declining open interest (down 42%) indicates positions being closed.

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 BULLISH

Current NEUTRAL

Prior BEARISH

7-Day Avg NEUTRAL

Current NEUTRAL

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)

Time	Smart Money	Retail	Overall
15:40	BEARISH	BEARISH	BEARISH
15:35	BEARISH	BEARISH	BEARISH

📈 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

🎯

Tightest Spreads

💰

Best Value <$1

📊

High Delta

⚖️

Ratio Spreads

🛡️

Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 1,022 of results (avg 2.9%, best 0.4%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$230.00	Sep 22	56.21	56.46	$56.34	0.4%	--	1.00	30
$294.00	Oct 16	2.12	2.13	$2.13	0.5%	1.9K	0.28	2.8K
$240.00	Sep 22	46.21	46.48	$46.35	0.6%	5	1.00	1
$275.00	Oct 16	13.66	13.75	$13.71	0.7%	30	0.80	846
$230.00	Oct 16	56.90	57.28	$57.09	0.7%	--	1.00	15

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$325.00	Sep 21	38.60	38.82	$38.71	0.6%	44	1.00	--
$324.00	Sep 21	37.60	37.82	$37.71	0.6%	44	1.00	--
$323.00	Sep 21	36.60	36.82	$36.71	0.6%	49	1.00	--
$287.00	Sep 23	1.63	1.64	$1.63	0.6%	893	0.58	382
$322.00	Sep 21	35.60	35.82	$35.71	0.6%	49	1.00	--

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 387 found (avg $0.36, cheapest $0.06)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$286.00	Sep 21	0.39	0.40	$0.40	2.5%	131.5K	0.78	2.6K
$290.00	Sep 22	0.09	0.10	$0.10	10.0%	1.9K	0.08	3.4K
$291.00	Sep 22	0.05	0.06	$0.06	16.7%	1.8K	0.05	399
$289.00	Sep 22	0.19	0.20	$0.20	5.0%	9.0K	0.15	5.6K
$288.00	Sep 22	0.36	0.37	$0.37	2.7%	7.4K	0.25	6.5K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$286.00	Sep 21	0.05	0.06	$0.06	16.7%	67.2K	0.22	914
$287.00	Sep 21	0.68	0.74	$0.71	8.5%	5.8K	0.90	1.1K
$283.00	Sep 22	0.13	0.14	$0.14	7.1%	1.8K	0.10	562
$282.50	Sep 22	0.10	0.11	$0.11	9.1%	592	0.08	947
$282.00	Sep 22	0.08	0.09	$0.09	11.1%	2.7K	0.07	1.4K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 516 found (avg delta 0.83, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$230.00	Oct 16	56.90	57.28	$57.09	0.7%	--	1.00	15
$235.00	Oct 16	51.94	52.32	$52.13	0.7%	--	1.00	84
$240.00	Oct 16	46.99	47.37	$47.18	0.8%	1	1.00	87
$245.00	Oct 16	42.05	42.43	$42.24	0.9%	--	1.00	53
$240.00	Oct 23	47.24	47.64	$47.44	0.8%	--	1.00	14

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$289.00	Sep 21	2.60	2.80	$2.70	7.4%	304	1.00	2
$290.00	Sep 21	3.61	3.81	$3.71	5.4%	361	1.00	274
$291.00	Sep 21	4.62	4.82	$4.72	4.2%	25	1.00	16
$292.00	Sep 21	5.62	5.82	$5.72	3.5%	98	1.00	4
$293.00	Sep 21	6.61	6.82	$6.72	3.1%	302	1.00	6

Most actively traded options today. High liquidity = easy entry/exit. 1,179 active (total vol 1.1M, top 131.5K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$286.00	Sep 21	0.39	0.40	$0.40	2.5%	131.5K	0.78	2.6K
$287.00	Sep 21	0.02	0.03	$0.03	33.3%	68.6K	0.10	2.3K
$285.00	Sep 21	1.30	1.40	$1.35	7.4%	32.7K	0.95	3.5K
$293.00	Sep 25	0.23	0.24	$0.24	4.2%	23.1K	0.10	21.5K
$288.00	Sep 21	0.01	0.02	$0.02	50.0%	13.4K	0.04	2.2K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$285.00	Sep 21	0.01	0.02	$0.02	50.0%	98.6K	0.05	2.6K
$286.00	Sep 21	0.05	0.06	$0.06	16.7%	67.2K	0.22	914
$272.00	Oct 16	1.21	1.23	$1.22	1.6%	60.2K	0.15	31.9K
$270.00	Oct 16	1.02	1.03	$1.02	1.0%	59.5K	0.13	87.2K
$284.00	Sep 21	0.00	0.01	$0.01	100.0%	26.2K	0.01	1.4K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 4 strikes (avg 10.3%, max 16.3%)

CALLS (2)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$286.00	Sep 21	Oct 30	18.8%	16.1%	16.3%	131.6K	2.7K
$287.50	Sep 25	Oct 30	16.5%	15.8%	4.3%	1.3K	877

