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Playing Eli Lilly Calls On A Thursday.

Here is it's chart. Look at the extreme on day price movements. Here are what the indexes are doing at 11:10 a.m.. Now the Eli Lilly Calls twelve dollars "out-of-the-money" with one day to go. Now this, an end of day report. Now it's five day chart including today's action. To be continued. There is still reason to be optimistic. Now this in Friday's premarket. Friday was a suprise. The 140 Calls turned into a suprise. Very few traders had the guts to play them. This happened. Eli Lilly often suprises. Jumping in on wednesday on the downside or jumping in on friday morning was the way to play it.
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Disappointment on The Opening - Caterpillar Earnings Report

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Caterpillar's earnings report. What I see is 4th quarter sales up 23%. Strong 4th quarter earnings of $3.71 per share.That's a solid number. Just think, the supply chain issue isn't being used as a mistake. Now look at the the opening options market. The stock is down on the news. Management made a few remarks about near term headwinds. They do that sometimes to temper growth expectations. These two quotes are the 205 Call series which expire today. One is at 9:44 a.m. and one is at 10:03 a.m.. They would be very dangerous to consider purchasing since its very unlikely that they could ever shake off this downward spike so early in the morning. So now what? It's at this time in the morning when the decision to reacte to this bad news gets tricky. The stock is down like ten dollars and the DJI is having a good day. There is a strong tempation to jump in on the upside hoping for a quick reversal. That's one of the things that makes option trading so difficult. One...
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