IWM

CorrGL

I'm currently long on IWM, I'll sell when the date for the rate cuts approach, as I think it will keep appreciating at least until that point.

dimethylhyperspace

IWM calls too obvious? Last cut, the IWM mooned and the Q's tanked. I remember bc I had QQQ calls and was bamboozled

TheRealSlobberknob

Not to mention, isn't IWM more sensitive to rate cuts as it's small cap?

DontEvenWithMe1

Why are you in IWM puts when SPY will be tanking? There’s a tiny bit of crossover between those indices, but they don’t always run related tracks.

optionstrategy

Prediction SPY -20% in a day, actual trade: IWM otm puts. Damn you are regarded.

Least_Pumpkin2580

But IWM closed green. There’s an ongoing rotation to small cap/growth stocks the last few weeks pricing in a cut.

Wiscoguy1982

Its ticker better be IWM

Mharciello

DOW, dow jones > 0dtes calls IWM at open yomorrow

sloanemonroe

I can tell you what you should have done. Bought spy puts at the open and IWM calls at the bottom. Would be rich.

NotDiippy

Just yolod my last $9 in IWM puts at the top. Turned into $100

95Daphne

Just a completely brutal pump fake on the first 30 minutes, but I wouldn't get excited until it follows through on Monday if bearish, as 8/1 didn't follow through.  That said, I was wondering if whether IWM needed to test $240ish and see what happens, and it got close, and AI infra ex-semi is getting hammered...

creemeeseason

Some of the short positions on decent stocks is amazing. UFPT has like 20% of the float short. CRMD too. Interesting theory I heard: long short funds have been increasingly long on NVDA requiring more and more shorts to counter that position. However, the flip side is that of NVDA sells off, those funds will be forced to close those shorts which could lead to a really violent rally in small caps. IWM and oil both have near record short positions and could see similar rallies. Interesting theory, we'll see what happens with it.

ThinkingOfTheOldDays

into IWM for the day, idiots will keep bidding it up on this new belief of a 50 bps cut from fed. absolute retardation, but it is what it is

95Daphne

Unless we switch to IWM leading after the bell, I would say the market does have some minor concerns Tech seems to be affected by economic concerns the least.

DueHousing

Market crashes every time IWM pumps

trebuchetguy

First off, you're right. Depending on the ETF or stock, an 80 delta LEAPS may or may not be OTM on a 10% market pullback. Some high IV equities have 80 delta at a year out for about 25% below the current price. The more stable ones like IWM or UXL (which I run currently) are more in the 8-10% range before they're OTM. My default short calls are sold at 65 delta. I move it around depending on my outlook. I do weeklies. I will roll no matter what. This approach requires the management of liquidity. This part of my portfolio is 100% income only. I have everything built so I'm insulated from the rise and most of the fall of the underlyings. I'm just an extrinsic farmer. It keeps things simple. I have my traditional investment account for growth in times like these. ATM gives most extrinsic of course. There have been some backtesting efforts I've read that say 65 delta is better because the reduction in NAV erosion overcomes the loss of extrinsic premium income. I'm sure it really depends on the equity and the market conditions. You asked how long I hold the long calls. I roll them when they have additional value and I need to harvest some of that and recycle it back into covering calls. I usually don't get to a LTCG situation. If the market dies down, I probably will get that a little more commonly. I'm a child of the 2000 and 2008 crashes. I worry a lot about capital loss on my PMCCs and I want them to be a true all-weather play that can emerge and keep going in the ashes of a 50% crash like 2008/2009. One way people do that, and I'm likely going to retool for this, is the following. Instead of an 80 delta leaps, buy a 1 year long call ATM and a 1 year short put ATM. This creates a synthetic stock position and is extremely capital efficient. It moves with the underlying with a delta of 100. It also creates a margin headache since a reg T margin account wants a lot of cash for that naked put. However, if you buy a long put one year out at about 15-20% below current price, that improves the margin requirement considerably and makes you highly tolerant of a 2008 type crash. I want to be up and running in the ashes if we get such a crash again. If we don't, the long puts are insurance that I don't use and can write the losses off against gains. I got this idea from a trader I know to be pretty successful at this and he uses this approach and does ATM weekly short calls. He also keeps his liquidity between 40% and 50% of his account value. No way around it to play that game. One challenge I foresee is that as an equity's price rises farther away from the strike of that long call / short put combo, the margin required for the short calls increases. I can see rebalancing being required every month or two in a dynamic market to keep the margin requirements reasonable. I'm looking forward to learning about how these behave. A final comment on how often you have to buy-to-close these short calls if you're doing ITM or ATM. When you sell ITM calls, you are being compensated up front for the price / strike difference. If you end with the stock not moving a penny in that week, you might end up paying a couple hundred to close the position, but you only pay back the intrinsic part of what you got in the original premium. You still pocket the extrinsic.

