Wednesdays Can Be Turn Around Days for One Week Options. Deere
Let's start with two charts. A five day chart and a one day chart as we approach noon today. .... ... Now a look at these two series of Puts which will be expiring this Friday. The 512.50 and the 510.00 Puts. These are thinly traded options with the built in worry of having a wide spread between the bid and ask. In some ways that doesn't matter, knowing that a ten dollar swing would not be out of the norm. More concerning however is the size of the spread on these next sightly "out-of-the-money" Puts. With spreads this far apart they would be difficult to buy into and sell out of. No one is giving away free money. Let's follow this story and see what ends up happening.