TLT. TILT. TBT. Thousands of options ….

Posted on Aug 19, 2010 by in Letters

We had no sooner spoken of perhaps buying puts on the bonds (TLT bond etf, TBT short bond etf) that the WSJ published a squibb yesterday that someone came into the options market and bought 30,000 calls on the TBT (effectively a put on the T bond.)

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