IWM opened today @ 199.52, enough to trigger a new position in the Jul $195P, currently trading at 2.68-2.69. This new position of IWM puts will be added to upon two more triggers, first closing below 200, second, closing below 195. We are also building a longer-term short position in the S&P via Jan 2025 SH Call, currently trading @ $0.15. For the logic behind this trade see this public post from Sunday covering the contingency of waking up one morning, the world has changed, and our pants are down. IWM IWM Jul 19th $195P SH SH Jan 2025 $15C All calls above are buyable for this strategy, highlighted strike will be tracked. -------- NNVC -------- Still riding along under the radar (save mine) NNVC is attracting stealth buyers on virtually no news. Something is bound to change, either news to explain doubling in price in four weeks, or, rug gets pulled. Be ready for former, there are options this time.
