Guidelines for TLT Spread and the Friday Jackpot Bet

In today’s touts, I’ve posted explicit guidelines for initiating a new bull spread in TLT, a vehicle that tracks T-Bond prices. We’ve waited to augment existing positions as TLT has corrected to a target that’s close to being achieved. If you have any questions or concerns about how to do the trade, ask them in the chat room, since quite a few subscribers appear to have gotten the hang of the strategy.  Concerning the Friday Jackpot Bet, subscribers will be on their own this week, since I will be out of cellphone/device range from late-morning Thursday until Sunday evening.  The idea remains the same: Buy expiring puts or calls for significantly less than a dollar in ‘lunatic stocks’ that appear likely to reverse in the first 15-30 minutes from Hidden Pivot targets on the 15-minute charts or less.