IWM - Options Database

IWM

iShares Russell 2000 ETF

$284.74 -0.86%

(9/23 09:35) ◀

Wednesday, September 23, 2026 (9:40am)

▶ (9/23 09:45)

◀ 9/23 09:40 ▶

Option Volume

Detail

ℹ

Current (09/23 9:40am) 104,205

Calls: 33,192 (32%)

Puts: 71,013 (68%)

Prior (09/22) 122,456

Calls: 73,658 (60%)

Puts: 48,798 (40%)

Current vs Prior -14.90%

Calls: -54.94% (Calls)

Puts: +45.52% (Puts)

Prior 7-Day Total 11,046,338

Calls: 4,344,495 (39%)

Puts: 6,701,843 (61%)

Prior 7-Day Average 1,578,048

Calls: 620,642 (39%)

Puts: 957,406 (61%)

Current vs Prior 7-Day Avg -93.40%

Calls: -94.65%

Puts: -92.58%

Sentiment BEARISH

Dollar Volume

Detail

ℹ

Current (09/23 9:40am) $8.76M

Calls: $1.83M (21%)

Puts: $6.93M (79%)

Prior (09/22) $12.26M

Calls: $7.78M (63%)

Puts: $4.48M (37%)

Current vs Prior -28.55%

Calls: -76.47%

Puts: +54.76%

Prior 7-Day Total $2.92B

Calls: $1.78B (61%)

Puts: $1.14B (39%)

Prior 7-Day Average $417.53M

Calls: $254.07M (61%)

Puts: $163.46M (39%)

Current vs Prior 7-Day Avg -97.90%

Calls: -99.28%

Puts: -95.76%

Sentiment BEARISH

Put/Call Ratio

Detail

ℹ

Current (09/23 9:40am) 2.14

Prior (09/22) 0.66

Current vs Prior +222.94%

Prior 7-Day Average 1.68

Current vs Prior 7-Day Avg +27.34%

Sentiment BEARISH

Open Interest

Detail

ℹ

Current (09/23 9:40am) 2,984,692

Calls: 967,263 (32%)

Puts: 2,017,429 (68%)

Prior (09/22) 2,813,105

Calls: 851,158 (30%)

Puts: 1,961,947 (70%)

Current vs Prior +6.10%

Prior 7-Day Total 28,513,756

Calls: 8,059,185 (28%)

Puts: 20,454,571 (72%)

Prior 7-Day Average 4,073,393

Calls: 1,151,312 (28%)

Puts: 2,922,081 (72%)

Current vs Prior 7-Day Avg -26.73%

Sentiment BULLISH

Expected Move

Detail

ℹ

0DTE3DTEWKMO Expiry (09/23) | Next (09/24)Expiry (09/23) | Next (09/25)Expiry (09/25) | Next (10/02)Expiry (10/16) | Next (11/20)

Current 0.63% | 0.96%0.63% | 1.23%1.23% | 2.22%3.55% | 6.93%

Prior 0.87% | 1.16%0.87% | 1.29%1.29% | 2.34%3.63% | 6.81%

Current vs Prior -27.08% | -17.06%-27.08% | -4.57%-4.57% | -4.99%-2.04% | +1.64%

Prior 7-Day Avg 1.03% | 1.39%0.68% | 1.40%1.42% | 2.40%0.90% | 4.60%

Current vs 7-Day Avg -38.65% | -31.03%-7.67% | -12.26%-13.06% | -7.25%+293.11% | +50.61%

Prior 7-Day Eod 0.87% | 1.16%0.87% | 1.28%1.28% | 2.33%3.60% | 6.77%

Current vs 7-Day Eod -27.08% | -17.06%-27.32% | -3.47%-3.47% | -4.50%-1.22% | +2.33%

Sentiment BULLISHBULLISHBULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 1.62% | 1.07%

Calls: 1.89% | 1.30%

Puts: 1.35% | 0.84%

Prior 2.80% | 3.54%

Calls: 2.73% | 2.60%

Puts: 2.88% | 4.49%

Current vs Prior -42.14% | -69.77%

Prior 7-Day Avg 5.48% | 3.56%

Calls: 5.02% | 3.01%

Puts: 5.94% | 4.11%

Current vs 7-Day Avg -70.45% | -69.91%

Liquidity Good

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🤖 AI Insights

Strong bearish conviction with 79% of dollar volume in puts ($6.93M) vs calls ($1.83M). Extreme bearish P/C ratio of 2.14 - heavy put buying. P/C ratio rising 223% - increased hedging/bearish positioning. Put-heavy open interest (2,017,429 puts vs 967,263 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 BULLISH

