Caterpillar Unusual Options Activity For October 03
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Caterpillar (NYSE:CAT), with a mix of bullish and bearish stances. Of the 46 strange trades detected, 42 are puts amounting to $2,982,236 and 4 are calls amounting to $120,834. Whales have been targeting a price range from $140.0 to $310.0 for Caterpillar over the last 3 months. The current price of CAT is down -0.36% at $270.75, with RSI indicators suggesting it may be approaching oversold. Next earnings are expected in 23 days.
October 03, 2023 | 4:31 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Caterpillar has seen unusual options activity, with a mix of bullish and bearish stances. The current price is down -0.36% at $270.75, and it may be approaching oversold according to RSI indicators. Next earnings are expected in 23 days.
The unusual options activity, combined with the current price decrease and the potential oversold status, could lead to increased volatility for Caterpillar's stock in the short term. The upcoming earnings release could also impact the stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100