Intraday Update: TLT

August 09, 2022

Intraday Update: TLT

Time is running low on the TLT Aug19 strangle, and tomorrow will be a critical session of action to determine whether the position is closed, trimmed, or rolled. The two-week range on TLT has created a tight pattern ahead of tomorrow's CPI report, and the inflation number should move Treasuries. We will need to see a decisive break of the 100day sma and 119 level to get momentum building on the upside, while a drop under 116 should start momentum building on the downside. Stay tuned for a potential early update tomorrow.

Open Positions

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Trader Author Portfolio Holdings

**As of the date and time of publication

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