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Walmart Again

On Monday I did a blog on buying this week's Call options on Walmart. Today is now Thursday and there was a big crash in the markets yesterday. For example, Tesla had an insane selloff. Here is what happened to it. Today it is slightly rebounding as are so many other stocks. Thursdays however as oftened mentioned are not a good time to be purchasing one day options on stocks that expire the next day. So how is any of this revelant to Walmart's trading today? Well, there was a whole bunch other stocks that got knocked yesterday that might now rebound back up again together. Look at the chart below of Walmart and see how it was off a couple of dollars yesterday. Could you buy in now and get out later in the day? Fantasy thinking, one might say. Could it sneak up even one dollar? Now this. The stock mid morning is now merely trading sideways. Now look at this, the 93 series of Calls. (On Monday we were looking at the 94 series of Calls). At 10:22 a.m. the stock is up six cents...
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Deere and Company and a Bounce On Earnings

Deere bounced on Friday on earning reports. On Thursday the stock closed at $372.27 and the 370 Calls which expired the next day closed at $875.00 That's kind of rich, right? Now here is what happened.
Now the 370 Call option series.
Remember that the 370 Calls closed at $875.00 the previous day. Look at how they jumped to just over $22.00 on the opening bell. Over a double on your money. Profit takers then came in to drive the price down as this was expected news. Some traders play options like this. Others do spreads, where they will sell an "out-of-the money" Call and an "out-of-the-money" Put that expire in one day on Deere at the same time and hope they both expire worthless. More about that knd of trading at a later date.

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