TLT (or its inverse, TBT) is one of my bread and butter trades, and I have a trade on in it virtually continously, or so it seems. As with the index trades, I like to put one TLT trade on each week (I frankly prefer it to TBT, since it is a little "juicier" in terms of credit received), ideally as close to 45 DTE as possible.
Although I do have an iron condor on in TLT at the moment (the result of a roll of a previous iron condor when the call side was breached), I am looking to add another position should volatility resurface.
Unfortunately, it still isn't there. Current IVR is at 17, too low for my tastes (I generally like to see 35+).