Interest rates keep falling sharply worldwide as monetary easing is the central bank policy du jour. :
Let’s hedge our TLT Sep $137 puts by selling some August $137 puts to bring in some premium and at least lower our cost while awaiting a pullback.
ACTION
Sell to open TLT August $137 puts @ .17
These expire 8/16/2019
We still have four additional weeks to bring in premium after August 16 expiration