Options Market Foresees Long-Term Treasury ETF Uptrend Through October
Portfolio Pulse from Lisa Levin
The iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) traded higher during Wednesday's trading session. Kevin Kelly of Kelly Intelligence noted that the ETF had about 1.72 times the amount of calls traded versus puts. Traders anticipate the ETF to continue its upward trend through October. However, it was down 0.5% in Thursday's pre-market trading session.
August 24, 2023 | 12:48 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
The iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) is expected to continue its upward trend through October, despite a slight drop in Thursday's pre-market trading.
The ETF traded higher during Wednesday's session and had about 1.72 times the amount of calls traded versus puts, indicating a bullish sentiment among traders. Despite a slight drop in Thursday's pre-market trading, the overall trend is expected to be positive through October.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100