IWM Going into this week there were standing instructions in both Blue Line PRO and Blue line Premium Trading Services to, "start accumulating IWM puts on break below 200." In light of IWM breaking below 200.00 both yesterday and today, we are long the IWM July 19th $195P in the PRO Service and long the IWM Sep 20th $190P in the Premium Service. Aggressive PRO members could and probably should be long both positions. This daily chart of IWM shows price dropping into a gray zone which is bounded by key levels on top and bottom. Any follow-through decline below the bottom of this zone is our cue to add-on additional puts. Conversely, if price were to recover and rise above the upper boundary, approximately 201-202, the immediate bearish case will be called into question. Maintain a stop at -50% on all IWM puts, and/or a rise above IWM 202. DJI Another Key Level to watch: 1,000 points below. NNVC Aggressive Traders Only: Buy NNVC Sep 20th $2.50C: Currently trading at bid 0.90 ask 1.20 - that's huge spread, consider limit orders mid-way between bid and ask. On NNVC breakout above 3.60: Buy more. This stock is being bid...with volume. 50% Trailing Stop