PUTS (2)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$286.00	Sep 21	Oct 30	18.8%	16.1%	16.3%	67.2K	1.0K
$287.50	Sep 25	Oct 30	16.5%	15.8%	4.3%	62	1.0K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 373 found (best R:R 40.67, avg 3.61)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$294.00	$295.00	Sep 30	$0.10	$0.90	$0.10	14%	9.00	$294.10
$290.00	$291.00	Sep 24	$0.14	$0.86	$0.14	20%	6.14	$290.14
$315.00	$320.00	Oct 30	$0.12	$4.88	$0.12	4%	40.67	$315.12
$294.00	$295.00	Oct 1	$0.12	$0.88	$0.12	15%	7.33	$294.12
$305.00	$306.00	Oct 30	$0.11	$0.89	$0.11	13%	8.09	$305.11

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$250.00	$245.00	Oct 30	$0.12	$4.88	$0.12	5%	40.67	$249.88
$289.00	$287.00	Oct 5	$1.06	$0.94	$1.06	61%	0.89	$287.94
$282.00	$281.00	Oct 30	$0.30	$0.70	$0.30	38%	2.33	$281.70
$286.00	$285.00	Oct 30	$0.40	$0.60	$0.40	48%	1.50	$285.60
$285.00	$284.00	Oct 23	$0.37	$0.63	$0.37	45%	1.70	$284.63

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 269 found (best R:R 0.14, avg 0.40)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$293.00	$300.00	Oct 5	$0.86	$0.86	$6.14	77%	0.14	$293.86
$287.00	$288.00	Oct 16	$0.53	$0.53	$0.47	52%	1.13	$287.53
$288.00	$289.00	Oct 30	$0.52	$0.52	$0.48	53%	1.08	$288.52
$289.00	$290.00	Oct 23	$0.48	$0.48	$0.52	56%	0.92	$289.48
$290.00	$291.00	Oct 23	$0.45	$0.45	$0.55	59%	0.82	$290.45

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$285.00	$284.00	Sep 22	$0.20	$0.20	$0.80	71%	0.25	$284.80
$284.00	$283.00	Sep 22	$0.11	$0.11	$0.89	82%	0.12	$283.89
$286.00	$285.00	Sep 22	$0.33	$0.33	$0.67	56%	0.49	$285.67
$282.00	$281.00	Sep 24	$0.12	$0.12	$0.88	83%	0.14	$281.88
$285.00	$284.00	Sep 23	$0.26	$0.26	$0.74	66%	0.35	$284.74

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $2.15, cheapest $1.96)

CALLS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$287.50	Sep 25	Oct 9	$2.34	16.5%	17.2%

PUTS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$287.50	Sep 25	Oct 9	$1.96	16.5%	17.2%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 469 found (cheapest 0.16% of stock, avg 4.19%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$286.00	Sep 21	$0.40	$0.06	$0.46	$285.54	$286.46	0.16%
$287.00	Sep 21	$0.03	$0.71	$0.74	$286.26	$287.74	0.26%
$285.00	Sep 21	$1.35	$0.02	$1.37	$283.63	$286.37	0.48%
$288.00	Sep 21	$0.02	$1.69	$1.71	$286.29	$289.71	0.60%
$286.00	Sep 22	$1.15	$0.78	$1.93	$284.07	$287.93	0.67%
$287.00	Sep 22	$0.67	$1.30	$1.97	$285.03	$288.97	0.69%
$285.00	Sep 22	$1.81	$0.45	$2.26	$282.74	$287.26	0.79%
$284.00	Sep 21	$2.35	$0.01	$2.36	$281.64	$286.36	0.82%
$288.00	Sep 22	$0.37	$2.01	$2.38	$285.62	$290.38	0.83%
$286.00	Sep 23	$1.53	$1.13	$2.66	$283.34	$288.66	0.93%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 346 found (cheapest 0.03% of stock, avg 1.59%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$287.00	$286.00	Sep 21	$0.03	$0.06	$0.09	$285.91	$287.09
$290.00	$282.50	Sep 22	$0.10	$0.11	$0.21	$282.29	$290.21
$290.00	$283.00	Sep 22	$0.10	$0.14	$0.24	$282.76	$290.24
$289.00	$282.50	Sep 22	$0.20	$0.11	$0.31	$282.19	$289.31
$289.00	$283.00	Sep 22	$0.20	$0.14	$0.34	$282.66	$289.34
$290.00	$284.00	Sep 22	$0.10	$0.25	$0.35	$283.65	$290.35
$291.00	$282.50	Sep 23	$0.16	$0.27	$0.43	$282.07	$291.43
$289.00	$284.00	Sep 22	$0.20	$0.25	$0.45	$283.55	$289.45
$290.00	$282.50	Sep 23	$0.25	$0.27	$0.52	$281.98	$290.52
$291.00	$283.00	Sep 23	$0.16	$0.34	$0.50	$282.50	$291.50

