Opening (Margin): TLT January 21st 2 x 160/149 Backratio Spread
... for a 20.34 debit.
Comments: Buying 2 x the 82 delta strike and selling the at-the-money 49 delta strike for a setup with a net delta of -115, so this is going to move a lot like short stock. Going with the January expiry to give it more time to work out if it needs it, but will look to take profit at 110% of what I put the trade on for.
Comments: Buying 2 x the 82 delta strike and selling the at-the-money 49 delta strike for a setup with a net delta of -115, so this is going to move a lot like short stock. Going with the January expiry to give it more time to work out if it needs it, but will look to take profit at 110% of what I put the trade on for.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.