DaFlyingGriffin

I absolutely loaded up on IWM puts for a month out right at close tonight for some damn reason, too. We are so screwed, man.

Thin_Cat8817

IWM going parabolic into a recession is bigly regarded

merchant91

Seems its a more a bet that interest rates will not be cut. No cuts and IWM goes down faster than SPY, DJI, etc

M4K4T4K

IWM is a good buy if you hurry quick

Admirable-Grass9225

IWM is back bois. Rotation from big bois to small "business" has begun. lets go stonks! 🚀🚀🚀

JeromePowellLovesMe

Feels toppy. Scaling into long dated IWM puts.

altonbrownie

I need IWM to open above $235. I’ll kiss a goblin if it does.

smart_doge

IWM

sharpetwo

Everyone wants the perfect csp ticker but the truth is you are not picking stocks: you are picking volatility regimes. When you do them, you basically sell crash risk insurance. You want names where: \- IV is rich relative to realized (variance risk premium exists). \- Indeed, liquidity is deep enough to get fair fills. \- Fundamentals are stable enough that a 30% gap does not wipe you. That usually points less to single names and more to index ETFs (SPY, QQQ, IWM) or liquid sector ETFs (XLF, XLK, XLE). You get diversification, tighter spreads, and you are not betting your account on whether some CEO go have a little fun with his head of HR. If you insist on single stocks do it data-driven: screen for names where put skew is elevated and the market is paying up for downside insurance. Starting by looking at how expensive IV versus RV is always a great place to start. If you can't do it in a data driven manner, you need to sell CSPs when the market is paranoid, not just because a stock sits on a watchlist. But if the market is paranoid, the risk is also probably there for a reason.... The edge in csp is not “finding the magic ticker.” It is in position sizing, premium vs risk.Then comes discipline on rolls/exits. But without that, the ticker list does not save you. Good luck.

Mharciello

IWM havung better price action regards

Gdap1992

IWM going on a moon mission I guess. Interesting

GamblingMikkee

IWM -0.6% lol

pmotiveforce

IWM puts for tomorrow: Done.

8lbs_overweight

Wow, IWM is just the biggest piece of shit

terdfergusonuf

Trading view has been a game changer for me. I had the free version I was going to run out until mid Sept but they were like hey flash sale 70% off premium. Already made enough just skimming IWM while in meetings. I understood some of what you said. Hungry to learn more. Congrats on your wins.

hadoeken85

These profits look a lot like my IWM calls lol

Asleep-Strike4978

So far up 12k. Sold CSP on UNH, CNC, and TTD. XLV and IWM up nicely.

Thin_Cat8817

IWM with absolute shrek candles, fakest market of all time

Stonkgeniuz

I need to straight 1% pump on IWM to save my ass over the weekend. Pray 🙏🏽

Thin_Cat8817

IWM moving down alone now? Sus

Stonkgeniuz

IWM $240 pls.

Thin_Cat8817

I guess IWM is done selling. dump for ants

Forsaken_Trainer_801

Can IWM just dump already. This 235 spot is fucking up my Friday.

