The CAT 4/22 73 puts that were sold as part of the diagonal spread expired worthless, leaving us net long the CAT May 75 puts for a net cost of 1.25.
These puts closed at 1.45 on Monday, let’s offer them at 1.60 Good Until Cancelled and see if we can grab a 28% gain.
CLOSE OUT
Sell to close the CAT May 75 puts @ 1.60 GTC
These expire 5/20/16
