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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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Ford This Morning After A Biden Speech

What an opening chart!
Here also is a different chart showing how Ford closed the day yesterday.
It's the very same chart minus this morning's spike. It's amazing how a Presidential speech the night before can help to move the markets in certain stocks in this price range. Now lets look at how this affected the 17 series of Calls.
What do you see in the above printout? At 2:17 p.m. yesterday before the speech the Ford 17 Calls were trading at .24 cents or twenty four dollars a contract. I was watching them. Now look at what they are trading at this morning, the morning after the Biden speech and look at what where they were traded at the end of the day.

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