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: Jun 16, 2028
Days to expiration: 614
Share price: $800.47
Put/call ratio (OI): 1.15
Put/call ratio (volume): 1.17
ATM implied volatility: 40.8%
Expected move: ±$423.07
Open interest (C / P): 2.44K / 2.80K

CAT options summary

The CAT options chain for the June 16, 2028 expiration lists 66 call and 49 put contracts, with 614 days until expiration. Open interest stands at 2,437 calls and 2,796 puts, a put/call ratio of 1.15, which is fairly balanced between calls and puts. At-the-money implied volatility near the $800.00 strike is 40.8%, which implies the market expects a move of about ±$423.07 (52.9%) in Caterpillar stock by expiration.

The most open interest sits at the $1,360.00 call (402 contracts) and the $460.00 put (430 contracts).

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

CAT options chain · June 16, 2028

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
4	1	55.4%	490.00	428.00	442.70	400.00	10.85	13.10	11.77	40.9%	2	38
1	2	55.9%	435.62	420.00	438.00	410.00	12.85	13.95	11.00	40.3%	2	90
4	1	54.9%	403.12	410.00	430.00	420.00	—	—	—	—	—	—
8	2	54.4%	425.38	402.00	422.00	430.00	13.80	18.85	20.80	41.4%	10	9
5	2	53.8%	417.62	394.00	414.00	440.00	15.20	21.30	17.30	41.7%	9	20
6	4	53.8%	388.85	388.00	406.00	450.00	16.10	19.70	16.70	39.5%	1	27
21	1	52.7%	408.95	380.90	395.05	460.00	17.30	23.80	20.00	40.7%	56	430
5	4	53.1%	386.00	374.00	390.00	470.00	20.20	23.10	32.20	39.1%	1	12
3	—	52.5%	358.03	366.00	382.00	480.00	21.05	26.00	30.60	39.5%	1	84
3	—	51.5%	356.44	358.00	372.35	490.00	22.80	27.90	23.95	39.3%	1	7
10	1	51.8%	368.96	352.00	366.80	500.00	22.30	34.80	26.70	41.4%	1	11
0	1	51.4%	349.70	338.00	353.70	520.00	27.75	35.35	29.00	39.1%	1	98
1	1	50.7%	352.75	324.00	339.20	540.00	32.75	39.55	37.00	38.5%	1	18
10	1	52.9%	338.75	308.00	326.00	560.00	38.45	46.70	43.73	38.9%	8	21
163	1	51.7%	291.99	296.00	311.30	580.00	43.10	50.20	50.80	37.7%	2	74
41	5	50.7%	300.65	284.00	297.25	600.00	50.80	53.70	52.00	36.5%	2	342
4	1	50.5%	294.05	270.00	285.80	620.00	54.35	62.65	53.50	37.0%	75	117
4	1	50.2%	260.20	258.00	274.50	640.00	58.90	69.65	64.60	36.7%	19	145
1	—	50.0%	285.28	247.50	264.00	660.00	65.75	77.60	88.17	36.6%	1	68
120	1	48.7%	245.00	236.00	249.80	680.00	75.50	87.45	67.65	36.8%	50	337
119	1	48.3%	238.80	226.00	239.00	700.00	83.25	93.85	92.05	36.0%	1	30
26	2	48.0%	262.40	218.65	228.85	720.00	86.00	101.00	99.80	35.3%	1	4
1	1	47.6%	213.80	204.40	218.75	740.00	97.90	109.10	100.20	34.7%	1	3
10	4	47.3%	212.75	194.00	209.15	760.00	109.50	121.00	104.22	35.0%	1	74
5	3	46.8%	211.49	187.45	199.05	780.00	115.90	134.00	124.00	35.5%	38	398
32	8	46.4%	193.77	176.00	189.60	800.00	125.90	144.00	116.42	35.1%	5	124
