This Is What Whales Are Betting On Caterpillar
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Caterpillar (NYSE:CAT), with 54% of recent trades being bearish and 45% bullish. The total amount for put options is $302,168 and for call options is $232,340. Whales have been targeting a price range from $250.0 to $350.0 for Caterpillar over the last 3 months. The current price of CAT is down -1.0% at $271.52.
September 26, 2023 | 5:46 pm
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NEGATIVE IMPACT
A significant investor has taken a bearish stance on Caterpillar. The total amount for put options is higher than for call options. Whales have been targeting a price range from $250.0 to $350.0 for Caterpillar over the last 3 months.
The bearish stance taken by a significant investor, along with the higher total amount for put options compared to call options, suggests a negative short-term impact on Caterpillar's stock. The targeted price range by whales also indicates a potential downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100