Playing Bonds For A Bounce

$TLT

I’m taking a shot at TLT 0.00%↑ here on this gap above the 5 day that’s currently playing out. Entry price is around $87.75, and I’ll be shook out if it breaks below the recent low of $87.

TLT 0.00%↑ has been in a drawdown since December started, but there’s been some interesting option flow over the past 10 days. A low risk play to hide during this spat of market weakness.