How We Called the Top in TLT for a Cool 180% Gain

Jeff's long TLT put option trade was one of his trades of the year.

Jeff said to get long September $140 puts at 22 cents.

He sold half at 48 cents for a 118% gain and the other half at 75 cents for a 240% gain.

Just $1,000 in this idea would have generated a $1,796.46 profit — a nearly 180% gain.

Here's how the trade went down:

And in this video, you'll see:

  • The combo sell signal in TLT (a Gilligan plus a Soup Nazi)
  • How the sell setup was validated
  • When Jeff knew it was time to pull the trigger on taking the profit
  • How the Principle of Squares help identify climaxes
  • The significant of TLT's up move this morning

This is a great insight into the Hit and Run methodology, which entails getting in and out at the point of optimal reward:risk.