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Twenty Four Cent Boeing Calls On A Friday Morning With A Rally On The Day of Over 400 Points.

Boeing is one stock you can mess around with on Friday mornings. It can move like $5.00 in one day and it's last day to expiring Calls and Puts often pay off big time. Here I am this morning looking at it's five chart. I like the fact it opened stronger and then came off. look at these two series of Calls that expire today. Notice the 60 and 62 percent drops in value on these "out-of-the-money Calls" in the first eight minutes of trading. Now this. Boeing continues to stall out. Now let's jump forward to the 2:50 p.m. timee period. The deadline to get out is 3:00 p.m. ... So what is the takeaway? A strong market helped the outcome. The $.24 cent options hit a high of $.79 and the $.55 options we first looked at jumped as high as $1.80. These are happy days again for short term, "one-day" option traders.
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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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