A new trade in bond ETF TLT has been started. An Aug 9th $133.50 call and $131.50 put were puchased for a price of $1.05 before fees. The goal of the trade is $2.50. Stop pricing has been started. Some reason(s) for the trade are below.
- Federal Reserve announcement happened after the spread trade was executed.
- Chart wise, TLT was sitting in between $130 and $135. A move to either given the fed announcement is likely
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