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Deere Jumped.

If it jumped this much can you purchase a Put $8.69 "out-of-the-money" that expires tomorrow in the hopes that some of the froth comes out of this stock? How do you jump in to play the downside with any confidence. Is a reversal imminent? It becomes a question of waiting it out. When G.M. had an earnings report back about three weeks ago the stock jumped something like four or five dollars and then hung in at that higher level for an extended period of time. Here is a chart showing that. Once Deere stops going up is it going to linger sideways for a while? Probably not. It's not like the company suddenly discovered gold. They make tractors. Let's find out. It's now noon. Suprisingly Caterpillar is not jumping up in sympathy. Would that give you a reason to be looking at it's Calls? Here is one series that expire tomorrow about $5.00 "out-of-the-money". Let's see what happens. Now back to Deere again. These Puts are now $25.95 dollars ...
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Spacs

Are a new animal and sometimes go dormant until something happens. If your a fan of "Caterpillar","Ford" and "Boeing" options your not really looking in that space. Sometimes it nice to have a list of "outside the box" companies" to watch. Here is one of those list and here is my experience with one of those such companies. Well, not the exact list but one similar to it.
- this one with the symbol "APXT' I played it yesterday and today.
In at noon yesterday, ten contracts at .35 each and out the next morning June 3th 2021 at 7:14 a.m. at .95 each. I kind of saw it go up after I bought so yes I did put in a sell ticket early in the morning at a price I was thinking it would hit. What happened was kind of interesting. Call it a perfect storm as the company came out with a news report. Option traders know that one dollar increase on ten dollar stocks can do wonders, even if we are talking about regular stocks and not spacs. A couple of footnotes.
Shown above is the days trading on the stock. The options opened at .40 cents and went as high as $1.25. What I find amazing is my fill in the pre-market when the options opened so much lower. I didn't check to see if I got a fill on the opening which was a mistake on my part, because if I knew I was filled at .95 and I the options were back in the .45 cent range I would have purchased more of them.

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