Recent options trading activity for Caterpillar (NYSE:CAT) indicates a bearish sentiment among deep-pocketed investors, with a notable division in market sentiment (34% bullish, 65% bearish). The trading focused on a price band between $280.0 and $380.0. Significant options trades were observed, including both puts and calls with varying sentiments and strike prices. Caterpillar, a leading manufacturer of heavy equipment, has seen its stock slightly down by -0.15%, with an RSI indicating it may be overbought. An earnings announcement is expected in 34 days, and an analyst from Truist Securities has set a target price of $390.0.