Caterpillar Unusual Options Activity For October 03

Benzinga ·  10/04 00:31

A whale with a lot of money to spend has taken a noticeably bullish stance on Caterpillar.Looking at options history for Caterpillar (NYSE:CAT) we detected 46 strange trades.If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.From the overall spotted trades, 42 are puts, for a total amount of $2,982,236 and 4, calls, for a total amount of $120,834.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

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