IWM Short Short

iShares Russell 2000 ETFArca

Description

⋅ Mar 1, 2018 8:59 PM

Shorting some small-caps here as another hedge.

Bought 2x Apr20 $150 calls for $4.30.

Delta: 49
Max loss: $860
Stop Loss: Price at 151.50
Target: Price at $145.10

Again, I'll watch price action around the target to see if it wants to roll further. I might also take off half the position if we get a outsized, quick move right away.

Trade active

⋅ Mar 2, 2018 3:51 PM

Stop moved to 150.72.

Trade closed manually

⋅ Mar 2, 2018 4:31 PM

Stopped out here for $3.95 db.