bertolinitrading
Long

TLT Pullback over in Bonds ETF

AMEX:TLT   ISHARES 20+ YEAR TREASURY BOND E
30 0 0
Pullback over in the US Bonds ETF? One green weekly candle closing indicates a resumption of the trend higher. Or it could mean a long consolidation period.

On Friday, the indexes had the most selling we have seen in a couple weeks. I got long TLT             , getting an in the money MARCH 125 Call for 4.50$ and some out of the money APRIL             135 Calls for 90c

Selling March Puts with a spread or higher next week will work if you are neutral. I'm a little more bullish as money could rotate back to this as a safe haven during index pullbacks. If the trend resumes higher and the buying volatility comes back it could eventually get to 141.90$ price level (fib 1272 ext). But that may take a long time or never happen so that's why selling March Puts maybe more suitable for someone else's situation.
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