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 8 trades.
If we consider the specifics of each trade, it is accurate to state that 62% of the investors opened trades with bullish expectations and 37% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $559,556 and 5, calls, for a total amount of $637,103.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $350.0 and $430.0 for Caterpillar, spanning the last three months.
Insights into Volume & Open Interest
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 $350.0 to $430.0, over the past month.
Caterpillar Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CAT | CALL | SWEEP | BEARISH | 12/20/24 | $15.75 | $15.05 | $15.05 | $400.00 | $428.9K | 561 | 287 |
| CAT | PUT | SWEEP | BULLISH | 12/20/24 | $10.0 | $9.6 | $9.6 | $370.00 | $402.2K | 201 | 424 |
| CAT | PUT | TRADE | BULLISH | 06/20/25 | $28.4 | $27.0 | $27.0 | $380.00 | $105.3K | 200 | 39 |
| CAT | CALL | TRADE | BULLISH | 01/16/26 | $76.5 | $75.75 | $76.5 | $350.00 | $76.5K | 248 | 10 |
| CAT | CALL | TRADE | BULLISH | 03/21/25 | $14.15 | $13.4 | $14.1 | $430.00 | $63.4K | 144 | 47 |
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.
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
Present Market Standing of Caterpillar
- Trading volume stands at 337,685, with CAT's price down by -1.17%, positioned at $389.35.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 14 days.
Professional Analyst Ratings for Caterpillar
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $433.4.
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. * An analyst from B of A Securities has decided to maintain their Buy rating on Caterpillar, which currently sits at a price target of $434. * An analyst from Citigroup persists with their Buy rating on Caterpillar, maintaining a target price of $445. * An analyst from JP Morgan persists with their Overweight rating on Caterpillar, maintaining a target price of $500. * An analyst from Truist Securities has decided to maintain their Buy rating on Caterpillar, which currently sits at a price target of $456. * An analyst from Morgan Stanley downgraded its action to Underweight with a price target of $332.
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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