Options Market Foresees Long-Term Treasury ETF Uptrend Through October

iShares 20+ Year Treasury Bond ETF TLT traded higher during Wednesday’s trading session ahead of the Jackson Hole Symposium.

On CNBC’s "Options Action,"  Kevin Kelly of Kelly Intelligence said the TLT Long-Term Treasury ETF had about 1.72 times the amount of calls traded versus puts.

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There were buyers of 18,935 of the October 98-calls at an average price of $1.64 per contract, Lelly mentioned.

Traders see the TLT Long-Term Treasury ETF moving higher through October expiration.

Price Action: iShares 20+ Year Treasury Bond ETF gained 2.5% to close at 95.54 on Wednesday, but was down 0.5% in Thursday’s pre-market trading session.

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