IWM
iShares Russell 2000 ETF
stock NYSE ETF

Are you still trading IWM? Good analysis. Just came across this thread.

I’m short crude futures and long IWM futures.
The indomitable will of the American people can never be conquered.

Sold CL futes before close.
Generally don’t hold over the weekend, but felt like riding the lightning on this one.
Also have a smaller IWM long futures position.

QQQ and IWM are good alternatives with cheaper premiums.
Also look at liquid names like AAPL, AMD and NVDA or sector ETFs like XLF and XLE.
But sticking to one ticker (like SPY) can actually help you read price action better.

Back for another week of running Short Put Verticals aka Bull Put Credit Spreads.
After a brutal first week of March, I was able to recover somewhat moving back into the green for the month.
I have been basically day trading these spreads closing at 20% profit due to the market instability.
All 61 spreads were closed with none 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**
* **Long put chosen to achieve a net delta of .07**
* ***All the following criteria must be met prior to opening trade***
* **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 +/-|
|:-|:-|
||
|MU|$1,501|
|SNDK|$792|
|TSM|$317|
|NVDA|$232|
|AMZN|$211|
|GOOGL|$171|
|IWM|$136|
|META|$80|
|GLD|$58|
|BE|$52|
|SLV|$42|
|ADBE|$42|
|DIA|$41|
|QQQ|$41|
|USO|$36|
|CRCL|$30|
|RKLB|$28|
|SMH|$25|
|AAOI|$24|
|AAPL|$19|
|MULL|($225)|
|Totals|$3,652|
||

Are you still trading IWM? Good analysis. Just came across this thread.

I’m short crude futures and long IWM futures.
The indomitable will of the American people can never be conquered.

Sold CL futes before close.
Generally don’t hold over the weekend, but felt like riding the lightning on this one.
Also have a smaller IWM long futures position.

QQQ and IWM are good alternatives with cheaper premiums.
Also look at liquid names like AAPL, AMD and NVDA or sector ETFs like XLF and XLE.
But sticking to one ticker (like SPY) can actually help you read price action better.

Back for another week of running Short Put Verticals aka Bull Put Credit Spreads.
After a brutal first week of March, I was able to recover somewhat moving back into the green for the month.
I have been basically day trading these spreads closing at 20% profit due to the market instability.
All 61 spreads were closed with none 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**
* **Long put chosen to achieve a net delta of .07**
* ***All the following criteria must be met prior to opening trade***
* **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 +/-|
|:-|:-|
||
|MU|$1,501|
|SNDK|$792|
|TSM|$317|
|NVDA|$232|
|AMZN|$211|
|GOOGL|$171|
|IWM|$136|
|META|$80|
|GLD|$58|
|BE|$52|
|SLV|$42|
|ADBE|$42|
|DIA|$41|
|QQQ|$41|
|USO|$36|
|CRCL|$30|
|RKLB|$28|
|SMH|$25|
|AAOI|$24|
|AAPL|$19|
|MULL|($225)|
|Totals|$3,652|
||

Here is something that I can’t seem to wrap my head around.
“specifically scalping index (SPY, QQQ, IWM) 0DTE”……..
These are ETFs indexes are SPX, NDX and RUT. No offense if you couldn’t tell the difference bets ween ETFs and Indexes , you shouldn’t be trading 0DTEs with that kinda capital

Long IWM futures about an hour before close.
Also short crude oil, which this week has basically functioned as inverse SPY.

0DTE liquidity. It’s fine with SPX/IWM and the likes. Not so much for USO type.

I went long IWM futes today because we are due for a real dead cat bounce/retail pile in.

IWM, XLE would be your best best with smaller account
XLE usually moves slower and also weekly expiry, so be careful with these
I am trading IWM on some days and it is very good. I am regrowing a small account, you can easily trade once a day and 2-3 times a week and grow it to 60,000 in 6 months.

Fuck it, heading into the weekend shorting oil futures.
Also long IWM futures.
I’ll let you know how it goes on the other side.

holy shit look at the IWM put volume for next Friday

IWM still green YTD, not even close to the bottom

If it doesn’t recover today, I’m holding oil short and IWM long futures over the weekend.
It’s gonna be death or glory, wish me luck.

Went short oil futures at 96, and long IWM about 5 mins ago.
There’s no way we don’t see a bull trap going into the weekend.