Establishing a short vertical Oct 105/106 call.
I am looking for an entry and will try to enter around this level; where the kumo acts as resistance and the Chikou Span is facing resistance.
Notes:
On the Daily Chart, TLT is trading in a very tight range; waiting for news to either move it up or down.
My bias is down. The short vertical Oct call spread is a play on time decay and a bet that it won’t move up within the next 10 days.
