IWM

TappyDev

and they traded 5 times outstanding tue & wed - and up over 300% in last 5 trading days - fascinating .. are they not in IWM and other etfs?

idontcarelolmsma

Praying that IWM drops coz I had to average down twice on my 7/15 puts damn it

SocialSuicideSquad

IWM closed below COVID highs. Pray for a gap up, otherwise it's your ass up

souls_keeper

IWM moment of truth

souls_keeper

IWM and 169.5 is a love hate relationship.

thePBRismoldy

IWM is pumping hard rn, sometimes it leads pretty well the rest of the index’s, I like this setup going to power hour.

TheOmegaKid

Yeah so the IWM with its completely natural short interest throughout this year. No issues at all with passives. Some CPA you are...

Mrrheas

Well.. while yes IWM did set a new high that was a fake breakout and it has fallen about 32% since that November fakeout, FWIW. Market breadth was showing serious warning signs of sickness under-the-radar before and during this time. The Netflix example wasn't for a direct comparison to this sector by any means, I was just showing how growth IN GENERAL is getting skullfucked. It's not exclusive to this space. Our sector specifically has flies in the ointment regarding valuation due to 280E. Profits matter less if uncle Sam taxes it all I get your point though. It's been brutal; it's been painful, to be so passionate about cannabis only to be rewarded like this. Thanks for the discussion, and good luck.

MSOJohnny

Sorry but I can't accept this. US cannabis peaked in February 2022 and started tanking. IWM was still setting new highs 9 MONTHS LATER ! While IWM was setting new highs, MSOS was down OVER 50% How is that the same? Also your comparison to Netflix makes no sense. Netflix has an insane valuation and they were bleeding subscribers. US Cannabis is the exact opposite. Sales were growing and the valuation were cheap compared to almost every other growth stock.

Mrrheas

Right; about the day IWM stopped rallying, and starting chopping. Names like NFLX whom have businesses not burdened by 280E and federal illegality are down the same % from ATH as MSOS except in about a 1/3rd the time 🤷

ATiBright

2/2 so far 😉. If I didn’t get stopped out of my IWM puts I picked up just a tad bit early I coulda had myself a much nicer day. Anyways gotta miss Cleo the rest of my prediction. Green tomorrow = puts at close, red = calls. 🧙‍♀️

ATiBright

Fuck that pump during Biden’s talk that hit my IWM puts stop. .51 at a 20% loss now 1.40 would be near 200% gain if I still had em. Only had 5 but damn me for turning on the safety. At least the RBLX and AFRM puts are treating me alright. Still can walk away from the day up a couple hundo.

ATiBright

Traded 12 options contracts today T, PFE, and IWM. I am up 1$ 😐

souls_keeper

IWM at resistance as well

Historical-Pattern-

Damnnn, so hedge to rip!?! I haven't looked at IWM in so long.

OrangesAreOrangeHa

80% of the option volume on IWM is puts

Mrrheas

By this years' "sell in may" MSOS had already fallen 60% from its February 2021 high, so this was by no means a direct cause of the price action. Growth started selling off first, and IWM became choppy as soon as cannabis peaked, which in hindsight was the first symptom of the ongoing broader bear. I could of course be wrong and appreciate listening to others' viewpoints. Thanks for the discussion

HefTrade

I would say you should set a time to close the trade whether that is 10 days or 2 weeks out or a profit target whichever comes first. Sometimes you wont make it to the profit target so you have to defer to the time in the trade. For my more narrow trades I found that anything longer than 2 weeks often started to go red so I had to trust my plan and just close it and open a new trade. If your position is fully ITM and you only have a few days left - like $0.80 is the value if the spread and you opened for $0.30, then you only have $0.20 left to lose but $0.80 to gain. But you have to think about the idea that the $0.20 can still be salvaged for another trade if this one is completely wrong. Making an assumption about a trade is what happens when you open and if your assumption is wrong then you should just close the trade and move on - especially if your portfolio is would be better off without this 1 bleeding position. Another thing to think about is trading ETFs vs individual stocks so you can have more liquid products and less volatility. You can get in and out of SPY, QQQ, IWM, XLE, etc at the mid price quite often but individual stocks might require more adjustments. Not to mention that the ETFs I mentioned have $1 increments for strike prices so it will help you trade $1 wides. If you haven't done so, Chris Butler at ProjectFinance on YouTube has some great content.

