20+Year Treasuries (TLT) – Yield Breakdown Sept 16th, 2019

Bullish – TLT $136.54 – Interest Rate

The idea presented is the opinion of the Options Action staff and not a recommendation by OptionsPlay.

On Friday’s Options Action, the crew analyzed long term treasury yields. After a significant selloff over the past few weeks, it has approached oversold and support levels. Coupled with the Fed’s rate policy and global interest rates below 0%, yields may continue to fall. Expecting TLT to bounce higher, Michael Khouw suggests buying a Nov 136/144 Call Vertical for $3.00 Debit. As of Friday’s close, these calls were trading at a $2.57 Debit.

We’ve structured this trade in OptionsPlay so you can analyze and view this trade along with the supporting technical chart at your convenience. You can also view the Options Action’s video by clicking on the following link: TLT Options ActionView TLT Trade

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