CAT $800.47
21	4	46.4%	214.20	166.00	182.35	820.00	138.50	151.65	164.65	34.1%	2	23
27	6	46.8%	177.62	160.10	176.75	840.00	149.80	162.15	155.32	33.6%	1	8
8	4	45.8%	204.00	152.10	165.80	860.00	162.10	175.15	140.00	33.7%	2	111
12	1	45.9%	196.00	144.05	159.50	880.00	173.35	187.95	185.30	33.6%	2	13
90	1	45.7%	156.22	138.25	152.35	900.00	0.00	0.00	204.97	—	29	0
14	1	45.9%	146.60	130.00	146.90	920.00	194.00	214.00	185.50	33.2%	2	24
5	12	45.5%	167.90	123.80	139.45	940.00	208.55	226.00	193.90	32.7%	5	17
104	1	45.2%	138.79	118.00	132.65	960.00	225.30	237.90	242.95	32.0%	13	12
37	1	44.7%	161.40	113.25	125.35	980.00	0.00	0.00	251.00	—	1	0
322	56	44.3%	114.60	110.80	118.50	1,000.00	0.00	0.00	263.78	—	2	0
16	2	44.6%	110.60	101.30	115.00	1,020.00	—	—	—	—	—	—
18	6	44.7%	106.20	95.85	110.65	1,040.00	—	—	—	—	—	—
42	6	44.6%	101.60	91.20	105.65	1,060.00	0.00	0.00	302.88	—	2	0
26	6	44.4%	96.95	86.35	100.50	1,080.00	0.00	0.00	317.55	—	—	0
15	3	44.4%	104.00	80.00	96.35	1,100.00	336.00	356.00	325.95	34.1%	1	2
17	15	44.4%	86.36	78.00	92.50	1,120.00	0.00	0.00	356.30	—	1	0
20	5	43.8%	90.00	76.55	86.35	1,140.00	0.00	0.00	361.43	—	2	0
0	10	6.3%	139.02	0.00	0.00	1,160.00	0.00	0.00	377.08	—	2	0
8	2	43.9%	81.65	67.05	80.00	1,180.00	0.00	0.00	391.13	—	4	0
26	6	43.9%	98.40	61.50	76.75	1,200.00	410.70	426.00	416.00	29.1%	1	3
8	3	44.0%	78.26	59.50	73.90	1,220.00	0.00	0.00	448.90	—	—	0
12	12	43.9%	91.55	56.55	70.45	1,240.00	445.55	458.65	457.00	27.8%	1	1
18	1	44.4%	65.73	52.60	69.30	1,260.00	470.00	484.30	451.25	30.6%	1	1
26	12	44.0%	64.00	49.55	65.15	1,280.00	—	—	—	—	—	—
21	2	43.9%	74.70	49.30	62.30	1,300.00	—	—	—	—	—	—
134	20	43.7%	64.56	44.75	59.25	1,320.00	—	—	—	—	—	—
12	18	44.0%	76.05	44.15	57.90	1,340.00	—	—	—	—	—	—
402	10	43.1%	49.05	44.50	52.30	1,360.00	—	—	—	—	—	—
9	11	43.6%	69.20	42.65	51.95	1,380.00	570.00	589.65	576.64	27.6%	—	0
5	1	43.7%	54.33	38.40	50.05	1,400.00	—	—	—	—	—	—
26	1	43.9%	52.35	35.65	48.80	1,420.00	—	—	—	—	—	—
13	2	43.7%	62.75	35.00	46.25	1,440.00	—	—	—	—	—	—
11	13	43.7%	44.60	32.90	44.40	1,460.00	—	—	—	—	—	—
0	1	6.3%	63.00	0.00	0.00	1,480.00	0.00	0.00	646.15	—	—	0
16	1	42.9%	38.99	30.20	38.75	1,500.00	—	—	—	—	—	—
20	2	42.9%	36.35	32.25	37.20	1,520.00	0.00	0.00	680.22	—	—	0
20	1	43.0%	32.80	30.65	35.85	1,540.00	—	—	—	—	—	—
16	2	43.1%	31.40	28.40	34.65	1,560.00	—	—	—	—	—	—
59	1	43.8%	30.30	24.45	35.30	1,580.00	—	—	—	—	—	—
174	1	43.0%	28.80	25.00	31.75	1,600.00	—	—	—	—	—	—

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 June 16, 2028 expiration, the CAT put/call ratio based on open interest is 1.15 (2,796 puts vs 2,437 calls), and 1.17 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 June 16, 2028 is about 40.8%, 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.