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Tesla and Deere Going into a Thursday Morning.

Are you able to remember my blog last Friday talking about Tesla dropping $19.00 in one day and it's Puts jumping up a zillion dolllars? Here are the closing numbers on Tesla and Deere today, Wednesday September 11th. They are difficult to read but Tesla closed at $228.13 and Deere at $388.59 Now look at the sightly "out-of-the-money" Calls on both of these two stocks which expire at the end of the week. Now the Deere Calls. .................. Now look at their one day charts. Remember I have repeatedly said that Wednesdays ( in the context of trading one week options) are the best days of the week for turnarounds situations. Look at the one day charts and look at the gains on the day that both of these option series had. They both took off on the upside after a morning dip. I will continue to track the movement of these two series of Calls over the next two days but the context of this blog is a blog in itself. Wednesday once again can be turn around days. Happy tr
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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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