DailyPlay – Closing Trade (TLT) – April 1, 2024

Closing Trade

• TLT – 45.18% loss: Sell to Close 10 Contracts (or 100% of your Contracts) May 17th $93 Puts @ $1.08 Credit. DailyPlay Portfolio: By Closing all 10 Contracts, we will receive $1,080. We opened these 10 Contracts on March 20 @ $1.87 Debit. The average loss, therefore, is $79 per contract, with a total loss of less than 1% of our Portfolio.

Investment Rationale

We placed this trade as a hedge against a more hawkish tone during the FOMC meeting and at this point, we no longer need this hedge.