The play for OTM calls on TLT right now is a good risk to reward for myself given the numerous positive potential outcomes. If they don't cut rates, I expect TLT to make a very nice upward move due to bond prices going up and maturity going down.
If they cut rates, I still expect bond maturities to go down and for TLT to go up.
With the current landscape I am...
Farfetch has had a real selloff this past year and for good reasons. Gap down from last earnings, slowly grinding down with major divergence on different indicators and possibly rounding off in this falling wedge pattern. Good risk to reward for me to take some calls and see what happens into earnings. Breaking out of the wedge this week could be a very nice swing...
