Caterpillar (CAT) Options Chain

NYSE: CATIndustrialsConstruction/Ag Equipment/TrucksUSD

800.47+4.29 (+0.54%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Oct 23, 2026
Days to expiration: 13
Share price: $800.47
Put/call ratio (OI): 1.78
Put/call ratio (volume): 1.00
ATM implied volatility: 37.9%
Expected move: ±$57.18
Open interest (C / P): 2.97K / 5.28K

CAT options summary

The CAT options chain for the October 23, 2026 expiration lists 89 call and 87 put contracts, with 13 days until expiration. Open interest stands at 2,969 calls and 5,278 puts, a put/call ratio of 1.78, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $800.00 strike is 37.9%, which implies the market expects a move of about ±$57.18 (7.1%) in Caterpillar stock by expiration.

The most open interest sits at the $900.00 call (146 contracts) and the $740.00 put (702 contracts).

Summary generated from market data by MetaCap's automated system. Methodology

CAT options chain · October 23, 2026

CAT calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
—	—	—	—	—	—	510.00	0.00	0.20	0.01	87.4%	6	15
—	—	—	—	—	—	515.00	0.01	0.10	0.05	80.9%	13	55
—	—	—	—	—	—	520.00	0.00	0.05	0.03	74.2%	1	71
—	—	—	—	—	—	525.00	0.00	4.30	0.01	124.1%	2	103
—	—	—	—	—	—	530.00	0.00	4.30	0.08	121.7%	1	29
—	—	—	—	—	—	535.00	0.00	4.30	0.02	119.3%	5	69
—	—	—	—	—	—	540.00	0.00	4.30	0.03	117.0%	—	8
—	—	—	—	—	—	545.00	0.00	4.30	0.03	114.6%	2	12
—	—	—	—	—	—	555.00	—	—	0.03	—	—	—
—	—	—	—	—	—	560.00	0.00	4.30	0.05	107.7%	2	3
—	—	—	—	—	—	575.00	0.00	4.30	0.75	100.9%	—	2
—	—	—	—	—	—	580.00	0.00	0.25	0.06	65.7%	1	20
—	—	—	—	—	—	585.00	0.00	2.49	0.02	87.5%	10	10
—	—	—	—	—	—	590.00	0.00	4.30	0.37	94.3%	—	5
—	—	—	—	—	—	595.00	0.00	4.30	0.11	92.1%	2	11
12	12	94.1%	190.03	196.40	209.95	600.00	0.00	0.26	0.56	59.7%	3	14
—	—	—	—	—	—	605.00	0.00	0.39	1.21	60.9%	—	5
—	—	—	—	—	—	610.00	0.00	0.27	0.28	56.8%	1	47
2	—	87.6%	202.58	181.45	194.95	615.00	0.00	0.53	0.32	59.9%	1	22
—	—	—	—	—	—	620.00	0.00	0.28	0.12	54.0%	1	18
—	—	—	204.25	—	—	625.00	0.00	0.40	0.14	54.7%	2	24
—	—	—	—	—	—	630.00	0.00	0.31	0.33	51.5%	1	44
—	—	—	—	—	—	635.00	0.00	0.70	0.21	55.4%	1	40
—	—	—	—	—	—	640.00	0.00	0.32	0.16	53.1%	3	50
1	1	75.3%	153.60	151.60	165.05	645.00	0.00	1.10	0.22	55.7%	2	13
—	—	—	171.00	—	—	650.00	0.00	0.38	0.17	51.1%	6	83
—	—	—	—	—	—	655.00	0.02	0.75	0.30	54.8%	2	18
2	—	64.5%	144.75	136.70	148.50	660.00	0.00	0.43	0.25	48.7%	2	13
—	—	—	—	—	—	665.00	0.00	0.57	0.37	49.1%	2	37
—	—	—	—	—	—	670.00	0.00	0.50	0.28	46.4%	5	25
—	—	—	—	—	—	675.00	0.00	0.74	0.45	47.7%	4	18
1	—	56.9%	118.10	115.05	130.35	680.00	0.00	0.60	0.44	44.3%	3	19
—	—	—	—	—	—	685.00	0.00	0.72	0.40	44.0%	12	128
—	—	—	—	—	—	690.00	0.01	0.75	0.76	42.5%	16	129
—	—	—	—	—	—	695.00	0.23	1.30	0.67	45.3%	3	178
