(IWM)
Max Pain By Strike
IWM trades at $234.82, 3.4% above the near-term max pain of $227 expiring Aug 25, 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. High dispersion in max pain levels suggests competing forces and potential volatility.
Max Pain By Expiry
Max pain for IWM shows stable levels around 221.17, reflecting balanced market expectations. The 16% spread signals divergent expectations across timeframes. Most levels below 234.82 may cap rallies. 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 25, 2025 | 227 | -7.82 (-3.33%) |
| Aug 26, 2025 | 225 | -9.82 (-4.18%) |
| Aug 27, 2025 | 225 | -9.82 (-4.18%) |
| Aug 28, 2025 | 223 | -11.82 (-5.03%) |
| Aug 29, 2025 | 225 | -9.82 (-4.18%) |
| Sep 2, 2025 | 226 | -8.82 (-3.76%) |
| Sep 3, 2025 | 226 | -8.82 (-3.76%) |
| Sep 4, 2025 | 226 | -8.82 (-3.76%) |
| Sep 5, 2025 | 223 | -11.82 (-5.03%) |
| Sep 12, 2025 | 222 | -12.82 (-5.46%) |
| Sep 19, 2025 | 220 | -14.82 (-6.31%) |
| Sep 26, 2025 | 225 | -9.82 (-4.18%) |
| Sep 30, 2025 | 220 | -14.82 (-6.31%) |
| Oct 3, 2025 | 225 | -9.82 (-4.18%) |
| Oct 17, 2025 | 220 | -14.82 (-6.31%) |
| Nov 21, 2025 | 220 | -14.82 (-6.31%) |
| Dec 19, 2025 | 215 | -19.82 (-8.44%) |
| Dec 31, 2025 | 212 | -22.82 (-9.72%) |
| Jan 16, 2026 | 215 | -19.82 (-8.44%) |
| Feb 20, 2026 | 230 | -4.82 (-2.05%) |
| Mar 20, 2026 | 215 | -19.82 (-8.44%) |
| Mar 31, 2026 | 205 | -29.82 (-12.70%) |
| Jun 18, 2026 | 215 | -19.82 (-8.44%) |
| Jun 30, 2026 | 224 | -10.82 (-4.61%) |
| Sep 18, 2026 | 220 | -14.82 (-6.31%) |
| Dec 18, 2026 | 220 | -14.82 (-6.31%) |
| Jan 15, 2027 | 230 | -4.82 (-2.05%) |
| Jun 17, 2027 | 235 | 0.18 (0.08%) |
| Dec 17, 2027 | 200 | -34.82 (-14.83%) |