Deere Jumped.
If it jumped this much can you purchase a Put $8.69 "out-of-the-money" that expires tomorrow in the hopes that some of the froth comes out of this stock? How do you jump in to play the downside with any confidence. Is a reversal imminent? It becomes a question of waiting it out. When G.M. had an earnings report the stock jumped something like eight dollars and then hung in at that higher level for an extended period of time. Let's find out. It's now noon. A miscalculation at noon. Suprisingly Caterpillar is not jumping up in sympathy. Would that give you a reason to be looking at it's Calls? Here is one series that expire tomorrow about $5.00 "out-of-the-money". Let's see what happens. Now back to Deere again. These Puts are now $25.95 dollars "out-of-the-money" with the stock up $77.68. At this point the 670 series of Puts look like a bettter place to be. To be continued. It happened. Deere rolled over towards the end of the day. ...