TheoHornsby

I've been working IWM PMCPs for 6 months. Book gains by rolling the long legs down on big red days and rolling the short legs down on the big up days like today. 5 points in either direction works for me.

souls_keeper

IWM tagging major pre Covid high support that it broke on Thursday. Lets see if it can be reclaimed by eod.

EPLFantasyGuru

Yes, but you can also ride it. I went long + bought calls on IWM, SPY, and TECL

thePBRismoldy

IWM selling off but both QQQ and SPY goin up with regard strength…… 🤔

redtexture

A non comprehensive list: Near term expirations: Index options (cash settled): SPX: Daily NDX: Monday Wednesday Friday RUT: MWF DJX: Weekly Fridays, Monthly Equity Exchange Traded Funds Options (shares settled) SPY: MWF QQQ: MWF IWM: MWF DIA: Weekly Fridays Futures index options (settleent to the futures contract) ES MWF NQ MWF RTY MWF YM Weekly Fridays https://www.cmegroup.com/tools-information/quikstrike/options-calendar-equity-index.html

ShortPutAndPMCC

How do I get a list of options with shorter expiration frequency, Eg. IWM I came across by chance, surprise, it has options expiring like every other 2-3 days.

Atomic0691

IWM is the main one that bbby is in. Look at the FTDs there. 6,295,234 on 5/24. Took 2 days to clear them.

88crypto

Saudi Arabia index Tadawul all Share down -4.44% today (they're open on Sundays). Predicts oil will continue going down. Bigly green week, especially for QQQ and IWM

DrWorstCaseScenario

Terrible showing. Best performer was a measly 44% on an IWM call. Not gonna bother posting the pics. Ah well! On to next week…

ChigChiggimuh

IWM 169 calls expiring Tuesday small positioning

ChigChiggimuh

IWM 169 calls expiring Tuesday small positioning

Awkward-Leopard-2683

IWM 145p 7/1 has 20k OI DAMN

thePBRismoldy

AAPL and IWM showing some nice strength. I think going long here looks good.

ChigChiggimuh

Buy IWM calls for tuesday

bmrhampton

Valid point, especially with OP’s level of experience. I trade and invest in Spy, Q’s, and the IWM predominately because I’m wheeling options though. I sold a Voo call once upon a time and learned a hard lesson on liquidity.

Aegabberty

Legit question, if you’re going 80% VOO, 10% QQQ, 10% IWM, why not just go VTI? Save on the expense fees and achieve a more balanced goal without all of the overlap.

bmrhampton

Yes, yes, yes. DCA into 80% of your funds into Voo, 10% in QQQ’s, 10% in IWM. We’re down 24% from highs. If you invested here and we went back to ATH’s that’s a 31% gain. That math back up is very sweet. Put 50-75% in here and then save whatever is left to DCA down to S&P 3400 if we’re lucky enough to see it.

Hypersonic_chungus

Been all cash here besides my 401k cuz I’m too young to care, but going to begin DCAing into $EEM and $IWM here now that we are at 2020 levels. Should recover faster than SPY or QQQ.

