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cashcow04
Jun 10, 2016 3:21 PM

Short IWM Short

iShares Russell 2000 ETFArca

Description

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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