01 — IWM · BULL PUT SPREADS

Best IWM bull put spreads setups.

Pick how long you want to wait and how much risk you'll take. We score every live strike across the next 3 expirations and surface the top setups — updated hourly.

Small-cap beta exposure with macro-sensitive implied volatility behavior.

Find the best strikes →FREE · 20 ANALYSES/DAY · NO CARD
iShares Russell 2000 ETF
Index ETF
IWM
$284.01+2.2% / 30d
IV rank (1y)
31% · moderate
Option vol
761K /day

02 — Live setups

Suggested strikes

Choose your time horizon and risk band. Every match is scored on return, premium, and probability of profit.

Days to expiration
Probability of profit
Sort by
Top pick · credit spread
$277.5/$272.5 put spread · Dec 4
36 DAYS · 1.4% OTM · 5 WIDE · SELL TO OPEN
Credit
$227
Return
83.15%
PoP
68%
SpreadExpirationCreditReturn ↓PoP
$279 / $274
0.8% OTM · 5 wide
Nov 27
29 days
$169
$1.69 / share
51.06%66%
$278 / $273
1.2% OTM · 5 wide
Dec 4
36 days
$138
$1.38 / share
38.12%67%
$279 / $274
0.8% OTM · 5 wide
Dec 4
36 days
$136
$1.36 / share
37.36%64%
$277 / $272
1.5% OTM · 5 wide
Nov 27
29 days
$135
$1.35 / share
36.99%70%
$280 / $275
0.5% OTM · 5 wide
Dec 4
36 days
$133
$1.33 / share
36.24%62%
$281 / $276
0.1% OTM · 5 wide
Nov 20
22 days
$129
$1.29 / share
34.77%61%
$281 / $276
0.1% OTM · 5 wide
Nov 27
29 days
$128
$1.28 / share
34.41%61%
$280 / $275
0.5% OTM · 5 wide
Nov 27
29 days
$124
$1.24 / share
32.98%63%
$278 / $273
1.2% OTM · 5 wide
Nov 27
29 days
$110
$1.10 / share
28.21%68%
10 of 22 matchesCustomize filters →

03 — Strategy

Bull Put Spreads, plainly explained

Moderately bullish traders who want defined risk and credit-based income.

P&L at expiration · $277.5/$272.5 put spread · 36 DTE

$0+$227−$273$273 LONG$275.23 BE$278 SHORT

Key numbers

Premium collected+$227
Max profit+$227
Max loss−$273
Breakeven$275.23
Spread$277.5 / $272.5
Probability of profit68%
Days to expiration36

When this trade makes sense

Use when

    Avoid when

      Read the full bull put spreads guide →

      05 — RUN IT LIVE

      See the highest chance of profit on IWM.

      Option Agent scans live chains and recommends setups based on current market conditions.

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      Option Agent is not a registered investment advisor, broker-dealer, or financial planner. All analysis, recommendations, and data are for informational and educational purposes only and do not constitute personalized investment advice. Options trading involves substantial risk of loss and is not suitable for all investors. Past probability calculations do not guarantee future results. Consult a qualified financial advisor before making investment decisions.