Tour v302
IWM
iShares Russell 2000 ETF
$293.21 -1.00%
(7/8 15:10) ◀
|
Wednesday, July 8, 2026 (3:13pm)
January 2026
|
▶ (7/8 15:15)
◀ 7/8 15:13 ▶

Option Volume

Detail
ℹ
Current (07/08) 1,580,966
Calls: 530,787 (34%)
Puts: 1,050,179 (66%)
Prior (07/07) 1,494,121
Calls: 676,918 (45%)
Puts: 817,203 (55%)
Current vs Prior +5.81%
Calls: -21.59% (Calls)
Puts: +28.51% (Puts)
Prior 7-Day Total 11,614,312
Calls: 4,684,331 (40%)
Puts: 6,929,981 (60%)
Prior 7-Day Average 1,659,187
Calls: 669,190 (40%)
Puts: 989,997 (60%)
Current vs Prior 7-Day Avg -4.71%
Calls: -20.68%
Puts: +6.08%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (07/08) $157.39M
Calls: $44.65M (28%)
Puts: $112.74M (72%)
Prior (07/07) $120.21M
Calls: $31.18M (26%)
Puts: $89.03M (74%)
Current vs Prior +30.92%
Calls: +43.19%
Puts: +26.63%
Prior 7-Day Total $1.00B
Calls: $351.55M (35%)
Puts: $650.50M (65%)
Prior 7-Day Average $143.15M
Calls: $50.22M (35%)
Puts: $92.93M (65%)
Current vs Prior 7-Day Avg +9.95%
Calls: -11.10%
Puts: +21.32%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (07/08) 1.98
Prior (07/07) 1.21
Current vs Prior +63.89%
Prior 7-Day Average 1.49
Current vs Prior 7-Day Avg +32.53%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (07/08) 3,266,208
Calls: 711,123 (22%)
Puts: 2,555,085 (78%)
Prior (07/07) 3,211,581
Calls: 700,990 (22%)
Puts: 2,510,591 (78%)
Current vs Prior +1.70%
Prior 7-Day Total 20,594,749
Calls: 4,430,448 (22%)
Puts: 16,164,301 (78%)
Prior 7-Day Average 2,942,107
Calls: 632,921 (22%)
Puts: 2,309,185 (78%)
Current vs Prior 7-Day Avg +11.02%
Sentiment BULLISH

Expected Move

Detail
ℹ
Expiry (07/08) | Next (07/09)Expiry (07/08) | Next (07/10)Expiry (07/10) | Next (07/17)Expiry (07/15) | Next (08/21)
Current 0.47% | 1.10%0.47% | 1.45%1.45% | 2.78%2.37% | 6.72%
Prior 1.02% | 1.33%1.02% | 1.59%1.59% | 2.71%2.37% | 6.53%
Current vs Prior -53.69% | -17.40%-53.68% | -8.87%-8.87% | +2.27%+0.30% | +2.84%
Prior 7-Day Avg 1.05% | 1.39%0.72% | 1.54%2.20% | 3.25%3.03% | 6.57%
Current vs 7-Day Avg -54.99% | -21.00%-34.34% | -6.15%-34.28% | -14.57%-21.54% | +2.28%
Prior 7-Day Eod 0.47% | 1.10%-- | ---- | ---- | --
Current vs 7-Day Eod +0.01% | +0.01%-- | ---- | ---- | --
Sentiment BULLISHBULLISHBULLISHBEARISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 5.30% | 1.25%
Calls: 6.12% | 1.33%
Puts: 4.49% | 1.16%
Prior 2.71% | 3.96%
Calls: 2.94% | 2.72%
Puts: 2.47% | 5.21%
Current vs Prior +95.57% | -68.43%
Prior 7-Day Avg 3.44% | 2.97%
Calls: 3.22% | 2.84%
Puts: 3.24% | 3.68%
Current vs 7-Day Avg +54.07% | -57.89%
Liquidity Good
+
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🤖 AI Insights

