GTATQ came in a 0.58 - that's OK because we're playing for $1.
CAT/1020 - Well revenue was flat so it was stock buybacks and cost-cutting driving the gains. Still, impressive job by management - that is what you want a company to do with your money. They bought back $4.2Bn worth (4.2%) of stock this year alone AND pay a 3% dividend ($2.80) - that's like a 7.2% return from financial engineering alone. They are projecting earnings over $6 next year, for a p/e of 16 - there's no reason not to own this stock for the long term.
As a new trade on CAT, I'd sell the 2017 $80 puts for $7.30 for a very nice $72.70 net entry. That's more than the $5.60 dividend you'd make owning the stock for 2 years and a 26% discount if put to you. That's great as a stand-alone play or it can be paired with the $100/115 bull call spread at $5.50 and you still have a net $1.80 credit (so net $78.20 entry - 20% off) but 100% of the upside over $100 for the next two years.
That's going to be a Top Trade!
