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Showing posts from June, 2021

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Caterpillar Jumps Like $30.00 On The Opening

Here is it's chart. Nobody used options to play it. The stock opened stronger. Now what? The Puts? Ten contracts have traded in the 707.50 series. . Why aren't more traders attracted to this situation? Why haven't ten or fifteen thousand contracts on this series traded so far this morning? Sure it's dangerous however the potential to make money on this trade is huge. Over the next few hours or days Trumph will mess up again and say something stupid. He is the most powerful man in the world. Let's see what happens. Now this only fourteen minutes later. Look at the wide spread in the "bid-and-ask"? Nervousness is in the air. Now this, a look at a lower series of Put options, the $700.00 series. When I see 100 contracts traded I get suspicious. A bigger fish is also playing these options. That's a good thing. Going solo can be a lonely game. Let's move forward to 12:15 p.m.. Let's go back to the 707.50 series of Puts and look at how it is t...

Spacs

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Are a new animal and sometimes go dormant until something happens. If your a fan of "Caterpillar","Ford" or "Boeing" options you're not really looking in that space. Sometimes it nice to have a list of "outside the box" companies" to watch. Here is one of those list and here is my experience with one of those such companies. Well, not the exact list but one similar to it. - this one with the symbol "APXT' I played it yesterday and today. In at noon yesterday, ten contracts at .35 each and out the next morning June 3th 2021 at 7:14 a.m. at .95 each. I kind of saw it go up after I bought so yes I did put in a sell ticket early in the morning at a price I was thinking it would hit. What happened was kind of interesting. Call it a perfect storm as the company came out with a news report. Option traders know that one dollar increase on ten dollar stocks can do wonders, even if we are talking about regular stocks and not spacs. A ...