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NaughtyPines
Nov 26, 2021 4:57 PM

Opening: TLT March 18th 2 x 163/151 Back Ratio Spread Short

iShares 20+ Year Treasury Bond ETFNASDAQ

Description

... for a 23.99 debit.

Comments: Buying 2 x the 75 delta puts and selling the 50 delta put strike in the March expiry on strength here to create a synthetic -100 net delta short position with a 151.01 break even in 20+ year paper. Will start to look to take profit at 110% of what I put it on for.
Comments
SabahEquityResearch
Amazing setup
NaughtyPines
@CountLikeWallStreet, Love them back ratios for directional shots. Wanted to hang out until it hit that horizontal resistance level, but have places to go, leftovers to eat.
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