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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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Looking At One Week Price Swings !

This is a good market for price swings. Look at Boeing last week.
Boeing was up $12.63 on the week.Then there is Eli Lilly. It was up $28.44 last week.
The strange part is falling NYSE stocks outnumbered rising ones, 3-to-2. It is stated that the May job growth seemed to rule out a "near-term" rate cut. Look at the stock McDonalds. It was down $2.68 on the week. What a wild chart.
At the start of the year it was running up nicely on the theme they were adding new restaurants in the growing suburbs of every city in North America. Most recently the theme is that people can't afford to eat there. When sentiment changes looking for a rebound is never an exacting science. Look at Ford. It was up two cents last week and it was announced that sales last month were up 7%. If they are up again next month the stock might start to get noticed.
Had you purchased the 12 series Calls on Wednesday that expired that Friday you would have done well. Look at Nio. It was the third most activity traded stock on the NYSE last week. Ford was the fifth most activity traded stock on the same exchange. Nio often makes the top five list. Last week it dropped $.56 cents. That's a big drop on a stock in this price range.
It could come back up this week. Now look at First Solar. Look at it's one day chart last Friday!
Imagine catching Friday's one day Call options? Now look at it's one week chart. The stock was down $4.42 on the week.
On the wilder side,the "Blink" $3.00 series of Calls that expire this Friday closed last Friday at $.17. Playing options on stocks in this price range is a real crap shoot. See my June 4th blog I wrote about Chargepoint).
Here is it's first option trade of the week.
A 1:45p.m. same day update. The Ford 12 series of Calls has doubled.
Eli Lilly is up $9.61.
First Solar is up $14.41.
All during a period of time when the DJIA is only up 8 points so far on this day! *** Look at how the Blink Calls went on to gain over 50% in one day.

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