Originally Posted by tlee418
I am still deciding which calls I should buy, not good at picking calls.
Ideally, if you can get it you want to buy calls/puts on a strike with relatively high volume and a tight bid/ask. Typically contracts on 0 or 5 (i.e. 25, 30, 35, 40, etc...) strikes will have higher open interest, higher volume, and lower spreads. That's the easy part. Determining how much time you'll need for the trade to open up is a different story.
Honestly guys, what macro/government factors could induce 30yr prices back up into the stratosphere? The FED has made it pretty clear that their focus is on the short end of the yield curve. Only 4% of the QE purchases will be on 20+ Yr Bonds. The entire bond market is not in a bubble but the longer dated securities out on the curve certainly are. Who else in their right mind would purchase 20-30 Yr Treasuries right now?