Tuesday, August 16, 2011

Buy TLT (sell puts)

Buy TLT via selling Oct 92 puts with TLT@106.1

I open an October position on TLT. It is similar to the gold situation, as TLT has rallied my delta declines. TLT is overbought so I am selling way out of the money puts.

Long EWZ, GLD, PFF, SPY, TLT

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