The Fed meets on Wednesday and what they do, don't do, say or don't say could affect positions on TLT. To recap, we have had three breakdown Sell Signals, the first ones already up triple digits, subjecting them to 50% profit taking trailing stops. April 11th low print @ $85.00 should be taken out before Jun expiration, TLT Target --> $76 -$81 Trade Management Some to all of the early gains taken via 50% trailing stops. Consider adding more if light. Price is targeting low $80's soon, then mid $70's by Jun expiration. Expect Jun puts above to exceed prior highs, maybe by a significant amount. Holding at least some Jun puts into expiration is the plan, with some easy early gains already banked.
