Home Options IWMReports

IWM

iShares Russell 2000 ETFClose $285.02EOD only

Max Pain

$287.00

Next expiry Jun 10, 2026

Expected Move

±$4.04

1.4% from close

Price Gap

+1.98

Distance to max pain

IV Rank

Middle-high premium

P/C OI

2.74

Slightly put-heavy

Consensus

8.5/10

Bearish tilt

Published snapshot: Jun 9, 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

Jun 9, 2026 close

IWM Flow Report

Analysis based on market close June 10, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

7.5 / 10

base 5; +2 GEX/flow strongly aligned; +0.5 spot 1.0% from MP

Watch next session: Monitor put flow persistence; Reaction at gamma flip level 276

Flow Summary

Net premium: -$441.7M bearish

P/C volume ratio: 1.67

P/C OI ratio: 2.70

Heavy put volume (45k contracts) on SPX 5550 strike concentrated in first hour, below gamma flip at 560, confirms bearish bias.

Notable Prints

IWM 2026-06-10 $283.00 Put

Vol: 142,757

OI: 1,788

Vol/OI: 79.8x

IV: 12.7%

Notional: ~$17.1M

Intent: Bearish position opening

Read-through: Direct downside bet

IWM 2026-06-10 $284.00 Put

Vol: 143,039

OI: 2,551

Vol/OI: 56.1x

IV: 18.8%

Notional: ~$33.3M

Intent: Bearish hedge

Read-through: Strong put buying

IWM 2026-06-10 $286.00 Put

Vol: 52,826

OI: 1,220

Vol/OI: 43.3x

IV: 34.3%

Notional: ~$19.3M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

IWM 2026-06-10 $282.00 Put

Vol: 118,542

OI: 2,984

Vol/OI: 39.7x

IV: 6.7%

Notional: ~$3.9M

Intent: Speculative put buying

Read-through: Deep OTM bearish

IWM 2026-06-11 $289.00 Call

Vol: 14,668

OI: 469

Vol/OI: 31.3x

IV: 24.0%

Notional: ~$279K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Minimal; scattered OTM calls (289,288) low OI

Put additions: Heavy; concentrated 282-286 strikes, massive volume vs OI

GEX/DEX consistency: Divergent: negative GEX (-$1B) vs positive DEX (+262M shares)

OI clusters: Put OI cluster 282-286 (128.6k contracts)

Hedging evidence: Large put buys likely hedging or bearish positioning

Max pain context: Spot below MP; pinning ~$285 area

Signal vs Noise

~Heavy put flow at 282-286 strikes (signal)

~High put/call ratios (volume 1.67, OI 2.70) (signal)

~Negative net premium -$442M (signal)

~Scattered low-OI call prints (noise)

~VIX 22.2 but not extreme (noise)

Key Conclusions

📉Massive put buying at 282-286; bearish flow dominates

⚠️GEX/DEX divergence suggests complex hedging

🎯OI cluster 282-286 acts as magnet; spot likely drifts there

How to Use These Reports

This flow reflects the market close on June 10, 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.