Home Options IWMReports

IWM

iShares Russell 2000 ETFClose $292.95EOD only

Max Pain

$288.00

Next expiry Jun 15, 2026

Expected Move

±$3.62

1.2% from close

Price Gap

-4.95

Distance to max pain

IV Rank

Middle-high premium

P/C OI

2.72

Slightly put-heavy

Consensus

5.0/10

Bullish tilt

Published snapshot: Jun 12, 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 12, 2026 close

IWM Flow Report

Analysis based on market close June 11, 2026

Directional Theta Gang Flow Earnings Consensus

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

You are viewing an older report from June 11, 2026. A newer flow report is available for June 12, 2026.

View latest report

Flow Verdict

Confidence:

5 / 10

base 5; -1 GEX/flow contradict; +0.5 spot 1.9% from MP; +0.5 VIX 19

Flow Summary

Net premium: +$192.3M bullish

P/C volume ratio: 1.43

P/C OI ratio: 2.72

Spot above MP but heavy put accumulation and negative gamma indicate bearish hedging. Net premium positive from expensive calls, yet put ratios dominate. Expect downside test toward 288 invalidation at 291.

Notable Prints

IWM 2026-06-11 $289.00 Put

Vol: 36,780

OI: 343

Vol/OI: 107.2x

IV: 5.8%

Notional: ~$37K

Intent: Hedge

Read-through: PutBuildup

IWM 2026-06-11 $288.00 Put

Vol: 66,073

OI: 694

Vol/OI: 95.2x

IV: 7.8%

Notional: ~$132K

Intent: Hedge

Read-through: PutBuildup

IWM 2026-06-11 $287.00 Call

Vol: 123,070

OI: 1,578

Vol/OI: 78.0x

IV: 28.6%

Notional: ~$43.4M

Intent: Bullish

Read-through: CallSurge

IWM 2026-06-11 $284.00 Put

Vol: 104,043

OI: 1,357

Vol/OI: 76.7x

IV: 18.4%

Notional: ~$104K

Intent: Hedge

Read-through: PutBuildup

IWM 2026-06-11 $288.00 Call

Vol: 105,243

OI: 1,895

Vol/OI: 55.5x

IV: 24.2%

Notional: ~$27.9M

Intent: Bullish

Read-through: CallVolume

Institutional Positioning

Call additions: Call buying at 287 and 288 strikes with high vol/oi ratio (78x, 55x) indicates upside bets.

Put additions: Put additions at 282-289 strikes, especially 288 and 284 with vol/oi >75x, suggest hedging or bearish positioning.

GEX/DEX consistency: Mixed: GEX -$303.8M (short gamma) vs DEX +233.7M (long delta). Flow contradicts GEX, indicating potential volatility.

OI clusters: OI clusters: 287C/288C calls (1578/1895) and 282-284P puts (1633/1485/1357).

Hedging evidence: Concentrated put buying OTM (282-289) suggests collar or protective put activity.

Max pain context: Spot above MP, likely near 280-285. Heavy put OI below spot pins price near current levels.

Signal vs Noise

~Real signal: high vol/oi at 287C and 284P with significant premium.

~Noise: low-premium OTM puts (<0.02) likely retail flow.

Key Conclusions

🐻Bearish put flow dominates, but spot near MP could limit downside. GEX negative adds risk.

⚡Call buying at 287 suggests bullish sentiment despite puts. Watch for gamma squeeze if spot rises.

How to Use These Reports

This flow reflects the market close on June 11, 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.