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Walmart "Last- Day-To Expiry- Puts " At 11:15 A.M. On A Friday Morning

It's a friday and these Call options expire today. Here are how it's one day Puts are trading. At 11:15 a.m. these puts are "in-the-money". Now it's one day and five day chart. .... Doesn't it look like it's one day chart is going to run out of steam? Now let's look at how the stock ended up trading on the day. It looks like the stock basically traded sideways for the rest of the day however it really didn't. It has it's ups and downs. The little red line shows the action in the Put prices on the day. Had you bought the Puts at $.44 per contract (or $44.00 dollars) at 11:15 a.m. you could have sold them out at 12:08 p.m. for $1.66 a contract, at 1:26 p.m. for $1.42 a contract or at 2:56 p.m. (four minutes before the 3:00 p.m. sellout deadline) for $1.35 a contract! What amazing gains compared to the five days of drama found in my previous blog about trading drone options with one week of trading life left in them. Interday price swings on ...
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Cat Calls

The markets opened stronger on a Friday morning and Caterpillar Calls jump over $8.00 in the thirty five minutes of trading. Look at the volume of trading on this series of options. Seven contracts! These are the Puts. What if the opening markets tops out? That volume of trading in the Puts is nothing.
Let's compare that number to the number of Calls on this series of Tesla Calls at the same time in the morning.
7 vs 17,309. Crazy. Why are people so afraid to play Caterpillar Calls when the stock has had such a strong surge as of late? Now let's move forward and look at how these two series of Caterpillar options are trading a few minutes later at 10:35 a.m.. The Calls are up even more which draws are attention to what the Puts are doing.
Notice the wide spread in the "Bid" and "Ask" on the Puts. This indicates that the option market makers are in a particulary vulnerable spot. Now this, the markets have changed. There was Trumph and China tariff news.
Caterpillar dropped.
It's just after 11:00 a.m. and the Puts paid off big time. We saw the Puts at 10:36 a.m. trade at $1.50 with a wide "bid and ask" ($1.25 and $2.63) and someone was lucky to get a fill after that time at $136.00. Now that all of this action has happened I would say it's time to sign off for the week. Here is how Caterpillar was trading at noon.
Here are it's end of day readings.
$1.32 went to $16.50. Not many traders caught this one.

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