Robertlesnicki

Bonds are approaching this huge support zone!

CBOT:ZB1!   T-Bond Futures
The 30 year bond is approaching a huge support zone! Constructive if this zone holds! Bearish if it breaks down below this zone.

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How are you playing it? I'm short a strangle and long a longer dated straddle. That puts my profits zone basically between the support and resistance you've outlined. If we break those zones I'm going to close the strangle and let the straddle run. If we stay in the range I'll take profits on the strangle and then look to sell another.
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Robertlesnicki daytraitorHODL
@daytraitorHODL, If you believe that the range will continue, then play the range. I currently have no position. My experience tells me that bonds yields can't stay this low forever. Eventually yields will rise.
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Good job
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