Russell 2000 ETF options
Russell 2000 ETF trades at 273.75; 30-day implied volatility is 22.6%, and the market prices a ±3.13% expected move into the 2026-11-13 expiry, 6 days out.
Cheap or dear right now
- Slightly cheap: IV30 sits 1.1 points below 20-day realised volatility.
- Over the next 6 days (expiring 2026-11-13) the market prices a one-standard-deviation move of ±3.13%, about 8.57 points.
- Skew 3.7: puts are pricier than calls, so the market is paying up for downside protection.
- Put/call volume ratio 1.23: put volume clearly outnumbers calls.
Pricing across strikes
2026-11-13 expiry (6 days), spot 273.75. The further apart the two lines, the bigger the skew.
Implied volatility by expiry
Near-dated IV above far-dated (inverted) points to short-term event risk; the reverse suggests calm now and more movement later.
Where the open interest sits
Bar height is open interest; max pain is the strike that minimises the total value of expiring options.
2026-11-13 expiry, five strikes either side of the money
IV is the implied volatility at that strike; OI is open interest.
| Call OI | Call IV | Strike | Put IV | Put OI |
|---|---|---|---|---|
| 163 | 26.8% | 269 | 26.9% | 516 |
| 435 | 26.2% | 270 | 26.4% | 10,015 |
| 304 | 25.7% | 271 | 25.9% | 789 |
| 236 | 25.0% | 272 | 25.1% | 532 |
| 255 | 24.8% | 273 | 24.9% | 6,395 |
| 1,128 | 24.3% | 274 ATM | 24.5% | 667 |
| 2,257 | 23.9% | 275 | 24.1% | 6,431 |
| 1,118 | 23.5% | 276 | 23.6% | 11,094 |
| 936 | 23.0% | 277 | 23.2% | 1,648 |
| 1,019 | 22.6% | 278 | 22.7% | 4,523 |
| 1,120 | 22.1% | 279 | 22.3% | 803 |
FAQ
Is the expected move a guarantee?
No. It is a one-standard-deviation move implied by at-the-money option prices — the market's current price for movement, not a forecast or a guarantee.
Why is IV rank empty?
IV rank needs a year of IV30 history. Our database records IV30 once a day and shows a value after 20 trading days; until then the page shows collection progress.
What does a positive skew mean?
25-delta puts carry a higher implied volatility than calls at the same expiry, so the market is paying more for downside protection — typical when hedging demand rises.
Can I trade straight off this page?
No. This is volatility and pricing information, not a buy or sell signal.
Data from CBOE delayed quotes (about 15 minutes behind), for information only and not investment advice. Options carry high risk and can lose the entire premium.