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IWM $291.66 +1.11% (updated 2026-06-02)

Today's OI Read — IWM

Where the walls are, where price sits, and what the dealer positioning implies for Russell 2000 ETF

In Between Walls?
YES
$287
DOM
$295
2ND
$291.66

Sandwiched between dominant walls — dealer hedging on both sides creates structural pinning.

Magnet Strength
0.53× Low (<0.7×)
Current OI 391,549
30d Avg OI 734,108

Near or below average — wall levels carry typical structural weight.

Put/Call Ratio
1.53
PUT HEAVY

Above 1.2 — more put OI than calls. Hedging demand elevated; market participants are positioned defensively.

Dominant Wall
$287
▼ Below spot

The highest OI concentration strike — the structural anchor dealers are most committed to hedging.

Distance to #1 Wall
$+4.66
+1.60%

Price is above the dominant wall — acts as support.

Wall Skew
-0.628
PUT HEAVY

Put-heavy at the dominant wall — put sellers defend this level. Acts as structural support/magnet.

Today's Top Setup — IWM

SQUEEZE, PIN, and CAGE scored 0–100 from OI structure. Highest score = today's highest-conviction setup.

PIN — 53.7% hit rate (n=1,719). CAGE — 45.4% (n=1,161). SQUEEZE — 49.5% (n=5,555). Half hit, half don't — the edge is asymmetric payoff.

Strength scores are locked

PRO

See exactly which setup is most likely — and by how much

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🚀 SQUEEZE
candidate
Strength ██%
5d horizon
Target · Stock pops ≥+5% within 10 trading days — the kind of move where the winners run far enough to outweigh the misses.
📌 PIN
AUC 0.83 measured
Strength ██%
1d horizon
Target · Price closes within 0.5% of $287 (dom strike) by +1d.
↔ CAGE
AUC 0.55 measured
Strength ██%
5d horizon
Target · Price stays between $287 – $295 through +5d.

Top OI Walls

Largest open interest concentrations · sorted by strike price

2026-06-02
Rank Strike Call OI Put OI Total OI P/C % of Max
#2 $295 Resistance 19,415 165 19,580 0.01
87%
▶ $291.66
#1 $287 Support 4,174 18,240 22,414 4.37
100%
#3 $284 Support 555 16,383 16,938 29.52
76%
#5 $280 Support 1,139 15,105 16,244 13.26
72%
#4 $277 Support 508 15,864 16,372 31.23
73%

SQUEEZE / PIN / CAGE Setup Backtest — IWM

Last 50 sessions — which setup fired, what the score was, and whether it hit. See the actual win/loss record.

