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: Mar 19, 2027
Days to expiration: 159
Share price: $800.47
Put/call ratio (OI): 1.37
Put/call ratio (volume): 1.54
ATM implied volatility: 39.8%
Expected move: ±$210.46
Open interest (C / P): 3.82K / 5.24K

CAT options summary

The CAT options chain for the March 19, 2027 expiration lists 77 call and 61 put contracts, with 159 days until expiration. Open interest stands at 3,818 calls and 5,236 puts, a put/call ratio of 1.37, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $800.00 strike is 39.8%, which implies the market expects a move of about ±$210.46 (26.3%) in Caterpillar stock by expiration.

The most open interest sits at the $980.00 call (232 contracts) and the $660.00 put (398 contracts).

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

CAT options chain · March 19, 2027

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
19	—	229.2%	609.80	574.10	590.60	340.00	0.00	0.00	1.01	25.0%	42	0
2	—	223.4%	600.40	565.05	580.75	350.00	0.00	4.50	0.42	64.6%	1	64
0	—	—	509.60	0.00	0.00	360.00	0.00	4.35	0.77	62.3%	2	158
2	2	213.3%	436.59	548.00	561.40	370.00	0.00	4.60	1.03	60.9%	4	17
7	2	96.3%	527.19	432.85	448.85	380.00	0.00	1.96	0.86	51.8%	2	26
3	1	69.6%	437.92	409.20	424.65	390.00	0.00	1.74	1.31	54.6%	12	54
12	1	68.2%	428.41	399.50	414.95	400.00	0.00	1.64	0.79	52.4%	3	19
0	8	69.0%	424.75	392.00	405.25	410.00	0.00	1.97	1.45	52.2%	2	39
16	28	173.9%	615.80	482.60	498.65	420.00	0.00	2.52	1.37	52.7%	28	41
7	6	66.1%	391.55	372.90	385.75	430.00	0.01	2.09	1.54	49.4%	95	115
3	1	83.9%	453.97	375.75	391.30	440.00	0.13	2.45	1.00	49.1%	1	84
17	2	82.2%	483.00	366.35	382.10	450.00	0.72	2.51	1.86	47.7%	3	44
26	14	175.6%	357.80	466.00	481.00	460.00	0.41	3.00	1.35	47.6%	1	16
19	1	171.9%	457.93	456.30	472.50	470.00	0.87	3.20	1.56	46.5%	12	101
2	1	77.3%	395.00	338.55	354.25	480.00	1.37	3.20	2.60	45.0%	1	31
8	2	75.8%	427.25	331.10	343.50	490.00	1.66	3.70	1.99	44.7%	6	66
0	1	—	342.50	0.00	0.00	500.00	2.16	4.20	2.95	44.2%	1	182
6	1	54.5%	321.87	287.70	299.30	520.00	2.85	5.45	3.70	43.5%	1	24
5	2	52.5%	283.90	267.45	282.70	540.00	5.10	6.05	6.50	41.4%	1	178
0	1	—	329.37	0.00	0.00	560.00	6.05	9.15	5.29	42.6%	2	133
19	2	54.5%	251.80	233.90	245.30	580.00	9.20	10.65	10.05	41.1%	3	159
17	1	52.8%	233.53	216.50	228.15	600.00	11.25	12.60	11.95	39.8%	6	245
13	2	52.4%	207.30	202.85	213.05	620.00	13.90	16.80	14.90	40.2%	2	76
28	1	51.5%	202.10	184.30	197.70	640.00	17.35	21.05	19.31	40.1%	10	201
24	5	49.6%	238.87	167.90	181.30	660.00	23.05	23.70	23.80	38.4%	22	398
28	11	47.5%	202.56	156.90	164.80	680.00	25.05	31.20	31.10	39.5%	35	331
73	1	46.0%	157.40	142.90	149.60	700.00	32.10	36.90	34.95	39.0%	3	362
41	3	45.7%	143.45	129.85	137.15	720.00	39.35	41.55	40.70	37.5%	3	271
156	2	44.9%	133.40	116.95	124.45	740.00	46.85	51.50	47.50	38.5%	2	186
23	2	43.7%	107.95	106.90	111.45	760.00	52.40	60.90	57.73	38.7%	15	171
28	9	44.9%	107.81	94.20	103.95	780.00	63.30	69.25	64.70	38.0%	3	234
19	3	42.9%	99.37	87.50	95.10	790.00	66.95	73.70	74.00	37.6%	1	89
