TLT Big Lizard, Neutral to bullish.

NASDAQ:TLT   Ishares 20+ Year Treasury Bond ETF
242 0
Selling the 116 Straddle and buying the 118 Call for a total of $2.33 Credit.

We have no risk to the upside and we are betting the Rate change is already priced in and if something strange happens and we get a move higher we don't have any risk to the upside.

Our break even is at $113.67
That's 2.5% protection move to the downside. Last two times we had a rate change we had a move of 1.6% and 1.7%.

With 39 days to expiration, we have a 74% probability to make money in this trade.
Trade closed: target reached
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