Why, would the best year in their 90 year history caused them to drop again. I guess 95 is not out of the question, but if it doesn't go there now with Gov stalemate, why would you think later, surely you don't expect to get lucky again, with expenditure causing a 2 cent eps miss.
short gold? Are you expecting fiduciary responsibility out of our gov't? The only positive coming up is an increase to our debt ceiling, and if that's bad for gold, I'm doing everything backwards
I love CAT for longterm but short term I bought Dec 105 put for $4.20. I will going long when CAT turn up may be $112. good luck to us :-). I also bought put on DE, JOYG. This is shor term trade only. I will sell the Aug put when I have profit.
phamoptiontrader@yahoo . com
So you're betting that Cat will be below $101 by December. I'm not sure how you draw that conclusion. Hopefully you bought only one contract and the worst that happens is you have to skip a night out and lick a small wound. I'm thinking we'll be north of $135 by year end. GL but I think you're on the wrong side of the trade.
what did you pay?
I thought the premium was high on those when it was 104 this morning.
$110 this week. Who knows. Resistanct is heavy a couple pts before 110. But if the bonerz in DC get their act together, dow should rally