IWM continues to lead the indices down and is once again suggesting a roll-over to yet lower strikes to maximize leverage. We already hold two different strikes on the October 20th expiration series, $185P and $175P, up 365% and 122%, respectively. No immediate action is needed, but the next two weeks open the door to roll into the November monthly expiration from our current Oct monthly expiration while taking some well earned profits along the way. Expiration Leverage Comparison Oct 20th Expiration Nov 17th Expiration Recommended Action Between now and October 20th, exit October $185 & $175 Puts, bank some profits and roll remainder into November 17th expiration ($165P to $160P) to gain additional 30 days and increased option leverage while building cash available for new trades as a third wave at multiple degrees of trend unfolds across all stock indices. IWM 240 Minute Trading Model Wave (3) 4th qtr target = < IWM 140
