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Wednesdays Can Be Turn Around Days for One Week Options. Deere

Deere is a very difficult company to play short term options on. Nor do many option traders try to. Let's start with these two charts. A five day chart followed by a one day chart as we approach noon hour today. .... ... Now a look at these two series of Puts which will be expiring this Friday. The 512.50 and the 510.00 Puts. These are thinly traded options with the built in worry of having a wide spread between the bid and ask. In some ways that doesn't matter, knowing that a ten dollar swing would not be out of the norm. More concerning however is the size of the spread on these next sightly "out-of-the-money" Puts. With spreads this far apart they would be difficult to buy into and sell out of without getting gouged. No one is giving away free money. Here now is how it closed the day. Here now is how the $512.50 series of Puts closed the day. Basically these Puts held their ground all afternoon. The D.J.I.A. closed down the day 42 points. The volume of options c...
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Kicking the Can Looking at New Situations.

An observation. Playing stocks in the under five dollar range is ok if you have time to wait. When it comes to playing options on them you should look to take a two-to-four months out stance. Few option traders play options on stocks in this price range. I do and in these kind of markets as of late the two-to-four month period of time can be shortened up a little. What's sometimes is usefull is to watch three or four stocks in the same sector concurrently to spot a trend. Now look at these charts. They are all in different industries.
Now here is a chart of a stock that was $5.00 like a week ago. What happened and what do they do? They make batteries for Electric vehicles and they just made a deal with V.W. Remember a few weeks back V.W made a deal with Rivean and their stock is jumping up. Now here is another stock doing something a little bit different. They are building a hydrogen/electric powered air taxi with vertical liftoffs and they have recorded a 523 mile flight.
Here is yet another one that is different. "uniQure". It's in the gene therapy sector and they are working on something.
A four dollar stock went to over $10.00. Just think how the options on them did. Here is today's trading action on one series of it's Calls. These Calls are one month out and they had a good jump today. You may however be to late to the party.
That plus you have to do your own research first. Now back to the concept of kicking the can and looking for stocks in the same sector to help form an opinion of where that sector is going. Here are three stocks under $5.00 per share all making EV charging systems. First, Chargepoint and look at how it has traded in both the last five days and thirty days
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Look at one series of it's Calls one month out.
The second stock in the same sector is Wallbox. Here is it's five and thirty day chart and some news.
The last stock to mention in this same group is Blink. Here is it's five and thirty day charts.
If you follow the E.V. industry you might have more of an insight as to what is happening than I do. All of the options mentioned on all the above stocks are high risk! Better logic might be to just buy the stock. To "feel the pain" of where these stocks are now trading at go back about three years and look at what they were trading for. Many retail players like you and I have got burnt. These are however interesting stocks to bunch together and watch on one of your screens.

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