Income Calendars in TLT

[Steven Place]

Strictly speaking, TLT is putting in a parabolic short pattern…

It is gapping above its 2nd std dev bollinger band.

With that in mind, I’m ok with deploying an income trade that’s a little more aggressively biased.

Buy to open TLT Jun/Jul 113 Put Calendar at 0.66

Add at 115.50 or 111.50

[Steven Place]

We’re close enough to our upper adjustment point to add to the trade.

Buy to open TLT Jun/Jul 115 Call Calendars for .40

[Steven Place]

There’s 4 days left in the trade and it’s on the “gamma knife edge” so either close out the trade for profits or set a stop… if TLT loses 112 you need to exit.

[Author]

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