Nice to see you back. I gave up on the CAT backratios because CAT hasn't been going down or staying flat! ! For several months I have been buying a 3x $5 spread and selling 3x puts…netting $700-$750 max on the 3x spread. For Jun and July I switched to a $2.5 spread. Example JUN 95/97.5 BCS with $95 put net cost .36. Put out $118 for the 3x play that returns $750.
April 29th, 2014 at 1:55 pm
YODI
Nice to see you back. I gave up on the CAT backratios because CAT hasn't been going down or staying flat! ! For several months I have been buying a 3x $5 spread and selling 3x puts…netting $700-$750 max on the 3x spread. For Jun and July I switched to a $2.5 spread. Example JUN 95/97.5 BCS with $95 put net cost .36. Put out $118 for the 3x play that returns $750.
Playing around… a good run. THX