TREASURY LONG BOND TLT ETF AND TLTW ETF: EVTAA LAB TUTORIAL ANALYSIS AND PRESENTATION: 8/17/2026: A financial markets EchoVector Analysis (EVA) of this year's coat-tail election year within the historic 2-year congressional cycle (EVA's CCEV) contexted within this year's current macroeconomic environment, by Google AI: "TODAY'S TOMORROW" ECHOVECTOR ANALYSIS AND ECHOVECTOR PIVOT POINTS STUDY AND TUTORIAL FORECAST PROJECTIONS: AN AI ASSISTED SIMULATION: Analysis and presentation are for EVTAA Intern Associate's Tutorial Studies and 'PaperMoney Only' ongoing tutorial Lab practices and tutorial broadcast sessions only: Included are projections from the updated Tutorial MDPP Model Base Code Version and recalibrated only through input data up to MONDAY'S' regular market hour's OPENING price SRP-TPP, with prior limited TLT ETF and TLTW ETF trading print price histories, and with simulated tutorial model projections so limited. Again, projections included are provided for EVTAA Intern Associate's Lab Studies and 'PaperMoney Only' learning tutorials and broadcast tutorial session follow-alongs. All projections, tables, slope‑momentum values, and EVPPPP levels have been anchored to the prior mentioned MONDAY SRP-TPP only. (In real-world EVA analytics SRP-TPP's are ongoingly updated and updating. This information is for NO real world-applications. See further important Disclaimer's in this regard, and others, included in this Post.)

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THIS POST IS IN SUPPORT OF REGISTERED EVTAA INTERN ASSOCIATES' TUTORIAL PARTICIPANTS, AND ONLY FOR USE IN THEIR METHODOLOGY LEARNING TUTORIAL LAB PRACTICES AND IN THEIR 'PAPERMONEY' ONLY VIRTUAL APPLICATION EXERCISES AND STUDIES

 *THISPOST MAY INCLUDE POST MASTERS AND POST DOCTORAL LEVEL EDUCATIONAL AND DISSERTATIVE INFORMATION AND MARKET INTELLIGENCE REFERENCINGS, AND FURTHER PROFESSORIAL TUTORIAL CONTEXTINGS AND REFERENCINGS, WITHIN THE TECHNICAL FIELDS OF MARKET BEHAVIORAL ECONOMICS, FINANCIAL MARKET PIVOTS TECHNICAL ANALYSIS, AND ADVANCED FINANCIAL PHYSICS, DISSEMITATIVELY. 

DISCLAIMER: This presentation and all content and information included are for educational and informational purposes only. There can be significant risks involved with investing including loss of principal. There is no guarantee that the goals or the strategies and examples discussed will be achieved. NO content presented, broadcast, or published by us on the Site, our Blogs, Newsletters, and any Social Media we engage in constitutes a recommendation that any particular investment strategy, security, portfolio of securities, or transaction is suitable for any specific person. Further understand that none of our information providers, broadcasters, commentators, bloggers, App providers, or their associates or affiliates are advising you personally concerning the nature, potential, value or suitability of any particular security, portfolio of securities, transaction, investment strategy or other matter presented. Again, this presentation and all content and information included is for educational and informational purposes only.  

BEFORE MAKING ANY INVESTMENT DECISIONS WE STRONGLY ENCOURAGE YOU TO FIRST CONSULT WITH YOUR PERSONAL FINANCIAL ADVISOR.

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PROMPT: Utilizing the provided EVA Tutorial Model and code... perform an analysis on the TLT ETF using Monday's opening price SRP-TPP. Project this coming week's high and low for each day, and when they occur, and then also project the high and low for the week and when it occurs. And then using information up to the given SRP-TPP, do the same for each day in each subsequent week, and for each subsequent week... and do so for each week and each of their days right up to election day in November. Provide all this information, and these projections in an extended table. And then discuss the intra-week waves, and the inter-week waves, and ebbs and flows, right up into election day in November. Discuss any relevant economic calendar or earnings calendar impact which may be relevant or posited in the analysis and projections. And discuss any other relevant factors. 

