IWM - Options Database

IWM

iShares Russell 2000 ETF

$284.07 -1.09%

(9/23 09:45) ◀

Wednesday, September 23, 2026 (9:50am)

▶ (9/23 09:55)

◀ 9/23 09:50 ▶

Option Volume

Detail

ℹ

Current (09/23 9:50am) 354,963

Calls: 92,344 (26%)

Puts: 262,619 (74%)

Prior (09/22) 325,393

Calls: 146,692 (45%)

Puts: 178,701 (55%)

Current vs Prior +9.09%

Calls: -37.05% (Calls)

Puts: +46.96% (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 -77.51%

Calls: -85.12%

Puts: -72.57%

Sentiment BEARISH

Dollar Volume

Detail

ℹ

Current (09/23 9:50am) $42.31M

Calls: $8.98M (21%)

Puts: $33.33M (79%)

Prior (09/22) $31.10M

Calls: $12.17M (39%)

Puts: $18.92M (61%)

Current vs Prior +36.05%

Calls: -26.24%

Puts: +76.13%

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 -89.87%

Calls: -96.47%

Puts: -79.61%

Sentiment BEARISH

Put/Call Ratio

Detail

ℹ

Current (09/23 9:50am) 2.84

Prior (09/22) 1.22

Current vs Prior +133.45%

Prior 7-Day Average 1.68

Current vs Prior 7-Day Avg +69.27%

Sentiment BEARISH

Open Interest

Detail

ℹ

Current (09/23 9:50am) 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 0.64% | 0.98%0.64% | 1.27%1.27% | 2.28%3.62% | 6.95%

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

Current vs Prior -25.70% | -15.04%-25.70% | -1.90%-1.90% | -2.67%-0.26% | +1.98%

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 -37.48% | -29.35%-5.91% | -9.80%-10.63% | -4.99%+300.24% | +51.11%

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 -25.70% | -15.04%-25.95% | -0.77%-0.77% | -2.17%+0.58% | +2.67%

Sentiment BULLISHBULLISHBULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 2.04% | 1.05%

Calls: 1.47% | 0.83%

Puts: 2.61% | 1.27%

Prior 2.80% | 3.54%

Calls: 2.73% | 2.60%

Puts: 2.88% | 4.49%

Current vs Prior -27.14% | -70.34%

Prior 7-Day Avg 5.48% | 3.56%

Calls: 5.02% | 3.01%

Puts: 5.94% | 4.11%

Current vs 7-Day Avg -62.79% | -70.47%

Liquidity Good

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🤖 AI Insights

Strong bearish conviction with 79% of dollar volume in puts ($33.33M) vs calls ($8.98M). Extreme bearish P/C ratio of 2.84 - heavy put buying. P/C ratio rising 133% - 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 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
09:50	BEARISH	BEARISH	BEARISH
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 872 of results (avg 3.1%, best 0.6%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$270.00	Oct 30	17.24	17.34	$17.29	0.6%	--	0.80	36
$230.00	Oct 16	54.57	54.92	$54.75	0.6%	--	1.00	15
$273.00	Oct 16	13.30	13.39	$13.35	0.7%	3	0.80	230
$245.00	Sep 25	39.01	39.28	$39.14	0.7%	--	1.00	20
$235.00	Oct 16	49.61	49.96	$49.79	0.7%	--	1.00	84

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$320.00	Oct 16	35.83	36.11	$35.97	0.8%	3	0.99	13
$287.00	Oct 16	5.96	6.01	$5.99	0.8%	18	0.58	4.7K
$287.50	Oct 23	6.84	6.90	$6.87	0.9%	--	0.58	98
$286.00	Oct 30	6.77	6.83	$6.80	0.9%	3	0.53	233
$288.00	Oct 30	7.79	7.86	$7.83	0.9%	--	0.58	471

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 337 found (avg $0.37, cheapest $0.09)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$286.00	Sep 23	0.08	0.09	$0.09	11.1%	6.2K	0.11	1.6K
$285.00	Sep 23	0.26	0.27	$0.27	3.7%	9.0K	0.27	681
$284.00	Sep 23	0.67	0.68	$0.68	1.5%	2.6K	0.51	2.2K
$288.00	Sep 24	0.12	0.13	$0.13	7.7%	517	0.09	2.1K
$289.00	Sep 24	0.07	0.08	$0.08	12.5%	169	0.05	730

