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Climbing The Wall of Greed.

It's a stupid market with stupid things happening. It's exhausting. Investors have to change out their investment strateties. Caterpillar and Deere had big gains this week and one week Call options on both of them went up in price 400 percent. In recent blogs I have talked about things like coming late to the party and making trades where you would make out like a bandit. Look at this mornings action in "Unusual Machines". I have talked about this stock before. Now this. A look at the Call options on "Unusual Machines" at 9:31 a.m. this morning after the stock jumped $1.57 on the opening. These Call options jumped 300% from their close on the previous day. Also look at the large open interest in these options. These Calls still have one week's life left in them. The question now is who would you be stupid enough to be throwing more money into this? Not me after all this that has happened. Now this. In forty four minutes the Calls that were already u...
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Netflix and the Future Value of Income Streams

Netflix had news.
On the release of this information the stock jumped and here is where it gets really crazy with "out-of-the-money" Call options that expire in two days. Call it insane. What I am about to show are random samplings of this action.
For years now articles have being written on the Netflix business model and what bothered market pundents was how they were losing money on customers giving away their access codes to other users. Other questions. Do upticks like this trigger automated tracking systems set off alarms that catch jumps like this within seconds of these meteoric liftoffs? Do C.E.O's tell their son-in-laws of this impeding action. Did the fellow driving the Porche 911 in front of you buy it with the profits made from acting on insider news? Can you buy Disney or Roku tomorrow and catch similiar gains? In two recent blogs this week I talked about Boeing Calls jumped in price on Biden news about how he was handling one days news on the debt crisis and how Harley Davidson had great earning reports only to watch the stocks price drop on spurious comments about potential headwinds ahead. Were such comments warranted? The markets are full of trickery. Things to think about when you are on the bus in the morning beating yourself up because you wasted money on a Starbuck coffee. Look, option trading isn't for everyone but I am hoping that little blogs like this will raise eyebrows.

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