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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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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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