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$282.00	Sep 23	0.10	0.11	$0.11	9.1%	2.6K	0.13	1.1K
$282.50	Sep 23	0.15	0.16	$0.16	6.3%	4.0K	0.19	561
$283.00	Sep 23	0.25	0.26	$0.26	3.8%	9.9K	0.27	978
$284.00	Sep 23	0.56	0.57	$0.56	1.8%	19.1K	0.49	2.1K
$278.00	Sep 24	0.07	0.08	$0.08	12.5%	31	0.05	324

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 410 found (avg delta 0.80, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$230.00	Oct 16	54.57	54.92	$54.75	0.6%	--	1.00	15
$235.00	Oct 16	49.61	49.96	$49.79	0.7%	--	1.00	84
$240.00	Oct 16	44.66	45.01	$44.83	0.8%	2	1.00	86
$245.00	Oct 16	39.72	40.06	$39.89	0.9%	--	1.00	52
$240.00	Oct 23	44.91	45.28	$45.10	0.8%	--	1.00	14

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$289.00	Sep 23	4.86	5.10	$4.98	4.8%	22	1.00	426
$290.00	Sep 23	5.85	6.10	$5.98	4.2%	52	1.00	1.0K
$291.00	Sep 23	6.86	6.99	$6.93	1.9%	6	1.00	171
$292.00	Sep 23	7.85	8.10	$7.98	3.1%	--	1.00	13
$293.00	Sep 23	8.86	9.06	$8.96	2.2%	5	1.00	72

Most actively traded options today. High liquidity = easy entry/exit. 639 active (total vol 354.5K, top 75.4K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$294.00	Oct 16	1.40	1.43	$1.42	2.1%	16.5K	0.21	3.5K
$285.00	Sep 23	0.26	0.27	$0.27	3.7%	9.0K	0.27	681
$287.00	Sep 23	0.03	0.04	$0.04	25.0%	7.3K	0.05	2.3K
$286.00	Sep 23	0.08	0.09	$0.09	11.1%	6.2K	0.11	1.6K
$285.00	Oct 16	4.74	4.79	$4.77	1.0%	5.6K	0.48	4.7K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$273.00	Oct 16	1.54	1.56	$1.55	1.3%	75.4K	0.20	91.7K
$271.00	Oct 16	1.26	1.30	$1.28	3.1%	58.1K	0.17	59.6K
$284.00	Sep 23	0.56	0.57	$0.56	1.8%	19.1K	0.49	2.1K
$285.00	Sep 23	1.14	1.17	$1.15	2.6%	18.8K	0.73	2.9K
$270.00	Oct 16	1.15	1.17	$1.16	1.7%	14.4K	0.15	90.9K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 8 strikes (avg 28.8%, max 34.2%)

CALLS (4)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$282.50	Sep 23	Oct 30	22.4%	16.7%	34.2%	4	265
$283.00	Sep 23	Oct 30	21.8%	16.6%	31.4%	401	264
$285.00	Sep 23	Oct 30	20.3%	16.1%	26.3%	9.0K	1.3K
$284.00	Sep 23	Oct 30	20.2%	16.3%	23.4%	2.6K	2.3K

PUTS (4)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$282.50	Sep 23	Oct 30	22.4%	16.7%	34.2%	4.0K	649
$283.00	Sep 23	Oct 30	21.8%	16.6%	31.4%	9.9K	1.2K
$285.00	Sep 23	Oct 30	20.3%	16.1%	26.3%	18.9K	3.7K
$284.00	Sep 23	Oct 30	20.2%	16.3%	23.4%	19.1K	2.4K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 367 found (best R:R 2.85, avg 3.60)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$289.00	$290.00	Sep 28	$0.11	$0.89	$0.11	16%	8.09	$289.11
$289.00	$290.00	Sep 29	$0.14	$0.86	$0.14	19%	6.14	$289.14
$291.00	$292.00	Oct 1	$0.12	$0.88	$0.12	16%	7.33	$291.12
$290.00	$291.00	Sep 29	$0.11	$0.89	$0.11	15%	8.09	$290.11
$288.00	$289.00	Sep 30	$0.22	$0.78	$0.22	27%	3.55	$288.22

