IWM
iShares Russell 2000 ETF
stock NYSE ETF

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

Holding put for IWM?

I just want IWM to stay down 1 day please

IWM down pretty hard

VIX heating up, might sell more PCS on QQQ, IWM and SPY if the price is right

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?