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Investors with a lot of money to spend have taken a bullish stance on Caterpillar (NYSE:CAT).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, 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 these investors just did?
Today, Benzinga's options scanner spotted 12 uncommon options trades for Caterpillar.
This isn't normal.
The overall sentiment of these big-money traders is split between 50% bullish and 50%, bearish.
Out of all of the special options we uncovered, 6 are puts, for a total amount of $1,341,910, and 6 are calls, for a total amount of $283,355.
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $300.0 to $370.0 for Caterpillar over the recent three months.
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 $300.0 to $370.0 over the preceding 30 days.
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|---|---|---|
CAT | PUT | SWEEP | BULLISH | 09/20/24 | $2.44 | $2.24 | $2.26 | $325.00 | $1.1M | 6 | 5.0K |
CAT | CALL | SWEEP | BEARISH | 09/20/24 | $8.2 | $7.9 | $8.0 | $345.00 | $86.4K | 17 | 220 |
CAT | PUT | TRADE | BULLISH | 01/17/25 | $18.75 | $18.6 | $18.6 | $340.00 | $46.5K | 790 | 25 |
CAT | PUT | SWEEP | BULLISH | 09/20/24 | $8.65 | $8.55 | $8.55 | $345.00 | $46.1K | 21 | 55 |
CAT | CALL | TRADE | BEARISH | 09/20/24 | $46.7 | $45.55 | $45.98 | $300.00 | $45.9K | 764 | 40 |
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.
Following our analysis of the options activities associated with Caterpillar, we pivot to a closer look at the company's own performance.
In the last month, 5 experts released ratings on this stock with an average target price of $343.2.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Caterpillar with Benzinga Pro for real-time alerts.
Posted In: CAT