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

Caterpillar Calls On the Last Trading Day Before Easter.

My most recent blog on Lucid was spot on. In this market with 400 point daily rallies playing Call options on stocks in the thirty dollar price range is the name of the game. I would however be remiss if I didn't point out the action in Caterpillar yesterday. Look at it's five day chart and look at how the Call options reacted. What a nice breakout.
I am not going to bore you with all the details however this is how one series of Caterpillar Calls traded on the day. Look at the low of.06 and look at the high $4.00. I have followed stock options for over forty years. This type of action on Caterpillar on a Friday might happen once every five years. Going back two or three years ago when Telsa was enjoying a growth spurt, Friday Call option trading on that stock made many option traders rich. Bear market option trades, something not really currently on our radar can also be super rewarding. People forget that stocks like Deere and Company can also sometimes drop thirty dollars in one day. Happy Easter.


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