Monthly Income Series IWMOur IWM has been sideway for many months.
In view of market situation currently, we should have a last wave of uptrend and the heading south.
So for now, I will still stand my view for IWM as slight uptrend will stronger sideway for short term view.
From the chart, as usual i will most based on my Ta analysis, by drawing channel trend line, as well as Fib Retracement
which has proven it work for IWM for the past 4-5 months.
While i am waiting my previous monthly income series analysis on IWM, to expect IWM July options to expire OTM in 2 weeks time,
with next monthly options August options DTE in around 40 days time, i would like to enter my trade on IC on IWM on below:
STO Bear Call Spread 145/147
STO Bull Put Spread 135/133
forming IronCondor for Aug options @ $0.64, with BPE a contract of $141 with DTE 42 at the point enter,
it worked out a good ROI per day.
