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Why Retail Traders Don't Play Costco Earning Reports

Options on stocks priced in the $1,000 per share price range with two trading days of life left in them are bombs waiting to be exploded. That's why retail traders can't trade them. That plus they are expensive. Earnings are coming today after the closing bell. Here is how things are set up to go before Thurday's opening. First it's five day chart. Now it's 1,000 series of Calls and Puts. Notice the low volumes of trading and the low open interest numbers. ...................... Now look at this action. The Calls sank on the opening and the Puts charged upwards. Here first are how the Calls traded. T52_0ghVpwL62_KdBC8bkD8No0k7uYNehtOpIfeUuRjCiFG4gvPz8-IOqPdaHil- 754 contracts traded in the Calls. Now the Puts. Only 61 Put contracts traded on the day. Here is a more detailed look at the same thing. So the Puts that closed at $1,388.00 yesterday hit a high of $2,638.00 just after today's opening. Maybe it's the high cost of the options which are keeping ...
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Spacs

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 couple of footnotes.
Shown above is the days trading on the stock. The options opened at .40 cents and went as high as $1.25. What I find amazing is my fill in the pre-market when the options opened so much lower. I didn't check to see if I got a fill on the opening which was a mistake on my part, because if I knew I was filled at .95 and I the options were back in the .45 cent range I would have purchased more of them.

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