buying $TLT 118 weekly calls at .72-.78 OVERSIZED, this position is meant to be a hedge on the long TBT stock position and also the rest of the bullish market positions

/b buying $TLT 118 weekly calls at .72-.78 OVERSIZED, this position is meant to be a hedge on the long TBT stock position and also the rest of the bullish market positions. bonds are showing a lot of strength while the rest of the markets are not falling sharply, so this bullish bond position can help hedge against a snap fall since bonds would today most likely lead it. The bond volume spiked into the bond close was strong but larger multi week picture I remain very bearish bonds thats why wil not lock in the profits on TBT yet but rather hedge it with another calls position that we can turn into a debit spread overnight by shorting 119 calls.

Posted in General Trading