Carter Worth And Mike Khouw's iShares Russell 2000 Index ETF Trade

On CNBC's "Options Action", Carter Worth shared with the viewers his technical analysis of iShares Russell 2000 Index (ETF) IWM. He said the stock had a long period of consolidation and he believes it could break out on the upside. He thinks it would be a good idea to get a long position in the name.

Mike Khouw suggested an options strategy that would make money in case the stock moves higher. He wants to buy the September 143 call for $4. The trade breaks even at $147 or 3.81 percent above the current stock price.