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TLT made a strong move in the last few days. The fiscal cliff talks made a huge impact in the market and TLT with a downward momentum is now almost 2 standard deviation away for the weekly expiry. It can also be seen at a horizontal support from august . I wanted to play the bounce or a stall in TLT for tomorrow and here's my trade below.
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| TLT weekly |
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| TLT daily chart with standard deviation extremes |
iShares Barclays 20+ Yr Treas.Bond (TLT) sell vertical:
Sell 1X $118 weekly put
Buy 1X $116 weekly put
(Got a credit of 54c)
*Please do your own research before buying any stock listed here. Disclaimer.
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