SHORT CAT/ BUY CAT 8/18/23 280 PUT
Caterpillar, the industrial equipment company is having a massive day up over 8%, and up for the third straight day in a row. We have a situation where an old blue chip stock is being bought like a brand new tech stock which can only mean that old funds have a burn notice to be long this stock today. Stock making multi month highs on good news and getting very stretched here with STT resistance levels right at current levels equals a good set up.
1 Star trade last hour.
