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IWM

iShares Russell 2000 ETFClose $290.43EOD only
Max Pain
$289.00
Next expiry Jun 1, 2026
Expected Move
±$2.92
1.0% from close
Price Gap
-1.43
Distance to max pain
IV Rank
21
Low premium
P/C OI
2.65
Slightly put-heavy
Consensus
6.5/10
Bullish tilt
Published snapshot: May 29, 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 29, 2026 close
IWM AI Consensus Report
Analysis based on market close April 8, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from April 8, 2026. A newer ai consensus report is available for May 26, 2026.

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Conviction
6.0

out of 10

Score 6 because signals are aligned toward downside (flow into puts, negative dealer gamma) but are tempered by an active pin region above spot and the binary risk of a volatility shock; conviction would rise materially if price clears/pivots away from the EM band or if time to a known event is short.

Where Perspectives Agree

Consensus leans bearish: positioning, institutional put demand, and dealer negative-gamma below spot create a downside bias toward the $254–$250 area that favors defined-risk premium selling and directional put exposure.

Where They Diverge

Two frictions undermine that bearish thesis: (1) spot sitting above persistent max-pain / EM band creates a credible short-term pin that can sustain price in the $257–$263 area and produce short-covering squeezes, and (2) the lack of an immediate catalyst means a macro shock or volatility spike would rapidly invalidate short-premium bets — these scenarios directly oppose a clean downhill continuation.

Top Trade
via theta

Sell 5/15 $249/$244 put spread (30–45 DTE) for credit — defined-risk premium sell to capture decay into expected downside range.

Key Risk

Sustained move and close above $263.30 (2 trading-day confirmation) flips dealer dynamics and removes the bearish pin — consequence: broad short-covering lifts IWM toward the next resistance cluster (~$270) and collapses the premium sellers' edge.

How to Use These Reports
This ai consensus reflects the market close on April 8, 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.