2013-09-10 Free Trade of the Day (CAT)

Posted on September 10th, by Mitchell Warren in Free Articles, Options Risk Management, Trade Ideas. Comments Off on 2013-09-10 Free Trade of the Day (CAT)

 Free Trade of the Day

Caterpillar (CAT)


Notes: If Caterpillar (CAT) shares close lower tomorrow, consider the options trade idea below.

Caterpillar (CAT) Options Trade Idea

Buy the (CAT) Oct. $80/$82.50/$85 Put Butterfly for a $0.45 debit or better

(Buy 1 Oct. $80 Put, sell 2 Oct. $82.50 Puts, and buy 1 Oct. $85 Put, all in one trade)

Stop loss- None

Upside target- $1.50

Updates: American Express (AXP) shares gapped above the resistance level we highlighted yesterday, so the options trade idea was scratched.

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