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Options On A Monday Morning On Nvidia That Expire At The End Of The Day.

Options on Nvidia are widely traded and have options on it set up to expire three times each week. Monday, Wednesday and Friday. Nevida is on a terror, earnings are skyrocketing up. Here is it's thirty and five day chart. Imagine buying last weeks Call options on the close last Wednesday and getting out on Friday? What a score that would have been. Now look at Monday morning's trading action. Now shown above is how the stock is trading on the opening. It is up. Didn't it's perky chart look like that might happen? It's 220 series of Calls are up 271% twenty minutes into the trading action on 110,800 contracts! Now this at 10:02 a.m. The stock is giving up much of it's gain. We could follow the progress of this stock all day. My point is, the world of option trading offers countless opportunities. Are you up to the challenge?
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Harley-Davidson

First, I am not a big fan of playing options on stocks in the thirty and forty dollar range. It's not like speculating in Boeing or Caterpillar Calls and Puts with these stocks swinging up or down two or three dollars nearly everyday. Harley Davidson is a thirty five dollar stock. Look at how it is trading so poorly on the good earnings news back at the end of April.
Now here is some of this news.
All the good news was wiped out by the forecasting of a bit of a slowdown in the second half of this year. Investors who bought in early this year when the stock was trading over fifteen dollars higher who correctly anticipcated this surge of earnings must now feel so frustrated. Where are their rewards? Now look below and see where the January 37 Calls are trading at. If the stock gets above forty you would be in luck. That would buy you their next two earnings reports. By then management might see their business in a more favourable light. Yet the chart looks ugly and there doesn't seem to be a support level.* With most option positions "time value" works against you. When you purchase eight months of time and your reasonings for buying in turn out to be correct the time value can become your friend. It is however still a scary position to be considering.

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