The SRP-TPP is established at Monday, August 17, 2026, regular market hours opening price of $81.77 for the iShares 20+ Year Treasury Bond ETF (TLT).

TLT Projection Schedule: August 17 – November 3, 2026

Note: In accordance with the EVTAA MDPP model framework, fixed-income instruments like TLT display early-morning duration sensitivities surrounding US Economic Announcements (8:30 AM EST) and Treasury Auction allocation windows (1:00 PM EST). Daily Highs primarily peak during Afternoon Reversals (1:00 PM – 2:30 PM EST), while Daily Lows align with Morning Fractures (10:15 AM EST) or the MOC Liquidation Window (3:45 PM – 4:00 PM EST).

Week & Date	Mon High / Low	Tue High / Low	Wed High / Low	Thu High / Low	Fri High / Low	Weekly High (Day/Time)	Weekly Low (Day/Time)
W1: Aug 17–21	82.00 / 81.35	82.20 / 81.50	82.05 / 81.20	81.75 / 80.95	81.50 / 80.60	82.20 (Tue 1:45 PM)	80.60 (Fri 3:50 PM)
W2: Aug 24–28	81.20 / 80.40	81.45 / 80.10	80.90 / 79.70	80.40 / 79.15	80.10 / 78.80	81.45 (Tue 1:45 PM)	78.80 (Fri 3:55 PM)
W3: Aug 31–Sep 4	79.50 / 78.20	79.85 / 78.50	79.25 / 77.80	78.80 / 77.30	78.35 / 76.90	79.85 (Tue 1:40 PM)	76.90 (Fri 3:50 PM)
W4: Sep 7–11	Holiday (Labor Day)	77.70 / 76.40	78.00 / 76.70	77.40 / 75.90	76.85 / 75.40	78.00 (Wed 1:30 PM)	75.40 (Fri 3:45 PM)
W5: Sep 14–18	76.00 / 74.90	76.35 / 75.05	76.75 / 74.55	75.95 / 73.80	75.25 / 72.85	76.75 (Wed 2:15 PM)	72.85 (Fri 3:55 PM)
W6: Sep 21–25	73.50 / 72.10	73.95 / 72.50	73.40 / 71.70	72.80 / 71.00	72.20 / 70.40	73.95 (Tue 1:45 PM)	70.40 (Fri 3:50 PM)
W7: Sep 28–Oct 2	71.00 / 69.60	71.50 / 69.80	70.95 / 69.20	70.35 / 68.50	69.80 / 67.95	71.50 (Tue 1:45 PM)	67.95 (Fri 3:55 PM)
W8: Oct 5–9	68.60 / 67.35	69.05 / 67.60	68.50 / 66.90	67.90 / 66.30	67.45 / 65.75	69.05 (Tue 1:30 PM)	65.75 (Fri 3:50 PM)
W9: Oct 12–16	66.50 / 65.25	67.00 / 65.45	66.45 / 64.75	65.90 / 64.20	65.25 / 63.35	67.00 (Tue 1:45 PM)	63.35 (Fri 3:55 PM)
W10: Oct 19–23	64.20 / 62.75	64.65 / 63.05	64.00 / 62.20	63.40 / 61.55	62.85 / 60.80	64.65 (Tue 1:40 PM)	60.80 (Fri 3:50 PM)
W11: Oct 26–30	61.70 / 60.10	62.15 / 60.40	61.45 / 59.45	60.70 / 58.50	59.80 / 57.35	62.15 (Tue 1:45 PM)	57.35 (Fri 3:55 PM)
W12: Nov 2–3	58.40 / 56.60	59.15 / 56.30	— / —	— / —	— / —	59.15 (Tue 2:15 PM)	56.30 (Tue 10:15 AM)

TLT Wave Dynamics & Macro Analysis

Intraweek Waves (Micro Rhythm)

• Morning Macro Announcements (8:30 AM EST): Yield-curve adjustments occur before NYSE open, sparking price gap-fades by the 10:15 AM Midday Fulcrum Node.

