IWM - Options Database

IWM

iShares Russell 2000 ETF

$283.94 -1.14%

(9/23 09:50) ◀

Wednesday, September 23, 2026 (9:55am)

▶

◀ 9/23 09:55

Option Volume

Detail

ℹ

Current (09/23 9:55am) 395,100

Calls: 109,288 (28%)

Puts: 285,812 (72%)

Prior (09/22) 386,126

Calls: 193,282 (50%)

Puts: 192,844 (50%)

Current vs Prior +2.32%

Calls: -43.46% (Calls)

Puts: +48.21% (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 -74.96%

Calls: -82.39%

Puts: -70.15%

Sentiment BEARISH

Dollar Volume

Detail

ℹ

Current (09/23 9:55am) $45.98M

Calls: $9.69M (21%)

Puts: $36.29M (79%)

Prior (09/22) $40.13M

Calls: $19.10M (48%)

Puts: $21.03M (52%)

Current vs Prior +14.58%

Calls: -49.26%

Puts: +72.56%

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 -88.99%

Calls: -96.18%

Puts: -77.80%

Sentiment BEARISH

Put/Call Ratio

Detail

ℹ

Current (09/23 9:55am) 2.62

Prior (09/22) 1.00

Current vs Prior +162.12%

Prior 7-Day Average 1.68

Current vs Prior 7-Day Avg +55.66%

Sentiment BEARISH

Open Interest

Detail

ℹ

Current (09/23 9:55am) 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 0.67% | 1.01%0.67% | 1.29%1.29% | 2.30%3.65% | 6.93%

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

Current vs Prior -22.82% | -12.56%-22.81% | +0.06%+0.06% | -1.71%+0.47% | +1.67%

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 -35.06% | -27.29%-2.26% | -8.00%-8.84% | -4.05%+303.17% | +50.65%

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 -22.82% | -12.56%-23.07% | +1.21%+1.21% | -1.20%+1.31% | +2.36%

Sentiment BULLISHBULLISHBEARISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 1.96% | 1.30%

Calls: 2.44% | 1.74%

Puts: 1.49% | 0.87%

Prior 2.80% | 3.54%

Calls: 2.73% | 2.60%

Puts: 2.88% | 4.49%

Current vs Prior -30.00% | -63.28%

Prior 7-Day Avg 5.48% | 3.56%

Calls: 5.02% | 3.01%

Puts: 5.94% | 4.11%

Current vs 7-Day Avg -64.25% | -63.44%

Liquidity Good

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🤖 AI Insights

Strong bearish conviction with 79% of dollar volume in puts ($36.29M) vs calls ($9.69M). Extreme bearish P/C ratio of 2.62 - heavy put buying. P/C ratio rising 162% - 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
09:55	BEARISH	BEARISH	BEARISH
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 869 of results (avg 2.9%, best 0.6%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$230.00	Oct 16	54.43	54.76	$54.60	0.6%	--	1.00	15
$235.00	Oct 16	49.47	49.80	$49.64	0.7%	--	1.00	84
$245.00	Sep 25	38.91	39.17	$39.04	0.7%	--	1.00	20
$273.00	Oct 16	13.15	13.24	$13.20	0.7%	3	0.80	230
$274.00	Oct 16	12.31	12.40	$12.36	0.7%	--	0.78	211

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$280.00	Oct 16	3.09	3.11	$3.10	0.6%	4.2K	0.36	110.0K
$279.00	Oct 16	2.80	2.82	$2.81	0.7%	121	0.34	66.8K
$288.00	Oct 30	7.86	7.92	$7.89	0.8%	--	0.58	471
$278.00	Oct 30	3.80	3.83	$3.82	0.8%	1	0.34	496
$287.50	Oct 30	7.59	7.65	$7.62	0.8%	9	0.57	492

