Monday, June 25, 2007

Could be a double bottom in TLT. Little pop and drop at the open but still holding well above Friday's close. Next near term support looks like 88 area so some room to go here. With 26 days to expiration, protection is a bit thin. The ATMs are yielding 1%, the close OTMs at .5%.
Keeping an eye on this one to see if it holds. Would really like it at 82.50. Volume surge not following buying.

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