IWM - 3 nice trades in a row on both puts and calls

CS_Tradess
06-27

We had a really great day trading $iShares Russell 2000 ETF(IWM)$ today! 3 nice trades in a row on both puts and calls.

Here’s some key takeaways from todays price action that might help👇

• The previous day low - Anytime price opens below that level, watch it as the main area of resistance for the day! I like to watch puts on the retests for some great opportunities to bank!

• Multiple confirmations! Rising wedge into supply = Multiple confirmations for puts. Bull Flag on the break of resistance = Multiple confirmations for calls. And of course the 2 minute strategy adds confirmation on both.

• Once a level gets tested multiple times, keep that break on watch! We went over my favorite breakout scenario last week. And this 3rd trade was that exact setup.

Here’s the complete breakdown on these moves today. Hope it helps ⬇️

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Took 3 trades today with team ⬇️

$iShares Russell 2000 ETF(IWM)$ puts +60% ✅

$iShares Russell 2000 ETF(IWM)$ puts round 2 +50% ✅

$iShares Russell 2000 ETF(IWM)$ calls +150% ✅

All 3 trades were taken using the same key level / zone as our guide 🎯

Who wants a chart recap showing exactly how we nailed these entries?

https://x.com/cs_tradess/status/1806085838578778309

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