The world is shaking apart and the Japanese may need some heavy equipment to rebuild. CAT has strong demand anyway, so this could be an opportunity to ride a price spike. A 1 Standard Deviation move would put CAT at just over 90 by April expiration. This could be a good opportunity to get in. CAT would have to pull back by 10% to make this move. We managed to get in for .47 so this has already had a good move. Sizing is important if you decide to chase it.
SELL -1 VERTICAL CAT 100 APR 11 90/85 PUT @.39
