Looking For Friday Bounces.
Boeing sometimes bounces on a Friday morning. Yet you can't really jump into it's Calls or Puts on a Thursday close hoping to profit...
Boeing sometimes bounces on a Friday morning. Yet you can't really jump into it's Calls or Puts on a Thursday close hoping to profit from it's morning move. Why not? Well there are to many variables in play, one being short term changes in the price of oil. Boeing often opens up a dollar or two higher or lower in price on Friday mornings to then only to quickly reverse directions as it tries to figure out which way the winds are blowing. That's my take on things. Here are two situations I now find interesting for a Friday one day option trade. First Apple. Look at it's jumpy five day chart followed by it's Thursday one day chart of sputtering on the day until the closing bell. Could it wake up again on the opening? .. Look at how it's 355 series of Calls closed. They closed on Thursday at $1.77. I like these slightly "out-of-the-money" Calls for a morning bounce. When Apple bounces it can sometimes move $5.00. Netflix also looks interesting. Here...
Boeing sometimes bounces on a Friday morning. Yet you can't really jump into it's Calls or Puts on a Thursday close hoping to profit...
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