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: Nov 20, 2026
Days to expiration: 40
Share price: $800.47
Put/call ratio (OI): 0.92
Put/call ratio (volume): 2.45
ATM implied volatility: 44.8%
Expected move: ±$118.81
Open interest (C / P): 13.65K / 12.61K

CAT options summary

The CAT options chain for the November 20, 2026 expiration lists 94 call and 82 put contracts, with 40 days until expiration. Open interest stands at 13,655 calls and 12,606 puts, a put/call ratio of 0.92, which is fairly balanced between calls and puts. At-the-money implied volatility near the $800.00 strike is 44.8%, which implies the market expects a move of about ±$118.81 (14.8%) in Caterpillar stock by expiration.

The most open interest sits at the $930.00 call (1.77K contracts) and the $600.00 put (787 contracts).

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

CAT options chain · November 20, 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
1	—	118.5%	465.70	443.85	459.90	350.00	0.00	2.84	0.02	118.7%	1	166
10	10	113.5%	432.86	433.65	449.90	360.00	0.00	1.69	0.07	106.8%	2	28
0	—	—	527.60	0.00	0.00	370.00	0.00	4.30	0.21	119.0%	12	57
0	—	—	517.90	0.00	0.00	380.00	0.00	0.85	0.05	91.7%	5	116
1	—	389.6%	428.00	522.50	537.10	390.00	0.00	4.30	0.94	111.6%	1	80
6	5	101.5%	411.80	393.90	409.95	400.00	0.00	0.40	0.09	78.8%	1	46
—	—	—	—	—	—	410.00	0.00	4.30	0.01	104.6%	2	61
4	1	94.2%	383.50	373.70	390.00	420.00	0.00	4.30	2.15	101.3%	2	46
1	—	101.4%	269.36	366.15	380.05	430.00	0.00	4.30	0.12	98.0%	1	30
3	1	87.4%	379.25	354.50	369.05	440.00	0.00	2.70	0.30	87.9%	1	76
0	3	138.1%	437.70	357.55	371.35	450.00	0.00	1.70	0.27	79.3%	2	156
14	1	86.7%	361.45	334.55	350.20	460.00	0.00	4.30	0.65	88.5%	1	10
14	2	85.2%	312.19	324.90	340.25	470.00	0.00	3.55	1.15	82.8%	5	44
11	3	127.1%	423.56	328.25	341.85	480.00	0.00	1.00	0.14	66.3%	3	174
14	3	125.4%	396.57	318.25	333.80	490.00	0.00	4.35	0.98	79.8%	1	53
50	2	82.3%	326.20	296.80	310.40	500.00	0.00	4.35	0.20	77.0%	5	123
33	1	75.2%	320.47	285.20	300.45	510.00	0.00	4.40	1.24	74.3%	5	26
130	95	70.3%	297.22	277.10	287.85	520.00	0.00	2.55	0.04	65.2%	2	111
3	2	279.3%	290.25	389.80	401.75	530.00	0.00	2.40	0.63	62.1%	10	44
17	2	66.1%	274.90	257.30	268.05	540.00	0.00	2.67	0.63	60.6%	4	131
16	4	64.4%	239.55	245.00	260.70	550.00	0.00	1.70	1.10	54.2%	1	63
1	1	62.6%	287.35	235.20	250.85	560.00	0.00	0.91	0.63	52.4%	11	171
26	21	66.0%	234.00	227.75	241.25	570.00	0.09	1.56	0.68	54.8%	43	102
