Shares of the iShares Russell 2000 index (IWM) are up .68 today to 111.87. ?IWM is near the middle of the 52 week range.

Today paper traded 10000 IWM Aug/Dec put spreads for 4.53. ?The ADV is 700k contracts.? The OI is 100k+ in Aug and 14834 in Dec.

The volume went up in 2 blocks.? The trade went up marked buywrite which is usually tied to stock.? The trade is looking to finance some protection but get long at the same time.

30-day implied volatility is 19%.?? 10-day implied volatility is 14%.? 30 day implied volatility is trading above the 10 realized volatility

Shares Russell 2000 ETF (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield of the Russell 2000.