Financial giants have made a conspicuous bullish move on Caterpillar. Our analysis of options history for Caterpillar (NYSE:CAT) revealed 10 unusual trades.
Delving into the details, we found 50% of traders were bullish, while 40% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $166,690, and 5 were calls, valued at $233,261.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $240.0 and $370.0 for Caterpillar, spanning the last three months.
Insights into Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Caterpillar's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Caterpillar's substantial trades, within a strike price spectrum from $240.0 to $370.0 over the preceding 30 days.
Caterpillar 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CAT | CALL | SWEEP | BULLISH | 11/15/24 | $11.95 | $11.8 | $11.95 | $360.00 | $77.6K | 537 | 17 |
| CAT | CALL | TRADE | BEARISH | 06/21/24 | $81.05 | $79.0 | $79.0 | $250.00 | $55.3K | 503 | 0 |
| CAT | PUT | TRADE | NEUTRAL | 01/17/25 | $49.4 | $48.7 | $49.1 | $370.00 | $49.1K | 211 | 0 |
| CAT | CALL | TRADE | BULLISH | 07/19/24 | $7.6 | $7.45 | $7.55 | $330.00 | $37.7K | 3.7K | 68 |
| CAT | CALL | TRADE | BULLISH | 06/21/24 | $87.2 | $85.3 | $87.2 | $240.00 | $34.8K | 224 | 0 |
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.
Present Market Standing of Caterpillar
- Currently trading with a volume of 1,989,781, the CAT's price is down by -0.51%, now at $327.46.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 39 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.