Deere Had Earnings and Caterpillar Took No Notice
Deere had earnings which as usual were open to interpretation. Here is how it traded on the week. It's difficult to know who to believe. Was Caterpillar affected by any of this news? Not really. It was up $25.33 on the week. One of it's divisions is starting to attract more attention. Options in both of these companies are thinly traded. I have talked about this before. Deere was down on the week and Caterpillar was up on the week. One of the problems with trying to play options on both of these stocks is that they can move up or down like $5.00 on any given day on no news. Buying on the dips if you look at the Caterpillar chart seems to be a way to profit on it's options. On Deere it was to buy Puts before it's quarterly earnings report came out. So where does that put us now? Looking at Deere Calls is one suggestion thinking it's oversold. Deere was down $22.75 on the week. Yet wait, look at the volume of trading in these two longer term Deere Call options. M...
