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Tiered Butterfly Trade in CAT

Home › Forums › Income Trades › Tiered Butterfly Trade in CAT

  • This topic has 1 reply, 1 voice, and was last updated 8 years, 1 month ago by Steven Place.
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  • April 24, 2014 at 1:34 pm #2175
    Steven Place
    Keymaster

    The stock is gapping up on earnings, I’m expecting a consolidation and a potential drift higher.

    Here’s what I like– this is only 1/3rd of planned position:

    Sell CAT Jun 105/100 bull put spread for 1.60
    Sell CAT Jun 105/110 bear call spread for 1.95

    If CAT Sees sees a move to 108 or 102 we will add to the trade.

    Target is 20% return on risk.

    cat

    May 12, 2014 at 10:06 am #2176
    Steven Place
    Keymaster

    We’ve hit our 20% target in CAT, time to exit out of the trade.

    cat

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