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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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Playing The Charts and Forgetting Everything Else

Lowe's. Look at this chart. Forget trying to understand if their business model is getting better.
Four trading sessions to go and these units are "out-of-the-money" Calls. What's going to happen? Here is the Tuesday's action.
Now here is what the chart looked like and what the markets did on the day.
Do I like playing options on Lowes. Not really. Actually I very much dislike them. It's a difficult industry to understand with all to many variables coming into play. In this case it's chart made these options a compelling buy. Tomorrows story is anyones guess.

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