Seeing a lot of interest in Caterpillar (CAT) puts today, as shares fall 98 cents to a new 52-week low of $28. 53K contracts traded, compared to 20K calls. Recent trades include a sweep of 2500 Feb 25 puts for 8 cents. Today’s trades also include a May 25/17.5 1X2 (5000/10000) ratio put spread, a Jan-10 30/22.5 put spread (5000X, tied) and Aug 30/25 put spread (5000X on AMEX).
About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.