Andrew Keene's TLT Options Trade

On CNBC's Trading Nation, Andrew Keene of AlphaShark spoke about a bearish options strategy in iShares Barclays 20+ Yr Treas.Bond (ETF) TLT.

Keene thinks there are going to be more interest rate hikes in 2017 and he wants to buy the March 114/110 put spread in iShares Barclays 20+ Yr Treas.Bond (ETF) to make a bearish bet. The put spread would cost him $1 and it breaks even at $113. It can maximally make a profit of $3, if the stock trades to $110 at the March expiration.