Posts

Showing posts from October, 2021

Featured

Eli Lilly Looking For Rebound After Two Days Of Selling Off In Price.

Here are how things are set up for the opening. Now it's one and five day charts. .. So the stock is down like $75.00 from it's peak opening two days ago. It's Wednesday and these option now have three days of life left in them. $14.97 is the price this one series of Calls closed at. This kind of a chart formation looks kind of ugly. A flat opening. There is not much happening in the first twenty minutes of trading yet the D.J.I.A is up.. It's a Wednesday and for one week option traders these are often turn around days. It didn't happen. Eli Lilly danced around and then sold off on the close on Wednesday. Here is the pricing of the 1,025 Calls going into Thursday morning. They cost $9.00 and are $10.00 "out-of-the-money" with only two trading days to go. Does reading all this curb your appetite for wanting to play situations like this? If nothing else, it gives you an appreciation for how dangerous this game can be. Let's see what happens next.
Post a Comment
Read more

Ford - An Earning Report

Image
Ford is going electric, that's the buzz. We all know the story. Earnings just came out on the stock and the Call options jumped on the opening. If you were playing options you had to get out just after the opening. With option plays on earning reports that's usually the way to best way play them. First, I will show the prior day's action. There was a gap down on the opening and 94 million shares traded. That's a large number. People were cashing out after recent good times. Now here is a chart of Ford the next day and here is how two option series traded. Buy in at the close and sell out just after the opening. Look at how high each series traded up to just after the opening. The earning numbers were not all that great but it's the buzz about going electric. Ford is one of the better stocks out there to play earning report releases. ** Scroll up to the upper left and read my most recent blog on MacDonald's earning report.
Post a Comment
Read more

McDonald's And An Earnings Report

Image
I was sitting in the drive through line yesterday at McDonalds redeeming a free coffee sticker won from being there a few days prior. It was a long line up for mid-afternoon. I am not a fast food junkie. I found myself thinking of how the Domino Pizza stock was on a terror for much of last year but not so much now. When we were all locked in last year everyone was ordering their pizza. I was also wondered if they would now accept my little free coffee sticker as it was only thumbnail size. Then when I pulled up to the drive thru window I hit a patch of bees. Apparently for whatever reason they were enjoying being at that window. They gave me my free coffee. Boy it was busy there. I note in this option series that there were only 292 open contracts. That small number suprises me. Why didn't more option players see this coming?
Post a Comment
Read more