Dan Nathan Sees Unusual Options Activity In iShares Russell 2000 Index (ETF)

, Dan Nathan spoke about a high options volume in

. The options trading volume in the ETF was 3 times higher than the average daily options volume and the largest trade was a sale to close 40,000 contracts of the April 103/93 put spread for $0.61. Nathan explained that a trader closed a bearish position or removed a hedge. He added that he has a bearish view on

and he is going to change his opinion only if he sees a break out above $110.