iShares 20+ Year Treasury Bond Buywrite Strategy ETF (TLTW)

iShares 20+ Year Treasury Bond Buywrite Strategy ETF is trading at $21.09, up 0.33% on the session. The 50 day average sits at $21.83 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 35.5, which reads as weak, and MACD is bearish crossover. Volume is average.

The nearest support is around $21.12 with resistance near $21.45, so that band frames the current range. Average daily movement is roughly $0.14, or about 0.7% of the share price, which is what any stop placement has to allow for. The overall health score of 46 out of 100 combines a trend score of 32, momentum of 30 and a risk score of 92.

The fund will seek to write call options up to (but not exceeding) the full amount of shares of the underlying fund held in the fund (i.e., the short position in the call option is offset, or “covered,” by the long position the fund holds in shares of the underlying fund).