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The 30 year Treasury yield usually follows the trend of crude oil with a lag of about three weeks. That has us around Christmas where crude made its most recent peak. I believe we are at or near that peak now on the 30 year treasury. Therefore we can expect the yield to drop slightly and then move sideways for a couple weeks. This would have TLT slightly higher and then sideways; perfect for the Iron Condor.

I opened the below Iron Condor: 01/16/2024 11:35:55 01/16/2024 11:35:55 01/16/2024 11:35:55 01/16/2024 11:35:55 Buy Open Sell Open Sell Open Buy Open 20 20 20 20 TLT 03/15/2024 90.00 Put TLT 03/15/2024 92.00 Put TLT 03/15/2024 100.00 Call TLT 03/15/2024 102.00 Call Net Credit 0.67 DAY Bought @ 0.49 Sold @ 0.86 Sold @ 0.75 Bought @ 0.45

I just closed the spread for 3.15 and the calls for .30. A quick 12% gain, I am goin to re-enter using a call spread shortly.