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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 "out-of-the-money" series of Calls that expire today. It's a gamble that requires Boeing to go up. That's why them are priced so cheap. A lot can happen in the next five hours of trading. Look at how it was trading at a higher price on the previous day. 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. time 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 a...
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Caterpillar Jumped $32.09 On The Week

Not a bad week.
Here is how it traded on Friday. It was up $7.28 however it was losing steam towards the end of the trading session.
Here is how one of it's Call option series traded on Friday.
A couple of comments. Look at the low interest in the outstanding number of option contracts in this one series shown. Option traders don't like trading them. Their earning report for the quarter doesn't come put until Oct 29th. Earnings per share this year are expected to be around $18.00 per share compared to $21.00 in 2023. Caterpillar is helped by interest rates coming down and the increased interest in mining actitives and AI biulding infrastructure projects.How true any of this? One can only guess. The stock Deere and Co. in contrast was down $1.11 on the week. Farmers are in trouble.
Now let's look at Caterpillars 30 day chart.
Now a look at these three series of "out-of-the-money" Puts that will expire at the end of this week. No one is wanting to trade them.
It's hard to fight upward sentiment. Now this, a readout of one of next weeks "in-the-money-Puts".
Five trading session ago Caterpillar was trading at $470.00. Charging stocks like Caterpillar are difficult to play on the downside. So few option traders want to play it on the downside. Now this, a look at one series of Puts that traded On Friday Oct. 3th. If you look at it's one day chart you will see that it sold off between 12:45 p.m. and 2:15 p.m. Around this 12:45 p.m. time period the 500 series of Puts sold off to their lows of the day down to one cent a contract! There was an opportunity profit on that mid day slide.
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It's only on a Friday that one day moves of this magnitude would have such a direct effect on the trading patterns of short term options like this. But who would would be brave enough to purchase Puts $5.00 "out-of-the money" with only three hours of trading time left in them? If Caterpillar jumps again on Monday morning expect to see some traders starting to think about looking at the downside action.

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