Tuesday, January 22, 2019

PONZO Update for TLT and an XLU butterfly....01.22.2019

Here is the last of our PONZO toolkit...TLT...the 20 year Treasury long ETF and another of our favorite butterfly plays.
As mentioned yesterday a possible XLU butterfly debit setup is shown below.  As with most butterfly trades risk is limited and little trade maintenance is required.  This is a 3 week trade with nice odds unless the market really tanks....always a distinct possibility in this volatile environment.