ThetaTrades

TLT Call Credit Spread

Short
ThetaTrades Updated   
NASDAQ:TLT   Ishares 20+ Year Treasury Bond ETF
149/152 call credit spread - Filled for 0.36 - >10% Return on Margin

I believe that the 20 years will continue downwards with rate hikes. As such I have setup this call spread to take advantage of the downward move. This position was opened on Jan 11th but I just got around to posting. See blue vert line for entry date Candle.

Additional premium was collected due to selling on a up day, entry now can be had for a similar credit if not more.
Comment:
Closed for 50% profit today @ for 0.15 debit. 50% profit inclusive of commissions.
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