Caterpillar Unusual Options Activity For November 07

Caterpillar Unusual Options Activity For November 07

Someone with a lot of money to spend has taken a bearish stance on Caterpillar CAT.

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with CAT, it often means somebody knows something is about to happen.

So how do we know what this whale just did?

Today, Benzinga's options scanner spotted 10 uncommon options trades for Caterpillar.

This isn't normal.

The overall sentiment of these big-money traders is split between 40% bullish and 60%, bearish.

Out of all of the special options we uncovered, 3 are puts, for a total amount of $101,836, and 7 are calls, for a total amount of $434,280.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $180.0 to $260.0 for Caterpillar over the last 3 months.

Volume & Open Interest Development

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 $180.0 to $260.0 in the last 30 days.

Caterpillar Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
CAT CALL SWEEP BEARISH 11/18/22 $185.00 $119.9K 1.2K 28
CAT CALL TRADE BULLISH 11/18/22 $180.00 $88.0K 1.0K 25
CAT CALL SWEEP BULLISH 01/17/25 $260.00 $68.8K 71 31
CAT CALL TRADE BULLISH 01/20/23 $220.00 $47.5K 9.2K 50
CAT PUT TRADE BEARISH 05/19/23 $210.00 $46.2K 1.1K 31

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
CAT CALL SWEEP BEARISH 11/18/22 $185.00 $119.9K 1.2K 28
CAT CALL TRADE BULLISH 11/18/22 $180.00 $88.0K 1.0K 25
CAT CALL SWEEP BULLISH 01/17/25 $260.00 $68.8K 71 31
CAT CALL TRADE BULLISH 01/20/23 $220.00 $47.5K 9.2K 50
CAT PUT TRADE BEARISH 05/19/23 $210.00 $46.2K 1.1K 31

Where Is Caterpillar Standing Right Now?

  • With a volume of 356,977, the price of CAT is down -1.5% at $224.44.
  • RSI indicators hint that the underlying stock may be overbought.
  • Next earnings are expected to be released in 81 days.

What The Experts Say On Caterpillar:

  • UBS downgraded its action to Neutral with a price target of $230
  • Morgan Stanley has decided to maintain their Underweight rating on Caterpillar, which currently sits at a price target of $174.
  • Morgan Stanley has decided to maintain their Underweight rating on Caterpillar, which currently sits at a price target of $143.
  • Wells Fargo has decided to maintain their Equal-Weight rating on Caterpillar, which currently sits at a price target of $218.
  • Credit Suisse has decided to maintain their Outperform rating on Caterpillar, which currently sits at a price target of $255.

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.

Posted In: BZI-UOAOptionsMarkets