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Can You Play Exxon Crashing On The Opening?

Here is it's five day chart. I have talked about these options before. Exxon drops on the opening. The Puts going into the trading session obviously did well. Is it time to buy the Calls for a rebound? Here are two series to look at. Only one contract traded in the first five minutes of trading. That tells us traders do not see this as being an amazing opportunity. It also shows us that experienced option traders have taught themselves to wait before they attempt to participate in any kind of a rebound. That's what you have to teach yourself to do. ....... Does this change at the 15 minute into the market time period? I can't tell for sure however it looks like someone may have bought a block of 50 contracts in the 116 series of Calls. Here we are at 10:00 a.m. Could this be the bottom? Now here we are at 12:22 p.m. happy times are here again. The 115 series of Calls which were trading for $1.87 at 9:46 a.m. now at 12:22 p.m have moved upwards to $2.70. The 116 ser...
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Boeing 1st Quarter 2022 Earnings Report

The markets are rough in recent days. Boeing just had earning reports come out. Here is what happened in the first hour of trading. It doesn't matter what the numbers are. What matters is how the company addresses the issues.
How does a company lick it's wounds after news like this. Well they artfully plants forward looking statements.
Seven little very polished points which help to wash away the past and make us look forward. Well done. That's why their C.E.O.s get paid big bucks. Here is a look at one series of Boeing Call options two weeks out. The 155 series of Calls which expire on May 13th 2022. Is two weeks enough time to wash this bad news away? That's the bet.
Notice this is a series which previously never had any "open interest" in them. This is rare but not necessarily a bad thing. Do you have $420.00 U.S. you want play with? It's a chunk of cash. Yes or no? Is this the right time to "pull the trigger"? It's the catching a falling knife position. It's dangerous because the stock might keep falling. It's only 10:30 a.m. so is the bad new scrubbing all over? I don't know. Sometimes you have to live on the wild side. ** A 2:00 p.m. update.
Finally here is how it closed out the day.
We will check back in on a later date.

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