Mid Week Reversals
I like Wednesdays for mid week reversals. This week is more difficult than usual because the U.S. is at war. These aren't normal markets with the projectory being down. So here is Boeing's morning chart at 10:26 a.m. The first hour of trading and the last hour of trading have the highest volumes of trading. Now two series of it's Call options. Notice the interest in the "at-momey" Call options as compared to the "out-of-the-money". Call options. Daytraders are looking at "in-and-out" positions. Now this, a look at the movement one hour later. Boeing continues to go down. I have added a look at the 205 series of Calls. They are all sliding down. .... To add light to this situation look at what the DJIA is doing and it's five day chart, now at 11.45 a.m. There is an uptick. Now at 12:03 p.m. Things are stalling out again. What does Chat GPT say about this situation? All three series of these Calls are taking a beating. Now this at 12...