Moderately bearish flow with 72% put dollar volume ($112.74M). Extreme bearish P/C ratio of 1.98 - heavy put buying. P/C ratio rising 64% - increased hedging/bearish positioning. Put-heavy open interest (2,555,085 puts vs 711,123 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 BEARISH
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

📈 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

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 1,139 of results (avg 2.1%, best 0.2%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$235.00Jul 958.1858.29$58.240.2%11.00--
$235.00Aug 2159.5059.62$59.560.2%--1.00554
$235.00Jul 1758.4558.57$58.510.2%30.99123
$236.00Jul 1757.4557.57$57.510.2%--0.9921
$237.00Jul 1756.4656.58$56.520.2%--0.9930
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$340.00Jul 1646.7346.85$46.790.3%11.00--
$330.00Aug 2136.7336.85$36.790.3%20.97--
$325.00Jul 831.7331.84$31.790.3%21.00--
$324.00Jul 830.7330.84$30.790.4%21.00--
$323.00Jul 829.7329.84$29.790.4%21.00--

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 330 found (avg $0.38, cheapest $0.06)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$301.00Jul 100.050.06$0.0616.7%1.1K0.035.8K
$306.00Jul 140.050.06$0.0616.7%60.0268
$309.00Jul 160.050.06$0.0616.7%--0.0241
$303.00Jul 130.060.07$0.0714.3%4350.03621
$311.00Jul 200.060.07$0.0714.3%--0.0224
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$284.00Jul 90.050.06$0.0616.7%4330.03368
$277.00Jul 100.050.06$0.0616.7%2850.021.9K
$277.50Jul 100.050.06$0.0616.7%2630.021.7K
$269.00Jul 130.050.06$0.0616.7%150.011
$270.00Jul 130.050.06$0.0616.7%--0.01190

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 577 found (avg delta 0.82, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$250.00Jul 843.1643.27$43.220.3%441.0044
$260.00Jul 833.1633.27$33.220.3%161.008
$261.00Jul 832.1632.27$32.220.3%361.008
$262.00Jul 831.1631.27$31.220.4%351.0011
$262.50Jul 830.6630.77$30.720.4%131.009
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$302.00Jul 108.748.84$8.791.1%831.001.2K
$302.50Jul 109.249.34$9.291.1%11.00122
$303.00Jul 109.749.84$9.791.0%51.00175
$304.00Jul 1010.7410.85$10.801.0%--1.0010
$305.00Jul 1011.7411.84$11.790.8%1191.00109

Most actively traded options today. High liquidity = easy entry/exit. 1,296 active (total vol 1.6M, top 115.3K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$293.00Jul 80.470.50$0.496.1%83.0K0.58105
$294.00Jul 80.090.10$0.1010.0%82.4K0.1862
$295.00Jul 80.010.02$0.0250.0%58.6K0.04263
$296.00Jul 80.000.01$0.01100.0%41.9K0.011.2K
$292.00Jul 81.241.29$1.273.9%33.9K0.8734
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$292.00Jul 80.070.08$0.0812.5%115.3K0.141.5K
$293.00Jul 80.270.29$0.287.1%94.3K0.421.7K
$291.00Jul 80.010.02$0.0250.0%80.3K0.037.9K
$290.00Jul 80.000.01$0.01100.0%71.1K0.011.6K
$285.00Jul 171.311.33$1.321.5%58.4K0.21106.0K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 160 strikes (avg 558.7%, max 2192.2%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$335.00Jul 8Aug 21410.6%17.9%2192.2%72954
$330.00Jul 8Aug 21368.3%17.9%1955.7%1.2K7.5K
$250.00Jul 8Aug 21489.1%29.1%1583.8%524.6K
$320.00Jul 8Aug 21280.3%18.3%1434.9%1.7K7.9K
$260.00Jul 8Aug 21377.2%26.5%1322.1%1675.7K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$235.00Jul 8Aug 21662.5%33.4%1880.8%59.2K
$240.00Jul 8Aug 21603.9%31.9%1792.8%45922.9K
$325.00Jul 8Aug 21324.9%18.0%1704.5%352
$255.00Jul 8Aug 21432.9%27.8%1457.2%1.3K23.5K
$320.00Jul 8Aug 21280.3%18.3%1434.9%29219

