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rockgy

Long CAT by Selling June 30 Put Spread 98.5/91.5

Long
Caterpillar (NYSE:CAT)  
rockgy  
NYSE:CAT   Caterpillar
CAT caterpillar
7
0
cat caterpillar
CAT pulled back after gapping up post earning. It started to re-bounce. I would like to long CAT by setting up a Put Spread.

Position:
June 30 Weekly option: -1x98.5 /1x91.5
Premium: $0.96
Max Risk: $604
Breakeven: $97.54
PoP: 73%
Target: 50% of the premium.
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