Financial giants have made a conspicuous bearish move on Caterpillar. Our analysis of options history for Caterpillar CAT revealed 10 unusual trades.
Delving into the details, we found 20% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $203,380, and 6 were calls, valued at $642,980.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $260.0 to $410.0 for Caterpillar over the last 3 months.
Analyzing 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 Caterpillar'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 Caterpillar's whale trades within a strike price range from $260.0 to $410.0 in the last 30 days.
Caterpillar Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CAT | CALL | SWEEP | BEARISH | 01/17/25 | $106.35 | $106.3 | $106.3 | $260.00 | $372.0K | 624 | 35 |
| CAT | CALL | TRADE | BEARISH | 08/16/24 | $23.2 | $22.35 | $22.5 | $350.00 | $112.5K | 1.6K | 50 |
| CAT | PUT | SWEEP | NEUTRAL | 01/17/25 | $33.4 | $33.4 | $33.4 | $370.00 | $100.2K | 128 | 30 |
| CAT | CALL | TRADE | BEARISH | 01/17/25 | $107.15 | $106.3 | $106.3 | $260.00 | $53.1K | 624 | 40 |
| CAT | PUT | TRADE | NEUTRAL | 08/16/24 | $18.1 | $17.8 | $17.95 | $360.00 | $50.2K | 386 | 0 |
About Caterpillar
Caterpillar is the top manufacturer of heavy equipment, power solutions, and locomotives. It is currently the world's largest manufacturer of heavy equipment. The company is divided into four reportable segments: construction industries, resource industries, energy and transportation, and Cat Financial. Its products are available through a dealer network that covers the globe with about 2,700 branches maintained by 160 dealers. Cat Financial 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?
- Trading volume stands at 850,180, with CAT's price up by 0.06%, positioned at $355.02.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 78 days.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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