TLT trading at 50% retracement

The 50% retracement of a prior move high can be a powerful support area. TLT is looking to find some key support areas after the February selloff.

As investors sort out the Fed's QE decision, watching bonds is very important.

• Buy Delta 70 calls if TLT crosses above the 131.65 level with an upside target of 134.09.
  
• Look to leave yourself at least 60 days of time in your call option.