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Exxon On A Thursday Morning With Only Ten Contracts Traded.

Why only ten contracts traded? Sure there are other platforms to trade oil contracts and Exxon's listed options are only one way to do it. Yet think about this. Exxon employs about 61,000 people world wide. Some are accountants watching their books. Why is their so little interest in taking positions on their companies Call and Put options? Why are there not more contracts traded on Exxon options that expire tomorrow? To me it's all so strange. Here is Exxon's five day chart. Now this, a look at some of the action as of 10:00 a.m. The 112 series of options have doubled and thw 113 series (depending at what time you got in) are have gone up even more. This is the kind of activity I look for on Thursday mornings. *** Exxon ended up closing down on the day. Here is how the 112 series of Calls closed. Look at how few contracts traded. Look at the high of $2.00. Exxon can be a good stock to play options on with only a few days to go. Last week's blog showed the same thi...
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The Long Awaited Deere Earning's Report

A few carefully crafted sentences puts to rest all concerns going forward. Read them below. Or do they? What am I talking about? I am talking about managements response to how well they did in their last quarter of operations. The long awaited Deere quarterly earnings report was released this morning. In previous blogs we showed how crazy expensive the Calls and Puts where on it, in anticipation of this news.
So it's earnings are now published for all to read. It was announced that profits were down. Management basically says "so what". They also said in a round-about way that they were not going forward to be doing anything much differently. There were no apologies for a poor earnings report as if it was something to be expected. All of their comments seemed pretty chill. The stock went up. That's a pattern more common as of late.
So the Call options go crazy as you can see on the five day chart. Call option holders made money irrespective of how expensive they initially were to buy into. In the first fourteen minutes of trading this morning here is how the 500 series of Call options reacted.
But look at an open volume of only 541 contracts. That's really nothing. Think of that compared to the trading volumes in Tesla options. It's a different kind of trader who uses Deere as a trading vehicle. I would now want to mention my May 11th blog. In it the $392.50 Calls were under discussion. I often say that Deere options are to difficult to play, mostly because they are so expensive. What action! Now it's five day and thirty day charts.
I have often said I like thirty day moves on this stock. I don't know why it is trading this high.

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