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On
CNBC's "Options Action," Carter Worth gave a bearish view on
Caterpillar Inc.CAT. He said that the industrial stocks are very correlated and he showed several industrial names that broke its up-trend line. Only
Caterpillar is trading above its trend line, and Worth believes that it is going to trade lower, along with the sector.
Mike Khouw is also bearish on the stock and he wants to buy the October 115/100 put spread for $3.66. The trade breaks even at $111.34 or 2.26 percent below the current stock price. If the stock closes 12.22 percent lower at the October expiration, the trade is going to reach its maximal profit of $11.34.
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