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How To Be A Better Short Term Costco Option Player.

Let's start by saying it's 3:00 p.m. on Thursday and I am going to talk about the big sell off that Costco experienced this morning. There was news on it that seemed to take some time to be disceminated. I tried looking for what the news was all about in the first hour of trading and couldn't find any. As it turned out it was the "regular-stuff" type of news like last month's retail food sales or something like that. Everyone listening to this type of news seem to have their own slant as to what is happening. For many people this news is not that important. Costco often releases news like this. Sometime shareholders get stressed and bail. Why wait around to see if it only gets worse? There are always sharks out there waiting to nibble at falling prices. In the early few minutes of trading this morning the average retail trader had no knowledge as to what this news was all about. Opening markets started to tumble. This sometimes happens. If you're a frequ...
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Toyota - Just Buying a Straight Call Two Weeks Out

A recent past blog highlighted the fact that the volume in Toyota options is super light. Now read this. There was a change of leadership.
Sales are up, the stock is down. They now have the second, third and fourth best selling cars in the world. It was just reported April global sales were up.
Here is the trading in two "in-the-money" Call options that expire in two weeks (The trading on May30th and on May31st).
Now May 31st.
Here is the chart.
This is all so strange. Only one Call option traded in two trading days. One! I must be an odd duck writing about this or missing something. Production levels up with top selling brands which equates to economies of scale. A proven product with a good reputation. A stock off in price two days in a row in a soft market. Any kind of a reversal would send these Calls up 50% in one day. At this point in time the higher up 140 Calls with two weeks to go would also surge on a two dollar reversal. That would cause an instant double.
I hate blogs like this which say something might double. I could look like an idiot for going so off tangent. Oh well. Check back later to see how all of this played itself out. ** One might wonder if you at mercy of the option makers in trading in thinly traded series like this. Yes and no. When something happens to change the projectory of a stock like Toyota there is no stopping it! ** It popped on the opening. Yes you can play Toyota.
Here is how it closed out the day.
...
What a nice one day move. This proves that Toyota is tradeable.

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