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: Dec 17, 2027
Days to expiration: 432
Share price: $800.47
Put/call ratio (OI): 0.62
Put/call ratio (volume): 0.54
ATM implied volatility: 39.8%
Expected move: ±$346.33
Open interest (C / P): 7.63K / 4.74K

CAT options summary

The CAT options chain for the December 17, 2027 expiration lists 89 call and 71 put contracts, with 432 days until expiration. Open interest stands at 7,631 calls and 4,738 puts, a put/call ratio of 0.62, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $800.00 strike is 39.8%, which implies the market expects a move of about ±$346.33 (43.3%) in Caterpillar stock by expiration.

The most open interest sits at the $1,360.00 call (770 contracts) and the $400.00 put (591 contracts).

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

CAT options chain · December 17, 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
8	1	74.6%	583.44	588.00	606.00	210.00	0.00	5.80	0.53	64.1%	5	46
5	2	211.8%	682.00	696.00	714.00	220.00	0.00	4.10	2.20	58.6%	1	28
4	1	—	327.25	398.50	403.50	230.00	0.09	8.10	3.38	63.7%	7	198
—	—	—	—	—	—	240.00	0.00	0.00	3.57	25.0%	5	0
0	1	—	361.58	393.00	397.50	250.00	0.00	0.00	2.51	25.0%	1	0
0	2	—	444.38	0.00	0.00	260.00	0.17	1.84	0.96	50.5%	2	6
3	1	68.2%	555.61	532.00	550.00	270.00	0.00	2.15	1.84	50.1%	2	79
1	—	—	164.44	204.50	209.00	280.00	0.55	6.55	5.38	52.9%	1	11
4	1	65.6%	531.65	512.00	532.00	290.00	0.00	0.00	4.14	12.5%	6	0
19	2	64.9%	498.14	504.00	522.00	300.00	0.00	2.66	1.70	47.2%	2	44
4	1	—	183.80	268.50	273.00	310.00	0.43	2.85	1.94	46.3%	4	14
8	3	63.5%	492.88	486.00	504.00	320.00	1.06	3.25	2.30	45.9%	2	13
9	1	134.0%	477.00	570.00	588.00	330.00	1.38	3.55	3.05	45.3%	1	48
4	1	130.9%	473.12	560.00	580.00	340.00	2.08	8.55	5.00	52.5%	1	12
0	1	—	593.82	0.00	0.00	350.00	2.01	5.25	3.51	45.9%	2	40
1	1	—	208.51	255.50	260.50	360.00	0.00	20.00	9.40	51.3%	4	15
9	1	60.4%	524.00	444.00	458.00	370.00	3.40	7.65	8.04	46.8%	2	5
5	2	56.9%	357.41	430.00	448.00	380.00	0.00	0.00	10.30	12.5%	6	0
3	2	58.4%	479.00	426.00	439.45	390.00	4.95	6.45	5.54	42.3%	10	68
26	1	69.2%	444.80	430.00	450.00	400.00	5.40	7.25	6.80	42.1%	3	591
10	12	57.4%	403.30	408.00	423.60	410.00	6.30	7.85	6.35	41.6%	1	138
0	1	—	422.88	0.00	0.00	420.00	7.15	8.65	8.30	41.2%	1	207
70	1	55.7%	407.29	390.00	406.00	430.00	7.35	10.70	8.80	42.1%	5	37
37	5	55.4%	391.56	382.00	398.00	440.00	5.70	12.90	10.44	42.9%	1	196
13	4	50.1%	231.72	370.00	374.50	450.00	9.35	12.90	11.10	41.6%	3	48
91	10	112.0%	585.04	474.00	494.00	460.00	7.85	14.20	14.15	41.4%	4	40
11	1	53.7%	385.79	358.00	372.00	470.00	5.90	15.40	14.00	41.0%	3	12
10	2	52.2%	338.47	348.00	362.15	480.00	7.75	16.95	15.15	40.9%	18	73
13	2	52.1%	371.25	340.00	355.15	490.00	8.65	19.50	15.55	41.4%	1	21
84	2	51.5%	363.45	332.00	346.75	500.00	16.25	19.50	17.00	40.1%	10	240
108	4	50.9%	318.31	318.00	330.45	520.00	19.35	21.75	17.47	39.0%	1	48
19	1	53.0%	321.00	302.00	315.10	540.00	23.10	25.55	20.05	38.6%	9	47
41	2	53.1%	316.95	286.00	302.50	560.00	26.65	31.45	23.55	39.1%	1	55
16	1	101.2%	421.96	401.95	418.00	580.00	31.60	34.05	32.35	37.7%	3	287
152	10	50.5%	292.00	257.95	271.60	600.00	36.35	42.55	37.32	38.8%	1	221
0	50	—	282.25	0.00	0.00	620.00	41.25	45.55	37.50	37.3%	5	61
112	1	49.1%	264.62	232.00	244.85	640.00	42.30	55.25	50.35	38.4%	2	119
100	1	48.9%	282.00	218.05	233.25	660.00	49.60	62.15	58.15	38.0%	2	199
340	2	48.4%	205.76	206.00	221.15	680.00	59.75	66.65	63.00	36.8%	1	121
