Investors with a lot of money to spend have taken a bullish stance on Caterpillar CAT.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with CAT, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 25 options trades for Caterpillar.
This isn't normal.
The overall sentiment of these big-money traders is split between 48% bullish and 24%, bearish.
Out of all of the options we uncovered, 24 are puts, for a total amount of $1,729,517, and there was 1 call, for a total amount of $26,025.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $300.0 to $410.0 for Caterpillar over the last 3 months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Caterpillar's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Caterpillar's whale trades within a strike price range from $300.0 to $410.0 in the last 30 days.
Caterpillar Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CAT | PUT | TRADE | BULLISH | 03/21/25 | $35.45 | $34.75 | $35.01 | $410.00 | $122.5K | 123 | 35 |
| CAT | PUT | TRADE | BEARISH | 03/21/25 | $29.0 | $28.65 | $29.0 | $400.00 | $116.0K | 368 | 76 |
| CAT | PUT | TRADE | BULLISH | 03/21/25 | $29.25 | $28.65 | $28.89 | $400.00 | $115.5K | 368 | 116 |
| CAT | PUT | SWEEP | BULLISH | 03/21/25 | $29.15 | $27.85 | $28.66 | $400.00 | $112.2K | 368 | 156 |
| CAT | PUT | TRADE | BEARISH | 03/21/25 | $29.3 | $28.6 | $29.07 | $400.00 | $101.7K | 368 | 1 |
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.
In light of the recent options history for Caterpillar, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Caterpillar's Current Market Status
- Currently trading with a volume of 889,689, the CAT's price is down by -1.21%, now at $384.18.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 53 days.
What The Experts Say On Caterpillar
In the last month, 4 experts released ratings on this stock with an average target price of $453.75.
Turn $1000 into $1270 in just 20 days?
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 Citigroup persists with their Buy rating on Caterpillar, maintaining a target price of $460. * Reflecting concerns, an analyst from Evercore ISI Group lowers its rating to Underperform with a new price target of $365. * Maintaining their stance, an analyst from JP Morgan continues to hold a Overweight rating for Caterpillar, targeting a price of $515. * An analyst from Jefferies has decided to maintain their Buy rating on Caterpillar, which currently sits at a price target of $475.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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