IWM Options
IWM $282.14 · Updated Nov 10, 4:00 PM ET
IWM is at $282.14. The nearest expiration, Nov 11, 2026 (1 day out), lists 84 strikes, with 63,297 calls and 55,351 puts traded in the latest session. At-the-money implied volatility is 18.7%. The at-the-money straddle prices a move of about $2.46 (0.9%) by expiration.
IWM Options Chain
IWM is at $282.14. The nearest expiration, Nov 11, 2026 (1 day out), lists 84 strikes, with 63,297 calls and 55,351 puts traded in the latest session. At-the-money implied volatility is 18.7%. The at-the-money straddle prices a move of about $2.46 (0.9%) by expiration.
IWM Gamma Exposure (GEX)
IWM total dealer gamma exposure is -$1.80B across all listed expirations. Negative GEX means dealers are net short gamma; their hedging tends to amplify price moves. The gamma flip is $284.22, with spot 0.7% below it. The call wall is $285.00 and the put wall $275.00.
IWM Max Pain
IWM max pain for Nov 11, 2026 (1 day out) is $280.00, 0.8% below the current $282.14. That is the settlement price at which the open contracts on that date would pay holders the least. For Dec 11, 2026, max pain is $279.00.
IWM Put/Call Ratio (Put to Call Ratio)
Across every listed IWM expiration, the put/call ratio is 1.96 by volume and 2.12 by open interest. More puts than calls are trading, a defensive tilt. 5,735,334 puts and 2,710,400 calls are open in total.
IWM Implied Volatility
IWM at-the-money implied volatility is 18.7% for Nov 11, 2026 (1 day out). For Dec 11, 2026 it is 19.1%. 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 $282.14 sits at the $300.00 strike (198,188 contracts) and the largest put open interest at $270.00 (364,260). 2,710,400 calls and 5,735,334 puts are open in total.
IWM Expected Move
The options market prices IWM to move about $2.46 (0.9%) by Nov 11, 2026, a range of $279.69 to $284.59. For Dec 11, 2026 (31 days out) the expected move is $12.59 (4.5%).