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Go Long On TBT!

|Includes:TBT, iShares 20+ Year Treasury Bond ETF (TLT)

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