Ticker: TLT
Position:
- Sell to Open (STO) $155 Strike Call Option (6th March Expiry)
- Buy to Open (BTO) $156 Strike Call Option (6th March Expiry)
- This will result in a net credit to your account, i.e. you will be paid for this trade
- Remember to (STO) the HIGHER delta option, otherwise this will result in a debit and the trade will then be structured...
Sideway action as the trend slope of the trend has become steeper.
Not saying the uptrend is over, but stalling, especially since RSI and Stochastik start to indicate some divergence.
Short call spreads seems to be good risk/reward IMHO.
Wouldn't be buying puts as the premium will deteriorate as long as the market doesn't sell off.
