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Boing Going Into A Friday

Let's start with the late Thursday afternoon activity. This is at 3:40 p.m.. The one bump upwards today augurs well for tomorrow. Here are two series of it's Calls which expire tomorrow. First the 217.50 Calls at 3:44 p.m. .................. .........................Now the $215.00 Calls. Now let's look at how they closed the day and how much more trading happened in them after the 3:40 p.m. time period. First the 217.50 Calls. 171 contracts were added and 887 of the 220 contracts were added. Now the 215 Calls. Let's watch the action on the opening. Here also is Boeing's five day chart. * Boeing jumps overnight..
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The Caterpillar Option Trade of The Week. (For The Week Ending April 19th,2024)

It happened on Friday. But first this news.
Now here is Caterpillars one day trading chart for Friday April 19th.
So the stock was up in the first hour of trading. It' a friday and anything could happen. Are buyers getting in to be part of the good news earning report? Does that set off alarm bells? A red light or a green light? Is it time for some counterintuitive thinking? Now look at this.
A look at how the 357.50 Puts closed on the day. There are other series I could show however these particular ones best illustrate the point I want to make. Can you see the low of the day on these Puts? Can you see where it says $70.00 a contract? As the stock marched up smartly on the opening this series of Puts was under pressure. If Caterpillar kept going up these options would expire worthless. The exact time period I am talking about was somewhere around 10:15 a.m.. Fast forward the time period to around 12:50 p.m. Look at how the Puts jumped up to $5.00! That was the trade of the week on Caterpillar options. Too complicated a trade you might say? Look again. It was actually pretty simple.

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