Update 5/25
I just closed both of my long positions, that auction was awful and bond yields are spiking, I hated taking capital gains like that but this market has a major headwind with rates like this. Just an atrocious auction and TLT is heading to lows as rates spike, we are in a very bad spot now, not closing short puts up but just exiting the MSTR and IBIT longs I put on a month back. I did very well and happy with the results. I’m out now
Hi James, I’m a little surprised that you closed out your long position in $IBIT - I think the fund has more upside in the weeks ahead especially with the poorly received 20 year bond auction today (long position in IBIT, not investment advice)