TBT UltraShort 20+ Year Treasury (45.85)

9136There’s an enticing Hidden Pivot support at 43.13, so let’s try bottom-fishing there with a 3.80 bid for one June 45 call (TBTFS), good through Friday. I’ll post further guidance intraday if it looks like we can improve on the price of the call, so keep your bulletin launcher activated if you want to be alerted in real time. We are going out to June on this order with the goal of shorting something against our call later. I’ve included a snapshot of an option calculator into which I’ve plugged a TradeStation volatility of 46.