Trade Setup:
-1 TLT May 19 114/122/122/130 Synthetic Straddle @ $4.00
DTE: 53
Max Win: $400
Max Loss: $400
Breakevens: $118 & $126
Trade Management: 25% profit; Full loser, will take off near worthless side if we test an extreme.
Green zone is profit; Vertical black bar is expiration.
-1 TLT May 19 114/122/122/130 Synthetic Straddle @ $4.00
DTE: 53
Max Win: $400
Max Loss: $400
Breakevens: $118 & $126
Trade Management: 25% profit; Full loser, will take off near worthless side if we test an extreme.
Green zone is profit; Vertical black bar is expiration.