A Closer Look at Caterpillar's Options Market Dynamics

Caterpillar Inc. +0.85%

Caterpillar Inc.




Financial giants have made a conspicuous bullish move on Caterpillar. Our analysis of options history for Caterpillar (NYSE:CAT) revealed 13 unusual trades.

Delving into the details, we found 53% of traders were bullish, while 23% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $330,138, and 7 were calls, valued at $608,465.

Projected Price Targets

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $280.0 to $370.0 for Caterpillar over the last 3 months.

Analyzing Volume & Open Interest

In today's trading context, the average open interest for options of Caterpillar stands at 654.9, with a total volume reaching 577.00. 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 $280.0 to $370.0, throughout the last 30 days.

Caterpillar Call and Put Volume: 30-Day Overview

Options Call Chart

Largest Options Trades Observed:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
CAT CALL TRADE NEUTRAL 05/03/24 $69.05 $66.85 $67.98 $280.00 $339.9K 50 50
CAT PUT TRADE BEARISH 06/21/24 $25.3 $24.35 $25.3 $370.00 $96.1K 684 43
CAT CALL SWEEP NEUTRAL 06/20/25 $77.45 $75.3 $76.4 $300.00 $76.4K 47 10
CAT PUT SWEEP BULLISH 01/17/25 $24.8 $23.8 $24.1 $340.00 $74.7K 286 31
CAT CALL TRADE BEARISH 01/17/25 $27.15 $26.2 $26.2 $370.00 $68.1K 456 26

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 521,249, the CAT's price is up by 1.27%, now at $347.73.
  • RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
  • Anticipated earnings release is in 92 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.

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