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Options On Stocks In The $17.00 -$18.00 Range Are" Perky". The Stock in Play Is Rivian

I don't like playing options on stocks in this price range. It's exhausting because you have to watch them so closely. Look at this action today on the Rivian $17.00 series of Calls that expire in three days. . With this kind of chart a double in a Call price would have happened somewhere between the 10:30 a.m. to 11:30 a.m. time period. As a reader you might look at this statement with scepticism and say how could something move in price that much in one hour period of time? It's the leverage created by having a $17.00 stock swing fifty cents in one hour. The difficult part is in how to figure out when such a move is going to happen. Now look at today's price swing in one series of Lucid's Calls. . Tomorrow will also bring price swings. Let's continue to watch this series of Calls to help us get a better appreciation for mid week option trading on short term Call options of stocks in the $17.00 range. Now Wednesday. .. This action is somewhat unusual however...
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Caterpillar - It's First Quarter Earnings Report And Traders Are Staying Away. A Read Which Might Be A Good Reference Point Going Forward.

Boeing rallied yesterday on the release of it's earnings report only then to tank. Caterpillar is tanking this morning in the premarkets. Let's begin with it's 5 day and 30 day chart.
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The world needs to be rebuilt and Caterpillar is there to help. It's growing, it's got a good reputation, it's not laying off employees and it's doing just fine. If it misses a beat on it's earnings report so what? Life goes on. Then there are those pesky analyst who are known to offer a convoluted spin on things. If you like Caterpillar just buy it on the dips and put it away. So the markets will be opening on the commentary by the companies C.E.O of "sales about flat". Phrasing it that way is a recipe for short term disaster.
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The two printouts above show some of the early morning action in one Put series and in One Call series. What happened the next day? A slight rebound with next to no traders trying to capitalize on a rebound. What does this tell us? It tells us option traders in general stay away from trading the "release of earning reports" on Caterpillar.
Now the one week out Call options.
Low open interest, a low volume of trading and relatively big pricings considering the these are only slightly "in-the-money" Calls which might take a few seeks to gain value. The bottom line is that this stock really got beat up and going forward it's going to be again upward journey. It helps that they are buying back their own shares. ** Now a look at how Caterpillar traded at the close on Monday April 29th.
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The volume of Calls traded is very light. That's suprising.

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