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Showing posts from April, 2023

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Last Day Options - Tesla

If your new to option trading you wil not have the courage to play "last-day-until-expiring options". I get that. Perhaps a mid week option trade would be better. Find a chart pattern that looks interesting and buy yourself a three day ride. Or safer yet, buy an option on Friday at the close with five days of trading life left in them. Correctly picking the right directional movement over such a time period would instill a feeling of confidence in what you are doing. If you fail in such an adventure what would I advise you to do? Give up? No. Study harder. Now let me throw this one at you. Here is a recap of a blog I posted yesterday where an option trade doubled in price in just less than ten minutes. In all fairness most newbie option traders would not be purchasing "out-of-the-money"Call options which expire in only a few hours. What I am about to say may sound a tad stupid. If you want to jump into the world option option trading Tesla is one of the top stocks...

A Blogging Website About Caterpillar

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Ok. I am guilty of falling asleep at the switch. Caterpillar had great earning report this morning and the stock tanked on the opening. Here is it's five and one day chart. Now the highlights of the report. So now what do I want to show. How the different series of Call options traded. Notice the volumes in the 200 and 202.50 Calls. Next to no volume. Notice the rewards on the higher priced "out-of-the-money" Calls. Big rewards. In the ninety minutes of trading this morning the stock was off slightly. What an opportunity missed!