The chimps who manage your hard-earned dollars must have decided back in August that they would hold this overvalued gas-bag aloft rather than subject it to a bear market. It has been marking time ever since, albeit with gratuitous swings in either direction, presumably to avoid getting cramps. From a technical standpoint, IWM would actually generate a ‘mechanical’ buy signal if it were to plummet to the green line (215.45).  Ordinarily I would rate this trade only a ‘5.7’ or so on a 1-10 scale of desirability. But because a more serious breakdown seems unlikely, I am recommending the trade anyway, albeit for a ride merely to p=222.99.  Alternatively, IWM would become a fetching short at D=237.72 if it ever gets there. ______ UPDATE (Jul 8, 11:20 p.m. ET): The trade could actually trigger, so stay alert if you’ve been waiting.  Here’s the chart, and I am recommending buying not options,  but as many shares as you can afford up to 400.