Quick setup that i am watching (but not going to take due to portfolio skew is already net short)
Ticker: TLT
Position:
- March 20th 2020 Expiry
- $137 Strike Call
- Delta = 0.70
- Cost = $4.18/ contract (mid offer)
Profit Target/ Exit:
- Initial target = $144
- Exit = close below the daily 200 SMA
