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The Long Awaited Deere Earning's Report

A few carefully crafted sentences puts to rest all concerns going forward. Read them below. Or do they? What am I talking about? I am talking about managements response to how well they did in their last quarter of operations. The long awaited Deere quarterly earnings report was released this morning. In previous blogs we showed how crazy expensive the Calls and Puts where on it, in anticipation of this news. So it's earnings are now published for all to read. It was announced that profits were down. Management basically says "so what". They also said in a round-about way that they were not going forward to be doing anything much differently. There were no apologies for a poor earnigs report as if it was something to be expected. All of their comments seemed pretty chill. The stock went up. That's a pattern more common as of late. So the Call options go crazy as you can see on the five day chart. Call option holders made money irrespective of how expensive they ini...
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Boeing Calls Going Into a Friday Morning After dropping $4.77 on a Thursday.

I tracked the action on the 190 Boing Calls all week and watched the stock surge on Monday and Tuesday. Read my recent blogs. I cautioned that the action could change direction mid-week. It did. Trading Monday and Tuesday Calls... that seemed to work but on a Wednesday they all lost speed. Here now is it's one, five and thirty day charts.
Note it flirted with the $199.50 range. Now look at this chart. It helps to create a different spin on things.
It's bouncing back up and look at how the 210 Calls we have being watching all week closed out the day. They closed at $2.08.
Is $2.08 a good price? Well consider this. These same Calls closed the day before at $9.75. Yes Boeing can bounce big if and when it decides to bounce. Are the Call options now playable with only one day to go? Given all that has recently happened I would say STAY AWAY. Why tie up money hoping for a one day blip? The charts now show that it could go either way. Looking for rebounds on a falling stock on a Friday morning is to rich an exercise for most traders. Now for a premarket opening news release.
Boeing is soon going to have a quarterly earnings report coming out. News like this is an unwelcome suprise.

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