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A Jumpy Week For Caterpillar - A Week With Earning Reports

Here is Thursday's trading on the day on Caterpillar. Here is how the $417.50 calls that expire tomorrow closed the day. Something happened this week. Caterpillar had a quarterly earning report come out on Tuesday. It's stock trading action survived this news unscathed. Here is it's five day chart as of the end of Thursday. Maybe the 420.00 or the 422.50 series Calls are better to look at? Here they are. But wait. Deere got clobbered today on the release of a quarterly earning's report. Why didn't Caterpillar sell off in price in sympathy? It shoud have. Deere sold off $34.70. For this reason alone I would be more inclined to purshase the Puts. Here is the series I would consider. To be continued.
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What is Triple Witching And Last Week's Action

It happens four times a year and it's going to happen on June 21st. It's a market reset. Do your your own research on what it is. Just stay away from trying to play one and two day options on the 19th or 20th later this week.
Look at how Tesla traded this week.
Tesla was up .53 cents on the week however it was up $14.00 in one day midweek! Now Boeing, it was down $12.97 on the week.
Now look at Caterpillar on the week. There was no news to explain why it was trading like this.
At the very same time Deere decided to rebound. Are wheat prices going up?
Nvidia this week topped the $3 trillion market value level for the first time. This stock keeps going up.
Eli Lilly also keeps going up.
Volatility like this should attract option traders however catching just the right situation is near impossible. If you have the energy watch the Tesla conference call that happened last week. Find it on Youtube. Elon Musk is telling the world that autonomous driving is just around the corner. That would be exciting. What ever happened to the "Summer Doldrums? The markets are not drifting sideways. It's difficult to keep up with all the action and some option traders are now opting to shy away from trading short term options. The triple witching thing and market "reset" thing. This could be a disappointing week for traders holding "near-to-the-money" options. To be continued.

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