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 335 found (avg $0.38, cheapest $0.08)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$286.00	Sep 23	0.07	0.08	$0.08	12.5%	8.1K	0.10	1.6K
$285.00	Sep 23	0.22	0.23	$0.23	4.3%	10.9K	0.24	681
$284.00	Sep 23	0.58	0.59	$0.59	1.7%	4.0K	0.47	2.2K
$289.00	Sep 24	0.06	0.07	$0.07	14.3%	173	0.05	730
$288.00	Sep 24	0.11	0.12	$0.12	8.3%	553	0.09	2.1K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$282.00	Sep 23	0.12	0.13	$0.13	7.7%	3.2K	0.15	1.1K
$281.00	Sep 23	0.05	0.06	$0.06	16.7%	1.3K	0.07	7.4K
$282.50	Sep 23	0.19	0.20	$0.20	5.0%	4.5K	0.21	561
$283.00	Sep 23	0.30	0.31	$0.31	3.2%	14.0K	0.30	978
$284.00	Sep 23	0.66	0.67	$0.67	1.5%	22.5K	0.53	2.1K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 413 found (avg delta 0.80, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$260.00	Sep 23	23.86	24.06	$23.96	0.8%	3	1.00	10
$261.00	Sep 23	22.87	23.06	$22.97	0.8%	3	1.00	1
$264.00	Sep 23	19.83	20.06	$19.95	1.2%	2	1.00	--
$265.00	Sep 23	18.83	19.06	$18.95	1.2%	2	1.00	2
$270.00	Sep 23	13.87	14.02	$13.95	1.1%	--	1.00	10

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$291.00	Sep 24	6.99	7.21	$7.10	3.1%	11	1.00	48
$292.00	Sep 24	7.99	8.20	$8.09	2.6%	2	1.00	50
$293.00	Sep 24	8.97	9.24	$9.11	3.0%	--	1.00	13
$293.00	Sep 25	9.01	9.21	$9.11	2.2%	--	1.00	152
$294.00	Sep 25	9.98	10.20	$10.09	2.2%	15	1.00	55

Most actively traded options today. High liquidity = easy entry/exit. 678 active (total vol 394.1K, top 75.4K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$294.00	Oct 16	1.33	1.36	$1.35	2.2%	16.5K	0.21	3.5K
$285.00	Sep 23	0.22	0.23	$0.23	4.3%	10.9K	0.24	681
$286.00	Sep 23	0.07	0.08	$0.08	12.5%	8.1K	0.10	1.6K
$287.00	Sep 23	0.03	0.04	$0.04	25.0%	7.6K	0.05	2.3K
$285.00	Oct 16	4.63	4.67	$4.65	0.9%	5.6K	0.47	4.7K

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$273.00	Oct 16	1.54	1.57	$1.56	1.9%	75.4K	0.20	91.7K
$271.00	Oct 16	1.27	1.30	$1.29	2.3%	58.1K	0.17	59.6K
$284.00	Sep 23	0.66	0.67	$0.67	1.5%	22.5K	0.53	2.1K
$285.00	Sep 23	1.27	1.31	$1.29	3.1%	19.2K	0.76	2.9K
$270.00	Oct 16	1.16	1.18	$1.17	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 30.7%, max 35.9%)

CALLS (4)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$282.50	Sep 23	Oct 30	22.6%	16.6%	35.9%	8	265
$283.00	Sep 23	Oct 30	21.9%	16.5%	32.5%	468	264
$284.00	Sep 23	Oct 30	20.8%	16.3%	27.6%	4.0K	2.3K
$285.00	Sep 23	Oct 30	20.3%	16.1%	26.7%	11.0K	1.3K

PUTS (4)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$282.50	Sep 23	Oct 30	22.6%	16.6%	35.9%	4.5K	649
$283.00	Sep 23	Oct 30	21.9%	16.5%	32.5%	14.1K	1.2K
$284.00	Sep 23	Oct 30	20.8%	16.3%	27.6%	22.5K	2.4K
$285.00	Sep 23	Oct 30	20.3%	16.1%	26.7%	19.3K	3.7K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 363 found (best R:R 37.46, avg 3.54)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$293.00	$294.00	Oct 5	$0.10	$0.90	$0.10	13%	9.00	$293.10
$288.00	$289.00	Sep 29	$0.18	$0.82	$0.18	23%	4.56	$288.18
$288.00	$289.00	Sep 28	$0.15	$0.85	$0.15	20%	5.67	$288.15
$289.00	$290.00	Sep 28	$0.11	$0.89	$0.11	15%	8.09	$289.11
$291.00	$292.00	Oct 5	$0.16	$0.84	$0.16	19%	5.25	$291.16

