iwm is down. i think up want to let the market breathe. we may open down ten handles, 2% i don't know. that's certainly something you don't want to press. the market will bounce. every bounce got bought of any magnitude of 3 to 5%. i'm not saying it will be the same this year. >> these are growth names. right now people aren't looking for growth names, they're looking for protection. in iwm, two puts traded for every call. the call volume was 2 times average. that might be what you expect. as mike points out, the options are relatively -- they're still fairly priced so you should be buying. >> got a question out there, send us a tweet at cnbc options. @cnbcoptions. scott has a great tip on managing a trade. in addition to scott you'll find educational material and trader blogs. here's what's coming up next. >>> who's buying all those ebay calls? >> i don't pay retail. >> maybe not, carl, but many people think it's you and we'll explain why. >>> why do traders wonder about apple's returns on monday? we'll tell you when "options action" retu

how about the russell 2,000 index, as represented by the ishares or the iwm. check out the monthly charts to start. the last year this index was in overbought territory on the williams percentage r oscillator. it, too, is embedded. meaning the fact it's run up enormously is no barrier to the rally continuing. the russell 2000 was only down for two months. this is incredible. plus, lang also notes the first quarter tends to be fabulous for the small-cap stocks you find in the russell 2000. in 7 of the last 8 years, this index has ralied hard during the first quarter. this could be a terrific time to buy right here, right now. let's zoom in on the daily chart to show you what i'm talking about. lang points out the russell 2000 has been trending higher in a beautiful channel and right now at the higher end. he thinks this index could pull back by 1% or 2% in the near future, dropping three points or so, that 50-day moving average at 111. now, every single dip in 2013, every one turned out to be a terrific buying opportunity. and lang thinks this year is no differ

how about the russell 2,000 index, as represented by the ishares or the iwm.harts to start. the last year this index was in overbought territory on the williams percentage r oscillator. it, too, is embedded. meaning the fact it's run up enormously is no barrier to the rally continuing. the russell 2000 was only down for two months. this is incredible. plus, lang also notes the first quarter tends to be fabulous for the small-cap stocks you find in the russell 2000. in 7 of the last 8 years, this index has rallied hard during the first quarter. this could be a terrific time to buy right here, right now. let's zoom in on the daily chart to show you what i'm talking about. lang points out the russell 2000 has been trending higher in a beautiful channel and right now at the higher end. he thinks this index could pull back by 1% or 2% in the near future, dropping three points or so, that 50-day moving average at 111. now, every single dip in 2013, every one turned out to be a terrific buying opportunity. and lang thinks this year is no different. no different for t