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
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