FYI: Jeffrey Gundlach is satisfied with the pitch he gave at the New York Sohn Investment Conference last month. Now, he’s advising investors to take profits and close out the trade.
In early May, the co-founder and chief investment officer of DoubleLine Capital LP said interest-rate volatility could not possibly remain as low as it’s been the past eight years. To turn a profit, he recommended investors employ a put-call straddle on the iShares 20+ Year Treasury Bond ETF, known by its ticker TLT. In a tweet late Wednesday, he said it’s time to cash out.
Regards,
Ted
https://www.fa-mag.com/news/gundlach-recommends-closing-trade-that-returned-22--in-a-month-45300.html?print
