Buy TLT via selling Nov 96 puts TLT@111.7
I used a limit order and it went through early today. My posting of trades may be delayed and sporadic for a while, but I will keep posting when time permits. I remain bullish on bonds for a bit longer.
I don't have any great insights on the markets. I am glad I am long SPY delta, and short theta, the bearish stock market bets have been demolished during this rally. SPY 125 may provide some upside resistance. GLD looks it wants to continue to drift lower, which is fine with me as long as support levels hold. Max profit for me is GLD 154 at Oct expiration.
Long GLD, PFF, SPY, TLT
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