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) through options trading. Benzinga's options scanner detected 11 unusual trades, with 63% being bearish. The trades suggest a targeted price range of $300 to $360 for CAT over the next three months.
June 25, 2024 | 3:18 pm
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Significant options trades detected for Caterpillar (NYSE:CAT) show a bearish sentiment with 63% of trades being puts. The targeted price range is $300 to $360 over the next three months.
The detection of 11 unusual options trades with a majority being bearish indicates that significant investors are expecting a decline in CAT's stock price. The targeted price range of $300 to $360 suggests a potential downward movement from the current price of $324.56.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100