Lbgeckos2

Goodafternoon Tardos and Tardettes. I present my current challenge. Turning the $160 I had in my account into as much as possible with various options strategies I’ve picked up here over the last 7 or 8 years. Today I broke the 1k mark and here are my positions/plays. Position 1: IWM 168p. Bought May 22. IWM was looking weak af. Needed to get my cash up so I went way OTM close expiration. Not something I normally do anymore after losing a lot of money 8 years ago from this damn sub. Position 2: Alb 280c 6/17 on May 24th. Sold 2 days later for 100%. Lithium was lookin beast mode. Especially ALB. Got this fella out at a lower delta than I would have liked but had conviction. Sold at 100%. Not trying to be greedy. Position 3: Ulta 435c 6/17 bought June 8. Now that I had more cash I could start buying some better options. This was a decent delta at like .24 I think and not too far otm. It had great earnings, raised guidance, great RS in the market, textbook earnings flag. Would have held longer but it couldn’t bust through resistance with any strength so closed it. Position 4/5/6: Spy Puts 0dte and 1 6/17 atm put. I don’t usually like to play news like fed rates but couldn’t help myself. We keep seeing the same thing. Rip up on fed day, next day is a gap down to the prior LOD and we bleed. Deff wanted to be in that. I scalped 2 0dte way otms to cover some of the risk on the atm 6/17 incase my idea back fired. Worked out pretty good. Got the same gap down we’ve been seeing. Sold this AM to get push me to the 1300 mark. Some things I’ve been doing different. Sitting on my hands, I take a lot of time off in between plays till I see something I like. Another thing is making sure I cut anything at -30/40%. Live to see another day. I am now in a place to buy delta 30s which I like the most. I’m also taking cash and watching volume for moves on the 15min.

I_am_not_a_murderer

long dated IWM puts

I_am_not_a_murderer

if IWM can go below 160 tomorrow that'd be super

Scl818

A lot but I bought 5k of IWM calls eod and I’m pretty sure I’m gonna get fucked 😂

Tarek3994

DOW back to pre pandemic, IWM back to 4.5 years ago, Nasdaq 500 points away basically from pre pandemic.... Damn reality hit the bulls fast. Really only took 5 months

thePBRismoldy

IWM selling off, it often leads SPY and QQQ (I’m not sure why), expect more lower action on SPY and QQQ soon.

Previous-Beach4626

I was going to do it regardless. I dont think Nio is a safe place to put my money in a recession.. I dont think QQQ, TSLA, or IWM is either, but long term I'm more bullish on them

idaebaker

So many things back to 2018 levels -- Europe (VGK), Russell (IWM), and ARKK among them that bubble at least has popped more and more seems people are thinking about the entire QE bubble now

Awkward-Leopard-2683

IWM 175c 6/24

Sapere_aude75

Next big stop for IWM is like 145 👀

qwertyaas

IWM makes more sense as no idea how to went so high when small cap really wasn't in a good position since precovid.

Moar_Donuts

im buying a shit ton of IWM calls rn

User34534523676

IWM is wiley coyote or however you call him Nothing but air under here

Sapere_aude75

Now look at the RUT/IWM

screech091

I’m being charged 2.30 for calendar spreads on spy, qqq, and IWM. I thought it was supposed to be free, but it’s not.

idaebaker

in fact, back to where it was on this day 5 years ago. Happy Anniversary, IWM!

idaebaker

IWM is below the pre-pandemic high

I_am_not_a_murderer

buy IWM puts, even during dips

Hypersonic_chungus

I was gonna DCA back into $SPY and $IWM every time we get a -2%+ red day but then I realized I would max out the 6 monthly withdrawals from savings accounts if I stuck to that

Sapere_aude75

IWM is now at **pre pandemic levels**. Puts shit in perspective

thePBRismoldy

I’m sure glad I sold my IWM calls yesterday 😮

EPLFantasyGuru

Serious q- why do I seem like the only one playing IWM? Complete zombie index that is going to get crushed even more than QQQ (which I am also short). SPY premiums are always a bit higher than both..

zg44

If you're bullish, only 2 things I'd advise you to look at: 1) Oil for short term upside trades; I don't think we're near the top there and this selloff is all based on economic worries. Feels a bit early for oil to hit a final cycle peak. 2) Small caps for longer term trades. Small cap aggregates are the cheapest they've been in decades. S&P 600 P/E is nearly as low as it was in 2002. IWM ratios look similar. Obviously it's likely their earnings estimates need to come down, but the pain is already priced into small caps. Small caps are overcorrecting here now while the large caps like AAPL, MSFT, and especially TSLA are just moving back down to fairer value. Small caps are approaching historically cheap metrics here if the best price comparison is bottom of the tech bust (after which small caps dramatically outperformed large caps for 4-6 years).

