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 back about three weeks ago the stock jumped something like four or five dollars and then hung in at that higher level for an extended period of time. Here is a chart showing that. Once Deere stops going up is it going to linger sideways for a while? Probably not. It's not like the company suddenly discovered gold. They make tractors. Let's find out. It's now 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 ...
