Whales with a lot of money to spend have taken a noticeably bullish stance on Caterpillar.
Looking at options history for Caterpillar CAT we detected 11 trades.
If we consider the specifics of each trade, it is accurate to state that 54% of the investors opened trades with bullish expectations and 45% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $199,500 and 9, calls, for a total amount of $446,421.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $230.0 to $310.0 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 2068.14, with a total volume reaching 568.00. 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 $230.0 to $310.0, throughout the last 30 days.
Caterpillar Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CAT | PUT | SWEEP | BULLISH | 02/16/24 | $310.00 | $127.0K | 0 | 0 |
| CAT | CALL | SWEEP | BULLISH | 01/19/24 | $260.00 | $83.2K | 2.7K | 68 |
| CAT | CALL | TRADE | BEARISH | 01/19/24 | $230.00 | $72.6K | 1.4K | 76 |
| CAT | PUT | TRADE | BULLISH | 01/19/24 | $270.00 | $72.5K | 961 | 1 |
| CAT | CALL | SWEEP | NEUTRAL | 02/16/24 | $280.00 | $63.3K | 2.7K | 47 |
About Caterpillar
Caterpillar is the premier manufacturer of heavy equipment, power solutions, and locomotives. It is currently the world's largest manufacturer of heavy equipment with over 13% market share in 2021. The company is divided into four reportable segments: construction industries, resource industries, energy and transportation, and Caterpillar Financial Services. Its products are available through a dealer network that covers the globe with about 2,700 branches maintained by 160 dealers. Caterpillar Financial Services 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.
Caterpillar's Current Market Status
- Currently trading with a volume of 1,727,044, the CAT's price is up by 0.54%, now at $256.58.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 55 days.
What The Experts Say On Caterpillar
2 market experts have recently issued ratings for this stock, with a consensus target price of $272.5.
- An analyst from Tigress Financial has decided to maintain their Buy rating on Caterpillar, which currently sits at a price target of $295.
- An analyst from HSBC has revised its rating downward to Hold, adjusting the price target to $250.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Caterpillar, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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