CAT Puts

Todays action is that a quarterly report came out showing that their car production number were down for the quarter. I have talked about this company before. Back on June 13th I wrote about the stock jumping on the news that their prices were coming down. Last November 28th I wrote about production output increasing and I wrote about the company on March 11th, 2022, and Feb 27th, 2022 when it was trading at $20.94. Back in November 2020 it was trading for over $60.00. One car they race is the fastest electric car in the world. Here is how things looked this morning after this report. More news. So now what. It's one year chart. Now this. Look at how it dropped on the opening. Now this. Nio was down $1.16 nine minutes into the opening action. So what make of all this. Production is off, the stock is now discounted, buy "Calls" like five months out for protection and try to get a quick rebound. Here is what happened. In at $163 and out at $238. Nio is not going aw...

Is the party just starting or it is soon to be over? The volume of trading was down today. I don't like trying to make calls on situations like this. I know that back on Nov 5th 2022 when the stock was at $4.41, I wrote a blog on this company and called it "How Long Will The Wait Be For This Company To Turn A Profit". The stock has struggled for a long time. On a different note what happens when hurricanes hit Florida? Home Depot can pop. We have witnessed some pretty wacky weather lately and hurricanes might be next on the list. How does anyone try and make sense out of any of this? You can't. It's best to walk away. But what do I know? A Sept 1st update. Here is it's five day chart. This weeks Calls that expired Sept 1st went up in price all week. **** A Sept 7th Blackberry update. The struggle continues again. **Sept 11th Is all this really welcoming news? * One week later, the stock now at $5.39. Bad news on Oct 5th. Management has a history of...

Do you have one hour and one minute to listen to a conference call? It's a slice of what is happening in the Canadian cannabis industry spoken by the insiders of one Canada's largest growers of it. These insiders were not afraid to talk and they seem to be on top of their game plan. If not, here is the final sentence of it. "We are confident we will lead the industry going forward". At lot of old timers will now start to follow this stock.These guys have huge growing facilities. Listen to what they have to say. It deserves a listen. Is it the dawn of a new day? You decide. Now two weeks later the excitement is fading away. These Calls have dropped to $.15 cents from $.20. Six months is a long time away. A December 2023 update. How did these March Call options make out? Look at this chart. The stock charge up to over $1.50. Yes they would have paid off large.

Back on July 26th I wrote a blog on trading the QQQ's. There is nothing magical about trading them, you just type in QQQ and follow the promps like any other stock. It's options on a basket of stocks. Stocks like Apple and the like. Pick whatever the day you want your series to expire. I like buying a few days time. Sometimes the markets lose their strength around noon on Fridays. It happened today. Here is it's five day chart and you can see the market selling off on Friday afternoon. So here is the trade I made today. I was in this position for 2.50 hours. You can see I bought an Aug 8th series so that would have given me until Tuesday. I got in at 11:53 a.m. It was an easy chart to play on the downside. Now I want to point out how this is a trading vehicle many traders recognize. Look at the closing summary of this series of Puts. There is something about it which stands out. Notice the open interest of 1,771 and the trading volume on the day of 31,765. These are hot ...