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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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Nio Again- Day Trading Options on This Electric Car Company And Part Two Of Trading In the Premarkets.

Yesterday's blog was about using the premarkets to sell out at a profit two Nio Puts I was holding. "Nio" rallied on Wednesday and tanked on Thursday. I got out of my position with a premarket selling ticket which all options traders can do. The trick in making these types of trades is that there are no bids and ask on your screen so you have to pick a price you're happy with and then live with the consequences. At the end of this blog I will show you how I am trying to do this again before the market opens this morning on a different stock. It's Friday March 11th and the markets open in a few hours. This time it will be a Call option on Boeing I am trying to sell again into the premarkets. I would like to now explain a failed attempt to again trade Nio Calls in yesterdays afternoon markets. I will show you Nios one day chart and the trade I did. It is my experience that it is not wise to "go back to the same well", meaning trading the same stock over again when your playing options. It's always best to look with fresh eyes at new situations. Here is yesterday's chart on Nio and here is what I did.
Are you able to see how it crashed on the opening and looked like it wanted to turn around in the afternoon? Here is my buy ticket when I decided to play the potential rebound at 1:04 p.m.
What next? I got spooked. With about $500.00 on the line I didn't want to be in an overnight position going into a Friday, the last day when this option series was to expire. If it were to languish sideways I would be be out of luck. ( I liked the odds of Boeing bouncing on the opening, the DJI was recovering towards the end of the day). So what did I do. Well twenty minutes before the closing bell I got out and got my money back. If I had waited another ten minutes I would have gotten one hundred dollars more. I just wanted out.
As it turned out Nio looked like it wanted to open up higher in the premarkets this morning but then turned south and was down all day. Part two of this blog is about the pemarket ticket I now have in on Boeing. I purchased one Boeing Call, the 210 series at 3:52:27 p.m. yesterday which expires today. Here is it's one day chart, the option contract I purchased and my premarket sell ticket. Let's see what happens next.
Now here is the fill that I got which also shows the time I placed the order. I placed the order at 7:07 a.m... I did o.k. and Nio continued to go down on the opening and all day.
To make money like that on Boeing is never a sure thing. Look at this five day chart on it and you will see how lucky I was.

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