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NaughtyPines
Apr 24, 2018 7:24 PM

OPENING: TLT SEPT 21ST 113 LONG/JUNE 15TH 117 SHORT PUT DIAGONAL Long

iShares 20+ Year Treasury Bond ETFNASDAQ

Description

... for a .07/contract credit.

Taking a directional shot here at long-term horizontal support, with some flexibility to roll the short put aspect down in the event I'm wrong.

Notes: Will roll the short put aspect "as is" on 50% decrease in value and look to exit for 20% the width of the spread in profit.

Trade closed manually

Taking this off for a small winner on this FOMC-related up move -- covering for a .13/contract debit/.20 profit per contract.
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