CAT follows my China/Macau Recovery Theme and it's too expensive for me to run an options trade. CAT similar to LVS, was showing independent price movement from the broad market drops we have seen starting on the 15 Feb.
Increasing Annual Rev
Increasing Quarterly Rev
1.62% Short Interest
Trade closed manually
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Closed this at a loss of -6627 as my hypothesis was no longer valid and there was no point holding and hoping.
CAT no longer holds the hypothesis I originally had on China’s opening as is has been overwhelmed by the housing issues tied to the tightening of bank’s loan policies to do the recent collapse of the banking system