CAT Put Entry

I am buying 30 Mar 92.5 puts on CAT for $2.50.  Looking to use today’s high as a stopping point giving me about 30% risk barring a major gap higher.  Since I’d like a bit more exposure to a potential market pullback than SDS, I am using the underperforming CAT that is still trading below its 7 day moving average.

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Posted on March 5, 2013, in Jeffs 3k-100k. Bookmark the permalink. Leave a comment.

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