IWM - Options Database

IWM

iShares Russell 2000 ETF

$285.96 +0.65%

(9/21 15:45) ◀

Monday, September 21, 2026 (3:50pm)

▶ (9/21 15:55)

◀ 9/21 15:50 ▶

Option Volume

Detail

ℹ

Current (09/21 3:50pm) 1,121,446

Calls: 518,901 (46%)

Puts: 602,545 (54%)

Prior (09/18) 1,362,934

Calls: 421,853 (31%)

Puts: 941,081 (69%)

Current vs Prior -17.72%

Calls: +23.01% (Calls)

Puts: -35.97% (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 -31.86%

Calls: -9.04%

Puts: -43.97%

Sentiment BEARISH

Dollar Volume

Detail

ℹ

Current (09/21 3:50pm) $95.17M

Calls: $37.97M (40%)

Puts: $57.20M (60%)

Prior (09/18) $147.20M

Calls: $36.88M (25%)

Puts: $110.32M (75%)

Current vs Prior -35.35%

Calls: +2.96%

Puts: -48.15%

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 -79.50%

Calls: -85.21%

Puts: -72.43%

Sentiment BEARISH

Put/Call Ratio

Detail

ℹ

Current (09/21 3:50pm) 1.16

Prior (09/18) 2.23

Current vs Prior -47.95%

Prior 7-Day Average 1.98

Current vs Prior 7-Day Avg -41.49%

Sentiment BEARISH

Open Interest

Detail

ℹ

Current (09/21 3:50pm) 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 0.30% | 0.88%0.30% | 1.12%1.57% | 2.46%0.30% | 3.75%

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

Current vs Prior -66.75% | -24.59%-20.89% | +24.09%+314.00% | +40.17%-20.89% | -3.27%

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 -73.67% | -42.17%-61.82% | -23.86%+21.98% | +0.81%-63.64% | -16.89%

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 -66.75% | -24.59%-20.89% | +24.09%+314.00% | +40.17%-20.89% | -3.27%

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

Moderately bearish flow with 60% put dollar volume ($57.20M). Slightly bearish P/C ratio of 1.16. 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.

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
15:50	BEARISH	BEARISH	BEARISH
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 875 of results (avg 4.2%, best 0.6%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$275.00	Oct 16	13.34	13.47	$13.41	1.0%	30	0.80	846
$273.00	Oct 30	16.42	16.58	$16.50	1.0%	1	0.78	6
$272.00	Oct 30	17.25	17.42	$17.34	1.0%	3	0.79	13
$276.00	Oct 16	12.50	12.63	$12.57	1.0%	68	0.78	66
$274.00	Oct 30	15.59	15.76	$15.68	1.1%	17	0.76	38

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$275.00	Oct 16	1.65	1.66	$1.65	0.6%	21.4K	0.20	94.2K
$289.00	Oct 30	7.39	7.46	$7.43	0.9%	226	0.56	291
$270.00	Oct 16	1.05	1.06	$1.06	0.9%	59.6K	0.13	87.2K
$290.00	Oct 30	7.91	7.99	$7.95	1.0%	12	0.58	1.0K
$288.00	Oct 30	6.89	6.96	$6.93	1.0%	36	0.53	140

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 385 found (avg $0.36, cheapest $0.08)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$290.00	Sep 22	0.07	0.08	$0.08	12.5%	2.4K	0.07	3.4K
$289.00	Sep 22	0.15	0.16	$0.16	6.3%	9.2K	0.13	5.6K
$288.00	Sep 22	0.28	0.30	$0.29	6.9%	7.6K	0.21	6.5K
$287.00	Sep 22	0.53	0.56	$0.55	5.5%	10.8K	0.35	551
$291.00	Sep 23	0.12	0.14	$0.13	15.4%	1.5K	0.08	286

