01 — IWM · BEAR CALL SPREADS

Best IWM bear call 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
$279.33+0.5% / 30d
IV rank (1y)
36.8% · moderate
Option vol
183K /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
$285/$290 call spread · Dec 4
34 DAYS · 2.0% OTM · 5 WIDE · SELL TO OPEN
Credit
$180
Return
56.25%
PoP
60%
SpreadExpirationCreditReturn ↓PoP
$285 / $290
2.0% OTM · 5 wide
Nov 27
27 days
$175
$1.75 / share
53.85%62%
$287 / $292
2.8% OTM · 5 wide
Nov 27
27 days
$173
$1.73 / share
52.91%68%
$286 / $291
2.4% OTM · 5 wide
Nov 27
27 days
$156
$1.56 / share
45.35%65%
$287.5 / $292.5
2.9% OTM · 5 wide
Dec 4
34 days
$141
$1.41 / share
39.28%66%
$287.5 / $292.5
2.9% OTM · 5 wide
Nov 27
27 days
$137
$1.37 / share
37.74%69%
$286 / $291
2.4% OTM · 5 wide
Dec 4
34 days
$134
$1.34 / share
36.61%63%
$287 / $292
2.8% OTM · 5 wide
Dec 4
34 days
$134
$1.34 / share
36.61%65%
$288 / $293
3.1% OTM · 5 wide
Dec 4
34 days
$132
$1.32 / share
35.87%68%
$289 / $294
3.5% OTM · 5 wide
Dec 4
34 days
$131
$1.31 / share
35.5%70%
10 of 14 matchesCustomize filters →

03 — Strategy

Bear Call Spreads, plainly explained

Moderately bearish or neutral traders seeking defined-risk credit income.

P&L at expiration · $285/$290 call spread · 34 DTE

$0+$180−$320$290 LONG$286.80 BE$285 SHORT

Key numbers

Premium collected+$180
Max profit+$180
Max loss−$320
Breakeven$286.80
Spread$285 / $290
Probability of profit60%
Days to expiration34

When this trade makes sense

Use when

    Avoid when

      Read the full bear call spreads guide →

      05 — RUN IT LIVE

      See the highest chance of profit on IWM.

      Alpha Hawk scans live chains and recommends setups based on current market conditions.

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