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IWM

iShares Russell 2000 ETFClose $295.32EOD only
Max Pain
$295.00
Next expiry Jun 24, 2026
Expected Move
±$3.39
1.1% from close
Price Gap
-0.32
Distance to max pain
IV Rank
2
Low premium
P/C OI
2.63
Slightly put-heavy
Consensus
7.0/10
Bearish tilt
Published snapshot: Jun 23, 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 23, 2026 close
IWM AI Consensus Report
Analysis based on market close June 24, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Conviction
7.0

out of 10

7 not 8 because while both see bearish direction, the conflict on velocity (theta expects slow decay, flow warns of rapid breakdown) reduces conviction; if price holds below $297 for several days, conviction rises to 8.

Where Perspectives Agree

Both theta and flow perspectives agree on bearish pressure from heavy put buying and dealer short gamma, favoring downside bias with resistance near $301.

Where They Diverge

Theta's short call spread relies on price stability below $300 to collect premium, while flow's short gamma and high put volume suggest a potential sharp break below $297 that could accelerate moves, conflicting with the stability assumption.

Top Trade
via theta

Sell 2026-07-17 $300/$304 call spread for $1.00 credit.

Key Risk

Break above $301 flips dealer gamma long and triggers call buying squeeze, invalidating both the bearish flow thesis and the call credit spread, accelerating to $305.

How to Use These Reports
This ai consensus reflects the market close on June 24, 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.