18	4	66.6%	98.00	97.40	107.35	700.00	0.30	0.95	0.70	40.8%	5	61
—	—	—	—	—	—	705.00	0.22	1.22	0.89	41.0%	2	14
—	—	—	—	—	—	710.00	0.41	1.26	1.29	39.4%	4	46
—	—	—	—	—	—	715.00	0.02	1.65	1.38	39.8%	13	38
—	—	—	—	—	—	720.00	0.53	1.91	1.25	39.2%	10	69
—	—	—	—	—	—	725.00	1.40	3.20	3.01	42.5%	2	29
2	4	58.6%	73.16	70.05	80.05	730.00	1.19	2.61	2.09	38.1%	7	74
5	1	58.1%	71.15	66.40	75.95	735.00	2.00	3.70	2.64	39.9%	6	173
10	5	49.7%	66.45	61.65	68.60	740.00	2.52	3.85	3.15	38.1%	46	702
9	2	54.3%	62.01	57.55	66.75	745.00	3.20	5.20	3.76	39.7%	24	91
10	2	47.9%	54.81	52.70	60.15	750.00	4.05	5.55	4.45	38.1%	45	182
5	2	47.0%	50.87	50.30	56.00	755.00	3.00	6.95	5.40	39.0%	24	379
26	15	50.9%	49.11	44.40	54.40	760.00	6.05	7.30	6.55	37.2%	103	115
18	2	47.7%	47.93	42.30	49.30	765.00	7.15	8.70	7.83	37.4%	1	131
23	27	43.7%	43.35	37.85	43.85	770.00	8.50	10.00	9.00	37.1%	11	137
25	23	45.1%	39.42	35.05	41.40	775.00	9.80	12.90	10.40	39.6%	23	61
31	8	43.0%	33.86	31.25	37.10	780.00	10.90	12.85	12.00	36.2%	23	335
20	7	45.9%	31.89	25.95	35.80	785.00	12.70	14.85	13.85	36.4%	2	76
51	2	44.2%	29.28	26.55	32.00	790.00	14.80	16.85	16.43	36.2%	46	80
86	14	42.0%	26.00	21.25	28.05	795.00	15.50	20.60	18.50	38.7%	13	50
118	10	39.5%	23.62	18.65	24.00	800.00	19.40	21.60	20.78	36.3%	17	95
CAT $800.47
31	4	40.2%	20.25	18.85	22.10	805.00	21.60	26.80	22.65	40.5%	3	40
93	13	38.8%	17.03	15.00	19.05	810.00	24.40	27.25	24.88	36.6%	25	207
53	7	43.6%	16.00	12.15	19.85	815.00	26.05	32.25	30.07	40.0%	8	49
—	—	—	19.00	—	—	817.50	—	—	8.10	—	—	—
62	16	36.9%	13.80	10.30	14.10	820.00	26.95	33.30	30.77	36.4%	8	80
—	—	—	18.55	—	—	822.50	—	—	28.17	—	—	—
92	28	39.6%	13.50	10.40	13.90	825.00	31.95	37.40	36.00	37.8%	1	67
—	—	—	12.80	—	—	827.50	—	—	18.15	—	—	—
78	33	38.9%	11.15	8.65	11.95	830.00	34.05	40.30	41.71	36.7%	1	72
72	14	41.4%	9.35	5.85	11.85	835.00	37.50	46.70	43.43	42.0%	12	137
43	6	42.2%	7.90	7.20	10.90	840.00	41.00	47.90	45.50	37.1%	17	16
64	19	39.3%	7.05	6.40	8.30	845.00	46.05	55.30	52.24	44.4%	1	40
113	30	38.1%	5.75	5.20	6.70	850.00	50.90	56.25	53.25	38.1%	16	53
51	5	40.5%	5.35	4.50	6.80	855.00	54.15	62.25	48.95	42.6%	6	28
64	30	38.1%	4.30	3.90	5.00	860.00	58.15	64.95	66.35	39.2%	24	27
51	50	43.6%	4.05	2.90	6.35	865.00	61.25	69.45	74.27	39.9%	1	26
77	10	42.0%	3.20	2.10	5.00	870.00	66.70	74.30	70.45	41.4%	4	23
38	2	41.9%	3.00	1.10	4.30	875.00	71.00	81.00	79.75	47.9%	10	16
72	24	39.4%	2.31	1.18	3.00	880.00	74.05	83.35	34.66	42.2%	64	53
53	8	40.1%	2.31	1.39	2.73	885.00	80.95	90.15	38.09	49.4%	47	29
23	1	40.2%	2.46	0.74	2.37	890.00	86.10	93.75	86.55	47.0%	4	11
71	4	42.1%	1.55	0.20	2.44	895.00	90.00	99.95	44.15	52.4%	11	8
146	4	38.6%	1.19	1.00	1.40	900.00	94.95	103.75	97.86	50.4%	18	10
76	6	44.1%	0.98	0.13	2.21	905.00	100.00	109.85	50.95	55.6%	6	2
