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IWM

GOLDEN RATIO TURNS PAST AND FUTURE 2022 All turns past to present and including the PANIC CYCLE FOCUS DATE MARCH 18/21 2020 are moving forward and all within 2 to 13 days on long term basis .I see a rally to a new high if we can hold 21 % decline within the sp 500 this rally will be a min of 14% but no more than 19.8 to 20.5 % from this low . Fractals second basis other than the Golden Ratio and SPRIALS are pointing in the same patterns It will see a very good low on oct 4-10 plus or minus 6 days at most best of trades ! WAVETIMER
TVC:SPX
by wavetimer
1
Opened: IWM May 20th 176/229 Short Strangle... for a 1.19 credit. Comments: A bit of an experiment here, selling the 90 day duration 2 x expected move strikes in shorter duration. Using the June 30th expiry (86 days) as the basis for this setup, I looked at the strikes nearest the 16 delta in that duration, and then sold premium in those same strikes in the expiry nearest 45 days. The benefit is a higher probability of profit setup, with the trade-off being less credit received. I'll look to manage it, however, like any other short strangle -- rolling in untested sides, taking profit at 50% max and/or rolling to a delta neutral setup in longer duration for a realized gain and a credit.
AMEX:IWM
by NaughtyPines