MamaCash 6:58 am on Thursday, July 12, 2018

INFY CAT earnings momentum

Bot INFY Jul20 20c @ .37 average price. Sold @ .40 one day before earnings report.
Bot first layer of CAT Aug3 144c @ 1.75.

Addy 7:49 am on Thursday, July 12, 2018

what do you men by first layer? is the number of options 1-2? or the price or both?
- MamaCash 7:54 am on Thursday, July 12, 2018
  
  Just my terminology for building a position slowly. I have a max amount I’m willing to allocate to these trades. I often start with 25% of max position and then add layers on pullbacks if I get them. You’ll see me use the words layers and rounds. Rounds are when I close a position for profit and add another round.
  - Addy 7:57 am on Thursday, July 12, 2018
    
    Very good, thanks

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