claypuzzle

CAT bear call spread

Short
NYSE:CAT   Caterpillar

CAT bear call spread

CAT rally up into an 1h liquidity shelf 232-234 RBD origin supply zone.
At the time, it looked good as I got the alert.
Sold 237.50 calls with 240 bought.
3 DTE, 22% ROI
Now that I look at it doing this write up, the Apr 29 opening candle was a liquidity spike search up at the open.
I should've waited until above 234.70 and sold the 240 strike.
I did my best to structure the trade behind all the March and April spike highs.
So market must break the range and hold it up there to get me.
Hopefully buyers run out of steam in the 233 range and sellers start to exert again to give me a push lower into Friday
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