Trade Adjustment CAT 9-28-16 Posted 2:59 EDT

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I’m not sure what got into CAT today but it has really zoom higher in out favor. However we are short the OCT 85 calls and of course, they are being attacked.

I personally plan to continue to hold the short calls until tomorrow to see if the stock pulls back. If it does continue higher tomorrow I would suggest selling it right away. You, of course,could exit the OCT 85 calls at anytime you choose. Without the short calls, the long NOV calls would have a nice 22% overall gain the position so far.

So you decide, get out now or wait until tomorrow to see if the stock pulls back for a better price on the exit.

Trade Wisely,

Doug

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Trade Sheet Updates 9-26-16 Posted at 8:50 EDT

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The morning gap up Friday sold off the entire day filling the gap from the day before.  Our trade on AAPL was stopped out which is a bummer but with the gap down we are seeing on Monday morning getting out soon may turn out to be a blessing.

The attempted trade on EXPE did not fill on Friday and will not be re-entered on Monday due to the market conditions.  For now, it’s important we hold on to our profits from this month and wait for new trades to come to us.

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