TLT is staggeringly oversold, everyone and their dog is screaming about higher rates. Understandable, but how much is already priced in? Will the FED reverse course? Will and equity correction send $ back into bonds?
Hard to predict the news, but this chart is a screaming buy to me (on a 2-3 month timeframe). We MAY have one more low to the 116~ area which would be a slam dunk and make a beautiful divergence. I am long May20th and Jun 15th calls at 128/133 strikes.
Hard to predict the news, but this chart is a screaming buy to me (on a 2-3 month timeframe). We MAY have one more low to the 116~ area which would be a slam dunk and make a beautiful divergence. I am long May20th and Jun 15th calls at 128/133 strikes.
White Lake Investment