CAT Puts

Let's start with Home Depot and then move on to Caterpillar and Eli Lilly. ... .... ... All three of these series of Puts have two full days of trading life in them. These are not normal times and all three of these series of Puts are attracting next to no interest. Is the U.S. on the hook for all the damages it has created. That's never going to happen. Playing the upside is to expensive and playing the downside on strong stocks is a losing game. Is this upside move now a case of excess exuberance? I think so.