I've taken a nice break to clear my head from all my impatience and now I'm back with a new position in TLT.
This one is a standard Bull Put with the APR15 126/129 for 0.53 x 5 for a credit of $265 and a max risk of $735, making the R/R = 0.36 (good!) with a 71% probability of profit (POP).
I haven't had the best luck with TLT in the past, but hopefully this can break the streak. IV Rank for TLT is at 62%, so it makes sense to sell rather than buy.
No comments:
Post a Comment