TLTW Stock Summary and Trading Ideas (iShares Trust iShares 20+ Year Treasury Bond Buywrite Strategy ETF | BATS:TLTW)

The iShares 20+ Year Treasury Bond BuyWrite Strategy ETF seeks to track the investment results of an index that reflects a strategy of holding the iShares 20+ Year Treasury Bond ETF while writing (selling) one-month covered call options to generate income.

iShares Trust iShares 20+ Year Treasury Bond Buywrite Strategy ETF trades on the BATS stock market under the symbol TLTW.

As of October 3, 2024, TLTW stock price declined to $26.53 with 521,612 million shares trading.

TLTW has a beta of 0.29, meaning it tends to be less sensitive to market movements. TLTW has a correlation of 0.09 to the broad based SPY ETF.

TLTW has a market cap of $1.16 billion. This is considered a Small Cap stock.

TLTW has underperformed the market in the last year with a price return of +9.4% while the SPY ETF gained +34.5%. However, in the short term, TLTW had mixed performance relative to the market. It has outperformed in the last 3 months, returning +8.1% vs +3.7% return in SPY. But in the last 2 weeks, TLTW shares have been beat by the market, returning -1.8% compared to an SPY return of +1.5%.

TLTW support price is $26.63 and resistance is $26.91 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TLTW shares will trade within this expected range on the day.