NEW DIRECTIONAL CALL PLAYS
Russell 2000 ETF - IWM - close: 111.53 change: -0.30
Stop Loss: 109.95
Current Option Gain/Loss: Unopened
Time Frame: exit prior to January option expiration
New Positions: Yes, see below
Why We Like It:
The IWM is the iShares ETF that tracks the small cap Russell 2000 index. The long-term trend for the IWM is up and this four-day pullback looks like a buy-the-dip entry point especially with today's intraday bounce.
Today's high was $112.42. I am suggesting a trigger to buy calls at $112.55. If triggered our multi-week target is $116.00.
Trigger @ 112.55
- Suggested Positions -
Buy the 2014 Jan $112 call (IWM1418a112) current ask $2.12
Entry on December -- at $---.--
Average Daily Volume = 40.6 million
Listed on December 04, 2013