There has been a rather substantial move since the first mention of this, as TLT has now fallen over 8% in the past seven trading sessions from its recent highs. [Treasury ETF Ends Losing Streak]
This said, we witnessed some profit taking on Wednesday in TBT calls, as investors that purchased them before the recent move closed out some positions. [Bearish Bets Against Treasury ETFs]
Finally, Asian based equity ETFs were fairly active yesterday from an options standpoint as well, as there was consistent call buying in November and December upside calls in iShares MSCI Japan (NYSEArca: EWJ), iShares MSCI Hong Kong (NYSEArca: EWH) and iShares MSCI Malaysia (NYSEArca: EWM). Interestingly, all three ETFs are approaching a pivot level near their 50 day moving averages, so it is possible that the call buyers are looking for a breakout.
iShares MSCI Japan
Chart source: StockCharts.com.
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