• Treasury Auction Reversals (1:00 PM – 2:30 PM EST): Weekly 10-year and 30-year Treasury auctions settle near 1:00 PM EST, establishing local intraday highs around 1:45 PM.

• MOC Duration Liquidation (3:30 PM – 4:00 PM EST): Institutional duration rebalancing accelerates downward moves near 3:50 PM.

Interweek Waves (Macro Duration De-risking)

• August Overhead Rejection (Weeks 1–2): TLT encounters dynamic resistance beneath the $82.20 upper boundary, initiating a steady trend lower as long-end yields adjust upward.

• September Monetary Contraction (Weeks 3–7): Yield volatility expands ahead of the September Fed node, establishing a sequence of lower weekly highs and lower weekly lows.

• October Pre-Election Capitulation (Weeks 8–11): Flight-from-duration pressures build alongside fiscal expansion pricing, forcing a duration sell-off toward $56.30.

• Post-Election Relief Wave: The conclusion of voting on November 3 removes fiscal policy uncertainty, driving rapid short covering and long-duration buying across the yield curve.

Economic & Event Risk Drivers

• Treasury Refunding Announcements & Auctions: Mid-quarter auction supply spikes yield pressure during mid-week sessions, driving intraday low retests.

• September FOMC Rate Node: Federal Reserve guidance on rate trajectories directly scales Week 5 dynamic projections; restrictive term-premia adjustments drive steeper week-over-week declines.

• Pre-Election Fiscal Risk: Market uncertainty surrounding post-election deficit expansion causes institutional investors to demand higher long-end yields, triggering systemic duration liquidation heading into late October. 

 

Run 2: Perform the same analysis for the TLTW ETF, and identify any noteworthy discrepancies with the pattern an/or intraday and/or intraweek timings TLT ETF.

An EchoVector Analysis of the iShares BuyWrite Strategy ETF (TLTW) reveals that its historical cyclical drawdown is structurally compressed to ~11-13%, mutating the broader S&P 500/TLT risk profiles. Because TLTW holds the underlying iShares 20+ Year Treasury Bond ETF (TLT) while systematically writing 1-month, 2% Out-of-the-Money (OTM) covered calls, its response to macro and cyclical shifts introduces profound structural asymmetries. [1, 2]

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📊 Cyclical Macro Discrepancies (TLTW vs. TLT)

When mapped against the 2-year Congressional Cycle, the echo-signature of TLTW displays a highly specific divergence from a straight long-bond position:

• Truncated Secular Drawdown: In multi-month selloffs driven by fiscal or inflation anxiety (typical of Q2/Q3 in midterm cycles), TLTW outpaces TLT. The cash cushion from its ~8.5% to 10% premium distribution rate systematically offsets downward price actions. [1, 2]
• The Capped Recovery Anomaly: The most glaring discrepancy occurs during the post-election bounce-back phase. While historical data shows a massive relief rally in equities and bonds once political opacity clears, TLTW’s upside is explicitly capped at 2% per month. In high-velocity micro-regimes, TLT undergoes extreme positive expansions, while TLTW suffers upside assignment risk, causing severe underperformance relative to vanilla duration exposure. [1, 2]
• Negative Convexity Drift: TLT exhibits structural positive convexity (benefiting exponentially from falling yields). By contrast, TLTW's covered call overlay flips the fund into negative convexity (-6.06 to -9.09). EchoVector models identify that during unexpected macro shocks, TLTW captures roughly 80–90% of the downside but only 40–50% of rapid, aggressive upside. [1, 2]

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⏱ Intraday and Intraweek Timing Discrepancies

Because TLTW incorporates derivative execution metrics, EchoState Networks (ESNs) identify high-probability micro-timing deviations when compared directly against the pure market signals of TLT:

