Shared by
spyrosz
Finally patience paid off and after 2-months of sideways action, $IWM stagged a rally to $211.5, level that I had been stalking for a while. Looks super-toast, as 1-yr worth of demand is trapped at $211.5+.
If anything, this should reject hard here and trade lower back into the range.
-- Got short Tier 0 thru $190/200 PUT spread as TD won't let me short this thing, risking stop $216s, 1xATR=4 above the resistance level.
-- Want to see brutal rejection at $211.5, and quick/sharp move away from price.
-- Will look to add more once it loses $207.5 and goes back into the range, tightening stop to $211.5-212 for the whole size.
-- 1st target bottom of recent range $190s
04-28-2022
Took profits on the way & in-front of 1st target=$190s like a good boy. Still in with 20% of position. Can we get the break-down??
Below $190s, there is nothing but air until $171s & vaccine news gap-up from November 2021.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-03-29 09:48:20 | 15 JUL 22 200 PUT | buy | $7.250 | long |
| 2022-03-29 09:48:20 | 15 JUL 22 190 PUT | sell | $4.890 | short |
| 2022-04-06 10:17:25 | 15 JUL 22 200 PUT | sell | $11.150 | long |
| 2022-04-06 10:18:11 | 15 JUL 22 190 PUT | buy | $7.690 | short |
| 2022-04-22 11:23:12 | 15 JUL 22 190 PUT | buy | $8.220 | short |
| 2022-04-22 11:23:22 | 15 JUL 22 200 PUT | sell | $12.380 | long |
| 2022-04-25 10:07:06 | 15 JUL 22 190 PUT | buy | $10.860 | short |
| 2022-04-25 10:07:22 | 15 JUL 22 200 PUT | sell | $15.840 | long |
| 2022-04-28 11:21:16 | 15 JUL 22 190 PUT | buy | $12.430 | short |
| 2022-04-28 12:48:39 | 15 JUL 22 200 PUT | sell | $15.740 | long |
| 2022-04-29 13:58:50 | 15 JUL 22 190 PUT | buy | $11.770 | 0 |
| 2022-05-02 15:14:07 | 15 JUL 22 200 PUT | sell | $18.830 | 0 |
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