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Why Tuesdays Around 11:30 A.M . Are Particularly Unattractive Times To Be Looking At Options That Expire On Friday

So here are nine examples of what the heading is alluding too. Bad times for the most part to be entering into option positions. 1) Tesla. 2) 3) 4) 5) 6) 7) 9) 8) Now the closing reading on these Calls at the end of the trading session. $6.20 is down from $8.03 on Tesla and on First Solar the Calls are $3.10 down from $3.35. Here is what the markets did on the day. So let's continue on. Now Elli Lilly and Caterpillar. Elli Lilly went from $13.40 to $15.65 and Caterpillar went from $3.95 to bid $3.95 and $4.35. Now Biogen. It went from $2.50. down to $1.45. Boeing Calls went from $2.88 to $3.70. In Biogen there were no further option trades on the day with the bid and ask going up towards the closing bell. Walmart couldn't do anything as the effect of this tariff situation is all new. When is food going to cost more? It's Calls went from $.88 dollars to $.75 dollars. Now the last one, Home Depot. $3.80 went to $4.30 So really the markets sold of or went side...
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The Concept Of Playing Caterpillar Calls From An Oversold Situation

There is a danger in playing oversold situations. How do you truly know it's oversold? Well last week there was a total blowout in the markets as it kept dropping everyday. Each day last week was a blur to the downside. What are weekends all about? They are a reprieve in situations like this from all of this negative energy. Thing's can't go down forever. Here is Caterpillar's most recent chart.
So this morning, with fresh minds coming to the screens an uptick could be in sight. I would think so, I watched this mornings action. Look at these printouts. I was tracking one of the series of Caterpillar's Calls. It was lonely experience. Few people were watching this action, or lack of action. There were no trades in this series of Calls in the first few minutes and the speads were far apart. Where was the rebound? Look at this..
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Wow. Only 2 contracts traded 9 minutes after the opening bell and 31 contracts traded in the 225 Calls an hour into the trading session. No one saw an uptick coming but it did. Let's move on. Here is how these options closed the day.Trading options on series like this (a big name stock after a weekend reprieve from the slaughter and no real volume on the Calls) is a good strategy.
No volume, to me that's a good thing. Tomorrow should be a good day. ( the Yahoo chart cut out at 2:00p.m.)
****** A next morning March 14th update. These options are up.
At 10:45 a.m. look at how light the volume of trading is. Look at a morning jump to over $6.00 per contract. Amazingly next to nothing in the way of Call options traded on it. Yet it's Caterpillar which has a huge following. I find that all so strange. But then again option traders are afraid to play options on this stock because it's not like playing Tesla or Boeing which both have more knee jerking reactions to ongoing news. That's the way I see it.

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