Caterpillar Options Spike on Share Movement
Caterpillar is seeing heavy options activity as its stock trades moderately higher Wednesday.
Calls outnumber puts by a 3-1 ratio and are concentrated at the February 33 strike, where contracts were bought for $0.77, $0.80, and $0.81. Some May 40 calls also traded for $0.88, according to OptionMonster's real-time tracking systems.
- Who Owns CAT Shares?
CAT stock is up some 3 percent to about $31 this afternoon on fairly strong volume, but the construction equipment giant has been steadily declining since the first trading day of the year when it closed at $46.91.
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