Caterpillar Unusual Options Activity For September 06
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for Caterpillar (NYSE:CAT), with a mix of bullish and bearish stances. Of the 10 strange trades detected, 50% were bullish and 50% were bearish. The total amount for puts was $226,709 and for calls was $211,925. Whales have been targeting a price range from $250.0 to $300.0 for Caterpillar over the last 3 months. The current price of CAT is down -0.31% at $280.75.
September 06, 2023 | 6:16 pm
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Caterpillar has seen unusual options activity, with a mix of bullish and bearish trades. Whales have been targeting a price range from $250.0 to $300.0 over the last 3 months. The current price of CAT is down -0.31% at $280.75.
The unusual options activity indicates that there is significant interest in Caterpillar's stock, which could lead to increased volatility. The mix of bullish and bearish trades suggests uncertainty about the company's future performance. The targeted price range indicates where investors expect the stock to move. The current price decrease could be a temporary dip or the start of a downward trend.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100