IWM - Options Database

IWM

iShares Russell 2000 ETF

$286.22 +0.75%

(9/21 15:40) ◀

Monday, September 21, 2026 (3:45pm)

▶ (9/21 15:50)

◀ 9/21 15:45 ▶

Option Volume

Detail

ℹ

Current (09/21 3:45pm) 1,108,335

Calls: 511,792 (46%)

Puts: 596,543 (54%)

Prior (09/18) 1,333,118

Calls: 407,928 (31%)

Puts: 925,190 (69%)

Current vs Prior -16.86%

Calls: +25.46% (Calls)

Puts: -35.52% (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 -32.65%

Calls: -10.28%

Puts: -44.52%

Sentiment BEARISH

Dollar Volume

Detail

ℹ

Current (09/21 3:45pm) $97.76M

Calls: $43.10M (44%)

Puts: $54.66M (56%)

Prior (09/18) $145.77M

Calls: $31.18M (21%)

Puts: $114.59M (79%)

Current vs Prior -32.94%

Calls: +38.21%

Puts: -52.30%

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 -78.94%

Calls: -83.21%

Puts: -73.66%

Sentiment BEARISH

Put/Call Ratio

Detail

ℹ

Current (09/21 3:45pm) 1.17

Prior (09/18) 2.27

Current vs Prior -48.61%

Prior 7-Day Average 1.98

Current vs Prior 7-Day Avg -41.27%

Sentiment BEARISH

Open Interest

Detail

ℹ

Current (09/21 3:45pm) 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 0.38% | 0.86%0.38% | 1.11%1.55% | 2.44%0.38% | 3.71%

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

Current vs Prior -58.29% | -26.45%-0.74% | +22.82%+307.21% | +38.65%-0.74% | -4.26%

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 -66.97% | -43.60%-52.09% | -24.64%+19.98% | -0.28%-54.38% | -17.74%

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 -58.29% | -26.45%-0.74% | +22.82%+307.21% | +38.65%-0.74% | -4.26%

Sentiment BULLISHBULLISHBEARISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 2.99% | 0.82%

Calls: 3.45% | 0.92%

Puts: 2.53% | 0.73%

Prior 3.39% | 4.14%

Calls: 2.75% | 3.29%

Puts: 4.03% | 5.00%

Current vs Prior -11.80% | -80.19%

Prior 7-Day Avg 5.08% | 3.92%

Calls: 4.43% | 3.66%

Puts: 5.73% | 4.19%

Current vs 7-Day Avg -41.17% | -79.10%

Liquidity Excellent

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🤖 AI Insights

Slightly bearish P/C ratio of 1.17. P/C ratio dropping 49% - 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
15:45	BEARISH	BEARISH	BEARISH
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 1,024 of results (avg 2.8%, best 0.5%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$299.00	Oct 30	2.03	2.04	$2.04	0.5%	47	0.23	39
$230.00	Sep 22	56.09	56.42	$56.26	0.6%	--	1.00	30
$275.00	Oct 16	13.57	13.66	$13.62	0.7%	30	0.80	846
$230.00	Oct 16	56.80	57.18	$56.99	0.7%	--	0.99	15
$286.00	Sep 23	1.47	1.48	$1.48	0.7%	3.4K	0.53	856

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$325.00	Sep 21	38.61	38.85	$38.73	0.6%	44	1.00	--
$324.00	Sep 21	37.61	37.85	$37.73	0.6%	44	1.00	--
$282.00	Oct 16	3.13	3.15	$3.14	0.6%	922	0.36	21.1K
$323.00	Sep 21	36.61	36.85	$36.73	0.7%	49	1.00	--
$322.00	Sep 21	35.61	35.85	$35.73	0.7%	49	1.00	--

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 390 found (avg $0.36, cheapest $0.08)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$286.00	Sep 21	0.28	0.29	$0.29	3.4%	132.0K	0.71	2.6K
$290.00	Sep 22	0.09	0.10	$0.10	10.0%	2.3K	0.08	3.4K
$289.00	Sep 22	0.18	0.19	$0.19	5.3%	9.1K	0.14	5.6K
$288.00	Sep 22	0.34	0.35	$0.35	2.9%	7.5K	0.24	6.5K
$293.00	Sep 23	0.05	0.06	$0.06	16.7%	378	0.04	515

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$286.00	Sep 21	0.07	0.08	$0.08	12.5%	68.9K	0.29	914
$287.00	Sep 21	0.78	0.80	$0.79	2.5%	5.9K	0.91	1.1K
$282.50	Sep 22	0.10	0.11	$0.11	9.1%	593	0.08	947
$283.00	Sep 22	0.13	0.14	$0.14	7.1%	1.9K	0.11	562
$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
$260.00	Sep 21	26.15	26.39	$26.27	0.9%	51	1.00	1
$261.00	Sep 21	25.15	25.39	$25.27	0.9%	51	1.00	--
$262.00	Sep 21	24.15	24.39	$24.27	1.0%	71	1.00	--
$263.00	Sep 21	23.15	23.39	$23.27	1.0%	71	1.00	--
$264.00	Sep 21	22.15	22.38	$22.27	1.0%	53	1.00	--

