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 large position indicating a bullish stance. Benzinga's options scanner spotted 10 uncommon options trades, with 60% bullish and 40% bearish sentiment. The total trade price for calls is $378,935, while for puts it is $100,805.
June 02, 2023 | 2:03 pm
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Caterpillar (NYSE:CAT) experiences unusual options activity, with a large position indicating a bullish stance. 60% of big-money traders are bullish, while 40% are bearish.
The unusual options activity in Caterpillar (NYSE:CAT) suggests that a large investor or institution is taking a bullish stance on the stock. This could potentially drive the stock price higher in the short term as more investors follow suit. The 60% bullish sentiment among big-money traders also supports this view. However, it is important to note that 40% of these traders are bearish, which could limit the upside potential.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100