Below is a daily chart of iShares Russell 2000 ETF (IWM).
Trade: Under $149.60, consider shorting Oct (10/20) $150.5/153 bear call spread (10 DTE) for mid-point (currently $.65/share).
Technical Setup: Topping pattern and anticipated breakdown after Climactic Sell Setup daily.
Option Strategy: Call Credit Spread (BCS).
Stop Loss: $150.62.
Happy trading! If you have any questions or comments, please e-mail Greg Capra at Greg@mastertrader.com or Dan Gibby at Dan@mastertrader.com
All the best,
Greg Capra
Managing Director of Master Trader
Pristine’s Founder and Creator of the Pristine Method
Dan Gibby
Chief Options Strategist
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Twitter: @GregCapra
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