210/208 IWM Put Credit Spread
IWM is one of my favourites due to its range in the last year. I have played this range many times with credit spreads and Condors.
Trade setup:
Simple Put Credit Spread here opened for a 0.205 credit. Goal with these trades is to be a minimum of 10% RoM and no longer than 30 days.
Entry Criteria:
1. Red day, for increased premiums
2. Trading within a range (clear)
3. Short put is far enough away (see multiple support points lower)
4. Credit received meets RoM (Return on Margin) criteria.
Trade setup:
Simple Put Credit Spread here opened for a 0.205 credit. Goal with these trades is to be a minimum of 10% RoM and no longer than 30 days.
Entry Criteria:
1. Red day, for increased premiums
2. Trading within a range (clear)
3. Short put is far enough away (see multiple support points lower)
4. Credit received meets RoM (Return on Margin) criteria.
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