High-rolling investors have positioned themselves bullish on Caterpillar (NYSE:CAT), and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in CAT often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 9 options trades for Caterpillar. This is not a typical pattern.
The sentiment among these major traders is split, with 55% bullish and 22% bearish. Among all the options we identified, there was one put, amounting to $31,710, and 8 calls, totaling $821,433.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $510.0 to $640.0 for Caterpillar during the past quarter.
Analyzing Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $510.0 to $640.0 in the last 30 days.
Caterpillar Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CAT | CALL | TRADE | BULLISH | 10/31/25 | $11.55 | $10.4 | $11.55 | $532.50 | $577.5K | 32 | 501 |
| CAT | CALL | TRADE | NEUTRAL | 05/15/26 | $49.1 | $46.3 | $47.45 | $550.00 | $47.4K | 208 | 10 |
| CAT | CALL | TRADE | BEARISH | 03/20/26 | $44.7 | $41.85 | $42.95 | $540.00 | $42.9K | 274 | 10 |
| CAT | CALL | SWEEP | BULLISH | 11/14/25 | $18.6 | $17.05 | $18.6 | $535.00 | $37.2K | 35 | 50 |
| CAT | CALL | TRADE | NEUTRAL | 11/14/25 | $19.1 | $16.05 | $17.42 | $535.00 | $34.8K | 35 | 0 |
About Caterpillar
Caterpillar is the world's leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. Its reporting segments are: construction industries, resource industries, and energy & transportation. Market share approaches 20% across many products. Caterpillar operates a captive finance subsidiary to facilitate sales. The firm has a global reach that is approximately evenly balanced between the US and the rest of the world. Construction skews more domestic, while the other divisions are more geographically diversified. An independent network of over 150 dealers operates approximately 2,800 facilities, giving Caterpillar reach into about 190 countries for sales and support services.
Following our analysis of the options activities associated with Caterpillar, we pivot to a closer look at the company's own performance.
Current Position of Caterpillar
- With a volume of 136,204, the price of CAT is up 0.98% at $527.87.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 2 days.
What The Experts Say On Caterpillar
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $578.4.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * Maintaining their stance, an analyst from UBS continues to hold a Neutral rating for Caterpillar, targeting a price of $506. * An analyst from B of A Securities persists with their Buy rating on Caterpillar, maintaining a target price of $594. * Maintaining their stance, an analyst from JP Morgan continues to hold a Overweight rating for Caterpillar, targeting a price of $650. * An analyst from RBC Capital has revised its rating downward to Sector Perform, adjusting the price target to $560. * An analyst from Truist Securities persists with their Buy rating on Caterpillar, maintaining a target price of $582.
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.
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
