TBT Treasuries Bear Leveraged ETF
Updated
TBT is going to take another swing now that interest rates are going up.
Fundamentally, Treasuries and other bonds will go down on their real face value
because their yield is lower than the new going rate. Inverse EFTs like TBT
will go up when Treasuries go down.
On the w Chart chart, price is sitting above the POC line of the volume profile
where there is support and high volatility. Above the line shows buyers in control
ready to move price higher.
The Awesome Oscillator flipped green today after the fed news showing that selling momentum
has been replaced by buying momentum ( capitulation at the bottom).
The volume indicator shows a clear uptick in buying volume.
TBT offers options to further leverage this trade.
I will take a call options position of several contracts for the 5/12 expiration at a strike
about 5% below the current price. I expect 100% return on risk by next Monday and more
after that.
Fundamentally, Treasuries and other bonds will go down on their real face value
because their yield is lower than the new going rate. Inverse EFTs like TBT
will go up when Treasuries go down.
On the w Chart chart, price is sitting above the POC line of the volume profile
where there is support and high volatility. Above the line shows buyers in control
ready to move price higher.
The Awesome Oscillator flipped green today after the fed news showing that selling momentum
has been replaced by buying momentum ( capitulation at the bottom).
The volume indicator shows a clear uptick in buying volume.
TBT offers options to further leverage this trade.
I will take a call options position of several contracts for the 5/12 expiration at a strike
about 5% below the current price. I expect 100% return on risk by next Monday and more
after that.
Trade active
Call options have great unrealized profit of 60%. Will hold the weekend and reassess after it.Trade active
TBT on the verge of topping out. It has been a great run.Trade active
TBT still rising staying in past the fed news
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