ALERT: Sell $TLT 115 calendar @ $.58 credit.
A quick retrospective on this trade: We initiated this trade 3 months ago at $1.41 debit. $TLT proceeded to obey and fall to a good target point. In the middle of the month, we rolled the short strike from May to June, creating a $.75 credit, making the total invested $.66. In the next newsletter, we sold half of the remaining position at a credit of $1.36 insuring a credit of $.70 profit. Last newsletter we sold the July Strike at $.33 giving the full position profit value of $.185 (since we sold half) profit, and now sold the position at $.58 giving a full position profit of $.29 which means the total profit for this trade was $1.175, a 83.3% profit.
Hadik is talking about a spike in bonds. it may be a safe-haven type of spike, or perhaps a melt-up type of spike. Since I will not be long bonds in this fundamental environment, I will sit on the sidelines for a period of time.