IWM Options History — March 2026

In March 2026, IWM traded between $239.38 and $263.61. ATM implied volatility averaged 29.4%, placing in the 37.3% IV rank vs the trailing year. The 30-day expected move averaged 8.3%. IV traded above realized volatility by 6.9% (HV 20d: 22.6%). Max pain ranged from $253.00 to $260.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 1 of 22 days. Put/call ratio averaged 2.01.

Notable Days

  • 2026-03-09: Highest Volume — 2,870,945 contracts
  • 2026-03-20: Largest IV spike — 15.0% change
  • 2026-03-27: Highest IV Rank — 51.8%
  • 2026-03-27: Largest Expected Move — 9.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$250.29$239.38$263.61$263.61$247.79
Max Pain$256.32$253.00$260.00$255.00$253.00
ATM IV29.4%23.9%34.5%23.9%29.8%
Expected Move8.3%7.0%9.9%7.3%8.5%
HV 20d22.6%19.7%28.2%21.4%28.2%
HV 60d19.3%17.2%22.4%17.2%22.4%
IV Rank37.3%21.5%51.8%21.5%38.2%
IV Percentile92.1%74.6%97.6%74.6%90.5%
Term Structure-0.5%-0.8%0.5%0.5%-0.4%
VWIV32.5%28.2%37.5%30.7%34.5%
Skew 25d8.6%7.5%10.5%7.7%8.1%
Skew 10d16.3%14.0%20.3%14.0%15.7%
Call IV 25d25.2%20.7%29.7%20.7%25.6%
Put IV 25d33.8%28.2%38.5%28.4%33.7%
Bid-Ask Spread %1.731.103.811.382.45
Gamma HHI0.050.030.130.030.04
Net GEX-3.11B-5.61B-1.19B-1.49B-1.67B
Net DEX19.50B-4.06B44.06B-2.97B13.91B
Net VEX-308.6M-330.5M-275.4M-285.2M-317.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.011.322.772.321.93
Total Volume2,178,901.5911,600,9782,870,9452,111,3282,052,700
Total OI10,017,431.9558,910,10911,222,1409,472,3479,328,229

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-03-02$263.61$255.0023.9%7.3%21.4%21.5%30.7%7.7%0.5%-1.49B-2.97B-285.2M2.321.38636,0121,475,3162,617,1336,855,214
2026-03-03$259.67$255.0026.0%8.0%21.8%27.4%32.8%8.4%-0.4%-2.54B5.64B-293.2M1.961.21846,1881,655,2282,652,7826,795,698
2026-03-04$262.74$255.0024.1%7.2%22.2%22.0%30.0%7.5%-0.2%-1.29B-4.06B-275.4M1.371.10675,006925,9722,716,6316,825,073
2026-03-05$256.43$260.0026.6%7.4%23.9%29.1%28.2%8.6%-0.5%-3.07B12.17B-292.1M1.411.351,071,0561,509,7702,724,1156,896,038
2026-03-06$250.80$260.0030.1%8.3%24.0%39.1%30.5%10.5%-0.8%-4.02B26.89B-309.7M2.251.99817,7351,842,0852,880,0307,028,005
2026-03-09$253.82$260.0028.4%7.9%20.0%34.3%32.0%8.8%-0.6%-3.48B17.38B-306.1M2.072.06934,1871,936,7582,872,9867,324,693
2026-03-10$253.57$260.0028.5%8.0%19.7%34.5%30.1%9.0%-0.5%-3.48B17.10B-307.9M2.021.59771,0411,560,1912,959,4247,680,376
2026-03-11$252.49$260.0028.5%8.0%19.7%34.5%30.4%8.6%-0.4%-3.57B18.97B-309.6M1.521.41764,0031,159,1952,956,3047,688,844
2026-03-12$247.55$260.0031.1%7.0%20.6%42.1%31.0%8.7%-0.7%-4.37B31.83B-318.6M2.141.54756,3431,617,3493,032,1367,739,296
2026-03-13$245.88$259.0031.6%8.1%19.8%43.6%32.4%8.7%-0.7%-4.74B34.00B-312.9M1.771.77733,6011,296,5663,131,3237,832,168
2026-03-16$248.92$258.0028.2%8.1%20.0%33.8%29.5%8.4%-0.5%-3.39B22.47B-304.8M1.321.481,105,1571,462,0473,068,2677,744,487
2026-03-17$250.13$256.0026.7%7.7%20.1%29.3%29.6%8.2%-0.4%-3.40B20.26B-297.2M2.311.54497,9281,150,2562,928,8517,687,151
2026-03-18$246.31$256.0028.7%8.2%20.5%35.2%31.2%8.4%-0.5%-4.34B29.62B-305.1M2.771.42485,6631,347,0772,957,2687,659,358
2026-03-19$247.77$255.0028.5%8.2%20.7%34.6%31.5%8.2%-0.5%-4.26B24.85B-311.2M1.883.81888,7801,668,3472,997,0307,865,018
2026-03-20$240.91$255.0032.8%9.4%22.4%46.9%34.5%8.6%-0.8%-5.61B44.06B-317.8M2.172.71745,1781,620,1613,145,4778,076,663
2026-03-23$248.82$254.0030.1%8.6%25.5%39.2%33.0%8.6%-0.4%-1.44B11.86B-313.9M1.661.39752,7371,249,3122,541,5956,368,514
2026-03-24$248.94$254.0031.7%9.1%25.0%43.9%36.7%9.2%-0.6%-1.43B11.93B-317.8M2.381.54633,1841,505,8852,603,9816,437,238
2026-03-25$250.99$254.0030.6%8.8%25.2%40.6%34.4%8.7%-0.3%-1.19B9.12B-316.6M2.721.41524,8761,426,5622,624,7126,608,970
2026-03-26$247.20$254.0033.0%9.5%25.3%47.6%36.4%9.0%-0.6%-2.80B19.30B-326.1M2.111.51623,1011,315,8732,652,8856,761,021
2026-03-27$242.63$253.0034.5%9.9%25.3%51.8%37.2%8.9%-0.4%-3.69B31.93B-330.5M2.291.90617,8391,412,1802,704,2447,010,032
2026-03-30$239.38$253.0034.0%9.8%24.9%50.5%37.5%8.3%-0.5%-3.26B32.75B-321.9M1.791.47668,7001,198,6902,755,5006,648,743
2026-03-31$247.79$253.0029.8%8.5%28.2%38.2%34.5%8.1%-0.4%-1.67B13.91B-317.0M1.932.45700,7381,351,9622,659,0306,669,199