TBT UltraShort 20+ Year Treasury (36.70)

The March Bond futures look like they may have one last thrust left in them, presumably to Hidden Pivot target above 144. A corresponding move in this vehicle — an “ulta-short” ETF — could be expected to bottom at 33.27. It’s impossible to predict how much the January 34 calls (TBTAH) will be selling for at that time, but we should be ready to buy them in any event, since that would effectively allow us to stake out a short position in the bonds. To determine a fair price for the calls, I’ll suggest using whatever bid is reflected by the market makers if and when TBT comes down to within 0.10 points of our 33.27 target. If you want to be alerted in real time when this opportunity materializes, keep your bulletin launcher switched on, since I plan to provide timely guidance intraday.