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; a free account reads back to 30 days, Pro to 5, and AIme Premium reads today's unusual options trades with no delay.

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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

The Options Desk tracks the move options price into every US earnings report the week of Sep 14, next to how much each stock has actually moved on its past prints — plus the SPY, QQQ and IWM expected ranges and the gamma walls that box them in.