Buy TLT via selling Jun 85 puts TLT @92.6. I am buying the bond rally. As I mentioned before May/Jun are two of the best months for bond seasonality. I am already short TLT May 86 puts. I also sell Jun TBT 33 puts with TBT @36.7 to make the position equivalent to a short strangle on TLT or a bet that bonds stay in a range.
Long EEM, GDX, GLD, IWM, SPY, TBT/TLT
TBT/TLT = short strangle on TLT
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