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 331 found (best R:R 0.85, avg credit $0.43)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
266/267	294/295	Oct 30	$0.46	$0.54	52%	0.85	$266.54	$294.46
267/268	294/295	Oct 30	$0.47	$0.53	51%	0.89	$267.53	$294.47
270/271	294/295	Oct 30	$0.50	$0.50	48%	1.00	$270.50	$294.50
269/270	293/294	Oct 23	$0.46	$0.54	51%	0.85	$269.54	$293.46
270/271	292/293	Oct 16	$0.45	$0.55	52%	0.82	$270.55	$292.45
268/269	294/295	Oct 30	$0.47	$0.53	50%	0.89	$268.53	$294.47
272/273	294/295	Oct 30	$0.52	$0.48	45%	1.08	$272.48	$294.52
269/270	294/295	Oct 30	$0.48	$0.52	49%	0.92	$269.52	$294.48
270/271	294/295	Oct 16	$0.39	$0.61	58%	0.64	$270.61	$294.39
269/270	294/295	Oct 23	$0.43	$0.57	54%	0.75	$269.57	$294.43

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 169 found (best R:R 2.03, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$286.00	$287.00	$288.00	Sep 21	$0.36	$0.64	74%	1.78
$265.00	$270.00	$275.00	Sep 30	$0.07	$4.93	6%	70.43
$285.00	$286.00	$287.00	Sep 21	$0.58	$0.42	85%	0.72
$283.00	$284.00	$285.00	Sep 23	$0.06	$0.94	17%	15.67
$288.00	$289.00	$290.00	Sep 22	$0.07	$0.93	17%	13.29

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$286.00	$287.00	$288.00	Sep 21	$0.33	$0.67	74%	2.03
$250.00	$260.00	$270.00	Oct 5	$0.16	$9.84	6%	61.50
$285.00	$286.00	$287.00	Sep 21	$0.61	$0.39	86%	0.64
$287.00	$288.00	$289.00	Sep 22	$0.11	$0.89	24%	8.09
$284.00	$285.00	$286.00	Sep 22	$0.13	$0.87	27%	6.69

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 519 found (best net $-6.52, 510 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$240.00	$261.00	1:2	Oct 23	-$6.52	$14.48
$250.00	$265.00	1:2	Sep 24	-$6.51	$8.49
$284.00	$285.00	1:2	Sep 21	-$0.35	$0.65
$286.00	$287.00	1:2	Sep 22	-$0.19	$0.81
$287.00	$288.00	1:2	Sep 22	-$0.07	$0.93

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$298.00	$293.00	1:2	Sep 24	-$1.76	$3.24
$300.00	$295.00	1:2	Sep 23	-$3.71	$1.29
$289.00	$288.00	1:2	Sep 21	-$0.68	$0.32
$287.00	$286.00	1:2	Sep 22	-$0.26	$0.74
$286.00	$285.00	1:2	Sep 22	-$0.12	$0.88

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 201 found (best yield 2.36%, avg 0.52%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$287.00	Oct 30	$6.76	0.49	0.2%	2.36%	2.59%	30	117
$287.50	Oct 30	$6.49	0.48	0.4%	2.27%	2.68%	27	135
$288.00	Oct 30	$6.22	0.47	0.6%	2.17%	2.76%	101	153
$289.00	Oct 30	$5.70	0.45	0.9%	1.99%	2.92%	33	156
$290.00	Oct 30	$5.21	0.43	1.3%	1.82%	3.10%	117	236
$291.00	Oct 30	$4.75	0.40	1.6%	1.66%	3.29%	70	140
$292.00	Oct 30	$4.31	0.38	2.0%	1.51%	3.49%	283	169
$292.50	Oct 30	$4.10	0.37	2.1%	1.43%	3.59%	21	44
$293.00	Oct 30	$3.91	0.36	2.3%	1.37%	3.70%	6	180
$287.00	Oct 23	$5.83	0.49	0.2%	2.04%	2.27%	78	117

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 506,192

Total Puts 592,268

Put/Call Ratio 1.17

Net Difference -86,076

Prior's Put/Call Breakdown

Total Calls 404,369

Total Puts 909,388

Put/Call Ratio 2.25

Net Difference -505,019

Prior 7-Day Put/Call Summary

Total Calls 3,993,124

Total Puts 7,527,125

Average Put/Call Ratio 1.98

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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Option Volume

Dollar Volume

Put/Call Ratio

Open Interest

Expected Move

Relative Spread

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Current 5-Minute Volume Snapshots

Prior's 5-Minute Volume Snapshots

Current Put/Call Breakdown

Prior's Put/Call Breakdown

Prior 7-Day Put/Call Summary

Daily Put/Call History (Last 7 Days)

Upcoming Earnings - 2 Weeks Prior

Upcoming Earnings - 1 Week Prior

Earnings This Week

Earnings - Day Before / Day After

Options Activity Around Earnings

Chart Title

Price — Past 7 Days

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