Opening (IRA): IWM July 29th 155 Short Put... for a 1.61 credit. Comments: Targeting the <16 strike in the expiry nearest 45 days paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market. Still have July 1st, July 8th, and July 22nd rungs on.Longby NaughtyPines2
Rolling: IWM July 22nd 202 Short Call to 197.5... for a .93 credit. Comments: Rolling in the untested side of my July 22nd short strangle to maintain a <1.0 delta/theta ratio. Total credits collected of 3.80.by NaughtyPines2
Russell 2000 Bear Trend Well. 1) Macro bullish symmetrical triangle fakeout leading to top signal. 2) Low volume on bullish break, High volume on reversal confirming fakeout. 3) Omicron Variant market reaction =~= Covid-19 market reaction See SPY fakeout before March 2020 Covid-19 crash. (right) Lastly, see bearish divergence between index and % of stocks above 200 ma (orange).Shortby FenixCapitalUpdated 0
several ways to end this weekim imagining if we touch these levels where the paths are we will exhibit the following patterns friday- mondayShortby cerealpatterns0
Opened: IWM July 22nd 167.5/202 Short Strangle... for a 3.18 credit. Comments: These WERE 16 delta strikes on both sides when I opened this using my phone app at around 9:45 CST. In any event, 3.18 credit on BPE of 21.00; 15.1% ROC at max as a function of BPE; 7.6% at 50% max. Will look to adjust sides on side test/approaching worthless or a delta/theta ratio >1.0. (The ratio is currently 5.97/10.48 or .57).by NaughtyPines1
Opened (IRA): IWM July 22nd 162 Short Put... for a 1.65 credit. Comments: Did some in the Q's, some in SPY ... . Figured that I might as well go for the trifecta. Targeted the <16 delta strike in the expiry nearest 45 days' duration paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market. Will look at net delta tomorrow and determine whether I need to adjust my hedges to keep net delta "happy."Longby NaughtyPines0
Rolled (IRA): IWM June 17th 179 Short Put to July 22nd 169... for a 1.03 credit. Comments: Mechanically rolling out at 50% max to the <16 delta strike paying around 1% of the strike price in credit in the expiry nearest 45 days. Total credits collected of 3.76 (See Post Below) plus the 1.03 here for a total of 4.79 relative to the July 22nd 169 short put value of around 1.80, so I've realized gains of 2.99 ($299) so far. Doing this reduces risk not only because the strike is lower, but also because I collected a credit to do it, reducing my cost basis even further.Longby NaughtyPines2
$IWM Analysis, Key Levels, and Targets$IWM Analysis, Key Levels, and Targets I do not have a position at this time, but here are some levels that I’m watching…. Any pull back near the dotted light blue line and I’m buying ITM calls… anything above 205 (maybe even 200) and I’ll buying ITM puts…. Have fun, y’all… —- I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed. GL and happy trading. IF you need anything analyzed Technically just comment with the Ticker and I’ll do it as soon as possible… Longby SPYder_QQQueen_Trading10
Harami cross for the $IWMThe small caps had an impressive rally this week. On Friday, amid general weakness in the markets, the $IWM posted a harami cross. From a technical analysis perspective, this candlestick is a warning sign for a possible reversal. However, in order to get bearish on this sector, we would need to see some continuation to the downside early next week. For now, all that this candle tells us is that the market is somewhat indecisive. We are going from bullish to neutral into next week with regards to the $IWM. by Eclubtrading0
Indices forming an intraday pennantAppears to be an intraday pennant on the 4 major indices (SPX, NDX, DJI, Small Caps). Could go either way either way Monday. I just have some PTON puts because it's total garbage, but even garbage will float on a rising tide. just a small play. In any case, I don;t expect the market to do anything in the last hour, but we'll see. My futures indicators are still trending bearish.by hungry_hippoUpdated 8
Closed: IWM July 1st 173/194 Short Strangle... for a 4.58 debit. Comments: Plain Jane profit-taking. Collected a total of 6.33 in credits. (See Post Below). Closing out here results in a net profit of 1.75 ($175).by NaughtyPines3
IWM/RUT Wyckoff Distribution is BACK!?About 3-4 months ago, I mentioned that the Russell 2k was showing signs of distribution (huge consolidation before a downtrend). I outlined where big money was selling and where they flipped short. Since the breakdown, we have seen nearly 3 months of consolidation. One could argue that the consolidation was symmetrical with higher highs and higher lows. That, my friends, would be the makings of a BEAAAAR FLAAAAG. If this bear flag correctly plays out, the target to the downside would be about 170 which is former resistance AND a previous gap. Closing above the previous local high at 205 is probably a good stop out. Shortby Decam9Updated 3
