$IWM Key Levels, Analysis, & Targets $IWM Key Levels, Analysis, & Targets
So I haven’t traded IWM in a while, so my strikes are kind of close together…
Right now I’m in puts
Long 200, Short 196 on the 17 June expiration.
As soon as either side get’s challenged I’ll adjust. And when the opportunity presents itself I’m going to leg into the call side as well…
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On the Put side:
When VIX goes up, roll long puts down and short puts up to collect premium.
When VIX goes down, roll short puts down and long puts up, to strengthen your position.
On the Call side:
When VIX goes down roll long calls up and short calls down to collect premium.
When VIX goes up roll long calls down and short calls up to strengthen your position.
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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…
IWM trade ideas
iShares Russell 2000 short...Hi! this analasys is about shorting ETF. As you can see at chart, we see the trend is broken and 20SMA, 50SMA and 200SMA is crossed. In same time we have bearish flag pattern and i am waiting for to break lower trendline of flag pattern. My TP is 171.00 and SL is 209.46.
Note: DISCLAIMER!
Please do not use this information to make investment decision!
This is only for educational purposes.
WYCKOFF DISTRIBUTION ENDING IWM Phase E depicts the unfolding of the downtrend; the stock leaves the TR and supply is in control. Once TR support is broken on a major SOW, this breakdown is often tested with a rally that fails at or near support. This also represents a high-probability opportunity to sell short.
Opened: IWM May 20th 176/229 Short Strangle... for a 1.19 credit.
Comments: A bit of an experiment here, selling the 90 day duration 2 x expected move strikes in shorter duration. Using the June 30th expiry (86 days) as the basis for this setup, I looked at the strikes nearest the 16 delta in that duration, and then sold premium in those same strikes in the expiry nearest 45 days. The benefit is a higher probability of profit setup, with the trade-off being less credit received.
I'll look to manage it, however, like any other short strangle -- rolling in untested sides, taking profit at 50% max and/or rolling to a delta neutral setup in longer duration for a realized gain and a credit.
Another IWM false breakout?The Russell 2000 tricked longs back in the fall of 2021 and that "false breakout" led us to a breakdown.
Once again, the break back above the 209.50 level this week may have led to another "false breakout." Can we see a move to the 188.00 level and beyond?
I think bulls have something to think above. Fool me once.
Perfect Retracement for Small Cap Index The Russell 2000 index $IWM retraced and bounced perfectly off the 38% fibonacci level. Actually it bounced twice, which created a double bottom at the 38% retracement level. This strong level of support suggests the bottom may be in and small caps may start to lead the market up again.
IWM 191/186 Put Credit Spread - Apr 29thPut Credit Spread
Strikes: 191 short / 186 long
Credit received: 0.51
Max loss = 5.00-0.51 = $449
Hey Everybody! I have not posted a new trade idea since march 10th, due to a combination of life being busy (part time trader) and the fact that I really wasn't sure where to place my trades with current market conditions. Unfortunately this has lead to my portfolio having 0 positions, so I have been itching to get a position on to generate some returns. Might not be the best solution, but a small position to keep me interested won't hurt that much if it goes against me.
Rationale for this trade:
1. IWM seems to have found another range here from 192 to 209. I like to play these ranges when I can enter into a position that meets return requirements (10% Return on margin) and also provides a significant margin of error or entry point. In this case, the short leg at 191 puts me just outside this range, and paid enough to enter the trade.
Trade Management:
My normal rule is -200% of credit received stoploss or 50% take profit, given that we are currently at the top of this range, if we move back down towards my strike I will likely take this off earlier and look to reset once we show signs of upwards strength.
Russel2000According to the Russel2000 index, I change my idea to the opposite one. The index cannot overcome the resistance level, which has served as a support level for it for more than a year. A flat is formed, which in this case serves as a pattern to continue the downtrend. The target level for moving down is the level of $160. The fall will not be fast.
Russel2000, Small CapsShort-term forecast for Russel2000, relevant mainly for small caps companies. The index, starting in September 2020, bounced off the support level of 2100 several times, and on December 20 of this year found itself in the superpoint zone, from where it went up strongly yesterday. Growth is expected to target up to 2500, up to the support level of the sloping resistance. Having reached this target, the index will behave like the S&P500, as indicated in the previous forecast - it will begin a correction.
In terms of growth, we fit into Santa Rally - that is, the beginning of January, which is in good agreement with the previous forecast for the S&P500. You can short-term reject patterns in long at small caps, or unload positions that you do not like, since the bulk of the companies that make up this index are unprofitable.
I do not recommend accumulating short positions on this movement, they will probably try to endure it.
Rolling (IRA): IWM April 8th 175 Short Put to May 6th 185... for a 1.69 credit.
Comments: With only .17 left in the April 8th 175, rolling it out to the <16 delta May 6th strike paying at least 1% of the strike price in credit. Total credits collected: 4.08 (See Post Below) plus the credit received here of 1.69, for a total of 5.77 relative to the May 6th 185 short put value of 1.81, so I've realized gains of 3.96 ($396) so far.
NEXT LEG DOWN SET IWM The chart posted is one of the most important charts as it s decline was a perfect A=C IN A ABC TO .382 I have a panic cycle to start and be in full force on march 25th and the bottom for this year in the bear market is due april 7/10 date I have moved out of ALL LONGS ACROSS THE INDEXES AND I am now 100 % short sp 4511 and qqq at 354.6