IWM
iShares Russell 2000 ETF
stock NYSE ETF

My IWM $200 Puts will print. July 18 expiry.
Nothing is real.

It isn't that rate cuts will happen earlier, it's that they need to utilize the cash while rates are higher.
And to your point on IWM, yes. The companies are affected more. However, they have much greater growth potential. So you have your quants and whoever research which ones would be less affected and buy those.
Don't think about tariffs being kicked down the road or them being a "threat". They're real and they're right the fuck now.

I mean IWM is greener than SPY and QQQ today and they're affected by tariffs to a way higher degree. I'm thinking it's not the tariffs either, markets seem to be calling 🌮s bluff on the deadline and the threat of new tariffs. That leaves rates. Bond yields down big today as well, which indicates that yeah traders expecting earlier and possibly greater cuts. But with the labour market strength and tariffs possibly being kicked down the road again I just don't see cuts happening earlier as long as Powell is in charge

I've been selling options on and off for a few years, I'm no pro (yet). I'd try a new strategy and get burned and take a few months' sabbatical to mentally recover lol. I've done Poor Man's Covered Calls in the past, got burned bad in Covid when the market plummeted and my LEAPS expired worthless. Have tried credit spreads and got burned badly not knowing where to set my deltas and having pretty much no exit strategy other than panic buying back after already losing way too much. For the last year I've been selling plain old CCs on QQQ and IWM 1DTE and have had some pretty good success and enjoy not having any 'real' losses unless a call gets assigned under my cost basis which would be my own fault anyways. (I'm getting to my question I promise) over the last few weeks I've been schooling myself on ICs and really like the fact you are (roughly, sometimes) doubling your credit with the same up front risk compared to a regular 2-leg credit spread. For strategy, I'd say 95% of what I read is pick .10-.15 delta roughly 45DTE, then take your profit or manage at roughly 21DTE. Since I am used to rolling and managing 1-0DTE covered calls, I really like your strategy for the 0DTE but I have yet to try it out. Before I start, I want to pick your brain a bit if I may haha. How much are you managing these? Are you watching constantly all day long and making quick moves to roll if needed? With my CCs I roll next day and leave it until the next day and manage so it's a pretty set and done until tomorrow morning thing for me. I am assuming you're monitoring much more than that. At what point do you take a loss/roll out next day? Do you go off a percentage loss or a delta? I believe you've said you let the 1 leg that should expire worthless sit and roll out the opposite leg, then sell another leg to complete the IC. Have you tried further expirations before such as the 45DTE and how much better are your returns comparatively? Sorry for asking so many questions but you seems to really know what you're doing and I want to quit my day job sooner rather than later. 🤣🤣

