IWM - Options Database

IWM

iShares Russell 2000 ETF

$284.41 -0.97%

(9/23 09:40) ◀

Wednesday, September 23, 2026 (9:45am)

▶ (9/23 09:50)

◀ 9/23 09:45 ▶

Option Volume

Detail

ℹ

Current (09/23 9:45am) 269,533

Calls: 50,194 (19%)

Puts: 219,339 (81%)

Prior (09/22) 257,082

Calls: 133,969 (52%)

Puts: 123,113 (48%)

Current vs Prior +4.84%

Calls: -62.53% (Calls)

Puts: +78.16% (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 -82.92%

Calls: -91.91%

Puts: -77.09%

Sentiment BEARISH

Dollar Volume

Detail

ℹ

Current (09/23 9:45am) $30.07M

Calls: $2.78M (9%)

Puts: $27.28M (91%)

Prior (09/22) $23.88M

Calls: $10.47M (44%)

Puts: $13.41M (56%)

Current vs Prior +25.92%

Calls: -73.40%

Puts: +103.43%

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 -92.80%

Calls: -98.90%

Puts: -83.31%

Sentiment BEARISH

Put/Call Ratio

Detail

ℹ

Current (09/23 9:45am) 4.37

Prior (09/22) 0.92

Current vs Prior +375.52%

Prior 7-Day Average 1.68

Current vs Prior 7-Day Avg +160.09%

Sentiment BEARISH

Open Interest

Detail

ℹ

Current (09/23 9:45am) 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 0.62% | 0.97%0.62% | 1.25%1.25% | 2.25%3.59% | 6.93%

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

Current vs Prior -28.22% | -16.05%-28.22% | -3.37%-3.37% | -3.97%-1.15% | +1.71%

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 -39.60% | -30.19%-9.11% | -11.15%-11.97% | -6.26%+296.68% | +50.71%

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 -28.22% | -16.05%-28.46% | -2.26%-2.26% | -3.48%-0.32% | +2.40%

Sentiment BULLISHBULLISHBULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 3.85% | 5.41%

Calls: 2.44% | 3.68%

Puts: 5.26% | 7.14%

Prior 2.80% | 3.54%

Calls: 2.73% | 2.60%

Puts: 2.88% | 4.49%

Current vs Prior +37.50% | +52.82%

Prior 7-Day Avg 5.48% | 3.56%

Calls: 5.02% | 3.01%

Puts: 5.94% | 4.11%

Current vs 7-Day Avg -29.78% | +52.15%

Liquidity Acceptable

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🤖 AI Insights

Strong bearish conviction with 91% of dollar volume in puts ($27.28M) vs calls ($2.78M). Extreme bearish P/C ratio of 4.37 - heavy put buying. P/C ratio rising 376% - 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 BEARISH

7-Day Avg BULLISH

Current BEARISH

Prior NEUTRAL

7-Day Avg NEUTRAL

Current BEARISH

Prior NEUTRAL

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
09:45	BEARISH	BEARISH	BEARISH
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 632 of results (avg 4.2%, best 0.8%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$260.00	Sep 23	24.29	24.49	$24.39	0.8%	--	1.00	10
$274.00	Oct 16	12.65	12.76	$12.71	0.9%	--	0.79	211
$271.00	Oct 30	16.59	16.75	$16.67	1.0%	--	0.79	13
$277.00	Oct 16	10.21	10.31	$10.26	1.0%	--	0.73	144
$285.00	Oct 16	4.84	4.89	$4.87	1.0%	38	0.49	4.7K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$296.00	Oct 16	12.04	12.18	$12.11	1.2%	3	0.83	739
$287.00	Oct 16	5.73	5.80	$5.77	1.2%	15	0.57	4.7K
$287.50	Oct 30	7.29	7.38	$7.34	1.2%	9	0.56	492
$293.00	Oct 16	9.62	9.74	$9.68	1.2%	3	0.75	790
$295.00	Oct 16	11.20	11.34	$11.27	1.2%	13	0.81	14.7K