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$282.00	Sep 22	0.08	0.09	$0.09	11.1%	2.8K	0.07	1.4K
$281.00	Sep 22	0.05	0.06	$0.06	16.7%	738	0.04	695
$282.50	Sep 22	0.12	0.13	$0.13	7.7%	594	0.09	947
$283.00	Sep 22	0.16	0.17	$0.17	5.9%	1.9K	0.12	562
$284.00	Sep 22	0.29	0.30	$0.30	3.3%	3.7K	0.20	707

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
$240.00	Oct 23	46.19	47.87	$47.03	3.6%	--	1.00	14
$230.00	Sep 22	55.29	56.86	$56.08	2.8%	--	1.00	30
$240.00	Sep 22	45.30	46.78	$46.04	3.2%	5	1.00	1
$250.00	Sep 22	35.27	36.80	$36.03	4.2%	2	1.00	2
$260.00	Sep 21	25.26	26.76	$26.01	5.8%	51	1.00	1

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$288.00	Sep 21	1.25	2.74	$2.00	74.5%	600	1.00	393
$289.00	Sep 21	2.63	3.72	$3.18	34.3%	304	1.00	2
$290.00	Sep 21	3.24	4.73	$3.99	37.3%	368	1.00	274
$291.00	Sep 21	4.24	5.74	$4.99	30.1%	25	1.00	16
$292.00	Sep 21	5.24	6.73	$5.99	24.9%	98	1.00	4

Most actively traded options today. High liquidity = easy entry/exit. 1,183 active (total vol 1.1M, top 132.8K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$286.00	Sep 21	0.12	0.15	$0.14	21.4%	132.8K	0.54	2.6K
$287.00	Sep 21	0.01	0.02	$0.02	50.0%	71.5K	0.06	2.3K
$285.00	Sep 21	0.33	1.09	$0.71	107.0%	33.3K	0.94	3.5K
$293.00	Sep 25	0.20	0.22	$0.21	9.5%	23.1K	0.09	21.5K
$288.00	Sep 21	0.00	0.01	$0.01	100.0%	13.5K	0.01	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%	99.5K	0.06	2.6K
$286.00	Sep 21	0.13	0.17	$0.15	26.7%	71.3K	0.47	914
$272.00	Oct 16	1.24	1.27	$1.25	2.4%	60.2K	0.16	31.9K
$270.00	Oct 16	1.05	1.06	$1.06	0.9%	59.6K	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 9.2%, max 9.2%)

CALLS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$286.00	Sep 21	Oct 30	17.6%	16.1%	9.2%	132.9K	2.7K

PUTS (1)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$286.00	Sep 21	Oct 30	17.6%	16.1%	9.2%	71.4K	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 1.63, avg 3.56)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$277.50	$278.00	Sep 22	$0.19	$0.31	$0.19	98%	1.63	$277.69
$277.50	$278.00	Sep 23	$0.23	$0.27	$0.23	97%	1.17	$277.73
$272.50	$273.00	Sep 23	$0.25	$0.25	$0.25	99%	1.00	$272.75
$285.00	$286.00	Sep 21	$0.57	$0.43	$0.57	94%	0.75	$285.57
$282.00	$282.50	Sep 21	$0.30	$0.20	$0.30	99%	0.67	$282.30

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$297.50	$297.00	Sep 25	$0.29	$0.21	$0.29	96%	0.72	$297.21
$250.00	$245.00	Oct 30	$0.12	$4.88	$0.12	5%	40.67	$249.88
$285.00	$284.00	Oct 23	$0.37	$0.63	$0.37	46%	1.70	$284.63
$287.00	$286.00	Oct 23	$0.44	$0.56	$0.44	52%	1.27	$286.56
$286.00	$285.00	Oct 30	$0.41	$0.59	$0.41	49%	1.44	$285.59

