Sell Alert: Take Profits On Caterpillar Put Spread

In our June 9 portfolio update, we mentioned that CAT had drifted higher on no material developments other than a return of risk appetite. That risk appetite vanished on June 10, and the stock has sold off sharply. We are early into our max holding period through August expiration and already have an excellent return. Now is a good time to exit this position.

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Dan Amoss

Dan Amoss, CFA, tracks aggressive accounting and other red flags that markets miss. He’s a student of the Austrian School of economics and Daily Reckoning fan since 2000. Agora Financial relies on Dan for macro market commentary as well as profitable plays like his 2008 call to readers to buy Lehman Bros. puts, which...

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