R2K ETF Bear Put Diagonal Spread Sep 221/Aug 215 for AMEX:IWM by DaddySawbucks

R2K ETF Bear Put Diagonal Spread Sep 221/Aug 215

Not overbought but acting rather Bearish. Took ten spreads Fri 13 Aug, in for net debit $4;
look for retest of support at 210-215 and the 200 MDA.

Might get a higher low; might just tank off. Serial rejections from $224 price on ETF over past weeks.

Kept expecting it to break higher but they sell every rally. Bearish until proven otherwise IMO.

Trade at ur own risk; GLTA!

Trade active

Closed position on gap deep ITM; re-entered late trade.

Moved ITM AH.

Trade active

This has been a reliable money-maker, closed on the gap. Look to re-enter on rally or retracement.

Trade active

Tried to scalp calls 3 times on this ETF, lost 2/3, it's Bearish. Get ready for a deeper selloff soon IMO

Trade closed: target reached

I'm out it tapped the line! Nice trade.

Note

Bouncing from 200MDA. Might get a fierce rally, trade with care!

Trade active

Back in on rally in the Sep 17.5 puts spread against 27 Sug 12.5P, ten spreads.

Trade closed: target reached

Closed AGAIN on double tap the 200 MDA. Amazing. Take what the market gives you!

Note

Gone oversold at lower target price ~212. PROBABLE BUY ZONE IMO, BE WARY!!

Trade active

Bought IWM calls EOD Thurs and added on early weakness Fri AM; flipped ITM for more bank.

Not smart to hold over weekend IMO, guard your gains!

Note

Be Glad u closed ur shorts Thursday!! I feel for you if u did not heed my warning, probably gonna get higher until Tues IMO

DaddySawbucks

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