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.