LowIQTrash » 17 Apr 2024, 7:36 pm » wrote: ↑
My source has informed me IWM has already topped (at 210 a couple weeks ago). The “canary in the coal mine” trade I made…a grand total of 1 put is up a measly 31%.
I would start stacking 7-10 month puts or wait for the dead cat bounce up to 200, but the risk/reward here looks excellent. If you zoom out to the 5Y it looks very ominous.
Nice, 31% isn't 500% but it's still a win. 31% for a short time frame is nothing to scoff at. Did you take the money or riding it out?
The 5 year chart sure shows the possibilities, you expecting another global pandemic

?