TLT Bear Call on +1 sig test, Strike at +3
Symbol TLT
Open Date 11/8/2023
Put or Call Call
Expiry Date 12/22/2023
Short Strike 95
Long Strike 97
Price to Open 0.24
Min Width Multiple 4
Risk Ratio 7.33
Return on Risk 13.6%
Opening DTE 44
1 Day ROI% 0.31%
Max Annual ROI % 113.1%
TLT sold yesterday early afternoon as it tested +1 sig on the Bearish 4h/Daily range.
Perfect textbook setup and entry execution for me.
I liked the flip of the price algo at VWAP and thought the relvance was good.
I chose the 95 strike back at +3 sig.
I always go with the highest relevance model because then I know what to do at different levels.
I'm only 50% on picking exact tops and bottoms at model levels, but I am 110% on predetermining and executing a plan at modeled levels.
Open Date 11/8/2023
Put or Call Call
Expiry Date 12/22/2023
Short Strike 95
Long Strike 97
Price to Open 0.24
Min Width Multiple 4
Risk Ratio 7.33
Return on Risk 13.6%
Opening DTE 44
1 Day ROI% 0.31%
Max Annual ROI % 113.1%
TLT sold yesterday early afternoon as it tested +1 sig on the Bearish 4h/Daily range.
Perfect textbook setup and entry execution for me.
I liked the flip of the price algo at VWAP and thought the relvance was good.
I chose the 95 strike back at +3 sig.
I always go with the highest relevance model because then I know what to do at different levels.
I'm only 50% on picking exact tops and bottoms at model levels, but I am 110% on predetermining and executing a plan at modeled levels.
Since it removed so much liquidity back up to the strike and back down to VWAP I didn't want to risk it going even higher on the Core inflation next Tues 2/13.
I closed this on 2/7, 2 days ago manually for 0.22.
So I sold for 0.27 and had to roll it out, but not up for a net 0.50.
But only kept 0.24 of the 0.50.
And then on 2/8, I tortured myself and looked at the spread and it traded down to 0.08.
So I left quite a bit on the table.
But I did't want this thing going up with 2 weeks go to, so I'll take my delta gains and be happy.
Plus I've been doing 0DTE spreads in SPX so I wanted more buy power back in the account.
I'd publish those trades, but Tview tells me it's too short a timeframe.
Maybe I'll find some way because it's a log for me also.
## Buy to close manually TLT
Symbol TLT
Open Date 1/2/2024
Put or Call Call
Expiry Date 2/16/2024
Short Strike 97
Long Strike 100
Price to Open 0.50
Min Width Multiple 6
Risk Ratio 5.00
Return on Risk 20.0%
Opening DTE 45
1 Day ROI% 0.44%
Max Annual ROI % 162.2%
Buyback to Close
Open to Roll
Closing % Cost on Opening Credit
Net Roll % on Opening Credit
Closing Date 2/7/2024
Closing Price 0.22
Closed Margin ROI % 11.20%
Closed Annual ROI % 90.84%