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Vinfast Hits The Lottery!

This post is easy to write. Look at how all on the options exploded on this one. Here is why. Both of these articles were from Nov26th and 27th. Why the time delay in having this stock pop is something I don't understand. Back on Sept 5th and Oct 27th I did I blogs on this stock. Go back and read them. Both times I ended these blogs by saying "Do your homework on this one". Read my blogs about playing options on $5.00 stocks. Here now is how Vinfast closed the day.
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A Four Minute Quick Read on Caterpillar To Help Make You A Better Caterpillar Option Trader

I don't like buying Call options on Monday morning that expire on Friday. I tend to find them to expensive. Something unusual happened this morning. There was an announcement. Here it is.
February 9th was a Thursday. I congratulate Caterpillar for holding off until the Monday after, today to release this news. Can you imagine announcing it last Friday at noon and having short term Call option holders getting wiped out. So what happened on the opening to Caterpillar today? It tanked.
It tanked however it rebounded as the index closed super strong.
Now look at how low the Calls traded on the opening and how they came back. I watched it happen but opted not to play it. They opened at $3.90 and dropped to $285.00 before they jumped up. It's not every Monday the D.J.I. rallies over 376 points.
Two thoughts. 1) Releasing this kind of news on a Monday morning shows shewardship. 2) I opted not to play it. I don't like buying one week Calls on a Monday morning. That's just me.

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