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Caterpillar Jumps On The Opening

Can you fight it? ... Why would you want to? It's not like the Stellantis opportunity we had on Monday morning. Is the stock running out of momentum? Now this less than an hour later. Caterpillar takes a hit. When Caterpillar goes up $30.00 in fourteen minutes and you catch it on the downside just take it and run. I will show you below how it closed the day. Now a trading comment. It's difficult to fight rising stocks and in hindsight the answer to Caterpillar's meteoric rise would be in holding it's thirty days Calls purchased in the recent past. Today's situation was a mid week option trade, the day of the week I have often said to be the day of reversals. Caterpillar jumped on no news and Deere just sputtered along. It's largely insituational trading and various analyist are bullish on the stock. If this kind of a jump happened on a Thursday or Friday I wouldn't be trying to play it for the downside. This was a one-off situation, something like t...
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An Introduction

My name is Peter and about 45 years ago I did a short gig as a “Merrill Lynch” broker. Prior to that gig I worked for a well known Canadian brokerage firm that had a fancy office on the 55 th floor of a downtown Toronto building. They took the whole floor. In essence they were a "boiler room" operation (which I think they first started in the 1930's) which focused on mostly penny mining stocks. I did not fit in well. I was to busy watching and trading Exxon options and also watching the back office skim money off of any of my profitable trades I made for myself or any of my clients. Well they didn't skim it off at that Toronto office that I know of however they did at another office in another town I asked to be transferred to. Things were different back then. I now work in an unrelated profession and oddly enough still have the designation of being a broker. I still have a passion for option trading. I like Fridays for trading "one-day" options that will be expiring. Six of my favourite stocks to now trade options on are Caterpillar, Ford, Exxon, Deere, Tesla and Boeing. I watch other stocks in the five and ten dollar range that also have options on them. I missed the 2025 gold run. There are times when I will take a week off from watching the market, knowing that I will be not be handicapped when I return to the action. I don't play options if I am away on holidays. Trading in Australia in a tent in a traller park at 4:00 a.m. during a rain storm with a flickering power source and then waking up tired doesn't work for me. I need to be on more of a routine to play options. Donald Trump has in some ways helped to make option trading easier. He says things which don't make sense. Let me now share with you some of the things I see happening in the markets. I am hoping some readers might enjoy reading something a little bit different. Happy option trading.

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