Caterpillar Puts On A Thursday Morning With Friday Being A Holiday

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First it's five day chart going into the opening.
Now it's one day chart showing a modest selling pressure towards the close of the day.
Is this dip towards the closing a precursor to Caterpillar opening lower? It's difficult say. Here is how two series of it's Puts closed the day.
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Notice the low volumes of Puts and think back to how Caterpillar was trading over $50.00 lower only two days ago. To me these Put options don't truly reflect the volatility of this situation. Now here is how these two series of Puts traded on the following opening.
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I don't understand why more traders didn't see this coming. *** Here is a more detailed look at how Caterpillar traded on the entire day.
The low of the day was at exactly 9:45 a.m. or fifteen minutes after the market opened. It's kind of a suspicious number. Read my April 5th blog which investigates this thought further.

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