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 523 found (best R:R 180.82, avg 4.59)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$310.00$320.00Jul 21$0.11$9.89$0.1189.91$310.11
$325.00$330.00Aug 14$0.13$4.87$0.1337.46$325.13
$320.00$325.00Aug 7$0.15$4.85$0.1532.33$320.15
$325.00$330.00Aug 21$0.19$4.81$0.1925.32$325.19
$315.00$317.50Jul 31$0.11$2.39$0.1121.73$315.11
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$270.00$250.00Jul 16$0.11$19.89$0.11180.82$269.89
$270.00$250.00Jul 22$0.25$19.75$0.2579.00$269.75
$270.00$260.00Jul 20$0.13$9.87$0.1375.92$269.87
$275.00$270.00Jul 16$0.10$4.90$0.1049.00$274.90
$250.00$245.00Aug 14$0.11$4.89$0.1144.45$249.89

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 710 found (best R:R 106.14, avg 2.34)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$245.00$260.00Jul 24$14.86$14.86$0.14106.14$259.86
$235.00$240.00Aug 21$4.89$4.89$0.1144.45$239.89
$255.00$260.00Jul 31$4.87$4.87$0.1337.46$259.87
$250.00$255.00Aug 7$4.87$4.87$0.1337.46$254.87
$240.00$245.00Aug 21$4.87$4.87$0.1337.46$244.87
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$307.00$304.00Jul 16$2.90$2.90$0.1029.00$304.10
$310.00$308.00Jul 24$1.90$1.90$0.1019.00$308.10
$312.00$302.00Jul 20$9.45$9.45$0.5517.18$302.55
$313.00$310.00Jul 31$2.79$2.79$0.2113.29$310.21
$320.00$315.00Aug 21$4.60$4.60$0.4011.50$315.40

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 76 found (avg debit $0.54, cheapest $0.06)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$281.00Jul 8Jul 9$0.06146.5%37.5%
$283.00Jul 8Jul 9$0.06124.3%33.3%
$298.00Jul 8Jul 9$0.0862.5%19.9%
$284.00Jul 8Jul 9$0.09113.1%31.5%
$277.00Jul 10Jul 13$0.0936.8%26.3%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$298.00Jul 8Jul 9$0.0662.5%19.9%
$285.00Jul 8Jul 9$0.07101.9%30.3%
$253.00Jul 10Jul 17$0.0965.6%43.0%
$254.00Jul 10Jul 17$0.0964.0%42.0%
$286.00Jul 8Jul 9$0.1090.6%29.1%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 556 found (cheapest 0.26% of stock, avg 5.76%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$293.00Jul 8$0.49$0.28$0.77$292.23$293.770.26%
$294.00Jul 8$0.10$0.89$0.99$293.01$294.990.34%
$292.00Jul 8$1.27$0.08$1.35$290.65$293.350.46%
$295.00Jul 8$0.02$1.80$1.82$293.18$296.820.62%
$291.00Jul 8$2.23$0.02$2.25$288.75$293.250.77%
$294.00Jul 9$0.98$1.73$2.71$291.29$296.710.92%
$293.00Jul 9$1.50$1.25$2.75$290.25$295.750.94%
$296.00Jul 8$0.01$2.79$2.80$293.20$298.800.95%
$295.00Jul 9$0.59$2.35$2.94$292.06$297.941.00%
$292.00Jul 9$2.13$0.90$3.03$288.97$295.031.03%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 377 found (cheapest 0.06% of stock, avg 2.15%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$294.00$292.00Jul 8$0.10$0.08$0.18$291.82$294.18
$294.00$293.00Jul 8$0.10$0.28$0.38$292.62$294.38
$298.00$289.00Jul 9$0.09$0.30$0.39$288.61$298.39
$297.00$289.00Jul 9$0.17$0.30$0.47$288.53$297.47
$298.00$290.00Jul 9$0.09$0.43$0.52$289.48$298.52
$297.00$290.00Jul 9$0.17$0.43$0.60$289.40$297.60
$296.00$289.00Jul 9$0.33$0.30$0.63$288.37$296.63
$298.00$291.00Jul 9$0.09$0.63$0.72$290.28$298.72
$296.00$290.00Jul 9$0.33$0.43$0.76$289.24$296.76
$297.00$291.00Jul 9$0.17$0.63$0.80$290.20$297.80

