IWMDaily Report IWM price action is looking weak. It had a 2% down day with increase in volume. So it looks like the bears are motivated. The RSI just broke out to the downside so most likely the price will break down and head to 178 support level. Shortby pravenmoorthy0
IWMBearish engulfing candle today within the head & shoulders. Looking for lower the next couple weeks as long as it's below YTD VWAP, 50 sma, etc.Shortby Essendy0
Opening: IWM April 22nd 175/217 Short Strangle... for a 3.68 credit. Comments: High IVR/IV (73/35). Selling 15 delta on both sides. 3.68 credit on buying power effect of 21.09 (on margin). 17.4% ROC at max; 8.7% at 50% max.by NaughtyPines2
Closing: ARKK Position... for a 56.93 debit. Comments: Closing out the entirety of my ARKK position here, on which I collected a total of 33.94 in credits. This results in a 22.99 ($2299) realized loss. That's naturally "no bueno," but the buying power is better utilized elsewhere in something that is not so extremely broken or -- at the very least -- in a fresh, unbroken setup in the underlying.by NaughtyPines1
Closing: IWM April 8th 194C/201C Short Stranglefor an 18.11 debit. Comments: Collected a total of 19.75 in credits with this little fella, which started out as a 201 short straddle that I inverted defensively. (See Post Below). Closing out here for a 1.64 ($164) profit.by NaughtyPines1
Closing: IWM April 1st 194C/200P Short Strangle... for a 16.57 debit. Comments: This started out as a 200 short straddle that I inverted slightly. Collected a total of 19.32 in credits, so closing out here results in a realized gain of 19.32 - 16.67 = 2.65 ($265). Still have the April 8th 194C/201P inverted on (which also started out as a 201 short straddle).by NaughtyPines1
Rolling (IRA): IWM March 25th 178 Short Put to April 29th 170... for a 1.27 credit. Comments: The March 25th 178's at >50% max, so rolling out to the <16 delta strike paying at least 1% of the strike price in credit. Total credits collected of 4.36 (See Post Below) plus 1.27 or 5.63 relative to what the April 29th 170 is paying (currently 1.96), so I've realized gains of about 3.67 ($367) so far.Longby NaughtyPines3
IWM 175/170 Put Credit Spread - Apr 8thPut Credit Spread Strikes: 175 short / 170 long Credit received: 0.54 Max loss = 5.00-0.54 = $446 It has been a while since I posted and this is for a couple of reasons. 1. A short vacation away to kick back and relax 2. The markets have been chopping all over my currently open positions and taking longer to turn and burn trades, meaning there just was not much to do as I was very close to my % capital deployed limits. This trade is simple simple. I closed out my IWM 185/180 yesterday with the pop, so today I put on a 175/170 even further out. I could sit here and tell you how I think the market is going to go roaring back up due to X Y and Z, but the reality is I have no clue. I am simply identifying areas outside of the current range, that provide a decent margin of error and decent compensation. Then I manage the trade as needed and make sure to follow my rules of -200% SL and 50% TP. I think this needs to be said because as traders we are looked to for the answers but often we are just being mechanical. Would I like to be in a trend here where I could feel very confident about putting on a bullish trade? For sure, but that is not the case. And if we want to make money, we need to be in the game. This doesn't mean that I am not going to scale back position size and tighten other parameters such as delta etc. What do you do in times of uncertainty, I am curious to hear - leave it below! by ThetaTrades221
IWMOnce you see this h&s, it cannot be unseen. The more traders I see trying to call a bottom in the markets, the more confident I am that this resolves to the downside. Starter position into April 14 $165P's today.Shortby Essendy0
IWM 185/180 March 16 Put Credit SpreadTrade Credit: $0.55 = 11% Return on Margin Max Loss = 500 - 55 = $445 Strikes - Short 185 / Long 180 This morning I realized that I need to get more capital deployed based off of my trading plan (something I hope everyone has!) As such I went looking for trades, and today is not a bad day to enter trades. Reasoning is below! 1. Recent red days = Increased IV and increased Put prices (although this is slight reduced due to a large green morning) 2. Still bumping around in the trading range outlined by the white support and resistance lines 3. Todays green move up is above the prior two days candles move, and is the beginning of a confirmation of a possible move to the top of the range. If we are headed there, this trade will hit its take profit much earlier than expiration. I always try and keep these trades less than 30 DTE for 2 reasons: 1. it makes calculating expected return per month easier 2. Decay really ramps up after <45DTE and this just grows faster and faster. Ideally these trades are closed prior to <21DTE though as this is when other greeks can begin to bite you such as gamma. Questions. Comments? Put em below! Longby ThetaTradesUpdated 1010164