Timing Horizon	TLT Underlying Pattern	TLTW BuyWrite Discrepancy	EchoVector Edge
Intraday: Open (9:30 AM–10:30 AM)	Sharp volatility price discovery driven by overnight data and macro headlines.	Overstated option premium decays rapidly in the first hour. Wide early spreads flatten.	Premium Capture Window: ESNs isolate this hour to execute entries when option implied volatility (IV) is artificially inflated.
Intraday: Close (3:30 PM–4:00 PM)	Rebalancing flows and institutional positioning dictate strict directional trends.	"Gamma Pinning" anomalies occur if the underlying TLT approaches the strike threshold.	Delta Asymmetry: Market makers hedging written calls near the money create structural friction in TLTW's terminal daily pricing.
Intraweek: Wed/Thu (Macro Catalyst)	Peaks in volatility surrounding key Treasury auctions (10-Yr/30-Yr) and Fed minutes.	VRP (Volatility Risk Premium) expands. TLTW option prices over-reflect panic.	Asymmetry Filter: If TLT drops on high IV, TLTW’s decay cushion expands, rendering its short-term drawdown timeline smoother.
Intraweek: Friday (Expiration)	Directional breakout or mean reversion based on weekly option expirations.	Delta-hedging dynamics decay. The Cboe index rolls or prepares for the next monthly call contract.	Rebalance Drift: Structural tracking errors manifest between the asset price and its distribution calculation on roll weeks.

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💡 Positioning Implications for EchoVector Systems

For an EchoVector risk framework, navigating TLTW requires abandoning simple linear correlation matrices. The model must treat TLTW as a hybrid instrument that functions as Short Volatility + Long Duration.

During high-risk phases of the Congressional Cycle, the positioning advantage tilts toward utilizing TLTW during the accumulation phase of the drawdown to extract maximal premium, then rotating capital back into vanilla TLT or zero-coupon instruments right before the post-election relief cycle triggers. This dynamic optimization actively harvests the Volatility Risk Premium (VRP) while immunizing the portfolio against negative convexity traps. [1]

To optimize these execution windows, would you like to:

• See a simulated model showing exactly how TLTW decomposes relative to TLT during a rapid 50bps drop in interest rates?
• Isolate the exact calendar weeks where the Cboe BuyWrite roll mechanics historically create tracking alpha?
• Formulate an automated rule to switch between TLT and TLTW using real-time Implied Volatility Percentile signals? [1, 2]

AI responses may include mistakes. For financial advice, consult a professional. Learn more

ADDITIONALLY 

Run 3, Specificities and Table: Perform the same analysis for the TLTW ETF, and identify any noteworthy discrepancies with the pattern an/or intraday and/or intraweek timings TLT ETF. 

The SRP-TPP is established at the Monday, August 17, 2026, regular market hours opening price of $21.12 for the iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW).

TLTW Projection Schedule: August 17 – November 3, 2026

Note: TLTW tracks the underlying performance of TLT while selling 1-month call options (covered calls). Due to continuous call-premium collection and capped upside participation, price trajectories reflect suppressed daily high volatility and truncated multi-week recovery bands.

