Lets hope so. Sorry I didn't post it earlier. I'm not particularly excited about this trade because I'm just betting on a short bounce with a modest position. I usually try to ride waves of 4 or more points in a period of about 4 to 8 weeks but those waves are getting scarce.
Agree! the bounce is underway, not sure how much it will be either. But not expecting a whole lot either...
It was luck, really. While my exit points are very satisfactory, I'm still working on correcting my tendency to get in too early and that was one of the reasons why I established a bullish spread instead of just purchasing calls. The two options I had in mind yesterday when establishing my spread were: - If we get a substantial bond dip that sends stocks, oil and gold down, I will liquidate my short 10âs at that point and expect the bounce to take place then. - If there is no substantial drop before bonds start climbing, I will keep my short 10âs; liquidate my long 30âs at the end of month; ride the drop that will follow with my 10âs ; and quickly pyramid on my short position while bonds are going down.