Long Directional Assumption: IWM Long

iShares Russell 2000 ETFArca

Description

⋅ Apr 13, 2019 8:55 PM

IWM appears to be in a reverse head & shoulders pattern with decent upward momentum. With IV rank close to 11 as of the prior close, I will be working an order of 1.75 Db. for a 156/159 call debit spread on the May 17th expiration.

Head and Shoulders Moving Averages