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Showing posts from June, 2021

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Up Today And Down Tomorrow. A Day Of Peace Talk News.

Let's start with Home Depot and then move on to Caterpillar and Eli Lilly. ... .... ... All three of these series of Puts have two full days of trading life in them. These are not normal times and all three of these series of Puts are attracting next to no interest. Is the U.S. on the hook for all the damages it has created. That's never going to happen. Playing the upside is to expensive and playing the downside on strong stocks is a losing game. Is this upside move now a case of excess exuberance? I think so.
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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 ...
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