Jeff Gundlach says investors can get rich off interest rate volatility ahead

Bond titan Jeffrey Gundlach isn’t sure which way bond yields are headed, but he does see a good bet that they’ll move a lot.

Investors can express the bet through both put and call options at the same strike, or sale, price. Puts give investors the ability to sell, while calls provide the chance to buy.

He recommended using the iShares 20+ Year Treasury Bond ETF [TLT] as a way to execute the trade.

“I think this is an extremely compelling time to do this trade and an extremely important environment where outcomes are so binary,” he said.