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FORD AND EARNING'S

Let's start with Ford's chart on the day of an earning's release. People need to buy cars and trucks to keep moving. That plus they are expensive. Here is how two series of this weeks Calls traded. Look at their percentage gains. I do a lot of blogs on Ford's quarterly earning reports. They are a bright spot for many option players. Did you pick up any Calls yesterday before the release of this earnings report? There was also this other news release shown below which came out a few days earlier. * ** Nio also had a somewhat similar gain on the day. What a day for Ford Call Option players. Ford jumped again on the following opening.
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A Jumpy Week For Caterpillar - A Week With Earning Reports

Here is Thursday's trading on the day on Caterpillar.
Here is how the $417.50 calls that expire tomorrow closed the day.
Something happened this week. Caterpillar had a quarterly earning report come out on Tuesday. It's stock trading action survived this news unscathed. Here is it's five day chart as of the end of Thursday.
Maybe the 420.00 or the 422.50 series Calls are better to look at? Here they are.
But wait. Deere got clobbered today on the release of a quarterly earning's report. Why didn't Caterpillar sell off in price in sympathy? It shoud have. Deere sold off $34.70. For this reason alone I would be more inclined to purchase the Puts. Here is the series I would consider.
To be continued. Now Caterpillar in the pre markets on Friday morning.
One option would be to sell in the premarkets and walk away. The second option would be to see how it trades on the day. Here is the answer. Caterpillar was down $9.71 on the day! It's the kinship with Deere which made this all happen.
Once again, a jumpy week for Caterpillar.
** The logic of this blog becomes more apparent if I repost the day of Deere's drop.
++++ Now this. Can Caterpillar keep it's momentum going?
Sales still look stable. Chart patterns like this scare most option traders because in some ways it becomes a game of luck. For interest sake only let's look at how Caterpillar traded on the following week up to the noon on Friday.

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