thetaOwl
HomeOptionsIWMReports

IWM

iShares Russell 2000 ETFClose $285.12EOD only
Max Pain
$279.00
Next expiry May 26, 2026
Expected Move
±$3.67
1.3% from close
Price Gap
-6.12
Distance to max pain
IV Rank
16
Low premium
P/C OI
2.72
Slightly put-heavy
Consensus
6.0/10
Consensus signal
Published snapshot: May 22, 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
May 22, 2026 close
IWM AI Consensus Report
Analysis based on market close May 22, 2026
DirectionalTheta GangFlowEarningsConsensus

Consensus-supported lens with chain history and key metrics in the rail.

Conviction
6.0

out of 10

6 not 7 because bearish flow undermines bullish directional thesis; not lower because directional and theta have high confidence 8.5.

Where Perspectives Agree

All personas identify negative GEX and gamma flip risk at $270, with spot above max pain ($280) providing a support base.

Where They Diverge

Flow reports heavy institutional put buying at $284-$286, signaling bearish sentiment, directly contradicting the directional bullish drift to $289.83.

Top Trade
via theta

Sell 2026-06-12 $280.00/$277.50 put credit spread for $0.65 credit

Key Risk

Break below $270 flips dealer gamma long, triggering downside acceleration to $260 gap fill.

How to Use These Reports
This ai consensus reflects the market close on May 22, 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.