The Best of Kass
Here's how I'm positioned on my bond trade.
Apparently a lot of subscribers don't understand my small short bond position.
Let me explain.
I am short ProShares UltraShort 20+ Year Treasury (TBT) common, but against it, I am short more TBT puts. This creates a net delta equivalent long TBT position.
What I am doing is taking in premium on my TBT put shorts -- that's equivalent to a long TBT position -- against the TBT common short.
At the time of publication, Kass was short TBT common and puts.