TLT Contrarian Trade - CLOSING FOR LOSS
Perhaps don't fight the Fed?
On 4/8 I made a contrarian bet that interest rates will start to come back down, and sold a defined risk TLT Bullish Put Credit Spread (+1 114p/ -1 119p) to execute this strategy. TLT has continued to go down with the rise in rates. This week, I felt I'd given this trade enough time, and took on enough risk, so I closed it for a -$91 loss. You can probably do better and close today for < -$50 today. In order to close this trade do the following:
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