Benji
Short

IWM - Short Call Spread

AMEX:IWM   ISHARES RUSSELL 2000 ETF
56 0 5
-1 16 Dec             16 IWM             SHORT CALL SPREAD 132/135 @ 0.84 ($84)

Shorting IWM             here on a nice daily candle at some resistance. I'm looking for a possibly exhaustion of Small caps here and turn around into a recognizable pattern

Max Reward: $84
Max Risk: $216

Target: 50% management
Trade closed manually: Closed this trade 12/9 for just under it's full loss. I don't see it moving down 5% percent in the next week.

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