IWM Russell 2000 RUT affected by the SIVB collapse! Puts to buy!After the last RUT Russell 2000 Price Target was Perfectly reached:
Now you need to know that many of the Russell 2K companies will be impacted by the SIVB collapse.
Roughly 50% of the US venture capital-funded startups are clients of SVB , potentially putting 65,000 startups at risk of payroll disruptions. Such a situation could have significant consequences for the startup and tech sectors.
Silicon Valley Bank did business with FTX, plus many other formerly overvalued tech companies.
With $210 billion in assets, $SIBV was the 15th largest bank in the US in terms of deposits.
IWM puts considering buying:
2023-4-21 expiration date
$169 Strike Price
$3.65 Premium
Looking forward to read your opinion about it!
IWM trade ideas
IWM IS NOW A BUY LOOK FOR IT TO RALLY IN AN ABC FOR 1.5 WEEKS The chart posted is now ending a clear 5 waves down to end wave 1 of the CRASH OR IS 5 DOWN FOR WAVE C OF B BOTH SAY TO COVER SHORTS IN THIS ONLY INDEX AND LOOK FOR THIS INDEX TO RALLY DO NOT ATTEMPT TO THINK IT WILL BE THE OTHER INDEXS AS MUCH
Opening (IRA): IWM April 6th 168/June 16th 197 LPD*... for a 21.30 debit.
Comments: Re-erecting my short delta hedge in IWM against my long delta portfolio. Buying the June -90 delta put and selling the April 6th +30 one. This isn't greatly ideal here with small caps being at the low end of their range, so wouldn't recommend doing it as a standalone short ... .
Metrics: 21.30 cost basis with a 175.70 break even on a 29 wide.
* -- Long Put Diagonal.
IWM - Russel With MeSometimes you just look for the look... as far as Elliot Wave is concerned, if this plays out, it will complete the look of IWM's long-term path and set it up for a massive ride higher once this correction has completed. Triangles are best drawn after they have completed, but sometimes you can front run a pattern and still be predictive in nature. So, if this triangle doesn't mature, I still expect the lows that are depicted to be tested - as a retracement into that region would definitely create the look we'd look for so we can feel comfy about going long and strong! GLTA!
Have You Considered A Ride Down IWM 170? AMEX:IWM 50 MA crossed down the 200 MA on the daily and 4H timeframe. The daily chart shows a lot of sellers. IWM also made lower highs on the weekly timeframe. Also, the exchange traded fund is resting on a trendline that it's maintained since March 2020! If we break down below 170 and it holds, IWM should see more downside. The weekly chart shows an increase of sellers between last week and this week. Last but not least, the etf shows a shooting star candle that printed on the weekly chart (March 13-17, 2023). Therefore, my plan is to short IWM below 170!
I will ride down IWM 170 (provided price gets there of course).
*This is not financial advice
Peace & Harmony,
MrALtrades00
Opening (IRA): IWM March 24th 175/May 19th 202 LPD*... for a 20.52 debit.
Comments: Resetting my short delta hedge against a long delta portfolio ... . You know the drill: buying the -90 put in the back and selling the +30 delta put in the front.
20.52 cost basis with a 181.48 break even on a 27 wide.
* -- Long Put Diagonal.
IWM rejection at the 18 monthlyAlthough there is support for IWM between 182-1, I think the real target will be the combination of the monthly BB and 100 ma, around 158-156. Structural trendline (purple) looks right and it's no surprise it showed up at the 18ma exactly to regect the advance.
IWM divided by SPY is a bull flag, so I expect IWM to sell off much more than spy once it breaks out - which looks to me like it could happen this month.
Good luck!
Opening (IRA): IWM March 10th 182/April 21st 204 LPD*... for a 16.20 debit.
Comments: Re-erecting my short delta hedge in IWM after taking off my earlier setup in profit. Back the -90 delta put in the back and selling the 30 delta put in the front. 16.20 cost basis with a 187.50 break even on a 22 wide.
* -- Long Put Diagonal.
IWMSmall caps underperformed here.
IWM closed right on that 188 support with a bearish engulfing candlestick.
Below 188 and we head to 185. 185 will be a tough nut to Crack, just throw on your EMA and look. If we drop below 185, I'd be looking at a trend reversal to 177-180.
If 188 holds then there's no short here and I'd look for price to go back and test that white trendline resistance
IWM Wed Swing Turtle Soup LongToday was one of the most difficult trading days many have seen. It had me thinking. Generated buyside liq above Mon and today's high. Also relative highs with last Thursday's high.
The 4 day trading week generated some buyside as well, yet also comes with some bearish undertone. One could argue we have yet to make a daily lower low in this trend.
You know how last week was a 4 day trading week? There's some unbalanced price ranges in the premium market that could go for some balancing. PMI is projected to release higher than prior. and that would carry volume.
There is also intraweek buyside above the 4 day week's highs that could be swiftly repriced to. I'm thinking we may end up having a Wednesday weekly reversal to the upside.
We have some bullish structures to base trades and risk off as well. 1hr OB provides decent upside targets considering the timeframe and relative risk.
Market just feels like it's in seek and destroy. Might as well attempt to take advantage of volatility!
Opening (IRA): IWM Feb 24th/April 21st 185/208 LPD*... for a 17.30 debit.
Comments: Resetting my broad market short delta hedge against a long delta portfolio in IWM here buying the back month -90 delta and selling the front month +30 delta. Cost basis of 17.30 with a 190.70 break even on a 23 wide.
* -- Long Put Diagonal.
Opened (IRA): IWM July 21st 155 Short Put... for a 1.87 credit.
Comments: Did a few things right at the close ... . Went out a smidge more long-dated since I have positions on in April, May, and June. Just looking to get more capital deployed. Targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into small caps. Will generally look to do something at 50% max (e.g., roll up, roll out, etc.).
Opening (IRA): IWM October 14th 160/December 16th 194 LPD*... for a 26.09 debit.
Comments: Short delta hedge against a long delta portfolio. 26.09 cost basis on a 34 wide with a 167.91 break even, a 7.91 ($791) max, and a 3.96 ($396) 50% max. The preference would be to put these hedges on in strength, so probably not the best setup as a standalone trade.
* -- Long Put Diagonal.