Caterpillar's Options: A Look at What the Big Money is Thinking
Portfolio Pulse from Benzinga Insights
Investors have shown a bullish stance on Caterpillar (NYSE:CAT), with Benzinga's options scanner revealing 40 uncommon options trades indicating a sentiment split of 72% bullish and 27% bearish. The trades suggest an expected price range for CAT of $290.0 to $440.0 over the next three months. Significant trades include both calls and puts, with a notable volume and open interest in options within the $290.0 to $440.0 strike price range. Caterpillar, a leading manufacturer of heavy equipment, shows a current stock price of $357.54, with an upcoming earnings report in 6 days.
April 19, 2024 | 3:02 pm
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Caterpillar has seen significant options trading activity, with a bullish sentiment prevailing among big-money investors. The expected price range is $290 to $440 over the next three months, and the company is approaching its earnings report.
The bullish sentiment among investors, as evidenced by the options trading activity, suggests a positive outlook for Caterpillar's stock price in the short term. The upcoming earnings report could serve as a significant catalyst for price movement, especially given the current neutral RSI values and the anticipation built around the company's market performance.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100