8:10 am PST. Treasuries, via TLT, show a gravestone doji pattern for last week, which to me says that TLT could retrace as far down as 119.10. First levels of support will probably be at 120.18, then 119.86. I will probably exit my puts at the first level of support, or get stopped out, depending on the price action on Monday.
I closed out some puts on Friday for about 25%, which is not much considering the move and where I bought and sold them. I went out too far on them, despite the really big move down. Had I bought next week’s weeklys, woulda done much better. Coulda shoulda woulda. lol
