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Costco And Dangerous Fruit . It Was Like Robbing A Bank

Let's zoom in on a dangerous Friday afternoon option trading situation. Do you want to try and rob a bank? Look at this chart. It's zig-zagging and it's Costco is down $2.02 a 1:42 p.m. on a Friday afternoon. It's one week options on it that expire at 4.00 p.m. actually expire at 3.00 p.m. for retail traders. Might it jump a couple of dollars or more in the next 78 minutes? That's the bet to rob the bank. I like it. Past blogs have talking about Costco moving $25.00 and $35.00 dollars in one day. If your ahead of the game from trading all week you can afford to explore this situation. Here now at 1:40 p.m. are it's three series of "out-of-the-money series of Calls". ...................................................... .......................................................................... So what ended up happening? Costco exploded upwards. I will now only show you one of these series of Calls and how they were trading at 3:00 p.m. which was th...
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Exxon Mobile - Numbers On Option Prices Swirling In The Air

Is this a game to hard for the little guys to play in? I don't usually follow options on Exxon but I played them often forty years ago when I was a stockbroker. Back then the spreads on options were in 1/8 th's. Sometimes the back office would skim an 1/8 off the ticket fills especially if the ticket was for like ten contracts. Exxon had a big jump today. People again are talking about the price of oil.
Might it retrace half it's gains?
I note that in the last six minutes of option trading on the day today (Tuesday June 7th) these option prices remained unchanged. That's a bullish signal as day traders were not anxious to cash out. Let's see what happens next. I jumped in and watched the "oil news". Every hour a new article would seem to pop up about why it is surging. Is it surging or spiking? It's a game most people should not being playing. It's dangerous and it's price swings are impossible to predict. I got in on Tuesday and on Wednesday with Friday Puts. I don't want to tell you what I got out at but my perspective is that the exercise requires way too much babysitting. If your running on profits and if you want to see if you can extend your winning streak then go ahead and knock yourself out and try it.
It's not a fun game to play because so much of what might happen is out of your control. Look at how the spike I was initially attracted to turned out to be a nightmare until Thursday. There is a lot of short term action in this five day chart. It's crazy. *** Look at what happened to Exxon the following Monday.
Sometimes it pays to buy options two weeks out and not only days from expiring. ** a June 17th update. Look at this stock drop over five dollars in one day. What a freefall.

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