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IWM

iShares Russell 2000 ETFClose $285.02EOD only
Max Pain
$287.00
Next expiry Jun 10, 2026
Expected Move
±$4.04
1.4% from close
Price Gap
+1.98
Distance to max pain
IV Rank
46
Middle-high premium
P/C OI
2.74
Slightly put-heavy
Consensus
8.5/10
Bearish tilt
Published snapshot: Jun 9, 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 9, 2026 close
IWM AI Consensus Report
Analysis based on market close June 9, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Conviction
8.5

out of 10

8.5 not 9 or 10 because the extreme bearish sentiment (P/C OI 2.74) and negative GEX are offset slightly by the pin at max pain $285 and risk of a bounce at gamma flip $276; conviction would increase to 9.5 on a confirmed break below $276.

Where Perspectives Agree

All three personas converge on a bearish thesis for IWM: negative dealer gamma, heavy put positioning, and flow imbalance point to downside with a pin at $285 and key gamma flip at $276.

Where They Diverge

No conflicts identified; all perspectives align on bearish outlook and key levels, differing only in trade structure (put spreads vs. call credit spreads).

Top Trade
via directional

Buy 2026-06-26 $280/$277.5 bear put spread for $1.20 debit ($1.20 max risk, $1.30 max profit at $277.5).

Key Risk

Break below $276 triggers gamma flip from negative to positive, removing dealer support and accelerating selling to $270 or lower; invalidates bearish thesis if IWM closes above $289.

How to Use These Reports
This ai consensus reflects the market close on June 9, 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.