Our forecast for Caterpillar suggests that the green wave is currently being developed. We reckon with further price drops in the short term before the beige wave IV can conclude. The pending low should then initiate a trend reversal, which should enable an upward move above $402.16. However, in the context of our 35% probable alternative scenario, the trend...
Looking at the CAT Caterpillar Inc options chain, i would buy the $180 strike price Puts with
2022-12-16 expiration date for about
$6.71 premium.
Looking forward to read your opinion about it.