0 days ·
Min Strength 60
Magnet:
2026-05-26
↔ CAGE
Strength 35%
Magnet
Floor $270
Ceiling $275
Range 1.7%
✓ Hit
Win Criteria
Stay inside $270–$275 for 5 days
What Happened
$291.66
+0.40%
2026-05-22
↔ CAGE
Strength 35%
Magnet
Floor $265
Ceiling $270
Range 1.8%
✗ Miss
Win Criteria
Stay inside $265–$270 for 5 days
What Happened
$288.98
+1.35%
Broke up — max move 2.4% (need ≤2%)
2026-05-21
↔ CAGE
Strength 35%
Magnet
Floor $260
Ceiling $270
Range 3.5%
✗ Miss
Win Criteria
Stay inside $260–$270 for 5 days
What Happened
$290.43
+2.81%
Broke up — max move 2.8% (need ≤2%)
2026-05-20
↔ CAGE
Strength 35%
Magnet
Floor $260
Ceiling $270
Range 3.6%
✗ Miss
Win Criteria
Stay inside $260–$270 for 5 days
What Happened
$292.03
+4.34%
Broke up — max move 3.8% (need ≤2%)
2026-05-19
📌 PIN
Strength 55%
Magnet
Floor $275
Ceiling $285
Range 3.7%
✗ Miss
Win Criteria
Close within 0.5% of $275 by end of day
What Happened
$279.87
+2.52%
Closed 1.8% from wall (need ≤0.5%) — moved +2.5%
2026-05-18
↔ CAGE
Strength 35%
Magnet
Floor $265
Ceiling $275
Range 3.6%
✗ Miss
Win Criteria
Stay inside $265–$275 for 5 days
What Happened
$290.51
+5.27%
Broke down — max move 2.4% (need ≤2%)
2026-05-15
📌 PIN
Strength 5%
Magnet
Floor $240
Ceiling $280
Range 14.4%
✗ Miss
Win Criteria
Close within 0.5% of $240 by end of day
What Happened
$275.97
-0.59%
Closed 13.0% from wall (need ≤0.5%) — moved -0.6%
2026-05-14
↔ CAGE
Strength 35%
Magnet
Floor $250
Ceiling $258
Range 2.8%
✗ Miss
Win Criteria
Stay inside $250–$258 for 5 days
What Happened
$282.49
-0.69%
Broke down — max move 4.0% (need ≤2%)
2026-05-13
↔ CAGE
Strength 35%
Magnet
Floor $250
Ceiling $258
Range 2.8%
✗ Miss
Win Criteria
Stay inside $250–$258 for 5 days
What Happened
$279.87
-0.99%
Broke up — max move 2.4% (need ≤2%)
2026-05-12
↔ CAGE
Strength 35%
Magnet
Floor $250
Ceiling $258
Range 2.8%
✓ Hit
Win Criteria
Stay inside $250–$258 for 5 days
What Happened
$273.00
-3.39%
2026-05-11
↔ CAGE
Strength 35%
Magnet
Floor $250
Ceiling $258
Range 2.8%
✓ Hit
Win Criteria
Stay inside $250–$258 for 5 days
What Happened
$275.97
-3.28%
2026-05-08
↔ CAGE
Strength 35%
Magnet
Floor $250
Ceiling $258
Range 2.8%
✓ Hit
Win Criteria
Stay inside $250–$258 for 5 days
What Happened
$277.60
-2.31%
2026-05-07
↔ CAGE
Strength 55%
Magnet
Floor $266
Ceiling $270
Range 1.4%
✓ Hit
Win Criteria
Stay inside $266–$270 for 5 days
What Happened
$284.45
+0.78%
2026-05-06
↔ CAGE
Strength 20%
Magnet
Floor $249
Ceiling $266
Range 5.9%
✓ Hit
Win Criteria
Stay inside $249–$266 for 5 days
What Happened
$282.67
-1.44%
2026-05-05
↔ CAGE
Strength 20%
Magnet
Floor $249
Ceiling $266
Range 6.0%
✓ Hit
Win Criteria
Stay inside $249–$266 for 5 days
What Happened
$282.57
+0.00%
2026-05-04
↔ CAGE
Strength 20%
Magnet
Floor $249
Ceiling $266
Range 6.1%
✗ Miss
Win Criteria
Stay inside $249–$266 for 5 days
What Happened
$285.33
+2.68%
Broke up — max move 3.2% (need ≤2%)
2026-05-01
↔ CAGE
Strength 20%
Magnet
Floor $249
Ceiling $266
Range 6.1%
✗ Miss
Win Criteria
