Caterpillar (CAT) short duration puts active as shares pullback 5% on Federal agents search offices

Caterpillar (NYSE: CAT) March weekly 90, 92 and 92.50 puts are active on total put volume of 39K contracts (22K calls) on reports Federal agents are search their corporate offices. March weekly put option implied volatility is at 73, March is at 35, April is at 28; compared to its 52-week range of 19 to 34.

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