Home Options IWMReports

IWM

iShares Russell 2000 ETFClose $294.64EOD only

Max Pain

$290.00

Next expiry Jun 16, 2026

Expected Move

±$2.48

0.8% from close

Price Gap

-4.64

Distance to max pain

IV Rank

High premium

P/C OI

3.16

Slightly put-heavy

Consensus

4.0/10

Range bias

Published snapshot: Jun 15, 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 15, 2026 close

IWM Flow Report

Analysis based on market close June 16, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

6 / 10

base 5; -1 GEX/flow contradict; +1 spot 0.7% from MP; +1 VIX 16

Watch next session: Gamma flip at 290; Put volume ratio at open; Spot vs 294

Flow Summary

Net premium: +$208.8M bullish

P/C volume ratio: 1.42

P/C OI ratio: 3.20

Heavy put skew and negative gamma indicate bearish positioning. Large unusual put prints at 292-295 suggest speculative downside bets. Market decline amplifies dealer hedging. Bias remains bearish unless spot clears 294 resistance.

Notable Prints

IWM 2026-06-16 $292.00 Put

Vol: 97,875

OI: 1,470

Vol/OI: 66.6x

IV: 7.0%

Notional: ~$3.4M

Intent: Bearish hedge or speculation

Dual read: May be part of spread

Read-through: Significant new put activity at ATM level

IWM 2026-06-16 $293.00 Put

Vol: 179,724

OI: 2,785

Vol/OI: 64.5x

IV: 14.1%

Notional: ~$23.9M

Intent: Bearish bet on further decline

Read-through: Heavy volume opening OTM puts

IWM 2026-06-16 $294.00 Call

Vol: 122,246

OI: 2,295

Vol/OI: 53.3x

IV: 6.4%

Notional: ~$244K

Intent: Speculative cheap call

Dual read: Could be closing small positions

Read-through: Low premium suggests lottery-like bets

IWM 2026-06-16 $297.50 Call

Vol: 30,430

OI: 681

Vol/OI: 44.7x

IV: 15.6%

Notional: ~$30K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

IWM 2026-06-16 $293.00 Call

Vol: 46,540

OI: 1,082

Vol/OI: 43.0x

IV: 3.5%

Notional: ~$47K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Lotto calls at 294 and 297.5 with low IV

Put additions: Massive put buying at 292-296 strikes

GEX/DEX consistency: Consistent: negative GEX, positive DEX from dealer short puts

OI clusters: OI cluster near 290 gamma flip; put concentration at 292-296

Hedging evidence: Heavy put buying suggests downside hedging or bearish bets

Max pain context: Spot at max pain; pinning expected

Signal vs Noise

~High vol/OI put prints signal institutional hedging

~Low IV, low price calls are noise

Key Conclusions

⚠️Heavy put flow signals bearish positioning or hedging

📌Spot near max pain suggests pinning action

How to Use These Reports

This flow reflects the market close on June 16, 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.