IWM Options Chain — Open Interest, Implied Volatility, Max Pain & Gamma Exposure

Analyze the complete IWM options chain including strike-level open interest, real-time implied volatility (IV), max pain levels, gamma exposure, dealer positioning, and options flow trends. This dashboard provides data-driven insights for traders building directional or hedging strategies around IWM.

Latest Data: 2026-10-01 (EDT)

Max Pain Price

300

Exp: 2026-10-01

Gamma Flip

287.20

Gamma Flip (≈60 days)

Put/Call OI Ratio

2.167

Shows put vs call positioning

IV Skew

-6.11

Put–call IV difference

Max Pain Price Volatility

σ = 20.55

high volatility

Confidence 85%

Near-Term Options-Derived Market Structure

NEUTRAL OUTLOOK

Reflecting options positioning and volatility conditions over the coming sessions.

The options structure reflects a high-confidence neutral environment. Dealer positioning and volatility suppression suggest a stable range-bound setup rather than a directional move. Options Chian

Looking only at the put-side activity, there is a bearish directional push. This suggests some traders are actively betting on downside. Confidence: 60%

Current DPI is -0.444(bullish). Bullish, momentum neutral or unclear.

Options Terrain Outlook (3-Month)

The market is positioned near a structural transition zone, where options exposure may shift the prevailing trading regime. Volatility conditions are moderately choppy. Price action is strongly influenced by existing options constraints. Once a directional move forms, continuation appears relatively easy. Structural sensitivity is elevated around the 2026-10-16 options expiry. 90% confidence

The support levels for IWM are at 277.41, 275.48, and 272.33, while the resistance levels are at 280.63, 282.56, and 285.71. The pivot point, a key reference price for traders, is at 300.00.

Short-Term Options-Implied Price Range & Flow Structure (0DTE · Intraday Reference)

Expiry 2026-10-01 (DTE 0): Pinning structure with suppressed volatility. Option flow bias is bearish (-0.30), pin strength 0.90.

Based on same-day expiring options (0DTE), the ATM straddle implies an 0.38% standardized 1-day equivalent move, serving as an intraday volatility reference.

The implied intraday range is approximately 277.70 — 284.27 , corresponding to +1.88% / -0.47% .

Estimated using ATM implied volatility, OTM option flow, and dealer hedging conditions to capture the market-implied price range.

Bullish flow suggests upside interest toward 287.75 (3.13% above spot).

Bearish positioning points to downside pressure toward 277.14 (0.67% below spot).

Options flow strength: 0.72 (0–1 scale). ATM Strike: 279.00, Call: 0.53, Put: 0.53, Straddle Cost: 1.06.

Price moves may extend once a direction forms. The short-term gamma flip is near 286.33 , with intermediate positioning around 287.20 . The mid-term gamma flip remains near 287.66.