IWM- Russel 2000 ETF Iron Condor

23 apr 2020

I think at the end of the day this is going to up with in the next two weeks from its current level. Some are calling for small caps to underperform. So I will either play an Iron Condor for a credit within this range or I feel like we can trade a bull put spread or a bear call spread above or below the floor and ceiling levels I have shown and be relatively safe. Unemployment claims are dropping and work at home orders are lifting starting next week for small businesses. Over the month time buying a Naked call at least 3 months out could be advantageous but more risky. I like this consolidation phase.