Profit Alert (IWM) for 5/18/2017

3:45pm (EST)

I have a Profit Alert ahead of today’s close as the small-caps have recovered the 1,360 level again.


iShares Russell 2000 (IWM, $135.48, up $0.59)

IWM June 134 puts (IWM170616P00134000, $1.90, down $0.30)

Entry Price: $1.40 (5/2/2017)
Exit Target: $2.80 (closed half at $2.10 on 5/17/2017)
Return: 43%
Stop Target: $1.90 (Stop Limit)

Action: The Stop Limit at $1.90 has triggered on the other half of the trade on renewed strength with the puts tapping $1.77 this afternoon.