IWM/RUT down to 130+ zoneRUT is in 1-2 structure and is ready for a move down in wave 3 of C. It might still try to push up until mid April though I don't expect to see a major move. Whole structure should bottom by mid August in 130+ area.
IWM trade ideas
Opening (IRA): IWM May 19th 155 Short Put... for a 1.55 credit.
Comments: Adding a rung out in May, targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market.
Opening (IRA): IWM April/May 150/140 Short Put LadderAdding in May and June at strikes below what I currently have on in those expiries, targeting the <16 delta strike paying around 1% of the strike price in credit.
May 19th 150: 1.75 credit
June 16th 140: 1.58 credit
Opening (IRA): IWM May/June/July 145/135/130 Short Put LadderComments: Adding to my IWM position here on weakness, high IV, targeting the <16 strike paying around 1% of the strike price in credit.
May 19th 145: 1.46 credit
June 16th 135: 1.34 credit
July 21st 130: 1.54 credit
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 took a little IWM as an undercut and RAlly trade... good risk reward trade.. and still small position size.. im just kinda learning about U&R so we will see.. along way to go studying it and all..
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!
IWM Bullish Crab PatternIwm dissplaying very bullish signals here. Tempery bottom confirmed. Many techs stocks have been running already such as $AMD $MARA $Bitcoin $NVDA...
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 Head and shoulder pattern completed at December lows or 170..
Next move is to retest that neck line at 181 but the first target will be 177...
177 will be a tough nut Crack. Look to cover and renenter over 178 if there is a struggle at 177
RUSSELL 2000 ETF Chart Fibonacci Analysis 031423 1) Find a FIBO Slingshot
2) Check FIBO 61.80% level
3) Entry Point > 173 /61.80%
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.
RUSSELL 2000 ETF Stock Chart Fibonacci Analysis 030923 1) Find a FIBO Slingshot
2) Check FIBO 61.80% level
3) Entry Point > 185/61.80%
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
Opening (IRA): IWM April 21st 167 Short Put... for a 1.74 credit.
Comments: Adding rungs in broad market here on this weakness, targeting the shortest duration <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market.
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.
Rolling (IRA): IWM April 21st 166 to 174 Short Put... for a .77 credit.
Comments: (Late Post). Rolling up for a realized gain to the <16 delta strike paying around 1% of the strike price in credit. Total credits collected of 1.68 (See Post Below) plus the .77 here for a total of 2.45 ($245).
