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Ford Calls and a Big Surprise.

Look at this Ford chart on July 1st. Now todays Call options. Every quarter these types of reports come out. This one was good. Watch for it Next July 1st. A $2.00 option went up to close at $37.00. In my introductory remarks to this blogging channel a few years ago I said many old farts driving Mustang convertables paid for them from money made on playing Ford options. This bounce today in the Call prices based on this good news report of rising sales was one of those events. Now this, the strenght continued into the following day which is Wednesday July 2nd. This is a short week for option trading with tomorrow being the last day. Action like this is extremely rare.
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Cat Puts or Calls - Going Into A Friday Morning.

First, a one day chart of Caterpillar on March 4th.
Now a March 7th five day chart. Can you see how it jumped in the last two days?
Now these closing readings on Thursday.
The above chart shows how the calls traded on the day and below the Puts.
Little volume and low open interest numbers. The real time to be watching these positions wil be thirty minutes into tomorrow's action looking for a reversal. Let's continue. Its Friday morning. Here we have a 9:46 a.m. printout of the 300 series Caterpillar Calls.
Take your profits, go away and forget looking for a reversal. The open interest number indicator doesn't add up. The deadline to get out of option positions on a Friday is 3:30 p.m. Here is readout of how these Calls were trading at 3:08 p.m..
Anyone with the guts to play Puts on the day could have done extremely well. Getting in after 10:a.m. and out around 2:00 p.m..
It baffles me why more traders do not have opportunities like this on their radar screens. Where is all the AI trading? I don't see it here. *** A look at the 340 Calls on Caterpillar on the following Friday, March 15th. It's pretty much the same story. Plenty of action on Friday with a relatively low amount of option trading.

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