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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 13, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from April 13, 2026. A newer ai consensus report is available for May 26, 2026.

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Conviction
6.5

out of 10

6.5 because structural dealer support and concentrated GEX give a real near‑term edge, but elevated put demand, deteriorating max‑pain, and clustered short expiries create a material event/timing risk that prevents stronger conviction.

Where Perspectives Agree

Consensus leans toward a pinned/managed tape around the mid-$260s with dealer short‑gamma and existing flow supporting a near‑term bias to the upside (target ~$271) while offering a theta-rich environment for defined‑risk credit trades.

Where They Diverge

Flow and earnings/term‑structure signals conflict: while positioning and GEX support a managed pin, institutional flow and persistent put demand (falling multi‑expiry max‑pain and high P/C OI) imply downside protection that would trigger a fade rather than continuation if volume tilts to put buying — directly undermining a clean bullish breakout. Additionally, short‑dated expiry clustering raises a timing conflict between selling premium and directional momentum.

Top Trade
via theta

Sell Apr 17 263/261 put spread for a credit (weekly tactical short put spread).

Key Risk

Break and sustained close below $245 removes dealer short‑gamma/pinning support and triggers rapid downside repricing — consequence: accelerated selloff toward the next structural support near $238 and widen of IV that invalidates short‑premium/continuation trades.

How to Use These Reports
This ai consensus reflects the market close on April 13, 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.