Looking At Caterpillar's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed in Caterpillar (NYSE:CAT), with a bearish stance taken by a large investor. Benzinga's options scanner spotted 23 uncommon options trades, with 34% bullish and 65% bearish sentiment. Whales have been targeting a price range of $185 to $280 for Caterpillar over the last 3 months.
May 19, 2023 | 6:16 pm
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NEGATIVE IMPACT
A large investor has taken a bearish stance on Caterpillar (NYSE:CAT) with unusual options activity. 65% bearish sentiment has been observed.
The unusual options activity, with a majority of 65% bearish sentiment, indicates that a large investor is expecting Caterpillar's stock price to decline in the short term. This could potentially impact the stock price as other investors may follow suit or react to the bearish sentiment.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100