Oh look, my IWM calls are green again. Interesting

IWM has been insane this week

me too on IWM

Made money off IWM. Fomc can suck it dry 🖕

## Highest Premium
These options offer the highest ratio of implied volatility (IV) relative to historical volatility (HV). These options are priced to move significantly more than they have moved in the past. Sell iron condors on these as they may be over priced.
| Stock/C/P | % Change | Direction | Put $ | Call $ | Put Premium | Call Premium | E.R. | Beta | Efficiency |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| SLV/34.5/33 | -0.57% | 56.68 | $1.08 | $0.73 | 1.02 | 1.02 | N/A | 0.35 | 97.7 |
| GDXJ/69.5/65 | -0.07% | 93.76 | $2.44 | $2.18 | 0.85 | 0.9 | N/A | 0.7 | 79.6 |
| USO/80/75.5 | -0.8% | 41.91 | $2.7 | $2.0 | 0.77 | 0.77 | N/A | 0.5 | 87.1 |
| LQD/109.5/107.5 | 0.22% | -35.08 | $0.76 | $0.62 | 0.91 | 0.61 | N/A | 0.18 | 93.3 |
| XLU/83/80 | 0.23% | 13.28 | $1.23 | $1.15 | 0.77 | 0.73 | N/A | 0.44 | 86.1 |
| ASHR/29/27.5 | -0.11% | 32.88 | $0.51 | $0.39 | 0.75 | 0.75 | N/A | 0.19 | 73.5 |
| CCJ/76/70 | -0.1% | 307.59 | $3.8 | $2.73 | 0.75 | 0.72 | N/A | 1.16 | 88.5 |
| KWEB/36/34 | -0.73% | 5.74 | $1.26 | $0.73 | 0.69 | 0.72 | N/A | 0.55 | 93.5 |
| XRT/83/78.5 | 0.09% | 68.08 | $1.78 | $1.47 | 0.72 | 0.66 | N/A | 0.93 | 82.0 |
| IWM/227/218 | 0.54% | 63.63 | $4.34 | $5.11 | 0.69 | 0.66 | N/A | 0.99 | 97.1 |
## Expensive Calls
These call options offer the highest ratio of bullish premium paid (IV) relative to historical volatility (HV). These options are priced expecting the underlying to move up significantly more than it has moved up in the past. Sell these calls.
| Stock/C/P | % Change | Direction | Put $ | Call $ | Put Premium | Call Premium | E.R. | Beta | Efficiency |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| SLV/34.5/33 | -0.57% | 56.68 | $1.08 | $0.73 | 1.02 | 1.02 | N/A | 0.35 | 97.7 |
| GDXJ/69.5/65 | -0.07% | 93.76 | $2.44 | $2.18 | 0.85 | 0.9 | N/A | 0.7 | 79.6 |
| USO/80/75.5 | -0.8% | 41.91 | $2.7 | $2.0 | 0.77 | 0.77 | N/A | 0.5 | 87.1 |
| ASHR/29/27.5 | -0.11% | 32.88 | $0.51 | $0.39 | 0.75 | 0.75 | N/A | 0.19 | 73.5 |
| XLU/83/80 | 0.23% | 13.28 | $1.23 | $1.15 | 0.77 | 0.73 | N/A | 0.44 | 86.1 |
| CCJ/76/70 | -0.1% | 307.59 | $3.8 | $2.73 | 0.75 | 0.72 | N/A | 1.16 | 88.5 |
| KWEB/36/34 | -0.73% | 5.74 | $1.26 | $0.73 | 0.69 | 0.72 | N/A | 0.55 | 93.5 |
| ZS/325/305 | 0.71% | 209.12 | $10.45 | $10.12 | 0.67 | 0.67 | 56 | 1.49 | 83.2 |
| XRT/83/78.5 | 0.09% | 68.08 | $1.78 | $1.47 | 0.72 | 0.66 | N/A | 0.93 | 82.0 |
| IWM/227/218 | 0.54% | 63.63 | $4.34 | $5.11 | 0.69 | 0.66 | N/A | 0.99 | 97.1 |
## Expensive Puts
These put options offer the highest ratio of bearish premium paid (IV) relative to historical volatility (HV). These options are priced expecting the underlying to move down significantly more than it has moved down in the past. Sell these puts.
| Stock/C/P | % Change | Direction | Put $ | Call $ | Put Premium | Call Premium | E.R. | Beta | Efficiency |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| SLV/34.5/33 | -0.57% | 56.68 | $1.08 | $0.73 | 1.02 | 1.02 | N/A | 0.35 | 97.7 |
| LQD/109.5/107.5 | 0.22% | -35.08 | $0.76 | $0.62 | 0.91 | 0.61 | N/A | 0.18 | 93.3 |
| GDXJ/69.5/65 | -0.07% | 93.76 | $2.44 | $2.18 | 0.85 | 0.9 | N/A | 0.7 | 79.6 |
| USO/80/75.5 | -0.8% | 41.91 | $2.7 | $2.0 | 0.77 | 0.77 | N/A | 0.5 | 87.1 |
| XLU/83/80 | 0.23% | 13.28 | $1.23 | $1.15 | 0.77 | 0.73 | N/A | 0.44 | 86.1 |
| ASHR/29/27.5 | -0.11% | 32.88 | $0.51 | $0.39 | 0.75 | 0.75 | N/A | 0.19 | 73.5 |
| CCJ/76/70 | -0.1% | 307.59 | $3.8 | $2.73 | 0.75 | 0.72 | N/A | 1.16 | 88.5 |
| XRT/83/78.5 | 0.09% | 68.08 | $1.78 | $1.47 | 0.72 | 0.66 | N/A | 0.93 | 82.0 |
| GTLB/49/45 | 0.1% | -13.55 | $2.25 | $1.85 | 0.69 | 0.65 | 51 | 1.43 | 78.1 |
| XLV/138/134 | 0.19% | -26.11 | $2.06 | $1.98 | 0.69 | 0.64 | N/A | 0.59 | 76.9 |
- **Historical Move v Implied Move:** We determine the historical volatility (standard deviation of daily log returns) of the underlying asset and compare that to the current implied volatility (IV) of the option price. We use the same DTE as a look back period. This is used to determine the Call or Put Premium associated with the pricing of options (implied volatility).

