IWM
iShares Russell 2000 ETF
stock NYSE ETF

Premium to collateral. An April 10 20/13 delta on SPY will net a premium of $192 and lower my buying power by $1808.
An April 10 20/13 delta on IWM will net a premium of $224 and lower my buying power by only $1276.
I currently have 61 open SVP's using $ 91,473 of my buying power.
That's $1499 per spread.
All spreads combined have a net premium of $ 15,949 or $ 261 average.
So my average spread is pulling in $261 in premium and only using $ 1499 in buying power.
That's why I don' trade SPY.
I do trade QQQ but often times the spreads will no hit all of my rules so I pass.

I did add a lot of DIA call credit spreads when it hit $495 Thursday morning for 3/6. And then sold some $484/$483 puts Friday afternoon for a small credit to hold over the weekend. Same with IWM but only since they ran up.

Strictly Option seller.
My strategy:
*Boring trades.
*Beta uncorrelated trades.
*30-45% of margin.
*21-52 dte
*Strangles, jade lizard & iron condors.
ETFs : AMZN , AAPL, QQQ, SPY , IWM, JETS, ETHA ,GLD , GDX , SLV, USO,XLE, XLV.
Profits: 25-80% YOY

I find spy is so safe with less volatility but somehow feeling better when I diversify all three qqq spy and IWM each time. do you usually close your trades if all goes right on the direction within the next one or two trading days?

Yesterday I added the 3/4 QQQ $620/$621 $590/$589 spread for $.28. That’s about average for QQQ $15 OTM. For SPY I can get $.45+ $15 OTM so I will generally trade SPY. IWM $10 OTM is usually $.20.

Back for another week of running Short Put Verticals aka Bull Put Credit Spreads.
Here are my rules for trading credit spreads:
* **All SVP's will be opened 35 to 49 DTE**
* **Short puts strike chosen at .20 delta and long puts at .13 delta**
* **Analysis of spread's Max Profit must show 80% or more probability for Maximum Profit**
* **Analysis of spread's Break Even must show 80%or more probability for Any Profit**
* **Analysis of Max Loss must show 10% or less Probability for Maximum Loss**
* **ROI for premium collected (premium divided by collateral required for spread) must be 10% or more**
Below is totals of tickers from this week:
|Ticker|\+/- Profit|
|:-|:-|
|CRCL|$1,070|
|HYMC|$573|
|HUT|$345|
|MSFT|$261|
|COST|$257|
|AAPL|$240|
|TSM|$237|
|SMH|$180|
|QQQ|$141|
|META|$121|
|AMZN|$104|
|XLE|$90|
|IWM|$74|
|MU|$66|
|GOOGL|$48|
|DIA|$44|
|UNH|$40|
|VOO|$34|
|VTI|$29|
|XLF|$27|
|ORCL|$15|
|TQQQ|$14|
|NVDA|$0|
|TLT|($0)|
|AMD|($470)|
|GGLL|($592)|
|ASTS|($898)|
|Totals|$2,049.35|

Thanks again. This makes sense and very manageable at these ranges. I will give it a test on paper and see my outcome this week. For sure not an ideal week to test with ongoing war but worth to test and experience that.
I am total noob on options at moment. All I do is every Friday I sell 2 puts for next tue, wed, thu, fri at -0.014 delta on Think or swim for QQQ, SPY and IWM and keep repeating this in parallel again Monday to Friday with 2 puts at -0.014 delta -and targeting like $600 - $800 a week rolling the money. Tho for that amount of money, stress and daily effort, I have a feeling I can make similar money just from dividend stocks with less risk. Needed a different options approach than mine🙏

So my 3/3 250 puts on IWM may print? Close the Hormel Strait! I do love their chili though 😮‍💨

I Genuinely think people overcomplicate trading to an extent... I find good entries and then set a stop loss, if price keeps going in my direction, i keep moving the stop.... This has worked quite well on 2-5 DTE contracts on IWM... Fuck 0DTE that shit moves way too violently for me.
Currently up 9.64% ($3,502) this week. 23% ($7,606) YTD.
Been trading off and on for about 6 years now, last year I finally became consistently profitable, never lost more than my initial investment somehow, always ended up completely blowing my profits back to my starting amount of capital.
Finished last year up 206%... GLTA and stop overthinking shit. Size accordingly!

Ideally when we are in a defined trading channel which is where we are now with SPY/IWM/DIA.

Just wait for the straights of Hormuz to be mined, USO up, IWM down

For example, I sold an IWM IC for $.54, it’s currently worth $.33 37% gain. Monday that will be over 50%. My 3/4 SPY trade I put on yesterday I sold for $.44 and is currently $.32 28%.
As far as Red goes, if say SPY is $685 and I add a IC $10 OTM and it goes up to $692, my $.44 credit is now upwards of $.60, it may continue higher or I’m holding a day and a price drop to hopefully buy back for $.44 to close out even. On average, 40% profit, some can be losses, some I’ll close sooner for 10-20%, I added a ton of DIA call spreads when it hit $497, those I held for 80% gain etc. Generally by the second day if the underlying is still within range, you’re up 40%.

Alright, I scalp break and retest on SPY,QQQ,IWM. I wait M5 candle fully close above or below then enter at retest on M1 candle. So I would wait until that M5 fully closes

SCHD is a good complement to SPYM. Not a lot of tech. More value focused, and some growing income. Plus very low fees. I also like IWM for small and mid cap exposure.

Seasoned options trader here. Just wanted to post my Iron Condor strategies that I’ve been able to consistently pick up \~40% gains on average (yes some days are Red or break-even).
For SPY, I generally go 4DTE, and $12-Wide (depending on over-all market sentiment). Hold for 2 days and close or reduce. Even if SPY runs \~$8 in either direction intra-day and/or pre/post market, I can generally get out the following day for a small percentage loss or even, and roll.
Examples:
Today my trade was 3/6 $697/$696 Calls, $668/$669 Puts for $.44 credit. I went a day further out and a little wider since it’s over the weekend.
Will usually Sell 5 contracts around 10-11am, another 5 around 12-1, and 5-around 2. Sticking on average with no more than 15 contracts per day to limit exposure.
Trades I put on yesterday for 3/4 are up 31%. Trades I put on Wednesday for 3/3, up 44%.
For QQQ, I go $15-$18 wide, for IWM, $7, and since DIA only has weekly options I will wait until late Monday or Tuesday, $10 wide.
Sorry for the quick post.

OK, cool, IWM is down today but now the question is will continue?

Since the Mag7 has been eating shit recently IWM has been the best way to play the rate path so I've been watching it 😬

SPY & $IWM has a lot of BEARISH flow today
Yet Gold and Silver have some BULLISH flow
What's going on?

IWM dos not want to drop past 260.80

Come on IWM. Pump! Max pain is @ 264