For the TLT, I sold Nov$109/104 put spreads on 9-17 as it was approaching the lower Bollinger band with a high IV about one hour before FED meeting announcement. 4 days later, the TLT rose to give me a quick 50% profit and I exited the trade (P1 & P2). To my surprise, TLT continued to rise. I waited for a few days and finally sold Nov$121/126 call spread. All the short options were of 0.20 Deltas and credits were above or equal to $0.50 for a 10%+ ROM.
If TLT breaks above $119 firmly, I may start taking some adjustment actions. But the short call options may not be rolled until a 0.65 Delta is reached.