IWM
iShares Russell 2000 ETF
stock NYSE ETF

Ok hear me out: Look at the top holdings of IWM. These are the guys about to break into the Russell 1000 in a couple months. Pick a few with good fundamentals, and see what happens.

I was thinking VOO, XLE (energy), IWM (small caps, beaten down) as the 3 main ones.

Happy Easter theta-gangstas! Hey I wanna ask, what are your war stories from a year ago today after Lib Day, when all heck broke loose?
It wasn't that bad for me overall, but I did have a CSP on IWM that gapped overnight and blew past my stop loss. That was when I decided never to try wheeling again. My biggest problem was dealing with the face-ripping 11% upswing a week later. In any event, I think it's useful to revisit, because what you learned then might help us all now.
As for my current stance, this wkend I'm just gonna stick with my put credit spread on SPY. That is hedged by long /MES contracts to keep my port delta only slightly negative. It's 42 DTE and my spread is 46/32 deltas so gamma exposure won't ream me like it did on more OTM variants.
So tell me, what did y'all learn then, and how do you apply that experience now?

April has started out in the green for running Short Put Verticals aka Bull Put Credit Spreads!
$11,325 in profit! MU was my big winner netting $5329.
The low delta strategy has been pretty resilient and really popped on Wednesday.
I have been basically day trading these spreads closing at 20% profit due to the market instability.
34 spreads were closed or rolled.
Here are my rules for trading credit spreads:
* **All SVP's will be opened 35 to 49 DTE**
* **Short put strike chosen at .20 delta or lower (I have been choosing 13/6 deltas for new verticals).**
* **Long put chosen to achieve a net delta of .07**
* ***All the following criteria must be met prior to opening trade***
* **Analysis of spreads 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**
Here is a screenshot of all trades: [https://imgur.com/a/aEJhptm](https://imgur.com/a/aEJhptm)
Below is totals of tickers from this week:
|Ticker|Profit +/-|
|:-|:-|
|MU|$5,329|
|SNDK|$957|
|GOOGL|$892|
|TSM|$829|
|META|$774|
|AMZN|$364|
|SMH|$352|
|TSLA|$349|
|GEV|$219|
|VOO|$207|
|MSFT|$166|
|INTC|$164|
|IWM|$116|
|DIA|$103|
|ORCL|$102|
|AAPL|$94|
|EWY|$78|
|GDX|$63|
|TQQQ|$60|
|NVDA|$56|
|ASTS|$28|
|NFLX|$12|
|GLW|$11|
|Total|$11,325|

I agree, which is why my sideline money is itching to go into the market. These are the times to buy. I'm not really interesting in individual stocks. More funds, like VOO or IWM and some others.

Will IWM ever breakout been holding this shit
For two years ever since Tom Lee fucked my ass

Similar to u but I never really research on the stocks I trade options on
I just sell cc on SPY, QQQ and IWM and now going onto GLD. Got a bit on crypto, silver and some AI stocks but it’s just for fun

Ok hear me out: Look at the top holdings of IWM. These are the guys about to break into the Russell 1000 in a couple months. Pick a few with good fundamentals, and see what happens.

I was thinking VOO, XLE (energy), IWM (small caps, beaten down) as the 3 main ones.

Happy Easter theta-gangstas! Hey I wanna ask, what are your war stories from a year ago today after Lib Day, when all heck broke loose?
It wasn't that bad for me overall, but I did have a CSP on IWM that gapped overnight and blew past my stop loss. That was when I decided never to try wheeling again. My biggest problem was dealing with the face-ripping 11% upswing a week later. In any event, I think it's useful to revisit, because what you learned then might help us all now.
As for my current stance, this wkend I'm just gonna stick with my put credit spread on SPY. That is hedged by long /MES contracts to keep my port delta only slightly negative. It's 42 DTE and my spread is 46/32 deltas so gamma exposure won't ream me like it did on more OTM variants.
So tell me, what did y'all learn then, and how do you apply that experience now?

April has started out in the green for running Short Put Verticals aka Bull Put Credit Spreads!
$11,325 in profit! MU was my big winner netting $5329.
The low delta strategy has been pretty resilient and really popped on Wednesday.
I have been basically day trading these spreads closing at 20% profit due to the market instability.
34 spreads were closed or rolled.
Here are my rules for trading credit spreads:
* **All SVP's will be opened 35 to 49 DTE**
* **Short put strike chosen at .20 delta or lower (I have been choosing 13/6 deltas for new verticals).**
* **Long put chosen to achieve a net delta of .07**
* ***All the following criteria must be met prior to opening trade***
* **Analysis of spreads 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**
Here is a screenshot of all trades: [https://imgur.com/a/aEJhptm](https://imgur.com/a/aEJhptm)
Below is totals of tickers from this week:
|Ticker|Profit +/-|
|:-|:-|
|MU|$5,329|
|SNDK|$957|
|GOOGL|$892|
|TSM|$829|
|META|$774|
|AMZN|$364|
|SMH|$352|
|TSLA|$349|
|GEV|$219|
|VOO|$207|
|MSFT|$166|
|INTC|$164|
|IWM|$116|
|DIA|$103|
|ORCL|$102|
|AAPL|$94|
|EWY|$78|
|GDX|$63|
|TQQQ|$60|
|NVDA|$56|
|ASTS|$28|
|NFLX|$12|
|GLW|$11|
|Total|$11,325|

I agree, which is why my sideline money is itching to go into the market. These are the times to buy. I'm not really interesting in individual stocks. More funds, like VOO or IWM and some others.

Will IWM ever breakout been holding this shit
For two years ever since Tom Lee fucked my ass

Similar to u but I never really research on the stocks I trade options on
I just sell cc on SPY, QQQ and IWM and now going onto GLD. Got a bit on crypto, silver and some AI stocks but it’s just for fun

Yes, it is the traditional safe haven but it has acted as a risk asset recently. My opinion is that gold is currently overbought and due for correction. My reason for believing this is that many securities are below their norm when denominated in gold - norms that are over a century old in some cases. I’m not super educated on IWM so will withhold commentary

Gold fell sharply. That's the traditional safe haven, so I'm not fully convinced this is simply rotation out of risk. Plus IWM finished pretty green, suggesting plenty of appetite for high risk garbage

Gotcha… and yeah, that was my play… I was telling everyone cause I was fairly confident in it and I always want others to benefit when I see something as a lower risk play with solid rewards. I bought 1DTE puts on IWM 10 minutes before close last night, sold them this AM for 387% profit. Entered calls at open and held 5 contracts to 150% profit and trimmed down to 1 that I held as a running up to just under 500% profit.
A bunch of people in my discord followed with some WAY higher stakes than me and made an epic amount of money… all in all I only made about a grand because I only try to risk 5% of my portfolio on any of my plays no matter how confident I am. I have had some really bad experiences with the current administration posting or saying shit that makes my positions tank and I am super skittish now most of the time. Just trying to stay green and learn for the next couple years while these assclowns keep fucking with us.
the cool thing is once they are gone, shit is going to seem so much easier… volatility is fun, but stability is comforting.

I have already completely exited IWM because of this and just hoping QQQ and QQQM get above cost basis before the change. Effing timing …with chaos clown in the WH.

IWM please go to 215 Monday I promise I won’t be poor again

It's because I went short IWM. You're welcome, or I'm sorry that happened.