Scl818

My 10k in IWM puts eod looked terrible not too long ago

Ok_Jaguar_5113

Current plays: SPXS SOXS SPY 350P TZA IWM 150P Sleeping like a baby tonight after that FOMC.

daytradingguy

AAPL, AMZN,AMD and IWM options, mostly.

Iwillachieveit

Thank you Papa... but what is the chances of me being filled trying to sell far otm/low delta premium? In say IWM for instance?

I_am_not_a_murderer

someone bought more than 400 IWM 6/17 120p 🤡

thePBRismoldy

Other index’s losing steam but IWM is still holding its pump. Still bullish rn.

souls_keeper

Is there any 3x leveraged IWM?

scbtl

Typically banks do worse in times of higher rates. Typically the margins get compressed on these (cost to borrow, cost to store capital, cost to acquire new clients all increase) and the risk increases (default rate increases typically in the area where previously thought to be lower at a higher rate than expected). Plus due to the higher rates, they are looked at as predatory and so have to spend more to counter the effect. For purely a rate play and not a recession play, you'll need something with an inelastic demand curve. Oil is one of these but it's already sitting at pretty much ATH and as history has said, that doesn't last. Would look into health care (UNH), core consumer staples (JNJ), insurance (MET), and "cheap" release stocks (DEO, ATVI, KO) where consumers use them to supplement their mood in times of stress. For a recession play, would go the basket route and look into an increasing stake in small-caps (IWM) as they tend to have the most dramatic recovery. If you believe the US is going to recover before the rest of the world, then look into a basket of importers as they will have stronger buying power (VCR).

xstellations

I'm using measured moves on the daily chart. I sell a put or call whenever price reaches the target. The expectation is that a mean reversion occurs, or a few days of range-bound re-accumulation in case of a larger trend. The advantage is that you can sell directly into strength or weakness and capture the most IV. It has worked well so far. I'm basically measuring the previous Elliott wave and extend the length from the breakout diagonal. It works well on ETFs such as the SPY, EEM, BITO, IWM, etc.

FluffehCorgi

Secretly hoping he does that so my IWM puts will print even more money than they are now.

MycoTilly

Bought a bunch of IWM $176 calls for $.63 at the start of power hour and sold them when they hit $1.00. That pump was nothing but air… now I wake up to Bitcoin testing $20k lmao

BarryBearerson

Buying 0dte calls and puts on the IWM at 1:45pm

ThatGuyWithCake

I bought some IWM puts 21 jun 22, I'm betting that the market will bleed this week and next

oarabbus

IWM and SPY by definition only include the survivors in their holdings

thePBRismoldy

Currently holding calls that are underwater once again on SPY, QQQ, and IWM. Inshalah, I will emerge victorious tomorrow. All with 6/21 expiries with the following strikes: SPY: $378, $376 QQQ: $27, 281 IWM: $171, $174 Staying calm and collected and listening to **All in my Head** by Benny the Butcher and I'm not even tripping about these losses right now. Expecting a strong squeeze tomorrow as this market blows out some over extended and overweight participants to the short side.

