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
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.