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IWM

iShares Russell 2000 ETFClose $282.49EOD only

Max Pain

$279.00

Next expiry May 22, 2026

Expected Move

±$3.47

1.2% from close

Price Gap

-3.49

Distance to max pain

IV Rank

Low premium

P/C OI

2.71

Slightly put-heavy

Consensus

7.5/10

Bearish tilt

Published snapshot: May 21, 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 21, 2026 close

IWM AI Consensus Report

Analysis based on market close May 21, 2026

Directional Theta Gang Flow Earnings Consensus

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

Conviction

7.5

out of 10

7.5 not 9 because theta's neutrality and gamma flip risk at $270 introduce uncertainty; not 6 because directional and flow signals strongly reinforce each other.

Where Perspectives Agree

All personas align on bearish direction: dealer short gamma and heavy put flow push IWM toward $275-$270, with high probability of downside drift.

Where They Diverge

Theta's neutral short strangle expects range-bound action ($274-$290), contradicting the trending downside bias from directional and flow, which see sustained selling.

Top Trade

via directional

Buy June 18 $280/$271 put spread for $4.20 debit

Key Risk

Break below $270 flips dealer gamma to long, attracting buyers and potentially triggering a squeeze that invalidates the bearish thesis.

How to Use These Reports

This ai consensus reflects the market close on May 21, 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.