This might now be an exciting play, but we really like the play with the struggles that the bond market is showing. We have bought some puts on this Treasury Bond ETF TLT. We entered around $118.58 and this is what we're seeing:
-Bond market is struggling overall as of late
-Weekly Squeeze has fired to the downside, which can cause large moves
-Volume has really increased over the last 4-5 trading days
-Overall weakness in the price movement
We are hoping to hold this anywhere from 2 days - a month depending on price action but we average a holding period of around 8 days on these swing trades. We will let the price action determine our exit point.
Just realized that I accidentally put bullish on this idea even though I bought puts (shown in my description) on this trade. Does anyone know if you can edit that? If not, oh well..looks like a good trade and we will continue to stay patient to ride this move lower.