Get started
iShares Russell 2000 ETFiShares Russell 2000 ETFiShares Russell 2000 ETF

iShares Russell 2000 ETF

No trades
See on Supercharts
Overview Analysis News
Ideas
Discussions Technicals Seasonals Options

IWM trade ideas

$IWM - our next ATH leaderGuys - this thing is going to absolutely shred on the next leg up. All dips here are a buy (with time because market flushes will make this drag out). What I am seeing is a nested WXY move looking for our wave 2 bottom, and then rippy mode will be engaged. Dont be late to this parade is my recommendation. Enter on any dip and just hedge appropriately incase a rug pull occurs if we somehow default (which I highly highly doubt will happen). Expect some strength here again this week on a 3 swing, but then we should see the rejection again sub 230. From there we will get a nice ABC ride down to find our wave 2 bottom. BUY THAT DIP IF WE SEE IT!!! Side note: in case wave 2 bottom is already in - a break above 230 and all hands on deck because I think 235 then 240 are coming fast!
AMEX:IWMLong
by btwice53190
1
$IWM - bull count & index ramble in descriptionYesterday made me start to favor the bull count across the indexes, WHY? because yesterday was looking like it should have been the flush and there was no follow through. It appears we are going right back into melt up mode then we will front run a flush again for OpEx. That Opex flush is going to be wave 2 across all of the indexes, not produce a new bottom, but it will likely be violent. Either way I will stay hedged with time on contracts to catch the next melt down whether it is next week or the week before OpEx. Either way there is my index ramble. I see IWM as bullish. I think we will fine a wave 1 top soon (could possibly even get into 230s) then violent flush for a 2, but must hold 214 low to be valid. From there ATH's here we come!
AMEX:IWMLong
by btwice53190
Opening (Small Account): IWM November 19th 198/204/2 x 246/249... "Double Double" Iron Condor for a 1.08 credit. Comments: If IWM is going to give me rangebound, I'm going to play it rangebound. Here, a "double double" iron condor to accommodate call side skew. To do this, I went 6 wide on the put side, but 3 wide on the call side with the short call legs at around 1/2 the delta of the short put leg, but double the number of contracts. (Double the number of contracts on the call side, double the width of the call side spread on the put side; hence, "Double Double."). This results in a delta neutral setup with spreads on both the put and call side that are fairly equidistant from where price is current trading and wide of the range IWM has been hanging out for the past several eons. Additionally, you're not tying up additional buying power by doing things this way, since a 2 x 3 ties up the same buying power as a 1 x 6. 22.0% ROC as a functional of buying power effect at max; 11.0% at 50% max.
AMEX:IWM
by NaughtyPines
1