Whales with a lot of money to spend have taken a noticeably bearish stance on Caterpillar.
Looking at options history for Caterpillar (NYSE:CAT) we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 25% of the investors opened trades with bullish expectations and 62% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $180,263 and 5, calls, for a total amount of $182,938.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $350.0 to $400.0 for Caterpillar over the recent three months.
Volume & Open Interest Development
In today's trading context, the average open interest for options of Caterpillar stands at 810.33, with a total volume reaching 87.00. 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 $350.0 to $400.0, throughout 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 | PUT | SWEEP | BEARISH | 07/26/24 | $5.65 | $4.75 | $5.65 | $355.00 | $93.2K | 326 | 2 |
| CAT | CALL | TRADE | BEARISH | 08/16/24 | $5.6 | $5.2 | $5.2 | $380.00 | $44.7K | 1.8K | 0 |
| CAT | PUT | SWEEP | NEUTRAL | 08/16/24 | $45.15 | $43.5 | $44.32 | $400.00 | $44.3K | 0 | 0 |
| CAT | PUT | TRADE | BEARISH | 08/16/24 | $43.3 | $41.85 | $42.73 | $400.00 | $42.7K | 0 | 10 |
| CAT | CALL | TRADE | BEARISH | 08/16/24 | $14.95 | $14.0 | $14.0 | $360.00 | $42.0K | 1.7K | 67 |
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
Present Market Standing of Caterpillar
- Currently trading with a volume of 75,844, the CAT's price is down by -0.5%, now at $358.77.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 13 days.
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 Caterpillar options trades with real-time alerts from Benzinga Pro.