Tuesday, May 7, 2013

Options Trade - CAT

I decided to close out one of my CAT puts from February.  I'm already long CAT and would like to buy more and plan to continue selling puts on weakness.  I still have another CAT put open that I plan to hold until expiration.

I bought-to-close 1 CAT Aug 17 '13 $85 Put @ 2.9 ($290).  The original put was sold @ 4.0 ($400).  I earned $110 before commissions in 2 1/2 months.  

I currently have 14 open options positions and a total options profit of $2367 for 2013.  My options page has been updated accordingly.

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