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smilytmm
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  • Go Long On TBT! 0 comments
    Nov 10, 2013 12:35 PM | about stocks: TLT, TBT

    The jobs number was a surprise. I expected it to be lower than expectation.

    This gave me a pause. I don't see Fed tapering soon but market's expectation that rate increase is coming had increased.

    The TLT is breaking down below its support of $104 too.

    The IV on TBT did not spike either. With this I am now shorting TLT and look to sell naked put on TBT if IV picks up.

    Disclosure: I am short TLT.

    Stocks: TLT, TBT
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