This Is What Whales Are Betting On Caterpillar
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing significant interest in Caterpillar (NYSE:CAT) options, with a mix of bullish and bearish sentiments. The options activity is unusually high, indicating potential price movements. The stock is currently down 2.38% at $388.78, with a consensus target price of $434.0.
October 08, 2024 | 7:30 pm
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NEUTRAL IMPACT
Caterpillar is experiencing unusual options activity, with significant investments in both calls and puts. This suggests potential volatility in the stock price, currently at $388.78, with a target of $434.0.
The unusual options activity, with a mix of bullish and bearish positions, suggests that investors expect significant price movements. The current stock price is $388.78, and the target is $434.0, indicating potential upside. However, the mixed sentiment among investors suggests uncertainty, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100