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IWM

iShares Russell 2000 ETFClose $292.01EOD only
Max Pain
$287.00
Next expiry Jun 5, 2026
Expected Move
±$2.76
0.9% from close
Price Gap
-5.01
Distance to max pain
IV Rank
29
Middle-high premium
P/C OI
2.67
Slightly put-heavy
Consensus
6.5/10
Downside lean
Published snapshot: Jun 4, 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 4, 2026 close
IWM AI Consensus Report
Analysis based on market close April 20, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from April 20, 2026. A newer ai consensus report is available for June 4, 2026.

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Conviction
6.5

out of 10

6.5 because dealer pinning and concentrated OI produce a stable shorting backdrop, but conviction is capped by the plausible momentum break below ~270 and contradictory institutional flow/any nearby event risk that can rapidly invalidate premium-selling returns.

Where Perspectives Agree

Market is pinned in the low $270s (around $272–$273) with a mildly bearish-to-neutral bias — dealers’ long-gamma creates a range cap and makes defined-risk, premium-selling trades most sensible right now.

Where They Diverge

Theta favors selling premium into the pin while flow signals (institutional accumulation/unusual buying) imply directional accumulation that would lift spot and puncture short premium profitability; earnings or macro binary risk (if present) would further oppose steady premium decay by forcing vol repricing.

Top Trade
via theta

Sell Apr 24 iron condor: 271/267 put wing and 276/280 call wing for ~credit ($0.45 expected).

Key Risk

Break below $270 flips dealer gamma from pinning to amplifying selling, triggering cascade that accelerates downside toward ~$266 support and invalidates the short-premium thesis.

How to Use These Reports
This ai consensus reflects the market close on April 20, 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.