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 323 found (avg $0.40, cheapest $0.11)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$286.00	Sep 23	0.10	0.11	$0.11	9.1%	4.8K	0.15	1.6K
$285.00	Sep 23	0.32	0.33	$0.33	3.0%	6.1K	0.35	681
$284.00	Sep 23	0.81	0.83	$0.82	2.4%	955	0.61	2.2K
$289.00	Sep 24	0.08	0.09	$0.09	11.1%	148	0.07	730
$290.00	Sep 24	0.05	0.06	$0.06	16.7%	628	0.04	7.1K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$282.50	Sep 23	0.10	0.12	$0.11	18.2%	2.3K	0.13	561
$282.00	Sep 23	0.07	0.08	$0.08	12.5%	1.8K	0.09	1.1K
$283.00	Sep 23	0.17	0.18	$0.18	5.6%	5.2K	0.19	978
$284.00	Sep 23	0.41	0.42	$0.42	2.4%	13.1K	0.39	2.1K
$285.00	Sep 23	0.92	0.97	$0.95	5.3%	17.3K	0.65	2.9K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 406 found (avg delta 0.80, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$260.00	Sep 23	24.29	24.49	$24.39	0.8%	--	1.00	10
$270.00	Sep 23	14.30	14.50	$14.40	1.4%	--	1.00	10
$272.00	Sep 23	12.30	12.48	$12.39	1.5%	--	1.00	11
$272.50	Sep 23	11.80	11.98	$11.89	1.5%	--	1.00	19
$273.00	Sep 23	11.30	11.48	$11.39	1.6%	--	1.00	33

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$294.00	Sep 25	8.67	10.28	$9.48	17.0%	15	1.00	55
$295.00	Sep 25	8.63	12.56	$10.60	37.1%	--	1.00	97
$296.00	Sep 25	9.62	13.41	$11.52	32.9%	--	1.00	20
$297.50	Sep 25	11.07	15.05	$13.06	30.5%	1	1.00	1
$298.00	Sep 25	11.46	15.56	$13.51	30.3%	--	1.00	10

Most actively traded options today. High liquidity = easy entry/exit. 562 active (total vol 269.5K, top 74.8K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$287.00	Sep 23	0.04	0.05	$0.05	20.0%	6.3K	0.06	2.3K
$285.00	Sep 23	0.32	0.33	$0.33	3.0%	6.1K	0.35	681
$291.00	Sep 28	0.21	0.25	$0.23	17.4%	5.0K	0.10	478
$286.00	Sep 23	0.10	0.11	$0.11	9.1%	4.8K	0.15	1.6K
$288.00	Sep 23	0.02	0.03	$0.03	33.3%	2.2K	0.03	3.8K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$273.00	Oct 16	1.42	1.47	$1.44	3.5%	74.8K	0.19	91.7K
$271.00	Oct 16	1.17	1.21	$1.19	3.4%	58.1K	0.16	59.6K
$285.00	Sep 23	0.92	0.97	$0.95	5.3%	17.3K	0.65	2.9K
$284.00	Sep 23	0.41	0.42	$0.42	2.4%	13.1K	0.39	2.1K
$272.00	Oct 16	1.29	1.33	$1.31	3.1%	8.0K	0.17	83.1K

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 23.2%, max 28.8%)

CALLS (3)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$283.00	Sep 23	Oct 30	21.2%	16.4%	28.8%	197	264
$285.00	Sep 23	Oct 30	19.3%	16.0%	20.7%	6.1K	1.3K
$284.00	Sep 23	Oct 30	19.4%	16.2%	20.0%	955	2.3K

PUTS (3)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$283.00	Sep 23	Oct 30	21.2%	16.4%	28.8%	5.2K	1.2K
$285.00	Sep 23	Oct 30	19.3%	16.0%	20.7%	17.4K	3.7K
$284.00	Sep 23	Oct 30	19.4%	16.2%	20.0%	13.1K	2.4K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 368 found (best R:R 1.27, avg 3.34)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$265.00	$266.00	Oct 9	$0.44	$0.56	$0.44	93%	1.27	$265.44
$275.00	$276.00	Oct 2	$0.47	$0.53	$0.47	87%	1.13	$275.47
$270.00	$271.00	Oct 2	$0.61	$0.39	$0.61	93%	0.64	$270.61
$260.00	$261.00	Oct 2	$0.66	$0.34	$0.66	98%	0.52	$260.66
$270.00	$271.00	Oct 23	$0.54	$0.46	$0.54	83%	0.85	$270.54

