So Boeing Is Down On Friday Morning.
It's only down a touch. Here is what one series of it's Calls are doing. Now this. All that in just under ten minutes.
Caterpillar - An Earning Report
It was stronger than expected.
In a blog I did last week on April 24th here is how the 830 series of Calls were trading that day.
The open interest and volume of trading in the Calls at that time was next to nothing. Here is how they traded today on their earnings report news.
They more than tripled in price in one day. Only 29 contracts traded on the day! Traders were afraid to shell out the large amount of cash $2,771.00 to be exact, to be in the game. That's just to much money. The return was $7,235.00. That is more than a double. Was I wrong for not recommending them as a purchase? I was saying that Caterpillar was trading at lofty levels and I followed the Puts instead which ended up going sideways for a few days. There is always a bit of nervousness just before earning releases. The game with Caterpillar will continue. Now this.
It now looks like it's going to go to $900.00 or even $1,000.00 per share.
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