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Snowflake Part Two : Thursday Overnight Position Going Into The Final Day Of An Options Life Are Not My Cup Of Tea Unless It Is Perhaps Tesla

The 172.50 series of options on this stock will expire tomorrrow. Today is a Thursday. The first printout shows a bit of a struggle on the opening in the first nine minutes of trading and a return to price it closed at in the previous session. (It did have a nice rally on the previous day then to only give it up). Could it rally again this morning? Now the second printout below the following paragraph shows the high volume of trading pouring into this series of Calls just after the opening. These high volumes of trading shown below happened in the five minutes and twenty one seconds of the trading session. Traders bought in on a slight dip looking for a reversal. Good for them. Are these traders hoping to be out at a profit in the next fifteen or thirty minutes? Yes. Get in and get out. Catch a profit as the stock is deciding which way it will go. It's early in the morning trading session and the volume of trading is always the highest in the first and in the last hour of trading....
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Fun With Charts - Deere and Two Days To Go.

Here is it's five day chart Thursday morning at 10:00 a.m.. What a "see-saw". Now here is where the Calls and Puts on it that expire tomorrow are trading.
Now the Puts.
Here now is what the markets are doing.
So how do you play it? The DJI did drop over 300 points yesterday and Deere surived the day relatively unscathed. Well one comment I would like to make is that both of these series of options are cheap, thanks in part to it's the range bound chart formation. Yet the stock could explode up or down so this is one of those rare situations were buying one or more than one of each of them might be the way to go. Let's see what happens. An 11:00 a.m. update. The Calls and Puts.
Look at the spread between the bid and ask? Option makers know that when Deere starts to tank it tends to move quickly.The Puts turned out to be the real winners had you opted to play the downside.
Now look at how Deere closed out the day. First the five day chart.
Here are how the markets closed.
Deere really did nothing in a strong day. So now what? What's going to happen tommorow? It's earning report is not happening unit the 15th of this month. The Friday morning opening. Here is what happened.
Now here is how Deere closed out the day.
Now here is some information about at past Deere blog.
What do you think will happen with it's earnings report in a few weeks?

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