Max Loss on Setup: $422
Max Profit on Setup: $178
Break Even Versus Spot: 35.22 versus 35.37
Debit Paid to Spread Width Ratio: 70.3%
Notes: Tomorrow's the last day on which 2018 tax losses can be realized, so I can foresee some additional, last minute dumpage, followed by the Big Dicks buying the dip on Wednesday to position long anew on this weakness. I would ordinarily position straight up short in TLT , but want the mark left to be as small as possible in the event I'm dead ass wrong, and we continue in risk off mode (which will send TLT higher/ TBT lower). I would note that the markets in the back month show somewhat wide at the moment, so the setup may require some fiddling at NY open either with the strikes or the fill price ... .