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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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"Revisiting My Last Blog on Ford Dropping One Dollar"

"Ford" dropped hard last week during a one day period of time as did "G.M.". Both stocks were more skiterish than usual. The reason for this was later attributed to a storage of chips. That's strange, why was this new news? Here is what the two stocks did.
I mentioned we should be watching "Call" options which expire not a few days after this happened but to look a few weeks or many months out. I suggested the May 21st "Calls" when they were trading at bid .45 ask .46 and the Jan 11th "Calls" when they were trading at 1.71- 1.72 . Now here is a look where they are at now.
It's not much of a gain but a small gain in the right direction. 'Playing the market' to me is bit of a misnomer. The more trading you do the better you become in reacting to unexpected situations.

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