Wednesday, June 23, 2010

Sell TLT strangle

Sell TLT strangle via selling the TLT Aug 90 puts and the TBT Aug 30 puts TLT@98.8. Effectively betting on a trading range for TLT until August. On prior strangles, I put the trades on separately, these trades were done at the bid a minute apart. I already am short a July strangle on TLT, short TLT Jul 90, TBT Jul 31 puts, again betting on a trading range for TLT.

Long BRKB, GLD, SDS, SPY, TBT, TLT
SDS/SPY = short strangle on SPY
TBT/TLT = short strangle on TLT

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