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$297.00	$296.00	Oct 2	$0.45	$0.55	$0.45	94%	1.22	$296.55
$292.00	$291.00	Sep 25	$0.48	$0.52	$0.48	95%	1.08	$291.52
$304.00	$303.00	Oct 30	$0.48	$0.52	$0.48	89%	1.08	$303.52
$300.00	$299.00	Oct 30	$0.50	$0.50	$0.50	83%	1.00	$299.50
$295.00	$294.00	Oct 9	$0.53	$0.47	$0.53	86%	0.89	$294.47

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 258 found (best R:R 0.28, avg 0.39)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$285.00	$300.00	Oct 7	$3.30	$3.30	$11.70	51%	0.28	$288.30
$285.00	$286.00	Oct 23	$0.54	$0.54	$0.46	51%	1.17	$285.54
$286.00	$287.00	Oct 30	$0.52	$0.52	$0.48	52%	1.08	$286.52
$285.00	$286.00	Oct 16	$0.53	$0.53	$0.47	51%	1.13	$285.53
$288.00	$289.00	Oct 30	$0.47	$0.47	$0.53	57%	0.89	$288.47

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	73%	0.05	$277.60
$281.00	$279.00	Oct 7	$0.62	$0.62	$1.38	66%	0.45	$280.38
$284.00	$283.00	Sep 23	$0.24	$0.24	$0.76	61%	0.32	$283.76
$278.00	$277.50	Oct 30	$0.15	$0.15	$0.35	67%	0.43	$277.85
$283.00	$282.50	Sep 24	$0.12	$0.12	$0.38	69%	0.32	$282.88

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 4 found (avg debit $0.50, cheapest $0.49)

CALLS (2)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$284.00	Sep 23	Sep 24	$0.54	19.4%	16.5%
$285.00	Sep 23	Sep 24	$0.52	19.3%	16.8%

PUTS (2)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$284.00	Sep 23	Sep 24	$0.49	19.4%	16.5%
$285.00	Sep 23	Sep 24	$0.45	19.3%	16.8%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 389 found (cheapest 0.44% of stock, avg 3.99%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$284.00	Sep 23	$0.82	$0.42	$1.24	$282.76	$285.24	0.44%
$285.00	Sep 23	$0.33	$0.95	$1.28	$283.72	$286.28	0.45%
$283.00	Sep 23	$1.58	$0.18	$1.76	$281.24	$284.76	0.62%
$286.00	Sep 23	$0.11	$1.72	$1.83	$284.17	$287.83	0.64%
$282.50	Sep 23	$2.01	$0.11	$2.12	$280.38	$284.62	0.75%
$285.00	Sep 24	$0.85	$1.40	$2.25	$282.75	$287.25	0.79%
$284.00	Sep 24	$1.36	$0.91	$2.27	$281.73	$286.27	0.80%
$286.00	Sep 24	$0.50	$2.04	$2.54	$283.46	$288.54	0.89%
$282.00	Sep 23	$2.47	$0.08	$2.55	$279.45	$284.55	0.90%
$283.00	Sep 24	$2.02	$0.59	$2.61	$280.39	$285.61	0.92%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 341 found (cheapest 0.05% of stock, avg 1.55%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$287.00	$282.00	Sep 23	$0.05	$0.08	$0.13	$281.87	$287.13
$287.00	$282.50	Sep 23	$0.05	$0.11	$0.16	$282.34	$287.16
$286.00	$282.00	Sep 23	$0.11	$0.08	$0.19	$281.81	$286.19
$286.00	$282.50	Sep 23	$0.11	$0.11	$0.22	$282.28	$286.22
$287.00	$283.00	Sep 23	$0.05	$0.18	$0.23	$282.77	$287.23
$286.00	$283.00	Sep 23	$0.11	$0.18	$0.29	$282.71	$286.29
$289.00	$281.00	Sep 24	$0.09	$0.25	$0.34	$280.66	$289.34
$288.00	$281.00	Sep 24	$0.15	$0.25	$0.40	$280.60	$288.40
$287.00	$281.00	Sep 24	$0.27	$0.25	$0.52	$280.48	$287.52
$285.00	$282.00	Sep 23	$0.33	$0.08	$0.41	$281.59	$285.41

