Friday, July 23, 2010

Short Strangle on TLT (TLT/TBT)

Sell a strangle on TLT via selling TLT Sep 93 puts and TBT Sep 30 puts. I am skewing to the bullish side TLT@100.7. Sep to Dec is a seasonally good time for bonds.

Earnings season used to be a time when I did a lot of trading, but as readers can tell, I am mostly trading the options on ETFs now.

The stock market rally has pushed me to a net short position on SPY.

Long BRKB, GLD, SPY*, TLT*
SPY offset by SDS, net short SPY
TLT offset by TBT, net long TLT

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