Financial giants have made a conspicuous bullish move on Caterpillar ( CAT ). Our analysis of options history for Caterpillar ( CAT ) revealed 23 unusual trades.

Delving into the details, we found 39% of traders were bullish, while 34% showed bearish tendencies. Out of all the trades we spotted, 8 were puts, with a value of $611,787, and 15 were calls, valued at $959,845.

Predicted Price Range

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $185.0 to $460.0 for Caterpillar ( CAT ) during the past quarter.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Caterpillar ( CAT ) options trades today is 417.5 with a total volume of 688.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Caterpillar's ( CAT ) big money trades within a strike price range of $185.0 to $460.0 over the last 30 days.

Caterpillar Option Activity Analysis: Last 30 Days

Significant Options Trades Detected:

About Caterpillar

Caterpillar ( CAT ) is the world's leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. Its reporting segments are: construction industries (40% sales/47% operating profit, or OP), resource industries (20% sales/19% OP), and energy & transportation (40% sales/34% OP). Market share approaches 20% across many products. Caterpillar ( CAT ) operates a captive finance subsidiary to facilitate sales. The firm has global reach (46% US sales/54% ex-US). Construction skews more domestic, while the other divisions are more geographically diversified. An independent network of 156 dealers operates approximately 2,800 facilities, giving Caterpillar ( CAT ) reach into about 190 countries for sales and support services.

Having examined the options trading patterns of Caterpillar ( CAT ), 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

With a volume of 816,083, the price of CAT is down -1.29% at $358.32.

RSI indicators hint that the underlying stock may be oversold.

Next earnings are expected to be released in 26 days.

Expert Opinions on Caterpillar

In the last month, 1 experts released ratings on this stock with an average target price of $471.0.

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* An analyst from Truist Securities has decided to maintain their Buy rating on Caterpillar ( CAT ), which currently sits at a price target of $471.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Caterpillar ( CAT ), Benzinga Pro gives you real-time options trades alerts.