389	1	48.2%	215.00	195.80	210.50	700.00	66.95	73.25	70.25	36.1%	1	109
292	1	46.9%	211.00	184.35	196.70	720.00	76.75	80.70	81.80	35.5%	82	121
104	1	46.3%	182.88	174.00	185.55	740.00	82.70	90.30	90.40	35.5%	6	165
122	1	46.5%	170.50	166.90	177.20	760.00	93.60	100.90	84.75	35.7%	1	74
712	1	47.0%	160.27	154.00	170.00	780.00	100.85	111.35	113.42	35.6%	2	31
80	1	45.7%	154.20	146.00	161.55	790.00	105.95	114.05	112.50	34.7%	1	28
62	1	45.3%	185.09	146.55	156.15	800.00	113.80	118.15	120.60	34.3%	2	137
CAT $800.47
15	1	45.5%	158.00	142.55	153.05	810.00	118.45	124.10	128.33	34.3%	2	23
51	3	45.3%	139.69	138.50	148.45	820.00	118.00	136.00	121.10	36.0%	1	198
37	2	45.5%	173.54	135.70	145.15	830.00	129.45	136.95	127.20	34.6%	8	57
36	2	44.9%	142.20	130.90	139.45	840.00	134.55	142.65	134.00	34.4%	1	19
42	13	44.5%	173.25	122.60	134.45	850.00	140.35	147.85	120.50	34.1%	1	62
395	1	45.5%	128.60	116.00	134.30	860.00	140.00	154.90	153.60	34.3%	3	53
155	2	44.8%	134.29	120.00	128.65	870.00	150.75	163.25	131.11	34.8%	1	9
43	3	44.3%	117.25	115.30	123.35	880.00	158.00	167.95	133.82	34.3%	2	20
109	10	44.5%	124.17	109.20	120.80	890.00	161.45	173.80	162.95	34.0%	2	8
219	19	44.3%	154.47	106.70	117.05	900.00	165.45	184.00	178.25	35.0%	2	49
190	14	43.8%	112.12	100.15	109.05	920.00	0.00	0.00	205.23	—	2	0
184	1	44.5%	109.45	93.25	105.80	940.00	194.80	207.80	206.77	33.6%	2	116
65	2	44.0%	127.04	87.15	98.35	960.00	210.25	219.55	210.63	32.6%	4	52
43	1	43.5%	95.00	83.45	91.60	980.00	238.00	253.20	224.18	38.2%	1	1
87	1	43.3%	80.00	77.30	86.15	1,000.00	0.00	0.00	252.40	—	2	0
33	2	43.2%	84.68	73.30	81.15	1,020.00	252.65	268.00	276.04	33.2%	1	3
45	1	43.1%	79.87	68.10	76.30	1,040.00	265.90	284.00	277.30	33.1%	2	5
39	13	43.5%	90.70	62.85	73.25	1,060.00	284.10	295.45	292.20	31.4%	—	1
55	10	43.9%	86.11	59.75	70.80	1,080.00	0.00	0.00	293.71	—	8	0
74	2	44.0%	67.60	57.10	67.45	1,100.00	320.00	340.00	330.99	35.2%	—	1
104	2	43.1%	59.24	49.30	60.95	1,120.00	336.00	356.00	316.09	34.8%	2	1
83	13	43.3%	57.51	48.35	58.15	1,140.00	352.00	372.00	365.56	34.3%	—	1
369	17	42.9%	54.10	44.35	53.90	1,160.00	—	—	—	—	—	—
259	1	42.6%	63.93	42.15	50.00	1,180.00	—	—	—	—	—	—
37	121	44.9%	44.55	34.00	54.00	1,200.00	345.80	362.00	338.00	—	1	1
42	12	43.0%	50.75	36.90	45.80	1,220.00	—	—	—	—	—	—
125	2	44.4%	42.00	34.50	47.15	1,240.00	—	—	—	—	—	—
33	2	42.5%	39.30	33.70	39.45	1,260.00	—	—	—	—	—	—
22	7	45.0%	39.05	24.00	44.00	1,280.00	—	—	—	—	—	—
33	2	42.3%	32.60	30.45	34.80	1,300.00	—	—	—	—	—	—
179	20	43.6%	35.45	24.20	35.95	1,320.00	—	—	—	—	—	—
44	2	42.5%	31.37	24.95	31.60	1,340.00	—	—	—	—	—	—
770	2	43.7%	32.75	23.30	32.50	1,360.00	—	—	—	—	—	—
70	2	42.7%	29.25	22.10	28.60	1,380.00	—	—	—	—	—	—
21	1	42.7%	31.00	20.45	27.10	1,400.00	—	—	—	—	—	—
9	2	42.7%	25.15	19.00	25.55	1,420.00	—	—	—	—	—	—
28	4	43.1%	35.20	15.95	24.90	1,440.00	—	—	—	—	—	—
20	2	44.2%	22.43	14.50	26.00	1,460.00	642.00	658.50	459.97	—	—	5
13	2	43.5%	20.60	13.55	23.20	1,480.00	658.00	676.00	650.70	—	—	0
14	12	43.3%	21.05	14.00	21.50	1,500.00	—	—	—	—	—	—
10	2	44.4%	20.80	9.40	22.50	1,520.00	—	—	—	—	—	—
25	44	44.7%	24.20	10.90	21.90	1,540.00	—	—	—	—	—	—
24	2	44.8%	20.83	7.40	21.10	1,560.00	—	—	—	—	—	—
279	1	43.9%	16.00	13.00	18.35	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 December 17, 2027 expiration, the CAT put/call ratio based on open interest is 0.62 (4,738 puts vs 7,631 calls), and 0.54 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 December 17, 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.