Novice Trade: TLT

The iShares 20+ Year Treasury Bond ETF (TLT) is soft Monday after getting jacked up the last few days over all the talk of a government shutdown (that won't happen). I believe at near $127.00, the ETF is set for some sort of turnaround back toward its 50-day moving average around the $125 level.

I can buy the October 126 puts for about $1.70. I expect over the next few weeks to see a bid in the puts and selling in the ETF, and be able to flip out of the puts for at least $2.50....8 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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