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$292.00	Sep 22	5.70	5.90	$5.80	3.4%	77	1.00	--
$293.00	Sep 22	6.70	6.93	$6.82	3.4%	5	1.00	--
$294.00	Sep 22	7.71	7.85	$7.78	1.8%	166	1.00	21
$295.00	Sep 22	8.71	8.92	$8.82	2.4%	1	1.00	--
$296.00	Sep 22	9.71	9.85	$9.78	1.4%	12	1.00	--

Most actively traded options today. High liquidity = easy entry/exit. 1,182 active (total vol 1.1M, top 132.0K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$286.00	Sep 21	0.28	0.29	$0.29	3.4%	132.0K	0.71	2.6K
$287.00	Sep 21	0.02	0.03	$0.03	33.3%	69.8K	0.09	2.3K
$285.00	Sep 21	1.21	1.23	$1.22	1.6%	33.2K	0.94	3.5K
$293.00	Sep 25	0.22	0.23	$0.23	4.3%	23.1K	0.10	21.5K
$288.00	Sep 21	0.00	0.01	$0.01	100.0%	13.5K	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%	98.9K	0.05	2.6K
$286.00	Sep 21	0.07	0.08	$0.08	12.5%	68.9K	0.29	914
$272.00	Oct 16	1.22	1.25	$1.23	2.4%	60.2K	0.16	31.9K
$270.00	Oct 16	1.03	1.04	$1.04	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. 2 strikes (avg 16.2%, max 16.2%)

CALLS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$286.00	Sep 21	Oct 30	18.7%	16.1%	16.2%	132.1K	2.7K

PUTS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$286.00	Sep 21	Oct 30	18.7%	16.1%	16.2%	68.9K	1.0K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 369 found (best R:R 40.67, avg 3.52)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$293.00	$294.00	Sep 29	$0.11	$0.89	$0.11	14%	8.09	$293.11
$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
$291.00	$292.00	Sep 25	$0.13	$0.87	$0.13	17%	6.69	$291.13

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
$287.00	$286.00	Oct 30	$0.43	$0.57	$0.43	51%	1.33	$286.57
$282.00	$281.00	Oct 23	$0.29	$0.71	$0.29	37%	2.45	$281.71
$285.00	$284.00	Oct 30	$0.38	$0.62	$0.38	46%	1.63	$284.62
$289.00	$287.00	Oct 5	$1.09	$0.91	$1.09	62%	0.83	$287.91

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 264 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	$0.85	$0.85	$6.15	78%	0.14	$293.85
$288.00	$289.00	Oct 23	$0.51	$0.51	$0.49	54%	1.04	$288.51
$287.00	$288.00	Oct 16	$0.53	$0.53	$0.47	51%	1.13	$287.53
$290.00	$291.00	Oct 30	$0.47	$0.47	$0.53	58%	0.89	$290.47
$289.00	$290.00	Oct 30	$0.49	$0.49	$0.51	55%	0.96	$289.49

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$284.00	$283.00	Sep 22	$0.12	$0.12	$0.88	82%	0.14	$283.88
$285.00	$284.00	Sep 22	$0.21	$0.21	$0.79	70%	0.27	$284.79
$286.00	$285.00	Sep 22	$0.36	$0.36	$0.64	54%	0.56	$285.64
$285.00	$284.00	Sep 23	$0.27	$0.27	$0.73	65%	0.37	$284.73
$284.00	$283.00	Sep 23	$0.18	$0.18	$0.82	74%	0.22	$283.82

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $2.13, cheapest $2.33)

CALLS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$287.50	Sep 25	Oct 9	$2.33	16.5%	17.2%

PUTS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$287.50	Sep 25	Oct 9	$1.94	16.5%	17.2%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 469 found (cheapest 0.13% of stock, avg 4.18%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$286.00	Sep 21	$0.29	$0.08	$0.37	$285.63	$286.37	0.13%
$287.00	Sep 21	$0.03	$0.79	$0.82	$286.18	$287.82	0.29%
$285.00	Sep 21	$1.22	$0.02	$1.24	$283.76	$286.24	0.43%
$288.00	Sep 21	$0.01	$1.77	$1.78	$286.22	$289.78	0.62%
$286.00	Sep 22	$1.09	$0.83	$1.92	$284.08	$287.92	0.67%
$287.00	Sep 22	$0.63	$1.37	$2.00	$285.00	$289.00	0.70%
$285.00	Sep 22	$1.73	$0.47	$2.20	$282.80	$287.20	0.77%
$284.00	Sep 21	$2.23	$0.01	$2.24	$281.76	$286.24	0.78%
$288.00	Sep 22	$0.35	$2.08	$2.43	$285.57	$290.43	0.85%
$286.00	Sep 23	$1.48	$1.18	$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 0.04% 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	$0.08	$0.11	$285.89	$287.11
$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	$0.19	$0.11	$0.30	$282.20	$289.30
$289.00	$283.00	Sep 22	$0.19	$0.14	$0.33	$282.67	$289.33
$290.00	$284.00	Sep 22	$0.10	$0.26	$0.36	$283.64	$290.36
$291.00	$282.50	Sep 23	$0.15	$0.28	$0.43	$282.07	$291.43
$289.00	$284.00	Sep 22	$0.19	$0.26	$0.45	$283.55	$289.45
$290.00	$282.50	Sep 23	$0.24	$0.28	$0.52	$281.98	$290.52
$291.00	$283.00	Sep 23	$0.15	$0.35	$0.50	$282.50	$291.50