- **Directional Bias:** Ranges from negative (bearish) to positive (bullish) and accounts for RSI, price trend, moving averages, and put/call skew over the past 6 weeks.
- **Priced Move:** given the current option prices, how much in dollar amounts will the underlying have to move to make the call/put break even. This is how much vol the option is pricing in. The expected move.
- **Expiration:** 2025-08-22.
- **Call/Put Premium:** How much extra you are paying for the implied move relative to the historic move. Low numbers mean options are "cheaper." High numbers mean options are "expensive."
- **Efficiency:** This factor represents the bid/ask spreads and the depth of the order book relative to the price of the option. It represents how much traders will pay in slippage with a round trip trade. Lower numbers are less efficient than higher numbers.
- **E.R.:** Days unitl the next Earnings Release. This feature is still in beta as we work on a more complete list of earnings dates.
- **Why isn't my stock on this list?** It doesn't have "weeklies", the underlying is "too cheap", or the options markets are too illiquid (open interest) to qualify for this strategy. 480 underlyings are used in this report and only the top results end up passing the criteria for each filter.

IWM calls working. Question is to take the money or let them cool

I'm going to revenge trade IWM today. Surely it will work in my favor. If not, I yolo some SPX again. GL me

Consider buying dips between 618–619 if breadth confirms; fade any sharp rally that lacks IWM support.

My IWM $200 Puts will print. July 18 expiry.
Nothing is real.

It isn't that rate cuts will happen earlier, it's that they need to utilize the cash while rates are higher.
And to your point on IWM, yes. The companies are affected more. However, they have much greater growth potential. So you have your quants and whoever research which ones would be less affected and buy those.
Don't think about tariffs being kicked down the road or them being a "threat". They're real and they're right the fuck now.

I mean IWM is greener than SPY and QQQ today and they're affected by tariffs to a way higher degree. I'm thinking it's not the tariffs either, markets seem to be calling 🌮s bluff on the deadline and the threat of new tariffs. That leaves rates. Bond yields down big today as well, which indicates that yeah traders expecting earlier and possibly greater cuts. But with the labour market strength and tariffs possibly being kicked down the road again I just don't see cuts happening earlier as long as Powell is in charge

I've been selling options on and off for a few years, I'm no pro (yet). I'd try a new strategy and get burned and take a few months' sabbatical to mentally recover lol. I've done Poor Man's Covered Calls in the past, got burned bad in Covid when the market plummeted and my LEAPS expired worthless. Have tried credit spreads and got burned badly not knowing where to set my deltas and having pretty much no exit strategy other than panic buying back after already losing way too much. For the last year I've been selling plain old CCs on QQQ and IWM 1DTE and have had some pretty good success and enjoy not having any 'real' losses unless a call gets assigned under my cost basis which would be my own fault anyways. (I'm getting to my question I promise) over the last few weeks I've been schooling myself on ICs and really like the fact you are (roughly, sometimes) doubling your credit with the same up front risk compared to a regular 2-leg credit spread. For strategy, I'd say 95% of what I read is pick .10-.15 delta roughly 45DTE, then take your profit or manage at roughly 21DTE. Since I am used to rolling and managing 1-0DTE covered calls, I really like your strategy for the 0DTE but I have yet to try it out. Before I start, I want to pick your brain a bit if I may haha. How much are you managing these? Are you watching constantly all day long and making quick moves to roll if needed? With my CCs I roll next day and leave it until the next day and manage so it's a pretty set and done until tomorrow morning thing for me. I am assuming you're monitoring much more than that. At what point do you take a loss/roll out next day? Do you go off a percentage loss or a delta? I believe you've said you let the 1 leg that should expire worthless sit and roll out the opposite leg, then sell another leg to complete the IC. Have you tried further expirations before such as the 45DTE and how much better are your returns comparatively? Sorry for asking so many questions but you seems to really know what you're doing and I want to quit my day job sooner rather than later. 🤣🤣

Oh look, my IWM calls are green again. Interesting

IWM has been insane this week

me too on IWM

Made money off IWM. Fomc can suck it dry 🖕