IWM swing puts between 200-202Here on this daily chart price is at the 20sma again in this sideways consolidation. RSI has not broken above 50 and stochastic looks like it might turn down soon. On the weekly chart price has been waiting for 10ema to catch up and then it may fall again. 201.75-202 is my ideal range to buy puts based on 30min chart. I started a position with price around 200.50 and will add more if target buy zone is reached.Shortby OptionsRising4
IWMBeautiful setup. Head & shoulders forming, in a downtrend, after a false breakout. Below $188 probably sees the pre-c0vid high of $170.Shortby Essendy4
$IWM HOLD or SELLGiven the current economic situtation, and having broken the last support, this ETF is expected to fall to around 168 USD (where pre-COVID resistance was). Since november 2020 it surepassed with great lenght this price level. FIB 0.618 seems to act as the new support level for the last couple of weeks. It's safe(ish?) to assume the downturn is limited to the levels we are in now. AMEX:IWMby finanzasalsur0
Rolling: IWM April 1st 201 Short Straddle to April 8th... for a 1.16 credit. Comments: Taking a little profit (1.40/$140) by rolling here. Total credits collected of 16.30 relative to a short straddle price for the April 1st 201 of 15.82.by NaughtyPinesUpdated 2
Rolling (IRA): IWM March 18th 181 Short Put to April 22nd 165... for a .69 credit. Comments: This isn't quite at 50% max, but only has 11 days to go, is in profit, and is the highest strike I've got hanging out there in IWM. I've collected a total of 3.83 (See Post Below) + the .69 here for a total of 4.52 relative to a current price for the April 22nd 165 of 1.80, so have realized gains of 2.72 ($272) in this puppy so far.Longby NaughtyPines1
$IWM trading it 3/7over 201 202.5-204 possible under 197 194-195.5 possible #intradayoptionstrading #daytrading NO bias, plan for red or green day. chop/ranging = hand sittingby takinprofitss1
Indexes Weekly Review 2/28/2022Last week ended with a lack of conviction from all the indexes. SPY, QQQ, and IWM failed to close above their resistance line or the low set on the week of Jan 24. Looking at the intra week action, we see that none of the indexes could last a day over their resistance line. IWM found resistance at the 2% filter off the channel and 40 day EMA. SPY found resistance at the 20 and 200 days EMA. QQQ found resistance at the 20 days EMA. Looking at the week ahead, we will get greater clarity if the downtrend will continue, preferably by recording a close below the low of the week of Jan 24th. There also could be a sign of a downtrend reversal by all three indexes closing multiple days above their resistance EMAs and resistance line. by Ronald_Ryninger0
$IWM Key Levels, Analysis & Targets$IWM Key Levels, Analysis & Targets My targets for the next swing. Target 1- 184.57 Target 2 - 159.26 Support around 142 (not labeled today) Let’s see what the IV is at the time when it hits to determine sell targets. GL & happy swinging… ----- — On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average. ONLY ADD at support levels & FIB levels… labeled (most of the time) (Support=Green, Resistance=Red, Trendlines=Blue) Fib will be labeled if any and their colors will vary.) I start every position with .5 - 1% of my account and build from there as needed and as possible. 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… Shortby SPYder_QQQueen_Trading558
what a strange strange game we playI have no words for this. But i think its pretty safe to say whats coming next.. Look at the same spot on a 3 or 5 min chart. and i bet you too will start getting excited. 3/11 190p for me. Good luck. Shortby Taterchip091
Clear as day distribution Familiar with Wyckoff? if so sure you see the chart playing as it should. clearly in phase D.. almost phase E. IF not, do some reach, pull up a distribution diagram. This is text book. Also something to note, Elliot 5 wave theory puts us in the same spot. Not to be forgotten. there is a gap a 165. Give it 3 or 4 weeks and this will back to pre covid levels. I see 188 by Wednesday. Good luck. Shortby Taterchip092
IWMThe chart pattern today looks similar to how it looked in December. Today would put us around December 27th where price consolidated for about a week after then moved up to test the 50 sma before a sharp drop. Just an observation.by Essendy223
Small Caps Poised to RallyConsolidation looks like its nearing the end, small caps are poised to outperform on the rising rates story and an "improving" economy. Seeing higher moves up on less effort, Point and Figure methodology points to a significant break out.Longby quantitativetendiesUpdated 3
$IWM Prepares for massive selloff following global crisesBearish Midterm...Will keep a track of this to see how it does.Shortby StockGuild1