56	2	43.7%	0.98	0.20	1.81	910.00	102.60	114.45	100.55	56.0%	3	4
46	10	55.4%	1.31	0.00	4.25	915.00	109.30	121.90	117.63	65.1%	1	4
66	26	44.6%	1.20	0.09	1.48	920.00	112.70	126.90	103.55	66.8%	—	0
27	4	45.5%	1.01	0.01	1.41	925.00	118.30	131.85	108.30	68.4%	—	0
55	4	44.7%	1.10	0.00	1.10	930.00	121.85	136.60	114.40	69.4%	15	0
9	2	52.5%	6.03	0.00	4.30	935.00	—	—	—	—	—	—
67	11	47.1%	0.45	0.00	1.08	940.00	—	—	—	—	—	—
14	2	57.3%	2.44	0.00	2.54	945.00	—	—	—	—	—	—
51	5	47.7%	0.82	0.00	0.86	950.00	142.15	156.30	138.45	75.0%	1	0
24	1	56.4%	0.11	0.00	3.75	955.00	—	—	—	—	—	—
5	2	60.1%	2.81	0.00	4.60	960.00	—	—	—	—	—	—
11	2	55.6%	0.28	0.00	1.38	965.00	—	—	—	—	—	—
35	5	48.9%	0.29	0.05	0.55	970.00	—	—	—	—	—	—
5	3	63.8%	2.30	0.00	4.50	975.00	—	—	—	—	—	—
19	4	65.0%	2.13	0.00	4.50	980.00	—	—	—	—	—	—
43	1	66.3%	2.69	0.00	4.50	985.00	—	—	—	—	—	—
29	3	67.6%	2.20	0.00	4.50	990.00	—	—	—	—	—	—
3	3	65.0%	0.18	0.00	3.35	995.00	—	—	—	—	—	—
41	12	59.3%	0.10	0.05	1.70	1,000.00	191.55	206.40	175.00	90.4%	—	0
1	2	72.3%	1.22	0.00	4.45	1,010.00	—	—	—	—	—	—
—	—	—	0.01	—	—	1,020.00	—	—	—	—	—	—
2	1	75.8%	0.80	0.00	4.40	1,025.00	—	—	—	—	—	—
2	4	59.7%	0.89	0.00	0.90	1,030.00	—	—	—	—	—	—
103	2	74.6%	0.35	0.00	3.15	1,040.00	—	—	—	—	—	—
1	2	80.4%	0.71	0.00	4.40	1,045.00	—	—	—	—	—	—
1	2	81.5%	0.66	0.00	4.40	1,050.00	—	—	—	—	—	—
21	32	82.6%	0.81	0.00	4.40	1,055.00	—	—	—	—	—	—
61	105	83.8%	0.74	0.00	4.40	1,060.00	—	—	—	—	—	—
24	6	84.9%	0.36	0.00	4.40	1,065.00	—	—	—	—	—	—
28	50	86.0%	0.77	0.00	4.40	1,070.00	—	—	—	—	—	—
18	65	88.2%	0.24	0.00	4.40	1,080.00	—	—	—	—	—	—
44	1	90.1%	0.39	0.00	4.35	1,090.00	—	—	—	—	—	—
2	1	92.2%	0.37	0.00	4.35	1,100.00	—	—	—	—	—	—
—	—	—	0.27	—	—	1,110.00	—	—	—	—	—	—
—	—	—	0.21	—	—	1,120.00	—	—	—	—	—	—
20	2	100.4%	0.18	0.00	4.35	1,140.00	—	—	—	—	—	—
—	—	—	0.05	—	—	1,150.00	—	—	—	—	—	—
106	4	106.2%	0.20	0.00	4.35	1,170.00	—	—	—	—	—	—
2	5	108.1%	0.11	0.00	4.35	1,180.00	—	—	—	—	—	—
4	2	110.0%	0.17	0.00	4.35	1,190.00	—	—	—	—	—	—
19	2	111.7%	0.13	0.00	4.30	1,200.00	—	—	—	—	—	—
6	6	113.7%	0.05	0.00	4.35	1,210.00	—	—	—	—	—	—

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the CAT put/call ratio?

For the October 23, 2026 expiration, the CAT put/call ratio based on open interest is 1.78 (5,278 puts vs 2,969 calls), and 1.00 based on today's volume. A ratio above 1 means more puts than calls.

What is CAT's implied volatility?

At-the-money implied volatility for CAT options expiring October 23, 2026 is about 37.9%, an annualized estimate of how much the market expects Caterpillar stock to move.

How many CAT option expiration dates are there?

CAT has 17 listed expiration dates, from Oct 16, 2026 to Jan 19, 2029.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.