Caterpillar (CAT) is up $1.72 to $37.18 and 21K calls traded, compared to 7,600 puts. June 45 and July 40 calls are the most actives. In the June contract, the volume (6,151) includes a purchase of 4,800 for a nickel. Looks like sellers dominating the flow in July 40s. 5,700 traded, compared to open interest of 1,032. Implied volatility is down to 46, from about 47 the day before.
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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.