7-Day Avg BULLISH

Current BEARISH

Prior BULLISH

7-Day Avg NEUTRAL

Current BEARISH

Prior BULLISH

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
09:40	BEARISH	BEARISH	BEARISH
09:35	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 857 of results (avg 3.1%, best 0.6%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$245.00	Sep 25	39.68	39.92	$39.80	0.6%	--	1.00	20
$275.00	Oct 30	13.59	13.68	$13.64	0.7%	--	0.73	111
$272.00	Oct 30	16.02	16.13	$16.08	0.7%	--	0.78	13
$274.00	Oct 16	12.91	13.00	$12.96	0.7%	--	0.80	211
$230.00	Oct 16	55.23	55.63	$55.43	0.7%	--	1.00	15

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$285.00	Sep 24	1.19	1.20	$1.19	0.8%	1.4K	0.54	1.5K
$289.00	Oct 30	7.88	7.95	$7.92	0.9%	--	0.59	210
$287.00	Oct 16	5.49	5.54	$5.52	0.9%	12	0.56	4.7K
$296.00	Oct 16	11.72	11.83	$11.78	0.9%	--	0.82	739
$286.00	Oct 30	6.35	6.41	$6.38	0.9%	--	0.52	233

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 346 found (avg $0.37, cheapest $0.06)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$287.00	Sep 23	0.06	0.07	$0.07	14.3%	5.2K	0.09	2.3K
$286.00	Sep 23	0.17	0.18	$0.18	5.6%	3.9K	0.20	1.6K
$285.00	Sep 23	0.47	0.49	$0.48	4.2%	3.3K	0.43	681
$290.00	Sep 24	0.05	0.06	$0.06	16.7%	524	0.04	7.1K
$289.00	Sep 24	0.09	0.10	$0.10	10.0%	94	0.07	730

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$282.00	Sep 23	0.05	0.06	$0.06	16.7%	1.3K	0.08	1.1K
$282.50	Sep 23	0.08	0.09	$0.09	11.1%	633	0.10	561
$283.00	Sep 23	0.12	0.13	$0.13	7.7%	3.7K	0.15	978
$284.00	Sep 23	0.31	0.32	$0.32	3.1%	7.9K	0.32	2.1K
$285.00	Sep 23	0.73	0.74	$0.74	1.4%	15.4K	0.57	2.9K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 405 found (avg delta 0.80, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$260.00	Sep 23	24.60	24.79	$24.70	0.8%	--	1.00	10
$270.00	Sep 23	14.59	14.81	$14.70	1.5%	--	1.00	10
$272.00	Sep 23	12.62	12.79	$12.70	1.3%	--	1.00	11
$272.50	Sep 23	12.08	12.29	$12.18	1.7%	--	1.00	19
$273.00	Sep 23	11.65	11.79	$11.72	1.2%	--	1.00	33

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$295.00	Sep 25	10.20	10.43	$10.32	2.2%	--	1.00	97
$296.00	Sep 25	11.20	11.43	$11.32	2.0%	--	1.00	20
$297.50	Sep 25	12.70	12.93	$12.82	1.8%	1	1.00	1
$298.00	Sep 25	13.20	13.43	$13.32	1.7%	--	1.00	10
$303.00	Oct 2	18.12	18.43	$18.27	1.7%	--	1.00	100

Most actively traded options today. High liquidity = easy entry/exit. 484 active (total vol 104.2K, top 15.4K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$287.00	Sep 23	0.06	0.07	$0.07	14.3%	5.2K	0.09	2.3K
$286.00	Sep 23	0.17	0.18	$0.18	5.6%	3.9K	0.20	1.6K
$285.00	Sep 23	0.47	0.49	$0.48	4.2%	3.3K	0.43	681
$288.00	Sep 23	0.03	0.04	$0.04	25.0%	1.8K	0.04	3.8K
$288.00	Sep 25	0.41	0.42	$0.42	2.4%	1.2K	0.20	2.6K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$285.00	Sep 23	0.73	0.74	$0.74	1.4%	15.4K	0.57	2.9K
$273.00	Oct 16	1.34	1.37	$1.36	2.2%	10.7K	0.18	91.7K
$271.00	Oct 16	1.10	1.13	$1.12	2.7%	8.1K	0.15	59.6K
$284.00	Sep 23	0.31	0.32	$0.32	3.1%	7.9K	0.32	2.1K
$286.00	Sep 23	1.41	1.45	$1.43	2.8%	3.7K	0.80	2.4K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 6 strikes (avg 15.9%, max 24.2%)

CALLS (3)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$285.00	Sep 23	Oct 30	19.8%	15.9%	24.2%	3.4K	1.3K
$284.00	Sep 23	Oct 30	19.6%	16.1%	21.8%	454	2.3K
$286.00	Sep 23	Oct 30	19.2%	18.9%	1.6%	3.9K	1.8K