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$250.00	$245.00	Oct 30	$0.13	$4.87	$0.13	6%	37.46	$249.87
$276.00	$272.50	Oct 6	$0.39	$3.11	$0.39	20%	7.97	$275.61
$281.00	$280.00	Oct 7	$0.27	$0.73	$0.27	37%	2.70	$280.73
$284.00	$283.00	Oct 30	$0.41	$0.59	$0.41	49%	1.44	$283.59
$279.00	$278.00	Oct 23	$0.27	$0.73	$0.27	35%	2.70	$278.73

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 267 found (best R:R 0.13, avg 0.40)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$290.00	$300.00	Oct 7	$1.15	$1.15	$8.85	75%	0.13	$291.15
$285.00	$290.00	Oct 7	$1.90	$1.90	$3.10	54%	0.61	$286.90
$285.00	$286.00	Oct 16	$0.52	$0.52	$0.48	53%	1.08	$285.52
$286.00	$287.00	Oct 23	$0.50	$0.50	$0.50	55%	1.00	$286.50
$285.00	$286.00	Oct 30	$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	$1.21	$1.21	$7.79	71%	0.16	$277.79
$283.00	$282.50	Sep 23	$0.11	$0.11	$0.39	70%	0.28	$282.89
$281.00	$280.00	Sep 24	$0.12	$0.12	$0.88	82%	0.14	$280.88
$282.00	$281.00	Sep 24	$0.18	$0.18	$0.82	74%	0.22	$281.82

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $0.50, cheapest $0.48)

CALLS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$284.00	Sep 23	Sep 24	$0.52	20.8%	17.1%

PUTS (1)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$284.00	Sep 23	Sep 24	$0.48	20.8%	17.1%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 395 found (cheapest 0.44% of stock, avg 4.02%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$284.00	Sep 23	$0.59	$0.67	$1.26	$282.74	$285.26	0.44%
$283.00	Sep 23	$1.23	$0.31	$1.54	$281.46	$284.54	0.54%
$285.00	Sep 23	$0.23	$1.29	$1.52	$283.48	$286.52	0.54%
$282.50	Sep 23	$1.62	$0.20	$1.82	$280.68	$284.32	0.64%
$282.00	Sep 23	$2.05	$0.13	$2.18	$279.82	$284.18	0.77%
$286.00	Sep 23	$0.08	$2.16	$2.24	$283.76	$288.24	0.79%
$284.00	Sep 24	$1.11	$1.15	$2.26	$281.74	$286.26	0.80%
$285.00	Sep 24	$0.67	$1.70	$2.37	$282.63	$287.37	0.83%
$283.00	Sep 24	$1.72	$0.75	$2.47	$280.53	$285.47	0.87%
$282.50	Sep 24	$2.06	$0.61	$2.67	$279.83	$285.17	0.94%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 345 found (cheapest 0.05% of stock, avg 1.56%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$286.00	$281.00	Sep 23	$0.08	$0.06	$0.14	$280.86	$286.14
$286.00	$282.00	Sep 23	$0.08	$0.13	$0.21	$281.79	$286.21
$286.00	$282.50	Sep 23	$0.08	$0.20	$0.28	$282.22	$286.28
$288.00	$280.00	Sep 24	$0.12	$0.19	$0.31	$279.69	$288.31
$285.00	$281.00	Sep 23	$0.23	$0.06	$0.29	$280.71	$285.29
$285.00	$282.00	Sep 23	$0.23	$0.13	$0.36	$281.64	$285.36
$287.00	$280.00	Sep 24	$0.21	$0.19	$0.40	$279.60	$287.40
$285.00	$282.50	Sep 23	$0.23	$0.20	$0.43	$282.07	$285.43
$288.00	$281.00	Sep 24	$0.12	$0.31	$0.43	$280.57	$288.43
$286.00	$283.00	Sep 23	$0.08	$0.31	$0.39	$282.61	$286.39

