Interim Update – New Buy

Interim Update – New Buy

The Founders Group just took a 2.5% position in the IWM Russell 200 Small Company Index ETF. We used the 17 December calls with the $240 strike price. This represents half of our target position. We will look to add the other half at the close if all goes to plan. We will use 239.50 as a stop, and the initial target is the recent high at 244.50. We will see how it behaves there.

AF Thornton

Website: https://tradingarchimedes.com

A.F. "Arthur" Thornton is an expert in logic, risk/reward quantification, market fractals, pattern recognition and asset class behavioral analysis with 34 years devoted to developing algorithmic and quantitative trading systems. In addition to trading his own capital, Mr. Thornton designs custom algorithmic and quantitative trading systems for a small and exclusive group of exceptionally qualified traders.

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