Hamzei_Analytics · @HFT_StockOption
26th Mar 2013 from TwitLonger
March 26, 2013
Caterpillar (CAT)
Bias: Bearish
Price Target: $83
We are bearish on CAT and believe that the possibility of further selling acceleration is favorable. We want to purchase a Put diagonal to take advantage of the potential move lower.
SELL To OPEN 2 CAT 85 Apr-20 Puts now trading at $1.04
BUY To OPEN 2 CAT 87.5 May-18 Puts now trading at $3.35
CAT is now trading at $86.95
This spread is now trading at $2.31
The Total Debit of this spread is $4.62
Day Order Only