IWM
iShares Russell 2000 ETF
stock NYSE ETF

I did a bunch of study and trial for myself that has evolved over time. Tried many different ways. The way I do it now is
1. I only do them with SPY and QQQ primarily and IWM, DIA, GLD secondary when charts look stable.
2. 30 to 35 dte for higher premium
3. 15 deltas (I dont think about this much I just do)
4. Once position is taken I enter an exit. My exit was 55% profit (pay back 45% if credit received) 50% to me and 5% to cover commissions
Currently since July 1 when I started doing this I am 85% success rate. As soon as I exit the position (depending on chart or if Friday wait for Monday) I re-enter position. Reset prices if you will and keep repeating. For most part I am only in the position for 11 to 12 days before exiting.
As for a protection which I had to do with IWM and DIA this last week. I set an alert $5 away from shorts on DIA, IWM, GLD ($10 away from shorts on QQQ and SPY) and if breach I give it 1 day to correct or just exit. I generally lose about $100 to $200 on that position if that happens. Depends on amount risked per condor But upon re positioning I make back.
As for strike distance for QQQ and SPY I use $20 from short strikes. IWM, DIA and GLD this I vary for increasing the premium but for most part $15 from short strike.
I used to try to hold for entire credit but I found with IBKR if go too late it gets hard to exit and in some cases cannot exit both legs at all so I do this process. I do about 10 trades a month keeping my risk spread out amongst the 5 ETFs (when chart works) IWM and DIA arent great right now.

And it actually moves, same thing with IWM.

Anyone buying IWM here?

I have been mostly wheeling ETFs like SLV, XLK, XRT, SOXQ, DRAM, AIS, IWM, COPJ etc. Some are not as liquid as you want and the premiums might not be the best but I am not exposed to any single stock name and returns have been modestly good. Lately I have been looking to increase my capita andI am thinking of moving to wheeling good quality individual stocks (non speculative) with excellent track record like an the of the MAG7 stocks. Could you please advise what would be the parameters you would look at before selecting the right stocks? Would wheeling the MAG7 stocks be considered a safe strategy?

What a fucking day. I would’ve made nearly 20k this morning between IWM, QQQ and Crdo calls. I sleep in for the first time in a fucking century 😡😡 some of my calls were up but I got mad, insta sold everything and I revenge traded myself to a 5k hole, double down and got a pop to sell for a 40% gain. I threw every cent into VST Oct 16 150c which I was down 25% on and 5 min later there is an announcement for a nuclear plant loan from the feds, instantly whole position 40% up. Holding the rest of the contracts for next week came out with 6k. Fucked

People seldom only hold a small cap fund like AVUV (or only IWM for the Russell 2000). Instead of comparing VTI to AVUV, compare VTI to someone holding AVUV+SPMO.
Your "grow out of" idea is covered if in addition holding AVUV for small caps you hold a similar fund for large caps.

$SPY $QQQ $XLF $XLK $XLC $XLY $SMH $IWM see earnings soon.
Vix spike to 25 at earning.
Cash flow negative for many. AI-ponzi spending.
Big corporate debt load, cost more to service at higher rate.
Earning suffer, as jobloss spike, consumer spending down

M situation shaping up on the IWM

# YES SPY QQQ AND IWM UP 1% "FLATTISH"
# IF IT WAS DOWN 1% NOBODY WOULD BE SAYING IT WAS FLAT
:copium: :copium: :copium:

Some wild tin, Veterans day (call of duty) is around the T+35 of mid next week. If RC buys more on the 6th as predicted by others on this forum the 8th would be 35 calendar days to Veterans day. SPY, IWM, QQQ and XRT have a bunch if FTDs that are T+35 the following week. In my observations when the big ETFs allnhave FTDs due there is usually a big market move followed by a WTF move. Huge amount of OTM puts on the first 3 ETFs for Oct 16th. Just my 2 tins.

IWM puts here. no way the russel doesnt pullback with oil still climbing

If NFP doesn't spike yields, I think yesterday was it for the time being for the struggles by the SPX equal weight/Dow/IWM.
I'm at the point where I need the relief badly.

Obviously missed the IWM / RUT losing the 50 day. You'll learn!

a lot of major index etf option like SPY, QQQ ,IWM, DIA closes at 4:15 ET, as well as sector etf like XLE, XLF, XLK along with GLD and SLV. (im ignoring index options like SPX, NDX, VIX etc as their expiration differ a bit for 0dte)

