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Ford Calls and a Big Surprise.

Look at this Ford chart on July 1at Now todays Call options. Every quarter these types of reports come out. This one was good. Watch for it Next July 1st. A $2.00 option went up to close at $37.00. In my introductory remarks to this blogging channel a few years ago I said many old farts driving Mustang convertables paid for them from money made on playing Ford options. This bounce today in the Call prices based on this good news report of rising sales was one of those events. Now this, the strenght continued into the following day which is Wednesday July 2nd. This is a short week for option trading with tomorrow being the last day. Action like this is extremely rare.

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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