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Friday One Day Option Trading Cut to The Chase

Let's start with Nvidia Puts on Friday March 15th, Over 55,000 contracts traded on this one series alone on the day.. ... The lows of the day happened when Nvidia was trading around $186.00 in the early morning. It was a smooth move downwards after that. Here is how the DJIA closed the day. 2) Number two on our list is Home Depot. It opened stronger on Friday morning however it closed the day totally flat. Here is how one series of it's Puts closed the day. Notice the spread between the near opening high and the low of the day. It like Nvidia sold off most of the day. 3) Tesla. One series of it's Put options traded over 45,000 contracts on the day. Other series may have traded more. It's chart like the two above was mostly down all day. .. 4) Apple is another stock that took a hit for over $5.00 on Friday. Here is how one series of it's Puts traded. 5) Caterpillar. In this case the big move down happened in the first hour of trading. So what is my point? Wel...

McDonald's And An Earnings Report

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?

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