6/1/22 IWMiShares Russell 2000 ETF ( AMEX:IWM ) Sector: Miscellaneous (Investment Trusts.Mutual Funds) Market Capitalization: $$-- Current Price: $184.26 Breakout price: $187.85 Buy Zone (Top/Bottom Range): $183.95-$168.15 Price Target: $189.60-$204.00 (1st), $249.20-$278.80 (2nd) Estimated Duration to Target: 172-180d, 412-422d Contract of Interest: $IWM 12/16/22 200c, $IWM 6/16/23 210c Trade price as of publish date: $7.86/contract, $9.41/contractLongby lord_catnip0
Where are we IWM?Where are we IWM? Here's a Mega Triangular Trend Channel MTTC2.0 (beta) set to 200SMA with 19 levels. And my tickerTracker MFI Oscillator set to 20 with SPY, VTI, QQQ, IWM & DIA. Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends... *3x lucky 7s of trading* 7pt Trading compass: Price action, entry/exit Volume average/direction Trend, patterns, momentum Newsworthy current events Revenue Earnings Balance sheet 7 Common mistakes: +5% portfolio trades, capital risk management Beware of analyst's motives Emotions & Opinions FOMO : bad timing, the market is ruthless, be shrewd Lack of planning & discipline Forgetting restraint Obdurate repetitive errors, no adaptation 7 Important tools: Trading View app!, Brokerage UI Accurate indicators & settings Wide screen monitor/s Trading log (pencil & graph paper) Big, organized desk Reading books, playing chess Sorted watch-list Checkout my indicators: Fibonacci VIP - volume Fibonacci MA7 - price pi RSI - trend momentum TTC - trend channel AlertiT - notification tickerTracker - MFI Oscillator www.tradingview.comby Options360Updated 660
Rolling: IWM July 1st 158 Short Put to July 1st 173... for a 1.64 credit. Comments: Rolling up the short put aspect of my July 1st IWM short strangle, the short call of which is at the 194 to cut the delta/theta ratio to around 1:1. Total credits collected of 6.33. It's now delta/theta -12.03/14.85.by NaughtyPines2
Bulls look tired, they pushed SPY, QQQ, IWM into the supply zoneSPY, QQQ, IWM printed buying exhaustion signals I expect to get a pullback next weekShortby CastAwayTrader111
Rolling (IRA): IWM July 1st 154 Short Put to July 8th 164... for a 1.04 credit. Comments: With the July 1st 154 at greater than 50% max, rolling it out to the <16 delta strike in the expiry nearest 45 days paying at least 1% of the strike price in credit. Total credits collected of 1.64 (See Post Below) plus the 1.04 here, for a total of 2.68.Longby NaughtyPines2
Swing long IWM 175.26Daily stoch heading up also making higher lows Vol stink tight trailing stop Weekly on bottom sideways target is 185Longby john12Updated 1
Rolled: IWM June 17th 165/200 Short Strangle to July 1st 158/194... for a .90 credit. Comments: Locking in some realized gain here on this little bounce, recentering side risk, and receiving a credit all at the same time. I rolled both sides to the 16 delta strikes, so that the position is back to delta neutral. Total credits received of 4.69, relative to a current short strangle price for the July 1st 158/194 of 3.28, so I'm up 1.41 ($141) on the position.by NaughtyPines225
Another Straight Forward Trade DIA and IWM are both pretty under-rated stocks to day trade. IWM is actually slightly better than DIA because it has similar options liquidity and expiries to SPY. IWM is set up really nicely for either a swing short or intra-day short plays. We have IWM confined to a downtrend for the past little while. And while SPY and DIA were somewhat able to break out of their downtrend, only to come crashing back down today, IWM has pretty much remained within this channel. On the 1 hour we see it set up pretty nicely. We also see a nice little bear flag. I mean this doesn't need much more analysis, its pretty straight forward. Based on math projections, we can expect to break at least to but likely below 173.75 tomorrow. If you want to swing for a bit of a larger gain, I would actually say IWM is set up okay for that as well. Conservatively I would set your first target to 170. Just my thoughts and what I'm seeing! Trade safe everyone! Shortby SteverstevesUpdated 111115
Opening (IRA): IWM July 1st 154 Short Put... for a 1.64 credit. Comments: Keeping on keeping on ... . I don't have much IWM on, so am selling something new in the July 1st expiry, targeting the <16 delta strike that is paying at least 1% of the strike price in credit to emulate dollar cost averaging into the broad market.Longby NaughtyPines3
Rolling (IRA): IWM May 27th 183 Short Put to July 1st 179... for a 1.72 credit. Comments: Staying mechanical and rolling to the strike nearest 45 days until expiry for a credit that is about 1% of the strike price. Total credits collected of 8.54. Although it's in-the-money, my cost basis is now the short put strike (179) minus total credits collected (8.54) or 170.46 relative to where it's currently trading at 176.40.Longby NaughtyPines2