iShares Russell 2000 ETF (IWM) Volatility Skew

Implied volatility skew shows how IV varies across strike prices for a given expiration. Steeper skews indicate higher demand for downside protection relative to upside speculation.

Snapshot as of Apr 21, 2026.

Spot Price

$274.08

ATM IV

25.2%

IV Skew 25Δ

0.06

As of Apr 21, 2026, iShares Russell 2000 ETF (IWM) at-the-money implied volatility is 25.2%. The 25-delta skew is +0.063 — calls carry premium over puts, indicating upside speculation or squeeze risk. High IV rank typically favors premium-selling strategies; low IV rank favors premium-buying.