Initial short position taken on yesterday's close below 195. Waiting further decline for adding to puts. See Wednesday's update for details. IWM Daily For the next few trading sessions the 185-195 price area is a sort of "no man's land," where initial position was taken on the close below 195 on Wednesday and full position to be taken at or just before a breakdown below 185. It is that later break that will likely lead to a deeper dive across all stock indices. Option Table Notes Highlighted (shaded) row is recommended option position, but any option included in the table is well positioned to take advantage of the expected move in the underlying stock.
