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IWM

Rolled (IRA): IWM May 6th 185 Short Put to May 27th 183... for a 1.05 credit. Comments: 50% max roll to the <16 delta strike in the expiry nearest 45 days that is paying around 1% of the strike price in credit. Total credits collected of 5.77 (See Post below) plus the 1.05 here for a total of 6.82 versus the 1.86 or so the 183 was paying, so I've realized gains of 4.96 ($496) so far. The May 27th 16 delta is just barely paying 1%; otherwise, I probably would have done a "window dressing roll" from the 185 to the May 27th 175 for a small credit to milk the remaining extrinsic out of the option while reducing risk (since it's farther out-of-the-money) and buying power effect (since it would've been a lower strike).
AMEX:IWMLong
by NaughtyPines
$IWM Key Levels, Analysis, & Targets $IWM Key Levels, Analysis, & Targets So today with Vix up over 5% (up to 7, but I rolled around 5.5%) I took advantage and rolled my Long puts up to 203, and my short puts up to 193, making my strikes a little wider and setting up to collect more premium when vix goes back up. My long strikes are still ITM, and the short strikes are a little further down. And sell target is still 184… —- 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…
AMEX:IWMShort
by SPYder_QQQueen_Trading
4
$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… ----- --- 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. —- 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…
AMEX:IWMShort
by SPYder_QQQueen_Trading
GOLDEN RATIO TURNS PAST AND FUTURE 2022 All turns past to present and including the PANIC CYCLE FOCUS DATE MARCH 18/21 2020 are moving forward and all within 2 to 13 days on long term basis .I see a rally to a new high if we can hold 21 % decline within the sp 500 this rally will be a min of 14% but no more than 19.8 to 20.5 % from this low . Fractals second basis other than the Golden Ratio and SPRIALS are pointing in the same patterns It will see a very good low on oct 4-10 plus or minus 6 days at most best of trades ! WAVETIMER
TVC:SPX
by wavetimer
1
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.
AMEX:IWM
by NaughtyPines