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 323 found (best R:R 0.82, 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	$0.45	$0.55	52%	0.82	$266.55	$294.45
268/269	294/295	Oct 30	$0.47	$0.53	50%	0.89	$268.53	$294.47
272/273	292/293	Oct 16	$0.47	$0.53	50%	0.89	$272.53	$292.47
272/273	293/294	Oct 16	$0.44	$0.56	52%	0.79	$272.56	$293.44
271/272	294/295	Oct 30	$0.50	$0.50	46%	1.00	$271.50	$294.50
269/270	293/294	Oct 23	$0.45	$0.55	51%	0.82	$269.55	$293.45
273/274	292/293	Oct 16	$0.48	$0.52	48%	0.92	$273.52	$292.48
273/274	293/294	Oct 16	$0.45	$0.55	51%	0.82	$273.55	$293.45
272/273	295/296	Oct 16	$0.38	$0.62	58%	0.61	$272.62	$295.38
272/273	294/295	Oct 30	$0.51	$0.49	45%	1.04	$272.49	$294.51

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 173 found (best R:R 3.17, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$286.00	$287.00	$288.00	Sep 21	$0.24	$0.76	67%	3.17
$284.00	$285.00	$286.00	Sep 21	$0.08	$0.92	29%	11.50
$265.00	$270.00	$275.00	Sep 30	$0.10	$4.90	6%	49.00
$285.00	$286.00	$287.00	Sep 21	$0.67	$0.33	85%	0.49
$288.00	$289.00	$290.00	Sep 22	$0.07	$0.93	16%	13.29

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$286.00	$287.00	$288.00	Sep 21	$0.27	$0.73	67%	2.70
$250.00	$260.00	$270.00	Oct 5	$0.17	$9.83	6%	57.82
$285.00	$286.00	$287.00	Sep 21	$0.65	$0.35	86%	0.54
$283.00	$284.00	$285.00	Sep 22	$0.09	$0.91	20%	10.11
$288.00	$289.00	$290.00	Sep 22	$0.07	$0.93	16%	13.29

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 521 found (best net $-6.41, 512 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$240.00	$261.00	1:2	Oct 23	-$6.41	$14.59
$250.00	$265.00	1:2	Sep 24	-$6.36	$8.64
$284.00	$285.00	1:2	Sep 21	-$0.21	$0.79
$286.00	$287.00	1:2	Sep 22	-$0.17	$0.83
$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	-$1.81	$3.19
$300.00	$295.00	1:2	Sep 23	-$3.86	$1.14
$287.00	$286.00	1:2	Sep 22	-$0.29	$0.71
$286.00	$285.00	1:2	Sep 22	-$0.11	$0.89
$289.00	$288.00	1:2	Sep 21	-$0.78	$0.22

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 201 found (best yield 2.34%, avg 0.52%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$287.00	Oct 30	$6.69	0.49	0.3%	2.34%	2.61%	30	117
$287.50	Oct 30	$6.44	0.48	0.5%	2.25%	2.70%	27	135
$288.00	Oct 30	$6.17	0.47	0.6%	2.16%	2.78%	111	153
$289.00	Oct 30	$5.65	0.45	1.0%	1.97%	2.95%	33	156
$290.00	Oct 30	$5.17	0.42	1.3%	1.81%	3.13%	117	236
$291.00	Oct 30	$4.70	0.40	1.7%	1.64%	3.31%	70	140
$292.00	Oct 30	$4.27	0.38	2.0%	1.49%	3.51%	283	169
$292.50	Oct 30	$4.07	0.37	2.2%	1.42%	3.62%	21	44
$293.00	Oct 30	$3.87	0.35	2.4%	1.35%	3.72%	6	180
$287.00	Oct 23	$5.80	0.48	0.3%	2.03%	2.30%	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 511,792

Total Puts 596,543

Put/Call Ratio 1.17

Net Difference -84,751

Prior's Put/Call Breakdown

Total Calls 407,928

Total Puts 925,190

Put/Call Ratio 2.27

Net Difference -517,262

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 - 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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📈 Options Analysis

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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