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$281.00	$280.00	Oct 7	$0.26	$0.74	$0.26	37%	2.85	$280.74
$250.00	$245.00	Oct 30	$0.14	$4.86	$0.14	6%	34.71	$249.86
$273.00	$270.00	Oct 5	$0.19	$2.81	$0.19	12%	14.79	$272.81
$279.00	$278.00	Oct 30	$0.28	$0.72	$0.28	36%	2.57	$278.72
$281.00	$280.00	Oct 30	$0.33	$0.67	$0.33	41%	2.03	$280.67

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 270 found (best R:R 0.13, avg 0.38)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$290.00	$300.00	Oct 7	$1.18	$1.18	$8.82	74%	0.13	$291.18
$285.00	$290.00	Oct 7	$1.93	$1.93	$3.07	54%	0.63	$286.93
$285.00	$286.00	Oct 16	$0.53	$0.53	$0.47	52%	1.13	$285.53
$285.00	$286.00	Oct 9	$0.51	$0.51	$0.49	53%	1.04	$285.51
$285.00	$286.00	Oct 23	$0.53	$0.53	$0.47	52%	1.13	$285.53

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$270.00	$250.00	Oct 7	$0.45	$0.45	$19.55	90%	0.02	$269.55
$279.00	$270.00	Oct 7	$1.20	$1.20	$7.80	71%	0.15	$277.80
$283.00	$282.50	Sep 23	$0.10	$0.10	$0.40	73%	0.25	$282.90
$283.00	$282.50	Sep 24	$0.14	$0.14	$0.36	64%	0.39	$282.86
$282.50	$282.00	Sep 24	$0.11	$0.11	$0.39	70%	0.28	$282.39

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $0.52, cheapest $0.50)

CALLS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$284.00	Sep 23	Sep 24	$0.53	20.2%	16.6%

PUTS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$284.00	Sep 23	Sep 24	$0.50	20.2%	16.6%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 391 found (cheapest 0.44% of stock, avg 4.01%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$284.00	Sep 23	$0.68	$0.56	$1.24	$282.76	$285.24	0.44%
$285.00	Sep 23	$0.27	$1.15	$1.42	$283.58	$286.42	0.50%
$283.00	Sep 23	$1.36	$0.26	$1.62	$281.38	$284.62	0.57%
$282.50	Sep 23	$1.76	$0.16	$1.92	$280.58	$284.42	0.68%
$286.00	Sep 23	$0.09	$2.00	$2.09	$283.91	$288.09	0.74%
$284.00	Sep 24	$1.21	$1.06	$2.27	$281.73	$286.27	0.80%
$282.00	Sep 23	$2.21	$0.11	$2.32	$279.68	$284.32	0.82%
$285.00	Sep 24	$0.74	$1.58	$2.32	$282.68	$287.32	0.82%
$283.00	Sep 24	$1.83	$0.69	$2.52	$280.48	$285.52	0.89%
$282.50	Sep 24	$2.19	$0.55	$2.74	$279.76	$285.24	0.96%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 343 found (cheapest 0.05% of stock, avg 1.58%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$286.00	$281.00	Sep 23	$0.09	$0.05	$0.14	$280.86	$286.14
$286.00	$282.00	Sep 23	$0.09	$0.11	$0.20	$281.80	$286.20
$286.00	$282.50	Sep 23	$0.09	$0.16	$0.25	$282.25	$286.25
$285.00	$281.00	Sep 23	$0.27	$0.05	$0.32	$280.68	$285.32
$286.00	$283.00	Sep 23	$0.09	$0.26	$0.35	$282.65	$286.35
$289.00	$281.00	Sep 24	$0.08	$0.29	$0.37	$280.63	$289.37
$285.00	$282.00	Sep 23	$0.27	$0.11	$0.38	$281.62	$285.38
$285.00	$282.50	Sep 23	$0.27	$0.16	$0.43	$282.07	$285.43
$288.00	$281.00	Sep 24	$0.13	$0.29	$0.42	$280.58	$288.42
$285.00	$283.00	Sep 23	$0.27	$0.26	$0.53	$282.47	$285.53

