Summary: back up which means his statement should be hawkish If this happens then bonds should begin to trend lower and we are targeting a move back towards 110 by the expiration date of this trade Profit Goal Or profit goal is to catch a move back down to 110 or below Break even point is 110 25 for the 111 put 100 profit would be realized at expiration if the market is at 110 18 for
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