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