IWM is declining straight for its Key Level support price level of 182.00. A close below should result in an acceleration down. IWM 120 Minute Trading Model The Oct 20th $185P has incurred a 50% drawdown from its best levels acheived on Aug 18th. For all who exited pursuant to this profit-taking stop, the IWM Oct 20th $180P looks attractive, especially if IWM breaks below $182.00. Attractive Oct 20th IWM Puts Note heavy volume in the $175 and $177 strikes. All three, $180P, $177P, $175P are attractive candidates on a breakdown below $182.00.
