IWM 53P debit: 2.88,2.94,2.75,2.77 CLOSED with high %gain

7/8

I did pretty well with the puts. I scaled out of the puts.

Entry/Exit/% gain
2.77/4/44%
2.75/5.5/100%
2.94/4/36%
2.88/5.05/75%
2.88/5.5/90.97

7/2

The unemployment numbers came in at 9.5% with one of the number 100K higher than anticipated. Seeing the IWM pulback almost 4% I exited some of the puts for $4.00.

I think that we have some more to pullback and will exit the rest near the pivot support levels.

The pivots is a good way to guage how far the IWM will far. For example on Thursday the S1 level was at 500 for the Russell futures and the IWM hit 50 during the day.

7/1

I bought several IWM 53P August for: 2.75,2.77,2.88,2.94