iShares Russell 2000 ETF (IWM)
AMEX: IWM
· Real-Time Price · USD
225.99
0.58 (0.26%)
At close: Aug 21, 2025, 3:59 PM
226.58
0.26%
After-hours: Aug 21, 2025, 07:59 PM EDT
IWM Delta Exposure By Expiry
The total Delta Exposure (DEX) for IWM across all expirations shows 35,596,923.34 net shares that market makers must hedge, with 311,076,816.05 from calls and 275,479,892.71 from puts. The put-call delta ratio of 0.89 suggests neutral market maker positioning. The largest delta concentration at Dec 19, 25 with 25,239,863.66 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Aug 25, 25 carries negative delta forcing market makers to buy shares, potentially providing support.
IWM DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Aug 25, 25 | 411,136.34 | -1,591,148.86 | -1,180,012.52 | 3.87 |
| Aug 26, 25 | 324,483.52 | -371,166.88 | -46,683.36 | 1.14 |
| Aug 27, 25 | 178,504.67 | -297,816.01 | -119,311.34 | 1.67 |
| Aug 28, 25 | 278,971.42 | -121,752.33 | 157,219.09 | 0.44 |
| Aug 29, 25 | 7,548,244.44 | -9,661,603.26 | -2,113,358.82 | 1.28 |
| Sep 2, 25 | 62,094.56 | -166,370.06 | -104,275.5 | 2.68 |
| Sep 3, 25 | 8,678.51 | -10,860.52 | -2,182.01 | 1.25 |
| Sep 5, 25 | 1,864,093.52 | -2,232,560.61 | -368,467.09 | 1.20 |
| Sep 12, 25 | 3,372,500.98 | -1,364,743.56 | 2,007,757.42 | 0.40 |
| Sep 19, 25 | 86,285,185.74 | -86,017,211.53 | 267,974.21 | 1.00 |
| Sep 26, 25 | 695,245.7 | -1,370,635.99 | -675,390.29 | 1.97 |
| Sep 30, 25 | 9,679,675.8 | -7,123,474.16 | 2,556,201.64 | 0.74 |
| Oct 17, 25 | 21,881,209.39 | -19,610,080.62 | 2,271,128.77 | 0.90 |
| Nov 21, 25 | 7,433,470.89 | -5,991,443.64 | 1,442,027.25 | 0.81 |
| Dec 19, 25 | 69,215,713.3 | -43,975,849.64 | 25,239,863.66 | 0.64 |
| Dec 31, 25 | 2,045,539.23 | -611,140.44 | 1,434,398.79 | 0.30 |
| Jan 16, 26 | 22,744,193.28 | -14,757,189.9 | 7,987,003.38 | 0.65 |
| Feb 20, 26 | 582,074.64 | -3,194,558.08 | -2,612,483.44 | 5.49 |
| Mar 20, 26 | 22,819,371.98 | -19,042,180.27 | 3,777,191.71 | 0.83 |
| Mar 31, 26 | 1,377,732.47 | -146,355.09 | 1,231,377.38 | 0.11 |