Home Options IWMReports

IWM

iShares Russell 2000 ETFClose $292.08EOD only

Max Pain

$293.00

Next expiry Jun 17, 2026

Expected Move

±$3.67

1.3% from close

Price Gap

+0.92

Distance to max pain

IV Rank

High premium

P/C OI

3.20

Slightly put-heavy

Consensus

6.0/10

Range bias

Published snapshot: Jun 16, 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 16, 2026 close

IWM Flow Report

Analysis based on market close June 17, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

8 / 10

base 5; +2 GEX/flow strongly aligned; +0.5 spot 1.1% from MP; +0.5 VIX 18

Watch next session: Break below gamma flip (270); Sustained put dominance

Flow Summary

Net premium: -$269.4M bearish

P/C volume ratio: 2.17

P/C OI ratio: 3.15

Aggressive put buying, net premium -$269M, put/call volume ratio 2.17, GEX -$827M. Spot below MP, gamma trending bearish. Unusual prints show massive front-month put volumes. Downside bias strong.

Notable Prints

IWM 2026-07-10 $281.00 Put

Vol: 11,848

OI: 142

Vol/OI: 83.4x

IV: 24.1%

Notional: ~$4.1M

Intent: Protective put

Read-through: Bearish

IWM 2026-06-17 $292.00 Put

Vol: 83,270

OI: 1,085

Vol/OI: 76.8x

IV: 0.0%

Notional: ~$15.3M

Intent: Speculative

Read-through: Bearish

IWM 2026-06-17 $291.00 Put

Vol: 69,833

OI: 981

Vol/OI: 71.2x

IV: 0.0%

Notional: ~$5.9M

Intent: Speculative

Read-through: Bearish

IWM 2026-06-17 $289.00 Put

Vol: 45,135

OI: 740

Vol/OI: 61.0x

IV: 3.5%

Notional: ~$45K

Intent: Speculative

Read-through: Bearish

IWM 2026-07-10 $276.00 Put

Vol: 16,113

OI: 333

Vol/OI: 48.4x

IV: 25.5%

Notional: ~$3.9M

Intent: Hedge

Read-through: Bearish

Institutional Positioning

Call additions: Minimal; OTM calls at 294/296 with low OI.

Put additions: Concentrated at 292/291/289 Jun and 281 Jul; massive vol/oi ratios.

GEX/DEX consistency: Negative GEX aligns with bearish flow; positive DEX suggests dealer support at lower levels.

OI clusters: Largest put OI at 290 Jun (24.4k) and 292 Jun (10.8k); Jul 281 building.

Hedging evidence: Heavy put buying for protection; call selling caps upside.

Max pain context: Spot $287.8 below MP; pinning possible near 290-292.

Signal vs Noise

~Heavy put volume at 292 Jun is signal: 83k vol vs 1k OI, new bearish positioning.

~Call speculation at 296 Jun is noise: low OI, OTM, likely closing.

~Put buying at 281 Jul is signal: high vol/oi ratio, IV expansion.

Key Conclusions

🐻Institutions aggressively adding puts, betting on further downside.

⚠️Negative gamma and put wall may accelerate moves lower.

↔️DEX positive suggests dealer hedging could provide support near 270.

How to Use These Reports

This flow reflects the market close on June 17, 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.