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IWM

iShares Russell 2000 ETFClose $291.66EOD only
Max Pain
$289.00
Next expiry Jun 3, 2026
Expected Move
±$2.17
0.7% from close
Price Gap
-2.66
Distance to max pain
IV Rank
23
Low premium
P/C OI
2.61
Slightly put-heavy
Consensus
6.5/10
Bullish tilt
Published snapshot: Jun 2, 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
Jun 2, 2026 close
IWM AI Consensus Report
Analysis based on market close April 15, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from April 15, 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 dealer gamma concentration and short-term pin mechanics are strong and favor mean-reversion into $270–273, but the conviction is pulled down by large structural put OI, institutional protective flow that can trigger a volatility regime change, and compressed front-week expiries that create binary risk; these factors make the pin fragile rather than high‑certainty.

Where Perspectives Agree

Short-term pin to the $270–273 cluster driven by concentrated dealer gamma and a net bullish premium environment — price is biased to hold/gravitate into that band absent a volatility shock.

Where They Diverge

Flow signals show institutional accumulation of downside protection (large put buying and program selling) that directly contradicts the directional pin — institutions are positioning for a post-pin fade, which undermines the pure upside-magnet thesis. Theta wants to aggressively sell front‑week calls into the pin, but the flow-provided put protection implies those sold calls may be exposed to asymmetric downside if institutional hedges trigger volatility spikes.

Top Trade
via theta

Sell Apr 17 $272/$274 call spread for ~$0.45 credit (front-week defined-risk call spread).

Key Risk

Break and settlement below $266 within the front-week window — dealer gamma flips, stops/hedges cascade, IV gaps higher and price accelerates toward the $250–$260 structural put cluster, invalidating the pin thesis.

How to Use These Reports
This ai consensus reflects the market close on April 15, 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.