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Caterpillar Puts On A Friday Morning

I am getting some flack from people saying I should have called this site CatCalls and not CatPuts. Oh well, I saved money by going with name Catputs. Now this. Caterpillar closed at $647.18 on Thursday and jumped to $655.54 at 9:47 a.m. on Friday morning. Then it dropped to 641.44, the low of the day at 10:43 a.m. which was 56 minutes later. That's a massive price swing. Looking for price swings on one day options are not normal trades to be thinking about. I get that Look at how this one series of Puts reacted. Option trader as I have often mentioned are afraid to play options on Caterpillar as it defies logic and continues to go up in price. It has an earnings report coming out at 8:30 a.m. on Thursday January 29th. Try and listen to their conference call. Profits may not be as rich as some people are expecting. Input costs have risen. Now let's look at the 650.00 Puts to see how they traded on the day. So few traders attempt to trade in them. Look at the super low open i...
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Lucid Disappoints Again

Let's start with a good news story back on July 22nd. That wasn't that long ago.
Now this news.
Remember the old days?
If you look at it's five day chart below you will see how the stock dropped on that news and opened stronger on the next two sessions. That should tell you something. I don't know what to think about all this. If it starts trading at $10.00 per share and sinks to $7.50 and then comes out with some crazy news like they did in July then the stage could be set for another rebound and if sales then start to go up they could come back to the markets to raise some additional money. That's a lot of ifs.
Let's watch the remainer of this week to see if the open interest in the January 2026 and 2027 $2.00 Calls continues to go up. Remember ten Calls will become one Call and the new striking price will be $10.00. What are visionaries now thinking?
To be continued. A Friday Sept.99th update at 12:50 p.m.. Now a look at the Jan17th 2026 Calls with a striking price of $2.00 to see if the volume in them has increased. Today is the last trading day before the planned reverse stock split. The volume is only up slightly.
Can you see how Lucid is trading at $1.99 in the early afternoon. They will most likely close the stock at $2.00 today to make the reverse stock split now scheduled for the next trading day easy. They didn't, they closed the stock at $1.98 and here is how it traded in the premarkets on September 2nd at it's new price.
They took a hit. Now this.
Here is Lucid's new chart on Monday morning. Yes traders bought in on the dip.
the action in these Calls don't seem to make sense.. what happened to all the volume? Why is the open interst number zero?
To be continued.

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