March 11, 2013

Caterpillar (CAT)


Bias: Bullish
Price Target: $95-$97.5

We are bullish on CAT and want to purchase a backspread in order to take advantage of a possible move higher.


SELL To OPEN 4 Apr-16 CAT 92.5 Calls trading at $1.74
BUY To OPEN 12 Apr-16 CAT 95 Calls trading at $0.87

CAT is now trading at $91.52
This spread is now trading at $0.78
The Total Debit of this trade is $3.12


Day Order Only

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