yodi, thanks, I see now this is fundamentally a long play, or at least a stability play, you are just pre-selling the OTM calls due to excitement? can you tell me, though, where do you need CAT to be by March for this to be profitable? I guess as long as you stay somewhere between 87.5 and 92.5 or so, but there is risk from a bigger move either to the up or the downside? You are playing this because looking at the chart, it seems CAT has been trading in a channel?
January 27th, 2014 at 11:01 am
yodi, thanks, I see now this is fundamentally a long play, or at least a stability play, you are just pre-selling the OTM calls due to excitement? can you tell me, though, where do you need CAT to be by March for this to be profitable? I guess as long as you stay somewhere between 87.5 and 92.5 or so, but there is risk from a bigger move either to the up or the downside? You are playing this because looking at the chart, it seems CAT has been trading in a channel?
Thanks again