One stock being hammered in Caterpillar Stock (CAT). The stock collapses $5.54 on Thursday and closed at $135.80.
A number of investors emailed me who are short put positions in the stock. Let’s look at a typical question and then some repair ideas.
I sold 10 CAT oct 19 142 strike @ .52.
Today it took a significant drop and is now trading at 135.54.
Earnings are on Oct. 23rd.
Was wondering what you would do in this situation for a rescue and repair?
This strategy article is for FullyInformed members.
Repairing Caterpillar Stock (CAT) Trade Caught In The Plunge – Oct 19 2018
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