Home Options IWMReports

IWM

iShares Russell 2000 ETFClose $301.56EOD only

Max Pain

$298.00

Next expiry Aug 10, 2026

Expected Move

±$0.77

0.3% from close

Price Gap

-3.56

Distance to max pain

IV Rank

Low premium

P/C OI

2.52

Slightly put-heavy

Consensus

5.5/10

Bearish tilt

Published snapshot: Aug 7, 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

Aug 7, 2026 close

IWM Flow Report

Analysis based on market close June 24, 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 24, 2026. A newer flow report is available for June 29, 2026.

View latest report

Flow Verdict

Confidence:

8.5 / 10

base 5; +2 GEX/flow strongly aligned; +1 spot 0.6% from MP; +0.5 VIX 19

Watch next session: 295; 297; 301

Flow Summary

Net premium: -$18.5M bearish

P/C volume ratio: 1.53

P/C OI ratio: 2.69

Bearish bias, resistance at 301. Key level: 297 breakdown confirms.

Notable Prints

IWM 2026-06-24 $299.00 Put

Vol: 49,601

OI: 291

Vol/OI: 170.4x

IV: 0.0%

Notional: ~$8.2M

Intent: Bearish bet/hedge

Dual read: Open vs close

Read-through: Aggressive put buying near money

IWM 2026-06-24 $297.00 Put

Vol: 98,726

OI: 764

Vol/OI: 129.2x

IV: 0.0%

Notional: ~$296K

Intent: Downside speculation

Dual read: New vs roll

Read-through: High vol/OI, low premium

IWM 2026-06-24 $298.00 Put

Vol: 76,348

OI: 667

Vol/OI: 114.5x

IV: 0.0%

Notional: ~$5.2M

Intent: Bearish demand

Dual read: Spread vs direct

Read-through: Concentrated put activity

IWM 2026-06-24 $295.00 Put

Vol: 126,942

OI: 1,435

Vol/OI: 88.5x

IV: 5.7%

Notional: ~$127K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

IWM 2026-06-24 $299.00 Call

Vol: 106,145

OI: 1,411

Vol/OI: 75.2x

IV: 7.4%

Notional: ~$106K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: moderate call buying at 297-302; OI at 300,297

Put additions: heavy put buying at 295-299; vol/oi 70-170x; ~465k puts

GEX/DEX consistency: negative gamma from put OI; positive delta from calls/shares; consistent

OI clusters: put OI peak 296 (1.6k), call OI peak 300 (2.9k); gamma flip 290

Hedging evidence: put buying likely hedging long stock; total OI ratio 2.7x puts/calls

Max pain context: spot near MP (~297); put wall below 300; MP likely 297-299

Signal vs Noise

~Unusual put prints vol/oi >70 real hedging or bearish bets; not noise

~High call volume but lower vol/oi; potential noise from resistance

Key Conclusions

🛡️Heavy put buying at 295-299; vol/oi ratio >70 signals bearish hedging

⚠️Short gamma (-$386M) amplifies moves; spot near max pain ~297

How to Use These Reports

This flow reflects the market close on June 24, 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.