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Bond

$TLT . 110 PUT.

 

I believed TLT is overbought in the short term.

Looking at the parabolic rise and that it may break the support, I have a speculative Sept 110 PUT on TLT.

My bet is that it will break support within 1 week.

However, given the volatile market conditions and the bigger economic concerns from Europe, Libya etc, I am keeping a close watch on it with a tight stop lost in place.

Note: This is a speculative move on my part. There is no confirmation from the chart that TLT has turned bearish.