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.
Financial giants have made a conspicuous bearish move on Caterpillar. Our analysis of options history for Caterpillar (NYSE:CAT) revealed 11 unusual trades.
Delving into the details, we found 45% of traders were bullish, while 54% showed bearish tendencies. Out of all the trades we spotted, 8 were puts, with a value of $669,194, and 3 were calls, valued at $104,864.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $330.0 and $400.0 for Caterpillar, spanning the last three months.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Caterpillar options trades today is 793.0 with a total volume of 436.00.
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 $330.0 to $400.0 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 | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CAT | PUT | SWEEP | BEARISH | 09/20/24 | $19.7 | $19.65 | $19.7 | $360.00 | $250.1K | 354 | 0 |
| CAT | PUT | SWEEP | BEARISH | 09/20/24 | $19.7 | $19.6 | $19.7 | $360.00 | $124.1K | 354 | 127 |
| CAT | PUT | TRADE | BEARISH | 05/17/24 | $8.4 | $8.25 | $8.4 | $360.00 | $109.2K | 2.4K | 130 |
| CAT | PUT | SWEEP | BULLISH | 09/20/24 | $28.85 | $28.7 | $28.7 | $380.00 | $51.6K | 8 | 10 |
| CAT | CALL | SWEEP | BULLISH | 04/19/24 | $11.7 | $11.35 | $11.7 | $365.00 | $50.3K | 1.7K | 45 |
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.
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
Where Is Caterpillar Standing Right Now?
- With a trading volume of 635,627, the price of CAT is down by -1.72%, reaching $367.06.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 16 days from now.
What The Experts Say On Caterpillar
1 market experts have recently issued ratings for this stock, with a consensus target price of $390.0.
- In a cautious move, an analyst from Truist Securities downgraded its rating to Buy, setting a price target of $390.
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.
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!