Can You Play The 197.50 Calls On Boeing at 12:49 p.m. On A Friday That Expire At 3:00 p.m. ?

Question. Why would you want to?. It's a Friday and they expire at 3:00 p.m. They are $.71 cents "out-of-the-money" and they expire in 71 minutes. If you do the math they are going to cost you just over $5.00 a minute to hold. ($360.00 which is price paid to purchase ten contracts) divided by 71. Looking at it differently it's going to give you digs on stock with a present value if $19,679.00 for the next 71 minutes. But wait. There is a story behind this story. Boeing had a rough week after having a conference call with their banker friends. Their banker friends want them to make more money. No one ever said it was easy to manage a company that big. In a recent blog I talked about how Boeing had a substantial one day drop in price this week. Here is a chart of what happened. Are their bargain hunters now out there looking for a rebound? Apparently so. Now a Boeing's one day trading chart leading up the to 3:00 p.m. "must-get-out" deadline? Now here ...