Alert: Adjustment – CAT Time Twister

Ticker: CAT
Price: $233.18
Date: 3/10/23 12:50 pm
Underlying: Caterpillar

Est. Net Credit: $1300

Master Portfolio Contracts: 10

Notes: CAT sold off with the rest of the market.  We need to adjust the CAT Time Twister.  Prices are moving.  Place the order, be patient, and adjust.  

Trade Detail:

Trade Action 1:
STO 10x 24-MAR 240 call
BTO 10x 24-MAR 245 call
Price: 1.30 credit

No additional margin required

Trade Position After Adjustment:

+5x 31 MAR 250 call
-5x 24 MAR 250 call
-10x 24 MAR 240 put
+10x 24 MAR 230 put

-10x 24-MAR 240 call
+10x 24-MAR 245 call