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Walmart Again

On Monday I did a blog on buying this week's Call options on Walmart. Today is now Thursday and there was a big crash in the markets yesterday. For example, Tesla had an insane selloff. Here is what happened to it. Today it is slightly rebounding as are so many other stocks. Thursdays however as oftened mentioned are not a good time to be purchasing one day options on stocks that expire the next day. So how is any of this revelant to Walmart's trading today? Well, there was a whole bunch other stocks that got knocked yesterday that might now rebound back up again together. Look at the chart below of Walmart and see how it was off a couple of dollars yesterday. Could you buy in now and get out later in the day? Fantasy thinking, one might say. Could it sneak up even one dollar? Now this. The stock mid morning is now merely trading sideways. Now look at this, the 93 series of Calls. (On Monday we were looking at the 94 series of Calls). At 10:22 a.m. the stock is up six cents...
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Let's Think about Going For a Ride "Boeing"

Monday was a long and sideways day for "Boeing". Things didn't look so great an hour into this mornings trading. Here is it's one day and five day chart. It's first quarter's earning report is now history.
Here now is how one series of options traded on it. The "C" stands for "Calls" and the "P" stands for "Puts". Look at how the daily trading volume on the "Call" side is so much greater than on the "Put" side. Also look at how the open interest are smaller than the daily volume of options traded. What that tells us that traders are playing interday swings. It's safer not holding onto overnight postitions. Do you want to be part of this action? The nice thing for Monday traders on short term "Call" options is the safety of having four trading days left in this series.
Let's check back at 10:30 a.m. tomorrow to look for a playable swing. I missed 10:30 a.m. self imposed check in time. Here is the action at 10:45 a.m. The DJI was down 275 points. Was 10:30 a.m. was the time to get in? You decide.
Yet another look at noon. Does it now look like it wants to bounce?
Here now is a look at another series of "Puts", the 240 series of "Puts" at 12:20 p.m.. Does this now give you a better appreciation of the power of playing the downside?
Now it's 2:10 p.m. and here is what I did. I got out of what I bought during the morning. Why did I get out? One reason is that this is a teaching website and I want to show my readers that short term traders can poke away and eak out small returns. Are you also able to see how at about 2:45 p.m. it looked like the rebound was slowing down. It's difficult at times to be riding a wild horse.
In at $3.40 and $2.85 and out at $3.72 .
**** an end of the day update... the markets came charging back and I got out to soon. Here is what these options ended up closing at. More about my thoughts on this later. This turned out to be an exciting day for mid week option traders.
It's strange how noon time turned out to be the low of the day.

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