thetaOwl
HomeOptionsIWMReports

IWM

iShares Russell 2000 ETFClose $299.98EOD only
Max Pain
$300.00
Next expiry Aug 11, 2026
Expected Move
±$1.78
0.6% from close
Price Gap
+0.02
Distance to max pain
IV Rank
3
Low premium
P/C OI
2.45
Slightly put-heavy
Consensus
5.5/10
Bearish tilt
Published snapshot: Aug 10, 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
Aug 10, 2026 close
IWM AI Consensus Report
Analysis based on market close June 26, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Conviction
5.5

out of 10

5.5 not higher because the 0DTE put skew at 79.6% signals panic contradicting positive GEX, and the conflict between directional and theta trades reduces signal clarity.

Where Perspectives Agree

Bearish flow dominates, but positive GEX pins near $295 max pain, creating a range-bound downside bias until $290 breaks.

Where They Diverge

Directional pushes bear put spreads expecting a break below $295, while Theta sells put credit spreads anticipating support — incompatible directional views on the same level.

Top Trade
via directional

Buy 2026-07-10 $295/$285 bear put spread for $3.20 debit (max profit $6.80, max loss $3.20).

Key Risk

Break below $290 triggers dealer gamma flip from long to short, accelerating downside to $285 gap fill.

How to Use These Reports
This ai consensus reflects the market close on June 26, 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.