That “almost” 3 point fall in TLT and red close for SPY put the pair trade at -7% for the month. I did manage to close probably 30% of the trade during the rise the past few days.
I am closing the trade either today or Monday/Tuesday latest. I’ll probably take most of TLT off it it falls another 0.5 points. We’ll gauge the market. The most well respected people I follow are looking to get into TLT as a slight hedge. So I am a bit more OK with allowing the trade to go on a bit. Steady options is also still in the trade. So I’ll use all of that info as a gauge but the most likely thing is taking the trade off in parts.