April 2, 2013

Caterpillar (CAT)


We are closing our CAT trade now at $2.80 we initially got in for $2.31 this is a 21% profit.


BUY To CLOSE 2 CAT Apr-20 85 Puts trading at $1.70
SELL To CLOSE 2 CAT May-18 87.5 Puts trading at $4.50


CAT is now trading at $84.75
This spread is now trading at $2.80
The Total Credit for this trade is $5.60

Day Order Only

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