CLOSING THE $CAT OptionsAction trade #2 - scott

6/15 - didnt turn out to help this viewer if they held to opex..hopefully they were able to take some profits when it dipped under 85...didnt expect an update but per my guidelines for tracking the on-air trades im booking this one as full loss at opex. scotts onair trades in google docs spreadsheet

------------------------------------------------------------------------------------------------------------------

5/18 - scott answers viewer email about CAT on the OptionsAction web extra , here is the video CAT trade.. scott recommends a Put spread

Buy the June 85/80 put spread for $1.25

google docs spreadsheet for all of Scotts trades: scott spreadsheet

Was amused by his comments that he did not want to risk a lot to make a little even though he just featured a credit call spread few days ago on CAT where he risked $3.10 to make $1.90.. this is an ok trade if you have a bearish thesis, could be right if it breaks this support level its testing now.


follow me on twitter @mark_lexus for more free setup , trades and charts