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IWM

iShares Russell 2000 ETFClose $261.30EOD only
Max Pain
$256.00
Next expiry Apr 13, 2026
Expected Move
±$1.75
0.7% from close
Price Gap
-5.30
Distance to max pain
IV Rank
0
Low premium
P/C OI
2.49
Slightly put-heavy
Consensus
6.5/10
Bearish tilt
Published snapshot: Apr 10, 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
Apr 10, 2026 close
IWM AI Consensus Report
Analysis based on market close April 10, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Conviction
6.5

out of 10

6.5 because position and gamma metrics align with a bearish tilt and premium is attractive, but conviction is capped by two asymmetric risks: concentrated max-pain pinning near $255–$256 that can produce short squeezes, and an imminent front-week IV compression/spike window (binary event risk) that can blow up short premium — plus conflicting institutional flow that could reverse the move.

Where Perspectives Agree

Consensus leans bearish/neutral with a downside bias toward the $255–$256 max-pain band and a higher probability of mean-reversion lower than rallies; selling defined-risk downside premium is the highest-probability way to monetize that bias.

Where They Diverge

Flow signals of institutional accumulation and sizeable call buys (flow persona) directly contradict the directional bearish thesis — if flows are sustained they can soak up dealer hedging and prop up price, undermining put-selling. Theta favors short premium while earnings/event-term structure (earnings persona) warns of compressed front-week IV and a possible vol spike, which would punish naked/short-dated premium sellers; that event risk directly undermines simple short-premium approaches.

Top Trade
via theta

Sell 2026-05-15 IWM 250/245 put spread for a net credit (defined-risk premium sell).

Key Risk

A decisive break and close below $245 that sustains selling (gamma flip) — this removes dealer short-gamma pressure, accelerates downside and would invalidate the short-premium/bearish carry thesis by pushing price toward the next structural support around $238 with gap-fill momentum.

Read the AI Analyst Consensus for IWM for 2026-04-10. This synthesis report combines directional, theta, flow, and earnings perspectives into one conviction view with setup, trigger, and invalidation context.