IWM "A hard close below last week's low (191.30) makes the case for a precipitous drop toward the late October low (161.67)." Weekend Update 1.13.24 The Feb 16th $190P remains the best positioned option for a deep dive in the Russell 2000 ETF. This may be the last week for these Feb options for the best bang for the buck in terms of time and leverage. If the other indices start to follow there may be more better trade opportunities elsewhere, but for now, any strike between the IWM $190P and $185P looks attractive, especially on an IWM close below 191.30. DJI Note that the DOW is still 700 points above its key level breakdown, so its a little early to get too excited or too extended. That could change, quickly,
