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What's Going On With Google?

It's Wednesday. .... Now this. But wait. Look at how it's one day chart changed over the next few hours. I took a couple of hours away from the market to go swimming and I missed much of the downward action. Here is another chart showing how these Puts just traded. They went from $350.00 to $708.00 at 12:35 p.m. in less than an hour! I wrote a similiar blog about Google moving like this ( one day short term trades ) back on January 13th. Trumph has a way making statements which then moves the markets. The strenght this afternoon comes from statements he is not going to put tariffs on Greenland. What we now has is a market ripe for extreme daytrading.
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Caterpillar - Going Back to This Website's Roots.

Look at Caterpillar's five day chart. It has nice spikes.
Now it's one day chart.
Now check for news. Well its not brand new but it is news.
Nothing is gauranteed from looking at the five day chart. It closed strong. It might rally on the opening. No it didn't.!
Here is how it is trading at 11:00 a.m. the following day. Down like $2.65 in morning trading.
Now Wednesday morning.Down again.
There was no news or no reason for this drop. It is a Wednesday morning. Look at the lack of interest in playing these Calls.
Wednesday's are the one day of the week for market reversals. We are still a tad to far away to introduce the concept of how the stock will react to the release of quarterly earning reports. That doesn't happen until August 6th. The low volume of trading is not a particularly attractive feature to option traders. These 325 Calls are $1.29 cents "out-of-the-money". Any kind of a two or three dollar rebound would have a positive effect on these Calls. Let's look at what happens next.
The Calls doubled in price. Blogs like this talking about Wednesday reversals and playing one week options are a common theme to this website. Here now are the same Calls on Thursday morning.Caterpillar can suprise.
More action happened on Friday.
I caught a slice of this action.
I gone in to early and had to endure some pain. I should have waited until Wednesday to get in.

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