Caterpillar, Inc. CAT – Update
After having some success earlier in the week with some higher priced CAT options, we observed a course correction, and yesterday informed readers that we would be rolling our strike prices down to the CAT Weekly $143-145 Calls.
It’s a good thing that we did, too, because we saw some excellent intraday gain opportunities off of those ideas after the session commenced:
$143 Calls – Range: 1.82-5.05 – Max Gain: 177%
$144 Calls – Range: 1.49-4.20 – Max Gain: 182%
$145 Calls – Range: 1.02-3.40 – Max Gain: 233%
Fresh Options Ideas:
Chipotle Mexican Groll Inc. CMG Weekly $380-385 Calls
Facebook, Inc. FB Weekly $165-172.50 Calls
Spectrum Global Solutions, Inc. SGSI
We tagged SGSI along with its news yesterday morning, and the stock performed very well as a result. Those PRs alluded to some exciting things happening for the company, namely being awarded $1.5M in new contracts, along with a massive share reduction.
SGSI traded in a range from .0055-.0094, for a 71% rip. It was enough fuel to start the fire, now we’re going to want to continue to monitor the situation on the chance that further swing trade opportunities present themselves.
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