CSTR has recovered most of the lost ground for the day.
The NOV 65 calls (purchased at 0.75) are now bid at 1.05 and ask at 1.15
The Dec 65 calls (purchased at 1.94) are now bid at 2.35 and ask at 2.50.
CAT, of course, is trading higher. But a very important lesson is not to complain about making money. Don't let the fact that you decided to sell and make a profit cloud your judgment next time around. You can always get back into the position if the opportunity is there.
The market is strong. However, a lot of my patterns might be approaching peaks - can't say if it will be next week or next month, but it goes without saying that be careful out there. We may see a wave 5 out there, which would mean strong move to the upside in a short amount of time before the peak is hit. The question is whether I will have the courage to short the market when the time comes...
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