PUTS (3)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$285.00	Sep 23	Oct 30	19.8%	15.9%	24.2%	15.6K	3.7K
$284.00	Sep 23	Oct 30	19.6%	16.1%	21.8%	7.9K	2.4K
$286.00	Sep 23	Oct 30	19.2%	18.9%	1.7%	3.7K	2.7K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 352 found (best R:R 40.67, avg 3.48)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$293.00	$294.00	Oct 5	$0.12	$0.88	$0.12	15%	7.33	$293.12
$292.00	$292.50	Oct 9	$0.10	$0.40	$0.10	23%	4.00	$292.10
$290.00	$291.00	Oct 2	$0.20	$0.80	$0.20	24%	4.00	$290.20
$288.00	$289.00	Sep 25	$0.14	$0.86	$0.14	20%	6.14	$288.14
$294.00	$295.00	Oct 6	$0.11	$0.89	$0.11	14%	8.09	$294.11

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
$281.00	$279.00	Oct 7	$0.48	$1.52	$0.48	33%	3.17	$280.52
$282.00	$280.00	Oct 6	$0.54	$1.46	$0.54	37%	2.70	$281.46
$276.00	$270.00	Oct 6	$0.46	$5.54	$0.46	17%	12.04	$275.54
$284.00	$283.00	Oct 30	$0.39	$0.61	$0.39	47%	1.56	$283.61

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 258 found (best R:R 0.29, avg 0.39)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$285.00	$300.00	Oct 7	$3.35	$3.35	$11.65	51%	0.29	$288.35
$286.00	$287.00	Oct 30	$0.52	$0.52	$0.48	52%	1.08	$286.52
$288.00	$289.00	Oct 30	$0.47	$0.47	$0.53	57%	0.89	$288.47
$286.00	$287.00	Oct 16	$0.50	$0.50	$0.50	53%	1.00	$286.50
$286.00	$287.00	Oct 23	$0.51	$0.51	$0.49	52%	1.04	$286.51

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$279.00	$250.00	Oct 7	$1.40	$1.40	$27.60	74%	0.05	$277.60
$284.00	$283.00	Sep 23	$0.19	$0.19	$0.81	68%	0.23	$283.81
$283.00	$282.50	Sep 24	$0.11	$0.11	$0.39	73%	0.28	$282.89
$282.00	$281.00	Sep 24	$0.11	$0.11	$0.89	82%	0.12	$281.89
$282.50	$282.00	Oct 23	$0.19	$0.19	$0.31	58%	0.61	$282.31

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 4 found (avg debit $0.46, cheapest $0.44)

CALLS (2)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$284.00	Sep 23	Sep 24	$0.48	19.6%	16.1%
$285.00	Sep 23	Sep 24	$0.49	19.8%	16.5%

PUTS (2)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$284.00	Sep 23	Sep 24	$0.44	19.6%	16.1%
$285.00	Sep 23	Sep 24	$0.45	19.8%	16.5%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 388 found (cheapest 0.43% of stock, avg 3.97%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$285.00	Sep 23	$0.48	$0.74	$1.22	$283.78	$286.22	0.43%
$284.00	Sep 23	$1.06	$0.32	$1.38	$282.62	$285.38	0.48%
$286.00	Sep 23	$0.18	$1.43	$1.61	$284.39	$287.61	0.57%
$283.00	Sep 23	$1.87	$0.13	$2.00	$281.00	$285.00	0.70%
$285.00	Sep 24	$0.97	$1.19	$2.16	$282.84	$287.16	0.76%
$284.00	Sep 24	$1.54	$0.76	$2.30	$281.70	$286.30	0.81%
$286.00	Sep 24	$0.56	$1.79	$2.35	$283.65	$288.35	0.83%
$287.00	Sep 23	$0.07	$2.32	$2.39	$284.61	$289.39	0.84%
$282.50	Sep 23	$2.33	$0.09	$2.42	$280.08	$284.92	0.85%
$283.00	Sep 24	$2.26	$0.48	$2.74	$280.26	$285.74	0.96%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 341 found (cheapest 0.05% of stock, avg 1.52%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$287.00	$282.00	Sep 23	$0.07	$0.06	$0.13	$281.87	$287.13
$287.00	$282.50	Sep 23	$0.07	$0.09	$0.16	$282.34	$287.16
$287.00	$283.00	Sep 23	$0.07	$0.13	$0.20	$282.80	$287.20
$286.00	$282.00	Sep 23	$0.18	$0.06	$0.24	$281.76	$286.24
$286.00	$282.50	Sep 23	$0.18	$0.09	$0.27	$282.23	$286.27
$289.00	$281.00	Sep 24	$0.10	$0.19	$0.29	$280.71	$289.29
$286.00	$283.00	Sep 23	$0.18	$0.13	$0.31	$282.69	$286.31
$288.00	$281.00	Sep 24	$0.17	$0.19	$0.36	$280.64	$288.36
$289.00	$282.00	Sep 24	$0.10	$0.30	$0.40	$281.60	$289.40
$288.00	$282.00	Sep 24	$0.17	$0.30	$0.47	$281.53	$288.47

