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Home › Forums › Closed Trades › PB2MA in TLT
Setup: PB2MA
Price: 135
Description:
The treasury market definitely got ahead of itself over the past month. It went parabolic and has been gapping around like crazy.
We’re comning into the first support level around 138. I don’t think it will hold, and the early dip buyers will be punished. Once those early dip buyers start to get stopped out, that’s when I think we can play it to the long side using put spread sales.
Here’s the trade I like
Full Time Profits Order Ticket | ||||
Type | Asset | Duration | Strike | C/P |
---|---|---|---|---|
STO | TLT | Sep | 129 | Put |
BTO | TLT | Sep | 126 | Put |
Total Credit: | 0.5 |
That price won’t be available until we pull into 135.
Scale in at 0.20 increments. So inter at .50, add at .70, add at .90, and scale out at the previous prices.
We’re close on this one. I’ll enter into a position this Wednesday.
Ok here we go:
Full Time Profits Order Ticket | ||||
Type | Asset | Duration | Strike | C/P |
---|---|---|---|---|
STO | TLT | 21 Oct 16 | 130 | Put |
BTO | TLT | 21 Oct 16 | 127 | Put |
Total Credit: | 0.5 |
Taking profits on the trade and waiting for reentry on a pullback.
Full Time Profits Order Ticket | ||||
Type | Asset | Duration | Strike | C/P |
---|---|---|---|---|
BTC | TLT | 21 Oct 16 | 130 | Put |
STC | TLT | 21 Oct 16 | 127 | Put |
Total Debit: | 0.14 |
Taking profits on the trade and waiting for reentry on a pullback.
Full Time Profits Order Ticket | ||||
Type | Asset | Duration | Strike | C/P |
---|---|---|---|---|
BTC | TLT | 21 Oct 16 | 130 | Put |
STC | TLT | 21 Oct 16 | 127 | Put |
Total Debit: | 0.14 |