Options Trading News

August 28, 2013  Wed 2:45 AM CT

A trader is looking for current levels to hold in the iShares 20+ Year Treasury Bond Fund.

optionMONSTER systems detected the sale of 5,500 December 105 puts in one print for the bid price of $3.70 yesterday. The volume was well above the strike's previous open interest of 3,992 contracts, so it is clearly a new position

The put seller is looking for the TLT to remain above $105 through expiration in mid-December. The also trader takes on the risk of having to buy shares if they are below that level. (See our Education section)

The TLT was up another 1.26 percent yesterday, closing at $106.13. The exchange-traded fund was above $129 going into the end of April but was down to $102.11 a week ago, its lowest level in two years.

Just shy of 80,000 TLT options traded yesterday, more than twice its daily average over the last month.
Share this article with your friends



The fastest money in the market
View full report »

Premium Services

Education & Strategy

The art of trading

As I stated in last week's article, a break out or a break down needs to have a couple things happen before it is considered a confirmed break out or break down. The only problem is that in today's market where things move much more quicker than they did just a few years ago, two days could wind up being the majority of the expected movement, if not the whole movement.

View more education articles »