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IWM

iShares Russell 2000 ETFClose $279.87EOD only

Max Pain

$276.00

Next expiry May 21, 2026

Expected Move

±$2.71

1.0% from close

Price Gap

-3.87

Distance to max pain

IV Rank

Low premium

P/C OI

2.74

Slightly put-heavy

Consensus

4.0/10

Consensus signal

Published snapshot: May 20, 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 20, 2026 close

IWM AI Consensus Report

Analysis based on market close May 20, 2026

Directional Theta Gang Flow Earnings Consensus

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

Conviction

4.0

out of 10

4 not 5 because the conflict between strong bullish and bearish signals is severe; no clear dominant thesis. Higher conviction requires resolution of this divergence.

Where Perspectives Agree

Both perspectives highlight $270 as critical support where gamma flips and dealer selling could accelerate, but overall they diverge on direction.

Where They Diverge

Directional expects bullish continuation to $282.57, while flow shows institutional put buying at 279 and 277 with high put/call ratios, directly contradicting the bullish thesis.

Top Trade

via flow

Buy 2026-06-12 $278/$270 put spread for $2.50 debit — bearish bet aligned with institutional flow, defined risk, and benefits from gamma flip below $270.

Key Risk

Break below $270 triggers negative gamma flip and dealer selling, invalidating bullish outlook and confirming bearish flow — downside accelerates to $263.

How to Use These Reports

This ai consensus reflects the market close on May 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.