IWM institutional options flow analysis — multi-leg block trades, dominant direction, and gamma analysis from the public options tape for February 23, 2026. Articles older than 60 days are public; sign in to read flow within the past month, upgrade to AIme Premium for today's unusual options trades without the delay.

IWM Unusual Options Activity — 2026-02-23

Institutional flow on 2026-02-23

Multi-leg block trades, dominant direction, and gamma analysis

$45.6M4 trades
Close Short PutLong PutShort PutClose Long Put

Trade Details

SELL$251 PUT2026-03-20$16.0MClose Short Put
SELL$257 PUT2026-03-03$13.0MShort Put
BUY$246 PUT2026-03-20$12.0MClose Long Put
BUY$248 PUT2026-03-03$4.6MLong Put

Gamma Analysis

GEX Bias
Bearish
Support
$257
Resistance
$260