Ticker: CAT
Price: $210.57
Date: 4/27/23 1:50 pm
Underlying: Caterpillar

Master Portfolio Contracts: 10

Notes: add a calendar spread.  This will allow us to at least have a chance to recover some of the trade. There is a strong support level at 210 going back years.

Trade Detail:

BTO the 16 JUN 210 put
STO the 19 MAY 210 put

Debit of around 2.65

Position After Trade Detail:

-10 CAT 12-MAY 235 put
+10 CAT 16-JUN 230 put
+10 CAT 16-JUN 210 put
-10 CAT 12-May 210 put