Opening (IRA): TLT Dec/Jan 77/75 Short PutsComments: Targeting the strikes paying around 1% of the strike price in credit at strikes better than what I currently have on. The basic bet here: that interest rates decline ... at some point.
(And, yes, it's been a somewhat painful trade so far ... ).
December 15th 77: .85 credit
January 19th 75: .84 credit