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 331 found (best R:R 0.85, avg credit $0.39)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
270/271	290/291	Oct 16	$0.46	$0.54	51%	0.85	$270.54	$290.46
270/271	291/292	Oct 23	$0.48	$0.52	48%	0.92	$270.52	$291.48
268/269	291/292	Oct 23	$0.45	$0.55	51%	0.82	$268.55	$291.45
270/271	291/292	Oct 16	$0.42	$0.58	54%	0.72	$270.58	$291.42
270/271	292/293	Oct 16	$0.39	$0.61	57%	0.64	$270.61	$292.39
272/273	290/291	Oct 16	$0.48	$0.52	48%	0.92	$272.52	$290.48
275/276	291/292	Oct 23	$0.56	$0.44	40%	1.27	$275.44	$291.56
269/270	291/292	Oct 23	$0.46	$0.54	50%	0.85	$269.54	$291.46
273/274	291/292	Oct 23	$0.52	$0.48	44%	1.08	$273.48	$291.52
271/272	290/291	Oct 16	$0.46	$0.54	50%	0.85	$271.54	$290.46

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 165 found (best R:R 37.46, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$265.00	$270.00	$275.00	Sep 30	$0.13	$4.87	10%	37.46
$245.00	$250.00	$255.00	Oct 16	$0.09	$4.91	6%	54.56
$283.00	$284.00	$285.00	Sep 23	$0.23	$0.77	42%	3.35
$284.00	$285.00	$286.00	Sep 23	$0.28	$0.72	48%	2.57
$286.00	$287.00	$288.00	Sep 24	$0.09	$0.91	20%	10.11

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$284.00	$285.00	$286.00	Sep 23	$0.27	$0.73	48%	2.70
$283.00	$284.00	$285.00	Sep 23	$0.23	$0.77	42%	3.35
$291.00	$293.00	$295.00	Sep 30	$0.07	$1.93	10%	27.57
$286.00	$287.00	$288.00	Sep 29	$0.06	$0.94	14%	15.67
$285.00	$286.00	$287.00	Sep 25	$0.10	$0.90	20%	9.00

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 465 found (best net $-4.88, 452 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$240.00	$261.00	1:2	Oct 23	-$4.88	$16.12
$260.00	$270.00	1:2	Sep 23	-$4.70	$5.30
$245.00	$260.00	1:2	Sep 25	-$9.84	$5.16
$279.00	$284.00	1:2	Oct 6	-$0.38	$4.62
$283.00	$284.00	1:2	Sep 23	-$0.25	$0.75

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$320.00	$305.00	1:2	Oct 16	-$5.24	$9.76
$286.00	$285.00	1:2	Sep 23	-$0.05	$0.95
$287.00	$286.00	1:2	Sep 23	-$0.54	$0.46
$285.00	$284.00	1:2	Sep 24	-$0.33	$0.67
$284.00	$283.00	1:2	Sep 24	-$0.20	$0.80

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 199 found (best yield 2.37%, avg 0.52%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$285.00	Oct 30	$6.75	0.50	0.1%	2.37%	2.46%	21	595
$286.00	Oct 30	$6.22	0.48	0.4%	2.18%	2.63%	--	146
$287.00	Oct 30	$5.69	0.46	0.8%	2.00%	2.79%	14	284
$287.50	Oct 30	$5.44	0.45	1.0%	1.91%	2.88%	4	146
$288.00	Oct 30	$5.20	0.43	1.1%	1.83%	2.97%	2	537
$289.00	Oct 30	$4.73	0.41	1.5%	1.66%	3.16%	2	158
$290.00	Oct 30	$4.30	0.39	1.9%	1.51%	3.36%	27	520
$291.00	Oct 30	$3.89	0.36	2.2%	1.37%	3.56%	14	211
$292.00	Oct 30	$3.51	0.34	2.5%	1.23%	3.78%	1	444
$285.00	Oct 23	$5.79	0.50	0.1%	2.03%	2.12%	--	306

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 33,192

Total Puts 71,013

Put/Call Ratio 2.14

Net Difference -37,821

Prior's Put/Call Breakdown

Total Calls 73,658

Total Puts 48,798

Put/Call Ratio 0.66

Net Difference 24,860

Prior 7-Day Put/Call Summary

Total Calls 4,344,495

Total Puts 6,701,843

Average Put/Call Ratio 1.68

Ratio Trend Rising

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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