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Caterpillar - Catching A Reversal On A Monday

Mondays are not the best of days to look for reversals however Caterpillar jumped upwards a modest amount which impacted the value of this series of Puts. The Puts are off about 50% on the day at this point in time. This is a 1:36 p.m.readout. Here is it's five day chart. Now its one day chart. It's Puts. Why consider them? It would seem like kind of a random thing to do. Why fight a strong stock? One reason is that the markets are only mildly up and could give back some of it's gains before the end of the day. Caterpillar could be gaining strenght based on all of last weeks business articles talking about how Caterpillar could potentially benefit from all this new AI movement. Caterpillar afterall builds heavy equipment which can be used in the construction of nuclear reactors. Notice that the five day chart is in an uptrend and notice the small open interest numbers in the Puts. That's understandable. No one wants to hold Puts on Caterpillar when it is in this...
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My Friday Morning Feb17th Trading.

Here is what the market is doing just minutes after the opening. Not much. It's a Friday and I am looking at options that expire today and also looking at options one week out. I will talk about "next-week-options" later. Monday will be a holiday.
Here are my trades this morning and a picture of me. When I trade on Friday's it's always the first fifteen minutes of trading that are the most interesting to watch and try to play. Except that is when everything is going down.
* Telsa blasted up in the afternoon and the real action was in the Calls. I was lucky on that one to make money on a Put. Buying Calls on the opening that expire that day seems kind of dumb yet that's where smart money went. Look at the Call volume numbers.
Lucky on Visa also as the Calls I bought ended up expiring worthless. I was playing the 225 Calls between 9:47 a.m. and 10:36 a.m.
Boeing closed at $396.00. I didn't hang in with long enough after it came off a morning dip. On Friday's with one day options the less time that you spend in a position the better.
Trade times (lenght of average holding) was 14, 45 and 49 minutes. I was finished trading the one day Calls at 10:46 a.m. I didn't think to revisit a Telsa position at noon time but maybe I should have. What a rocket ride upwards it's Call options had on the day.

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