Buy TLT & Sell TBT!.... but in terms of options, I prefer to buy TBT puts, since they are more liquid and this sucker loses value anyway!!! images.investorshub.advfn.com/images/uploads/2010/12/16/wdbqgTLT.GIF images.investorshub.advfn.com/images/uploads/2010/12/16/hsxdhTBT.GIF