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The Most Expensive Call Option I Have Ever Commented On.

How expensive? $3,250.00. Yikes. It's a hunch I have. A hunch is "a feeling or guess based on intuition rather than known facts". Are you wasting you're time reading about some person you probably don't even know talking about a hunch a stock option? Maybe. Now this. Look at this 30 day Eli Lilly chart. It's ugly. A few days back I looked at its chart when it looked like this. At that time I commented on it and called it a "step-down" chart and a precursor to bad things to come. Are we now at a bottom? Botttons are difficult to predict. Now this. The most expensive Call option I have ever considered. It cost $3,446.00 dollars U.S. and it expires a week Friday. What we are looking for is a turnaround. The potential profits in holding this Call on a good day is like a gain of $100.00 an hour. Would you like to bank your money here? Here we are now 30 minutes later. Look at this printout. It is already up more than $100.00. This is a different wa...
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The Trade Of The Year On Caterpillar Calls. It's No Surprise It Happened On A Friday

In a past blog Caterpillar averted a strike and it was noted that the stock jumped to the moon on that news. Caterpillar has a large following and likes good news-made in America stories. Biden avoided his government running out of money late Thursday and on Friday the stock Caterpillar jumped to the moon. It opened higher and kept going up.There is no looking back now at what happened.
My May 29th blog talked about how Caterpillar had slight bounce last Friday morning and the light volume of option trading on it. With the stock going sideways to down all that week playing Call options on it was out of fashion. Things changed on Friday June 2nd. Caterpillar bounced. So here now is a look at how two "out-of-the-money" series of Call options traded on it on Friday.
Look at the open interest numbers going into Friday. Two hundred and ninety five contracts. Few traders were expecting the news to come when it did. This blog could now go in many directions. Last week both Caterpillar and Boeing struggled on the week and option trading volumes dried up. My attitude was not to trade, to wait for better days. I should have known better, the system is a little bit corrupt. Insiders could gain the most from a late Thursday release of good news. A one day pop in the next days options. That is what happened. On Friday the D.J.I. was up over 700 points. The one day options on Caterpillar were star performers. It was the "trade-of-the-year" on Caterpillar Calls. It doesn't look like any of the 100,000 or whatever the number of brokers and analysis there are out were clued into this action. So strange. * Also think about this. Caterpillar has something like 109,100 employees. I don't understand why there isn't more traders in on this action.

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