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Can You Play The Dips On $10.00 Drone Stocks With One Week to Go?

It's Monday morning. This is going to be a long and super speculative blog which has somehow caught my attention. Please try and get through it. Look at these three drone stocks and look at how their one week to expiracy options are trading. Drone stocks don't really make any money but the world is waking up to recognizing their military capabilities. Other countries all over the world also make drones. Trumph has helped to bump up the values of these companies in the first half of this year. It's all kind of a guessing game and existing shareholders need to get through this very current two or three day rough patch. 1) Now here are two series of their Call options. Five days ago this stock hit $12.00. .... The interest here is only in the "out-of-the-money" Calls. Not many option traders at this point in time are trading these calls. There is a sense of being late to the party. 2) Draganfly. What a run it has had. The options on this one are set up differently....

Spacs

Are a new animal and sometimes go dormant until something happens. If your a fan of "Caterpillar","Ford" and "Boeing" options your 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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