Why We Switched IWM Puts
This week, we placed another trade from our interest rate model that trades iShares Russell 2000 ETF (NYSE: IWM). We switched from one IWM put option to another on Wednesday. Our IWM November 3, 2023 $172.50 put showed a large triple-digit gain. Taking that gain and moving to another, less expensive option locked in at least a portion of that gain.
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