Seeking Alpha
  • Ocean Man
    Pair trade in the pre: Long $FB at $42.73, short $CAT at $87.20.
    9/17/13
    Reply (10)
    • Optionstrader7: bought $FB @ 42.49
      9/17/13
    • dc984: I'm in too. What's the rationale here guru?
      9/17/13
    • Ocean Man: Added to FB at 42.51. My indicators say FB bounce, CAT based on China falling 2% last night and top of recent trading range.
      9/17/13
    • Ocean Man: Pairing one long and one short insulates you from market movements somewhat.
      9/17/13
    • neobliviscar: Agree with $CAT logic and sold the $CAT 87.5 Sept Calls for the steal of $1050 premium
      9/17/13
    • Optionstrader7: sold $FB $ 43.30, it may go higher, but not going to be greedy. Nice way to start the trading day. Tip of the cap to you OM!
      9/17/13
    • Ocean Man: Congrats guys, that was a nice quick bounce! I'm out of FB at 43.30 too, holding CAT.
      9/17/13
    • dc984: In at 86.67. late to the party :( :(
      9/17/13
    • happy_cz: Wow OM, congrats! Wondering how did you know?
      9/17/13
    • Ocean Man: The idea was solid, too bad I traded it like an amateur.
      9/17/13