thetaOwl

IWM

iShares Russell 2000 ETFClose $282.57EOD only
Max Pain
$284.00
Next expiry May 13, 2026
Expected Move
±$2.52
0.9% from close
Price Gap
+1.43
Distance to max pain
IV Rank
21
Low premium
P/C OI
2.71
Slightly put-heavy
Consensus
6.0/10
Consensus signal
Published snapshot: May 12, 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 12, 2026 close
IWM AI Consensus Report
Analysis based on market close May 13, 2026

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

Conviction
7.0

out of 10

7 not 8 because bearish flow introduces downside risk that could break the pin if VIX spikes, but gamma support and call buying keep the pin high probability.

Where Perspectives Agree

Bullish pin to $283 — GEX pinning, massive call buying at $282, and iron condor positioning all reinforce the magnet.

Where They Diverge

Bearish flow (net premium -$28.4M, put/call 1.94) suggests hedging pressure that could unwind if VIX rises, contradicting the stable pin thesis.

Top Trade
via theta

Iron condor: Sell 2026-06-18 $280/$275 put wing and $283/$287 call wing for $1.50 credit.

Key Risk

Break below $258 flips dealer gamma and triggers stop-loss cascade — downside accelerates to $250 support.

How to Use These Reports
This ai consensus reflects the market close on May 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.