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 265 found (best R:R 0.13, avg 0.41)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$293.00	$300.00	Oct 5	$0.80	$0.80	$6.20	78%	0.13	$293.80
$286.00	$287.00	Oct 30	$0.58	$0.58	$0.42	49%	1.38	$286.58
$286.00	$287.00	Oct 23	$0.56	$0.56	$0.44	49%	1.27	$286.56
$286.00	$287.00	Oct 16	$0.56	$0.56	$0.44	49%	1.27	$286.56
$288.00	$289.00	Oct 30	$0.51	$0.51	$0.49	53%	1.04	$288.51

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$285.00	$284.00	Sep 22	$0.25	$0.25	$0.75	67%	0.33	$284.75
$284.00	$283.00	Sep 22	$0.13	$0.13	$0.87	80%	0.15	$283.87
$285.00	$284.00	Sep 23	$0.30	$0.30	$0.70	62%	0.43	$284.70
$282.00	$281.00	Sep 25	$0.16	$0.16	$0.84	78%	0.19	$281.84
$284.00	$283.00	Sep 23	$0.19	$0.19	$0.81	73%	0.23	$283.81

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 4 found (avg debit $1.46, cheapest $0.80)

CALLS (2)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$286.00	Sep 21	Sep 22	$0.82	17.6%	15.7%
$287.50	Sep 25	Oct 9	$2.30	16.5%	17.1%

PUTS (2)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$286.00	Sep 21	Sep 22	$0.80	17.6%	15.6%
$287.50	Sep 25	Oct 9	$1.92	16.5%	17.1%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 469 found (cheapest 0.10% of stock, avg 4.17%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$286.00	Sep 21	$0.14	$0.15	$0.29	$285.71	$286.29	0.10%
$285.00	Sep 21	$0.71	$0.02	$0.73	$284.27	$285.73	0.26%
$287.00	Sep 21	$0.02	$1.05	$1.07	$285.93	$288.07	0.37%
$286.00	Sep 22	$0.96	$0.95	$1.91	$284.09	$287.91	0.67%
$288.00	Sep 21	$0.01	$2.00	$2.01	$285.99	$290.01	0.70%
$284.00	Sep 21	$2.05	$0.01	$2.06	$281.94	$286.06	0.72%
$287.00	Sep 22	$0.55	$1.53	$2.08	$284.92	$289.08	0.73%
$285.00	Sep 22	$1.57	$0.55	$2.12	$282.88	$287.12	0.74%
$288.00	Sep 22	$0.29	$2.28	$2.57	$285.43	$290.57	0.90%
$284.00	Sep 22	$2.31	$0.30	$2.61	$281.39	$286.61	0.91%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 347 found (cheapest 0.01% of stock, avg 1.58%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$287.00	$285.00	Sep 21	$0.02	$0.02	$0.04	$284.96	$287.04
$290.00	$282.50	Sep 22	$0.08	$0.13	$0.21	$282.29	$290.21
$290.00	$283.00	Sep 22	$0.08	$0.17	$0.25	$282.75	$290.25
$287.00	$286.00	Sep 21	$0.02	$0.15	$0.17	$285.83	$287.17
$289.00	$282.50	Sep 22	$0.16	$0.13	$0.29	$282.21	$289.29
$289.00	$283.00	Sep 22	$0.16	$0.17	$0.33	$282.67	$289.33
$290.00	$284.00	Sep 22	$0.08	$0.30	$0.38	$283.62	$290.38
$291.00	$282.50	Sep 23	$0.13	$0.31	$0.44	$282.06	$291.44
$288.00	$282.50	Sep 22	$0.29	$0.13	$0.42	$282.08	$288.42
$289.00	$284.00	Sep 22	$0.16	$0.30	$0.46	$283.54	$289.46

