First Solar On A Thursday Morning.
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...