Caterpillar Approaching An Earnings Release
What a week for Caterpillar. Now this. A printout showing how one series of Calls, the $390.00 series traded on Tuesday last week. Thursday was January 23th. It was up over 313% in one day. If you look at the chart you can see how the stock moved up. Now look at how the same series of Calls closed out the week. Now notice the small volume of trading in this series of Calls and notice the very small outstanding "open interest" numbers. Caterpillar has over 130,000 employees. It boggles my mind that it's Call options don't have more of a following. I have mentioned this before and many of us know one of the the reason why. Caterpillar never has much gossip to talk about, other than the strike it had last year. Contrast this to let's say a stock like Apple. Apple like Caterpillar has an earnings report coming out this week. What might happen to it is widely reported. Wall Street is bracing for a weak iPhone sales number, especially in China, and a guide down for t...
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