Buy TLT via selling Jun 84 puts, TLT @89.84
Stock market lower, gold lower, bonds higher. My lone TLT position expires today. I sell the June puts to stay in. The GLD puts I sold the other day are down 50% on the notional value. I may double up, if GLD falls to 104. I am long SPY via being short May 96 puts, so they are way, way out of the money at the moment. If the stock market selling squall continues, as I think it will, another 3% to 5% down may be a decent entry for more short puts.
Some might think that the Goldman news came out on option expiration day for maximum impact on short term traders.
Long GLD, SPY, TLT
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