Friday, November 11, 2011

Buy TBT (sell puts)

Buy TBT (2x inverse bond ETF) via selling Dec 18 puts. With the news background, U.S. bonds are getting a bump up. TBT 18 marks about the top of the bond market rally, though there is the decay in the 2x inverse fund.

I don't have much insight on the stock market smash on Wednesday. Obviously, my most recent sale of SPY puts were at a bad time. Sell a lot of puts, like I do, and it happens. Hopefully, not that often, though.

Long BRKB, SPY, TBT, TLT

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