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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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McDonald's And An Earnings Report

I was sitting in the drive through line yesterday at McDonalds redeeming a free coffee sticker won from being there a few days prior. It was a long line up for mid-afternoon. I am not a fast food junkie. I found myself thinking of how the Domino Pizza stock was on a terror for much of last year but not so much now. When we were all locked in last year everyone was ordering their pizza. I was also wondered if they would now accept my little free coffee sticker as it was only thumbnail size. Then when I pulled up to the drive thru window I hit a patch of bees. Apparently for whatever reason they were enjoying being at that window. They gave me my free coffee. Boy it was busy there.
I note in this option series that there were only 292 open contracts. That small number suprises me. Why didn't more option players see this coming?

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