NaughtyPines

CAT -- POST-EARNINGS PREMIUM SELLING PLAY

NYSE:CAT   Caterpillar
Another post-earnings play: CAT, with an IVR of 72 and an IV of 28.

Naturally, a lot could change between now on Monday's open, but it doesn't hurt to think ahead.

Here's the play:

Dec 31st 63/76 short strangle for 1.65 credit
POP%: 76%
Max Profit: $165 per contract
BPE: ~$820/contract
BE's: 61.35/77.65
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