Tr8dingN3rd

CAT kills a Bear - What happend...

Tr8dingN3rd Updated   
NYSE:CAT   Caterpillar
Initiated this BCS bevor price broke back in the fork again (hint hint hint ;-) )

This is me, being impatient (proof: I'm human).

Because this is a risk defined trade, I leave it on with "hopium" that price come back again, below my strike of 90 (...LOL...good one Dude...).

Meanwhile I sell some puts to reduce some of my loss.

Next...

P!
Comment:
Maybe I'm lucky and the CAT runs back into to the house and sleeps for a while, so I can close the position as a winner.

Selling Puts against such bad going positions pays out.
Comment:
Gee... Sell Put, sell Put...Sell put... hey - this is hard work §8-)
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.