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Carter Worth And Mike Khouw's TLT Trade

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On CNBC's "Options Action," Carter Worth shared with the audience his technical analysis of iShares Barclays 20+ Yr Treas.Bond (NASDAQ: TLT). He noticed a well-defined wedge pattern on its chart and he thinks that the ETF is going to break out on the upside as yields move lower.

Mike Khouw suggested a bullish options strategy in the name. He wants to buy the August $166/$172 call spread for $1.90. The trade breaks even at $167.90 or 1.6% above the closing price on Friday. It can make a maximal profit of $4.10 if TLT jumps to $172 or higher.

 

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Posted-In: Carter Worth CNBC Mike Khouw Options ActionOptions Markets Media