6JDanish

We will likely have an economic downturn for the next 2 quarters, maybe 3. We are in a market environment when good stock ideas still go down. That means it's a great time to slowly accumulate stocks that: (a) tend to hold their value, even during market drops of several percent; and (b) will show big gains when the economy recovers. So they have to trade differently than SPY, QQQ, or IWM. Not many stocks qualify. Although I'm mainly thetagang, I'm doing the above with a few names. Typically I'll buy 125 or more shares at a time, just below an option strike, then sell one call at that strike and sell a put at a lower strike; effectively an over-covered strangle. As option expiry gets near, I'll buy back the options for a profit if possible (this is working for me at the moment). So the option trades reduce my effective cost basis, as I accumulate. Your situation is different. You already have a large position. You could sell strangles as above, but I would also trade any significant moves in the stock price. When the price goes up on bear market rallies, sell some (5%, 10%, 20% ?) of your holding, depending on your risk tolerance and market liquidity. Buy back your position during market sell-offs. Keep working your position to lower its cost basis, and accumulate more (if you like), using both equity and option trades. Have a backup plan. What if your best stock idea doesn't work? What other assets can you invest in, alongside this one? Going long a stock essentially means you're shorting volatility. So I would also be looking for ways to profit from volatility, to help your portfolio.

FedExPizza

I'm glad to see a fellow believer! I did get burned a bit on Monday for putting too much into a tight iron condor on IWM. Just gotta be more safe till I have a sizable account where I can diversify to greater extent. I'm not too big on TA myself but I think it has its place and time. I do believe that momentum is more accurate when you're looking at a medium timeframe (1-12 months) and mean reversion is easier to use for short or very long timeframes. I wonder how profitable it would be to sell narrow iron butterflies with gtc orders at 50% profit. I think it could work by taking advantage of mean reversion. Have you tried anything like that?

splittyboi

What do you mean by markets breaking? If we're just talking about price action breaking downward in a big way, like 30% from here- I'd say anything is fair game, despite how clear they've made it that inflation is the number one priority over employment. I'd imagine that would get tested if we saw some crazy collapse that is market-breaking. But I think they're doing a great job of walking it down, burying the lead and dragging it out as much as possible expectations-wise. I would be very surprised to see SPX levels in the 2000s and would go permabull if that came to pass, probably 70/30 SPY/IWM. Due to how they and the market has been walking it down (aside from this week), I'd expect another big commodities run would have already taken place by that time. But commodities isn't my expertise. I'm just thinking about typical market cycle length.

89320420934

IWM green. Ber fuk

souls_keeper

IWM Buy x 200 @ 168.76 Pre Covid high support.

thatsSoonotraven

Y'all think IWM a good etf to go long on? Once things get better, small caps will likely lead the way, no? Granted, I don't think that will be anytime soon, but if I start to dca into IWM over the next 12 months, I'd imagine I'd be fine.

thePBRismoldy

Volume is anemic today and I don’t yet see any reason to enter calls or long shares. That being said, I can’t justify puts here, we’re just so wildly overextended, it feels like complete gambling to bet on *another* leg lower. Currently bagholding some IWM calls and sitting on all cash in my trading port.

CharmingStabilizer

IWM about to go red

aristotleschild

Smart. Like 20% of the Russell companies are either not profitable or don't even earn enough to cover their interest expense. Can I ask which IWM puts you're in?

Fairbanks_Bus_142

Best day since the GME days on my puts today. Sold out of everything but 150 IWM Sept $170s. My gut tells me given the negativity, PPI is positively received tomorrow and whatever the Fed does won't be as bad as feared. Think we bounce, VIX deflates and I'll reload. Still think consumers using cards to stay afloat and the incoming defaults this fall aren't priced in yet, so planning to leg into longer puts on lower income credit names like DFS/COF and AXP as expanded Apple Pay is going to eat their lunch. Still think we have another 30% down to go between now and January.

TheCatnamedMittens

Replace the Dow with the IWM. Just makes 25000000 orders of magnitude more sense.

Sapere_aude75

Did the same with AMD/IWM puts. Still holding some longer dated treasury/MBS puts though

-DeoVindice-

My IWM puts that I realized - 50% on opened up itm today. Annoying but you pretty much have to be willing to let go of a would be winner to derisk or take the chance of getting blown out holding a will be max loss.

Mrrheas

it's a bloodbath everywhere you look with IWM down over 4.5%