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One Day Boeing Puts On A Friday

It's 9:56 a.m. Now it's five day chart. This is where it will get interesting. Notice it has a rebound off a soft opening? Traders who used the 212.50 series of Calls on Boeing's soft opening were already well rewarded. Here is what the indexes are doing. So that's it. You could wager $100.00 U.S. plus commisions for one contract or multiples thereof and walk again. It's a bet on your abilities to recognize chart formations. Now this. If you bought in and a small gain materializes in a matter of minutes do you take it? Sorry. It's now 10:46 a.m. There is no gain. That opportunity never presented itself. In fact these $1.00 Puts we were once excited about dropped down at one point in time to $.42. .. If you signed up to be part of the action can you see the mess you are now in? Here we are seven minutes later and things for these Puts are starting to get a touch better.That's how quickly things can move. Can you see at this point in time how dangerous ...
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Insane One Day Action on Caterpillar And Deere . Both Stocks Are Difficult To Follow

First Caterpillar. I can't make this kind if stuff up.
..........
Only 136 contracts in this one series traded today.That's nothing. I have being commenting on these low numbers in recent periods of time. We hear the terminology "buy-on-the-dips". I didn't see that happening today. Deere the same thing however it's Call action was less inspiring..
Very few Deere Calls traded. Here is how the DJIA traded on the day.
Now their thirty day charts. First Caterpillar.
Now Deere.
Look at Caterpillars one day chart yesterday. One series of options traded down to $4.00 to only then rebound to $23.00. That was the play of the week. Once again, Wednesdays like I have said fifty times before are the best days on the week to look for reverals on "one-week-to-expiring options".
At this point in time I would skip playing the Thursday last "two-days-to-expiring options" on these two stocks and check back into the action on Friday to only look at Tesla. Caterpillar and Deere are to hard to play with only one or two days to go. *** Tesla did nothing on Friday and Deere lost $8.00. Caterpillar danced around of Friday and had a strong gain all week.

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