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Options Action: Bearish Bet on Small Caps

Wednesday, 11 Aug 2010 | 5:55 PM ET

For Wednesday's Options Action, Brian Stutland of CBOE Partners has a bearish bet on the small caps stocks of the iShares Russell 2000 Index .

***BRIAN'S IWM TRADE****
Buy Sep. 60 put at $2.15
Sell Sep. 55 put at $1.00
Net Pay is $1.15

Options Action
A check on the options to protect yourself with, with Brian Stutland, Stutland Equities.

With this trade, you can take profits above $55 and below $58.85. Losses occur above $58.85.

To learn more about this trade, watch the video now!

SLIDESHOW: Tomorrow's Trades: Capital Ideas Into Year's End



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Trader disclosure: On Aug 11, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Terranova owns (AKAM), (BAX), (FCX), (MOS), (PFE), (SU), (XBI); Terranova owns (GLD) Calls; Adami owns (AGU), (BTU),. (NUE), (C), (GS), (INTC), (MSFT); Adami’s wife works at Merck; Finerman and Finerman’s Firm owns (BAC); Finerman and Finerman’s Firm owns (JPM); Finerman & Finerman's firm owns (RIMM); Finerman owns (AAPL); Finerman's firm owns (ARM); Finerman’s firm owns (BBY); Finerman's firm owns (LEA); Finerman’s firm owns (KFT); Finerman’s firm owns (TSX); Finerman’s firm owns (GYMB); Finerman’s firm owns (PLCE); Finerman's firm owns (WMT); Finerman's firm owns (DAN); Finerman's firm is short (IJR); Finerman's firm is short (MDY); Finerman's firm is short (SPY); Finerman's firm is short (IWM); Finerman’s firm owns S&P 500 puts; Jon Najarian owns (AKAM) short calls

For Brian Kelly
Accounts managed by Kanundrum Capital own (C)
Accounts managed by Kanundrum Capital own (GLD)
Accounts managed by Kanundrum Capital own (SLV)
Accounts managed by Kanundrum Capital own (TLT)
Accounts managed by Kanundrum Capital own (ANDE)
Accounts managed by Kanundrum Capital own (UNG)
Accounts managed by Kanundrum Capital are short (IAI)

For Kaushik Roy
Wedbush Securities Is A Market Maker In (WDC), (STX)

For Dan Greenhaus
***No Disclosures***

For Brian Stutland
***No Disclosures***

  Price   Change %Change
IEV
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