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Deere and Caterpillar End of the Week Profit Taking

Thirty five minutes into the trading action and here is what is happening. The 400 series of Puts on it are up 367%. The 405 puts are up 920%. They closed the previous day at .51 cents. Volumes of trading are light. Traders are not taught to trade in one day options and for all the hype about Ai trading no inroads have being made in this regard which is something I find strange. What value has Trump added to these two stocks this week? None really. So why such extreme forward looking thinkings? It's 10:28 a.m. so we are still in the first hour of trading. These options expire at 3:30 p.m. so there is still four hours of trading life in them and the Djia is up 239 points. Is it now time to catch a rebound? Maybe. Well maybe only to those traders who caught the selloff and profited this morning. Yet then again one would be fighting thinnly traded Calls and Puts both on the buy side and on the sell side. In other words you would have to buy something a little bit closer to the as

What To Focus On

Last week the top ten most actively traded stocks on the NYSE, Volume percent Leaders were in order, Beachbody (BODY), ProphyAqn, M3-Bridage, ApolloStrallA,TelecomArgentina, ConstellationA, Xperi, YPF, SilverBoxLLLA and CementoPacasm. All these names were new to me. The top ten on the Nasdaq, once again Volume percent leaders where AuroraTech, MorphoSys, iRobot, FocusImpact, Creud, CleanEatha, .... well you get the point. When you daytrade you should only have a handfull of names you feel comfortable trading. Forget all of the most active hype. Guess how much Ford was up last week? .14 cents on the week. What about Nio, the Chinese EV company so many people are trading? It was up 1 cent on the week. Lucid was down 1 cent and Apple was up .28 cents. With movements this small how can traders make any money? Last week I tracked both Ford and Deere Call options. Deere was off $19.96 on the week and Boeing was up $11.96. Pick names like this and follow their stories. Learn to play the reactions to earning reports. Stay away from the markets on days everything seems to be going sideways. Look for mid-week reversals and check out the upside and downside volumes at 10:30 a.m. on a Friday morning to see if midday rallies could materialize. Wait for hurricane notices and buy Home Depot Calls. If you like playing options that expire in a few days check your calendar to make sure no upcoming suprise holidays will jip you out of one days trading action. Find one year out options on stocks in the ten dollar range. Yes you can teach youself how to play options. Keep reading these blogs.

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