Home › Forums › Income Trades › Reverting Fly in TLT › Reply To: Reverting Fly in TLT
October 17, 2014 at 1:44 pm
#2111
Steven Place
Keymaster
TLT pulled back and vol dropped hard.
The trade is sitting at 17.6% return on risk after a 3 day hold, so you’ve gotta take profits here.
BUY TO CLOSE 118/113 put spread @ 1.15
SELL TO CLOSE 123/128 put spread @ 3.85
If you don’t get filled today it’s not a huge deal but would be nice to bail on this headed into the weekend
Look to reenter the trade if we see parabolic movement again.