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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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Tesla Puts With One Day To Go - This Time After A Trading Session Where Tesla Was Up More Than $15.00 On The Day

So, here they are nine seconds into the Friday morning trading session. If you wait two minutes to get into the action the dynamics of the situation may look considerably different. At this particluar junction if you have the guts to get in it's best to do it "at market". The bid and ask are tight.
Now 1.5 hours later.
As a trader wouldn't it seem like a good time to get out? It is afterall a Friday and there is always be more opportunities next week? Now look at it's five day chart. Are you able to see the massive rally of about $15.00 on Thursday on the news of interest rate cuts? Call option traders trading Tesla would had a grin on their faces.
Do you think it will drop more? To better answer that question here is one indicator as to what the markets are doing.
Now let's skip ahead and see the final readings.
So a morning exiting was the correct call to make. At 11:00 a.m. these Puts were trading for $2.80 and another twenty minutes later they went as high as $4.41. Now a look at it's closing one day chart.
By noon the stock was back up to $240.00 making the options impossible to trade successfully for the rest of the afternoon. ** From past experience what I have learned is that you can only successfully trade Friday afternoon Calls on Tesla on strong days when the stock is up six or eight or ten dollars by noon. Those days sometimes happened quite frequently a few years back. Some trader's use Tesla as their "go-to" option trading vehicle because of it's known volatility. I will try and do a few more "Friday Tesla Morning Trading Blogs" going forward.

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