Yesterday I talked about the TLT trade going short the TBT. A reader asked me why not just go long the TLT? Well the TBT is 2x the movement of the TLT and there is not 2x long the TLT…that I know of. So I sold a vertical put spread (options) which means I have a define risk and reward.

Yesterday I also went long the SDS which went up +9.2. I expect this to continue up to the 88-97 price point which means the overall market will head down.