IWM Options History — April 2026

In April 2026, IWM traded between $250.16 and $277.13. ATM implied volatility averaged 24.6%, placing in the 28.9% IV rank vs the trailing year. The 30-day expected move averaged 7.1%. IV traded below realized volatility by 1.7% (HV 20d: 26.3%). Max pain ranged from $253.00 to $265.00. Net GEX was positive for 6 of 13 trading days. Term structure was in contango for 0 of 13 days. Put/call ratio averaged 1.85.

Notable Days

2026-04-08: Highest Volume — 2,245,221 contracts
2026-04-08: Largest IV drop — 16.8% change
2026-04-21: Highest IV Rank — 48.3%
2026-04-07: Largest Expected Move — 8.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$263.57	$250.16	$277.13	$250.16	$274.08
Max Pain	$257.00	$253.00	$265.00	$253.00	$265.00
ATM IV	24.6%	21.5%	29.9%	29.0%	25.2%
Expected Move	7.1%	6.2%	8.6%	8.3%	7.2%
HV 20d	26.3%	23.6%	28.1%	28.1%	23.6%
HV 60d	22.6%	22.0%	23.1%	22.2%	22.9%
IV Rank	28.9%	16.6%	48.3%	36.0%	48.3%
IV Percentile	69.6%	46.4%	90.5%	90.1%	82.5%
Term Structure	-0.3%	-0.8%	-0.1%	-0.3%	-0.7%
VWIV	27.4%	22.8%	33.5%	32.7%	28.9%
Skew 25d	6.4%	4.0%	9.2%	8.4%	6.3%
Skew 10d	12.1%	8.0%	17.1%	16.1%	12.3%
Call IV 25d	21.7%	19.6%	25.2%	24.5%	22.4%
Put IV 25d	28.1%	24.2%	34.4%	32.9%	28.7%
Bid-Ask Spread %	1.78	1.10	3.58	2.26	3.58
Gamma HHI	0.04	0.03	0.10	0.03	0.03
Net GEX	-217.7M	-1.66B	1.33B	-1.25B	-745.3M
Net DEX	-7.63B	-26.76B	11.05B	10.44B	-12.10B
Net VEX	-296.1M	-317.6M	-280.4M	-317.1M	-303.7M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.85	1.10	2.70	2.20	1.76
Total Volume	1,613,724.923	1,149,106	2,245,221	1,775,431	1,960,973
Total OI	9,478,153.154	8,865,173	10,388,163	9,124,881	8,940,301

Daily Data (13 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2026-04-01	$250.16	$253.00	29.0%	8.3%	28.1%	36.0%	32.7%	8.4%	-0.3%	-1.25B	10.44B	-317.1M	2.20	2.26	555,299	1,220,132	2,583,301	6,541,580
2026-04-02	$250.69	$254.00	28.4%	8.1%	26.9%	34.2%	30.6%	8.3%	-0.2%	-1.66B	11.05B	-317.6M	2.26	1.76	484,145	1,091,883	2,592,774	6,754,484
2026-04-06	$252.70	$254.00	27.6%	7.9%	25.9%	32.0%	30.9%	8.1%	-0.5%	-1.08B	6.88B	-306.0M	2.21	1.43	409,986	904,020	2,520,536	6,593,865
2026-04-07	$252.72	$254.00	29.9%	8.6%	25.5%	38.7%	33.5%	9.2%	-0.8%	-1.57B	9.44B	-312.2M	2.20	2.61	508,315	1,117,125	2,510,393	6,705,160
2026-04-08	$259.94	$254.00	24.9%	7.1%	27.4%	24.2%	27.4%	7.3%	-0.2%	-138.0M	-5.43B	-298.6M	2.70	1.49	606,012	1,639,209	2,564,869	6,924,743
2026-04-10	$261.18	$255.00	23.1%	6.6%	27.4%	19.0%	25.9%	6.2%	-0.1%	-521.4M	-6.31B	-293.4M	1.87	1.64	402,547	752,201	2,636,055	7,051,251
2026-04-13	$264.81	$255.00	22.3%	6.4%	26.5%	16.6%	25.7%	5.8%	-0.2%	474.9M	-12.41B	-283.2M	1.50	1.19	599,520	901,898	2,619,836	6,961,147
2026-04-14	$268.52	$255.00	21.5%	6.2%	26.4%	18.3%	22.8%	4.9%	-0.2%	852.0M	-17.94B	-280.4M	1.10	1.28	747,936	825,183	2,626,833	7,043,216
2026-04-15	$268.95	$258.00	21.7%	6.2%	26.3%	18.9%	24.6%	4.8%	-0.2%	611.4M	-17.65B	-282.6M	1.39	1.10	481,086	668,020	2,656,053	7,170,416
2026-04-16	$269.92	$260.00	21.7%	6.2%	26.3%	24.1%	24.6%	5.0%	-0.2%	782.2M	-18.17B	-285.4M	1.86	1.25	559,921	1,041,926	2,678,388	7,287,454
2026-04-17	$275.67	$261.00	21.6%	6.2%	25.9%	28.6%	23.6%	4.0%	-0.2%	1.33B	-26.76B	-283.3M	1.45	2.01	878,868	1,276,628	2,723,672	7,664,491
2026-04-20	$277.13	$263.00	23.0%	6.6%	25.9%	36.2%	25.2%	4.7%	-0.4%	74.0M	-20.17B	-285.3M	1.54	1.48	528,913	816,678	2,458,388	6,406,785
2026-04-21	$274.08	$265.00	25.2%	7.2%	23.6%	48.3%	28.9%	6.3%	-0.7%	-745.3M	-12.10B	-303.7M	1.76	3.58	711,259	1,249,714	2,500,799	6,439,502