In my video, I think I mentioned I had acquired a long position in puts on bonds by way of symbol TLT. I haven’t touched bonds in a coon’s age (as we say in my home state), but the run-up in prices was something I found to be irresistible. Unlike my other options positions, which expire many months from now, I got aggressive with this trade, acquiring January puts.
This chart of the long-term continuous contract of /ZB shows the fascinating trio of tops, followed by the massive and historic breakdown over the past year. In my view, the surge is at, or close to, an end.
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