Get started

IWM

Update (IRA): IWM Sept 30th 177/Nov 18th 200 Long Put DiagonalComments: Just updating my short delta hedge (See Post Below) in IWM so that it appears more toward the top of my ideas queue ... . As of the last short leg roll: Cost basis of 22.58 with a 177.42 break even on a 23 wide. As you can see, price has pushed up quite a bit into the long leg of the setup, but I'll keep rolling the short leg out to reduce cost basis and look to roll the long leg up and out if I run out of time and/or don't get the move I need (i.e., back through the short leg of the setup; this may be somewhat of a tall order at this point, that's 18 strikes below where IWM is currently trading). At the moment, doing this would cost me (and will probably cost me when I actually go ahead and do it). For example, rolling the November 18th 200 long to the December 16th 230 (90 delta), would cost 28.69 at the mid price, increasing my cost basis to 51.27 on a resulting 53 wide with a 178.73 break even (a slight improvement over my current 177.42 break even). I've still got 7 potential rolling opportunities of the short leg from week to week, so will cross that bridge when I come to it ... .
AMEX:IWMShort
by NaughtyPines
7
SPX, find support in a Regression ChannelSPX daily chart with long term Regression channel, 3405 days, with +3/-3 stdev bands. The Comfort Zone is the reddish area located between +2 and 2 stdev, where at least 95% of price occurrences should occur. This chart shows that the uptrend that started on June 16 failed to break above the +1 stdev line. The mean served as support and allowed a small bounce that failed at +0.5 stdev, retraces and the mean and this time the mean fails to serve as support. Last Friday it closed at the -1 stdev line. This fact coupled with the extreme reading of some indicators point to an immediate rebound of the SPX. There is too much technical damage on the chart to augur a long life for any rally that starts now. However, we expect the SPX to move higher in the coming days, a trading opportunity.
SP:SPXLong
by Point-Blank-Trading
Status: Porfolio UP 80%+ since 8/18 Post ..What's Next?Before: In my last post on 8/18 that it would be time for me to go heavy in the market, which I did. Now: Up 80.45% on my portfolio since my huge short on $SPY and other adjacent tickers $QQQ, $IWM, $AAPL, etc. Could not have rode this move better. Next: I'm out on a 90%+ shorts and would suggest trimming aggressively now in anticipation for a rally within the next few days. Will update on my thoughts of what's to come. ..there's so much frenzy in the markets, but your porfolio's got to feel good now 💸
AMEX:SPYLong
by theapearmy
2
Rolled (IRA): IWM October 1st 161 to the November 18th 163... short put for a 1.10 credit. Comments (Late Post): Rolled this out at >50% max to the strike in November paying around 1% of the strike price in credit. I might usually just take profit and close this out, but still need small cap long delta for a bit here while I manage my IWM short delta hedge. Total credits collected of 1.62 (See Post Below) plus the 1.10 here for a total of 2.72 relative to a price for the November 18th 163 of 1.71, so I've realized gains of 1.01 ($101) to date.
AMEX:IWMLong
by NaughtyPines