Tiered Butterfly Trade in CAT Home › Forums › Income Trades › Tiered Butterfly Trade in CAT This topic has 1 reply, 1 voice, and was last updated 9 years ago by Steven Place. Viewing 2 posts - 1 through 2 (of 2 total) Author Posts April 24, 2014 at 1:34 pm #2175 Steven PlaceKeymaster The stock is gapping up on earnings, I’m expecting a consolidation and a potential drift higher. Here’s what I like– this is only 1/3rd of planned position: Sell CAT Jun 105/100 bull put spread for 1.60 Sell CAT Jun 105/110 bear call spread for 1.95 If CAT Sees sees a move to 108 or 102 we will add to the trade. Target is 20% return on risk. May 12, 2014 at 10:06 am #2176 Steven PlaceKeymaster We’ve hit our 20% target in CAT, time to exit out of the trade. Author Posts Viewing 2 posts - 1 through 2 (of 2 total) You must be logged in to reply to this topic. Log In Username: Password: Keep me signed in Log In