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Towards Understanding The Usefullnes Of Long Term Call Options

What do you think of this chart? It's Moderna. It's going to do something but what is it going to do? Up or down and what time horizon should we be looking at? Should it be two days, a week or perhaps two or three months? Here is the chatter about it. Moderna got smoked and now its time to get over it. It's that simple. Here now is how it is trading the morning after. For option traders this is kind of a "no win" situation. Yes it could move up but it could also start to waiver again. Stay away. Now Moderna on the following day. Here is a new chart to look at. Here is what caused the dip. It has had a good run. So now what? Maybe the longer term Calls? Maybe however there is a problem with them. Built into the equasion on both of these stocks is the mindset that they are both going to recover from these tumbles. Look at how expensive these two different series of twelve dollars "out-of-the-money" Call options are on Eli Lilly. It's ridiculous....
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"Out-of-the-Money" Call Options on Boeing With One Day to Go

Who likes trading options that expire that day? Let's move forward. First here is the five day chart of Boeing prior to it's Friday morning opening.
It looks like it could bounce. Part two, here is what I did. Look at times I got in.
In at 9:32.34 a.m. at thirty-two dollars each on four contracts and out at 9:43.07 a.m. at sixty-nine dollars each and also in at 9:34 a.m. at forty dollars each on two contracts and out 9:44 a.m. at seventy nine dollars.
These are ten minute trades picking off doubles in price. Here is a screen shot of how Boeing was trading during this particular period of time. I caught part of a one dollar early morning move up holding "out-of-the-Money" Calls. the ones that move the most percentage wise when they only have about six hours of trading time left in them. That is something to study.
Had I waited another ten minutes to get out I would of had given up all of my profits and had I held on to these positions until the end of the day I would have lost everything. Here is a one day chart on how Boeing traded.
Here is a look at how this series of Calls, the 212.50 Calls traded on the day. Eighty Four dollars was the high of the day.
The real winners in this secenaro were the 207.50 Puts. That's a different story which would have taken guts to play.
Movements like this happen every Friday.

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