Caterpillar Inc. (CAT)
Caterpillar Max Pain By Strike
CAT trades at $422.92, pinned near the near-term max pain of $420 expiring Sep 12, 2025 (2 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($350-$440), signaling increased put positioning or downside protection. Key magnetic zone at 420 where 5 expirations converge.
Caterpillar Max Pain By Expiry
Max pain for CAT shows a downward trend from 440 to 350, indicating bearish sentiment or hedging activity. The 22% spread signals divergent expectations across timeframes. Most levels below 422.92 may cap rallies. Strong magnetic level at 420 (5 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.
Max Pain Table
| Expiration Date | Max Pain | Max Pain vs Current Price |
|---|---|---|
| Sep 12, 2025 | 420 | -2.92 (-0.69%) |
| Sep 19, 2025 | 390 | -32.92 (-7.78%) |
| Sep 26, 2025 | 420 | -2.92 (-0.69%) |
| Oct 3, 2025 | 420 | -2.92 (-0.69%) |
| Oct 10, 2025 | 420 | -2.92 (-0.69%) |
| Oct 17, 2025 | 430 | 7.08 (1.67%) |
| Oct 24, 2025 | 420 | -2.92 (-0.69%) |
| Nov 21, 2025 | 410 | -12.92 (-3.05%) |
| Jan 16, 2026 | 360 | -62.92 (-14.88%) |
| Feb 20, 2026 | 430 | 7.08 (1.67%) |
| Mar 20, 2026 | 390 | -32.92 (-7.78%) |
| May 15, 2026 | 440 | 17.08 (4.04%) |
| Jun 18, 2026 | 370 | -52.92 (-12.51%) |
| Sep 18, 2026 | 410 | -12.92 (-3.05%) |
| Jan 15, 2027 | 370 | -52.92 (-12.51%) |
| Jun 17, 2027 | 350 | -72.92 (-17.24%) |
| Dec 17, 2027 | 440 | 17.08 (4.04%) |