(IWM)
Max Pain By Strike
IWM trades at $226.97, 3.2% above the near-term max pain of $220 expiring Aug 15, 2025 (-1 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 8 expirations converge.
Max Pain By Expiry
Max pain for IWM shows stable levels around 220.03, reflecting balanced market expectations. The 16% spread signals divergent expectations across timeframes. Most levels below 226.97 may cap rallies. Strong magnetic level at 220 (8 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 15, 2025 | 220 | -6.97 (-3.07%) |
| Aug 18, 2025 | 225 | -1.97 (-0.87%) |
| Aug 19, 2025 | 219 | -7.97 (-3.51%) |
| Aug 20, 2025 | 228 | 1.03 (0.45%) |
| Aug 21, 2025 | 223 | -3.97 (-1.75%) |
| Aug 22, 2025 | 225 | -1.97 (-0.87%) |
| Aug 25, 2025 | 224 | -2.97 (-1.31%) |
| Aug 26, 2025 | 225 | -1.97 (-0.87%) |
| Aug 27, 2025 | 229 | 2.03 (0.89%) |
| Aug 28, 2025 | 205 | -21.97 (-9.68%) |
| Aug 29, 2025 | 225 | -1.97 (-0.87%) |
| Sep 5, 2025 | 220 | -6.97 (-3.07%) |
| Sep 12, 2025 | 210 | -16.97 (-7.48%) |
| Sep 19, 2025 | 220 | -6.97 (-3.07%) |
| Sep 26, 2025 | 227 | 0.03 (0.01%) |
| Sep 30, 2025 | 220 | -6.97 (-3.07%) |
| Oct 17, 2025 | 220 | -6.97 (-3.07%) |
| Nov 21, 2025 | 220 | -6.97 (-3.07%) |
| Dec 19, 2025 | 215 | -11.97 (-5.28%) |
| Dec 31, 2025 | 212 | -14.97 (-6.60%) |
| Jan 16, 2026 | 215 | -11.97 (-5.28%) |
| Feb 20, 2026 | 230 | 3.03 (1.33%) |
| Mar 20, 2026 | 215 | -11.97 (-5.28%) |
| Mar 31, 2026 | 205 | -21.97 (-9.68%) |
| Jun 18, 2026 | 215 | -11.97 (-5.28%) |
| Jun 30, 2026 | 224 | -2.97 (-1.31%) |
| Sep 18, 2026 | 220 | -6.97 (-3.07%) |
| Dec 18, 2026 | 220 | -6.97 (-3.07%) |
| Jan 15, 2027 | 230 | 3.03 (1.33%) |
| Jun 17, 2027 | 235 | 8.03 (3.54%) |
| Dec 17, 2027 | 200 | -26.97 (-11.88%) |