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 299 found (best R:R 0.92, avg credit $0.42)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
266/267	293/294	Oct 30	$0.48	$0.52	50%	0.92	$266.52	$293.48
267/268	293/294	Oct 30	$0.49	$0.51	49%	0.96	$267.51	$293.49
272/273	293/294	Oct 30	$0.55	$0.45	43%	1.22	$272.45	$293.55
269/270	293/294	Oct 30	$0.51	$0.49	47%	1.04	$269.49	$293.51
270/271	293/294	Oct 30	$0.52	$0.48	46%	1.08	$270.48	$293.52
272/273	292/293	Oct 16	$0.47	$0.53	50%	0.89	$272.53	$292.47
268/269	293/294	Oct 30	$0.49	$0.51	48%	0.96	$268.51	$293.49
272/273	293/294	Oct 16	$0.44	$0.56	53%	0.79	$272.56	$293.44
274/275	293/294	Oct 30	$0.57	$0.43	40%	1.33	$274.43	$293.57
268/269	293/294	Oct 23	$0.44	$0.56	53%	0.79	$268.56	$293.44

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 196 found (best R:R 1.22, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$285.00	$286.00	$287.00	Sep 21	$0.45	$0.55	89%	1.22
$286.00	$287.00	$288.00	Sep 21	$0.11	$0.89	52%	8.09
$284.00	$285.00	$286.00	Sep 22	$0.13	$0.87	29%	6.69
$285.00	$286.00	$287.00	Sep 23	$0.11	$0.89	24%	8.09
$286.00	$287.00	$288.00	Sep 22	$0.15	$0.85	30%	5.67

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$250.00	$260.00	$270.00	Oct 5	$0.16	$9.84	6%	61.50
$284.00	$285.00	$286.00	Sep 21	$0.12	$0.88	45%	7.33
$285.00	$286.00	$287.00	Sep 21	$0.77	$0.23	90%	0.30
$285.00	$286.00	$287.00	Sep 25	$0.07	$0.93	16%	13.29
$287.00	$288.00	$289.00	Sep 23	$0.09	$0.91	20%	10.11

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 510 found (best net $-6.23, 500 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$240.00	$261.00	1:2	Oct 23	-$6.23	$14.77
$250.00	$265.00	1:2	Sep 24	-$6.39	$8.61
$286.00	$287.00	1:2	Sep 22	-$0.14	$0.86
$285.00	$286.00	1:2	Sep 22	-$0.35	$0.65
$315.00	$320.00	1:2	Oct 30	-$0.03	$4.97

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$298.00	$293.00	1:2	Sep 24	-$2.15	$2.85
$300.00	$295.00	1:2	Sep 23	-$3.99	$1.01
$288.00	$287.00	1:2	Sep 21	-$0.10	$0.90
$286.00	$285.00	1:2	Sep 22	-$0.15	$0.85
$287.00	$286.00	1:2	Sep 22	-$0.37	$0.63

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 215 found (best yield 2.49%, avg 0.54%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$286.00	Oct 30	$7.11	0.51	0.0%	2.49%	2.50%	78	103
$287.00	Oct 30	$6.53	0.48	0.4%	2.28%	2.65%	30	117
$287.50	Oct 30	$6.30	0.48	0.5%	2.20%	2.74%	27	135
$288.00	Oct 30	$6.03	0.47	0.7%	2.11%	2.82%	111	153
$289.00	Oct 30	$5.52	0.44	1.1%	1.93%	2.99%	33	156
$290.00	Oct 30	$5.04	0.42	1.4%	1.76%	3.18%	117	236
$291.00	Oct 30	$4.59	0.40	1.8%	1.61%	3.37%	70	140
$292.00	Oct 30	$4.16	0.37	2.1%	1.45%	3.57%	283	169
$292.50	Oct 30	$3.96	0.36	2.3%	1.38%	3.67%	21	44
$286.00	Oct 23	$6.18	0.51	0.0%	2.16%	2.18%	66	185

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 518,901

Total Puts 602,545

Put/Call Ratio 1.16

Net Difference -83,644

Prior's Put/Call Breakdown

Total Calls 421,853

Total Puts 941,081

Put/Call Ratio 2.23

Net Difference -519,228

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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📈 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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