Whales with a lot of money to spend have taken a noticeably bearish stance on CATCo Reinsurance Opportunities Fund Ltd.
Looking at options history for CATCo Reinsurance Opportunities Fund Ltd CAT we detected 26 trades.
If we consider the specifics of each trade, it is accurate to state that 46% of the investors opened trades with bullish expectations and 53% with bearish.
From the overall spotted trades, 13 are puts, for a total amount of $574,494 and 13, calls, for a total amount of $695,788.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $290.0 to $380.0 for CATCo Reinsurance Opportunities Fund Ltd during the past quarter.
Insights into Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for CATCo Reinsurance Opportunities Fund Ltd'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 CATCo Reinsurance Opportunities Fund Ltd's whale activity within a strike price range from $290.0 to $380.0 in the last 30 days.
CATCo Reinsurance Opportunities Fund Ltd Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CAT | CALL | SWEEP | NEUTRAL | 09/20/24 | $300.00 | $111.7K | 748 | 20 |
| CAT | CALL | TRADE | NEUTRAL | 05/17/24 | $290.00 | $110.2K | 5.2K | 25 |
| CAT | CALL | SWEEP | BULLISH | 03/22/24 | $345.00 | $110.1K | 239 | 215 |
| CAT | PUT | SWEEP | BEARISH | 01/16/26 | $290.00 | $66.7K | 120 | 30 |
| CAT | CALL | SWEEP | BULLISH | 05/17/24 | $330.00 | $58.8K | 879 | 30 |
About CATCo Reinsurance Opportunities Fund Ltd
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.
Where Is CATCo Reinsurance Opportunities Fund Ltd Standing Right Now?
- Trading volume stands at 837,197, with CAT's price up by 0.7%, positioned at $337.99.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 49 days.
Expert Opinions on CATCo Reinsurance Opportunities Fund Ltd
2 market experts have recently issued ratings for this stock, with a consensus target price of $339.0.
- Consistent in their evaluation, an analyst from Citigroup keeps a Neutral rating on CATCo Reinsurance Opportunities Fund Ltd with a target price of $340.
- An analyst from Evercore ISI Group downgraded its action to In-Line with a price target of $338.
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 CATCo Reinsurance Opportunities Fund Ltd, 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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