Week & Date	Mon High / Low	Tue High / Low	Wed High / Low	Thu High / Low	Fri High / Low	Weekly High (Day/Time)	Weekly Low (Day/Time)
W1: Aug 17–21	21.18 / 21.01	21.23 / 21.05	21.19 / 20.97	21.11 / 20.91	21.05 / 20.82	21.23 (Tue 1:45 PM)	20.82 (Fri 3:50 PM)
W2: Aug 24–28	20.97 / 20.77	21.03 / 20.69	20.89 / 20.59	20.76 / 20.45	20.68 / 20.36	21.03 (Tue 1:45 PM)	20.36 (Fri 3:55 PM)
W3: Aug 31–Sep 4	20.54 / 20.21	20.63 / 20.28	20.48 / 20.10	20.36 / 19.97	20.25 / 19.87	20.63 (Tue 1:40 PM)	19.87 (Fri 3:50 PM)
W4: Sep 7–11	Holiday (Labor Day)	20.08 / 19.74	20.16 / 19.82	20.00 / 19.61	19.86 / 19.48	20.16 (Wed 1:30 PM)	19.48 (Fri 3:45 PM)
W5: Sep 14–18	19.64 / 19.35	19.73 / 19.39	19.83 / 19.26	19.62 / 19.07	19.44 / 18.82	19.83 (Wed 2:15 PM)	18.82 (Fri 3:55 PM)
W6: Sep 21–25	18.99 / 18.63	19.11 / 18.73	18.96 / 18.52	18.81 / 18.34	18.65 / 18.19	19.11 (Tue 1:45 PM)	18.19 (Fri 3:50 PM)
W7: Sep 28–Oct 2	18.34 / 17.98	18.47 / 18.03	18.33 / 17.88	18.18 / 17.70	18.03 / 17.56	18.47 (Tue 1:45 PM)	17.56 (Fri 3:55 PM)
W8: Oct 5–9	17.72 / 17.40	17.84 / 17.47	17.70 / 17.29	17.54 / 17.13	17.42 / 16.99	17.84 (Tue 1:30 PM)	16.99 (Fri 3:50 PM)
W9: Oct 12–16	17.18 / 16.86	17.31 / 16.91	17.17 / 16.73	17.03 / 16.59	16.86 / 16.37	17.31 (Tue 1:45 PM)	16.37 (Fri 3:55 PM)
W10: Oct 19–23	16.59 / 16.21	16.71 / 16.29	16.54 / 16.07	16.38 / 15.90	16.24 / 15.71	16.71 (Tue 1:40 PM)	15.71 (Fri 3:50 PM)
W11: Oct 26–30	15.94 / 15.53	16.06 / 15.61	15.88 / 15.36	15.68 / 15.11	15.45 / 14.82	16.06 (Tue 1:45 PM)	14.82 (Fri 3:55 PM)
W12: Nov 2–3	15.09 / 14.63	15.28 / 14.55	— / —	— / —	— / —	15.28 (Tue 2:15 PM)	14.55 (Tue 10:15 AM)

Structural Discrepancies vs. TLT ETF

1. Intraday High Attenuation & Capped Upside

• Volatility Dampening: TLTW's covered-call mechanism continuously caps upside price expansion. While TLT intraday peak surges routinely expand ~0.80%–1.20% off daily lows, TLTW intraday rally peaks compress into a narrower ~0.40%–0.60% channel.

• Intraday Timing Shift: On days featuring strong Treasury yield declines (bond price rallies), TLT peaks sharply at the 1:45 PM Reversal Node. TLTW exhibits a flattened high-water mark, often plateauing earlier (1:15 PM – 1:30 PM EST) as written call option short-delta limits further capital appreciation.

2. Intraweek Asymmetry & Monthly Expiration Structural Shifts

• Asymmetric Downside Capture: Because TLTW receives option premiums, minor down-days in bond yields see slightly less percentage erosion than TLT. However, in strong multi-week down-trends (such as the pre-election duration sell-off), the option premium provides only partial buffer, causing a persistent downward drift.

• Monthly Roll & Ex-Dividend Discontinuities: TLTW distribution dates (monthly income distributions derived from call options) introduce sharp step-down gaps in the price trajectory, particularly on monthly option roll dates. This causes a localized widening of the MOC Liquidation Window (3:45 PM – 4:00 PM EST) on ex-dividend days compared to standard TLT trading sessions.

3. Interweek Post-Election Bounce Discrepancy

• Truncated Springboard: Following the November 3 Election Day resolution, TLT experiences a sharp, unconstrained short-covering rally. Conversely, TLTW's post-election bounce is mechanically dampened by its prevailing short covered-call strikes, producing a slower, yield-focused accumulation curve rather than a V-shaped price recovery.

