Bull ackman just closed his shorts. Is it a good time to buy some TLT now?

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Ackman was on CNBC and literally had tears in his eyes as he was telling the world that ‘hell was coming’ in March 2020 at the exact moment he was covering his short positions and pivoting long.

Don’t trust him.

That being said, I have a small TLT call position that I’m holding but will close out by EOD Wednesday. The GDP and PCE reports later this week create event risk similar to an earnings call. Unless you have a a very good macro model, I’d wait until after those prints to get a position started.

Or start is slowly now and hedge with PFIX.

M1, I actually closed it on Monday. This was a flier for me and I got ~25% on the calls. Would have made more holding to today, but I was playing for a bounce and got it.

I am holding 2025 TLTs and will pile in at 110

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