Wednesdays Can Be Turn Around Days for One Week Options. Deere
Deere is a very difficult company to play short term options on. Nor do many option traders try to. Let's start with these two charts. A five day chart followed by a one day chart as we approach noon hour today. .... ... Now a look at these two series of Puts which will be expiring this Friday. The 512.50 and the 510.00 Puts. These are thinly traded options with the built in worry of having a wide spread between the bid and ask. In some ways that doesn't matter, knowing that a ten dollar swing would not be out of the norm. More concerning however is the size of the spread on these next sightly "out-of-the-money" Puts. With spreads this far apart they would be difficult to buy into and sell out of without getting gouged. No one is giving away free money. Here now is how it closed the day. Here now is how the $512.50 series of Puts closed the day. Basically these Puts held their ground all afternoon. The D.J.I.A. closed down the day 42 points. The volume of options c...