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A Look At "The Bids And Asks" On Two Different Series Of Put Options That Expire In A Few Hours

On July 3th the markets were closing at 1:00 p.m. with July 4th also being a holiday. Many traders were disconnected from the markets. It is holiday time. Let's look at these two different option series. 1) Boeing. It jumped up in price over $4.00 in early market trading. Boeing does that sometimes on Fridays. It's 10:15 a.m. and here are the slightly "out-of-the-money" $215.00 series of Puts which are just over $1.00 "out-of-the-money". The stock is at $216.21. These Puts expire in less than three hours. If Boeing started to give back some of it's gains these Puts could be worth big money.The stock is at $216.21 and the striking price of $215.00 isn't really all that far away. Look at how cheap these Puts have suddenly become. What ended up happening? Here is a summary of how Boeing end up trading on the day. Boeing never ended up selling off to below the $215.00 price range. The 215 Puts ended up expiring worthless. *** There was other ac...
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A Week With Boeing Up $35.00

"Boeing" is up over eleven dollars on the day and the DJI is up over 350 points. It's 1:17 p.m. in the afternoon on a Wednesday. What are the odds of being able to make money playing "Boeing Puts" on the downside which expire this Friday? 50:50? The real question is why would you want to? The stock is now up over twelve dollars on the day. Here is the daily chart and here are two near term "Put" option positions. Would now be a good entry point looking for a reversal?
Notice in the twelve minute difference in the period of time between these two printouts "Boeing" has gone up by almost a dollar. Other stocks like "Disney" and "Caterpillar" sometimes have five dollar a day rallies and sometimes they don't stop going up for a couple of days. When a stock goes up twelve dollars in one day you can't really wander in willy nilly hoping for a reversal. Now here is an end of the day chart on "Boeing". Look at what today's "Calls" did. Notice the extremely high number of "Call" options traded.
Now a next day March 11th 10:00 a.m. update. "Boeing" continues to charge up. There doesn't seem to any real news as to why. If your holding "Call" options one of the most difficult things to do is to avoid the temptation to sell out.
What a ride for the "Call" holders. This type of action is someone unusual but "Boeing" is an amazing stock to watch/play when it is on fire. A Friday morning pre-market report. "Boeing" is up something like $35 dollars since Tuesday. Once again what a nice ride for any "Call" holders. Here also is a five day chart after the closing bell.
Now we end the week with the followng news.
Here now again are the March 12 240 "Calls" which are up ten-fold from where they were only a few days ago. Look at Boeing jumping over $17.00 in one day.
What is there to make of all of this? Well, keep this blog in the back of your mind and six or ten or fourteen months down the road when you see it rallying at the start of the week. Don't be afraid to go along for the ride.

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