Deep-pocketed investors have adopted a bullish approach towards Caterpillar CAT, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in CAT usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 14 extraordinary options activities for Caterpillar. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 50% leaning bullish and 21% bearish. Among these notable options, 5 are puts, totaling $721,902, and 9 are calls, amounting to $445,450.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $195.0 to $440.0 for Caterpillar over the last 3 months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of Caterpillar stands at 646.64, with a total volume reaching 728.00. 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 $195.0 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 | PUT | TRADE | BULLISH | 09/19/25 | $12.6 | $12.1 | $11.78 | $310.00 | $589.0K | 99 | 500 |
| CAT | CALL | TRADE | BULLISH | 01/17/25 | $169.25 | $167.7 | $169.25 | $195.00 | $152.3K | 155 | 9 |
| CAT | CALL | TRADE | BULLISH | 01/17/25 | $69.85 | $69.15 | $69.85 | $290.00 | $48.8K | 893 | 7 |
| CAT | CALL | TRADE | NEUTRAL | 01/17/25 | $68.0 | $65.05 | $66.45 | $300.00 | $46.5K | 1.7K | 0 |
| CAT | PUT | SWEEP | BULLISH | 01/16/26 | $25.95 | $24.5 | $25.39 | $340.00 | $45.6K | 554 | 18 |
About Caterpillar
Caterpillar is the world's leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. Its reporting segments are: construction industries (40% sales/47% operating profit, or OP), resource industries (20% sales/19% OP), and energy & transportation (40% sales/34% OP). Market share approaches 20% across many products. Caterpillar operates a captive finance subsidiary to facilitate sales. The firm has global reach (46% US sales/54% ex-US). Construction skews more domestic, while the other divisions are more geographically diversified. An independent network of 156 dealers operates approximately 2,800 facilities, giving Caterpillar reach into about 190 countries for sales and support services.
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.
Present Market Standing of Caterpillar
- With a trading volume of 1,039,082, the price of CAT is up by 1.2%, reaching $367.1.
- Current RSI values indicate that the stock is may be oversold.
- Next earnings report is scheduled for 32 days from now.
What Analysts Are Saying About Caterpillar
In the last month, 4 experts released ratings on this stock with an average target price of $480.25.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * Maintaining their stance, an analyst from Truist Securities continues to hold a Buy rating for Caterpillar, targeting a price of $471. * Consistent in their evaluation, an analyst from Jefferies keeps a Buy rating on Caterpillar with a target price of $475. * Consistent in their evaluation, an analyst from Citigroup keeps a Buy rating on Caterpillar with a target price of $460. * An analyst from JP Morgan persists with their Overweight rating on Caterpillar, maintaining a target price of $515.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Caterpillar options trades with real-time alerts from Benzinga Pro.
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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