Financial giants have made a conspicuous bearish move on Caterpillar. Our analysis of options history for Caterpillar CAT revealed 23 unusual trades.
Delving into the details, we found 13% of traders were bullish, while 60% showed bearish tendencies. Out of all the trades we spotted, 13 were puts, with a value of $533,750, and 10 were calls, valued at $468,305.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $350.0 to $440.0 for Caterpillar over the recent three months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of Caterpillar stands at 284.0, with a total volume reaching 379.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Caterpillar, situated within the strike price corridor from $350.0 to $440.0, throughout the last 30 days.
Caterpillar 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CAT | CALL | TRADE | BEARISH | 11/15/24 | $45.45 | $44.7 | $44.7 | $360.00 | $102.8K | 1.0K | 42 |
| CAT | CALL | SWEEP | BEARISH | 11/01/24 | $42.6 | $39.35 | $39.35 | $360.00 | $78.7K | 362 | 0 |
| CAT | PUT | TRADE | NEUTRAL | 06/20/25 | $34.6 | $33.55 | $34.14 | $400.00 | $68.2K | 4 | 20 |
| CAT | CALL | TRADE | NEUTRAL | 11/15/24 | $43.65 | $42.65 | $43.07 | $360.00 | $64.6K | 1.0K | 19 |
| CAT | PUT | SWEEP | BEARISH | 12/20/24 | $26.95 | $25.6 | $26.57 | $410.00 | $53.7K | 163 | 60 |
About Caterpillar
Caterpillar is the top manufacturer of heavy equipment, power solutions, and locomotives. It is currently the world's largest manufacturer of heavy equipment. The company is divided into four reportable segments: construction industries, resource industries, energy and transportation, and Cat Financial. Its products are available through a dealer network that covers the globe with about 2,700 branches maintained by 160 dealers. Cat Financial provides retail financing for machinery and engines to its customers, in addition to wholesale financing for dealers, which increases the likelihood of Caterpillar product sales.
After a thorough review of the options trading surrounding Caterpillar, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Caterpillar's Current Market Status
- Trading volume stands at 474,985, with CAT's price up by 0.49%, positioned at $399.03.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 22 days.
What Analysts Are Saying About Caterpillar
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $434.0.
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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * An analyst from B of A Securities persists with their Buy rating on Caterpillar, maintaining a target price of $434.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Caterpillar with Benzinga Pro for real-time alerts.
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