Treasury fund levels seen holding

optionMONSTER

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.


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