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 336 found (best R:R 0.92, avg credit $0.40)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
270/271	291/292	Oct 23	$0.48	$0.52	48%	0.92	$270.52	$291.48
269/270	290/291	Oct 16	$0.44	$0.56	52%	0.79	$269.56	$290.44
267/268	291/292	Oct 23	$0.44	$0.56	52%	0.79	$267.56	$291.44
268/269	291/292	Oct 23	$0.45	$0.55	51%	0.82	$268.55	$291.45
269/270	291/292	Oct 16	$0.40	$0.60	55%	0.67	$269.60	$291.40
271/272	290/291	Oct 16	$0.46	$0.54	49%	0.85	$271.54	$290.46
269/270	292/293	Oct 16	$0.37	$0.63	58%	0.59	$269.63	$292.37
274/275	290/291	Oct 16	$0.51	$0.49	44%	1.04	$274.49	$290.51
269/270	293/294	Oct 16	$0.34	$0.66	61%	0.52	$269.66	$293.34
273/274	290/291	Oct 16	$0.49	$0.51	46%	0.96	$273.51	$290.49

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 188 found (best R:R 3.17, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$284.00	$285.00	$286.00	Sep 23	$0.27	$0.73	46%	2.70
$283.00	$284.00	$285.00	Sep 23	$0.27	$0.73	46%	2.70
$285.00	$286.00	$287.00	Sep 24	$0.12	$0.88	24%	7.33
$287.00	$288.00	$289.00	Sep 28	$0.05	$0.95	12%	19.00
$282.00	$283.00	$284.00	Sep 28	$0.07	$0.93	16%	13.29

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$284.00	$285.00	$286.00	Sep 23	$0.24	$0.76	46%	3.17
$281.00	$282.00	$283.00	Sep 28	$0.05	$0.95	14%	19.00
$285.00	$286.00	$287.00	Sep 25	$0.09	$0.91	19%	10.11
$281.00	$282.00	$283.00	Sep 25	$0.07	$0.93	15%	13.29
$284.00	$285.00	$286.00	Sep 24	$0.15	$0.85	28%	5.67

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 461 found (best net $-4.57, 449 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$240.00	$261.00	1:2	Oct 23	-$4.57	$16.43
$260.00	$270.00	1:2	Sep 23	-$4.41	$5.59
$245.00	$260.00	1:2	Sep 25	-$9.82	$5.18
$279.00	$284.00	1:2	Oct 6	-$0.31	$4.69
$283.00	$284.00	1:2	Sep 23	-$0.06	$0.94

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$320.00	$305.00	1:2	Oct 16	-$5.62	$9.38
$286.00	$285.00	1:2	Sep 23	-$0.18	$0.82
$303.00	$297.00	1:2	Oct 2	-$5.63	$0.37
$287.00	$286.00	1:2	Sep 23	-$0.78	$0.22
$268.00	$263.00	1:2	Oct 1	-$0.03	$4.97

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 198 found (best yield 2.31%, avg 0.50%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$285.00	Oct 30	$6.57	0.49	0.2%	2.31%	2.52%	30	595
$286.00	Oct 30	$6.06	0.47	0.6%	2.13%	2.69%	--	146
$287.00	Oct 30	$5.55	0.45	0.9%	1.95%	2.86%	14	284
$287.50	Oct 30	$5.30	0.44	1.1%	1.86%	2.95%	4	146
$288.00	Oct 30	$5.06	0.43	1.3%	1.78%	3.04%	2	537
$289.00	Oct 30	$4.60	0.40	1.6%	1.62%	3.23%	5	158
$290.00	Oct 30	$4.18	0.38	2.0%	1.47%	3.44%	27	520
$291.00	Oct 30	$3.78	0.36	2.3%	1.33%	3.65%	40	211
$285.00	Oct 23	$5.64	0.49	0.2%	1.98%	2.19%	--	306
$292.00	Oct 30	$3.40	0.33	2.7%	1.20%	3.86%	27	444

Current 5-Minute Volume Snapshots

Time (HH:MM)	Total Volume	Call Volume	Put Volume	Volume Change
Loading data...

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 50,194

Total Puts 219,339

Put/Call Ratio 4.37

Net Difference -169,145

Prior's Put/Call Breakdown

Total Calls 133,969

Total Puts 123,113

Put/Call Ratio 0.92

Net Difference 10,856

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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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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