4	1	60.9%	220.85	216.80	230.95	580.00	0.00	1.94	1.03	54.5%	5	93
5	2	59.4%	205.30	208.85	219.50	590.00	0.58	1.25	0.96	48.1%	4	189
25	5	59.7%	198.05	200.95	209.25	600.00	1.04	1.95	1.36	49.7%	30	787
5	1	209.4%	211.40	294.50	310.30	610.00	0.02	3.90	2.05	54.7%	4	143
73	1	55.5%	211.15	180.70	190.40	620.00	1.42	2.46	1.87	47.1%	31	174
0	1	—	257.65	0.00	0.00	630.00	1.85	3.25	2.35	47.4%	2	140
17	12	50.2%	165.15	160.10	171.10	640.00	2.55	3.75	3.11	46.4%	5	233
34	22	50.5%	173.15	151.85	161.95	650.00	3.25	4.05	3.64	44.7%	6	346
23	13	58.5%	148.12	142.70	152.65	660.00	3.50	5.15	4.89	44.9%	1	293
49	1	56.4%	147.00	135.20	143.35	670.00	4.85	6.05	5.42	44.2%	12	196
25	4	53.3%	130.75	124.35	133.35	680.00	6.30	7.85	6.60	44.9%	7	200
25	1	51.8%	122.51	117.15	124.50	690.00	6.95	9.45	7.98	44.8%	9	293
47	14	53.6%	114.25	107.35	118.20	700.00	8.75	10.00	9.45	42.7%	27	442
42	13	50.1%	105.77	101.05	108.10	710.00	10.75	13.60	11.43	44.8%	7	511
33	2	48.6%	97.25	94.80	99.65	720.00	13.05	14.60	13.70	42.9%	21	454
29	1	51.1%	90.29	85.90	94.80	730.00	13.85	18.55	16.10	44.4%	6	441
507	4	47.8%	83.60	76.70	85.20	740.00	18.20	19.70	18.80	42.2%	28	508
54	14	50.4%	75.00	72.55	81.25	750.00	21.55	23.05	22.11	42.2%	197	677
90	13	49.3%	70.58	64.15	74.10	760.00	22.90	28.20	25.23	43.8%	225	474
77	6	46.6%	63.97	59.00	65.65	770.00	28.25	30.00	29.09	41.5%	287	335
87	15	48.8%	58.13	52.35	62.35	780.00	30.35	37.45	33.25	44.5%	368	416
62	4	48.0%	52.40	46.45	56.45	790.00	36.05	43.10	37.80	45.3%	18	307
482	27	48.0%	47.05	41.60	51.50	800.00	40.15	44.35	42.70	41.7%	468	767
CAT $800.47
222	92	43.3%	42.40	37.75	42.00	810.00	44.15	50.00	48.15	41.9%	360	350
204	48	45.3%	38.66	32.20	39.90	820.00	51.80	57.20	53.65	43.2%	5	199
220	34	45.9%	33.85	27.50	36.55	830.00	58.50	61.90	59.80	41.9%	5	279
297	18	46.5%	30.46	27.75	33.55	840.00	64.25	69.95	71.55	43.5%	2	129
483	49	44.3%	26.30	26.30	27.95	850.00	69.85	78.65	75.38	45.4%	5	157
127	16	46.7%	24.25	22.00	27.35	860.00	76.25	83.70	79.80	43.5%	1	123
237	15	45.3%	20.48	18.30	23.20	870.00	84.80	90.20	91.41	42.7%	1	105
707	19	43.5%	18.02	17.35	19.00	880.00	93.10	99.70	96.75	44.8%	10	84
278	10	44.4%	16.62	12.75	17.55	890.00	99.85	105.15	106.30	42.2%	2	186
803	54	43.2%	13.85	12.95	14.50	900.00	108.45	114.70	111.63	44.0%	3	150
42	8	47.0%	12.55	10.75	15.70	910.00	111.85	127.20	120.90	49.3%	8	11
599	20	47.0%	10.95	9.55	14.00	920.00	124.95	135.60	120.40	49.7%	1	138
1,773	8	44.2%	9.15	8.55	10.40	930.00	129.20	142.25	121.25	47.5%	2	8
