$TLT Forms Golden Cross, Bulls Optimistic About Potential 50% Surge in ETF with 20-Year Bonds, 1.9M in Long Calls

$TLT, an ETF, has formed a Golden Cross with an upward-sloping 200-day moving average for the first time since January 2019. Previous instances led to a 50% increase over two months. Bulls are optimistic about $TLT's potential, with bonds reaching highs and turning green. Speculation arises about $TLT potentially surging, possibly due to solid demand for 20-year bonds and decreasing interest rates. There is significant interest in $TLT, with 1.9 million in long calls.