Caterpillar. How Many Lives Does A Cat Have?
First a comment I opened with on a previous blog (see July 7th) . It was on the topic of one day option trading. Next the Caterpillar chart on Thursday December 27th. Yes this is another blog about one day options. At the close on Thursday it's up roughly two dollars from it's previous close last Friday. Looking at it's Thursdays one day chart do you think it might lose some of it's momentum on the Friday morning opening? Don't be alarmed if you see the spike in it's volume on it's Thursday closing. That doesn't mean much. It's a common occurance. Now a Friday morning chart of Caterpillar in it's first 24 minutes of trading. It opened down $3.00 a share and rebounded to where it closed on the previous day. Notice in this time period only 16 contracts traded. That's crazy. Why didn't 1,600 contracts trade? It tells us the world of one day option trading is still in its infancy. Where is this artificial intelligence everyone is talking a...
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