Covered Calls

Caterpillar Inc

CATNYSE · USD

600.20USD0.00 (-0.84%)

785

Caterpillar Inc (CAT) Covered Calls

Caterpillar Inc trades in the Farm & Heavy Construction Machinery industry with an IV Rank of 65.87%, average versus the past year. CAT's highest covered call setup is the $880.00 strike expiring Nov 20, 2026, sorted by theoretical annualized return. It's 46.62% out of the money with 7 days to expiration, a 46.62% return until expiration, and a 2,430.87% theoretical annualized return. Across the setups shown, annualized returns run from 716.29% to 2,430.87% at strikes between $682.50 and $1,580.00, with 7 to 63 days to expiration, as of Nov 13, 2026.

Running CAT covered calls helps you generate income from Caterpillar Inc shares you already own, turning a long stock position into a yield producing asset. A covered call means holding the underlying stock and selling a call option against it, collecting premium in exchange for capping upside at the strike. Use our scanner to find the best CAT covered calls in real time and filter for the strikes, expiries, and premiums that fit your strategy.

A covered call pairs limited risk with a clear income profile. If CAT stays below the strike at expiration, you keep the premium and the shares. If it rises above, you deliver the stock at the strike and still pocket the premium. Selling CAT covered calls works best when implied volatility is elevated, since richer premiums improve the risk reward. Key inputs include strike selection relative to delta, days to expiration, annualized return, and probability of assignment, all of which determine whether a given CAT covered call is worth writing.

Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, and industrial gas turbines worldwide. Its Construction Industries segment offers asphalt pavers, backhoe loaders, compactors, cold planers, compact track and multi-terrain loaders, excavators, motorgraders, pipelayers, road reclaimers, site prep tractors, skid steer loaders, telehandlers, and utility vehicles; mini, small, medium, and large excavators; compact, small, and medium wheel loaders; track-type tractors and loaders; and wheel excavators. The Resource Industries segment provides electric rope shovels, draglines, hydraulic shovels, rotary drills, hard rock vehicles, track-type tractors, mining trucks, longwall miners, wheel loaders, off-highway trucks, articulated trucks, wheel tractor scrapers, wheel dozers, fleet management, landfill compactors, soil compactors, machinery components, autonomous ready vehicles and solutions, select work tools, and safety services and mining performance solutions.


2026-11-20	7	880.00	46.62	0.01	0.25	27981.00	46.62	2430.87	-0.00	+0.00	718	0.24
2026-12-18	35	1220.00	103.27	0.01	0.45	61981.00	103.27	1076.93	-0.00	+0.01	46	0.44
2026-12-18	35	1200.00	99.93	0.01	0.03	59981.00	99.94	1042.18	-0.00	+0.00	1,012	0.02
2026-11-20	7	710.00	18.29	0.05	0.09	10985.00	18.30	954.33	-0.01	+0.01	251	0.04
2027-01-15	63	1580.00	163.25	0.02	0.03	97982.00	163.25	945.81	-0.00	+0.00	131	0.01
2026-11-20	7	700.00	16.63	0.10	0.31	9990.00	16.64	867.89	-0.02	+0.01	927	0.21
2026-11-20	7	697.50	16.21	0.01	0.45	9731.00	16.21	845.39	-0.00	+0.02	0	0.44
2026-11-20	7	687.50	14.55	0.04	0.34	8734.00	14.55	758.77	-0.01	+0.01	197	0.30
2026-11-20	7	685.00	14.13	0.09	0.45	8489.00	14.14	737.49	-0.01	+0.02	294	0.36
2026-11-20	7	682.50	13.71	0.15	0.48	8245.00	13.74	716.29	-0.02	+0.02	12	0.33

As of Nov 13, 2026

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Stock Statistics

IndustryFarm & Heavy Construction Machinery
SectorIndustrials
IV Rank65.87% Moderate
Market cap (M$)274,648
52 weeks high-44.09%
52 weeks low11.75%
Analyst recommendationBuy
1.94
Target price$827.52
37.87% above the current stock price
Dividend—
Payout ratio31.58%
Earnings date2027-02-04
P/E23.54
Future P/E18.64
EPS (ttm)25.49
EPS growth next 5 years26.53%

As of Nov 13, 2026

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