Steve Sosnick's Russell 2000 ETF Trade

Steve Sosnick of Interactive Brokers shared with the viewers of Bloomberg Markets an options trading idea in iShares Russell 2000 Index (ETF) IWM.

He thinks the small-cap stocks could be hurt the most, if there is a pull back ahead for stocks. To make money on a potential move lower, Sosnick wants to buy the June 134 put for $1.15. The trade breaks even at $132.85 or 3.90 percent lower.