Smart Money Is Betting Big In CAT Options
Portfolio Pulse from Benzinga Insights
Investors with significant capital have taken a predominantly bearish stance on Caterpillar (NYSE:CAT), as evidenced by recent options trades tracked by Benzinga. The sentiment is split with 53% bearish and 20% bullish. The largest trades include 12 puts totaling $735,517 and 3 calls totaling $100,940. Analysts have mixed ratings on CAT, with price targets ranging from $340 to $360.
May 21, 2024 | 3:01 pm
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Investors with significant capital have taken a predominantly bearish stance on Caterpillar (NYSE:CAT), as evidenced by recent options trades tracked by Benzinga. The sentiment is split with 53% bearish and 20% bullish. The largest trades include 12 puts totaling $735,517 and 3 calls totaling $100,940.
The significant amount of bearish options trades suggests that investors expect Caterpillar's stock price to decline in the short term. This sentiment is further supported by the mixed analyst ratings and the current market status of the stock.
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IMPORTANCE 80
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