Monday, October 25, 2010

Buy TBT (sell puts)

Buy TBT via selling Nov 30 puts, TBT@ 33.2. Strong support at the lows around 30. I am already short TLT Nov 94 puts, so this makes the overall bond position a short strangle.

Long AAPL, BRKB, GDX, GLD, SPY
TBT/TLT equivalent to short strangle

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