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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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Interday Trading Opportunities. Feb 15th - Boeing

Let's talk about Boeing. The stock was down $1.01 on the day. Here is it's early morning chart.
Call you see it drop a touch before 10:a.m.? Now here is it's chart on the day.
Here is what I did.
In at 9:45 a.m. at $365.00 about ten minutes to early and in at 10:04 a.m. at $305.00 just as the stock started to rebound. That was good timing. I was buying the 215 Calls which expire in three days. That was a chunk of money and what I was really hoping for was a $2.00 quick rebound. That didn't happen and I quickly found myself babysitting something I really didn't want to be in. You can also see my second buy in above. Now check on the chart to see the action between 9:30 a.m. and 11:30 a.m. when I was in this position, now with two contracts. I got tired of waiting and I was lucky to get out before the selloff that happened around 12:30 p.m.. You can see my sell ticket and it's timing also on the ticket shown above. Out of both contracts at $380.00 with one sell ticket. I still liked Boeing as it had a big airplane order this week. My focus for the week however was to shadow the market and take small quick profits. I made less than $70.00 on this one and I found myself stuck in the position for almost two hours waiting for a pop. Talk about painful. Then I double dipped. I seem to have a high threshold for pain. I witnessed Boeing selling off a bit after I got out and I wanted to get back in the action. This was forty minutes after I got out. I was now hoping for an afternoon rally.
I bought back in at 12:10 p.m.. Look back up at the chart again to see where Boeing was at then. It was off in price. My timing to get back in was good.This time however I wanted more upside leverage so I moved the striking price up one series. This time I purchased the 217.50 Calls (vs.the 215 Calls) which was a higher risk but offered more of a return if the stock rebounded quickly. He is what I did.
I bought four contracts at $.96 each at 12:10 p.m.
I got out after waiting just over 1.5 hours to make $25.00 less commissions on each of four contracts. I got out at 1:42 p.m. at $121.00 a contract. That trade was a touch smoother. No one was giving out free money today. Boeing closed the day down $1.01.

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