Caterpillar beat earnings in the last quarter and the stock had a nice pop. I decided to take advantage and close out my put I had sold. With the pending debt ceiling and some weakness in the markets, I thought this was a good opportunity to close out.
The original trade:
10/24/13 Sold 1 CAT May 17 ’14 $82.50 Put @ 5.03; posted here
Closing trade:
01/31/14 BTC 1 CAT May 17 ’14 $82.50 Put @ 1.22
I earned $381 in options premiums from this trade in only 3 months.
I currently have 10 open options positions.
My options page has been updated accordingly.
Great move AAI. Options money is some of the best, provided you understand what you’re doing. You clearly do. Bravo
-Bryan
FW,
Thanks, I figured it was a good time to take some money off the table with CAT and put it to use somewhere else. I made a big profit last year with a relatively small account so options are certainly going to stay as a compliment to my DG portfolio.
Thanks for stopping by!
Nice move on the CAT put. Looks like you’re up to your old tricks. I STO 2 puts today one on PM and one on KO. Even if they’re put to me the entry prices will be pretty good, but I expect I’ll close these out early.
Nice job, I’ll check your page for those trades. I have three open already for KO and have been looking for the right entry on a PM put. That’s the great thing about sticking to stocks we want to own anyways, either way things turn out could be good.
Cheers