Bought Sept. 11-$85 for $3.75 just purchased 1 contract any thoughts if this was on ok choice from all the wise minds on this board...I have never bought a CAT option and in this market kinda makes me bones shake!LOL
If you r new to the option game, this market will brake u. U need a nerves of steel, no emotions and the will to pull the trigger win or lose (hence the emotion comment). I buy 10 contracts at a time to make it worth it, but if u r scared sh!tless with 1 contract, try deep in the money 10 contracts ;-) Don't think long term, think very short term. The time to buy and hold, even great companies like CAT, is very far from here... GL
I am new to the option game but not buying enough to break me just trying to get a feel for how the options market moves. I have been in the stock market for 20 years just havent had an interest in options until now...I will pay close attention to your advice and not get in to deep BUT it's my experience August is typically a terrible month unless you are setting up new positions for the next year which is what I am trying to do!
I appreciate all the advice! Good luck to us tomorrow it appears the futures are down but that can change on a dime!