Long Call Butterflies for Pinning
Call Butterfly90 trades pass on IWM
- Return on risk
- 143.9% to 1,000%+
- Probability of profit
- 5.3% to 62.8%
ETFETF
As of the close on . In the app, data is refreshed intraday.
IWM closed at $280.02 on Sep 28, 2026 with 30-day implied volatility of 19.3%. That is near the bottom of its one-year range (IV rank 18), so options on IWM are cheap compared with its own recent history. Measured by IV percentile, IV is higher than 27% of the past year's readings. Options expiring Oct 30 (32 days out) price a one standard deviation move of about $16.10, or 5.7%.
The price is above its 200-day moving average (+1.6%) but below its 50-day (-4.6%), a pullback inside a longer uptrend. It is 8.2% below its 52-week high and 22.2% above its 52-week low. The 14-day RSI of 32.5 is between 30 and 70, neither overbought nor oversold. The 14-day average true range is $3.51, about 1.3% of the price, a measure of a typical day's range.
Option volume at the close (1.24M contracts) was 1.0x its average, close to normal. A beta of 1.18 means IWM has tended to move about 1.2 times as much as the broad market. 3 of our preset screens found trades on IWM at the close, led by Long Call Butterflies for Pinning with 90 trades.
Expected move = price x at-the-money IV x the square root of (days to expiration / 365), a one standard deviation range. The straddle is the at-the-money call plus put, the market's own price for a move. Compare expected moves across stocks.
| Expiration | IV | Expected move | 1 SD range | Straddle |
|---|---|---|---|---|
| Sep 30, 20262 days | 20.5% | ±$4.25 (1.5%) | $275.77 to $284.27 | $3.39 |
| Oct 30, 202632 days | 19.4% | ±$16.10 (5.7%) | $263.92 to $296.12 | $12.85 |
| Nov 20, 202653 days | 19.7% | ±$21.05 (7.5%) | $258.97 to $301.07 | $16.80 |
| Dec 31, 202694 days | 19.5% | ±$27.64 (9.9%) | $252.38 to $307.66 | $22.07 |
Each expiration has its own implied volatility, and short-dated IV reacts more to near-term events, so the nearest expiration can differ a lot from the 30-day figure.
Counts and ranges for IWM from our preset scans at the last close. Open a preset in the app to see each trade with its strikes, prices, and risk, refreshed intraday. Income strategies show annualized return; the rest show return on risk.
90 trades pass on IWM
55 trades pass on IWM
16 trades pass on IWM
Market data as of the prior close, for information and education only. Not investment advice. Options involve substantial risk and are not suitable for every investor. See our Terms of Service.