iShares Russell 2000 ETF (IWM)
iShares Russell 2000 ETF Max Pain By Strike
IWM trades at $224.13, pinned near the near-term max pain of $228 expiring Aug 20, 2025 (0 days). Price stability likely with balanced options positioning at this level. Max pain is stable across expirations ($200-$235), indicating stable market expectations. Key magnetic zone at 220 where 6 expirations converge.
iShares Russell 2000 ETF Max Pain By Expiry
Max pain for IWM shows stable levels around 220.70, reflecting balanced market expectations. The 16% spread signals divergent expectations across timeframes. Levels distributed around 224.13. Strong magnetic level at 220 (6 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.
Max Pain Table
| Expiration Date | Max Pain | Max Pain vs Current Price |
|---|---|---|
| Aug 20, 2025 | 228 | 3.87 (1.73%) |
| Aug 21, 2025 | 227 | 2.87 (1.28%) |
| Aug 22, 2025 | 226 | 1.87 (0.83%) |
| Aug 25, 2025 | 227 | 2.87 (1.28%) |
| Aug 26, 2025 | 225 | 0.87 (0.39%) |
| Aug 27, 2025 | 226 | 1.87 (0.83%) |
| Aug 28, 2025 | 225 | 0.87 (0.39%) |
| Aug 29, 2025 | 225 | 0.87 (0.39%) |
| Sep 2, 2025 | 227 | 2.87 (1.28%) |
| Sep 3, 2025 | 205 | -19.13 (-8.54%) |
| Sep 5, 2025 | 223 | -1.13 (-0.50%) |
| Sep 12, 2025 | 216 | -8.13 (-3.63%) |
| Sep 19, 2025 | 220 | -4.13 (-1.84%) |
| Sep 26, 2025 | 225 | 0.87 (0.39%) |
| Sep 30, 2025 | 220 | -4.13 (-1.84%) |
| Oct 17, 2025 | 220 | -4.13 (-1.84%) |
| Nov 21, 2025 | 220 | -4.13 (-1.84%) |
| Dec 19, 2025 | 215 | -9.13 (-4.07%) |
| Dec 31, 2025 | 212 | -12.13 (-5.41%) |
| Jan 16, 2026 | 215 | -9.13 (-4.07%) |
| Feb 20, 2026 | 230 | 5.87 (2.62%) |
| Mar 20, 2026 | 215 | -9.13 (-4.07%) |
| Mar 31, 2026 | 205 | -19.13 (-8.54%) |
| Jun 18, 2026 | 215 | -9.13 (-4.07%) |
| Jun 30, 2026 | 224 | -0.13 (-0.06%) |
| Sep 18, 2026 | 220 | -4.13 (-1.84%) |
| Dec 18, 2026 | 220 | -4.13 (-1.84%) |
| Jan 15, 2027 | 230 | 5.87 (2.62%) |
| Jun 17, 2027 | 235 | 10.87 (4.85%) |
| Dec 17, 2027 | 200 | -24.13 (-10.77%) |