Options Insight: How to Play the iShares Russell 2000 ETF

The video discusses the shift in market sentiment towards a bullish outlook following the Trump election rally, with major indices like the Russell 2000 and Dow showing significant gains. Despite this, there are concerns about a potential market pullback due to underlying weaknesses in secondary markets and transportation averages. The video also analyzes the Russell 2000, highlighting key support and resistance levels, and presents an options strategy using a put spread to manage risk and protect against potential declines.

What is the significance of the 135 level in relation to the Russell index?

Describe the protective trade strategy mentioned for the March options.