Closed IWM Strangle

Late in the day on Friday I closed my IWM trade. I took a small 2% profit on that trade, I decided that I didn’t want to trade both IWM and RUT with basically the same strategy. I want to diversify my strategies especially if they are on the same vehicle or in the same sector.

This next week will be very interesting due to the triple witching on Friday. I always notice the Monday after triple witching can have a big move in either direction as well.

Markets and SPX I think are starting to form a range bound pattern that I think will last through the summer.  I will be putting a few trades on next week including my SPX butterfly. Have a great weekend.

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