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Walmart- Unexpected Simplicity In Option Trading

If it goes up you make money.The stock is in a sweet spot. Look at it's chart. I did blogs on Walmart on December 16th, 19th. 31st and Jan 7th and 8th. Stocks in the $90.00-$100.00 price range will swing a dollar or more everyday and the option series are set up in $1.00 increments. Those two factors alone are the key ingredients that draw me to this situation. Read my past blogs on Walmart to get a better sense of what l am talking about. Yesterday was a big day for Walmart options. Do you agree these options are playable? I think they are. They might need a few days now to cool off. Yet maybe in two or months my view about this one will change. Please my pass few blogs on this one to get a better handle on why I like them. Once again, I think it's in a sweet spot.
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Rethinking Setting Up A Deere Position One Week Out

A rough opening this morning.
A news release which I thought wasn't all that bad. Rising sales during a period of covid!
A further morning decline in a market which was holding it's own in the first hour of trading.
What to do? Why not buy a Call with one week to go? Here is what they cost at 10:13 a.m. and here is what the five day chart looks like as of 10:30 a.m.
But wait. The markets sometimes turn south in the afternoon and more importantly the trading volumes on Friday afternoons often dry up. Look at how the markets (the DJI is selling off). Might it drop more on the day? Why is there now a rush to play the upside? There isn't but look at Walmart and Netflix. They both have a similiar story.
We will soon be going into a Friday afternoon, which is not a period of time when the markets tend to rally. My interest in looking for a rebound is now waning. Here is how these Calls closed out the day. The problem now is that this particular series is now to far "out-of-the-money" to consider.
Here is the closing one day chart.
Fridays in general are not good times to be looking for reversals. These markets as of late are wicked. Deere lost $51.31 on the day. (This chart doesn't show the lower gap opening which was a big chunk of the loss on the day). Walmart also lost over $25.00 in one day a few days back. It's a market where everyone has lost money. Clear skies will be slow in coming back.

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