Rolling Over into April Expiration (Optional) The March 19th $155P is now up over 300%, but with TLT trading at $138 it has become a deep in the money option. The puts that cost $4.00 are now trading at $18. Consider taking some profits and rolling the rest over into the April 16th $140P. Interest Rates The decline in TLT reflects a rise in interest rates. That is a wild card that is probably not priced into the market...yet. The Russell 2000 topped on Feb 10th, the Nasdaq and the S&P 500 topped on Feb 16th, and the Dow made a new high yesterday. With the Dow down 400+ points today, all market averages are going in the same direction: Down. Meanwhile Bitcoin is still above $50K. The Big Picture Watch for higher interest rates, higher inflation, higher Bitcoin and lower equity prices all coming together in the weeks ahead.
