today the next Friday bond futures option that I bought at 47′ is 55′. I thought we would get a bigger pop this week and that hasn’t come through. Maybe tomorrow. Anyway, the trade will be to roll the proceeds of the sale into a June 150/152 call spread. that trade should be about the same cost so no change in risk and I have more appetite for bonds
IIRC the TLT option was 132’s. because of the way futures options settle the equivalent expiry in TLT is May. And the roll is into the 132/134. I’ll retweet this in the morning when I want to go to market