IWO (Ishares Russell 2000 Growth ETF) holds 1200+ different smallcap growth companies. Nearly all of these companies have either sky high or negative P/E hence IWO's P/E is -1300!

Since these companies are not profitable they rely on borrowed money & cash reserves to cover costs; making them very vulnerable to rate hikes by the fed & economic downturns/uncertainty.

IWO was able to balloon off of JPow's free money which means IWO has extremely far to fall now that the market is back on hard mode.

During the March 2020 panic IWO fell from a high of 226 to a low of 129! Indicating investors view IWO as a risky ETF. Since reaching its ATH of 339 during Feb 2021 IWO has fallen today to 260 (its new 52 week low)!

https://preview.redd.it/nekvylfqthc81.png?width=734&format=png&auto=webp&s=de5a1d74079804ea54fe89663962b694c0bf7f63

Open interest is starting to reflect concerns over IWO with a 2:1 ratio of Puts:Calls for Jan-May 2022. Interestingly, someone bought 2000 $235 puts on IWO expiring Jan 2023 while only 34 calls Jan 2023 have been purchased.

Morningstar also rated IWO 2/5 stars in 2020 & 2021 if you care about that sort of thing. https://research2.fidelity.com/fidelity/research/reports/getReport.asp?docKey=1515-USA_IWO

The IWM ETF which contains the entire Russell 2000 also has a lot of open interest in puts.

This is not financial advice! I'm currently holding approx. $14k in IWO puts expiring May-Dec and another $6k in IWM puts expiring June-Dec.

TL;DR IWO (& IWM) puts expiring March 2022-Jan 2023 b/c smallcaps r vulnerable to Fed rising rates & any sort of economic downturn; and smallcap growth stocks r extra vulnerable. Strong potential for a 200-1,000% return on these puts.

Michael Burry also bought *$42 Million* worth of IWO puts a few months ago: https://acquirersmultiple.com/2021/05/michael-burrys-top-10-holdings-q1-2021/

A LOT EASIER TO READ

https://forum.enlisted.net/t/how-i-would-put-levels-for-okinawa-or-iwo-jima-pacific-up-to-lvl27/34351

Axis

Lvl1

Starter rifle: Type 38

Other rifles: Type 99 Arisaka

Sniper squad: Type 97 Arisaka (Sniper rifle)

Tanker squad: Type 95 Ha-Go (Heavily camouflaged)

Pistol: Type 94 8mm Nambu pistol

Lvl2

Assaulter squad: C96 machinepistol

Lvl3 Engineer squad: Type 38 carbine (+ unlocked Type 99 mine)

Lvl4 Fighter pilot: Mitsubishi A6M Zero. ( 2x 59kg bombs)

Lvl5 C96 Trench. (With a long barrel and stock)

Lvl6 Radio operator: Type 2 TERA rifle (+ unlocked Type 14 8mm Nambu pistol)

Lvl7 Attacker pilot: Mitsubishi KI51 (With 200kg bombs)


Lvl8 Type 89 Chi-Ro medium tank (57mm gun 2x machine guns) (Heavily camouflaged)


Lvl9 Flamethrower squad: Type 93 flamethrower


Lvl10 Gunner squad: Type 11 LMG


Lvl11 Assaulter II: Type 100 SMG


Lvl12 Bomber: Lung mine


Lvl13 Sniper II: Type 99 Arisaka (Sniper rifle)


Lvl14 Mortar squad: Type 11 70mm mortar


Lvl15 Fighter pilot II: Nakajima Ki 43 IIa “Oscar” (4x 59kg bombs) OR Mitsubishi A6M Zero with 250kg bomb and loaded with explosives. ( Designed to kamikaze)


Or A6M zero


Kamikaze attacking the USS enterprise 1945

LVL16 Trooper II. Type 99 Arisaka with Type 100 grenade launcher


Lvl17 Type 97 Chi-Ha medium tank (Heavily camouflaged)


Lvl18 Type 96 LMG


Lvl19 Engineer II: Last ditch Type 99 Arisaka. (Ability to build Type 92 Heavy machinegun)

Early vs Late war Arisaka


Lv

Just watched the two Eastwood companion pieces back to back. One is really good and then the other one is so good that it makes the other one look weak in comparison. Letters is just incredible, something where you can see it's Eastwood's work and something that only he could make, but it also feels like much more beyond that, and that is not meant as a malice to his other movies. Not really something I can put to words myself, which is exactly why a Clint series is needed! If not all of it then at least one starting from Unforgiven!

Stay safe out there

Hey gang, I hope everyone is staying safe out there and taking care of your physical and mental health.

Chat preferred over PM, all sigma verified

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Gold

$725 - 1997-W ¼ ozt AGE PF70 UCAM

Palladium

$900 $875 Shipped - PAMP 10 gram Palladium bar – No assay, sigma verified.

Goldbacks– Be a Physical Gold owner for <$5!

ONES- **(**7 Nevada, 23 New Hampshire, 15 Utah)

1/1000 ozt gold in a gorgeous artistic bill form

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10-49 FV - $3.80/FV

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100+ - $3.60/FV

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TENS – (1 Nevada, 1 New Hampshire, 1 Utah)

(RISKY Ship available for up to 10 for $1 in plain white envelope) ⚠️⚠️⚠️

$320 SOLD- Complete Nevada Set (50, 25, 10, 5, 1) – Comes to $3.52/FV

$320 SOLD- Complete New Hampshire Set (50, 25, 10, 5, 1) – Comes to $3.52/FV

Check feedback, I pride myself on my risking shipping. Goldbacks go into a bank envelope, then a hard plastic currency sleeve, then wrapped in paper, then $.78 of postage so that it doesn’t go through automated sorted machines.

If you aren’t familiar with goldbacks, you can read about them here. TL;DR – they are meant to be a useful gold fractional that can used as voluntary currency.

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Always, happy to use a middle man. In venmo, just start typing venmo and the dang emoji appears. Chat strongly preferred over DM’s

Insurance available through Registered Mail only, I will provide quote. Everything is packed securely and discretely.

I’ll ship anywhere in the world you want as long as you pay for it. International must be less than $10,000 and I won’t falsify any customs forms.

Return policy – If you’re not completely happy, mail it back to me within 72 hours at your cost. When I get it back in the same condition I sent it, then I’ll refund your entire payment, usually via the same way you paid me. (Excluding goldbacks and constitutional)

SOLD ITEMS

Trade Dollars

All are cleaned

$65 - 1904 French Indochina Piastre de Commerce

$100 – ~~1897 British Trade Dollar (Semi-key due to missing “B” mintmark)~