IWM
iShares Russell 2000 ETF
stock NYSE ETF

Got assigned on all my ETHA.
Bags are packed at prices I'm very content with across the board.
GME, BULL, MARA, ETHA mostly.
Might look into getting a little SOFI.
Still buying more ACHV calls til June, some shares too.
Anyway the market goes is fine with me, got lots of cash to buy dips and crashes.
Will prolly sell an IWM put Monday, maybe some more BBY too.
Only thing that kinda sucks is I have some ACHV June 18th calls but the PDUFA date is June 20th. I wanted some exposure early in case it ran and that was the latest date when I bought them. Hopefully, I can buy more December calls cheap now and it runs and can sell my June calls for a little profit. Or I'll just roll them. Not sure yet.

Back for another week of running Short Put Verticals aka Bull Put Credit Spreads.
After a great start to the week, Friday's drop forced me to roll a few position resulting in negative profits for the week.
MU was my big winner netting $1527 in profit.
The low delta strategy has been pretty resilient but the bottom better hit soon!!
I have been basically day trading these spreads closing at 20% profit due to the market instability.
79 spreads were closed or 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|$1,527|
|SNDK|$930|
|AMZN|$244|
|TSM|$121|
|GOOGL|$110|
|ADBE|$93|
|LULU|$93|
|MSFT|$83|
|SPY|$75|
|CRCL|$73|
|XOP|$62|
|NVDA|$57|
|EWY|$43|
|ORCL|$40|
|AMD|$39|
|SMH|$37|
|RTX|$31|
|MSTR|$23|
|SOXL|$17|
|NBIS|$13|
|ANET|$11|
|TSLA|($163)|
|XLF|($200)|
|IWM|($324)|
|USAR|($445)|
|AAPL|($536)|
|META|($1,313)|
|DIA|($1,749)|
|Totals|($1,008)|
||

I trade ETFs options like SPY, QQQ, IWM and others. Best is to stick to one. Now, I am trading 0DTE and this is only based on my trading plan as I have a specific objective. My other comments also explain this break down. My older comments have some screenshots of Jan trades.
Complex options strategies like wheel, straddle etc are for people who have big account and want fancy strategies. My trading plan is clear, it is to make money, simple for me to execute, less analysis and no overnight stress. Profit and loss on same day.
Sometime I take a bit more profit (the greed)
I'll try make a video on it, the last one was a year ago as I don't have time to make new ones. Just check my profile
* **It is people who can't be consistent with small profits- those are are not patient to practice**
* I don't put stop loss - risking % per account is myth people tell you when they have 20k+ account or using marging. You need to trade the chart and see how much you can lose and be able to trade the next day
* $300 cash account - trade 2 contracts with profit target of $10 per contract, so $20 profit per trade
* Trade once per day and like 3-5 times a week. So, $100 profit for the week - you can easily get more but main thing is to be consistent.
* Each time I reach a certain amount of profits, I add a contract e.g. when I reach $200 or so, I will trade 1 more contract next time I trade.
* You need to have a **specific exit**, not based on riding the trend or levels, it should be based on $10-20 per contract. This will bring consistency and your account will grow. Else you are just trying to make a one hit wonder. You want to have consistent money end of the month - take some out and keep growing the account.
* Here's the number if you are increasing the contracts
* End of Jan - Profit would be $4,70
* End of Feb - Profit would be $1,720
* End of Mar - Profit would be $5,990
* I take a bit more profit on some days

What do you trade? Are you just starting?
https://preview.redd.it/rkbyk18oodqg1.jpeg?width=1080&format=pjpg&auto=webp&s=a58ce417ab89c597d0aaade02ef9a4b4e17ab797

IWM is the most rate dependent index in the market. Regardless of if TACO happens, rate cuts are likely off the table, and hikes maybe coming. You might want to switch index.

I am jacked to the tits on IWM futures and a bunch of NVDA shares.
Imagine not holding long positions when the greatest pump master of all time is occupying the White House.

Buy the IJR instead of the IWM - better small cap index over time .

STO IWM 235p 1 DTE @ 0.5

Was stating at a buy order all afternoon and pussied out on calls @ $645
Down decent today, but holding shares and an IWM contract over the weekend.

The deep OTM puts started piling up before the "war started" its almost like the "war" wasn't the driving force. It will be interesting to see what happens Monday when all these ETF shares need to be delivered on SPX, SPY,IWM XRT, VOO, and all the other state street shams. Almost exactly 5 years ago oil was trading sub $60 then spiked over $100. Swaps and derivatives that couldnt possibly be that far ITM since those that get into those contracts are "too big to fail", same with silver doubled in a short time about 5 years ago. "Definitely not a pattern", pharmaceutical stocks are gonna skyrocket next when another pandemic happens if this mysterious trend continues.

Mag 7 etf corrected, IWM corrected, Nasdaq almost there. All for no fucking reason.

Bought a lottery IWM 229 put for monday and it's actually green. Might sell today for a cool 50 cents.

IWM back to Nov 2021 levels

IWM Russell *officially* in Correction Territory

Charles Schwab just told me IWM is considered hard to borrow! WTF is happening?

IWM about to close below the 200 ema, last two times this happened was 2022 bear market and liberation day…

IWM and SPY are teetering right above the 200 SMA. I would wait to see if we close below that in the next week or so. If we do I’d wait, as that may signal a bigger dip coming.

Ignoring all the noise and looking forward for a few months, this looks like a decent spot for IWM