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The Same Old Game Of Buying One Day Boeing Options On A Friday Morning

You decide. Do you like this chart? The real action in the Calls happened yesterday, on a day the DJIA was up almost 1,000 points. Now a look at these one day Calls options 10 minutes into the trading session. It's early in the day. It's 9:51 a.m. .... Is the stock stabilizing? Let's move down one series of Call options.We are still in the first thirty minutes of trading. Now a 10.10 a.m. look at the 217.50 Calls. Now the 220 Calls we first started looking at. What's going to happen? To be continued. The closing numbers and a one day chart. It didn't disappoint. The 1:20 p.m. time period was the time to get out. Here is how the DJIA closed the day. So you might say that this is a stupid game to play with the risk levels amazingly high. Space X was abuzz with news today and Boeing had a scorching hot day yesterday. Today's trading activity was merely a walk in the park. One day option trading can sometimes be your best friend. To read other blogs on Boe...
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The Trade Of The Year On Caterpillar Calls. It's No Surprise It Happened On A Friday

In a past blog Caterpillar averted a strike and it was noted that the stock jumped to the moon on that news. Caterpillar has a large following and likes good news-made in America stories. Biden avoided his government running out of money late Thursday and on Friday the stock Caterpillar jumped to the moon. It opened higher and kept going up.There is no looking back now at what happened.
My May 29th blog talked about how Caterpillar had slight bounce last Friday morning and the light volume of option trading on it. With the stock going sideways to down all that week playing Call options on it was out of fashion. Things changed on Friday June 2nd. Caterpillar bounced. So here now is a look at how two "out-of-the-money" series of Call options traded on it on Friday.
Look at the open interest numbers going into Friday. Two hundred and ninety five contracts. Few traders were expecting the news to come when it did. This blog could now go in many directions. Last week both Caterpillar and Boeing struggled on the week and option trading volumes dried up. My attitude was not to trade, to wait for better days. I should have known better, the system is a little bit corrupt. Insiders could gain the most from a late Thursday release of good news. A one day pop in the next days options. That is what happened. On Friday the D.J.I. was up over 700 points. The one day options on Caterpillar were star performers. It was the "trade-of-the-year" on Caterpillar Calls. It doesn't look like any of the 100,000 or whatever the number of brokers and analysis there are out were clued into this action. So strange. * Also think about this. Caterpillar has something like 109,100 employees. I don't understand why there isn't more traders in on this action.

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