The iShares Russell 2000 ETF (IWM) has been a great trade for us in recent months, and I like the way it is again setting up. It had a good move off the market bottom but has since bounced around since early November. However, IWM traded above its early September high this morning, which tells me that there is more upside to come. With the ETF looking ready to make another move higher, let’s buy to open IWM December $116 calls (exp. 12/20) at $2.75 or less. This is an aggressive trade.