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IWM

iShares Russell 2000 ETFClose $297.58EOD only
Max Pain
$300.00
Next expiry Jul 6, 2026
Expected Move
±$2.81
0.9% from close
Price Gap
+2.42
Distance to max pain
IV Rank
0
Low premium
P/C OI
2.71
Slightly put-heavy
Consensus
5.5/10
Bearish tilt
Published snapshot: Jul 2, 2026 close
End-of-day snapshot

This page reflects IWM options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot
Jul 2, 2026 close
Max Pain — IWM
Data as of market close Jul 2, 2026
Open Directional Report

Nearest listed expiration 2026-07-06 shows max pain at $300.00 (2.42 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike
$300.00
Nearest expiry
Expected Move
±$2.81
±0.9%
Days to Expiry
4
Calendar days
Total Call OI
22,090
Nearest expiry
Total Put OI
40,828
Nearest expiry
P/C OI Ratio
1.85
Put-heavy
Spot Price
$297.58
Published close
Consensus
5.5/10
Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration
Selected: 2026-07-06
ExpirationMax Pain StrikeLast Updated
2026-07-01$297.007/1/2026, 11:21:18 PM
2026-07-02$297.007/2/2026, 11:19:28 PM
2026-07-06NextUpdated$300.007/3/2026, 11:17:01 PM
2026-07-07$299.007/3/2026, 11:17:01 PM
2026-07-08$300.007/3/2026, 11:17:01 PM
2026-07-09$300.007/3/2026, 11:17:01 PM
2026-07-10$297.007/3/2026, 11:17:01 PM
2026-07-17$290.007/3/2026, 11:17:01 PM
2026-07-24$290.007/3/2026, 11:17:01 PM
2026-07-31$297.007/3/2026, 11:17:01 PM
2026-08-07$298.007/3/2026, 11:17:01 PM
2026-08-21$290.007/3/2026, 11:17:01 PM
2026-09-18$270.007/3/2026, 11:17:01 PM
2026-09-30$280.007/3/2026, 11:17:01 PM
2026-10-16$290.007/3/2026, 11:17:01 PM
2026-11-20$285.007/3/2026, 11:17:01 PM
2026-12-18$260.007/3/2026, 11:17:01 PM
2026-12-31$290.007/3/2026, 11:17:01 PM
2027-01-15$290.007/3/2026, 11:17:01 PM
2027-02-19$300.007/3/2026, 11:17:01 PM
2027-03-19$285.007/3/2026, 11:17:01 PM
2027-03-31$285.007/3/2026, 11:17:01 PM
2027-04-16$295.007/3/2026, 11:17:01 PM
2027-06-17$280.007/3/2026, 11:17:01 PM
Selected expiration: 2026-07-06 at max pain $300.00.
IWM pain by strike for 2026-07-06 expiration
StrikeCall PainPut PainTotal Pain
1800442821250442821250
1901000401993250401994250
2002000361167250361169250
2104000320341250320345250
2155000299933750299938750
2257000259124750259131750
24011500197911250197922750
24513000177519250177532250
25014500157204750157219250
25516000137005250137021250
26017500116814250116831750
26117900112777750112795650
26218300108742950108761250
26419100100674950100694050
265195009664465096664150
266199009261925092639150
267203008859475088615050
268207008457065084591350
269211008054825080569350
270215007652805076549550
How to Read Max Pain
Compare pin-risk and strike-pressure across expirations from the latest published close.
What max pain measures

Max pain is the strike where option holders would collectively lose the most at expiration, based on open interest across the listed chain.

How traders use it

It is most useful as a possible pinning zone, especially when spot is already trading near a crowded strike into expiration.

What can break it

Strong directional flows, news, or fast spot moves can overwhelm any pinning tendency, so max pain should support a thesis rather than drive it alone.

The closer you are to expiration, the more useful this becomes as context and the less useful it is as a standalone prediction.