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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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Power Surges in Option Trading

If your an "Uber" driver working in the downtown core of major cities you know about power surges. If a subway breaks down and the system is broken hundreds of people suddenly need rides. At the very same time the rates you charge will spike up. That's the best time for "Uber" drivers to be out driving. Well playing options on stocks with a day or two to go until they are about to expire is kind of the same thing. Friday May 7th was one of those days. If we look at "Boeing" and "Caterpillar" we will see two examples of what I am talking about. First "Boeing" and it's one day chart and a look at it's 230 "Call" options and it's 232.50 Call" options. What specifically we are looking at is the highs and lows on the trading price of the option series. In the first case there are two sets of numbers. A low of .51 and a high of 6.90 and a low of .16 and a high of 3.40 That's the price swings of the options in one day.
Here now is a look at the "Caterpillar" "Call" options which mimic these same price movements. In this case we are looking at the 235 and 237.50 series of "Call" options and the numbers are a low of .80 and a high of 6.87 and a low of .18 and a high of 4.40
What was the juice that made for these staggering returns? Well in the case of "Boeing" is was the price drop that happened on the opening at 9:34 and in the case of "Caterpillar" it was the opening price drop that happened at 9:33 also on the opening. To catch it at it's extreme your timing had to be perfect. My timing of in at .60 and out at 1.81 on "Caterpillar" that I referenced in my last blog shows that my timing skills need some honing. Uber driver's take note. If your out driving on a Friday morning during one of your surges do what you do best and just keep driving. Don't be fiddling on your phone trying to make these kind of trades. The End.

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