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 375 found (best R:R 0.92, avg credit $0.41)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
265/266	291/292	Oct 30	$0.48	$0.52	50%	0.92	$265.52	$291.48
267/268	291/292	Oct 23	$0.45	$0.55	52%	0.82	$267.55	$291.45
267/268	291/292	Oct 30	$0.50	$0.50	48%	1.00	$267.50	$291.50
270/271	290/291	Oct 16	$0.46	$0.54	51%	0.85	$270.54	$290.46
272/273	290/291	Oct 16	$0.49	$0.51	48%	0.96	$272.51	$290.49
267/268	290/291	Oct 23	$0.47	$0.53	50%	0.89	$267.53	$290.47
266/267	291/292	Oct 30	$0.48	$0.52	49%	0.92	$266.52	$291.48
270/271	291/292	Oct 23	$0.48	$0.52	49%	0.92	$270.52	$291.48
270/271	291/292	Oct 30	$0.53	$0.47	44%	1.13	$270.47	$291.53
272/273	291/292	Oct 30	$0.56	$0.44	40%	1.27	$272.44	$291.56

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 156 found (best R:R 32.33, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$265.00	$270.00	$275.00	Sep 30	$0.15	$4.85	8%	32.33
$283.00	$284.00	$285.00	Sep 23	$0.27	$0.73	46%	2.70
$282.00	$283.00	$284.00	Sep 25	$0.08	$0.92	19%	11.50
$284.00	$285.00	$286.00	Sep 23	$0.23	$0.77	40%	3.35
$280.00	$281.00	$282.00	Sep 24	$0.06	$0.94	14%	15.67

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$280.00	$281.00	$282.00	Sep 24	$0.05	$0.95	14%	19.00
$280.00	$281.00	$282.00	Sep 28	$0.05	$0.95	12%	19.00
$285.00	$286.00	$287.00	Sep 29	$0.06	$0.94	14%	15.67
$283.00	$284.00	$285.00	Sep 23	$0.29	$0.71	47%	2.45
$285.00	$286.00	$287.00	Sep 24	$0.11	$0.89	22%	8.09

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 460 found (best net $-4.36, 448 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$240.00	$261.00	1:2	Oct 23	-$4.36	$16.64
$245.00	$260.00	1:2	Sep 25	-$9.18	$5.82
$261.00	$270.00	1:2	Sep 23	-$5.02	$3.98
$279.00	$284.00	1:2	Oct 6	-$0.23	$4.77
$283.00	$284.00	1:2	Sep 23	$0.00	$1.00

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$320.00	$305.00	1:2	Oct 16	-$5.93	$9.07
$296.00	$290.00	1:2	Oct 5	-$1.36	$4.64
$286.00	$285.00	1:2	Sep 23	-$0.30	$0.70
$284.00	$283.00	1:2	Sep 24	-$0.32	$0.68
$282.00	$281.00	1:2	Sep 24	-$0.14	$0.86

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 194 found (best yield 2.28%, avg 0.50%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$285.00	Oct 30	$6.47	0.48	0.3%	2.28%	2.60%	33	595
$286.00	Oct 30	$5.97	0.47	0.7%	2.10%	2.78%	1	146
$287.00	Oct 30	$5.46	0.44	1.0%	1.92%	2.95%	17	284
$287.50	Oct 30	$5.22	0.43	1.2%	1.84%	3.05%	4	146
$288.00	Oct 30	$4.98	0.42	1.4%	1.75%	3.14%	2	537
$289.00	Oct 30	$4.53	0.40	1.7%	1.59%	3.33%	5	158
$290.00	Oct 30	$4.11	0.37	2.1%	1.45%	3.53%	27	520
$291.00	Oct 30	$3.71	0.35	2.4%	1.31%	3.75%	44	211
$285.00	Oct 23	$5.57	0.48	0.3%	1.96%	2.29%	--	306
$286.00	Oct 23	$5.04	0.46	0.7%	1.77%	2.45%	6	205

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 92,344

Total Puts 262,619

Put/Call Ratio 2.84

Net Difference -170,275

Prior's Put/Call Breakdown

Total Calls 146,692

Total Puts 178,701

Put/Call Ratio 1.22

Net Difference -32,009

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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