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Tesla and Deere Going into a Thursday Morning.

Are you able to remember my blog last Friday talking about Tesla dropping $19.00 in one day and it's Puts jumping up a zillion dolllars? Here are the closing numbers on Tesla and Deere today, Wednesday September 11th. They are difficult to read but Tesla closed at $228.13 and Deere at $388.59 Now look at the sightly "out-of-the-money" Calls on both of these two stocks which expire at the end of the week. Now the Deere Calls. .................. Now look at their one day charts. Remember I have repeatedly said that Wednesdays ( in the context of trading one week options) are the best days of the week for turnarounds situations. Look at the one day charts and look at the gains on the day that both of these option series had. They both took off on the upside after a morning dip. I will continue to track the movement of these two series of Calls over the next two days but the context of this blog is a blog in itself. Wednesday once again can be turn around days. Happy tr
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Caterpillar, John Deere and Boeing. A Shakeout This Week.

Let's start with their one week charts.
A bad week to be playing Call options. Tomorrow Friday is a holiday so this weeks options expired today. Here is how Boeing traded on the day.
A reward for traders who were glued to their screens all week. Look at how at around 1:00 p.m. the 210 Calls and 212.50 "out-of-the-money" Calls popped.
In around 11:30 a.m. at .11 cents and out at 1:30 p.m. at $2.40. The 212.50 Calls were even more extreme. In at 11:30 a.m. for one dollar a contract and out at sixty-five dollars a contract.
Look at the Call volume. If you were glued to watching Boeing at that particular time you could have caught some of this action. In contrast look at this. Look at how the Caterpillar Calls were trading around 2:00 p.m. in the afternoon. Options on the last day of week that are expired have the rule that you must be out at 3:00 p.m. and not 4:00 p.m. Look at this one day chart at that particular time period.
Now look at this.
An open interest of only 37 contracts going into the day when often times that number is like 5,000. Caterpillar got grubbled all week and few traders were willing to play the upside. Here is how these Calls closed out the day and first here is how the D.J.I. closed out the day. Up 2 points.
Here it is. There was a bit of a rally from 2:06 p.m.to 2:30 p.m. and the above Calls would have went up about 75%. Ultimately however they ended up expiring worthless as also shown below.
Boeing was the trade of the day. Boeing has a constant stream on news being pumped out in contrast to Caterpillar and John Deere. It's the best of these three companies to be playing at times like this, hoping for needed good news.

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