Caterpillar Down $40.00 In One Day

Caterpillar was over $1,000 a share recently and now it's pulled back to $700.00 So it dropped and came back a touch and dropped again. After drops like this it usually goes sideways for a few days. Is buying tomorrows "at-the-money" Calls which are "at-the-money" will cost you about $1,000.00 for one contract, pushing the envelope to much. Look at the low trading volume in them. What I do like about them is that it had one uptick after it's big fall today. Will bargain hunters start to jump back into it during the last hour of trading today? But here is the deal. I just did a blog about Walmart and the approach I talked about did have some merit. This Caterpillar situation will not sit well with many option traders and I don't particulary like looking for end of day two hour situations. There are easier things to get excited about. Now a 2:45 p.m. look at the action. Remember in past blogs I have talked about the wide spread between the "bid-and-...