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Deere Trading Sideways On October 1st 2024 - Few People Trade These Ones

The stakes are huge. Is Deere slipping? Here is it's five day chart. Could Deere slip to $412.00 on the opening? If it did, could it slip further? The chart looks to me like it wants to open lower. Could you grab some Call options on a weak opening and try to play it for a rebound? Does history repeat itself? Here are how the 417.50 series of Calls traded yesterday on Oct 1st. Can you see how they dipped on the opening and came charging back up? That's the kind of action option traders like to see. Look at how few contracts trade on a daily basis. Clearly trading Deere options is like skating on thin ice. To add some sort of prespective on todays action here is how the indexes traded today. Shown above was Deere's five day chart. Here now is a look at how Deere traded traded today. After a nervous start it showed some strenght in the early afternoon. Now a premarket look at Deere on Wednesday October 2nd. Look at these four stocks and look at the premarket bids and ask
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"Caterpillar Calls" and a Thursday Morning Bounce"

Does playing "Caterpillar" options on Tuesdays ,Wednesdays and Thursdays give you enough time to make money? It can be a little bit scary because your fighting the issue of time values eating away at the cost of your options and you have to get the direction of which way you think the stock is going to go lined up properly. Buying in late in the day looking for morning bounces is one way to play it. I prefer Thursday and Friday plays on "Caterpillar". This week on Tuesday I purchased both the 237.50 series of Calls on "Caterpillar' and the 240 series of Calls. On Wednesday I was down 30% on my investment from the previous days purchases and on Thurday morning there was a bounce on the opening. I got out.
This little prinout says sell one contract, the 237.50 contract at $5.27 at 9:40.a.m. On the buy side I bought in on Tuesday at 3:47 p.m. and paid $2.22. Here is the ticket and here is another chart showing the bounce. ( My 240 Calls did equally as well, I bought the 237.50 contract as insurance after the 240 Calls were starting to disappoint on Tuesday).
How did I pick my exit point of 9:40 a.m.? That's always the really difficult part I struggle with and more often than not I get out to soon. In this case can you see how a second buying opportunity presented itself later in the afternoon. Why do I like "Caterpillar" Call and Put options? One of the reasons is that seldom does this stock have news releases. That's to me is a good thing.

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