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IWM

iShares Russell 2000 ETFClose $292.08EOD only
Max Pain
$293.00
Next expiry Jun 17, 2026
Expected Move
±$3.67
1.3% from close
Price Gap
+0.92
Distance to max pain
IV Rank
93
High premium
P/C OI
3.20
Slightly put-heavy
Consensus
6.0/10
Range bias
Published snapshot: Jun 16, 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 16, 2026 close
IWM AI Consensus Report
Analysis based on market close June 17, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Conviction
8.0

out of 10

8 not 9 because the pin risk at $293 slightly tempers conviction, but the overwhelming bearish signals from flow, gamma, and institutional positioning justify a high score.

Where Perspectives Agree

All three persona reports are strongly bearish on IWM, with directional, theta, and flow perspectives all pointing to downside, supported by negative gamma, aggressive put buying, and spot below max pain.

Where They Diverge

Theta anticipates potential pin action at $293 max pain, which could slow downside, while directional and flow see a clear path lower; this is a mild conflict as it suggests a possible short-term bounce before continuation.

Top Trade
via directional

Buy 2026-07-02 $285/$281 bear put spread for $2.00 debit (max risk $2.00, max profit $2.00 per spread).

Key Risk

Break above $293 resistance flips dealer gamma to positive, triggering a squeeze that invalidates the bearish thesis and accelerates upside to $300+.

How to Use These Reports
This ai consensus reflects the market close on June 17, 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.