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Options Action: TLT

Is the bond market telling us something that stock investors don’t want to hear? Scot Nations of Nationshares put his ear to the ground for this options trade!

He suggests selling a covered call in the TLT . Specifically he suggests selling the TLT Aug. 101 call for 1.75 against a long position in the stock.

How Scott’s Trade Makes Money
Profits up to 102.75
Protected down to 99.25
Losses above 102.75, below 99.25

Learn more about this trade. Watch the video now!




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Trader disclosure: On June 29, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Adami owns (AGU), (BTU), (NUE), (C), (GS), (INTC), (MSFT); Adami’s wife works at Merck; Pete Najarian owns (MRVL), short calls; Pete Najarian owns (HPQ), short calls; Pete Najarian owns (MRVL), short calls; Pete Najarian owns (CMC) a call spread; Pete Najarian owns (TCK), short calls; Pete Najarian owns (AMD) calls; Pete Najarian owns (LLC) a call spread; Pete Najarian owns (C) calls; Pete Najarian owns (BAC); Pete Najarian owns (BBY) a call spread

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Scott Nations
***NO DISCLOSURES***


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