56	5	42.6%	89.90	84.75	90.05	800.00	73.05	77.85	74.60	37.0%	2	174
CAT $800.47
52	10	42.6%	83.80	77.75	85.70	810.00	76.50	86.40	84.30	38.5%	3	123
39	1	43.4%	83.05	74.85	83.10	820.00	82.60	88.85	82.65	36.9%	1	79
48	1	43.3%	77.60	69.20	78.80	830.00	87.15	94.55	92.00	36.8%	1	78
54	5	42.0%	71.23	63.80	72.20	840.00	94.60	99.30	71.80	36.1%	11	70
94	6	42.6%	58.50	62.30	69.85	850.00	98.85	106.70	105.85	36.6%	1	124
63	3	41.9%	62.20	60.70	64.95	860.00	103.40	114.60	113.05	37.2%	1	62
71	4	43.3%	59.45	55.40	64.50	870.00	109.75	123.40	111.24	38.3%	2	21
56	2	41.8%	56.90	50.30	57.95	880.00	119.10	125.15	124.50	35.8%	2	69
70	3	42.8%	52.80	49.45	57.05	890.00	124.65	134.25	95.75	36.8%	8	44
169	5	43.5%	50.13	45.45	55.45	900.00	130.25	141.25	107.15	36.7%	1	34
105	13	43.0%	44.90	39.10	48.95	920.00	147.25	154.65	159.65	35.9%	2	42
198	3	42.9%	36.65	33.60	43.60	940.00	162.15	170.15	153.25	36.0%	3	36
67	1	42.3%	62.65	29.90	38.05	960.00	175.80	186.65	171.70	36.3%	2	22
232	8	41.7%	35.90	27.25	32.85	980.00	192.95	202.10	191.25	35.7%	6	41
225	5	42.2%	26.50	25.00	30.05	1,000.00	207.70	219.45	201.90	36.0%	25	49
131	4	42.4%	23.65	20.00	27.00	1,020.00	224.75	237.60	220.95	36.6%	2	11
113	2	42.3%	23.00	18.20	24.00	1,040.00	241.50	256.20	274.20	37.4%	1	34
50	1	42.7%	18.25	14.55	21.85	1,060.00	259.15	272.60	291.85	36.2%	1	2
112	1	42.1%	16.15	13.40	18.60	1,080.00	—	—	—	—	—	—
79	1	41.5%	20.65	11.80	15.65	1,100.00	0.00	0.00	268.65	—	2	0
25	2	42.3%	16.62	9.85	14.75	1,120.00	308.00	321.75	295.70	27.7%	2	2
40	2	42.0%	14.33	8.10	12.80	1,140.00	336.15	346.50	313.50	36.1%	—	1
49	1	42.1%	11.85	7.80	11.35	1,160.00	—	—	—	—	—	—
34	1	42.4%	10.00	7.15	10.35	1,180.00	—	—	—	—	—	—
232	3	41.6%	7.60	6.20	8.40	1,200.00	0.00	0.00	352.45	—	—	0
22	3	42.6%	8.95	4.70	8.20	1,220.00	—	—	—	—	—	—
93	16	42.8%	7.61	3.80	7.40	1,240.00	425.70	437.30	405.30	—	1	1
44	1	43.3%	8.65	2.09	6.95	1,260.00	—	—	—	—	—	—
34	4	43.4%	7.38	2.19	6.20	1,280.00	0.00	0.00	392.20	—	—	0
76	5	43.4%	8.03	2.71	5.50	1,300.00	479.30	495.45	424.00	—	2	2
15	2	43.1%	5.80	1.48	4.70	1,320.00	510.85	526.70	489.45	47.0%	—	0
171	2	43.8%	4.78	2.29	4.50	1,340.00	530.85	546.50	509.15	47.8%	—	0
52	1	44.0%	5.05	1.96	4.10	1,360.00	550.85	564.15	528.90	45.1%	—	0
16	3	44.8%	3.70	1.48	4.00	1,380.00	—	—	—	—	—	—
59	1	44.3%	3.00	1.32	3.35	1,400.00	—	—	—	—	—	—
13	2	44.7%	3.35	0.91	3.15	1,420.00	—	—	—	—	—	—
7	2	45.1%	3.85	0.67	2.94	1,440.00	—	—	—	—	—	—
50	3	44.9%	1.85	1.07	2.55	1,460.00	—	—	—	—	—	—
1	1	46.2%	5.05	0.82	2.72	1,480.00	—	—	—	—	—	—
16	1	45.9%	3.40	0.67	2.35	1,500.00	—	—	—	—	—	—
19	1	47.0%	2.50	0.00	2.45	1,520.00	—	—	—	—	—	—
3	3	48.1%	3.95	0.00	2.55	1,540.00	—	—	—	—	—	—
9	2	47.8%	3.45	0.00	2.22	1,560.00	—	—	—	—	—	—
31	3	47.9%	0.96	0.01	2.03	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 March 19, 2027 expiration, the CAT put/call ratio based on open interest is 1.37 (5,236 puts vs 3,818 calls), and 1.54 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 March 19, 2027 is about 39.8%, 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.