Trade worries fester, even as Wall Street shrugs off latest tariffs

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Bullish Options Bias in Caterpillar (CAT) Targets Upside in Shares Through November Amid Trade News & Upcoming Earnings -Susqeuhanna

July 10, 2018 2:57 PM EDT

Susquehanna options strategist Alison Edwards notes bullish options activity in Caterpillar (NYSE: CAT), as an opening investor bought 3k Nov 150/175 call spreads for $4.25, implying a bullish bias but limited above $175. Nov options capture the next two earnings release, and potentially any stock moves related to trade and China.

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