A really good contra play on bonds for the coming month Multiple forms of technical analysis are saying that bonds (TLT) have gotten very oversold, and even though the trend is bearish, a short term bounce in the next 3-4 weeks is extremely likely. Currently it's appearing like a selling climax which could have a sharp reaction in the opposite direction.
STRATEGY: I have sold 120 puts for may 20 expiry as well as bought 127 calls.
Appreciate your feedback !