Truth be told, TLT doesn't really meet my premium selling criteria here: its implied vol rank is 28 over the past 52 weeks, 40 over the past six months, 67 over the past 60 days, and 50 over the past 30. Its implied volatility is under 14. In sum, it's not a good premium selling play. Nevertheless, my tendency is to always have a bit of treasuries on, since they enjoy a somewhat inverse relationship to the broader indices, provide bit of balance to broader index movement, and don't suffer from nearly the degree of vol skew the broader index ETF's do ... .
March 11th 119/121.5/132.5/135
Probability of Profit %: 70%
Max Profit: .62/$62/contract
Buying Power Effect: $188/contract
Break Evens: 120.88/133.12
March 11th 119/121.5/132.5/135
Probability of Profit %: 70%
Max Profit: .62/$62/contract
Buying Power Effect: $188/contract
Break Evens: 120.88/133.12
Comment:
Cancelling. I like the GLD trade better (described above), given its max profit/buying power metrics ... .