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 343 found (best R:R 0.85, avg credit $0.42)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
266/267	290/291	Oct 23	$0.46	$0.54	51%	0.85	$266.54	$290.46
266/267	291/292	Oct 23	$0.43	$0.57	54%	0.75	$266.57	$291.43
264/265	291/292	Oct 30	$0.46	$0.54	51%	0.85	$264.54	$291.46
265/266	291/292	Oct 30	$0.47	$0.53	50%	0.89	$265.53	$291.47
267/268	291/292	Oct 30	$0.49	$0.51	48%	0.96	$267.51	$291.49
269/270	290/291	Oct 23	$0.49	$0.51	48%	0.96	$269.51	$290.49
270/271	290/291	Oct 16	$0.45	$0.55	52%	0.82	$270.55	$290.45
270/271	291/292	Oct 16	$0.42	$0.58	54%	0.72	$270.58	$291.42
270/271	289/290	Oct 16	$0.48	$0.52	48%	0.92	$270.52	$289.48
269/270	291/292	Oct 23	$0.46	$0.54	50%	0.85	$269.54	$291.46

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 139 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	11%	32.33
$283.00	$284.00	$285.00	Sep 28	$0.07	$0.93	17%	13.29
$283.00	$284.00	$285.00	Sep 23	$0.28	$0.72	47%	2.57
$284.00	$285.00	$286.00	Sep 23	$0.21	$0.79	37%	3.76
$282.00	$283.00	$284.00	Sep 25	$0.09	$0.91	19%	10.11

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$283.00	$284.00	$285.00	Sep 23	$0.26	$0.74	47%	2.85
$280.00	$281.00	$282.00	Sep 25	$0.05	$0.95	13%	19.00
$280.00	$281.00	$282.00	Sep 24	$0.06	$0.94	14%	15.67
$281.00	$282.00	$283.00	Sep 28	$0.06	$0.94	14%	15.67
$283.00	$284.00	$285.00	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. 465 found (best net $-4.25, 452 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$240.00	$261.00	1:2	Oct 23	-$4.25	$16.75
$245.00	$260.00	1:2	Sep 25	-$9.08	$5.92
$279.00	$284.00	1:2	Oct 6	-$0.19	$4.81
$284.00	$285.00	1:2	Sep 24	-$0.23	$0.77
$285.00	$286.00	1:2	Sep 24	-$0.09	$0.91

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$320.00	$305.00	1:2	Oct 16	-$6.10	$8.90
$296.00	$290.00	1:2	Oct 5	-$1.46	$4.54
$285.00	$284.00	1:2	Sep 23	-$0.05	$0.95
$286.00	$285.00	1:2	Sep 23	-$0.42	$0.58
$276.00	$272.50	1:2	Oct 6	-$0.27	$3.23

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 205 found (best yield 2.44%, avg 0.54%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$284.00	Oct 30	$6.92	0.51	0.0%	2.44%	2.46%	1	68
$285.00	Oct 30	$6.39	0.48	0.4%	2.25%	2.62%	37	595
$286.00	Oct 30	$5.86	0.46	0.7%	2.06%	2.79%	1	146
$287.00	Oct 30	$5.35	0.44	1.1%	1.88%	2.96%	17	284
$287.50	Oct 30	$5.11	0.43	1.2%	1.80%	3.05%	4	146
$288.00	Oct 30	$4.88	0.41	1.4%	1.72%	3.15%	2	537
$289.00	Oct 30	$4.43	0.39	1.8%	1.56%	3.34%	5	158
$290.00	Oct 30	$4.01	0.37	2.1%	1.41%	3.55%	27	520
$284.00	Oct 23	$5.99	0.51	0.0%	2.11%	2.13%	1	37
$291.00	Oct 30	$3.62	0.34	2.5%	1.27%	3.76%	44	211

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 109,288

Total Puts 285,812

Put/Call Ratio 2.62

Net Difference -176,524

Prior's Put/Call Breakdown

Total Calls 193,282

Total Puts 192,844

Put/Call Ratio 1.00

Net Difference 438

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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