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Carter Worth And Mike Khouw's TLT Trade

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Carter Worth spoke on CNBC's "Options Action" about iShares Barclays 20+ Year Treasury Bond (NASDAQ: TLT). He noticed on the chart that the stock has completed its inverse head and shoulders pattern and its bullish cup and handle pattern and he expects to see a pullback.

Mike Khouw suggested a purchase of the August 130 puts for $2 as a way to make a bearish bet. The trade breaks even at $128 or 2.9 percent lower.

Posted-In: Carter Worth CNBC Mike Khouw Options ActionOptions Markets Media ETFs

 

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