$IWM, the ETF tracking the Russell 2000 index, has experienced a decline for five consecutive days as of October 24, 2024. The last time it recorded six straight down days was late last year. Despite this downturn, there was a bounce off the 50-day moving average, which has historically indicated potential for a significant rebound the following day. Additionally, a notable stock replacement strategy was observed, with 12,500 December $206 puts sold to open at a price of $3.28 to $3.29, generating approximately $4.1 million. However, on the same day, $IWM fluctuated from green to red, indicating ongoing volatility in the market.