352	2	43.8%	8.20	7.55	8.80	940.00	140.90	150.30	109.65	46.8%	2	54
93	2	46.6%	7.25	4.90	9.40	950.00	148.30	159.75	110.50	47.9%	2	13
258	2	44.0%	6.00	5.35	6.75	960.00	160.05	167.75	167.67	46.6%	10	49
53	5	44.1%	5.65	4.10	5.95	970.00	—	—	—	—	—	—
377	7	46.2%	4.70	3.65	6.15	980.00	177.35	186.85	127.20	48.5%	10	88
38	14	44.6%	5.68	3.55	4.65	990.00	186.85	196.25	179.70	49.0%	2	1
720	38	44.6%	3.66	3.15	4.00	1,000.00	196.40	205.75	160.78	49.6%	1	54
223	11	45.9%	2.77	1.57	3.40	1,020.00	215.35	225.00	232.90	51.1%	2	57
258	1	46.9%	2.24	1.68	2.85	1,040.00	0.00	0.00	198.80	—	2	0
199	34	53.1%	3.00	0.21	4.00	1,060.00	254.45	264.05	274.00	54.5%	3	20
119	6	50.8%	4.25	0.00	2.50	1,080.00	0.00	0.00	209.95	—	6	0
226	2	51.2%	1.15	0.50	2.00	1,100.00	279.65	295.55	230.10	—	2	18
107	2	51.6%	1.16	0.00	3.25	1,120.00	0.00	0.00	284.00	—	2	0
84	5	53.1%	0.85	0.01	1.50	1,140.00	0.00	0.00	285.30	—	2	0
248	5	51.0%	0.55	0.00	0.87	1,160.00	339.05	355.15	281.25	—	10	0
682	12	55.9%	0.49	0.00	2.54	1,180.00	359.25	375.25	299.15	—	10	0
110	12	55.1%	0.39	0.06	1.75	1,200.00	379.10	395.30	363.80	—	2	0
275	2	59.2%	0.60	0.00	2.37	1,220.00	410.80	426.60	420.30	81.4%	2	0
49	2	56.7%	0.41	0.00	1.37	1,240.00	—	—	—	—	—	—
105	1	54.7%	1.34	0.00	0.80	1,260.00	450.80	466.45	434.15	85.6%	1	0
43	2	70.9%	2.19	0.00	4.35	1,280.00	460.75	476.60	268.30	—	—	0
96	7	72.8%	0.24	0.00	4.35	1,300.00	—	—	—	—	—	—
85	8	74.7%	0.24	0.00	4.35	1,320.00	500.65	516.60	300.80	—	—	0
19	1	76.3%	0.01	0.00	4.30	1,340.00	519.65	535.70	505.55	—	—	0
81	8	78.1%	0.90	0.00	4.30	1,360.00	—	—	—	—	—	—
48	1	79.8%	0.73	0.00	4.30	1,380.00	—	—	515.65	—	—	—
30	5	81.5%	0.65	0.00	4.30	1,400.00	—	—	—	—	—	—
33	4	63.0%	0.25	0.00	0.45	1,420.00	—	—	—	—	—	—
29	2	84.8%	1.40	0.00	4.30	1,440.00	—	—	—	—	—	—
70	8	86.4%	0.32	0.00	4.30	1,460.00	—	—	—	—	—	—
40	2	88.0%	0.21	0.00	4.30	1,480.00	—	—	—	—	—	—
30	8	89.5%	0.01	0.00	4.30	1,500.00	681.20	696.60	521.50	—	1	0
113	14	91.0%	0.24	0.00	4.30	1,520.00	—	—	—	—	—	—
57	2	92.5%	0.02	0.00	4.30	1,540.00	—	—	—	—	—	—
83	1	77.5%	0.02	0.00	0.93	1,560.00	—	—	—	—	—	—
80	1	95.5%	0.36	0.00	4.30	1,580.00	—	—	—	—	—	—

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 November 20, 2026 expiration, the CAT put/call ratio based on open interest is 0.92 (12,606 puts vs 13,655 calls), and 2.45 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 November 20, 2026 is about 44.8%, 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.