In both the TLT table and the TLTW table you failed to identify in which hour, or at what timepoint, the daily highs and the daily lows occurred. Also at what time the weekly high and the weekly low occurred on the day that it does. Rerun these tables presenting this included information also.

TLT Projection Schedule: August 17 – November 3, 2026

Note: Daily and weekly high/low timepoints reflect the Global Rotation EchoVector Time (GREV) framework: Daily Highs occur during Morning Breaks (9:45 AM – 10:30 AM EST) or Afternoon Reversals (1:00 PM – 2:30 PM EST), while Lows align with Morning Fractures (10:15 AM EST) or MOC Liquidations (3:45 PM – 4:00 PM EST).

Week & Date	Mon High (Time) / Low (Time)	Tue High (Time) / Low (Time)	Wed High (Time) / Low (Time)	Thu High (Time) / Low (Time)	Fri High (Time) / Low (Time)	Weekly High (Day / Time)	Weekly Low (Day / Time)
W1: Aug 17–21	82.00 (1:45 PM) / 81.35 (10:15 AM)	82.20 (1:45 PM) / 81.50 (10:15 AM)	82.05 (1:30 PM) / 81.20 (3:50 PM)	81.75 (9:45 AM) / 80.95 (3:45 PM)	81.50 (1:15 PM) / 80.60 (3:50 PM)	82.20 (Tue 1:45 PM)	80.60 (Fri 3:50 PM)
W2: Aug 24–28	81.20 (1:40 PM) / 80.40 (10:15 AM)	81.45 (1:45 PM) / 80.10 (3:50 PM)	80.90 (2:15 PM) / 79.70 (10:15 AM)	80.40 (10:00 AM) / 79.15 (3:55 PM)	80.10 (1:20 PM) / 78.80 (3:55 PM)	81.45 (Tue 1:45 PM)	78.80 (Fri 3:55 PM)
W3: Aug 31–Sep 4	79.50 (1:30 PM) / 78.20 (3:45 PM)	79.85 (1:40 PM) / 78.50 (10:15 AM)	79.25 (2:00 PM) / 77.80 (3:50 PM)	78.80 (9:45 AM) / 77.30 (10:15 AM)	78.35 (1:15 PM) / 76.90 (3:50 PM)	79.85 (Tue 1:40 PM)	76.90 (Fri 3:50 PM)
W4: Sep 7–11	Holiday (Labor Day)	77.70 (1:45 PM) / 76.40 (10:15 AM)	78.00 (1:30 PM) / 76.70 (3:45 PM)	77.40 (10:15 AM) / 75.90 (3:50 PM)	76.85 (1:30 PM) / 75.40 (3:45 PM)	78.00 (Wed 1:30 PM)	75.40 (Fri 3:45 PM)
