IWM
iShares Russell 2000 ETF
stock NYSE ETF

Hello, from my experience and performance, I do solid upto 3% on good days. which is realistic based on my performance . I have been day trader for full time for a while.
For eg. On Friday 16 this was my performances
9:41 IWM Calls 170%🔥
9:53 SPY Puts 102%🔥
10:43 IWM Calls 188%🔥
AMZN Calls 170%🔥
PLTR Calls 110% 🔥
3:00 SPY Puts 100%+🔥
3:45 SPX Puts 100% 🔥
3:55 SPX Puts 340% 🔥
This performance with low $ amount per trade gave me 3%+ on a day. If you can beat this then I will pay for your time . Good luck

Iran and Greenland are pretty tame non issues. Plus IWM deals with mainly US based stocks (least international exposure vs QQQ). May the ghost of MLK be with you.

I agree SGoV or CD’s short time frame and market has risks. My God, SPY went from 330 to almost 700 and gold from 1500 an ounce to 4600. Silver is skyrocketed. We are due for at least some type of pull back or rotation in 2926. I am not sure when but I have been trimming and rebuying stuff lower. Of course the trend is still up until it is not, look at IWM here? Look at silver. Still markets need to digest and historically mid January is a time it could happen.

There’s been a long dispersion trade placed on the market and it’s caused a very low correlation amongst stocks and has caused all the major indices other than IWM to be pinned. The markets have sold index options and bought single stock calls so they are short gamma. One of the main reasons why all of these space stocks and nonprofitable tech has been doing so well lately specifically after the start of January. Volatility has been pinned because of this very large strangle that has been placed on the market. The top upper bound has stayed the same, but the lower bound keeps compressing getting tighter and tighter. Like if you look at QQQ on a one hour chart, you could see that in an ascending triangle right now And we’re basically at the tip. If you look at a 1W chart of QQQ it’s even more pronounced right now. ask ChatGPT what a long / short dispersion trade is and it’s been traded as of all asset class among institutions.

IWM having been on fire lately is a bugaboo to this thesis, as at some point, it's going to pull back, and for now, I do NOT think the tech lag/dip gets bot.
Tech likely leads the way lower on the reopen Tuesday, and some of the stuff that has been on fire tries to do it again but fails because it's been too hot lately.
The real problem will be the NVDA news.

Update: How my spread strategy has evolved + what happens when things go south
I’ve been refining my options framework for a while now, and since a few people asked what I do when trades go bad, here’s a quick update.
The basics are the same: defined-risk credit spreads on SPY, QQQ, and IWM. Entries around 35–45 DTE, exits near 50–70 % profit or about 14 DTE. I never hold to expiration, never roll for income, and never stack risk in the same direction.
The biggest change is patience. I don’t chase fills anymore. I set GTC limit orders outside current price and let the trade come to me. If it doesn’t fill, that’s fine—no trade is better than a forced one. I’d rather collect credit on my terms.
You’ll see both call and put spreads staged, but they’re independent, not an iron condor. I’ll take whichever side gets the move and cancel the other. Keeping buying power free gives me flexibility and breathing room.
So what if things go south?
If price drifts near my short strike, I wait—time decay still works in my favor.
If I’m clearly wrong, I close the trade and take the defined loss.
No rolling, no revenge trades, no doubling down.
The focus now is staying mechanical, keeping risk small, and letting time and volatility do the heavy lifting. The goal isn’t to win every week—it’s to stay in the game long enough for probability to pay you.

That's why there are 1.5m+ options traded on IWM on a given day. It's like SPY or QQQ for true sickos.

Blew up my account, threw last 10k into Tuesday IWM puts, rationale? Orange man getting angry, Iran and Greenland are potential black swan scenarios, especially Greenland. Hello new Tariff’s

I don't see it, but the main issue is that IWM's RSI is through the sky and the Nasdaq looks cooked until probably after the band aid is ripped off with a deeper dip.
The latest issue was another H200 thing with NVDA chips. Tech likely leads lower on Tuesday.

**Is anyone else watching the massive rollover in Money Market Funds (MMF) this week?** 🤔
It looks like the "Recession Fear" trade is finally unwinding. Gold is stalling, but **Small Caps ($IWM)** are quietly breaking out to multi-year highs.
That $7 Trillion on the sidelines seems to be finally chasing risk (Beta) instead of yield.
I've started rotating heavily into Russell 2000 and AI infra this week. Are you guys still hiding in Mag 7 or starting to look at small caps?

My recommendation is to use something like SPY, QQQ, IWM instead of individual stock.
I have been running IC on SPY for a while and as a proxy for the entire market you don't get as wild a swing as individual stocks making it easier to predict the price at which you should sell it.
I sell 5 to 10 dte at a .2 to .25 Delta on the short options. Been working like a dream as the market has been grinding to new ath. Usual collect $150 to 180 on $5 wide wings. There are time I am at 80 to 90% profit with 1 or 2 dte.
Curious what stocks you have been using. I have also tried to run IC on Msft, Avgo, Unh, Pltr, Amzn to name a few but they always seem to do weird things making it hard to be consistent.

RUT/IWM killing it this year. Up almost 8% YTD

My suspicion is that when small caps are done with their business on the upside, the next step is going to be tech leading US markets lower for a few weeks instead of a rotation back with the way things seem. As this just isn't a good look, if we actually do try for even "$280" on IWM for ex, it's stretching things so hard in the opposite direction of summer 2024 that something is probably going to end up breaking.
I know, I know, very unpopular take, much more popular to be like HAPPY HAPPY, JOY, JOY, we're going to get to 7800 easily on the SPX, but check this out:
https://bsky.app/profile/ukarlewitz.bsky.social/post/3mbujyg6bx22p
Breadth expansion likes to have a history of just ending in tears for the S&P.

What strike price for those IWM puts?

I bought IWM puts through Tuesday and VIX 15c 4 weeks out. I just don't believe some BS doesn't happen.

IWM over sold. Dip on high beta stocks incoming soon.

IWM ATH again, so much stronger than SPY and QQQ

The IWM chart for the last 3 weeks makes me sick

IWM 300 when?

IWM puts I think he’s saying