Behind the Scenes of Caterpillar's Latest Options Trends

Whales with a lot of money to spend have taken a noticeably bearish stance on Caterpillar.

Looking at options history for Caterpillar CAT we detected 12 trades.

If we consider the specifics of each trade, it is accurate to state that 41% of the investors opened trades with bullish expectations and 50% with bearish.

From the overall spotted trades, 3 are puts, for a total amount of $558,226 and 9, calls, for a total amount of $486,874.

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 $300.0 to $400.0 for Caterpillar over the last 3 months.

Volume & Open Interest Trends

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Caterpillar's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Caterpillar's significant trades, within a strike price range of $300.0 to $400.0, over the past month.

Caterpillar 30-Day Option Volume & Interest Snapshot

Biggest Options Spotted:

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.

Having examined the options trading patterns of Caterpillar, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Where Is Caterpillar Standing Right Now?

• With a trading volume of 563,394, the price of CAT is up by 0.26%, reaching $340.53.
• Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
• Next earnings report is scheduled for 38 days from now.

Professional Analyst Ratings for 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 $375.0.

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