Deere On Earnings

Here is a look at Deere towards the end of the afternoon after an earnings report. It got beat up pretty bad. What we are now looking at is a printout of one option series which will be expiring the next day were trading towards the end of the trading session. Would now be a good time to buy into these 395 Calls and try to play tomorrow's upside? Lets look at how these options traded the next day. Can you see they hit a high of $4.65 sometime during the following day? I did two very small trades on the Friday morning bounce back. I just wanted to cover my commissions a make a touch. Remember Deere options are extremely difficult to play and with only hours to go before they expire its not bad to take a profit whenever you see one. .................. My times in were 10:14 to 10:31 a.m. and 10:59 to 11.09 a.m. I missed the elusive high of $4.65 which happened after I got out. Part Two. Going forward. Let's look at Deere's five day chart and look at how the 400 series o

U Tube Videos and Carmax

I am hooked on youtube videos watching podcasts of what is happening in the auto industry. One subsection of this addiction is the Telsa story and another what is happening with the U.S. used car market. Who can afford to finance a used car these days with prices and interest rates so high? CarMax had their quarterly earning report today. Up or down? What do you think? Barron's on the weekend made a few bullish statements. "Analysis expect the company to report a fiscal forth-quarter profit of 46 cents a share on sales of $8.8 billion, an increase of 5% and 1% respectively. Sales should get a boost from tax refunds, which accelerated into the end of the quarter and an increased supply of newer used cars". So here is what happened on the release of their earning report.
As a blogger should I have told you this was going to happen before it happened? The human brain is lazy. If you think you can make money in option trading you are going to have to teach yourself to be ahead of the curve. Now look at how the near to expiring ( tomorow ) Puts did as of 12:45 p.m. today? First the 80 series of Puts.
Basically a double. In was a pretty straight forward reaction. Here now is how the extra spicy ones traded.
Mark this date down in your calender book and revisit this scenario a year for now. I should be collecting an email list of all the viewers who want to be reminded of events like this but there are many things I should be doing. *** An observation on Friday April 12th, one day after. Look at this five day chart.
Can you notice the dip in Carmax on the morning prior to the release of the earnings report? Was that a hint that something no so good was about to happen?


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