Thin_Cat8817

IWM trying to pick itself up here. stay down bitch

Mharciello

IWM and SPX 0dtes only

Thin_Cat8817

IWM been stuck at 235 for half the morning, pick a fuckin direction

Thin_Cat8817

IWM having an absolute battle at 235 rn

Thin_Cat8817

very glad i diamond handed my 9/2 IWM puts through the green open

AyumiHikaru

Just look at IWM nothingburger here

Time_Minute_6036

Why is IWM dumping? Think it'll go back up?

Time_Minute_6036

IWM $237 today?

Time_Minute_6036

Maybe IWM is the play today

piszczel

imagine investing into IWM in 2021 and you're basically flat 4 years later

WhaleSmacker17

Its IWM winter, SPY summer officially OVER

tris_majestis

IWM going vertical premarket while SPY is red. Neat.

Wowmuchrya

Just keep in mind IWM also had the largest short interest seen since covid and every single hedgefund retard that shorted IWM with long dated strikes got obliterated last week… They also thought “ai” would “eat software” and so you get these monster squeezes on stocks like MDB, Snow, and Pure Storage. Sometimes they have no idea what they’re doing, and sometimes the plays are just hedges.

Separate_Asparagus94

IWM or qqq calls?

MeowMeowTiger

It's time to rotate to IWM https://preview.redd.it/2iordkxrlvlf1.png?width=3137&format=png&auto=webp&s=4723a7c6a0fb38abfff04d7de992400868dcbb58

dimethylhyperspace

I think the IWM is breaking fr fr

annoyed_meows

My favorite ETF to wheel is SMH, but IWM is good too. IBIT, that one is very volatile. Amazon and Google are staples. I also do brb.b but mainly bc i have a lot and it's less volatile. SPY is a favorite, but I dont do that one (no strong feelings for or against, I just don't).

UsedState7381

VT, Spy and IWM didn't.

Coffeewin

GLD weekly is a once a year setup, looks teed up and ready to go. The risk of not being positioned is worse then the risk of losing money. Surprisingly QQQ is relatively close to the mean compared to IWM, DIA, and SPX. I don't remember the last time that happened

Thin_Cat8817

IWM price guess tomorrow?

EvolvingDior

The disconnect between SPY and IWM is much too large. They will likely converge. Either SPY has to rocket up, or IWM has to drop.

itsnotshade

IWM heading back to ATHs is likely because it’s being priced for several rate cuts which is a big coin toss. Either way half of russell 2k is unprofitable and bankruptcies in the small caps are rising. Probably will face a bigger and harder turnaround than spy or qqq if things flip.

Bicambooblechi

IWM looks weak

MyCactusTeacher

Tom Lee, stop pumping IWM you fat fuck

cheezzinabox

Cum on IWM to 240

Viktri1

Spy needs to follow IWM’s lead

Thin_Cat8817

Grab your IWM puts, rotation back to the big dogs is imminent

Unfair-Grab4991

IWM calls fucked

M4K4T4K

If you want something a little more exciting but relatively similar, might I interest you in IWM? It 's more volatile, sometimes somewhat disconnected, and still relatively safe.

Gdap1992

IWM holding on for dear life

Gdap1992

Fuckin IWM, knew I shoulda bought calls and held overnight for that POS

itsnotshade

Half of IWM companies not profitable and some are actually going bankrupt. A 25 point being priced like it’ll save small caps is looking like an epic dump coming like last time it hit 240

RoundLeader8

$IWM opens up 2% I'll be rich!

GamblingMikkee

IWM baby all in

brucekeller

IWM probably outperforms the other indices the rest of the year and a good chunk of 2026 tbh.

RoundLeader8

IWM $240 tomorrow possible?

