Financial giants have made a conspicuous bearish move on CATCo Reinsurance Opportunities Fund Ltd. Our analysis of options history for CATCo Reinsurance Opportunities Fund Ltd CAT revealed 20 unusual trades.
Delving into the details, we found 45% of traders were bullish, while 55% showed bearish tendencies. Out of all the trades we spotted, 10 were puts, with a value of $623,844, and 10 were calls, valued at $854,108.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $200.0 to $340.0 for CATCo Reinsurance Opportunities Fund Ltd during the past quarter.
Insights into Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for CATCo Reinsurance Opportunities Fund Ltd's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of CATCo Reinsurance Opportunities Fund Ltd's whale trades within a strike price range from $200.0 to $340.0 in the last 30 days.
CATCo Reinsurance Opportunities Fund Ltd Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CAT | CALL | TRADE | BULLISH | 06/21/24 | $260.00 | $170.7K | 680 | 60 |
| CAT | CALL | SWEEP | BULLISH | 09/20/24 | $330.00 | $164.1K | 3.3K | 117 |
| CAT | PUT | SWEEP | BULLISH | 03/15/24 | $335.00 | $163.8K | 271 | 371 |
| CAT | CALL | SWEEP | BEARISH | 06/21/24 | $260.00 | $155.3K | 680 | 30 |
| CAT | PUT | SWEEP | BEARISH | 06/21/24 | $330.00 | $107.4K | 360 | 95 |
About CATCo Reinsurance Opportunities Fund Ltd
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 CATCo Reinsurance Opportunities Fund Ltd, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is CATCo Reinsurance Opportunities Fund Ltd Standing Right Now?
- Trading volume stands at 910,828, with CAT's price down by -1.59%, positioned at $333.79.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 45 days.
What Analysts Are Saying About CATCo Reinsurance Opportunities Fund Ltd
In the last month, 2 experts released ratings on this stock with an average target price of $339.0.
- An analyst from Citigroup persists with their Neutral rating on CATCo Reinsurance Opportunities Fund Ltd, maintaining a target price of $340.
- Reflecting concerns, an analyst from Evercore ISI Group lowers its rating to In-Line with a new price target of $338.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest CATCo Reinsurance Opportunities Fund Ltd options trades with real-time alerts from Benzinga Pro.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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