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Why Tuesdays Around 11:30 A.M . Are Particularly Unattractive Times To Be Looking At Options That Expire On Friday

So here are nine examples of what the heading is alluding too. Bad times for the most part to be entering into option positions. 1) Tesla. 2) 3) 4) 5) 6) 7) 9) 8) Now the closing reading on these Calls at the end of the trading session. $6.20 is down from $8.03 on Tesla and on First Solar the Calls are $3.10 down from $3.35. Here is what the markets did on the day. So let's continue on. Now Elli Lilly and Caterpillar. Elli Lilly went from $13.40 to $15.65 and Caterpillar went from $3.95 to bid $3.95 and $4.35. Now Biogen. It went from $2.50. down to $1.45. Boeing Calls went from $2.88 to $3.70. In Biogen there were no further option trades on the day with the bid and ask going up towards the closing bell. Walmart couldn't do anything as the effect of this tariff situation is all new. When is food going to cost more? It's Calls went from $.88 dollars to $.75 dollars. Now the last one, Home Depot. $3.80 went to $4.30 So really the markets sold of or went side...
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Fresh Eyes on Deere

Let's start at noon on Monday August 26th. In previous blogs I have mentioned how low the volume of option playing is on this stock. Why is that? Well one of the reasons is that the company is light on new releases and anyone trying to analyze the company should do so with a longer term prospective. It's not like tracking Boeing which seems to have a thousand moving parts and near daily stories of what just happened the day before. That's why I have sometimes said Deere makes directional thirty day moves and it is easier capital on options that are one month out, rather than one week out. That said, here is it's thirty day chart. August 10th was the time to be getting in on it's Calls. It's path forward now is less clear.
That said, let's now start this blog with its five day chart.
It's flat on the day after being higher on the opening.
........
One thought. It could rebound a couple of dollars before the end of the day. Here now is how it closed out the day. The volume of trading on these Calls was next to nothing.
Now this on a Tuesday.
Can you see how suddenly this position lost so much of it's value and might end up expiring worthless on Friday. Three or four or five dollar price swings on this stock happen all the time over two day periods of time. If you get caught going the wrong way can you see how discouraging these options are to play? It's not like playing Tesla options which can swing up or down seven dollars in one day whispering of the silliest of news. That said, Deere options sometimes do suprise. I doubt few other bloggers on the web focus on situations like this. Now the same calls on Wendesday's closing. Down but not out.
Thursday August 29th at the close. Down and not out again. A few lucky traders may have got out at a profit.
Do you think this chart will bounce on the opening? It seems to have a lot of froth and six hours of trading life left in them. Let's see what happens. Here is the Thursday at the close five day chart.
Now to Friday morning, the culmination of a long week of nursing this series of Call options. If you have any of these Calls you would be wise to get out at this point? There are after all easier battles to play. Yet ten again some traders like Fridays action.
Here is how it closed out the week.
Friday turned out to be a week of upward action. Fianally, here is Deere's thirty day chart.
Now it's ninety day chart. It look s like it wants to break out.

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