Happy New Year!
After a strong Christmas rally, the market is in a correction.
The trend is still up unless the market tells us otherwise.
Yesterday, I opened new Positions in IWM.
I expect the upward trend to continue after breakout at $198. With a short put I would like to participate in an upward movement.
Facts:
Short Put - $188
Credit: $1,75
45 DTE - Feb16 '24
IVR: 34 with historical IV above 20%
best regards
toni
After a strong Christmas rally, the market is in a correction.
The trend is still up unless the market tells us otherwise.
Yesterday, I opened new Positions in IWM.
I expect the upward trend to continue after breakout at $198. With a short put I would like to participate in an upward movement.
Facts:
Short Put - $188
Credit: $1,75
45 DTE - Feb16 '24
IVR: 34 with historical IV above 20%
best regards
toni