Take profits from TBT
On the heels of the FOMC decision not to raise interest rates we have decided to take profits from our ProShares UltraShort Lehman 20+ Yr(ETF) (NYSEARCA:TBT) position. The suggested sell price was approximately $46.55 resulting in a net profit of about 7.6%. The trade was initiated near $43.
We will revisit this trade in the future if it is warranted and alert our clients to opportunities as we see them.