Caterpillar Earnings Were Great– Now What?

As Josh rightly points out, $CAT had a solid earnings beat and just great numbers all around.

On the back of the report, the stock is gapping up big into some potential resistnace levels.

cat daily stock chart Caterpillar Earnings Were Great Now What?

With this in mind, I consider a slightly contrarian bet, thinking that we’re due for a breather in the name.

The trade idea can be found in today’s SFO Daily, and you can view it here.


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

You might be interested in:
blog comments powered by Disqus

  • Make Money Trading Options

    Become a consistent options trader with actionable strategies and tactics. Sign-up below and immediately receive our 35 minute video on Option Trading and Psychology

  • Steven Place

    InvestingWithOptions was created with one goal in mind: to make you a better options trader. Steve Place is the Founder and Head Trader at IWO. Want to learn more? Start Here.

  • Resources

    • StockTwits Follow IWO on StockTwits Follow IWO on Twitter Follow StockTwits on Facebook Subscribe to IWO RSS via Email Subscribe to IWO RSS

In partnership with CNN Money Part of the CNN Network