This Is What Whales Are Betting On Caterpillar - Caterpillar (NYSE:CAT)

Financial giants have made a conspicuous bullish move on Caterpillar. Our analysis of options history for Caterpillar CAT revealed 13 unusual trades.

Delving into the details, we found 53% of traders were bullish, while 46% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $1,098,895, and 7 were calls, valued at $377,173.

What's The Price Target?

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $290.0 and $340.0 for Caterpillar, spanning the last three months.

Volume & Open Interest Development

In today's trading context, the average open interest for options of Caterpillar stands at 3197.78, with a total volume reaching 1,563.00. 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 $290.0 to $340.0, throughout the last 30 days.

Caterpillar Option Volume And Open Interest Over Last 30 Days

Largest Options Trades Observed:

Symbol	PUT/CALL	Trade Type	Sentiment	Exp. Date	Strike Price	Total Trade Price	Open Interest	Volume
CAT	PUT	TRADE	BULLISH	01/17/25	$290.00	$892.5K	527	0
CAT	CALL	TRADE	BULLISH	06/20/25	$320.00	$87.0K	18	40
CAT	CALL	TRADE	BULLISH	06/20/25	$320.00	$86.5K	18	20
CAT	CALL	SWEEP	BEARISH	06/21/24	$290.00	$61.5K	2.4K	16
CAT	PUT	SWEEP	BEARISH	05/17/24	$300.00	$48.0K	937	50

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.

Following our analysis of the options activities associated with Caterpillar, we pivot to a closer look at the company's own performance.

Present Market Standing of Caterpillar

With a volume of 677,744, the price of CAT is up 0.59% at $314.7.
RSI indicators hint that the underlying stock may be overbought.
Next earnings are expected to be released in 71 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 $332.8.

An analyst from Citigroup persists with their Neutral rating on Caterpillar, maintaining a target price of $340.
An analyst from Baird has decided to maintain their Underperform rating on Caterpillar, which currently sits at a price target of $257.
An analyst from Wells Fargo has decided to maintain their Equal-Weight rating on Caterpillar, which currently sits at a price target of $325.
An analyst from JP Morgan persists with their Overweight rating on Caterpillar, maintaining a target price of $385.
An analyst from Goldman Sachs has decided to maintain their Buy rating on Caterpillar, which currently sits at a price target of $357.

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.

Market News and Data brought to you by Benzinga APIs