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Walmart Again

On Monday I did a blog on buying this week's Call options on Walmart for a morning move. Today is now Thursday and there was a big sell off in the markets yesterday. Tesla sold off for example and here is what happened to it. Today it is slightly rebounding as are so many other stocks. Thursdays however as oftened mentioned in recent blogs are not a good time to be purchasing one day options on stocks that expire the next day. Times change. In less chaotic times that's not always case. In the last few years there would be known upcoming Friday morning events like the release farm payroll numbers or other economic readings that would move the needle on the markets going up or down on on a Friday morning. In those markets it paid to get into option positions before the closing on a Thursday to get out on the Friday morning bounces were caused by the release of these premarket reports. So how is any of this revelant to Walmart's trading today? Well, there was a whole bunch o...
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Working The Market To Make $200.00 On A Friday Morning

"Boeing" was nervous on the opening and "Caterpillar" flexed it's muscles in the usual way. I had an hour to spare but wasn't interested in following the market all day so I did some trading, 3 buys and sells and got tired towards the end and closed out the third position to get on with my day. The end result was a $200.00 profit. Here is what it all looks like.
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I could have done better but I am o.k. with what happened. Early Friday morning trading can work well if your focused. I was out in just under 50 minutes."Boeing" closed down the day forty cents and "Caterpillar" closed up eighteen cents. It was a day which was difficult to break their bank.

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