Public delayed snapshot · educational
IWM IV smile today (delayed)
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Updated 2026-08-27T21:43:43Z
IWM last printed 296.01, below its 296.67 gamma flip.
The put wall is 0.68% below spot and the call wall 0.33% above, so open interest is stacked closer to the calls side with the chain reading neg_gamma.
These are delayed, educational levels for IWM — a picture of where options open interest is stacked, not a trade signal and not a forecast.
Read: how walls work · what the gamma flip means · all delayed levels
The IV smile / skew shows whether put or call wings are bid versus ATM. A fat put wing is a fear bid; it is context for the rails, not a standalone short or long. Delayed public print only.
Not investment advice. Delayed public data only.