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CDX vs VIX and TLT Option Play

Brian Stutland, contributor to CNBC's Options Action shown on Fridays, talks about the strong correlation between CDX (insurance premium on corporate bond) vs VIX on "Fast Money Final Call", he thinks the better borrowing and lending conditions coming forwards as implied by the correlation.
CDX vs VIX

Brian also suggests a TLT collar play ahead of the Fed meeting. With TLT around 100, Brian recommends to sell the Aug 102 call for 0.30 and buy the Aug 98 put for 0.35 to protect the bond portfolio.
TLT Play

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