Caterpillar Mid-Week Options Surprise

Does this chart scare you? It looks strong, right? What about this chart? It's Caterpillar. Look at how it spiked down on the opening on the previous day and jumped up $20.00 and then went sideways for the rest of the day. This next chart shows that better. The spike down on the previous day can be considered a red flag. As mentioned prevoiusly very few option traders have the guts to play options on the this stock. The same is true with John Deere. Now look at the closing price of the Caterpillar 865 and 860 series of Puts. They might look to be expensive however this stock can move quickly. Also look at how low the open interest is in both of these series. So we are talking about making a $1,000.00 or $1.100.00 bet to the downside with three trading days left. In the recent few weeks we are witnessing more spikes. I talked in the past about Shopify sometimes spiking and they losing it's gain a few days later. Watch what is now happened to Caterpillar ten minutes into the ...