(IWM)
Max Pain By Strike
IWM trades at $237.56, pinned near the near-term max pain of $234 expiring Sep 8, 2025 (0 days). Price stability likely with balanced options positioning at this level. Max pain is stable across expirations ($200-$240), indicating stable market expectations. Key magnetic zone at 235 where 6 expirations converge.
Max Pain By Expiry
Max pain for IWM shows stable levels around 226.57, reflecting balanced market expectations. The 18% spread signals divergent expectations across timeframes. Most levels below 237.56 may cap rallies. Strong magnetic level at 235 (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 |
|---|---|---|
| Sep 8, 2025 | 234 | -3.56 (-1.50%) |
| Sep 9, 2025 | 235 | -2.56 (-1.08%) |
| Sep 10, 2025 | 235 | -2.56 (-1.08%) |
| Sep 11, 2025 | 235 | -2.56 (-1.08%) |
| Sep 12, 2025 | 230 | -7.56 (-3.18%) |
| Sep 15, 2025 | 232 | -5.56 (-2.34%) |
| Sep 16, 2025 | 235 | -2.56 (-1.08%) |
| Sep 17, 2025 | 239 | 1.44 (0.60%) |
| Sep 18, 2025 | 235 | -2.56 (-1.08%) |
| Sep 19, 2025 | 225 | -12.56 (-5.29%) |
| Sep 26, 2025 | 231 | -6.56 (-2.76%) |
| Sep 30, 2025 | 222 | -15.56 (-6.55%) |
| Oct 3, 2025 | 235 | -2.56 (-1.08%) |
| Oct 10, 2025 | 234 | -3.56 (-1.50%) |
| Oct 17, 2025 | 225 | -12.56 (-5.29%) |
| Oct 24, 2025 | 237 | -0.56 (-0.24%) |
| Nov 21, 2025 | 220 | -17.56 (-7.39%) |
| Dec 19, 2025 | 215 | -22.56 (-9.50%) |
| Dec 31, 2025 | 215 | -22.56 (-9.50%) |
| Jan 16, 2026 | 218 | -19.56 (-8.24%) |
| Feb 20, 2026 | 230 | -7.56 (-3.18%) |
| Mar 20, 2026 | 220 | -17.56 (-7.39%) |
| Mar 31, 2026 | 205 | -32.56 (-13.71%) |
| Jun 18, 2026 | 220 | -17.56 (-7.39%) |
| Jun 30, 2026 | 225 | -12.56 (-5.29%) |
| Sep 18, 2026 | 220 | -17.56 (-7.39%) |
| Dec 18, 2026 | 220 | -17.56 (-7.39%) |
| Jan 15, 2027 | 230 | -7.56 (-3.18%) |
| Jun 17, 2027 | 240 | 2.44 (1.02%) |
| Dec 17, 2027 | 200 | -37.56 (-15.81%) |