Caterpillar (CAT) volatility decreases as shares rally to record high on results

Caterpillar (NYSE: CAT) is recently up 2.5% on solid Q1 profit and sales results. Wells Fargo say's "Big beat and raise- -Future positive new flow, should be positive for CAT." May put option implied volatility is at 25, below a level of 28 prior to the release of Q1 results and below its six-month average of 30 according to Track Data.

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