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Walmart And Costco. Can You Play Them At 11:20 A.M. On A Friday Morning For A Rebound?

First it's one and five day charts. .. If you are thinking about looking for a rebound it doesn't help much that Costco is down over $40.00 on the day. Now here is the pricing on one series of Walmart Calls at 11:27 a.m.. Now here is the price on one series of Costco Calls at 11:28 a.m.. For what it's worth the D.J.!.A. remains strong. To be continued. Most day traders just walk away from Friday afternoon "last-day-to-expiring" option trading. Now here are the two closing charts. Both series of Calls would have given you your money back but that's about it. The next week out Call options would have provided slight returns. When you see $46.00 morning drops on Costco know not to play Walmart's last day Call options and you know to stay away from Costco until the dust settles.
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Snowflake Option Action On A Friday Morning.

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Here is it's story. .... What a move it had yesterday followed by another upward move today. Here is how the D.J.I.A is trading at 10:45 a.m. Are the Calls or the Puts going to win on the day? ..... Notice the open interest in the Calls far exceeds the action in the Puts. That's almost always the way it is. What do you think is going to happen? Now this. At 3:00 p.m., the deadline time period to get out the stock was trading at $252.15. Timing is everything. Anyone purchasing the 250 series of Calls around 12:30 p.m. when the stock as at $245.45 would have done wonderfully well.
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First Solar On A Thursday Morning.

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Look at how this stock opened. Now look at these two series of Puts that expire tomorrow. What do I notice? The stock is up almost $20.00 and trader's are not jumping in to play the downside. There has to be a reason for that. It's not like seeing Boeing jump up $4.00 on a Monday morning and to then decide to play it downwards. What I do notice is the number zero when it comes to the number of Puts traded on it's options that expire tomorrow. This is at a time when the DJIA is down 101 points. Now this 17 minutes later. The stock has not given up any of it's gain. Now this. What to I think? My focus is on "daytrading" options with Thursday being my least favorite day of the week to be making trades. If you are playing the options series expiring the next day (the Friday options) the premiums charged to be in the game are to expensive. That plus you have about a 50-50 chance of guessing corectly which way the market is going to open on the following day...
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Mid Week Morning Option Trading . Apple

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Apple moves up in the first hour of trading on a Wednesday. Are there reasons now to be looking at it's Puts? Well with computer generated trading the 10:00 a.m. time period might magically click in to be a "time-of-a-reversal". We are two minutes away from that happening at 10:00 a.m.. Let's check back in twenty five minutes to see what happens. The small upward spike on top of an initial spike did not hold. That's the way I see it anyways.The 10:00 a.m. trading mark was a speed bump that served to change the upward projectory of this stock. Now a revisit to this situation twenty minutes later. Apple shed these worries. With "last day to expiring options" the 10:00 a.m. morning time period is often fraught with worries. That's just the way it is. Now let's focus in on this action just minutes before the 3:00 p.m. option expiracy deadline. Are you starting to understand the power of mid week option trading?
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