Caterpillar Puts On A Thursday Morning With Friday Being A Holiday
First it's five day chart going into the opening. Now it's one day chart showing selling pressure towards the close on the previous day. Is this dip towards the closing a precursor to Caterpillar opening lower? It's difficult say. Here is how two series of it's Puts closed the day. .. Notice the low volumes of Puts and think back to how Caterpillar was trading over $50.00 lower only two days ago. To me these Put options don't truly reflect the volatility of this situation. Here now is how these two series of Puts traded on the opening. .... I don't understand why more traders didn't see this coming.