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Wednesdays Can Be Turn Around Days for One Week Options. Deere

Let's start with two charts. A five day chart and a one day chart as we approach noon today. .... ... Now a look at these two series of Puts which will be expiring this Friday. The 512.50 and the 510.00 Puts. These are thinly traded options with the built in worry of having a wide spread between the bid and ask. In some ways that doesn't matter, knowing that a ten dollar swing would not be out of the norm. More concerning however is the size of the spread on these next sightly "out-of-the-money" Puts. With spreads this far apart they would be difficult to buy into and sell out of. No one is giving away free money. Let's follow this story and see what ends up happening.
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The Silly Game Of Playing Pfizer Options

Last week I posted a blog about buying Pfizer Calls at the very end of a trading session when the DJIA was down 500 points. Options on stocks that are in $25.00 price range are highly leveraged and it doesn't take much of a move in the stocks price to generate a move in the underlying options. That's the logic behind this kind of trade. Today similiar circumstances (a sizeable drop) are brewing with the DJIA index now down in mid morning trading. Could these Call options rebound from an early morning drop?
Here are two series of Call options to follow and Pfizer's current five day chart.
....
....
Let's see what happens. Here is the 25 series of Calls again in the late morning trading.
Now here is how they closed the day.
This series did nothing all day and the DJIA never came back.
Now this on Wednesday morning.
$.25 to $.36. Now more upward movement and look at the buying volume pouring into them.
To be continued.

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