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Ford Calls and a Big Surprise.

Look at this Ford chart on July 1at Now todays Call options. Every quarter these types of reports come out. This one was good. Watch for it Next July 1st. A $2.00 option went up to close at $37.00. In my introductory remarks to this blogging channel a few years ago I said many old farts driving Mustang convertables paid for them from money made on playing Ford options. This bounce today in the Call prices based on this good news report of rising sales was one of those events. Now this, the strenght continued into the following day which is Wednesday July 2nd. This is a short week for option trading with tomorrow being the last day. Action like this is extremely rare.
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Caterpillar and Deere Having A Good Week.

First Caterpillar going into Friday August 16th, a five day chart.
Now Deere.
Imagine having options and catching one of these moves? Tesla and Boeing were also on fire this week. There was talk of unemployment numbers not meaning to much and talk of interest rate declines. Get in and get out when the times are good. The markets can change on a dime. I talked this week about Telsa Calls and said to get out prematurely and the same with Boeing Calls. But wait, there will always be more trading opportunities. That plus the markets did nothing on Friday after this monstrous run. There was no point in wasting your time watching your lists of favorite stocks after everything rallied so strongly on Monday to Thursday. Now the five day and one day chart on Deere.
Who would be buying Deere stock on Friday after it had a massive rally the previous day? I don't know. Now look at how these three series of Puts traded on Friday. The only reason I am showing them is to point out how option traders were smart enough to stay away from them. You would think that after such a big rally on the week more option players would have jumped in on the Thursday's close to purchase "near-to-the money" Puts, looking for a five or seven dollar selloff. Apparently not. Yet the stock did sputter on Friday's opening which would have presented an opportunity to squeak out a small but profitable Put trade.
Learning where and when to pick your battles is a big part option trading. ( The S&P500 index gained 3.9% this past week, marking its best week of the year, while the Nasdaq Composite rose 5.3% and the Dow Jones Industrial Average advanced 2.9%.) This was one of the best weeks this year to be playing the upside.

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