Adjust CAT Trade!

To manage the risk in this trade, roll the put spread down and out. This will “lock in” a loss, increase opex probabilities, keep us in the trade a month longer, and help reduce risk of a large loss.

This is a rolling trade, so don’t open the new spreads until after the old spreads are closed out.

Buy to Close CAT Jul 140/135 Put Spread @3.17

Sell to Open CAT Aug 125/120 Put Spread @0.86

WHEN FILLED

Buy to Close CAT Aug 125/120 Put Spread @0.16

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