IWM - is this a small cap bubble? swing put trade
I recently posted a chart for a swing put trade idea (linked) and that did not work out. Small caps rallied after price bounced off the daily 20sma.
I was looking at bearish divergence (marked on previous chart) and IWM's price retreated to the 20sma. Yet I have to note the volume difference between this current rally and the previous days of selling. Seems like social media-based crowds are trying to make quick profits on low price stocks, and there is no institutional participation.
I bought swing puts with price over 128. Again will give this time. Check the 30m charts and XBI (linked) as well. Both took a sharp fall this morning and I am looking for both to move lower.
I was looking at bearish divergence (marked on previous chart) and IWM's price retreated to the 20sma. Yet I have to note the volume difference between this current rally and the previous days of selling. Seems like social media-based crowds are trying to make quick profits on low price stocks, and there is no institutional participation.
I bought swing puts with price over 128. Again will give this time. Check the 30m charts and XBI (linked) as well. Both took a sharp fall this morning and I am looking for both to move lower.
评论:
Give it time... I bought puts on 10 Feb and sold the next day. Now I have bought puts again for more selling, using 19 Mar expiry.
