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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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Caterpillar Gets Smashed on a Monday Morning

It happened. Down $12.00 on the morning.
Can you see how at around the 11:30 a.m. time period it seemed to find support to only then slide down some more. Wouldn't you think option traders would be jumping back in to catch a rebound? Apparently not. Look at this.
An open interest number of seven contracts from the previous trading session when it was "in-thr-money" and 87 contracts traded on the dy.. Perhaps if we look at a five day chart and a thirty day chart we will be able to detect why there is so much hesitancy to get back in to catch the upside.
But wait. Read all this stuff.
So Deere is also mentioned as a company which might benefit from this current economic environment. Looka at it's one day and 5 and 30 day chart.
Until the bulls start to run nobody wants to be in the game. Now a 2:56 p.m. update.
Now a readout ten minutes later.
Now the closing.
It will be interesting to look at the open interest numbers tomorrow to see how many traders stuck with the paper gains that were made today. It's not very often you see Caterpillar drop that much in one day. ** The open interest number the next day.
It's 75 compared to 7. What does that tell us? More than than half of the contracts sold bought yesterday were sold out before the end of the day. Traders where playing the afternoon rebound in the stock as opposed what might happen in the following four days.

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