cashcow04

Short IWM

Short
cashcow04 Updated   
AMEX:IWM   iShares Russell 2000 ETF
0
Showing weakness in volume since 5/31. Ran up to Resistance #1 on pivots on Weds. Looks like a hammer today, but betting on short term weakness by playing the weekly June 17 puts $116. Weekly chart it's turning bearish to confirm.
Comment:
Sold my weekly $116 puts for $2.07 today. Entry as $0.97. Nice 113% gain. Onto the next one.

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