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IWM

iShares Russell 2000 ETFClose $265.07EOD only
Max Pain
$258.00
Next expiry Apr 14, 2026
Expected Move
±$2.27
0.9% from close
Price Gap
-7.07
Distance to max pain
IV Rank
25
Low premium
P/C OI
2.49
Slightly put-heavy
Consensus
6.5/10
Range bias
Published snapshot: Apr 13, 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 13, 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.

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.

Read the AI Analyst Consensus for IWM for 2026-04-13. This synthesis report combines directional, theta, flow, and earnings perspectives into one conviction view with setup, trigger, and invalidation context.