TLT Long-Term Treasury ETF Moving Lower Through October Expiration, Options Trader Says
Portfolio Pulse from Lisa Levin
iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) fell sharply after Fitch downgraded the long-term credit rating of the U.S. Traders expect TLT to trade lower through October expiration. There was a buyer of 2,400 of the October 94-puts at an average price of $2.78 per contract.
August 04, 2023 | 3:21 pm
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TLT fell sharply after Fitch's U.S. credit downgrade. Traders expect it to trade lower through October.
The downgrade of the U.S. credit rating by Fitch has negatively impacted the iShares 20+ Year Treasury Bond ETF (TLT). This is reflected in the increased trading volume and the purchase of put options, indicating an expectation of a further decrease in price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100