IWM
iShares Russell 2000 ETF
stock NYSE ETF

Is IWM going PUTS?

IWM or IWMI (coverd call) for the Russell 2000

That's IWM.

A little bit of intro about me before the Claude generated text about my platform. I'm a software dev of almost 9 years and I've been exploring different ways to invest. I wanted to learn how to trade options but it was all foreign to me and I didn't really grasp what was going on. So I settled on just building it myself. I'm a person who learns as they do and found it informative to talk to Claude as I learned. I would suggest using AI tools to evaluate pages if you decide to use this free tool. I'm making it public so that other can hopefully benefit from PIIP. Understand that I build it to learn so I'm sure it's rough around the edges. Please leave any feedback if you decide to use the tool and I'll try to 'upgrade' the platform as I can. This is a side project for me and I will do my best to get to any requests during the day.
Here is a link to the repo: \[https://github.com/jacksonp-dev/PIIP\](https://github.com/jacksonp-dev/PIIP)
Okay so now the informative part from Claude
\*\*Worth knowing:\*\*
\* \*\*Free and local-first\*\* — runs entirely on your own machine, your own API keys, no server, no account.
\* \*\*Not financial advice, no proven edge\*\* — the backtest numbers are in the app itself, not hidden in a README nobody reads.
\* \*\*License\*\*: source-available — clone it and run it, but it's not open for reuse/modification/redistribution right now. Bug reports and feedback are very welcome.
\*\*What's inside:\*\*
🏠 \*\*Home\*\* — Your account at a glance: equity, today's P&L, open positions.
⭐ \*\*Watchlist / 🧮 Screener\*\* — Track tickers you care about, or scan the full S&P 500 + major ETFs by price and today's move.
📰 \*\*Feed\*\* — Ranked list of names with an unusually large expected move (options-implied), and why.
📣 \*\*Reddit Momentum\*\* — Detects fast-rising Reddit discussion across 6 subreddits. Not a stock picker — a "worth a look" signal, built from real mention/rank data only.
📟 \*\*0DTE Intelligence\*\* — A same-day market-condition dashboard for SPY/QQQ/IWM/DIA: bias, breadth, options/dealer positioning, a "Market DNA" day-type read, plus real Fed liquidity + CPI/jobs data. Research context, not a trading signal — backtested, and the highest-confidence bucket is statistically indistinguishable from SPY's own base rate.
🔎 \*\*Research / 🔬 Deep Research / 🔭 Ticker Page\*\* — Per-ticker technicals, options chain, greeks, fundamentals, clinical trials (biotech), SEC filing catalysts.
💰 \*\*Paper Trading\*\* — A real, persistent $1,000 paper options account. Every trade saved, survives a restart.
📔 \*\*Journal\*\* — Log your thesis, what would prove you wrong, and your exit plan — then review the outcome honestly.
🎯 \*\*Scorecard\*\* — Every prediction the tool makes gets graded against reality, SPY, and a coin flip. If it can't beat a dumb baseline, that's shown plainly, not hidden.
🤖 \*\*Optional AI layer\*\* — Click-to-run only (never automatic, never free) — interprets the deterministic numbers, never invents its own, and is scored against the mechanical baseline instead of trusted by default. \\\*Note that this needs improvement as I haven't tested it very much, but I thought it could be a cool feature. I suggest using your own ai tool (chatGPT, Claude, etc) to ask questions on the data for each page. \\\*
📖 \*\*Glossary\*\* — Every term on the platform explained in plain English with examples.
🐛 \*\*Feedback\*\* — Report a bug or share an idea right from the app.
Thanks

you thinking IWM 0dte or swinging it, i know a tad bit about spy but looking for some insight

I don’t get it, the IWM went down, how did the puts not print?

IWM is a scam

There’s always a chance.
After a particularly bad Monday, an entire market overreaction in October last year, I bought 70 IWM calls@ .03 for about $240. At the end of the week they were worth 1.89 each or $13,230.
So yeah, there’s always a chance…but like someone else mentioned-the pressure at $25-50 compared to $5K compared to 5 & 6 digits is uncharted territory for many traders & something most don’t & won’t experience.

One suggestion I would make is that if you don't want to get rid of your shares, stop trading covered calls. I trade covered calls on SPY, to which I obviously own the shares. However, I am ok getting called away, so I never take a loss. I simply buy them back at the higher price and continue. The point is that I am looking for income on my covered calls. If you are looking for capital gains, then CC's are the wrong choice in my opinion.
Also, I used to trade CSPs on SPY as well. Then I found a better solution where I never had to worry about assignment. If assignment doesn't bother you or that's your thesis, then disregard. But, in my case, I now take the same strategy I used for CSPs and now sell an SPX Vertical Credit Spread.
What I love about SPX is that there is no early assignment. And if you live in the US, the taxation is 60/40, with 60% of your gains being taxed at long term capital gains with the other 40% at short term capital gains. That's quite a savings in taxes to Uncle Sam's sticky fingers.
I started as a stock options trade, but now just trade SPY and SPX and I'm now testing IWM. I like the index ETFs because there's no research to do on a particular company and the volatility is much tamer compared to individual stocks.
My last point is about psychology. This is by far the most important aspect when it comes to trading and investing in my opinion. Most strategies work, but what always gets in the way is that little demon on your shoulder. You know, the one that tells you to cut your profits and get out early because he just knows the stock is going to dump. Mindset in trading is 80% and strategy is 20%. A good book to read is "The Psychology of Money" by Morgan Housel.