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Deere Trading Sideways On October 1st 2024 - Few People Trade These Ones

The stakes are huge. Is Deere slipping? Here is it's five day chart. Could Deere slip to $412.00 on the opening? If it did, could it slip further? The chart looks to me like it wants to open lower. Could you grab some Call options on a weak opening and try to play it for a rebound? Does history repeat itself? Here are how the 417.50 series of Calls traded yesterday on Oct 1st. Can you see how they dipped on the opening and came charging back up? That's the kind of action option traders like to see. Look at how few contracts trade on a daily basis. Clearly trading Deere options is like skating on thin ice. To add some sort of prespective on todays action here is how the indexes traded today. Shown above was Deere's five day chart. Here now is a look at how Deere traded traded today. After a nervous start it showed some strenght in the early afternoon. Now a premarket look at Deere on Wednesday October 2nd. Look at these four stocks and look at the premarket bids and ask
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Can You Play Deere For A Friday Morning Pop? It's Tricky.

Maybe, here is it's five day chart at the close on a Thursday. Yet a five day chart isn't going to help you in figuring out what is going to happen next.
Which way, up or down? Here are the slightly "out-of-the" money Calls as of a Thursday June 6th closing with one day to go in their trading life.
You can see more people like the upside than the downside? That's always the way it seems to be. Now here are some slightly "in-the-money" Puts.
The stock has gone sideways all week. The number of open contracts on these now "one-day" options are very light so that will have no effect on which way this stock will move. Recent history tells us that one day Friday reversals on this stock are a frequent occurance. Wait until it opens and moves in one direction and then get before it moves in opposite diection. Buy "out-of the-money" options and hope for a three dollar swing in the options. That's not much of a strategy and look at how few traders are playing that game. No one really is. Yet recent histories tells us one day reversals off this magnitude are a very common occurance. Is this a reckless trade? Yes very reckless. If however you are coming off a quick win from playing options on something else it might be something you might feel comfortable entertaining. Let's watch now and see how this situation plays itself. It tanked on the opening and quickly pulled itself up.
Here was the opportunity to play a reversal.
This all happened in the first hour of trading. Now here is how it was trading at 1:15 p.m.
Now the final one day chart.
Remember with option trading the rule is on Friday retail traders must be out of their option positons at 3 p.m.. Now the five day chart.
It's funny when you can double your money or make even more on a trading day when the stock really didn't do anything.

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