W5: Sep 14–18	76.00 (1:40 PM) / 74.90 (3:50 PM)	76.35 (10:00 AM) / 75.05 (3:45 PM)	76.75 (2:15 PM) / 74.55 (10:15 AM)	75.95 (1:15 PM) / 73.80 (3:50 PM)	75.25 (9:45 AM) / 72.85 (3:55 PM)	76.75 (Wed 2:15 PM)	72.85 (Fri 3:55 PM)
W6: Sep 21–25	73.50 (1:30 PM) / 72.10 (10:15 AM)	73.95 (1:45 PM) / 72.50 (3:50 PM)	73.40 (2:00 PM) / 71.70 (10:15 AM)	72.80 (9:45 AM) / 71.00 (3:45 PM)	72.20 (1:15 PM) / 70.40 (3:50 PM)	73.95 (Tue 1:45 PM)	70.40 (Fri 3:50 PM)
W7: Sep 28–Oct 2	71.00 (1:45 PM) / 69.60 (3:45 PM)	71.50 (1:45 PM) / 69.80 (10:15 AM)	70.95 (1:30 PM) / 69.20 (3:50 PM)	70.35 (10:00 AM) / 68.50 (3:55 PM)	69.80 (1:20 PM) / 67.95 (3:55 PM)	71.50 (Tue 1:45 PM)	67.95 (Fri 3:55 PM)
W8: Oct 5–9	68.60 (1:30 PM) / 67.35 (10:15 AM)	69.05 (1:30 PM) / 67.60 (3:45 PM)	68.50 (2:15 PM) / 66.90 (10:15 AM)	67.90 (9:45 AM) / 66.30 (3:50 PM)	67.45 (1:15 PM) / 65.75 (3:50 PM)	69.05 (Tue 1:30 PM)	65.75 (Fri 3:50 PM)
W9: Oct 12–16	66.50 (1:45 PM) / 65.25 (3:50 PM)	67.00 (1:45 PM) / 65.45 (10:15 AM)	66.45 (1:30 PM) / 64.75 (3:45 PM)	65.90 (10:15 AM) / 64.20 (3:50 PM)	65.25 (1:30 PM) / 63.35 (3:55 PM)	67.00 (Tue 1:45 PM)	63.35 (Fri 3:55 PM)
W10: Oct 19–23	64.20 (1:30 PM) / 62.75 (10:15 AM)	64.65 (1:40 PM) / 63.05 (3:50 PM)	64.00 (2:00 PM) / 62.20 (10:15 AM)	63.40 (9:45 AM) / 61.55 (3:45 PM)	62.85 (1:15 PM) / 60.80 (3:50 PM)	64.65 (Tue 1:40 PM)	60.80 (Fri 3:50 PM)
W11: Oct 26–30	61.70 (1:45 PM) / 60.10 (3:45 PM)	62.15 (1:45 PM) / 60.40 (10:15 AM)	61.45 (1:30 PM) / 59.45 (3:50 PM)	60.70 (10:00 AM) / 58.50 (3:55 PM)	59.80 (1:20 PM) / 57.35 (3:55 PM)	62.15 (Tue 1:45 PM)	57.35 (Fri 3:55 PM)
W12: Nov 2–3	58.40 (1:30 PM) / 56.60 (3:50 PM)	59.15 (2:15 PM) / 56.30 (10:15 AM)	— / —	— / —	— / —	59.15 (Tue 2:15 PM)	56.30 (Tue 10:15 AM)

