Rolling: IWM August 19th 192 Short Call to 183... for a 1.27 credit. Comments: Delta balancing my IWM short strangle a smidge ... . Total credits collected of 4.08. End-of-day delta/theta 4.86/11.98. Will look at managing any remaining setups that are "out of kilter" on Friday.by NaughtyPines2
Rolling: IWM August 5th 158/187.5 to August 19th 158/192... for a .46 credit. Comments: Locking in some realized gain and recentering risk/balancing delta. Total credits collected of 2.81. Delta/theta 2.69/10.46.by NaughtyPines1
Opened (IRA): IWM August 5th 154 Short Put... for a 1.56 credit. Comments: Adding back in some long delta here in IWM, targeting the <16 strike in the expiry nearest 45 days paying around 1% of the strike price in credit.Longby NaughtyPines1
Closed: IWM July 29th 145 Short Put... for a .46 debit. Comments: Opened for a 1.91 credit (See Post Below); out during Friday's session for .46. 1.45 ($145) profit.by NaughtyPines0
Closed (IRA): IWM July 29th 140 Short Put... for a .53 debit. Comments: In for a 1.49 credit(See Post Below); out at >50% max here on movement plus volatility contraction. .96 ($96) profit.by NaughtyPines0
Closed (IRA): IWM July 1st 154 Short Put... for a .10 debit. Comments: Opened for a 1.64 credit (See Post Below). Closing here for .10; 1.54 ($154) profit.by NaughtyPines0
Rolling: IWM July 22nd 167.5/172 to August 5th 158/187.5... for a 6.04 debit. Comments: Rolling out and paying a debit here that is smaller than total credits collected to reduce buying power effect. Up to this point, I'd collected a total of 8.39 in credits, so I'm still net credit on the setup by 2.35, but it's currently marking at 4.57 or so, so I'm down 2.22 on the position at this point. The setup, however, is now "delta/theta happy" at -4.03/12.39 and isn't being such a buying power pig.by NaughtyPines0
Russell 2000 reconstitution 6/27On June 27, the popular Russell indexes will get their annual refresh, an event that has historically triggered major market volatility in dozens of impacted stocks. Every year on the fourth Friday of June, the Russell 1000, Russell 2000, Russell 3000 and other Russell indexes are reconstituted. The day of the annual Russell reconstitution has often been one of the highest-volume trading days of the year, largely thanks to institutional investors and funds that track the Russell indexes adjusting their holdings to reflect the updates. This year, the Russell U.S. Index reconstitution will occur before the market opens on June 27. (Source: Forbes) Here's levels on the IWM 4-hour chart: R3 = $180.03 R2 = $176.63 R1 = $173.23 pivot = $169.84 S1 = $166.44 S2 = $163.04 S3 = $159.65 Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends... *3x lucky 7s of trading* 7pt Trading compass: Price action, entry/exit Volume average/direction Trend, patterns, momentum Newsworthy current events Revenue Earnings Balance sheet 7 Common mistakes: +5% portfolio trades, capital risk management Beware of analyst's motives Emotions & Opinions FOMO : bad timing, the market is ruthless, be shrewd Lack of planning & discipline Forgetting restraint Obdurate repetitive errors, no adaptation 7 Important tools: Trading View app!, Brokerage UI Accurate indicators & settings Wide screen monitor/s Trading log (pencil & graph paper) Big, organized desk Reading books, playing chess Sorted watch-list Checkout my indicators: Fibonacci VIP - volume Fibonacci MA7 - price pi RSI - trend momentum TTC - trend channel AlertiT - notification tickerTracker - MFI Oscillator www.tradingview.comLongby Options360Updated 331
IWM Fakeouts Are a Tradeable TrendThe Russell likes its fakeouts. We had two to the upside recently. We could be seeing a fake breakdown developing now. $170 is the level I'll be watching. A close above there on Friday would be a trigger a long with a target of $185-$190.Longby mroberts12041
IWMThe set up from LT support off the bottom channel has Nuked (of course) and I say that b c this year is the year where everything looks like a perfect set up that just nukes. (except oil trades) At this point IWM can still be an over throw, if small caps are pricing in all this inflation & War in Ukraine & recession talk. If the chart is to follow NQ then we have much more pain ahead. Looking at OTC stocks I am really unsure as to how much more pain can be endured. They all seem pretty bottomed. So watching for an MM overthrow here and confirmation would be working the candle sticks back into the LT channel IMO.Longby Big_Mike7162
Rolled: IWM July 22nd 176 Short Call to 172... for a 1.35 credit. Comments: Rolling down the untested side of my July 22nd short strangle, the short put leg of which is at the 167.5. Total credits collected of 8.39. End of day delta/theta 7.48/19.31.by NaughtyPines0
$IWM Analysis, Key Levels, and Targets$IWM Analysis, Key Levels, and Targets I’m calling bottom here… —- 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… Longby SPYder_QQQueen_Trading336
Opening (IRA): IWM July 29th 140 Short Put... for a 1.49 credit. Comments: Targeting the <16 delta strike paying around 1% of the strike price in credit in the expiry nearest 45 days to emulate dollar cost averaging into the broad market.Longby NaughtyPines1
Rolled: IWM July 22nd 187 Short Call to 176... for a 1.89 credit. Comments: Rolling down the untested side ... . Total credits collected of 7.04 with 160.46/183.04 break evens. With delta/theta at 29.47/16.08, the setup could benefit from a bounce ... .by NaughtyPines3
iwm gap filled , first index to retrace to pre-covid highsseems like this thing should begin to stabilize as other indexes complete their selling...we'll see by rg16180
Russell ready to rally✔️Gap has been filled from November 2020. ✔️Bullish divergence on multiple time frames (4H, daily, and weekly) ✔️Put/Call ratio over 1.2 Looking to run to $178. Longby anAirdrop115
$IWM — Gap Fill Very high chance of this gap - at $165 - filling to the downside. It's just a matter of when - not if. Very possible that we see zig-zagging A B C D patterns to the downside before it fills - I don't think we will waterfall down to that level. Shortby OptionsAddictsUpdated 9
170 and 140 are critical support for IWMPay attention to price action around the 170 and 140 price range, these are the major supports I see.Shortby Johnny_Nickles1
Opened (IRA): IWM July 29th 145 Short Put... for a 1.91 credit. Comments: Targeting the <16 delta strike paying around 1% of the strike price in credit in the expiry nearest 45 DTE.Longby NaughtyPines2
Rolled: IWM July 22nd 197.5 Short Call to the 187... for a 1.40 credit. Comments: Rolling down the untested side of my July 22nd short strangle. Total credits collected of 5.20. Delta/theta 23.62/15.41.by NaughtyPines2
Buying the FibHad to step up at the end and buy some based solely on it's hit on the 50% fib correction. David Halsey wrote a book called Trading the Measured Move. Generally directed for short term traders with short term moves, I'm still applying the concept that stocks will retrace 50% of the move and then rally to the .236 fib. Worth a shot with blood in the street today. No one on the market news has had one positive thing to say, preparing everyone for lots more down to come. Worth a shot for obviously, a long term position.kLongby Glewis540
IWM pivot points and volume by price areasIWM pivot points and volume by price areas. Red lines indicate pivot points. Purple lines are volume by price areas. Yellow lines (if present) are weekly price gaps.by UnsungTraderTV0
Opening (IRA): IWM July 29th 155 Short Put... for a 1.61 credit. Comments: Targeting the <16 strike in the expiry nearest 45 days paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market. Still have July 1st, July 8th, and July 22nd rungs on.Longby NaughtyPines2