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IWM Options Chain by Expiration – Open Interest & Put/Call Ratio

Explore the IWM options chain aggregated by expiration date, with call and put open interest, total OI and put/call ratios. Use this overview to spot where options positioning is most concentrated and which expirations carry bullish, bearish or neutral sentiment for IWM.

Market Sentiment from IWM Options by Expiration Date

The table below aggregates IWM options data by expiration date, including call volume, put volume, total open interest and the put/call ratio. Each row is assigned a sentiment label and numerical sentiment score, highlighting expirations where positioning is extremely bullish, defensive or balanced. Click on an expiration date to drill down into the detailed options chain for that maturity.

Expiration Date Call OI Put OI Total Open Interest Put/Call Ratio
2026-03-25 46919 135461 182380 2.887
2026-03-26 17983 33041 51024 1.837
2026-03-27 122799 442496 565295 3.603
2026-03-30 73304 30812 104116 0.420
2026-03-31 104751 222324 327075 2.122
2026-04-01 14576 6935 21511 0.476
2026-04-02 85696 236108 321804 2.755
2026-04-10 46116 93880 139996 2.036
2026-04-17 394169 1043877 1438046 2.648
2026-04-24 36558 23318 59876 0.638
2026-05-01 7979 15645 23624 1.961
2026-05-15 160326 357322 517648 2.229
2026-06-18 532045 1148741 1680786 2.159
2026-06-30 25001 79106 104107 3.164
2026-08-21 55561 129911 185472 2.338
2026-09-18 236298 476886 713184 2.018
2026-09-30 13342 16791 30133 1.259
2026-11-20 1013 1418 2431 1.400
2026-12-18 346593 959062 1305655 2.767
2026-12-31 11936 21122 33058 1.770
2027-01-15 118251 304190 422441 2.572
2027-03-19 19700 42847 62547 2.175
2027-06-17 50708 230232 280940 4.540
2027-09-17 4786 88369 93155 18.464
2027-12-17 68091 334454 402545 4.912
2028-01-21 20087 71561 91648 3.563
2028-12-15 5629 57686 63315 10.248

How the Options Sentiment Score Is Calculated

This sentiment framework evaluates market bias for IWM based on aggregated options data by expiration date. The key metrics are:

  • Put/Call Ratio (PCR): Compares put and call activity. A higher PCR usually indicates more defensive or bearish positioning, while a lower PCR suggests bullish call demand.
  • Open Interest (OI): Represents the number of outstanding option contracts. Higher open interest reflects strong market attention, hedging activity or speculative positioning around IWM.
  • Unusual activity ⚠️: Expirations with extreme PCR or unusually high OI are flagged with a warning icon, signaling concentrated bets, hedging pressure or potential event-driven risk.

The sentiment score combines PCR and OI into a 0–100 scale, then classifies each expiration into intuitive labels such as Strong Bullish, Moderate Bullish, Neutral, Moderate Bearish, Strong Bearish. Higher scores reflect more aggressive bullish positioning in IWM options, while lower scores highlight more defensive or bearish structures.