OPENING: TLT SEPTEMBER 18TH 155/167/168/180 IRON FLY
... for a 5.96 credit.
Notes: A risk one to make one stays-within-the-expected move setup betting that treasuries don't move a ton in the next 59 days or so. Since it's "almost a straddle," will look to take profit at 25% max.
Notes: A risk one to make one stays-within-the-expected move setup betting that treasuries don't move a ton in the next 59 days or so. Since it's "almost a straddle," will look to take profit at 25% max.
Trade closed: target reached:
25% max target hit: In for 5.96, out for 4.47 with 28 days to go; 1.49 ($149) profit/contract.