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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.
CAT stock [CAT
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The shares were hit particularly hard after Caterpillar released a dismal earnings report on Monday of last week, which had been preceded by bearish options action.
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Global Construction Cos.:
Deere [DE
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Illinois Tool Works [ITW
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CNH Global [CNH
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Pete Najarian is a professional investor, CNBC contributor, regular co-host of CNBC's "Fast Money" and co-founder of OptionMonster.com.
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Data is a real-time snapshot *Data is delayed at least 15 minutes