$IWM now seeing a large buyer of 17,000 October $220 calls at $4.43, adjusting the $211 calls higher that nailed this move, nice way to lock in gains and stay in the move for higher
$IWM now the best session since the December Fed reaction https://t.co/VMsIAL04A6
$IWM up nearly 3% , incredible day!
The Russell 2000 ETF (IWM) has shown significant gains, reaching $208 and experiencing a nearly 3% increase. The ETF is building on its gains, with a 2.3% rise, making it the best session since the December Fed reaction. Market participants are optimistic about further upside in August and September, with the ETF approaching the 210-212 resistance level. Additionally, a large buyer has purchased 17,000 October $220 calls at $4.43, indicating confidence in continued upward movement. The rotation for the rate cut play is also contributing to the ETF's performance. August 2nd call spreads from yesterday are up about 85%, and $200 calls from Tuesday are now hitting above $10.00.
