Seeking Alpha
  • J Mintzmyer
    Short $CATM-- Wrote a bear call credit spread ($30/$40) for Dec14 to finance 3.3x $25 puts for Dec14. This stock should be sub-$20 soon!
    May 27, 11:18 AM
    Reply (7)
    • jsIRA: What do you mean 3.3x?
      May 27, 12:01 PM
    • J Mintzmyer: sold 3 spreads, bought 10 puts.
      May 27, 12:08 PM
    • jsIRA: thanks. CATM is indeed overvalued at current price.
      May 27, 12:13 PM
    • J Mintzmyer: Extremely under-followed. Stupidly so.
      May 27, 12:31 PM
    • 360NoviceInvestor: I am looking to buy some puts on CATM but the spread is very wide... trying to decide what would be the best option.
      May 28, 10:06 AM
    • J Mintzmyer: I sold $30 calls and bought $40s as insurance-- $25s were going for $1.10 at that time... I think $20 is very likely.
      May 28, 12:03 PM
    • J Mintzmyer: I'll probably hold my puts until $4-$5 if nothing changes.
      May 28, 12:04 PM