IWM
iShares Russell 2000 ETF
stock NYSE ETF

Lmaoooo, just noticed small caps are getting murdered. IWM down 1.7%
Now if only SPY and QQQ could join them…

i've shorted IWM and QQQ so many times when the conditions were the same as today (oil rising, DXY rising), only today it's decided it wants to work

Have tried so many times to catch the piece of shit IWM with puts and it never works. Then when I say, “fuck IWM. Not touching it ever again.” Today happens.

IWM dropping to new LODs while QQQ melts up to new HODs.
QQQ is sucking up all the liquidity and being gamed by call options and a gamma squeeze.
Isnt it funny how when too many people buy puts its "put call ratio is too high market needs to rally"
but when everyone YOLOs into Calls its "MM have to delta hedge and it causes market to rally"

Idk QQQ, IWM, and SPY all red AH.  Hopefully not a profit taking day tomorrow 

# Take my body IWM

Seeing everything being more up than MSFT in my tradingview tracker. Nasdaq, SPY, IWM, NIKKEI, URTH, MAG7 ... even fucking META is 3x more up than MSFT today.

I need a major pump or dump on IWM. I need less theta.

If I don't make a few milli in the next few minutes, Mr. IWM will receive a \*very\* strongly worded letter.

Slowly getting there. Too bad no VTI - I guess you can approximate with IWM plus IVV.

Should I sell my IWM 281p expiring Friday now for a 60% loss, or hold until Friday for a 99.9% loss?

IWM the real winner

I'm starting to think my IWM 281p weeklies might be fooked.
Just a bunch, though.

Like BRK, IWM, IBIT, etc. I don’t really care about protection. Things will go south. And at times more than a year like it was in 2021. I’ll keep holding.

If it is hitting your SL, then based on your strategy, your SL is too tight and conservative. You need to review it.
- if starting with small account for options, you cannot have this 1-5% general stuff for risk. This is useless and for people who have large account and using only a portion in each trade
- keep forward test your strategy and refine it.
- I only day trade options on ETFs like SPY, QQQ, IWM and take like $10-15 profit per contract. I have just restarted with a $300 and targeting to scale it to a$60,000. Started posting in this subreddit.
- I see you are based in India and won't probably have access to US markets as you trading nifty. Same principles applies, just use tradingView for charting, back test manually and keep forward testing.

My IWM 281p weeklies might be fooked.
Never forget, behind this top is another grander, more lofty top.

My IWM 261p weeklies might be fooked.
When will I ever learn... behind every top is another, more grand and lofty top.

I remember but I didn't buy even though I believed in Alphabet because I was heavy over weighted on google already.
Diversify they said. So instead of jump pumping more cash into mag8 I bought stuff like CHRD, VOO, LVMUY, AXP, IWM/UWM/TNA, and BOXX/SHY.

So I trade similar strategy with some tweaks. I use 1min, 3min, & 5min candle charts.
5min chart has vwap.
3min chart has ATR and 9ema.
1min has volume.
I trade SPX or RUT. Since you can’t add volume bars or vwap on thinkorswim for indexes I watch, SPY, IWM or QQQ.
Entry criteria, who is leading Risk On or Risk Off or is it crab day.
Enter trade on confirmation of trend on 5min with ORB, watch 3min where the ATR is and enter the trade on 1min. Is it bounce of vwap or rejection, is it bounce of 9ema or rejection.
This works until it doesn’t.

I have 1% of my port in IWM puts and everything else in cash equivalents or short term bond funds.
Im not touching anything at these nonsense levels. Not buying 1999 level hype levels