TLT continues to decline and is showing five waves down from Apr 2023, which means a potential short-term low is due at any time. Since the Puts tracked below are December expirations there is still plenty of time for TLT to drop into the low 80's or below, but each of these trades has healthy triple digit gains, so consider taking some or all and waiting for a fresh Sell to go back in. Alternatively, the way interest rates are rising (chart below), TLT could drop well into the 70's by expiration, it just won't be in a straight line. One trade management strategy: Sell half during this current drop, hold half for TLT's next leg down. TLT Daily TLT PRO Trade TLT Premium Trade US 10 Year Yield Strong upward momentum in 10 Year yield is weighing heavily on stock and bond markets. IWM Daily PRO Service Stock Market Bundle - October Expirations
