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IWM

iShares Russell 2000 ETFClose $282.67EOD only

Max Pain

$281.00

Next expiry May 14, 2026

Expected Move

±$2.50

0.9% from close

Price Gap

-1.67

Distance to max pain

IV Rank

Middle-high premium

P/C OI

2.72

Slightly put-heavy

Consensus

7.0/10

Bullish tilt

Published snapshot: May 13, 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

May 13, 2026 close

IWM Flow Report

Analysis based on market close May 14, 2026

Directional Theta Gang Flow Earnings Consensus

Historical consensus-supported lens with full content, report chain context, and metric rail.

Flow Verdict

Confidence:

9 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 spot 0.9% from MP; +1 VIX 17

Watch next session: Monitor OI changes; Price action

Flow Summary

Net premium: +$8.3M bullish

P/C volume ratio: 1.28

P/C OI ratio: 2.77

IWM: 200K call OI vs 180K put OI. Max pain near 200. Low VIX. Mixed sentiment, pinning expected.

Notable Prints

IWM 2026-05-14 $284.00 Put

Vol: 67,149

OI: 362

Vol/OI: 185.5x

IV: 2.5%

Notional: ~$67K

Intent: Bearish speculation

Dual read: May hedge long calls

Read-through: Extreme vol/oi signals downside bet

IWM 2026-05-14 $285.00 Put

Vol: 23,221

OI: 336

Vol/OI: 69.1x

IV: 11.1%

Notional: ~$1.4M

Intent: Bearish bet

Dual read: Part of spread

Read-through: Adds to put pressure

IWM 2026-05-14 $286.00 Call

Vol: 88,715

OI: 1,472

Vol/OI: 60.3x

IV: 5.5%

Notional: ~$89K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

IWM 2026-05-14 $283.00 Put

Vol: 58,807

OI: 1,745

Vol/OI: 33.7x

IV: 5.3%

Notional: ~$59K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

IWM 2026-05-14 $285.00 Call

Vol: 159,462

OI: 5,432

Vol/OI: 29.4x

IV: 2.4%

Notional: ~$159K

Intent: Bullish speculation

Dual read: Gamma hedge

Read-through: Pinning candidate at 285

Institutional Positioning

Call additions: Concentrated at 284-285 calls near expiry

Put additions: Heavy at 285P and 284P, plus June 260P

GEX/DEX consistency: Both positive, consistent with gamma pinning

OI clusters: Call OI at 284-285, put OI heavy below 284

Hedging evidence: Large put buying at 284-285 suggests hedging

Max pain context: Spot near MP~284.5, dealer gamma supports pinning

Signal vs Noise

~High volume 284P/286C at $0.01 likely closing

~285P volume at $0.61 is real bearish flow

~Net premium +8.3M with put/call volume ratio 1.28 indicates balanced session

Key Conclusions

🐻Heavy put buying at 285P signals institutional hedging or bearish bet

📌Positive GEX and DEX support pinning to max pain near $284

⚖️Net premium positive but put/call ratio elevated suggests cautious positioning

How to Use These Reports

This flow reflects the market close on May 14, 2026.

What the reports do

Each report translates the same market-close options snapshot into a specific lens such as directional bias, premium-selling posture, flow quality, or earnings setup.

How traders use them

Reports are most useful for narrowing the playbook, surfacing entry and risk context, and deciding which raw data page to inspect next.

What to remember

These are interpretation layers, not execution guarantees. Validate the setup against chain liquidity, expected move, and exposure before sizing risk.

If the report conviction and the raw data disagree, slow down and resolve the mismatch before sizing risk.