Caterpillar Whale Trades spotted
Someone with a lot of money to burn has taken a bearish position on Caterpillar CAT.
And retailers should know.
We noticed this today when the big position appeared on the history of publicly available options that we track here at Benzinga.
Whether it's an institution or just a wealthy individual, we don't know. But when something this big happens with CAT, it often means someone knows something is about to happen.
So how do we know what this whale just did?
Benzinga's options scanner today spotted 15 unusual options trades for Caterpillar.
This is not normal.
The general sentiment of these big traders is split between 46% bullish and 53% bearish.
Of all the special options we discovered, 10 are puts, totaling $535,210, and 5 are calls, totaling $204,900 .
What is the target price?Given the volume and open interest on these contracts, it appears that whales have targeted a price range of $165.0 to $220.0 for Caterpillar over the past Last 3 months.
Development of volume and open interestWatching volume and open interest is a powerful move when trading options. This data can help you track the liquidity and interest of Caterpillar options for a given strike price. Below we can observe the evolution of volume and open interest in calls and puts, respectively, for all Caterpillar whale trades within a strike price range of $165.0 at $220.0 in the last 30 days.
Caterpillar Options Volume and Open Interest in the Last 30 Days The biggest options spotted: Symbol PUT/CALL Kind of trade Feeling Exp. Date Strike price Total trade price open interest Volume CAT PUT SWEEP BEARISH 09/16/22 $187.50 $184,000 273 508 CAT PUT SWEEP BULLISH 01/19/24 $175.00 $71,900 601 50 CAT PUT SWEEP BULLISH 01/19/24 $175.00 $69,700 601 111 CAT CALL TRADE BULLISH 01/19/24 $185.00 $50.6,000 78 17 CAT CALL TRADE BEARISH 06/16/23 $220.00 $43.2,000 194 126
Someone with a lot of money to burn has taken a bearish position on Caterpillar CAT.
And retailers should know.
We noticed this today when the big position appeared on the history of publicly available options that we track here at Benzinga.
Whether it's an institution or just a wealthy individual, we don't know. But when something this big happens with CAT, it often means someone knows something is about to happen.
So how do we know what this whale just did?
Benzinga's options scanner today spotted 15 unusual options trades for Caterpillar.
This is not normal.
The general sentiment of these big traders is split between 46% bullish and 53% bearish.
Of all the special options we discovered, 10 are puts, totaling $535,210, and 5 are calls, totaling $204,900 .
What is the target price?Given the volume and open interest on these contracts, it appears that whales have targeted a price range of $165.0 to $220.0 for Caterpillar over the past Last 3 months.
Development of volume and open interestWatching volume and open interest is a powerful move when trading options. This data can help you track the liquidity and interest of Caterpillar options for a given strike price. Below we can observe the evolution of volume and open interest in calls and puts, respectively, for all Caterpillar whale trades within a strike price range of $165.0 at $220.0 in the last 30 days.
Caterpillar Options Volume and Open Interest in the Last 30 Days The biggest options spotted: Symbol PUT/CALL Kind of trade Feeling Exp. Date Strike price Total trade price open interest Volume CAT PUT SWEEP BEARISH 09/16/22 $187.50 $184,000 273 508 CAT PUT SWEEP BULLISH 01/19/24 $175.00 $71,900 601 50 CAT PUT SWEEP BULLISH 01/19/24 $175.00 $69,700 601 111 CAT CALL TRADE BULLISH 01/19/24 $185.00 $50.6,000 78 17 CAT CALL TRADE BEARISH 06/16/23 $220.00 $43.2,000 194 126What's Your Reaction?
