We are already long interest rates via our TLT puts, bought last week at $2.00 and trading as high as $3.81 today, a gain of over 90%. Accordingly, I'm moving the stop up from breakeven to the trailing 50% profit stop, as + 90% is close enough to +100%, especially in less than a week, to trigger our trailing stop exit. Note that inflation numbers are due out before the bell tomorrow, a news event that could affect our put position either way. TLT 2-Day Although the chart is still set-up for TLT to drop further, two big inflation numbers are out this week, starting tomorrow, injecting a fundamental reason for a TLT counter-trend rally. HYG 2-Day HYG is a Junk Bond ETF. It has fallen a steeply if not more so than TLT, the much higher quality 20-year Treasury Bond ETF. It is sitting on a support trendline up from the 2020 spike low. If support fails, next support IS that 2020 low @ $75.10 HYG Nov Puts Bad news on the inflation front could send HYG plummeting. These Nov $77 Puts for under $1.00 could easily be worth double or triple current quotes if HYG breaks support and heads lower over the next 52 days.
