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Reallifetrading
Aug 25, 2016 9:13 PM

CAT bear call spread Short

NYSE:CAT1W
Caterpillar, Inc.NYSE

Description

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86.50 / 87.50 bear call spread .12 limit
This is above the 200 SMA on the weekly. Trend does look bullish (short term) but appears we're in a small wave 4
I'm neutral to short. Looks like it needs a rest and I could leg into a BPS on the pull back.
bearcallspreadcreditspread
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