Deere On Earnings

Here is a look at Deere towards the end of the afternoon after an earnings report. It got beat up pretty bad. What we are now looking at is a printout of one option series which will be expiring the next day were trading towards the end of the trading session. Would now be a good time to buy into these 395 Calls and try to play tomorrow's upside? Lets look at how these options traded the next day. Can you see they hit a high of $4.65 sometime during the following day? I did two very small trades on the Friday morning bounce back. I just wanted to cover my commissions a make a touch. Remember Deere options are extremely difficult to play and with only hours to go before they expire its not bad to take a profit whenever you see one. .................. My times in were 10:14 to 10:31 a.m. and 10:59 to 11.09 a.m. I missed the elusive high of $4.65 which happened after I got out. Part Two. Going forward. Let's look at Deere's five day chart and look at how the 400 series o

A Catputs Special. Making Nickles And Throwing Away Dollars

Look at this action today. I thought I was smart buying a Put on Boeing at 10:47 a.m. as it was charging upwards. Then at noon I bought a Put on Deere when it was going sideways and got out an hour later at a slight profit. Just a normal day.
Making $100.00 when I could have hung in and made $1,500. Deere had a sell off. Put option players often dream of being be part of sell-offs like this. Deere had a ten dollar drop in two hours! Why was I determined to get out so early? One thousand in this kind of trade would have made $10,000 which would be a nice way to end a week. I wait weeks and weeks for action like this to happen. I need a drink. How was your day?


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