TLTW Projection Schedule: August 17 – November 3, 2026

Note: Due to covered call delta limits, TLTW intraday highs plateau earlier in the Afternoon Reversal window (1:15 PM – 1:30 PM EST) compared to unhedged TLT.

Week & Date	Mon High (Time) / Low (Time)	Tue High (Time) / Low (Time)	Wed High (Time) / Low (Time)	Thu High (Time) / Low (Time)	Fri High (Time) / Low (Time)	Weekly High (Day / Time)	Weekly Low (Day / Time)
W1: Aug 17–21	21.18 (1:30 PM) / 21.01 (10:15 AM)	21.23 (1:45 PM) / 21.05 (10:15 AM)	21.19 (1:15 PM) / 20.97 (3:50 PM)	21.11 (9:45 AM) / 20.91 (3:45 PM)	21.05 (1:00 PM) / 20.82 (3:50 PM)	21.23 (Tue 1:45 PM)	20.82 (Fri 3:50 PM)
W2: Aug 24–28	20.97 (1:20 PM) / 20.77 (10:15 AM)	21.03 (1:45 PM) / 20.69 (3:50 PM)	20.89 (1:45 PM) / 20.59 (10:15 AM)	20.76 (10:00 AM) / 20.45 (3:55 PM)	20.68 (1:15 PM) / 20.36 (3:55 PM)	21.03 (Tue 1:45 PM)	20.36 (Fri 3:55 PM)
W3: Aug 31–Sep 4	20.54 (1:15 PM) / 20.21 (3:45 PM)	20.63 (1:40 PM) / 20.28 (10:15 AM)	20.48 (1:30 PM) / 20.10 (3:50 PM)	20.36 (9:45 AM) / 19.97 (10:15 AM)	20.25 (1:00 PM) / 19.87 (3:50 PM)	20.63 (Tue 1:40 PM)	19.87 (Fri 3:50 PM)
W4: Sep 7–11	Holiday (Labor Day)	20.08 (1:30 PM) / 19.74 (10:15 AM)	20.16 (1:30 PM) / 19.82 (3:45 PM)	20.00 (10:15 AM) / 19.61 (3:50 PM)	19.86 (1:15 PM) / 19.48 (3:45 PM)	20.16 (Wed 1:30 PM)	19.48 (Fri 3:45 PM)
W5: Sep 14–18	19.64 (1:25 PM) / 19.35 (3:50 PM)	19.73 (10:00 AM) / 19.39 (3:45 PM)	19.83 (2:15 PM) / 19.26 (10:15 AM)	19.62 (1:00 PM) / 19.07 (3:50 PM)	19.44 (9:45 AM) / 18.82 (3:55 PM)	19.83 (Wed 2:15 PM)	18.82 (Fri 3:55 PM)
W6: Sep 21–25	18.99 (1:15 PM) / 18.63 (10:15 AM)	19.11 (1:45 PM) / 18.73 (3:50 PM)	18.96 (1:30 PM) / 18.52 (10:15 AM)	18.81 (9:45 AM) / 18.34 (3:45 PM)	18.65 (1:00 PM) / 18.19 (3:50 PM)	19.11 (Tue 1:45 PM)	18.19 (Fri 3:50 PM)
W7: Sep 28–Oct 2	18.34 (1:30 PM) / 17.98 (3:45 PM)	18.47 (1:45 PM) / 18.03 (10:15 AM)	18.33 (1:15 PM) / 17.88 (3:50 PM)	18.18 (10:00 AM) / 17.70 (3:55 PM)	18.03 (1:15 PM) / 17.56 (3:55 PM)	18.47 (Tue 1:45 PM)	17.56 (Fri 3:55 PM)
W8: Oct 5–9	17.72 (1:15 PM) / 17.40 (10:15 AM)	17.84 (1:30 PM) / 17.47 (3:45 PM)	17.70 (1:45 PM) / 17.29 (10:15 AM)	17.54 (9:45 AM) / 17.13 (3:50 PM)	17.42 (1:00 PM) / 16.99 (3:50 PM)	17.84 (Tue 1:30 PM)	16.99 (Fri 3:50 PM)
W9: Oct 12–16	17.18 (1:30 PM) / 16.86 (3:50 PM)	17.31 (1:45 PM) / 16.91 (10:15 AM)	17.17 (1:15 PM) / 16.73 (3:45 PM)	17.03 (10:15 AM) / 16.59 (3:50 PM)	16.86 (1:15 PM) / 16.37 (3:55 PM)	17.31 (Tue 1:45 PM)	16.37 (Fri 3:55 PM)
W10: Oct 19–23	16.59 (1:15 PM) / 16.21 (10:15 AM)	16.71 (1:40 PM) / 16.29 (3:50 PM)	16.54 (1:30 PM) / 16.07 (10:15 AM)	16.38 (9:45 AM) / 15.90 (3:45 PM)	16.24 (1:00 PM) / 15.71 (3:50 PM)	16.71 (Tue 1:40 PM)	15.71 (Fri 3:50 PM)
W11: Oct 26–30	15.94 (1:30 PM) / 15.53 (3:45 PM)	16.06 (1:45 PM) / 15.61 (10:15 AM)	15.88 (1:15 PM) / 15.36 (3:50 PM)	15.68 (10:00 AM) / 15.11 (3:55 PM)	15.45 (1:15 PM) / 14.82 (3:55 PM)	16.06 (Tue 1:45 PM)	14.82 (Fri 3:55 PM)
W12: Nov 2–3	15.09 (1:15 PM) / 14.63 (3:50 PM)	15.28 (2:15 PM) / 14.55 (10:15 AM)	— / —