Huraian
⋅ I'm adding to my short bonds position here now that I have another favorable stop above consolidation available.
Short TLT via 115/124 put Diagonal for $6.07.
Max Risk: $607
Max Win: As of now, it's $293
Target: Price at $115
Stop Loss: Price at $119.50
long 124 put: 80 delta
short 115 put: 22 delta
I'll likely continue to roll the short 115 put against to reduce this basis when I can.