Financial giants have made a conspicuous bearish move on Caterpillar. Our analysis of options history for Caterpillar CAT revealed 39 unusual trades.
Delving into the details, we found 17% of traders were bullish, while 56% showed bearish tendencies. Out of all the trades we spotted, 21 were puts, with a value of $1,262,518, and 18 were calls, valued at $1,306,794.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $330.0 to $460.0 for Caterpillar over the last 3 months.
Insights into Volume & Open Interest
In today's trading context, the average open interest for options of Caterpillar stands at 193.38, with a total volume reaching 2,281.00. 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 $330.0 to $460.0, 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 | CALL | SWEEP | BULLISH | 02/21/25 | $62.7 | $61.9 | $62.7 | $330.00 | $313.5K | 123 | 51 |
| CAT | CALL | TRADE | BULLISH | 09/19/25 | $61.0 | $59.4 | $61.0 | $360.00 | $305.0K | 95 | 50 |
| CAT | PUT | SWEEP | BEARISH | 01/31/25 | $9.25 | $8.5 | $8.92 | $390.00 | $206.5K | 504 | 287 |
| CAT | PUT | SWEEP | NEUTRAL | 01/31/25 | $6.1 | $5.75 | $5.9 | $382.50 | $136.6K | 20 | 258 |
| CAT | CALL | TRADE | BEARISH | 01/15/27 | $43.45 | $39.15 | $40.65 | $460.00 | $97.5K | 1.0K | 32 |
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.
After a thorough review of the options trading surrounding Caterpillar, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Present Market Standing of Caterpillar
- With a trading volume of 1,266,827, the price of CAT is down by -3.45%, reaching $393.58.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 3 days from now.
Expert Opinions on Caterpillar
In the last month, 3 experts released ratings on this stock with an average target price of $413.3333333333333.
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 Citigroup has decided to maintain their Buy rating on Caterpillar, which currently sits at a price target of $420. * Showing optimism, an analyst from Evercore ISI Group upgrades its rating to In-Line with a revised price target of $365. * Maintaining their stance, an analyst from Truist Securities continues to hold a Buy rating for Caterpillar, targeting a price of $455.
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.
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