The Dow Jones Transport ETF (IYT), an exchange-traded fund that tracks the price action of the Dow Jones Transportation Average, hit a 52-week low of $44.08 after the Dow Jones Transports slid to their worst levels since July 2003 Friday morning. The ETF has since rebounded and is unchanged at $45.34. One options strategist appears to be looking for additional upside over the next few weeks and bought two blocks of 2500 (5000 total) March 50 calls for 50 and 55 cents in morning trading.