Stay inside $249–$266 for 5 days
What Happened
$284.17
+1.75%
Broke down — max move 2.7% (need ≤2%)
2026-04-30
↔ CAGE
Strength 35%
Magnet
Floor $265
Ceiling $270
Range 1.8%
✓ Hit
Win Criteria
Stay inside $265–$270 for 5 days
What Happened
$282.26
+1.54%
2026-04-29
↔ CAGE
Strength 35%
Magnet
Floor $270
Ceiling $280
Range 3.7%
✗ Miss
Win Criteria
Stay inside $270–$280 for 5 days
What Happened
$286.80
+5.41%
Broke up — max move 2.6% (need ≤2%)
2026-04-28
↔ CAGE
Strength 20%
Magnet
Floor $260
Ceiling $280
Range 7.3%
✓ Hit
Win Criteria
Stay inside $260–$280 for 5 days
What Happened
$282.56
+3.16%
2026-04-27
📌 PIN
Strength 35%
Magnet
Floor $260
Ceiling $280
Range 7.2%
✗ Miss
Win Criteria
Close within 0.5% of $280 by end of day
What Happened
$273.91
-1.17%
Closed 2.2% from wall (need ≤0.5%) — moved -1.2%
2026-04-24
↔ CAGE
Strength 35%
Magnet
Floor $270
Ceiling $280
Range 3.6%
✓ Hit
Win Criteria
Stay inside $270–$280 for 5 days
What Happened
$279.28
+0.95%
2026-04-23
↔ CAGE
Strength 35%
Magnet
Floor $264
Ceiling $270
Range 2.2%
✓ Hit
Win Criteria
Stay inside $264–$270 for 5 days
What Happened
$277.97
+0.89%
2026-04-22
↔ CAGE
Strength 35%
Magnet
Floor $264
Ceiling $270
Range 2.2%
✓ Hit
Win Criteria
Stay inside $264–$270 for 5 days
What Happened
$272.08
-1.59%
2026-04-21
📌 PIN
Strength 35%
Magnet
Floor $256
Ceiling $270
Range 5.1%
✗ Miss
Win Criteria
Close within 0.5% of $270 by end of day
What Happened
$276.48
+0.72%
Closed 2.4% from wall (need ≤0.5%) — moved +0.7%
2026-04-20
↔ CAGE
Strength 55%
Magnet
Floor $268
Ceiling $270
Range 0.7%
✓ Hit
Win Criteria
Stay inside $268–$270 for 5 days
What Happened
$277.14
-0.08%
2026-04-17
↔ CAGE
Strength 35%
Magnet
Floor $250
Ceiling $256
Range 2.2%
✓ Hit
Win Criteria
Stay inside $250–$256 for 5 days
What Happened
$276.65
+0.32%
2026-04-16
↔ CAGE
Strength 35%
Magnet
Floor $240
Ceiling $245
Range 1.9%
✗ Miss
Win Criteria
Stay inside $240–$245 for 5 days
What Happened
$275.52
+2.06%
Broke up — max move 2.7% (need ≤2%)
2026-04-15
↔ CAGE
Strength 35%
Magnet
Floor $240
Ceiling $245
Range 1.9%
✗ Miss
Win Criteria
Stay inside $240–$245 for 5 days
What Happened
$276.48
+2.63%
Broke up — max move 3.0% (need ≤2%)
2026-04-14
↔ CAGE
Strength 35%
Magnet
Floor $240
Ceiling $245
Range 1.9%
✗ Miss
Win Criteria
Stay inside $240–$245 for 5 days
What Happened
$274.51
+2.15%
Broke up — max move 2.6% (need ≤2%)
2026-04-13
📌 PIN
Strength 5%
Magnet
Floor $234
Ceiling $270
Range 13.6%
✗ Miss
Win Criteria
Close within 0.5% of $234 by end of day
What Happened
$268.72
+1.38%
Closed 13.1% from wall (need ≤0.5%) — moved +1.4%
2026-04-10
↔ CAGE
Strength 35%
Magnet
Floor $235
Ceiling $245
Range 3.8%
✗ Miss
Win Criteria
Stay inside $235–$245 for 5 days
What Happened
$275.78
+5.54%
Broke up — max move 3.1% (need ≤2%)
2026-04-09
↔ CAGE
Strength 35%
Magnet
Floor $235
Ceiling $247
Range 4.6%
✗ Miss
Win Criteria
Stay inside $235–$247 for 5 days
What Happened
$269.95
+3.05%
Broke down — max move 2.6% (need ≤2%)
2026-04-08
↔ CAGE
Strength 55%
Magnet
