How Options Strategist Biggam Is Trading the iShares Russell 2000 ETF

The video discusses recent market volatility, focusing on the impact of tariffs and technical levels like the S&P 500's 2800 mark. It highlights the importance of upcoming earnings in light of reduced tailwinds such as stock buybacks and oil prices. The discussion shifts to small caps, particularly the IWM ETF, as a tariff proxy, noting their recent outperformance. The video concludes with an investment strategy involving a put diagonal spread, aiming to capitalize on market conditions.

What is the expected performance of small caps in relation to tariffs as discussed in the text?

Describe the put diagonal spread strategy mentioned in the text.