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 422 found (best R:R 40.67, avg credit $1.31)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
240/245250/255Aug 21$4.88$0.1240.67$240.12$254.88
245/250255/260Aug 14$4.86$0.1434.71$245.14$259.86
245/250255/260Aug 21$4.84$0.1630.25$245.16$259.84
250/255260/266Aug 7$5.78$0.2226.27$249.22$265.78
240/245255/260Aug 21$4.81$0.1925.32$240.19$259.81
250/255260/265Aug 21$4.80$0.2024.00$250.20$264.80
245/250260/265Aug 21$4.73$0.2717.52$245.27$264.73
255/260265/270Aug 21$4.72$0.2816.86$255.28$269.72
240/245260/265Aug 21$4.70$0.3015.67$240.30$264.70
250/255260/270Aug 14$9.33$0.6713.93$245.67$269.33

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 163 found (best R:R 99.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$320.00$325.00$330.00Jul 31$0.05$4.9599.00
$330.00$335.00$340.00Aug 21$0.05$4.9599.00
$245.00$250.00$255.00Aug 21$0.06$4.9482.33
$250.00$255.00$260.00Aug 7$0.07$4.9370.43
$250.00$255.00$260.00Aug 14$0.07$4.9370.43
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$250.00$255.00$260.00Jul 31$0.05$4.9599.00
$250.00$255.00$260.00Aug 7$0.05$4.9599.00
$245.00$250.00$255.00Aug 14$0.05$4.9599.00
$250.00$255.00$260.00Aug 21$0.06$4.9482.33
$250.00$255.00$260.00Aug 14$0.07$4.9370.43

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 456 found (best net $-0.01, 437 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$317.00$335.001:2Jul 9-$0.01$17.99
$322.00$330.001:2Jul 8-$0.01$7.99
$278.00$287.001:2Jul 21-$1.05$7.95
$315.00$320.001:2Jul 17$0.00$5.00
$325.00$330.001:2Jul 31$0.00$5.00
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$255.00$240.001:2Jul 14$0.00$15.00
$255.00$240.001:2Jul 8-$0.01$14.99
$262.00$250.001:2Jul 9-$0.01$11.99
$255.00$245.001:2Jul 13$0.00$10.00
$265.00$255.001:2Jul 14$0.00$10.00

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 210 found (best yield 2.75%, avg 0.68%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$295.00Aug 21$8.050.480.6%2.75%3.36%96521.3K
$294.00Aug 14$7.820.490.3%2.67%2.94%12--
$295.00Aug 14$7.270.480.6%2.48%3.09%3458
$294.00Aug 7$6.920.490.3%2.36%2.63%30124
$296.00Aug 14$6.740.460.9%2.30%3.25%17549
$295.00Aug 7$6.370.470.6%2.17%2.78%36473
$297.00Aug 14$6.230.441.3%2.12%3.42%344
$294.00Jul 31$5.970.490.3%2.04%2.31%22180
$297.50Aug 14$5.990.431.5%2.04%3.51%214
$296.00Aug 7$5.850.450.9%2.00%2.95%1717

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 530,787
Total Puts 1,050,179
Put/Call Ratio 1.98
Net Difference -519,392

Prior's Put/Call Breakdown

Total Calls 676,918
Total Puts 817,203
Put/Call Ratio 1.21
Net Difference -140,285

Prior 7-Day Put/Call Summary

Total Calls 4,684,331
Total Puts 6,929,981
Average Put/Call Ratio 1.49
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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Chart Title

Price — Past 7 Days

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