Our last PRO short-term TLT trade was a Sell in late February. As seen below, it worked out pretty well. TLT is in the middle of a longer-term downswing. Since mid-March it has seen a mild counter-trend rally that appears to be stalling out, making way for a new leg lower. We haven't got the confirmation yet, but price has bounced off the 261.8% Fib extension level and has turned back down. A break below 133 will target 115: The ATR short-term trend chart is just now triggering a Sell Signal. Once the chart above confirms we will be entering Jun puts. If TLT can reach 115 by Jun expiration we could be looking at at-the-money puts going up 5X. This is a trade (pending) worth watching.
