Cryptic crossword clue
Having mistaken opinions, cat seizes American in wood 10

The most common and most likely answer to this crossword clue is the 10 letter word DELUSIONAL

I've seen this crossword clue in Financial Times
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Buddy explains!

The straight part
We know that "Having mistaken opinions" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case having mistaken opinions = delusional.
The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.
This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.

What does DELUSIONAL mean?

DELUSIONAL noun
  1. A person suffering from a delusion.
DELUSIONAL adjective
  1. Suffering from or characterized by delusions

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