27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
A whale with a lot of money to spend has taken a noticeably bullish stance on Caterpillar.
Looking at options history for Caterpillar (NYSE:CAT) we detected 17 strange trades.
If we consider the specifics of each trade, it is accurate to state that 64% of the investors opened trades with bullish expectations and 35% with bearish.
From the overall spotted trades, 15 are puts, for a total amount of $635,869 and 2, calls, for a total amount of $61,175.
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 $170.0 to $200.0 for Caterpillar over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Caterpillar options trades today is 656.0 with a total volume of 1,878.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Caterpillar's big money trades within a strike price range of $170.0 to $200.0 over the last 30 days.
Caterpillar Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CAT | PUT | TRADE | BEARISH | 10/21/22 | $180.00 | $184.5K | 80 | 266 |
| CAT | PUT | SWEEP | BULLISH | 10/21/22 | $175.00 | $38.4K | 180 | 46 |
| CAT | PUT | SWEEP | BULLISH | 08/05/22 | $175.00 | $38.1K | 365 | 136 |
| CAT | PUT | SWEEP | BEARISH | 10/21/22 | $185.00 | $34.9K | 31 | 32 |
| CAT | CALL | TRADE | BEARISH | 06/16/23 | $200.00 | $34.3K | 115 | 24 |
Where Is Caterpillar Standing Right Now?
- With a volume of 931,383, the price of CAT is up 0.01% at $179.51.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 13 days.
What The Experts Say On Caterpillar:
- Cowen & Co. has decided to maintain their Outperform rating on Caterpillar, which currently sits at a price target of $225.
- Morgan Stanley has decided to maintain their Underweight rating on Caterpillar, which currently sits at a price target of $161.
- JP Morgan has decided to maintain their Overweight rating on Caterpillar, which currently sits at a price target of $205.
- Deutsche Bank has decided to maintain their Buy rating on Caterpillar, which currently sits at a price target of $227.
- Morgan Stanley has decided to maintain their Underweight rating on Caterpillar, which currently sits at a price target of $142.
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.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!