Floor $235
Ceiling $240
Range 1.9%
✓ Hit
Win Criteria
Stay inside $235–$240 for 5 days
What Happened
$269.39
+3.42%
2026-04-07
↔ CAGE
Strength 35%
Magnet
Floor $237
Ceiling $245
Range 3.2%
✗ Miss
Win Criteria
Stay inside $237–$245 for 5 days
What Happened
$268.72
+6.25%
Broke up — max move 3.6% (need ≤2%)
2026-04-06
↔ CAGE
Strength 55%
Magnet
Floor $237
Ceiling $240
Range 1.2%
✗ Miss
Win Criteria
Stay inside $237–$240 for 5 days
What Happened
$265.07
+5.04%
Broke up — max move 3.8% (need ≤2%)
2026-04-02
↔ CAGE
Strength 35%
Magnet
Floor $240
Ceiling $245
Range 2.0%
✗ Miss
Win Criteria
Stay inside $240–$245 for 5 days
What Happened
$261.30
+3.98%
Broke up — max move 3.7% (need ≤2%)
2026-04-01
↔ CAGE
Strength 35%
Magnet
Floor $230
Ceiling $240
Range 4.0%
✓ Hit
Win Criteria
Stay inside $230–$240 for 5 days
What Happened
$261.96
+4.97%
2026-03-31
↔ CAGE
Strength 35%
Magnet
Floor $230
Ceiling $240
Range 4.0%
✓ Hit
Win Criteria
Stay inside $230–$240 for 5 days
What Happened
$260.47
+5.03%
2026-03-30
📌 PIN
Strength 75%
Magnet
Floor $230
Ceiling $240
Range 4.2%
✗ Miss
Win Criteria
Close within 0.5% of $240 by end of day
What Happened
$248.00
+3.50%
Closed 3.3% from wall (need ≤0.5%) — moved +3.5%
2026-03-27
📌 PIN
Strength 35%
Magnet
Floor $230
Ceiling $240
Range 4.1%
✓ Hit
Win Criteria
Close within 0.5% of $240 by end of day
What Happened
$239.61
-1.44%
2026-03-26
↔ CAGE
Strength 35%
Magnet
Floor $230
Ceiling $240
Range 4.0%
✗ Miss
Win Criteria
Stay inside $230–$240 for 5 days
What Happened
$251.29
+1.56%
Broke down — max move 3.2% (need ≤2%)
2026-03-25
↔ CAGE
Strength 55%
Magnet
Floor $240
Ceiling $243
Range 1.2%
✗ Miss
Win Criteria
Stay inside $240–$243 for 5 days
What Happened
$249.56
-0.90%
Broke down — max move 4.8% (need ≤2%)
2026-03-24
↔ CAGE
Strength 55%
Magnet
Floor $235
Ceiling $240
Range 2.0%
✗ Miss
Win Criteria
Stay inside $235–$240 for 5 days
What Happened
$248.00
-0.31%
Broke up — max move 2.3% (need ≤2%)
2026-03-23
↔ CAGE
Strength 55%
Magnet
Floor $235
Ceiling $240
Range 2.0%
✓ Hit
Win Criteria
Stay inside $235–$240 for 5 days
What Happened
$239.61
-3.17%
2026-03-20
↔ CAGE
Strength 55%
Magnet
Floor $235
Ceiling $240
Range 2.1%
✗ Miss
Win Criteria
Stay inside $235–$240 for 5 days
What Happened
$243.10
+0.36%
Broke up — max move 4.0% (need ≤2%)
2026-03-19
↔ CAGE
Strength 35%
Magnet
Floor $240
Ceiling $250
Range 4.0%
✗ Miss
Win Criteria
Stay inside $240–$250 for 5 days
What Happened
$247.44
-0.08%
Broke down — max move 2.2% (need ≤2%)
2026-03-18
↔ CAGE
Strength 35%
Magnet
Floor $240
Ceiling $250
Range 4.1%
✓ Hit
Win Criteria
Stay inside $240–$250 for 5 days
What Happened
$251.82
+2.36%
2026-03-17
↔ CAGE
Strength 35%
Magnet
Floor $240
Ceiling $250
Range 4.0%
✗ Miss
Win Criteria
Stay inside $240–$250 for 5 days
What Happened
$248.78
-0.51%
Broke down — max move 3.1% (need ≤2%)
2026-03-16
↔ CAGE
Strength 35%
Magnet
Floor $230
Ceiling $240
Range 4.0%
✓ Hit
Win Criteria
Stay inside $230–$240 for 5 days
What Happened
$247.45
-0.59%