IWM Options
IWM $276.99 · Updated Oct 26, 4:00 PM ET
IWM is at $276.99. The nearest expiration, Oct 27, 2026 (1 day out), lists 85 strikes, with 68,826 calls and 75,713 puts traded in the latest session. At-the-money implied volatility is 16.7%. The at-the-money straddle prices a move of about $1.95 (0.7%) by expiration.
IWM Options Chain
IWM is at $276.99. The nearest expiration, Oct 27, 2026 (1 day out), lists 85 strikes, with 68,826 calls and 75,713 puts traded in the latest session. At-the-money implied volatility is 16.7%. The at-the-money straddle prices a move of about $1.95 (0.7%) by expiration.
IWM Gamma Exposure (GEX)
IWM total dealer gamma exposure is -$2.42B across all listed expirations. Negative GEX means dealers are net short gamma; their hedging tends to amplify price moves. The gamma flip is $284.07, with spot 2.5% below it. The call wall is $280.00 and the put wall $270.00.
IWM Max Pain
IWM max pain for Oct 27, 2026 (1 day out) is $275.00, 0.7% below the current $276.99. That is the settlement price at which the open contracts on that date would pay holders the least. For Nov 27, 2026, max pain is $276.00.
IWM Put/Call Ratio
Across every listed IWM expiration, the put/call ratio is 1.59 by volume and 2.23 by open interest. More puts than calls are trading, a defensive tilt. 5,522,287 puts and 2,481,763 calls are open in total.
IWM Implied Volatility
IWM at-the-money implied volatility is 16.7% for Oct 27, 2026 (1 day out). For Nov 27, 2026 it is 19.3%. Longer-dated volatility is priced at or above near-term volatility, the normal upward-sloping term structure.
IWM Open Interest by Strike
Across all IWM expirations, the largest call open interest near the current $276.99 sits at the $290.00 strike (170,619 contracts) and the largest put open interest at $260.00 (456,775). 2,481,763 calls and 5,522,287 puts are open in total.
IWM Expected Move
The options market prices IWM to move about $1.95 (0.7%) by Oct 27, 2026, a range of $275.05 to $278.94. For Nov 27, 2026 (32 days out) the expected move is $12.70 (4.6%).