The main event tomorrow (Fri Oct 2) is the September jobs report at 8:30am ET, and Nike is the only name with an earnings reaction. I found no other noteworthy earnings for Friday \[3\]. Levels below are from closing prices (the data has no intraday highs and lows).
**Catalysts**
* **September payrolls:** consensus is +89K, prior +162K \[1\]. Trading Economics' model forecast is 120K \[2\]. August's +162K beat a 55K consensus and pushed up Fed-hike bets. The S&P 500 closed down 0.38% that day and consumer discretionary fell most \[1\]\[6\].
* **Rates backdrop:** the 10-year yield was 5.31% on Oct 1, up 0.53 points in a month \[10\]. The ^(TNX) quote shows 5.24% \[13\]; I couldn't reconcile the two. A Fed hike is the live risk, and yields hit their highest since 2007 in mid-September on Iran-driven oil \[11\].
* **Nike (NKE):** reported after the close. Revenue was $11.21B, down 4% and below the $11.32B estimate. Greater China fell 22%. Adjusted FY27 EPS guidance is $1.15–1.35, about 22% below the $1.61 consensus. The stock was down as much as 6.6% after hours \[9\]. It closed at $35.15, a six-month low \[12\]\[14\].
**Likely affected (my judgment):** NKE and consumer discretionary peers (XLY, LULU), SPY, QQQ, IWM, TLT, and rate-sensitive groups such as banks, homebuilders, REITs and utilities. I didn't test levels on the last group.
**Levels on the five most exposed**
|Last|Nearest support|Nearest resistance|Read|
|:-|:-|:-|:-|
|NKE|35.15|None, at 6M low|38.77 (20d high), 38.85 (50d SMA)|Gapping below its low|
|TLT|77.71|None, at 6M low|82.21 (20d high)|At the low|
|IWM|279.02|277.89 (20d and 60d low), 0.41% below|295.24 (20d high)|On support|
|SPY|763.99|761.56 (50d SMA), 752.18 (20d low)|773.5 (20d high), 775.95 (6M high)|Mid-range, 1.54% below the high|
|QQQ|742.03|715.06 (50d SMA)|747.46 (6M high), 0.73% above|Just under the high|
**Betting markets**
* **Payrolls:** Polymarket puts 100–150K at 36.5% and 50–100K at 33.0%. Kalshi has above 125K at 28% and above 0 at 88% \[8\]. Both imply a print near or above the 89K consensus.
* **Unemployment rate:** Polymarket has 4.1% at 38.5%, 4.2% at 30.0% and 4.0% at 23.0% \[4\].
* **Fed (Oct 28):** Polymarket has no change at 73.5% and a 25bp hike at 25.5% \[7\]. A strong print raises the hike odds, and the August precedent shows that is bad for equities and bonds.
* **Nike:** the only Nike markets are earnings-call word-mention contracts, so there is no price signal.
**Most likely to jump**
* **TLT:** the most asymmetric. It sits at its 6M low, and the nearest resistance is 5.5% above. A weak print (Polymarket gives below 50K about 24%) could trigger a sharp short-covering bounce. A hot print breaks the low and extends the 5.31% yield move.
* **IWM:** it is 0.41% above support at 277.89. A weak print and falling yields could spark a relief rally. A hot print breaks below it, with the next support at the 6M low of 250.04.
* **NKE:** a gap down from the 6M low into open air, with no support below $35.15. A bounce back toward 38.8 is possible but needs a reversal after the guidance cut, and short interest was already called crowded \[5\].
* **SPY and QQQ:** these have less room either way. QQQ needs only a 0.73% move to test its 747.46 high, and SPY has support at 761.56 just below.
Net view for the next few days: I give the upside scenario somewhat more weight. TLT and IWM have the best skew at their lows on a soft number. The strongest bear point is that August's beat of about 107K over consensus triggered a sell-off. A second beat with the 10-year above 5.3% would break TLT, IWM and NKE together.
**Sources**
* \[1\] United States Nonfarm Payrolls — Web Search
* \[2\] United States Non Farm Payrolls — Web Search
* \[3\] Earnings Calendar and Analysis for This Week (Sept. 28-Oct. 2) | Kiplinger — Web Search
* \[4\] Prediction markets: jobs report unemployment rate September — Source
* \[5\] NIKE, Inc. (NKE) Stock Price, News, Quote & History - Yahoo Finance — Web Search
* \[6\] Wall Street ends lower as solid jobs data fuels hawkish Fed bets | Reuters — Web Search
* \[7\] Prediction markets: Fed rate October FOMC — Source
* \[8\] Prediction markets: nonfarm payrolls September jobs added — Source
* \[9\] Why Nike Stock Fell After Its October 2026 Earnings — Web Search
* \[10\] US 10 Year Treasury Note Yield - Quote - Chart - Historical Data - News — Web Search
* \[11\] 10-year Treasury yield hits highest level since 2007 — Web Search
* \[12\] NKE Quote — Live Quote · NKE
* \[13\] ^(TNX) Quote — Live Quote · ^(TNX)
* \[14\] NKE Historical Data (6mo) — Historical Market Data · NKE

It could also save us and get us to actually allow the IWM and other small businesses to rebuild and grow again.
This dude’s shitty greed, policy, and wars have condemned American small businesses.
I can’t believe morons vote for this dude.

Just made 800% from IWM 280c thank you 🙏

fuck you IWM

how the hell is IWM V-ing? SPY should be V-ing instead

You need to learn price action and only take trades that have a Delta higher than theta which will be IWM and SPY most of the times.