Blue Horseshoe Stocks: CAT Recap & More

Caterpillar, Inc. CAT – Recap

Yesterday, just as we were going over some of our good calls from Friday’s session, we took a look at Caterpillar’s premarket performance on the heels of its disappointing quarterly release, and formulated a fresh idea on the bearish side of the fence.

We targeted the CAT Weekly $132-128 Puts. As it happens, our solid options calls persisted into this week, because CAT took a hit, and anyone in those Puts could have been the beneficiary of some significant gains on the day.

$132 Puts – Range: 5.60-8.75 – Max Gain: 56%
$131 Puts – Range: 5.40-8.01 – Max Gain: 48%
$130 Puts – Range: 4.15-7.19 – Max Gain: 73%
$129 Puts – Range: 3.60-6.35 – Max Gain: 76%
$128 Puts – Range: 3.20-5.59 – Max Gain: 75%

______

Fresh Options Idea:
3M, Co. beat on profits and sales for its 4th quarter 2018 release, and is our preferred fresh target this morning despite lowered 2019 guidance. We’re going to track the MMM Weekly $195-202.50 Calls today.


Extended Watchlist:
MTOR, TRX, CLDX, AMPE, MTOR, UNT, KNDI, TROV