Mharciello

IWM just check the absolute fat ripping behaviour at open this week

trebuchetguy

The answer is yes, there are times ITM covered calls are appropriate. But this isn't it. In fact, if you don't have experience, I would not start with NVDA. I would definitely not start with NVDA at earnings. Yuck. Exposed to all the downside and little to none of the upside. Consider starting with something a little more sedate. Coca Cola (KO) is a favorite low key of mine. Low premiums, but the stock tends to behave itself. In fact, I roll PMCCs a lot and I still will bring KO into the stable from time to time because while it's not a huge producer, it is a steady producer. An index ETF can work too. Consider IWM (russell 2000 index) or XLU (S&P 500 utilities). They're going to be more sedate with less short term movement potential.

95Daphne

Might be enough to solidify that the Nasdaq set an intermediate top earlier this month, likely not enough for DOOOOOM, with QQQ getting bought up in AH now. The churn continues until the IWM tests $240ish probably.

TheOnlySafeCult

trying to time an IWM dump is impossible. A pump? just buy calls the day before Jpow talks( doesn't matter in what capacity). works suspiciously well.

giraffe_wrassler

IWM is so addicting, you’ll either 20x your options you paid 6 cents for or go tits up

Thin_Cat8817

yeah im down big on a put on IWM. a bad PCE print will probably send it down though

Expensive_Tip_3776

IWM still lower than highs set in 2021

chibi78

Trading IWM will send me to early grave. I dont know why I do this to myself. I guess I am glutton for punishment

jayxmor

IWM’s running away with it

RoundLeader8

yeah IWM hitting $240 today

Key_Abroad7633

Have you guys seen this IWM candle holy fuck

Omes1c

IWM

Gdap1992

IWM going crazy when I’m not holding any position in it. Typical

FiveEggHeads

Did we lower interest rates? Where is IWM going?

Exciting-Bag-5445

I am buying IWM puts expiring Friday in case the data comes back negative for a rate cut

norcalnatv

You got it. Buy funds like SCHD, VOO, IWM, VUG, VTI, SCHY in your retirement accounts. Go look at morningstar to compare them. Reinvest the dividends through a DRIP. Don't go crazy picking individual stocks, 4-5% max exposure, and don't play options. Diversification is important, invest new capital regularly into what you've got (dollar cost averaging). Then leave it alone, literally for decades. What you're getting by hiring is someone to do that for you. They'll spread your capital out into a bunch of different ETFs (20-30) that are each slightly different, some international and bond funds and pay them 1% for the privilege. They will take things to the next level with tax loss harvesting and rebalancing. It's all automated with them, it's not like you're going to get a lot of hand holding. But you can do it yourself. You're getting it. It's not hard. (I have a high 7 figure retirement account that's all self directed that just took patience, a little bit of trial and error and the occasional course correction. There was a bit of luck in there too.) You're young enough to make some mistakes and it's not going to kill your account. Courage!

pootenanner

I have bear credit spreads on spy and IWM calls. Please anything but flat tomorrow 🤦🏼‍♀️

HalcyonDias

IWM is up 5.94% YTD. IJR is up 2.44%. CALF is down -2.32%, though. If you have an small cap index fund and it’s down currently, you need to get rid of that fund ASAP.

Obidad_0110

Over time, to outperform the market, you have to take more risk than average market risk. There are 100,000s of people doing this for a living. It is difficult to outperform them on a risk adjusted basis, no matter who you are. I think unless you are really knowledgeable and have time to do lots of research, SPY, QQQ, BrkB (which is like a conservative fund), and IWM are the way to go. Dollar cost average into it and don't lose a lot of sleep.

pootenanner

IWM looking like a 2% day tomorrow.

Thin_Cat8817

IWM did not join the power hour pump - interesting

EvolvingDior

The separation between IWM and SPY was outside the typical range. I figured IWM would come down. Didn't expect SPY to go up.

I_am_Nerman

IWM puts for October, deep OTM

gingerandsauce

IWM has had some great movement today

Time_Minute_6036

I have IWM 0DTE $235 calls. The green is nice but I need the candle to go higher