Here's how one trader is hedging against selling pressure in the market

after the tech giant said the coronavirus outbreak would likely depress revenue.

Gordon also points out that a "cup and handle pattern" is forming again in the chart of TLT. That is a sign that TLT is set to move higher, based on the ETF's previous move. Gordon wants to buy the March 27 weekly 145-strike calls and pair those with the sale of the March 27 weekly 150.5-strike calls for a total of around $1.92 debit.

This means that should TLT close below $145 on March 27 expiration, then Gordon would lose the $192 he paid for the trade. But if TLT closes above $150.50, then Gordon could make up to $358 on the trade.

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Here's what happened to the stock market on TuesdayThe major averages were under pressure for most of Tuesday's session after a stark warning from Apple. Blah blah blah Powell the Printer injects 70 billion in one day via Repos blah blah blah DJIA federalreserve FOMC Your headline is very misleading. Over the past 5 days the Dow is down 0.15%, which is nothing. Fair and balance in reporting is lost on the Peacock family. Have you even read this bollox before sharing it? Your journalist is either a bot or entirely unqualified.
Source: CNBC - 🏆 12. / 72 Read more »