IWM Unusual Option Activity

iShares Russell 2000 ETF (IWM) option volume on Nov 13, 2026 was 13.5% of open interest, below the 20-day average of 19.1%. Calls made up 34.6% of the volume.

±100%
to
Symbol Type Strike Expiration Volume/Open Interest Volume Open Interest
IWM CALL 278.0 Nov 16, 2026 (w) 32.31 6,074 188
IWM CALL 279.0 Nov 16, 2026 (w) 26.18 6,099 233
IWM PUT 272.0 Nov 16, 2026 (w) 13.39 5,987 447
IWM CALL 275.0 Nov 16, 2026 (w) 12.04 1,697 141
IWM CALL 277.0 Nov 16, 2026 (w) 10.66 5,936 557
IWM PUT 271.0 Nov 16, 2026 (w) 10.36 1,895 183
IWM CALL 280.0 Nov 16, 2026 (w) 10.30 11,237 1,091
IWM CALL 276.0 Nov 16, 2026 (w) 8.31 1,721 207
IWM PUT 275.0 Nov 16, 2026 (w) 4.71 8,675 1,842
IWM PUT 276.0 Nov 16, 2026 (w) 4.52 7,738 1,712
IWM PUT 274.0 Nov 16, 2026 (w) 4.50 5,260 1,169
IWM PUT 267.0 Nov 16, 2026 (w) 4.45 854 192
IWM PUT 269.0 Nov 16, 2026 (w) 3.58 930 260
IWM PUT 277.0 Nov 16, 2026 (w) 3.46 7,528 2,177
IWM PUT 273.0 Nov 16, 2026 (w) 3.12 3,452 1,108
IWM PUT 278.0 Nov 16, 2026 (w) 2.69 2,464 917
IWM CALL 281.0 Nov 16, 2026 (w) 2.59 5,135 1,981
IWM CALL 274.0 Nov 16, 2026 (w) 1.93 307 159
IWM CALL 282.0 Nov 16, 2026 (w) 1.88 4,106 2,187
IWM CALL 273.0 Nov 16, 2026 (w) 1.64 164 100
IWM PUT 265.0 Nov 16, 2026 (w) 1.53 887 581
IWM PUT 266.0 Nov 16, 2026 (w) 1.37 842 615
IWM CALL 272.0 Nov 16, 2026 (w) 1.36 185 136
IWM PUT 270.0 Nov 16, 2026 (w) 1.26 5,431 4,311
IWM PUT 262.0 Nov 16, 2026 (w) 1.19 263 221
IWM PUT 252.5 Nov 16, 2026 (w) 1.13 123 109
IWM CALL 283.0 Nov 16, 2026 (w) 1.07 1,518 1,417
IWM PUT 260.0 Nov 16, 2026 (w) 0.84 2,075 2,464
IWM PUT 263.0 Nov 16, 2026 (w) 0.71 137 194
IWM PUT 280.0 Nov 16, 2026 (w) 0.62 727 1,169
IWM CALL 284.0 Nov 16, 2026 (w) 0.48 560 1,157
IWM PUT 279.0 Nov 16, 2026 (w) 0.46 808 1,756
IWM PUT 268.0 Nov 16, 2026 (w) 0.46 1,433 3,142
IWM PUT 281.0 Nov 16, 2026 (w) 0.44 211 483
IWM CALL 285.0 Nov 16, 2026 (w) 0.43 1,919 4,449
IWM PUT 255.0 Nov 16, 2026 (w) 0.41 93 227
IWM PUT 264.0 Nov 16, 2026 (w) 0.23 86 375
IWM PUT 283.0 Nov 16, 2026 (w) 0.21 53 256
IWM CALL 287.0 Nov 16, 2026 (w) 0.19 272 1,427
IWM PUT 282.0 Nov 16, 2026 (w) 0.16 141 871
IWM PUT 261.0 Nov 16, 2026 (w) 0.12 61 508
IWM CALL 288.0 Nov 16, 2026 (w) 0.10 67 660
IWM CALL 286.0 Nov 16, 2026 (w) 0.10 123 1,246
IWM PUT 257.5 Nov 16, 2026 (w) 0.08 18 221
IWM CALL 289.0 Nov 16, 2026 (w) 0.05 28 567
IWM PUT 250.0 Nov 16, 2026 (w) 0.02 12 798
IWM PUT 245.0 Nov 16, 2026 (w) 0.01 3 203
IWM CALL 287.5 Nov 16, 2026 (w) 0.01 13 1,221
IWM CALL 298.0 Nov 16, 2026 (w) 0.01 1 111
IWM CALL 290.0 Nov 16, 2026 (w) 0.01 6 699

IWM Unusual Options FAQ

What makes option activity unusual?

Option activity is usually called unusual when a contract trades much more volume than its open interest, which can mean traders are opening new positions.

Is IWM seeing unusual options activity?

On Nov 13, 2026, IWM options traded 1.52M contracts against 11.24M open, a volume to open interest ratio of 0.14, below its 20-day average. The table above lists the contracts with the highest ratios.

Are IWM traders trading more calls or puts?

Calls made up 34.6% of IWM option volume on Nov 13, 2026, a put/call ratio of 1.89, which signals bearish sentiment. The IWM option volume chart shows calls and puts by strike.

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