This started out as one of those short-term engagement trades, which I ended up rolling ... . Out today for a small profit. Unfortunately, by a twist of fate, I still have the exact same setup in next week's expiration, which I'll deal with when I get there.
I am already SHORT $IWM / $RUT and my target is 102.50 level. Let see if we get it done. :)
Understanding where extremes in markets luring, can be very helpful. Most of my trades are with options for credit See where the green circle is - it's where the lower extreme sitting to shoot up price again like a cannon. The opposite is at the CL (Centerline), where the red circle is. This is where the energy is running out. Now we will see price back to the...
Another housekeeping trade. As with the QQQ roll, I'm rolling the March 24 1040/1050 short call vertical up to the 1070/1080 to "merge" it with another spread I've got at those strikes. Filled for a 1.66 debit. Sold the March 24 1050/1060 short put vertical for a 1.82 credit to finance the roll, as well as to balance the number of units I now have on the call...
Another housekeeping trade. Buying this short put vertical back for a .16 debit, as it's near worthless.
Another housekeeping trade. Filled for a 1.56 debit. Sold the March 18th 1050/1060 short put vertical for a 1.61 credit to finance the roll of the call side.
With 21 DTE left in a setup I originally put on as an iron condor, I'm closing this out at nearly max profit on this upmove. I'll deal with the "broken" short call spread that was part of near expiry if we get a sufficient enough down move (something we haven't seen in two weeks).
As with my previous, short-term RUT trade, I'm looking to keep buying power engaged while I wait for March index ETF trades to decay and/or work themselves out. Here's the metrics for the setup: March 4th 970/975/1045/1050 Iron Condor Probability of Profit: 66% Max Profit: ~$170/contract Buying Power Effect/Max Risk: ~$329 Notes: Due to the price of the...
Layering on to my existing Mar 24th IUX/RUT Iron Condor with this little number: March 24th RUT 945/955/1070/1080 Probability of Profit: 63% Max Profit: $330/contract Buying Power Effect: $670/contract Notes: I'd ordinarily go out to April, but I have a preexisting March 24th setup on and have a little bit more unused buying power and less theta on than I'd...
With a paucity of meaningful earnings plays to work this week and having exited all of my Feb index plays, I'm looking for something short-term to bide my time as my core March index setups work themselves out. I'm not yet ready to move into the April monthly (it's still a bit far out) for index setups, so a short duration, high probability setup is a good way to...
Bulls Must Hold support to have any chance at a further run. We are on the sidelines waiting for price to give us a clue. This week should be volatile week.
With the highest implied volatility out of the four indices (S&P, Dow, Nasdaq, and Russell 2000), the Russell 2000, RUT or IUX (symbology will vary by platform, apparently), offers good premium selling as an alternative to playing its ETF counterpart, IWM. Given the value of the underlying and its accompanying options, having more "meat on the bone" allows you...
Bulls defended our level and are trying to claw their way back. We are still favoring the downside and will seek triggers around the Minor Resistance area. Be patient on Monday. No Trigger, No Trade!
What i see in the RUT is a potential resistance. Alltough it could be that price is advancing to the upper CL (green), my opinion (which i should not have) is that we see the end of this up move. The blue Fork's CL got broken up, then broken down again and now we are in the test/retest mode of it, actually exactly at the blue CL again. Price fluctuate. And...
We are watching the Russell in this area. It had a nice fake on the break but we think the Russell has not caught up yet. If she does then 1200 could be on the radar screens. If she breaks below the 1138 area then the indexes are in trouble. Keep on you watch list.
RUT is building a huge V-Formation. The projected EP acts like a magnet. P!
Price landed in the support zone, right where the A/R Sets are having confluence. This could be a nice entry long - alltought, with a wide stopp below the red Wash-Zone! Let's see how this one plays out... P!