There are a lot of reasons to be bearish TLT, the first and foremost of which is it is in a bearish downtrend. Yesterday's special update suggested a Short-Term Sell below 133. Today's update is jumping the gun, I don't want to give up those 4 points, "just to be sure." This trade may be a few points and days early, so we are going out to June 18th expiration. Sell Signal: TLT (137.57) Option: Jun 18th $137P (2.75-2.85) TLT Short-Term (120 minute) TLT Long Term (Weekly)
