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The Markets Never Stop. The Stock Lowes And Forward Looking Thinking.

An earning's report came out and some of the reason's the stock dropped made sense. Let me tell you what happened and why. Lowe's sold off in price over $12.00 in one day on an earnings report. How bad was the report? Well that is something that is debatable. Some people would say that past sales are not a good indication as to what might happen next. Not many option traders attempted to trade in it. Some traders derive more pleasure in playing the rebounds after these types of announcements come out. Here is what their C.E.O said. It is her job to try to put was a positive spin on things. Every word she uttered was well rehearsed. Lowes and Home Depot are always difficult to play because their stories can be spun in so many different ways. On a different note, the Put options five dollars "out-of-the-money", which were the 265 series of Puts were a cheaper and a more profitable way to play this action than the 270 Puts. Yet then again, if the stock only dro
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News About Moderna

There is always news on Moderna. Look at these two charts both showing how it jumped up in price ten days ago.
When stocks have a pattern of jumping you only win when you catch the right direction. Here is the background to today's action (Monday Oct 24th and I am looking for an entry point). As mentioned before Mondays are not my favorite time to be purchasing option that expire on Friday. The D.J.I. and Moderna were up today. Moderna is in the spotlight concerning how much the government going to pay for their vacines going forward.
Now look at the stock's one day and five day charts. I didn't end up playing it.
Let's move on to Tuesday and here is some action.
There was a short and slight selloff around 2:15 p.m. Here is what I did. I got in at 12:57 p.m. looking for an afternoon selloff and I got out a 2:16 p.m. at the height of it's mini crash. It was a question of just getting out and asking questions later. (I did spend 15 seconds looking for news but I couldn't find any). The markets in general at that time were staying stubbornly strong.
Here is a chart of how it traded on the day.I was lucky to get out when I did.
Yet another opportunity presented itself the follow day with a mild afternoon price decline after a morning rally. It's nice doing these types of trades without having to take overnight positions.
Now a January 10th 2023 update.
Moderna is now in a sweet spot as it is not hurting for money.

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