CLOSING $CAT OptionsAction "Extra Offering" trade - Enis

17 aug - stock pinned to 90 today so the other half of the put spread will expire worthless.. good trade managment by taking some profits along the way, getting his cost back so it will be a no loss trade..bad part is he let the remainder of his position erode away and not get anything for it...so essentially a breakeven trade.

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16july - Enis talking profits on half this position per the risk reversal website, risk reversal .. so got his money back..will be a no loss trade going forward

Selling half the aug85/75 put spread at $4.60

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25may - this might be a new segment similar to the Web Extra with Jackie Deangelis having the duty this time with Enis from Risk Reversal, here is the video clip for todays segment with Enis having a Put Spread on Caterpillar Extra Offering clip . Guess they need to do something since Scott never contributes a trade on the show. google docs spreadsheet for Enis' on-air trades-->> spreadsheet

Buy the Aug 85/75 Put Spread for $2.35 ($235 per lot)

Enis has a bearish thesis and also said you can use this if you are long as a hedge. CAT testing support level from late 2011, if it breaks that level this trade will work well.. Dan at Risk Reversal usually will take profits on half the position to get the cost back and let the rest run, so Enis will likely do the same thing. CAT seems to be a proxy to China growth, so moves up and down based on what the flavor of the day is on china, slowing or not slowing. August opex gives you plenty of time to be right. Risk less to make more.

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